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| Bidenflation in Pictures (Page 6/8) |
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theBDub
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JAN 27, 05:09 PM
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These are both good articles that show why the changes didn’t cause any changes to current production and wouldn’t impact the global commodity price (which is primarily related to supply) for years to come. The Forbes article even has a last line that specifically says this isn’t the reason for rising gas prices lol.
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olejoedad
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JAN 27, 05:31 PM
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Just an effort to keep the conversation based on reality.
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Patrick
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JAN 27, 05:33 PM
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| quote | Originally posted by theBDub:
I’ve been noticing more… mischaracterizations… by Todd lately, often backed by some statement like “everyone knows this.” I’m not sure if it’s always the case and I just know more on these topics to notice it, or if it’s ramped up.
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I don't dislike Todd at all. I actually enjoy threads where him and I have discussed various topics ranging from real estate to the iron duke to armadillos. Yes seriously, armadillos. But it has come to the point where I cannot enter into any discussion with him in this section of the forum without Todd going way overboard in his zeal to promote his political agenda. He'll say anything to try and give his arguments some weight, including absolute made-up baloney. He's never been quite the same since fredtoast got in his head.
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82-T/A [At Work]
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JAN 27, 08:23 PM
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| quote | Originally posted by theBDub:
I’ve been noticing more… mischaracterizations… by Todd lately, often backed by some statement like “everyone knows this.” I’m not sure if it’s always the case and I just know more on these topics to notice it, or if it’s ramped up.
You can look at an oil price chart and see when the prices started rising. It’s immediately evident it wasn’t Biden. Kinda hard to give benefit of the doubt. |
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I cannot tell you how much you made Patrick's day... like, this is literally the validation that he's desperately been seeking for probably the past couple of months... hahaha!!!
Sigh, you guys are all completely wrong. The problem is... I'm at the point where I continue to repeat myself over and over and over, and then you guys "forget" and we have to go over all this stupid **** again. Go to the Petrolphobia thread, and read through 15 pages, please.
I don't really understand how you guys manage to literally forget what happened 3 years ago, or what's happened over the past 3 years. On day 1, he enacted an executive order which canceled two pipelines (one which was to replace an existing one, and the other was to allow the continued development of the Keystone Pipeline). The day after, he cancelled all pending oil leases... a "pause" that he called it, which effectively "ends" those leases from ever becoming a reality. E.g., the metaphorical pipeline of new oil production ends. You cannot shut off and turn on the oil industry like a light switch. He then halted fracking on all Federal lands (Federal only because he can't do it on private land), cancelled Anwar, and dozens and dozens of other executive orders which further limited and held up oil future oil production. Gas shot up to almost 5 dollars a gallon because the industry could no longer match the demand, which continued to have a dramatic effect on inflation (e.g., the cost of products rises due to the cost of transportation).
This started to have a catastrophic affect on his polling, and he immediately started releasing the Strategic Oil Reserves to reduce cost... a million barrels a day, which gets sold on the international market (that's how it works). And... NO... BDub, that is NOT what the Strategic Oil Reserve is for. It was created as part of an agreement with the IAE to maintain a stockpile for global emergencies when there's a catastrophic collapse in oil production or transportation... such as in times of war. It was never meant to simply "reduce the cost of oil so your poll numbers aren't bad."
You guys don't even understand the difference between the various types of crude that's produced in the United States. Biden has been approving oil leases like crazy in hopes of lowering the price of gasoline, he did this about a year ago when he realized he'd ****ed up. He ****ed up big time and realized by mid 2022 that because of what he'd done, gas prices had shot up and everyone was pissed at him. https://www.nbcnews.com/pol...eral-lands-rcna24646 It takes a year from the time you approve a lease for oil production to occur... which is why then in LATE 2023 we started to see a dramatic decline in gas prices.
It was the exact same stupid thing that Obama did in his first year which also led to a dramatic increase in gas prices back then. Democrats everywhere, including every single one of you, have continuously said that we're producing more oil now than we had before "a net exporter"... and I've had to correct all of you several times that you're misrepresenting information. I encourage you to go back to this post, where I tell you that in fact, we are producing less sweet crude used for gasoline: https://www.fiero.nl/forum/.../000015-15.html#p567
"Although exports increased in the first half of 2023, the United States still imports more crude oil than it exports, meaning it remains a net crude oil importer. The United States continues to import crude oil despite rising domestic crude oil production in part because many U.S. refineries are configured to process heavy, sour crude oil (with a low API gravity and high sulfur content) rather than the light, sweet crude oil (with a high API gravity and low sulfur content) typically produced in the United States."
Anyway, we've had these conversations over and over and over. I've had dozens of links going over everything Biden did in his first several days that basically crippled the oil market. You guys seem to have completely forgotten everything that happened literally 3 years ago, like it requires historians to do research on what "really" happened. I'm not wrong, you guys are just completely ignorant when it comes to these things and somehow completely forget things that literally just happened a few years ago.
| quote | Originally posted by theBDub:
These are both good articles that show why the changes didn’t cause any changes to current production and wouldn’t impact the global commodity price (which is primarily related to supply) for years to come. The Forbes article even has a last line that specifically says this isn’t the reason for rising gas prices lol. |
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Dude, those articles are both almost 3 years old. Gas prices shot up to almost 5 dollars a gallon well after both of these articles were published. It is absolutely the reason why gas prices went up. The industry had been knee-capped and couldn't meet demand. I can't keep doing this because you guys ****ing forget from one day to the next a conversation we've had. Read the ****ing Petrolphobia page. I swear dude...[This message has been edited by 82-T/A [At Work] (edited 01-27-2024).]
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theBDub
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JAN 27, 08:53 PM
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Todd, with all due respect, I literally have a degree in Petroleum Engineering and worked as a Production Engineer for years at Chevron, managing a portfolio of over 900 oil wells. If there is anyone on this forum that understands oil production, it’s me. I think some of the other guys have leased some wells on their land or worked as roughnecks, but I don’t know anyone else on the forum that has planned a new well from spud to sales meter, nor wrote fracking programs, nor run chemical stimulations on 100 year old wells, like I have.
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82-T/A [At Work]
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JAN 27, 09:00 PM
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| quote | Originally posted by theBDub:
Todd, with all due respect, I literally have a degree in Petroleum Engineering and worked as a Production Engineer for years at Chevron, managing a portfolio of over 900 oil wells. If there is anyone on this forum that understands oil production, it’s me. I think some of the other guys have leased some wells on their land or worked as roughnecks, but I don’t know anyone else on the forum that has planned a new well from spud to sales meter, nor wrote fracking programs, nor run chemical stimulations on 100 year old wells, like I have. |
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Cliff... he has decades of experience in the oil industry.
And this just shows me how unbelievably biased you are, despite pretending that you're not. With your education in oil production and the oil process... knowing that a single company doesn't manage an oil lease... that there's a drilling company, a company that provides the staff, a company that provides the equipment, the company that repairs the equipment, the company who provides the maintenance to the fields, the geo-technical engineers, etc... you should know that pausing all new leases FROM DAY 1 going WELL into 2022 is what caused the insane gas prices... which directly affects the entire global market ... AS YOU SHOULD KNOW ... and increases inflation globally.
https://www.washingtontimes...-despite-pressure-b/
One of the things this article doesn't talk about, and one of the things I mention in the quote above in the previous response, is that we may have lost sweet crude production edge we had in the United States forever. At least to the level that we'd produced it in the past. Oil companies have found much better oil fields, like the massive one right off Guyana, and others... which are going to be far more beneficial (but more environmentally damaging) than if we had just drilled on the leases we wanted.[This message has been edited by 82-T/A [At Work] (edited 01-27-2024).]
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theBDub
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JAN 27, 09:37 PM
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Take a look at when production dropped and remind me of when Biden took office. Then observe the trend of production the entire time Biden’s been in office. Then review the light crude production remaining fairly stable, not dropping. I don’t know, man. It’s hard to take this conversation seriously.
https://www.eia.gov/todayin.../detail.php?id=61283
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Patrick
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JAN 27, 10:08 PM
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| quote | Originally posted by 82-T/A [At Work]:
Sigh, you guys are all completely wrong.
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Yes, but of course! 
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BingB
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JAN 28, 10:50 AM
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| quote | Originally posted by theBDub:
These are both good articles that show why the changes didn’t cause any changes to current production and wouldn’t impact the global commodity price (which is primarily related to supply) for years to come. The Forbes article even has a last line that specifically says this isn’t the reason for rising gas prices lol. |
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I also would like to thank Olejoedad for posting these articles that support my position.
Good job!
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BingB
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JAN 28, 11:04 AM
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| quote | Originally posted by 82-T/A [At Work]:
Dude, those articles are both almost 3 years old. Gas prices shot up to almost 5 dollars a gallon well after both of these articles were published. It is absolutely the reason why gas prices went up. The industry had been knee-capped and couldn't meet demand. I can't keep doing this because you guys ****ing forget from one day to the next a conversation we've had. Read the ****ing Petrolphobia page. I swear dude...
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It appears that the problem is you keep repeating false information.
The portion of the Keystone Pipeline that was shut down had nothing to do with domestic oil production.
None of the leases that Biden revoked were producing any oil.
The reduction in production by domestic oil companies was based on a decline in demand during covid, and the subsequent rise i prices was based on the fact that domestic oil companies did not make the investments to ramp back up to full production immediately. There was no Biden policy that prevented them from returning to full production. They still had the oilwells. Biden did not shut off any of them. They still had the refineries. Biden did not shut down any of them. They still have all pipelines that were being used for domestic oild production. Biden did not shut any of them down.
The oil companies, just like OPEC and Russia, kept production low to keep prices high. And they got the right-wing to run a propaganda program to blame Biden while they all screwed us over.
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