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Old 05-05-2022 | 11:46 AM
  #701  
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Originally Posted by TomZ
Gotta love the closing of the article....--
...but won't buying the oil back worsen the deficit?

WTF is going on!!!

You simply cannot make this up!!!!
--

Clearly, the country is being run by those that live in fantasy land. Or, they're doing on purpose. I'm leaning toward the latter.
They are doing it on purpose.

Biden just called us ‘magas…..the largest terrorists group on our society.’ He did it several times last few days. Even beaded yo his eyes and scrunched his face in ‘disgust.’

Fk’m. I’m done appeasing these schits.
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Old 05-05-2022 | 07:46 PM
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Originally Posted by offshoredrillin
it's purposeful, that way the people/idiots will be thankful for whatever the gov gives them... its how they usher in socialism, buy cutting off supply chains little by little.

Rob, you dam right it's on purpose. We are all living the destruction in real time . I think I can collectively say everyone here are hard workers ,some more than others and our way that we live live our lives is being destroyed . Question is ...what can we do ? Stock up ? Cut back ? where ?

I am a firm believer in a Civil war thats has to got HOT. No more bending to this ideology of Wokers.


As much as I don't want that to happen ,that is exactly what the Tree of Liberty needs, fresh blood . I am sure many of you have family that served this country and I say Thank you for the live's they given to provided me with the freedom I do graciously appreciate.


This LGOQVFXEYR+ AND WOKERS have zero appreciation as to whaT many fought for, FREEDOM AND LIBERTY !
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Old 05-06-2022 | 05:47 AM
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Originally Posted by SB
They are doing it on purpose.

Biden just called us ‘magas…..the largest terrorists group on our society.’ He did it several times last few days. Even beaded yo his eyes and scrunched his face in ‘disgust.’

Fk’m. I’m done appeasing these schits.
exactly, that's why they are trying to hang so much around his neck to make sure he doesnt/cant run again, the same as the russia collusion hoax was a weaponization of congress and the legal system.. all the left does it tie everything up in litigation.
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Old 05-06-2022 | 10:31 AM
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The origins explained.🤣
Even a little metaphorical.




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Old 05-12-2022 | 07:58 AM
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White House Cancels Energy Projects;

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TALK ABOUT BAD TIMING: As gasoline prices hit record highs yesterday, the Biden Administration announced that it is cancelling plans to drill for oil in Alaska’s Cook Inlet and has halted plans for new leasing in the Gulf of Mexico.

THE ALASKA OFFSHORE LEASE PLAN would have opened drilling opportunities over a span of more than 1 million acres for 40 or more years of production. The new activity would have led to new underwater pipelines and platforms in the environmentally-sensitive area, according to CBS News, which broke the story.

DECISIONS WERE DUE NEXT MONTH for the Alaskan leases and two other projects in the Gulf of Mexico, but the Interior Department cited conflicting court rulings and a lack of interest among drillers, which energy officials adamantly denied.

A TOP OFFICIAL at the American Petroleum Institute called the move “another example of the administration’s lack of commitment to oil and gas development in the US.” He added that Biden has failed to take steps to increase supply — a hot political issue.
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Old 05-12-2022 | 08:38 AM
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Gulf State OPEC Members Sound Alarm About Dwindling Global Energy Capacity


BY TYLER DURDEN
THURSDAY, MAY 12, 2022 - 09:28 AMAuthored by Bryan Jung via The Epoch Times,

Saudi Arabia and the United Arab Emirates warned earlier this week that their spare energy capacity is decreasing in all energy sectors as key producers reduce investment in fossil fuels, pushing oil, diesel, and natural gas to trade at near-record highs.


Brent oil was trading at around $102 a barrel as they spoke.“I am a dinosaur, but I have never seen these things,” said Saudi energy minister Prince Abdulaziz bin Salman to Bloomberg on May 10, at an OPEC conference in Abu Dhabi.
The prince was referring to the surge in prices for refined oil products, in particular in the United States, where gas and diesel prices are hitting a record high, causing problems for the Biden administration.
“The world needs to wake up to an existing reality. The world is running out of energy capacity at all levels,” said the Saudi minister.
Suhail al Mazrouei, the UAE’s energy minister, said to Bloomberg at the same conference, that without additional global investment, OPEC+ would not be able to guarantee sufficient supplies of oil for its customers as the world economy fully recovers from the pandemic.
“We’ve been warning about the lack of investment,” said al Mazrouei, and “that lack of investment is catching up with a lot of countries.”
The two ministers also hit back at new U.S. congressional legislation intended to target the oil cartel and regulate energy output, claiming that the bill would bring greater chaos to already strained energy markets.

Of the major producers, Saudi Arabia and the UAE are among the few producers investing in greater output and together, are spending billions of dollars to boost crude capacity by 2 million barrels a day by the end of this decade.

The other producers are struggling with investments, as Western shareholders and governments push for a transition from fossil fuels to “green” energy.

OPEC+ announced a 432,000 barrel-a-day increase for June at its meeting on May 5, but it’s struggling to reach even that monthly target, as many members are producing below their quotas.

The 23-nation energy alliance fell short of its production quotas by 2.59 million barrels per day in April, according to the latest OPEC+ survey by S&P Global Commodity Insights.

The UAE minister still believes that there is no serious market crisis at the moment and that OPEC has little urgency to boost oil production.

However, several key importers disagree, especially the EU, U.S., and Japan, which have been demanding a more rapid increase in output from OPEC+ since last year.

The same nations have at the same time imposed sanctions on Russia a lead OPEC member, after its invasion of Ukraine at the end of February.

The EU has recently announced an even more punitive ban on Russian energy imports this month.

Crude prices have risen more than 35 percent this year to a high of around $105 a barrel since sanctions were placed on Moscow over Ukraine.

The G7 nations have lobbied OPEC+ to punish Russia, but the Saudis and the UAE reiterated that the cartel would not allow geopolitics to affect its decisions.

Al Mazrouei blamed the politicization of the oil market for the latest rise in prices and declared that OPEC+ was unified and that all members have pledged not to hike output on there own.
“We are together,” he said. “Trust me. No one can unilaterally increase production unless they’re intending to break the alliance,” said the UAE minister.

“We are getting a fraction of what the companies and governments are making from those extra taxes,” he said.
The minister said that it was wrong to blame crude oil producers and that high taxes in consuming nations were to blame for skyrocketing fuel prices.

He also told CNBC that the revival of a proposed bill in Washington could push oil prices by as much as 300 percent.

Top OPEC ministers have hit back at new U.S. legislation intended to regulate oil output and that OPEC was being unfairly targeted over the energy crisis, saying that such efforts would bring chaos to energy markets.

A U.S. Senate Committee greenlighted the new bipartisan No Oil Producing and Exporting Cartels (NOPEC) bill on May 5 with a 17-4 majority, the first step towards passage of the decades-old proposal.

It now needs to be passed by the full Senate and the House, before being signed into law by the president.

The proposed bill aims to protect U.S. consumers and businesses over the manipulation of energy prices and would allow the U.S. government to open an antitrust suit against OPEC over its control of the majority of the world’s oil supply and prices.
“If you hinder that system, you need to watch what you’re asking for, because having a chaotic market you would see … a 200 percent or 300 percent increase in the prices that the world cannot handle,” said Al Mazrouei to CNBC at the World Utilities Congress in Abu Dhabi.

“We, OPEC+, cannot compensate for the whole 100 percent of the world requirement,” he said.

“How much we produce, that is our share. And, actually, I would bet that we are doing much more.”
The UAE and Saudi energy ministers issued a joint statement, saying that both OPEC and non-OPEC members should work together to handle the ongoing energy crisis.

“I’m very concerned about the holistic energy system existing today,” said Prince bin Salman, who added that “the world needs to work collectively, responsibly, comprehensively in providing us and salvaging the world economy.”
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Old 05-12-2022 | 08:46 AM
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The thing about this, it doesn't do chit to help the lack of oil now but will in the future. I worry about that more then the current prices, with this prices will rise more in the years coming.

Originally Posted by Marginmn

White House Cancels Energy Projects;

Print
TALK ABOUT BAD TIMING: As gasoline prices hit record highs yesterday, the Biden Administration announced that it is cancelling plans to drill for oil in Alaska’s Cook Inlet and has halted plans for new leasing in the Gulf of Mexico.

THE ALASKA OFFSHORE LEASE PLAN would have opened drilling opportunities over a span of more than 1 million acres for 40 or more years of production. The new activity would have led to new underwater pipelines and platforms in the environmentally-sensitive area, according to CBS News, which broke the story.

DECISIONS WERE DUE NEXT MONTH for the Alaskan leases and two other projects in the Gulf of Mexico, but the Interior Department cited conflicting court rulings and a lack of interest among drillers, which energy officials adamantly denied.

A TOP OFFICIAL at the American Petroleum Institute called the move “another example of the administration’s lack of commitment to oil and gas development in the US.” He added that Biden has failed to take steps to increase supply — a hot political issue.
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Old 05-12-2022 | 08:56 AM
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Bipartisan? WTH


Originally Posted by Marginmn
A U.S. Senate Committee greenlighted the new bipartisan No Oil Producing and Exporting Cartels (NOPEC) bill on May 5 with a 17-4 majority, the first step towards passage of the decades-old proposal.

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Old 05-12-2022 | 09:14 AM
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Originally Posted by Wildman_grafix
Bipartisan? WTH
more about it:
https://www.leahy.senate.gov/press/b...iary-committee
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Old 05-12-2022 | 09:29 AM
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And how do they enforce this NOPEC against a foreign entity? Cut off their supply to the US?? That would be great if the US was energy independent....but that's not the case so we will suffer when they tell the US to go pound sand!
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