Biden Won't Allow Production - OPEC Starts Cutting

Someone please educate me on this. The OP states that the President stopped oil production. I was under the impression that it was the oil companies themselves that control production, and the government can’t tell the oil companies how much oil to pump.

 

That is only in capitalist countries

 

Hilarious, Saudi Arabia and Venezuela individually have 4 times more oil reserves than the US, and there are 4 other opec nations ranked above the US, along with Russia…. And he’s like “we have more oil than all of them combined… “. Just wow.

 

So thus far, the OP has claimed that we have stopped oil production (we haven't, in fact, we have increased oil production over the last year substantially), that we were energy independent when we were importing huge amounts of oil (and that we aren't now despite the fact that we still export more than we import), and that we have more reserves than OPEC combined (when we don't have the same amount of oil reserves as multiple individual members of OPEC). Also, he has said everybody else is uninformed. I think that should just about do it for this thread.

 

This pretty much puts what you said into actual numbers and graphs. Just thought I’d provide the data. My father; a UF Engineer had a picture behind his desk of a quote by Walter Demming. “In God We Trust; all others need data”.

Short-Term Energy Outlook - U.S. Energy Information Administration (EIA)

 

More like Governor of France

 

Let's start with oil production. How many barrels were we producing when Biden took office? How many barrels are we producing now?

 

Poster is full of fail.... again. Link #1 to delusional election denier Jim Banks, who falsely wrote letters to Congressmen stating he was on the 1/6 committee and that Pelosi was the driving force for the insurrection = lunatic. Link #2 In the link from 2021 " Biden’s moratorium on oil and gas leases won’t end fossil fuel extraction since industry leaders currently hold undeveloped leases." Production has not fallen. Try again. LOL. Link #3 A bought and paid for by oil and gas corporation "Institute" opinion that disagrees? Really.
#4 Same as #3.
All poster's claims have been proven false ( see post #44) as are these justifications. Sigh.

 

https://www.washingtonpost.com/climate-environment/2022/01/27/oil-gas-leasing-biden-climate/

 

Care to explain how Biden issuing more drilling permits than Trump proves that Biden has stopped production?

 

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W

Biden took office in January of 2021. Domestic oil production was at 11 million barrels per day.

As of last week, domestic oil production was at 12 million barrels per day.

Domestic oil production has gone up while Biden has been in office.

 

Yes, Trump slashed production and Biden has been increasing it. You need to show that to guy who was on here earlier saying that Biden stopped oil production.

You still haven't told us how you are defining energy independence. You claimed that we were energy independent under Trump and not under Biden. How are you defining energy independence?

 

US production has been trending toward private and State owned lands. Currently, of the 35 million acres of Federally leased lands, about 60% of them aren't actively producing. By all means, let's auction off more Federal land leases.

What Oil CEO in their right mind is going to spend more money on capital and labor to drive down your incredibly fat profit margins with oil at $90/barrel? You're not going to see a return to 2020 pricing as too many oil and gas exploration companies got burned and went out of business.

Over 100 oil and gas companies went bankrupt in 2020

 

Yeah, Trump really put a lot of oil companies out of business.