Biden considering emergency measures to boost refinery output

[Fanatical Meat]

Basic economics, restricted supply equals high prices for refined products. Want to bring down prices, increase supply of refined products.

Any thoughts about todays election results? Admittedly there is still some to be determined. What are your thoughts now?

 

[pcgeek11]

No More Drilling. At 46 seconds.

 

[MrSquished]

No More Drilling. At 46 seconds.

Oil companies have thousands of unused leases already, and it's refining capacity that is a huge roadblock here - not getting new leases to drill.

You never have the facts and this is why you are a shitty person. A walking lie.

 

[fskimospy]

No More Drilling. At 46 seconds.

Regardless of what he said there the facts are undeniable - Biden has approved drilling permits at a much faster rate than Trump did.

This is probably just a function of a competent administration vs. an incompetent one but it doesn't change the facts.

New Data: Biden’s First Year Drilling Permitting Stomps Trump’s By 34%

Center for Biological Diversity: Thousands of Permits OK’d Despite President’s Authority to End Drilling by 2035

biologicaldiversity.org

 

[pcgeek11]

Oil companies have thousands of unused leases already, and it's refining capacity that is a huge roadblock here - not getting new leases to drill.

You never have the facts and this is why you are a shitty person. A walking lie.

Where did I have it wrong? There was no lie.

I only quoted Biden with his exact words.

There is much more to it than the simple answer you posted.

Drilling Down on Federal Leasing Facts

The American Petroleum Institute (API) is the only national trade association that represents all aspects of America’s oil and natural gas industry. Our more than 600 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry.

www.api.org

 

[fskimospy]

Where did I have it wrong? There was no lie.

I only quoted Biden with his exact words.

There is much more to it than the simple answer you posted.

Drilling Down on Federal Leasing Facts

The American Petroleum Institute (API) is the only national trade association that represents all aspects of America’s oil and natural gas industry. Our more than 600 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry.

www.api.org

Uhmm, would you really take the word of a lobbying group? Like would you listen to PHRMA as to proper drug regulation?

 

[pcgeek11]

Uhmm, would you really take the word of a lobbying group? Like would you listen to PHRMA as to proper drug regulation?

Uhmmm, If you actually read the linked piece and go to the included referenced hot links that support their points.

The hot links are external to the API and support their findings and viewpoints.

 

[fskimospy]

Uhmmm, If you actually read the linked piece and go to the included referenced hot links that support their points.

The hot links are external to the API and support their findings and viewpoints.

I did read the linked piece. Lobbying groups always include links to support their claims! It's just that for obvious reasons you should not believe them because they have little to no incentive to represent the issue in an honest way.

This isn't a knock on lobbying groups, their entire purpose is to represent facts in a biased way favorable to their client, after all. They are just inherently untrustworthy organizations.

 

[Puffnstuff]

I think we would have to look at permits vs active sites for each administration to get a clearer picture on whether or not this one is hindering domestic crude production.

 

[IronWing]

Where did I have it wrong? There was no lie.

I only quoted Biden with his exact words.

There is much more to it than the simple answer you posted.

Drilling Down on Federal Leasing Facts

The American Petroleum Institute (API) is the only national trade association that represents all aspects of America’s oil and natural gas industry. Our more than 600 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry.

www.api.org

The author points out that production is up and increasing. The oil companies just want to win by more.

 

[pcgeek11]

It's just that for obvious reasons you should not believe them because they have little to no incentive to represent the issue in an honest way.

Neither does Biden.

Remarks by President Biden Announcing U.S. Ban on Imports of Russian Oil, Liquefied Natural Gas, and Coal | The White House

Roosevelt Room 11:25 A.M. EST THE PRESIDENT: Good morning, folks. Sorry to keep you waiting. I was on a couple of phone calls. Today I’m

www.whitehouse.gov

https://www.govinfo.gov/content/pkg/FR-2021-01-25/pdf/2021-01765.pdf

Why Oil Prices Are Surging but Investment is Drying Up

www.goldmansachs.com

Biden’s Biggest Climate Move: Signaling that Fossil Fuels Are Not the Future

This week, Biden sought to end the federal government's waffling on climate change with directives that went further than any previous administration.

time.com

The point of my OP was that he is saying No More Drilling while we are and should be drilling / fracking more. Instead of draining the National Reserves. Where as of Nov. 4th 2022 we were down to 396.22 Million Barrels.

US Crude Oil in the Strategic Petroleum Reserve Stocks Weekly Trends: Weekly Petroleum Status | YCharts

In depth view into US Crude Oil in the Strategic Petroleum Reserve Stocks including historical data from 1982 to 2025, charts and stats.

ycharts.com

 

[pcgeek11]

The author points out that production is up and increasing. The oil companies just want to win by more.

I know I read the article I posted and the associated links.

Why did Biden say No More Drilling?
I am puzzled by this statement and the drilling reality.

 

[fskimospy]

Neither does Biden.

Remarks by President Biden Announcing U.S. Ban on Imports of Russian Oil, Liquefied Natural Gas, and Coal | The White House

Roosevelt Room 11:25 A.M. EST THE PRESIDENT: Good morning, folks. Sorry to keep you waiting. I was on a couple of phone calls. Today I’m

www.whitehouse.gov

https://www.govinfo.gov/content/pkg/FR-2021-01-25/pdf/2021-01765.pdf

Why Oil Prices Are Surging but Investment is Drying Up

www.goldmansachs.com

Biden’s Biggest Climate Move: Signaling that Fossil Fuels Are Not the Future

This week, Biden sought to end the federal government's waffling on climate change with directives that went further than any previous administration.

time.com

The point of my OP was that he is saying No More Drilling while we are and should be drilling / fracking more. Instead of draining the National Reserves. Where as of Nov. 4th 2022 we were down to 396.22 Million Barrels.

US Crude Oil in the Strategic Petroleum Reserve Stocks Weekly Trends: Weekly Petroleum Status | YCharts

In depth view into US Crude Oil in the Strategic Petroleum Reserve Stocks including historical data from 1982 to 2025, charts and stats.

ycharts.com

We are drilling more. Oil production for this year looks to be just shy of the all time record!

As far as draining the reserve goes that was an A+ idea by Biden as it’s exactly what the reserve is for. Even better, he looks to be willing to pledge to refill it at a fixed price to protect production from price dips like what happened with the fracking boom. (One of the big reasons oil companies don’t want to invest in new production is they lost their shirts when the fracking boom drove prices down)

This is exactly what you do when you want to set up a long term production strategy. Use the reserve to mitigate price surges during a shortage, pledge to refill it at profitable prices for oil companies to promote long term production.

 

[IronWing]

I know I read the article I posted and the associated links.

Why did Biden say No More Drilling?
I am puzzled by this statement and the drilling reality.

We would have to know what he was responding to.

 

[pcgeek11]

We would have to know what he was responding to.

MSN

www.msn.com

“President Joe Biden made an apparently unscripted remark Sunday night that there will be ‘no more drilling’ under his watch, in response to someone in the crowd at his rally with Gov. Kathy Hochul (D-NY).
“‘No more drilling,’ he said, waving his hand with a back-and-forth motion. ‘There is no more drilling. I haven’t formed any new drilling.’”
“The person was holding up a sign that read, ‘5 more years of drilling is a lose-lose!,’ and could be heard yelling back at Biden about offshore leases. He responded, ‘that was before I was president. We’re trying to work on that to get that done. Thank you.’”

 

[pcgeek11]

Regardless of this other noise. When he says No More Drilling it is disturbing. We need oil currently as the Wind, Solar etc cannot support us yet.

 

[Pohemi]

Why did Biden say No More Drilling?
I am puzzled by this statement and the drilling reality.

We would have to know what he was responding to.

I'm guessing that what he meant was no more new permits/leases being issued. I don't know if it's what he meant, but it'd make sense.

Oil corps/refiners are already running near capacity, and hold many unused leases where they don't care to invest more on new drills/rigs. They want the price to remain high.

 

[fskimospy]

Regardless of this other noise. When he says No More Drilling it is disturbing. We need oil currently as the Wind, Solar etc cannot support us yet.

I agree, I think the good news is his actions do not match his words here.

I personally believe we should continue oil and gas exploration while heavily funding the overall transition to clean energy. You’re right though, we aren’t there yet and we need cheap, abundant energy until we are.

 

[MrSquished]

I agree, I think the good news is his actions do not match his words here.

I personally believe we should continue oil and gas exploration while heavily funding the overall transition to clean energy. You’re right though, we aren’t there yet and we need cheap, abundant energy until we are.

It has absolutely nothing to do with Biden though, and zero with what he said. No democrat with any real power is hampering oil production in any way, shape or form to be affecting us at the pump right now.

 

[fskimospy]

It has absolutely nothing to do with Biden though, and zero with what he said. No democrat with any real power is hampering oil production in any way, shape or form to be affecting us at the pump right now.

I agree!

 

[pcgeek11]

It has absolutely nothing to do with Biden though, and zero with what he said. No democrat with any real power is hampering oil production in any way, shape or form to be affecting us at the pump right now.

I agree!

Well the perception and negative messaging tend to reduce investments into the oil production business.

Would you invest in American coal production and mining?

 

[MrSquished]

Well the perception and negative messaging tend to reduce investments into the oil production business.

Would you invest in American coal production and mining?

You can't compare oil to coal. They aren't even in the same category.

Second, the oil companies have plenty of land to drill on already, and refiners need to introduce more refining capacity. But they are all enjoying record profits so they don't give a shit. That's the real problem. But that's the Republican way - ignore corporate greed and just blame Dems, because corporate greed and the GQP - they are one and the same.

 

[manly]

I agree, I think the good news is his actions do not match his words here.

I personally believe we should continue oil and gas exploration while heavily funding the overall transition to clean energy. You’re right though, we aren’t there yet and we need cheap, abundant energy until we are.

Meh, you're graciously giving him way too much credit. He explicitly compares oil production, which we currently need for transportation; and green energy, which is electricity production (of which a tiny portion does feed into EVs). Granted over the medium to long term, electrification of automobiles and "lorries" will indeed replace oil consumption with green energy sources. But that's really a decade+ out because our current uptake is pathetic, and BEVs are currently priced for the wealthiest 10%.

And it's not like the federal govt is going to oil patches and locking up all the oil rigs. Pres. Biden is well known for "gaffes" and he semi-regularly speaks off the cuff. As an aside, he looked great in the post-election presser (yesterday?) compared to some other times I've seen him talk.

 

[pcgeek11]

You can't compare oil to coal. They aren't even in the same category.

I didn't think I needed to, but Let me simplify this for you.

Nobody wants to invest in a product (any product) that is in decline. The coal industry is in serious decline.

Biden's administration has time and again vowed to get rid of the oil and petroleum industry and at best reduce it to a mere shell.

 

[MrSquished]

I didn't think I needed to, but Let me simplify this for you.

Nobody wants to invest in a product (any product) that is in decline. The coal industry is in serious decline.

Biden's administration has time and again vowed to get rid of the oil and petroleum industry and at best reduce it to a mere shell.

I'm really not sure how to explain to someone that an industry recording record profits is not in decline. An industry where if a cartel cuts production by a relatively small amount compared to overall production, can have such a profound effect around the world. Coal is nowhere in the conversation here. They literally cannot be used in the same sentence to be compared the way you are trying to. Not even the same paragraph or chapter. There are literally some midterm races so close that if gas prices continue to have gone down before Saudi Arabia decided to throw a monkey wrench before the midterms, could have come out differently. A lot of people voted just because gas prices started going up again and they blamed Biden. So yeah I think oil is not really a declining industry when it has such power over current events.

At some point I'll just have to have a kindergartener draw it in crayons for you if you are unable to understand a really simple point.