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About Me

Found 7 results

  1. The federal oil reserves, kept for the nations and military use during emergencies is fixing ta get tapped according to president Biden... USA Today: Biden to release up to 180 million barrels of oil from reserve to drive down gas prices President Joe Biden has ordered the release of up to 180 million barrels of oil from the nation's emergency reserves over the next six months in a bid to provide relief to Americans from gas prices that have soared since Russia's invasion of Ukraine. Biden's order, announced Thursday, calls for the release of 1 million barrels of oil per day over the next six months from the Strategic Petroleum Reserve. The action will represent the largest release from the reserve in its nearly 50-year history. "This is a moment of consequence and peril for the world and pain at the pump for American families," Biden said. Gas prices at the pump have jumped by nearly $1 per gallon in the month since Russia's invasion of Ukraine and now average $4.20 per gallon, with even higher prices in some areas. The war means less Russian oil is getting to the market, and the reduction in supply is raising prices at the pump. apnews.com/article/business-ap-news-alert-biden-orders-release-of-oil Hopefully this will help keep the prices of not only vehicle fuel, but things like groceries likely to be hit by rising fuel prices from hurting too much in the coming months...
  2. NY Times: Biden Has ‘Only Bad Options’ for Bringing Down Oil Prices When President Biden meets Crown Prince Mohammed bin Salman in Saudi Arabia, he will be following in the footsteps of presidents like Jimmy Carter, who flew to Tehran in 1977 to exchange toasts with the shah of Iran on New Year’s Eve. Like the prince, the shah was an unelected monarch with a tarnished human rights record. But Mr. Carter was obliged to celebrate with him for a cause that was of great concern to people back home: cheaper gasoline and secure oil supplies. >>> During the 2020 campaign, Mr. Biden pledged to turn Saudi Arabia into a “pariah” for the assassination of a prominent dissident, Jamal Khashoggi. But officials said last week that he planned to visit the kingdom this summer. It was just the latest sign that oil has again regained its centrality in geopolitics. https://www.nytimes.com/2022/06/05/business/biden-oil-saudi-arabia.html By now I think just about everyone has noticed a bit of a bump not just in their vehicle fuel prices but in their home energy bills as well, if not stand by it's probably coming and annalists are warning that food, gas and energy prices are likely to go even higher at least through the Summer months...
  3. See this is the problem with globalism... ABC News: Russia cuts off gas exports to Finland in symbolic move Russia has halted natural gas exports to neighboring Finland HELSINKI -- Russia halted gas exports to neighboring Finland on Saturday, a highly symbolic move that came just days after the Nordic country announced it wanted to join NATO and marked a likely end to Finland's nearly 50 years of importing natural gas from Russia. The measure taken by the Russian energy giant Gazprom was in line with an earlier announcement following Helsinki’s refusal to pay for the gas in rubles as Russian President Vladimir Putin has demanded European countries do since Russia invaded Ukraine on Feb. 24. As other countries should have learned when China stated they would withhold medical protection equipment, (gloves, masks and gowns) and antibiotics and other medicine from the United States during the pandemic with a China state-run media outlet warning China 'could impose pharmaceutical export controls which would plunge America into “the mighty sea of coronavirus”... Then we saw the near shutdown of appliance and automobile manufacturing in the U.S. because of a "chip shortage", the majority of which are purchased from overseas sources. When a country controls the materials or resources other countries depend on to sustain their operations all it takes is someone from that supplying country deciding to flick a switch - or threatening to flick a switch to bring the economy of an importing nation to a near halt... Just a few years ago the news media and the government was touting "America's Energy Independence". Now the president is begging foreign nations, many of them less than friendly to the United States to sell us more oil. Currently America produces a great deal of light sweet crude oil, but most of our refineries are configured to process heavier sour crude oil and the government heavily regulates the construction of new refineries so none or few can be built to process our plentiful domestic product. I fully understand anyone, including nations, wanting to be able to get the biggest bang for their buck, but when doing so puts an entire nation at the mercy of foreign interests I feel that's a recipe for disaster.
  4. Back with the standard Democrat 'Tax the Rich, the Producers and give to the poor and unproductive' tagline, some Washington Democrats have proposed imposing a "tax on oil company profits"... Senator Sheldon Whitehouse, (D-RI): WITH GASOLINE PRICES SKY HIGH, WHITEHOUSE LEADS DEMOCRATS IN INTRODUCING CURB ON BIG OIL COMPANIES ENGAGED IN PROFITEERING TO PROVIDE RELIEF AT THE PUMP Big Oil Windfall Profits Tax would protect consumers from giant oil companies taking advantage of world events to jack up prices Washington, D.C. – With gas prices skyrocketing in recent days against a backdrop of continued Russian aggression in Eastern Europe, U.S. Senator Sheldon Whitehouse (D-RI) has introduced the Big Oil Windfall Profits Tax to curb profiteering by oil companies and provide Americans relief at the gas pump. The Senate legislation is cosponsored by Senators Jeff Merkley (D-OR), Elizabeth Warren (D-MA), Bernie Sanders (I-VT), Richard Blumenthal (D-CT), Tammy Baldwin (D-WI), Sherrod Brown (D-OH), Jack Reed (D-RI), Ed Markey (D-MA), Cory Booker (D-NJ), Michael Bennet (D-CO), and Bob Casey (D-PA). Congressman Ro Khanna (D-CA-17) will introduce the legislation in the U.S. House of Representatives. ... whitehouse.senate.gov/news/release/with-gasoline-prices-sky-high-whitehouse-leads-democrats-in-introducing-curb-on-big-oil-companies-engaged-in-profiteering-to-provide-relief-at-the-pump According to the press release from Sen. Whitehouse; The tax would only affect to companies that extract or import over 300,000 barrels of oil per day with smaller domestic producers which account for about 70% of domestic production would be exempt from the tax. American Exploration and Production Council CEO Anne Bradbury said the proposal may have the exact opposite of its intended effect saying: "Policies like a so-called windfall profits tax are misguided and would likely backfire by further driving up energy costs for American families and businesses," and Energy industry insiders at the CERAWeek by S&P Global conference in Houston last week repeatedly said the U.S. should move toward policies that encourage energy investment, in order to increase domestic production. Sen. Lisa Murkowski, (R-AK) also attended the conference and in her comments said: "If we say that we're going to put off limits our own energy opportunities, oil and gas and coal, than that makes us vulnerable," as I believe many countries in Europe, who now depend on oil and gas from Russia have discovered. I don't believe there is a single thing wrong with the pursuit of renewable, less polluting "green" energy... but I also believe their isn't anything wrong with being able to stay warm in our own homes, and afford to drive to and from places we need to go while we are chasing the presently elusive green energy. I don't even have a problem with attempting to tax exorbitant profiteering of the oil and gas industry - with the possible exception of the potential to drive up energy prices even higher if not done properly... and we are talking about the government here. forbes.com/2022/03/12/democrats-file-new-tax-on-alleged-windfall-profits-by-big-oil But ultimately does it really matter whether we derive our oil and gas from domestic sources -vs- begging nations who are and have proven themselves unfriendly to the United States for imports of oil and gas, at least climate wise? We will still be producing the same carbon foot print whether we're using domestic product or imported product from nations like Iran, Venezuela or Saudi Arabia... The only difference is if we produce the product domestically we are returning funds to U.S. companies hopefully employing more American workers and improving our economy - if we use product from some other nation we will be sending U.S. funds to those countries, employing foreign workers and improving their economy. And I don't think anyone needs to me a member of MENSA or some government brain trust to figure that out ~
  5. NPR: October 31, 2021 Biden says he worries that cutting oil production too fast will hurt working people After three days of meeting with world leaders in Rome, where he attended the G-20 summit, Biden said he is worried that surging energy costs are hurting working class families. "On the surface it seems like an irony," Biden said of simultaneously calling on major oil producers to pump more as he heads to the COP26 climate change summit. "But the truth of the matter is ... everyone knows that idea that we're going to be able to move to renewable energy overnight ... it's just not rational," he said. Biden said the idea that Russia, Saudi Arabia and other producers are holding back to boost prices "is not right." With gas prices averaging $3.40 a gallon in the US, according to AAA, Biden said families are feeling it. "It has profound impact on working class families just to get back and forth to work," Biden said. He talked about the issue with other major oil-consuming countries at the G-20, but told reporters he was reluctant to reveal any of their plans to spur producers to pump more. npr.org/2021/10/31/biden-says-he-worries-that-cutting-oil-production-too-fast-will-hurt-working-people Biden says "it's not right" oil producing nations like Saudi Arabia and Russia aren't boosting production so we can buy oil from them?!?! What happened to our "energy independence" the press was talking about the last few years... what changed? Oh yeah ~ Now president Biden is expressing concern about high gasoline and high heating oil and gas prices and the effect those prices are having on the poor and working people. Where was all of Biden's concern about the poor and working class people when president Biden revoked the Keystone XL pipeline permit which coincidently put thousands of Americans out of work and ended the possible employment of thousands more? Where was Biden's concern about American workers and his overwhelming concern for the environment when he waived sanctions on the Russian NS2 AG and Matthias Warnig pipeline in Europe?
  6. CNBC: OCT 6 2021 Americans are paying the most for gas in seven years The national average for a gallon of gas is at the highest since 2014. In some places Americans are paying more than $5 per gallon of gas. Gas prices are more than $1 higher than this time last year amid a jump in oil prices. https://www.cnbc.com/2021/10/06/americans-are-paying-the-most-for-gas-in-seven-years.html FOX: October 6, 2021 US considering releasing emergency oil reserves to lower gas prices, Granholm says US gas prices surged to $3.21 per gallon this week, marking the highest cost in seven years. The Biden administration is mulling a release of emergency oil reserves as one of several options to ease a global energy crisis that has resulted in surging prices for consumers, U.S. Energy Secretary Jennifer Granholm said on Wednesday. https://www.foxbusiness.com/markets/us-emergency-oil-reserves-lower-gas-prices-granholm
  7. Reuters: August 11, 2021 California's clean grid may lean on oil, gas to avoid summer blackouts California, struggling to balance its clean energy push with the need to boost tight power supplies and avoid rolling blackouts, will lean more on fossil fuels in coming weeks to keep the power on if scorching heatwaves stretch its grid. The Golden State, which has among the world's most aggressive environmental policies, faces a potential supply shortfall of up to 3,500 megawatts during peak demand hours in the coming weeks. That is about 2.6 million households worth of electricity supply. Gov. Gavin Newsom plans to fill that gap in part by allowing industrial energy users to run on diesel generators and engines, according to a recent emergency proclamation. The state says it is devising a plan to offset additional emissions through investments in air quality improvements. "We're getting additional reliability at the cost of additional environmental impacts from emissions," Seth Hilton, an attorney with Stoel Rives who represents energy companies in regulatory proceedings in California, said in an interview. reuters.com/business/energy/californias-clean-grid-may-lean-oil-gas-avoid-summer-blackouts-2021-08-11 Last year during the Summer months California had to abandon it's plans to do away with several fossil fuel energy plants and bring them back online to cope with the inadequate output of their "green energy power grid"... This year same same the green energy production facilities are and remain, inadequate to supply the state of California with it's energy needs. Like I and many others have been saying for years, at this time we do not have the technology or the means to supply California's - let alone our nation's energy needs without the use of the more polluting and hazardous oil, gas and nuclear facilities... and anyone who has been screaming for the elimination of nuclear and fossil fuel energy production should turn off their tech and their air conditioners, throw open their windows and pray for a breeze.
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