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^^^ This x1,000Russia has very little to do with the US economy. We had massive inflation before the "special military operation". It did impact oil supply but we were rising fast prior. It's almost like there was no energy plan coming out of useless lockdowns.
But it makes the masses 'feel good,' even as all of us engineers go face palm.Let's not approve the pipeline and new drilling permits and hope everyone gets annoyed and buys an electric car. Brilliant strategy 👏
Russia has very little to do with the US economy. We had massive inflation before the "special military operation". It did impact oil supply but we were rising fast prior. It's almost like there was no energy plan coming out of useless lockdowns. Let's not approve the pipeline and new drilling permits and hope everyone gets annoyed and buys an electric car. Brilliant strategy 👏
I'm talking specifically Russia. We have enough natural resources to glut the market here and push a country that is dependent on oil profits down. We stopped new oil permits, pipelines, etc on day one of the new administration. Started this esg program that is making it more challenging to finance oil exploration.
Pipelines mean less dependence on trucks transporting the oil (that takes oil/gas). Makes environmental sense to do them. We also have a trucker shortage which is why Walmart is paying $110k for new truckers. As far as the existing 9,000 permits that is a dumb narrative the democrats started. There is a long list of reasons why they might not be using them one being the obvious there is no oil there. They aren't just leaving profits which is asinine to think. The new oil permits are being tied down by this administration which is a fact. We should have been proactive last year knowing a demand was coming to get the leases approved. Even have government backed financing if needed for exploration.
You really need to look at the regulatory interference. Seriously. It's not capitalism, it's anti-industry! In fact, the industry has been barking at Biden, who Biden is still blaming for 'holding back.' No, it's literally an anti-industry strategy ...Oil companies are currently making major profits, unless you want to nationalize oil in this country, then what you are talking about is capitalism.
Even the courts have been repeatedly ruling against the Biden administration.I'm talking specifically Russia. We have enough natural resources to glut the market here and push a country that is dependent on oil profits down. We stopped new oil permits, pipelines, etc on day one of the new administration. Started this esg program that is making it more challenging to finance oil exploration.
Canadian natural gas and petroleum, yes. Because North America is how the EU and NATO has been planning to gain energy independence from Russia for the past couple of decades, based on the W. and Harper-Martin administration strategies promised to our allies.The pipeline you are talking about was for shitty Canadian oil, it wasnt US oil.
Do you understand why? Do you?!And wasnt remotely close to being completed.
Domestic energy companies have become small and lean. They are massively over-regulated, and that's not me saying it, but the courts.There are also up to 9000 unused oil well permits that arent currently being used. And why would they be used when oil companies are making money hands over fists?
It already has. Just like so many other things. That's because you wanted it to. You wanted it prevented. And guess what? You got it!Do you want the US to national our oil?
And there it is. This is why we are not only ****ed...If not, then how is it the fault of the government when private companies make money on the back of consumers?
The left have an answer for everything, and it can be the most hypocritical, anti-environment, country-destroying argument ... and they will still use it.Easy concept...they have competition and if profits are available they will explore, extract, refine, and deliver oil and gas. If you're limiting access to the supply they can't magically deliver oil and gas. This isn't even getting into the ESG push that is going to destroy our country.