Cont: The Biden Presidency (3)

[Aridas]

The original plan called for the extraction of oil from tar sands to triple by 2030. Thus opening up a great source of energy production. It would have been a win with the pipeline. Now it's not economically feasible to move the tar sands because the transportation costs would negate any benefit of processing them.

The cancellation of the Keystone pipeline extension into Canada is just one example of Biden's war on fossil fuels. It guarantees there will be no oil production from Alberta tar sands.

A win with the pipeline? Just not with regards to US gas prices, either present (the pipeline wouldn't be finished yet anyways) or future (because it wouldn't be making a product relevant to the US gas market or even the US energy market in general). Hence why invoking the Keystone XL pipeline when it comes to current gas prices is overwhelmingly dishonest and a big red flag.

Typically when something becomes more rare, it increases in value. Which is exactly why Biden is on his knees to OPEC now trying to get the Arabs to ramp up production.

After Trump made a deal with them to get them to reduce their production specifically to drive up oil costs while usage was being suppressed by Covid-related issues without regard for after said issues passed, it's all Biden's fault because Biden didn't green light a pipeline that would be used for a different product that we don't use in the US anyways? The argument is absurd and really, really should cause you to do a double take. I've already ceded that Biden's overall policy is reasonably likely to increase gas prices in the long run, yes, much as that's combined with reducing the US' dependence on it (focusing on reducing demand is not actually a bad thing for a whole bunch of reasons), but arguments like what you're forwarding betray that you're not thinking critically at all about the topic, but rather are just falling for misleading oil industry/Biden basher propaganda. Just like the argument that takes the observation that gas prices rose as the economy recovered and demand went back to more normal levels and claims that it's all the fault of Creepy Biden's war on energy! It's certainly possible that Biden's policy did have some effect, but if you're just going to ignore everything else of importance, there's no point in taking that argument seriously.

 

[kookbreaker]

The Keystone pipeline project is one example of Biden's failed energy policies.

That doesn't answer the question of how a pipeline that wouldn't be finished for years is affecting gas prices now.

The combination of failures is causing the resulting prices at the pump. You certainly don't gain favor with the Big Oil by going to war with them.

That doesn't answer the question of how a pipeline that wouldn't be finished for years is affecting gas prices now.

Yet every thing Biden has done has put money into Big Oil's pockets and taken money from the consumer's. Rather than easing restrictions to ramp up production the Biden Administration has made exploration and drilling more difficult.

There are still plenty of drilling permits that oil companies have not used, and it hardly matters since it takes some 6-10 years for a new well to add to the supply.

Biden cancelled EVERY Executive Order Trump had in place to increase energy production. He added new annual pipeline fees of $10,000/mile for offshore pipelines. Stopped leasing Federal lands completely on day 1 of his Administration.

Because maybe we shouldn't be giving away the farm to big oil interests? Especially since it doesn't change the price at the pump. The US has doubled its oil production in the past 15 years, yet the price of a barrel of oil hasn't changed.

There will undoubtedly be pains while the US is moving away from its addiction to oil. Everyone knew this whether they admit it or not. 81 million+ knew the price of gasoline would rise due to Biden's approach to fossil fuels and Progressive "Green" energy policies.

"everyone knew" except that there is little reason for these policies to have an effect on the price at the pump *now*. You are talking about stuff that would have a drop in the bucket effect on price *years* from now.

The only surprise is those acting surprised and outright denying Biden had anything to do with the current record high price of gasoline. Perhaps it was just bad luck, for another Democrat President once again.

The last time we had skyhigh prices like this was during the Bush administration, which did bleed into the Obama administration. Your psychopartisanry is showing.

One thing I'm certain of is those grifters hired to peruse the internet to sway public opinion away from Biden and record high gasoline prices are working overtime.

Yes, the trolls like you are working overtime telling complete lies about what affects the price of oil.

 

[W.D.Clinger]

The following quotations contain several errors, which I have highlighted.

Cancelling the Keystone Pipeline project directly increased the cost of energy. How so? First of all the Keystone Pipeline was going to be used to import tar sands from Canada to extract the oil at US refineries . Without that pipeline in place those tar sands have to be moved by truck and are not readily available for oil extraction. The end result is higher transportation costs added in to the refining which increases the price of energy.

The original plan called for the extraction of oil from tar sands to triple by 2030. Thus opening up a great source of energy production. It would have been a win with the pipeline. Now it's not economically feasible to move the tar sands because the transportation costs would negate any benefit of processing them.

The cancellation of the Keystone pipeline extension into Canada is just one example of Biden's war on fossil fuels. It guarantees there will be no oil production from Alberta tar sands. Typically when something becomes more rare, it increases in value. Which is exactly why Biden is on his knees to OPEC now trying to get the Arabs to ramp up production.

Corrections:

• The existing Keystone Pipeline does not carry tar sands, nor would its proposed Phase IV extension have carried tar sands. The pipeline carries crude oil and diluted bitumen extracted from tar sands, not tar sands.
• The pipeline carries synthetic crude oil that was extracted from tar sands near its source, but that oil is refined in the United States.
• The Keystone Pipeline has been in operation for about a decade, and has been transporting oil extracted from tar sands in Alberta. The proposed Phase IV extension, known as Keystone XL, would have added capacity by adding an alternative route through Baker, Montana.

 

[mikegriffith1]

I applaud some of the things that Biden has done, but I think that his handling of Russia's invasion of Ukraine has been unforgivably and inexcusably weak, and that his energy policy has been a disaster (as we can all see).

Until we have a viable alternative to fossil fuels, it is reckless and destructive to wage war on the fossil fuel industry and to seek to discourage investment in oil production infrastructure, which Biden has been doing. He tells the oil companies to produce more oil, but then he turns around and discourages investment in oil production infrastructure, cancels a major drilling project that would have yielded millions of barrels per day, and cancels the perfectly sane Keystone XL pipeline.

Biden's Red Light, Green Light Energy Policy
https://justthenews.com/politics-po...t-energy-policy-hindering-cooperation-big-oil

 

[Silly Green Monkey]

So how would a pipeline that wouldn't be finished for years and wouldn't add to the US gasoline supply affect fuel prices now?

 

[Kestrel]

I applaud some of the things that Biden has done, but I think that his handling of Russia's invasion of Ukraine has been unforgivably and inexcusably weak, and that his energy policy has been a disaster (as we can all see).

Care to explain what Biden should have done about the Russian invasion of Ukraine?

 

[acbytesla]

I applaud some of the things that Biden has done, but I think that his handling of Russia's invasion of Ukraine has been unforgivably and inexcusably weak,

Unforgivably? How exactly would you handle Ukraine? Launch a nuclear war with a nuclear superpower and destroy the planet? I admit it. I'm not thrilled with the way Biden has handled Russia and the Ukraine. Nevertheless, I don’t have a better idea. Do you? I doubt it.

 

[ZiprHead]

Regardless of who wrote it, which part of the article would you argue to be untrue?

New Data: Biden’s First Year Drilling Permitting Stomps Trump’s By 34%

Thousands of Permits OK’d Despite President’s Authority to End Drilling by 2035

WASHINGTON— New federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration’s first-year total of 2,658.

Nearly 2,000 of the drilling permits were approved on public lands administered by the Bureau of Land Management’s New Mexico office, followed by 843 in Wyoming, 285 in Montana and North Dakota, and 191 in Utah. In California, the Biden administration approved 187 permits — more than twice the 71 drilling permits Trump approved in that state in his first year.

 

[acbytesla]

New Data: Biden’s First Year Drilling Permitting Stomps Trump’s By 34%

WASHINGTON— New federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration’s first-year total of 2,658.

Nearly 2,000 of the drilling permits were approved on public lands administered by the Bureau of Land Management’s New Mexico office, followed by 843 in Wyoming, 285 in Montana and North Dakota, and 191 in Utah. In California, the Biden administration approved 187 permits — more than twice the 71 drilling permits Trump approved in that state in his first year

Thousands of Permits OK’d Despite President’s Authority to End Drilling by 2035

There you go inserting facts into the discussion.

 

[pgwenthold]

That doesn't answer the question of how a pipeline that wouldn't be finished for years is affecting gas prices now.
.

Oh, they originally claimed it was because "markets." And sure, the price of a barrel of oil did go up at that point.

But then, the price of a barrel of oil is the same now when the price of gas is $5 as it was when the price of gas was $3.50. So it's the standard excuse....oh, the price of oil has increased, so the price of gas has to go up right away. But then the price of oil drops, does the price of gas come back down? Not immediately. Oh, it will get there in maybe 6 months or more, but it doesn't do the big jump.

But there is a different issue that kind of pulls back the curtain - the price of E85.

Now, one might think that the price of E85 should not be as sensitive to fluxations in gas prices, since, you know, it's not as dependent on the price of oil. Oh, sure, 15% is oil based, but if you look at the price of E85, it has been tracking the price of gas. So what "Biden policy" has been responsible for the price increase of E85?

Oh sure, corn prices are higher. But that's not causing high price of E85, it's the result of such. Corn growers are hoping that the increase in E85 revenues are going to trickle down to high corn prices.

The fact that E85 prices are tracking right along with gas prices shows that this has basically nothing to do with the cost of oil.

This is one of those places where E85 could actually be beneficial. When gas is $5, if you have a flex fuel vehicle and can get E85 for $3.75, that would make sense. But ramping E85 up to $4.75? That's not based on limits of supply, it's because they can.

Note this has nothing to do with whether you think E85 is a good idea or anything, but given the existence of E85, it's about the market.

 

[Tero]

Tar sands oil is not for cars to drive. It's worse than diesel. No gasoline is made from it. It just adds to the total oil supply. Mostly for Canadians to export. Not US oil.

https://www.bloomberg.com/news/arti...of-crude-from-the-u-s-hit-a-record-last-month
"Exports to Asia were at their highest ever, with India the leading destination by far, followed by China and then South Korea, according to oil analytics firm Kpler."

 

[Bob001]

Care to explain what Biden should have done about the Russian invasion of Ukraine?

There was never a magic solution. But people who are smarter than I am think Biden could have done two things: 1/ impose some economic sanctions on Russia as it built up forces outside Ukraine before the invasion, to signal that the western response would be more than talk; 2/ send more, and more effective, weapons to Ukraine earlier and faster.

Zelensky himself suggested No. 1:

February 19, 2022
(CNN) Ukraine's President Volodymyr Zelensky said Saturday sanctions on Russia should be made public before a possible invasion of Ukraine occurs, as tensions between western nations and Russia continue to intensify.

Zelensky told CNN's Chief International Anchor Christiane Amanpour in a one-on-one interview at the Munich Security Conference that he disagreed with the stance that sanctions should only be listed after a potential Russian invasion takes place.

"The question of just making it public ... just the list of sanctions, for them, for us, to know what will happen if they start the war -- even that question does not have the support," he told CNN.

https://www.cnn.com/2022/02/19/euro...ur-munich-security-conference-intl/index.html

 

[Delvo]

before the invasion... earlier and faster.

That would have violated Biden's core principle of dithering indefinitely while promising us he's thinking really hard about doing something without ever actually either doing it or dropping it.

 

[Delphic Oracle]

RE: oil prices and domestic production.

Another aspect of this is we can't have it both ways. The financing and economics of extraction only work when the price is high. As soon as prices fall to a level consumers are satisfied with, the ROI of domestic extraction falls apart. The Bakken play (Dakotas) is a premier example of this. The price rises, work on wells begins, billions are spent, the price falls, more money is spent capping and securing them, sidelining equipment and handing workers pink slips (but still having to pay unemployment). Lather, rinse, repeat. OPEC has played this masterfully for over a decade now. Not because they are evil, foreign, mustache twirling villains, but because it's business.

The enthusiasm to "drill, baby, drill" just means we're blowing money on developing a dying resource. Many of such fields may never reach significant production before renewables replace them and they are nothing nut a niche product. Speaking of which, another aspect of OPEC's long-term outplaying of these companies is that they are pouring a great deal of their profits into R&D of renewables and desalination. So once they've exhausted their own supply (and we've burned it and thrown it into the atmosphere), they'll be holding the patents and happily license them for a fee. They are frustrating and delaying their rivals' production (as repeatedly stated by others, of a product not suited for American automobiles anyways) until that very resource has become pointless and they have foothold on the market that replaces it.

It's shrewd, it's deviously calculated, and it's working. But it's also hardly unique in a capitalist world.

 

[ZiprHead]

There was never a magic solution. But people who are smarter than I am think Biden could have done two things: 1/ impose some economic sanctions on Russia as it built up forces outside Ukraine before the invasion, to signal that the western response would be more than talk; 2/ send more, and more effective, weapons to Ukraine earlier and faster.

Zelensky himself suggested No. 1:

https://www.cnn.com/2022/02/19/euro...ur-munich-security-conference-intl/index.html

Per Reuters, US sanctions on Russia began on February 24th

And several more between that time and the actual start of the war.

 

[gnome]

That doesn't answer the question of how a pipeline that wouldn't be finished for years is affecting gas prices now.




That doesn't answer the question of how a pipeline that wouldn't be finished for years is affecting gas prices now.



There are still plenty of drilling permits that oil companies have not used, and it hardly matters since it takes some 6-10 years for a new well to add to the supply.

I never, ever get an answer to this question. The person arguing just says I'm making excuses and continues to repeat that Biden's "war on energy" is responsible for today's gas prices.

 

[Tero]

I think we would be better off by now...even with emissions....if we just burned coal and got the electric cars already. Yes yes, I know hydrocarbons are better for emissions, as they have hydrogen that burns and gives hear just as well. I am a chemist. But the electric cars are way more efficient at capturing the energy that we would get...burning coal. Methane and propane are both dependent on mining, other than methane collected from dumps and cattle operations.

The Keystone pipeline would just be a component of the bumps and jerks and stalls that we get from now to the end. The prices are going to be more erratic now. Up and down.

 

[Bob001]

Per Reuters, US sanctions on Russia began on February 24th

And several more between that time and the actual start of the war.

The actual start of the war was Feb. 24.

On 24 February 2022, Russia invaded Ukraine in a major escalation of the Russo-Ukrainian War that began in 2014.

https://en.wikipedia.org/wiki/2022_Russian_invasion_of_Ukraine

The Russian buildup on the border began months earlier.

 

[beachnut]

Cancelling the Keystone Pipeline project directly increased the cost of energy. How so? First of all the Keystone Pipeline was going to be used to import tar sands from Canada to extract the oil at US refineries. Without that pipeline in place those tar sands have to be moved by truck and are not readily available for oil extraction. The end result is higher transportation costs added in to the refining which increases the price of energy.

What is your source for the parts of this post that are wrong?

 

[dudalb]

I applaud some of the things that Biden has done, but I think that his handling of Russia's invasion of Ukraine has been unforgivably and inexcusably weak, and that his energy policy has been a disaster (as we can all see).

Until we have a viable alternative to fossil fuels, it is reckless and destructive to wage war on the fossil fuel industry and to seek to discourage investment in oil production infrastructure, which Biden has been doing. He tells the oil companies to produce more oil, but then he turns around and discourages investment in oil production infrastructure, cancels a major drilling project that would have yielded millions of barrels per day, and cancels the perfectly sane Keystone XL pipeline.

Biden's Red Light, Green Light Energy Policy
https://justthenews.com/politics-po...t-energy-policy-hindering-cooperation-big-oil

At least he did not kiss Putin's butt like your Great God Trump.