Biden succeeds again! My ongoing coverage of USA oil

Since the oil companies were able to achieve record production in spite of the Biden policies do you think they have plans to continue to "take care of business" moving forward? I'm sure they have a plan for "then what"

When I read transcripts of oil company's earnings calls they're not talking about spending money on drilling, they're talking about returning shareholder value. Pointing to lower production costs, healthy oil prices, reducing debt, stock buybacks, and increasing dividends.

What if the oil companies don't want to increase production and lower the price, what then?

Thoughts on US refining capabilities regarding less expensive heavy sour and more expensive light sweet?

It seems that Biden didn't have anything to do with the historic US oil production output, and if fact, put policy in place that made it harder for them to do business. What a shame.

I guess he's not all-powerful like MAGA said, and the deep state failed as well, sad.

  Apparently is was just a coincidence that the price of gas at the pump doubled and trippled shortly after brain dead Biden shut down the completion of the Keystone pipeline, the banned  new oil and gas leases, and the "Green New Deal"  - FACT CHECK: The Real Reason Behind High Energy Costs - Here is actually what’s behind the skyrocketing energy costs:(1)- President Biden killed the Keystone XL Pipeline. President Biden’s first executive order killed the Keystone XL Pipeline, contributing to the massive spike in energy prices. READ: Thanks to Bidenflation, Gas Now 50 Percent More Expensive President Biden targeted oil and gas workers.(2)- By banning new oil and gas leasing on federal land at the behest of Green New Deal enthusiasts, President Biden attacked blue-collar workers and their families by making energy less affordable. Democrats’ Green New Deal tax hikes will hammer middle-class families. Democrats’ want to give away ​​$550 billion in green welfare subsidies to special interests and the wealthy – literally sending government checks to the Top 1 percent and the biggest corporations. Wealthy individuals with up to $500,000 in income would enjoy their own green welfare, including a $12,500 check to buy a luxury electric vehicle. - https://waysandmeans.house.gov/2022/02/23/fact-check-the-real-reason-behind-high-energy-costs/

 These twenty-five Biden administration policies are raising energy costs - #1 and 2: Adopting new EPA oil and gas rules In November 2021, the Environmental Protection Agency announced new regulations governing methane emissions from oil and gas production, transmission, storage, and distribution that would cost more than $1 billion a year. Last spring, Biden signed a resolution that overturned Trump administration reforms to EPA oil and gas rules. This resolution will worsen energy poverty, reestablish burdensome regulations, and have a disproportionate impact on small businesses. #3, #4, #5, #6, #7, and #8: Restricting or impeding energy projects One of Biden’s first actions after taking office was to halt new oil and gas leases on federal lands and waters, the Biden administration has delayed decisions on these leases — a move that results in higher energy costs for the most vulnerable consumers. The administration canceled the Keystone XL pipeline and suspended oil and gas leases in the Arctic National Wildlife Refuge and New Mexico (despite opposition from the Navajo Nation). It also resurrected the “Waters of the United States” rule, which would increase barriers to energy projects. The White House is pursuing new standards for particulate matter and ozone, likely tightening them to unachievable levels for much of the country and creating new barriers for energy project permits.The president also has rescinded Endangered Species Act reforms, a move that will increase red tape and allow litigation to slow down energy projects. #9: Rejoining the Paris agreement In April 2021, without the consent of Congress, Biden rejoined the Paris agreement, which will result in onerous new regulations that could raise energy costs. #10: Appointing unaccountable energy regulators The president has created several bodies within the White House charged with creating new policies to regulate energy. The people who run these councils are unelected and do not need Senate confirmation, but they have been given broad powers to come up with new executive actions — which do not need consent from Congress — to regulate U.S. energy production.#11: Forcing states to restrict driving One section of the recently enacted Infrastructure Investment and Jobs Act, supported by the White House, would require every U.S. state to develop state carbon-reduction plans that must be approved by the U.S. Department of Transportation as well as be updated every four years. These plans are aimed at reducing driving all over the country — even for people in rural areas where public transportation is limited, and driving is the only option. #12, #13, and #14: Raising the prices of cars and trucks The Biden administration has failed to take adequate action on annual requirements and small refinery waivers for the Renewable Fuel Standard and in providing regulatory relief from this biofuel mandate due to economic hardship. His EPA has finalized a new rule regulating greenhouse gas emissions from cars and trucks. That single regulation could raise the average vehicle price by $1,000.#15: Instituting a new policy on carbon taxes in organized wholesale electricity markets This carbon pricing policy statement, issued by the Federal Energy Regulatory Commission in April 2021, is a blanket endorsement of top-down policies that have been demonstrated to be costly, ineffective, regressive, and consistently rejected by the American people. #16: Raising the prices of common household necessities The EPA has issued a final rule to phase out a common, inexpensive refrigerant. This policy is a de facto tax on air conditioning and refrigeration. #17: Stifling energy innovation In May 2021, Biden issued a sweeping executive order that mobilized federal agencies, including the Securities and Exchange Commission, to enforce mandates on businesses, insurers, retirement funds, and suppliers. These policies will stifle innovation critical to improving the environment and will increase costs for a wide variety of businesses.#18: Altering regulatory cost analyses The Biden administration has changed key inputs for economic and regulatory analysis, including raising the “social cost” of greenhouse gases. These policies will mask the true consumer cost of regulatory actions. #19 and #20: Imposing new costs on power generation The administration attempted to resurrect an aggressive version of the Clean Power Plan for power sector mandates called the Clean Electricity Standard. In the Fall 2021 Unified Agenda, the EPA stated their intention to propose what can be considered the Clean Power Plan 2.0. This policy would impose burdensome regulations but would have little or no environmental benefit. The EPA also has mandated that even facilities with reduced emissions must remain on the list of “major” sources, subjecting these facilities to permitting burdens and higher costs.#21: Impeding Americans exports The administration is considering potential restrictions on the export of crude oil that would increase, not decrease, energy prices. #22 and #23: Raising taxes More than one-quarter of the administration-backed Build Back Better agenda is pulled directly from the “Green New Deal.” The Build Back Better agenda includes new taxes on natural gas and home heating. It also includes new taxes on petroleum and manufacturing. #24: Picking energy winners and losers The Build Back Better agenda would spend taxpayer dollars to push utilities to adopt more costly, politically preferred forms of energy, a move that would reduce Americans’ energy choices.#25: Fueling the fire for future regulation Finally, through the Civilian Climate Corps, Build Back Better would fund the salaries of tens of thousands of anti-energy activists who would perpetuate high energy costs by demanding new and costly federal regulations and legislation. Unlike releasing oil from the Strategic Petroleum Reserve, these 25 steps are not just a “drop in the ocean.” They have made, and will continue to make, a significant impact on Americans’ ability to afford the energy products that fuel their lives and livelihoods. -- https://americansforprosperity.org/blog/biden-policies-raising-gas-prices/

    Google "What caused the esculation of energy cost after Biden took office? -and you will find plenty of verifiable articles which contradict your blatent lies about the rise in energy costs.

You can find "articles" on the internet that claim literally anything. Then you can cut and paste links to the articles that say what you want to hear. "Verifiable"? By whom?

And it's "escalation" and "blatant," dumdum.

 Christ, you are an asshole- Look, moron, from our own government offices -  https://waysandmeans.house.gov/2022/02/23/fact-check-the-real-reason-behind-high-energy-costs/

It's difficult to drill where it's not allowed.

A bunch of Republicans whining about Biden. Yeah, that's an objective "source" 😂😂😂