International [Oil & Gas News] America Achieved Energy Independence As The World's Top Oil Producer (2018-2019)

Pelosi says she's 'all for' banning Russian oil imports
BRIGID KENNEDY | March 3, 2022



House Speaker Nancy Pelosi (D-Calif.) made quite clear on Thursday where she stands regarding the prospect of a Russian oil embargo.

"I'm all for that. Ban it," Pelosi said in response to a question as to her stance on the issue. "Ban the oil coming from Russia, yeah."

The speaker is just the latest addition to what Politico has called a "growing chorus" of Democrats urging President Biden to ban Russian oil imports as punishment for Moscow's invasion of Ukraine.

For example, Sens. Joe Manchin (D-W.Va.) and Lisa Murkowski (R-Alaska) are introducing oil embargo legislation, in service of calls from "dozens of lawmakers" on both sides of the aisle.

Of course, such a ban could raise already-high U.S. gas prices — which would be bad news for Democrats and Biden, who are "battling nationwide inflation worries," writes Politico.

Biden himself hasn't explicitly ruled out an embargo, but White House Deputy Press Secretary Karine Jean-Pierre "downplayed the idea on Wednesday," alluding to possible pain at the pump.

Pelosi however, per Politico, argued that "the issue of the price of gas and the price of oil is directly related" to the Russian invasion. Not to mention, U.S. consumers needing to pay more doesn't exactly hold a candle to the death and destruction happening in Ukraine at the moment.

https://theweek.com/nancy-pelosi/1010887/pelosi-says-shes-all-for-banning-russian-oil-imports?amp
 
Congress Introduces Bill to Ban Russian Crude, Seeking to Squeeze Putin Revenue Source
By Lindsay Wise | March 3, 2022​



A bipartisan group of lawmakers from the House and Senate unveiled a bill Thursday that would ban domestic imports of Russian crude oil, petroleum, petroleum products, liquefied natural gas and coal, in a step aimed at choking a critical source of revenue for Russian President Vladimir Putin after his decision to invade Ukraine.

Sen. Lisa Murkowski (R., Alaska), who sponsored the Ban Russian Energy Imports Act with Sen. Joe Manchin (D., W.Va.) said that what distinguishes the bill from a flurry of others introduced in recent days is that it has supporters from both parties and both chambers of Congress.

"It means it actually has some legs," said Ms. Murkowski, the top Republican on the Senate Energy and Natural Resources Committee. Mr. Manchin chairs the panel.

"We're not going to send Russia any more U.S. dollars to help them kill innocent people," Ms. Murkowski said at a news conference Thursday. "This bill will do it."

The legislation would declare that a national emergency exists because Russia’s attack on Ukraine poses a threat to the security, foreign policy and economy of the U.S. During that period of emergency, the bill would require the president to prohibit imports of crude oil, petroleum, petroleum products, LNG and coal from Russia.

The bill exempts products that are already in transit or loaded at the time the law is enacted.

"Putin has weaponized energy," said Sen. Jon Tester (D., Mont.), one of the bill's co-sponsors. "I don't believe this country should be importing anything from Russia, but the fact of the matter is his energy is something that Putin depends upon for his finances, and he's depending on it to fight this war in Ukraine."

The Biden administration is weighing options to cut U.S. dependence on Russian oil without disrupting global supply, according to administration officials. But the administration has so far not endorsed a ban on Russian imports, warning of possible surges in energy prices.

Sen. Lindsey Graham (R., S.C.), another co-sponsor, said it would be a crippling blow to Mr. Putin if other countries banned Russian oil imports, as well.

"What I hope will happen over time is that the world will follow our lead here," Mr. Graham said. "If you hit him in the energy, the oil and gas sector of his economy, he will fail."

House Speaker Nancy Pelosi (D., Calif.) said earlier Thursday that she supports a ban on Russian oil imports. “I’m all for that -- ban it. Ban the oil coming from Russia,” she said during a news conference on Thursday.

A spokesman for Senate Majority Leader Chuck Schumer (D., N.Y.) didn't
respond to a request for comment.

Pressed by reporters Thursday about the consequences for U.S. consumers, who could see gasoline prices rise, Mr. Manchin said he would gladly pay 10 cents more a gallon to help the Ukrainians.

“This is war,” he said.

https://www.wsj.com/livecoverage/ru...eze-putin-revenue-source-ppUZbgVfQZTbpGTa6fN8
 
GOP wants to end Russian oil imports to US, boost domestic production to share with allies
Republican elected officials across the U.S. are criticizing President Joe Biden over his energy policies and want to ramp up domestic production as a way to help wean the nation and its allies off oil from Russia
By SEAN MURPHY and CATHY BUSSEWITZ, Associated Press | March 2, 2022​

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Republican elected officials across the U.S. are criticizing President Joe Biden over his energy policies and urging his administration to do more to ramp up domestic production as a way to help wean the nation and its allies off oil from Russia.

The sanctions imposed on Russia for its war with Ukraine so far do not include oil and gas exports from the country, a step that would severely hurt Russia’s ability to generate revenue.

Oklahoma's Republican Gov. Kevin Stitt and Ohio's GOP U.S. Sen. Rob Portman urged Biden this week to take steps to stop oil imports from Russia to the U.S., where drilling for oil and gas actually increased during Biden's first year in office.

“The recent events in Ukraine are yet another example of why we should be selling energy to our friends and not buying it from our enemies," Stitt wrote to Biden.

A similar letter urging Biden to immediately institute an embargo on all Russian energy exports was sent to the president by U.S. Reps. Tom Cole of Oklahoma and U.S. Sens. Jerry Moran and Roger Marshall of Kansas.

The U.S. gets 5% to 10% of its crude oil and refined products from Russia, a fairly small share that it could probably replace with other sources if Russian supply was cut off, said Jacques Rousseau, managing director at Clearview Energy Partners.

“It’s not as big a deal for the U.S as it is globally, because there are other countries that are much more reliant on Russian oil,” he said.

The U.S. does not import gas from Russia, but Europe relies on natural gas from Russia for a third of its supply.

Portman said it doesn’t make sense to import Russian oil after the Biden administration shut down the Keystone XL Pipeline as part of its wider efforts to combat climate change and its worsening effects. The pipeline would have transported 800,000 barrels of oil per day from Canada to U.S. refineries along the Gulf Coast.

“So, here we are cutting off our own North American energy supply while helping Russia by buying their oil,” Portman said.

In the Republican response to Tuesday's State of the Union address, Iowa Gov. Kim Reynolds referenced the desire for the U.S. to increase production and gain energy independence.

Biden has defended his decision to preserve access to Russian energy in order “to limit the pain the American people are feeling at the gas pump.” But when asked Wednesday whether he would consider banning Russian oil imports, Biden responded: “Nothing is off the table.”

Oil prices soared this week in response to Russia’s escalating war on Ukraine, increasing pressure on persistently high inflation across the world. U.S. benchmark crude oil jumped past $110 per barrel on Wednesday, the biggest single-day jump since May 2020 and the highest price since 2014. Brent crude, the international standard, surged 7.1% to $104.97.

The crisis in Ukraine prompted an extraordinary meeting on Tuesday of the International Energy Agency’s board, which resulted in all 31 member countries agreeing to release 60 million barrels of oil from their strategic reserves — half of that from the United States — “to send a strong message to oil markets” that supplies won’t fall short.

Despite the Republican criticism, drilling for oil and gas in the U.S. has actually increased since Biden took office, mainly due to increasing demand for fuel as the economy recovers from pandemic restrictions.

Natural gas production grew 2% in 2021, Biden’s first year in office, compared to the previous year, when Republican Donald Trump was in office. Exports of liquefied natural gas grew 42% in the first six months of 2021, compared to the same timeframe the year before, according to the U.S. Energy Information Administration. In late January of this year, oil production was up slightly compared to the same time a year ago.

The reasons vary. Companies cut back on drilling for oil and gas at the start of the pandemic, and many have not returned to their pre-pandemic drilling levels despite higher demand. That's partly because investors have been pressuring public companies to focus more on transitioning to renewable or cleaner energy sources. Companies that want to increase drilling for oil and gas are having a hard time finding rigs, trucks and workers.

Nevertheless, Republicans are calling for an expansion of oil and gas production as a security concern for the U.S. and its allies.

On Monday, 25 state attorneys general, led by Louisiana Attorney General Jeff Landry, wrote a letter opposing the Biden administration's proposed rule to ban the transport of liquified natural gas by rail care in the U.S. The letter also criticized Biden's order to pause new oil and natural gas leases on public land or in offshore waters.

Landry added that the freeze on new leasing and drilling permits on federal land and in the Gulf of Mexico deprives Louisiana and other states, mainly in the West, of revenue from lease payments, royalties and rentals. Roughly a quarter of US oil production and about 10 percent of its natural gas production comes from federal land.

In New Mexico, and its portion of the sprawling Permian Basin oilfield that has bolstered U.S. energy output over the past decade, the Russian invasion of Ukraine is increasing the impatience with federal delays on new oil and gas drilling on federal land.

New Mexico state Sen. Gay Kernan, a Republican and the daughter of an oil producer, said the Biden administration’s policies are restricting new oilfield investments even if current production is robust.

“It’s just such bad timing when Europe needs our energy,” she said. “We could provide the energy to Europe in a massive way, but you have to have the infrastructure in place and you have to be able to produce the natural gas.”

But our ability to export liquefied natural gas to Europe is limited, because our export facilities are already operating at capacity.

New Mexico is a major source of natural gas and overtook North Dakota last year as the No. 2 oil producer in the U.S., behind Texas.

This picture, too, is more complicated. Biden suspended new oil and gas leases on federal land when he took office, but a judge blocked that decision and drilling on public lands actually accelerated. And months before Biden was sworn in, oil and gas producers were stockpiling permits to be able to drill on federal land in anticipation of policies that would favor renewable energy.

In Utah, where more than half the land is federally owned, Republican state Senate President Stuart Adams said on Twitter that the state should be able to share its “ample natural gas" with allies of the U.S.

“We can not rely on Russia for energy when we can produce it ourselves," he added.

https://abcnews.go.com/amp/Politics...sian-oil-imports-us-boost-production-83207789


im all for this, but we should Tax the fuck out of that so American's can benefit. If not then this plan is stupid
 
LOL @ Manchin's assertion that "nobody knew" we had to import 600,000 barrels of Russian oil every day during the Biden administration.

May be the the Chairman of the Energy and Natural Resources Committee should read Sherdog more.

Also, Biden is scared that banning Russian oil will increase price at the pump, but still refusing thus far to sit down and work with domestic oil producers in any meaningful capacity to reduce gas prices, because he's afraid of the tree huggers who paradoxically prefers Russian and Saudi oil to American and Canadian oil.
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Democrats put pressure on Biden to ban Russian oil imports
There's now momentum in both parties to impose an embargo, but the White House warns a blockade could "raise prices at the gas pump for Americans.”



WASHINGTON — President Joe Biden faces growing calls from fellow Democrats to ban imports of Russian oil as lawmakers desperately try to find a way to stop President Vladimir Putin’s bloody war in Ukraine.

“It is so obviously apparent that we need to cut it off. I wonder if there’s a reason we haven’t [and] what the hell the reason is,” moderate Sen. Jon Tester, D-Mont., told NBC News on Wednesday.

Another centrist, Sen. Joe Manchin, D-W.Va., told reporters: “We should stop buying over 600,000 barrels [of Russian oil] a day in America. Can you believe that? No one knew that. No one paid attention to it. And that has to stop.”

Manchin, the chairman of the Energy and Natural Resources Committee, is teaming up with Sen. Lisa Murkowski of Alaska and other Republicans on legislation that would block the U.S. government and U.S. companies from importing any Russian crude oil or petroleum, according to a one-page draft obtained by NBC News.

Manchin and Murkowski are still finalizing the language and locking down co-sponsors, aides said. Several senators signaled that they are interested in backing the measure.

“We have to consider additional sanctions" on Russia’s oil and gas industry, said Sen. Bob Casey, D-Pa., adding that the Manchin-Murkowski bill is something he is taking under consideration.

Meanwhile, progressive Sen. Ed Markey, D-Mass., a leading champion of the Green New Deal, rolled out his own legislation — the Severing Putin’s Immense Gains from Oil Transfers (SPIGOT) Act — which would block imports of Russian oil and petroleum products and develop a strategy to prioritize clean energy alternatives.

Pressed about a potential Russia oil embargo, President Joe Biden replied Wednesday: “Nothing is off the table.”

But White House spokeswoman Karine Jean-Pierre later raised concerns about the possible repercussions.

“We don’t have a strategic interest in reducing the global supply of energy,” she told reporters traveling on Air Force One. “That would raise prices at the gas pump for Americans."

Rising inflation and high gas prices have been key concerns for Biden and the Democrats as they try to defend their fragile majorities in the House and the Senate in the November midterm elections. In his State of the Union address Tuesday night, Biden announced that the U.S. was working with 30 other countries to release 60 million barrels of oil in global reserves — half of which would come from the U.S. Strategic Petroleum Reserve.

“These steps will help blunt gas prices here at home,” Biden said.

Some congressional Democrats also are raising red flags about the economic consequences of turning off Moscow’s oil spigot. The U.S. and its European allies buy about $700 million worth of oil every day from Russia. The U.S. alone imports about 670,000 barrels of crude oil and petroleum products each day from Russia, according to the U.S. Energy Information Administration.

“The president last night was trying to insulate the American citizen, the American consumer, from suffering too much,” said Rep. Don Beyer, D-Va., the chairman of the Joint Economic Committee. “And I think the fear from the White House … is that if you cut off Russian oil, you could make people suffer too much and you could weaken our resolve to be a strong supporter of Ukraine".

Biden also needs to “be aware of the European consumer,” said Beyer, who was the U.S. ambassador to Switzerland during the Obama administration. “We don’t want to undermine the ability of our European allies to maintain a strong united front.”

While Democrats remain splintered, Republicans are unified behind such a blockade, raising the issue this week in news conferences, cable TV appearances and interviews in the Capitol.

It has become the perfect campaign issue for Republicans, who argue not only that an embargo is the moral thing to do but also that it highlights the need for Biden to boost domestic energy production by reversing course on drilling permits and the Keystone XL pipeline.

“We should commit to ending any import of Russian oil, but we need to open up American energy. And President Biden took that off the shelf,” Steve Scalise of Louisiana, the No. 2 Republican in the House, said Wednesday. “Raiding the Strategic Petroleum Reserve doesn’t move the needle, because it’s a finite resource, and ultimately it’s going to run out.

“What we need to do is open up more production in America so that we can undermine Putin’s ability to provide the world with oil,” said Scalise, whose state is a big energy producer.

Speaking to House conservatives, Robert O’Brien, who was former President Donald Trump’s national security adviser, argued that U.S. energy independence is a matter of national security.

“We’ve got to restart the Keystone pipeline. Call it the Biden Build Back Better pipeline — I don’t care. But we need the pipeline,” O’Brien said after his meeting with the Republican Study Committee.

“We’ve got to cut off the oil. It’s going to supply Vladimir Putin’s war machine,” he said.

In the House, Democrats across the political spectrum are echoing Biden’s line that everything should be on the table as Putin continues to launch missiles into civilian areas, driving hundreds of thousands of refugees into neighboring countries.

Rep. Ro Khanna, D-Calif., a leading progressive who has pushed for clean energy and fought to end fossil fuel subsidies, said he is “open to” a ban on Russian oil. Centrist Rep. Conor Lamb, D-Pa., a Senate candidate, said he is “looking into it.” And Rep. Stephanie Murphy, D-Fla., a leader of the moderate Blue Dog Democrats, said Congress should “look at the range of options” and that a ban is “one of the options.”

Rep. Jake Auchincloss, D-Mass., an Afghanistan war veteran, was more direct.

“Putin has taken a lot of body blows, but now it’s time to punch him in the face,” he said.

If Russia does not stand down and recognize Ukraine as a sovereign country, “we should embargo [Russian] oil immediately,” he said. “We should ban oil and gas in consultation with our OPEC and European allies.

“Those sanctions are going to demonstrate that the free world is behind the Ukrainian people, and they are going to rock the foundation of the Kremlin.”

https://www.nbcnews.com/news/amp/rcna18448
 
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Well it should go to paying for developing Clean energy progams an fixing the national debt. Also upping the Taxes on oil an gas profits would be good too

Did you research on the federal and state severance taxes on each barrel of crude oil extracted from the ground in your state to see where the money goes? Scratch that, did you voted at the poll to determine where your state's oil and gas revenue goes? :)

In additional to what the government charge the oil company for each barrel, 1/3 of our gasoline price at the pump is also government taxes and fees. It's up to each state to invest that revenue where they need it, and environmental programs are certainly part of it for most states. (For Californians, the most recent gas tax hike approved by voters went to infrastructure repairs, on top of the carbon emission reduction initiatives).

When it comes to energy, you don't have to remind our federal/state/local governments that there's tax revenue to be made. The figures below for my state are from last year, which is even higher now.
---

How much are you paying in taxes and fees for gasoline in California?

90


Irvine-based firm says the amount comes to $1.19 per gallon and some of those costs are associated with state programs to reduce greenhouse gas emissions.

https://www.sandiegouniontribune.co...and-fees-for-gasoline-in-california?_amp=true
 
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LOL @ Manchin's assertion that "nobody knew" we had to import 600,000 barrels of Russian oil every day during the Biden administration.

May be the the Chairman of the Energy and Natural Resources Committee should read Sherdog more.

Also, Biden is scared that banning Russian oil will increase price at the pump, but still refusing thus far to sit down and work with domestic oil producers in any meaningful capacity to reduce gas prices, because he's afraid of the tree huggers who paradoxically prefers Russian and Saudi oil to American and Canadian oil.
---

Democrats put pressure on Biden to ban Russian oil imports
There's now momentum in both parties to impose an embargo, but the White House warns a blockade could "raise prices at the gas pump for Americans.”



WASHINGTON — President Joe Biden faces growing calls from fellow Democrats to ban imports of Russian oil as lawmakers desperately try to find a way to stop President Vladimir Putin’s bloody war in Ukraine.

“It is so obviously apparent that we need to cut it off. I wonder if there’s a reason we haven’t [and] what the hell the reason is,” moderate Sen. Jon Tester, D-Mont., told NBC News on Wednesday.

Another centrist, Sen. Joe Manchin, D-W.Va., told reporters: “We should stop buying over 600,000 barrels [of Russian oil] a day in America. Can you believe that? No one knew that. No one paid attention to it. And that has to stop.”

Manchin, the chairman of the Energy and Natural Resources Committee, is teaming up with Sen. Lisa Murkowski of Alaska and other Republicans on legislation that would block the U.S. government and U.S. companies from importing any Russian crude oil or petroleum, according to a one-page draft obtained by NBC News.

Manchin and Murkowski are still finalizing the language and locking down co-sponsors, aides said. Several senators signaled that they are interested in backing the measure.

“We have to consider additional sanctions" on Russia’s oil and gas industry, said Sen. Bob Casey, D-Pa., adding that the Manchin-Murkowski bill is something he is taking under consideration.

Meanwhile, progressive Sen. Ed Markey, D-Mass., a leading champion of the Green New Deal, rolled out his own legislation — the Severing Putin’s Immense Gains from Oil Transfers (SPIGOT) Act — which would block imports of Russian oil and petroleum products and develop a strategy to prioritize clean energy alternatives.

Pressed about a potential Russia oil embargo, President Joe Biden replied Wednesday: “Nothing is off the table.”

But White House spokeswoman Karine Jean-Pierre later raised concerns about the possible repercussions.

“We don’t have a strategic interest in reducing the global supply of energy,” she told reporters traveling on Air Force One. “That would raise prices at the gas pump for Americans."

Rising inflation and high gas prices have been key concerns for Biden and the Democrats as they try to defend their fragile majorities in the House and the Senate in the November midterm elections. In his State of the Union address Tuesday night, Biden announced that the U.S. was working with 30 other countries to release 60 million barrels of oil in global reserves — half of which would come from the U.S. Strategic Petroleum Reserve.

“These steps will help blunt gas prices here at home,” Biden said.

Some congressional Democrats also are raising red flags about the economic consequences of turning off Moscow’s oil spigot. The U.S. and its European allies buy about $700 million worth of oil every day from Russia. The U.S. alone imports about 670,000 barrels of crude oil and petroleum products each day from Russia, according to the U.S. Energy Information Administration.

“The president last night was trying to insulate the American citizen, the American consumer, from suffering too much,” said Rep. Don Beyer, D-Va., the chairman of the Joint Economic Committee. “And I think the fear from the White House … is that if you cut off Russian oil, you could make people suffer too much and you could weaken our resolve to be a strong supporter of Ukraine".

Biden also needs to “be aware of the European consumer,” said Beyer, who was the U.S. ambassador to Switzerland during the Obama administration. “We don’t want to undermine the ability of our European allies to maintain a strong united front.”

While Democrats remain splintered, Republicans are unified behind such a blockade, raising the issue this week in news conferences, cable TV appearances and interviews in the Capitol.

It has become the perfect campaign issue for Republicans, who argue not only that an embargo is the moral thing to do but also that it highlights the need for Biden to boost domestic energy production by reversing course on drilling permits and the Keystone XL pipeline.

“We should commit to ending any import of Russian oil, but we need to open up American energy. And President Biden took that off the shelf,” Steve Scalise of Louisiana, the No. 2 Republican in the House, said Wednesday. “Raiding the Strategic Petroleum Reserve doesn’t move the needle, because it’s a finite resource, and ultimately it’s going to run out.

“What we need to do is open up more production in America so that we can undermine Putin’s ability to provide the world with oil,” said Scalise, whose state is a big energy producer.

Speaking to House conservatives, Robert O’Brien, who was former President Donald Trump’s national security adviser, argued that U.S. energy independence is a matter of national security.

“We’ve got to restart the Keystone pipeline. Call it the Biden Build Back Better pipeline — I don’t care. But we need the pipeline,” O’Brien said after his meeting with the Republican Study Committee.

“We’ve got to cut off the oil. It’s going to supply Vladimir Putin’s war machine,” he said.

In the House, Democrats across the political spectrum are echoing Biden’s line that everything should be on the table as Putin continues to launch missiles into civilian areas, driving hundreds of thousands of refugees into neighboring countries.

Rep. Ro Khanna, D-Calif., a leading progressive who has pushed for clean energy and fought to end fossil fuel subsidies, said he is “open to” a ban on Russian oil. Centrist Rep. Conor Lamb, D-Pa., a Senate candidate, said he is “looking into it.” And Rep. Stephanie Murphy, D-Fla., a leader of the moderate Blue Dog Democrats, said Congress should “look at the range of options” and that a ban is “one of the options.”

Rep. Jake Auchincloss, D-Mass., an Afghanistan war veteran, was more direct.

“Putin has taken a lot of body blows, but now it’s time to punch him in the face,” he said.

If Russia does not stand down and recognize Ukraine as a sovereign country, “we should embargo [Russian] oil immediately,” he said. “We should ban oil and gas in consultation with our OPEC and European allies.

“Those sanctions are going to demonstrate that the free world is behind the Ukrainian people, and they are going to rock the foundation of the Kremlin.”

https://www.nbcnews.com/news/amp/rcna18448

They Keystone XL pipeline won't be finished until 2030 so how is that going to help with gas prices in the short term?
 
They Keystone XL pipeline won't be finished until 2030 so how is that going to help with gas prices in the short term?

If you can only think in short term instead of having a long-term vision, you deserves to have all the volatility and unpredictability that comes with it.

Just the mere attitude of the leaders of the country towards a particular sector would have profound effects on the investments made in that sector. Nobody would want to pour billions into something that can be evaporated with a stroke of a pen.
 
Banning Russian exports Is the only way the ccp can somewhat minimise the shitstorm that is heading in the direction of the Chinese economy in the next 10 years.

An economic shitstorm caused by no one else but the ccp, the same govt that is perceived as the smartest, most efficient, and effective government in the world by cucked white men who have been worn down to a knub by the american feminazi movement.

 
If you can only think in short term instead of having a long-term vision, you deserves to have all the volatility and unpredictability that comes with it.

Just the mere attitude of the leaders of the country towards a particular sector would have profound effects on the investments made in that sector. Nobody would want to pour billions into something that can be evaporated with a stroke of a pen.
Even in the long term the Keystone XL pipeline would have at best a tiny effect on gas prices in the US while OPEC has by far the biggest effect on gas prices in the short term and the long term. For gas prices to fall significantly OPEC has to increase production.
 
Now if only Canada would do the same. Revive the Energy east pipeline and say "fuck you to Quebec" if they don't like it. Triple our refineries and ability to refine bitumen. Fuck off with green shit that doesn't work or move the needle.

Im pro environment, but Carbon tax does nothing and not taking advantage of our own oil while just buying it by the ton from overseas so THEY can be held responsible for emissions instead just passes the buck and does nothing to cut emissions.
I’m pretty much neutral on whether Canada should replace foreign fossil fuels with so-called renewable sources powering a further electrification, or home developed oil products, but OBVIOUSLY what we shouldn’t be doing is shipping fuel from the worst countries around the world.

We’re stuck in some kind of stupid trap where we can’t develope our own fuels, because they are bad, and can’t make up the shortcomings with the good alternative, and so do the worst thing on all fronts.

While I'm in complete agreement that the West should be able to buy Canadian crude instead of padding despotic dictators' pocket, I'm not so sure Canada would ever have a government that dares to tell Quebec what to do, to be honest.

Hell, the Trans Mountain pipeline is now on ice, after years of fighting with the BC Nimbys and billions down the drain.
 
If you can only think in short term instead of having a long-term vision, you deserves to have all the volatility and unpredictability that comes with it.

Just the mere attitude of the leaders of the country towards a particular sector would have profound effects on the investments made in that sector. Nobody would want to pour billions into something that can be evaporated with a stroke of a pen.

Canada's federal government is doing the same thing. People need to realize this is a win-win for the current north American political leaders who have been actively trying to squash domestic O&G development. High fuel prices causes to consumers to make greener choices.
The prices will continue upward with no help from our governments.
 
While I'm in complete agreement that the West should be able to buy Canadian crude instead of padding despotic dictators' pocket, I'm not so sure Canada would ever have a government that dares to tell Quebec what to do, to be honest.

Hell, the Trans Mountain pipeline is now on ice, after years of fighting with the BC Nimbys and billions down the drain.

No foreseeable government is willing to argue against Quebec, and they are extremely happy not developing resources, scoring points opposing others doing the same, and receiving ludicrous amounts of money for the wild underperformance of what should be an extremely prosperous province from those doing the things they oppose.

But, what are you going to do? They’re a whiny, fragile people.
 
It’d help a lot if Americans/westerners drove smaller cars and hybrids.

Sure it’s a bit daunting to start using a full ev but hybrids still take fuel and are very reliable.

Also the increased use of SUVs and other large vehicles has been a catastophe for the environment and road safety.
 
Domestic production had already slowed in 2020 before Biden was even President because of covid and profit taking by oil companies. Oh yeah Domestic production will increase this year now that Biden is President and not decrease.
Only now that oil prices have been high for about a year now. Oil majors are rolling in money and that’s a tax on working people. Guess it’s ok if you think Biden is actually doing anything about this. But that is you being wrong as usual
 
Canada's federal government is doing the same thing. People need to realize this is a win-win for the current north American political leaders who have been actively trying to squash domestic O&G development. High fuel prices causes to consumers to make greener choices.
The prices will continue upward with no help from our governments.

People will vote with their wallets.

Higher energy prices more severely impact the middle class and under... Who can't afford the electric options anyway. For fucks sake, you can't even hardly buy a used car right now, forget the new electric vehicles.

Biden will be seen as a greater failure of a President than Carter when it's all said and done.
 
People will vote with their wallets.

Higher energy prices more severely impact the middle class and under... Who can't afford the electric options anyway. For fucks sake, you can't even hardly buy a used car right now, forget the new electric vehicles.

Biden will be seen as a greater failure of a President than Carter when it's all said and done.
I'm sure the chip shortage affects EVs also. I'm starting to think they want us to just stay home. First covid lockdowns and now fuel so high you can't go anywhere.
One positive for me is I'll bet the lakes won't be super busy thos spring and summer lol. I filled my boat 64 gallons a few weeks ago. It will get me through summer without having to add more fuel until late summer.
My cummins gets 15mpg is what it is I guess. These prices are going to hit low income people super hard.
 
If you can only think in short term instead of having a long-term vision, you deserves to have all the volatility and unpredictability that comes with it.

Just the mere attitude of the leaders of the country towards a particular sector would have profound effects on the investments made in that sector. Nobody would want to pour billions into something that can be evaporated with a stroke of a pen.

The longterm vision is to move us off oil.
 
I see potential price controls and gas lines in our future.

This is knee jerk uninformed idiocy from congress.

For the love of god, AFFORDABLE green energy is at minimum 10 years off. In one year, if the build back better insanity is openly denounced (such as the democrat hatred of police was recently denounced by Biden) our great oil and gas companies can solve this problem if we allow them.

All you have to do is admit that profits are good. Responsible use of fossil fuels is good. Jesus Christ this is a clown show.
 
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