https://www.marketforum.com/forum/topic/89801/
I thought we should have this topic for both forums.
When I read that Biden is releasing more SPR oil, for the first time since Trump was beaten in 2020, I actually wished briefly that Trump was president.
That's how bad Biden is.
Then, I got control of my sanity back (-:
metmike: People would have to be blind to not see Biden using our SPR as a political tool to help him and his party and screw American energy security...........and then, have the audacity to tell us that it's " to Strengthen U.S. Energy Security" the complete opposite of what he's been doing since he took office.
https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(United_States)
The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world, and its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m3).[1] The United States started the petroleum reserve in 1975 to mitigate future supply disruptions as part of the international Agreement on an International Energy Program, after oil supplies were interrupted during the 1973–1974 oil embargo.[2]
The current inventory is displayed on the SPR's website.[3] As of September 23, 2022, the inventory was 422.6 million barrels (67,190,000 m3).
Joe Biden:
Becoming more dependent on foreign oil = US energy independence
Flushing energy security down the toilet, draining the SPR = Biden energy security
Best weather and climate in 1,000 years on a greening planet, a climate optimum for life because of a beneficial gas increasing = Biden's climate crisis destroying the planet from fossil fuel pollution.
433 Trillion needed to completely electrify with solar, wind and batteries, 20 times the GDP = Biden's fairy tale energy plan
Wind turbines, the diffuse, intermittent/unreliable and expensive energy source from environmental hell destroying the planet because of crony capitalism and government funding(tax payer $$) = key element to Bidens fake green energy plan
https://www.marketforum.com/forum/topic/89699/#89708
“Kiddo, I want you to just take a look,” Biden said to her as he (rather creepily) grabbed her hand and leaned into her. “I want you to look in my eyes. I guarantee you, I guarantee you we’re going to end fossil fuels.”
This promise formed a cornerstone of Biden’s primary campaign, and he repeated it often.
“What about, say, stopping fracking and stopping pipelines and…” a supporter in Iowa started to ask him a few days before the Iowa Caucuses.
“Yes, yes, no pipelines, exactly,” Biden jumped in before she could even finish her question.
Even as his primary win seemed inevitable in March 2020 and he no longer needed to court the far-left environmentalist vote, Biden was still promising to decimate America’s energy sector.
“No more subsidies for the fossil fuel industry, no more drilling on federal lands, no more drilling, including offshore, no ability for the industry to continue to drill,” he declared. “It ends.”
If Biden's energy policy was a senior in high school, it might look like this:
A senior in high school, after saving all their hard earned money for years to use to pay for college.
As a member of the student council and re election for their position as president coming up, things were not going so well so he decided to drain his college savings to buy free lunches and pay for other fees/gifts to get other students to vote for them.
Wow, dumb kid, potentially throwing away their future and college education.
But at least it was his money to spend.
Biden has no right to break into and drain the United States emergency crude oil piggy bank for his self serving political objectives.
This is an egregious violation of US energy security.
Latest updates on the petroleum/liquid energy markets:
WHAT A SMUG ____________ (FILL IN THE BLANK) ON ENERGY SECURITY
Started by 12345 - Oct. 19, 2022, 4:17 p.m.
https://www.youtube.com/watch?v=FUFXATfXidM AAARRRRRGGGGGGGHHHHHHHHHH!!!!!!!!
President Biden delivers remarks on additional actions to strengthen energy security and lower costs on 10/19/22
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By metmike - Oct. 19, 2022, 4:27 p.m.
Thanks Jean.
We already have 2 threads going on this, 1 for each forum.
With you continually insisting on using ALL CAPS along with the verbiage in the title, I'll gladly move it down to the thread we already started for this in the NTR forum.
Mike
Jean,
I honestly don't know where to start with the host of incredible blatant lies one after the other in this fairy tale delivery, attempting to bamboozle Americans.
Other than Trumps actions since the lost election of 2020, which is 1 million times worse and more damaging, this is now in a solid 2nd place with regards to completely twisting the truth into lie after lie on a key issue affecting Americans.
The most anti fossil fuel president in history..........pretending that he's not really that way and is the US fossil fuel/energy security president.
This says it all..........Biden's own words(which were like this for years and suddenly he pretends to be another (energy) person to not be held accountable for THE REAL JOE BIDEN DEFINING HIM FOR YEARS!
By Jake Thomas
https://www.newsweek.com/backlash-biden-says-high-gas-prices-are-part-incredible-transition-1709401
President Joe Biden drew a biting rebuke on Twitter and Fox News after saying that record-high gas prices are part of an "incredible transition" away from fossil fuels.
"How can the average person afford an $80k electric vehicle?" asked Twitter user Hawkc.
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12/13/21 1:01 PM ET-Before the war in Ukraine they blame this on
President Biden isn't entirely to blame, but his anti-market policies have contributed to the problem.
https://fee.org/articles/3-things-biden-has-done-that-increased-gas-prices/
Since taking office, Biden has taken too many steps to count to limit domestic production. These include halting federal permits for oil and gas drilling and leasing shortly after taking office and blocking drilling in a major oil-rich Alaskan region.
To be clear, these decisions will mostly affect future production. But that does still significantly affect gas prices because companies factor in their expectations about the future into the decisions they make today.
“Some say that new leases … would have taken time and would not yet be online, but even so, there is evidence that expectations of increased future supply has a beneficial impact on current prices and expectations of future supply drying up has a negative impact on current prices,” the Competitive Enterprise Institute’s Ben Lieberman said.
“At a day-to-day level, I am hearing from drillers that they are having a very hard time getting all the approvals they need from [the Environmental Protection Agency] and other agencies in order to produce on existing wells, and of course, new federal leasing has come to a halt,” Lieberman added.
It’s just basic economics that when the government throttles future supply in an industry, that will lead to higher prices both now and in the future. Biden was warned by many critics at the time that this would happen, but he proceeded anyway.
Speaking of basic economics, it’s well established that when businesses’ costs rise, that puts upward pressure on the prices they charge consumers. The oil and gas industry is no exception.
And unfortunately, the Biden administration has both proposed and implemented a wide array of regulations on the energy sector, inflicting billions in direct financial costs and incalculable indirect compliance costs — plus further harming expectations for the future.
“The regulatory chokehold imposed by the Biden administration on oil production in place of a Green New Deal has drastically raised gasoline prices, thereby hurting lower-income people the most,” said conservative economist Vance Ginn, who served in the Trump administration.
“This is yet another example of the high cost of big-government environmentalism when the better approach is to remove government barriers so that free markets can better let people adapt to changes in the environment at a much lower cost,” Ginn concluded.
Rhetoric matters. While words don’t literally do anything to change gas prices, the signals coming from policymakers absolutely do affect the long-term investment decisions businesses make.
And even as a presidential candidate, Biden sent very negative messages about what his leadership would mean for the gas industry.
In just one example, as Americans for Tax Reform pointed out, Biden said during a campaign stop: “We are going to get rid of fossil fuels. … We’re going to phase out fossil fuels.” Then, upon taking office, the president followed these words with actions such as canceling the Keystone XL pipeline, blocking leases, restricting imports, and pursuing regulations.
In general, Biden’s open hostility toward the oil and gas industry has almost certainly curbed investment into production that otherwise would’ve occurred.
“Such extinction rhetoric, coming from the now-president, has an unprecedented chilling effect on investment,” Lieberman said. To put it simply, less investment means less supply — which means higher prices.
It’s absolutely true that our high gas prices aren’t entirely Biden’s fault. But the president is not the helpless bystander his defenders would have you believe.
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4. In addition, the anti inflation act is the inflation CAUSING act (previously called the Climate Act but renamed to fool people to think it does the opposite of what it really does) which is designed to crush fossil fuels (that greening up the planet) and replace them, using crony capitalism and government supported diffuse, unreliable forms of energy like wind turbines.........the energy form from environmental hell that wrecks the planet by with massive mining, destroying landscapes/ecosystems and killing millions of birds/bats.
Fake inflation reduction act. Wind, the energy source from environmental hell.
MIKE ~ IN FIVE WORDS: "BIDEN KNOWS EXACTLY WHAT HE'S DOING!"
SEE? I CAN EVEN COUNT LIKE HIM, WHEN I WANT TO!!! LOL
HE AIN'T PLAYIN' WIF A FULL DECK! HIS HATRED FOR AMERICA IS ADDING UP!
Petroleum products(liquid energy) comprehensive analysis:
The lifeblood of every developed country's economy is it's fossil fuels.
Diffuse and intermittent solar and the energy from environment hell, wind will never replace the fossil fuels that are greening up the planet. Despite all the crony capitalism and government throwing trillions to support it.
2+2 will never = 10.
It would take $433 trillion to completely electrify using solar, wind and batteries(with a battery technology not invented yet) based on proven physical laws of energy and economics. That's 20 times the GDP of the United States.
The sooner our country realizes that and gets back to a sane energy policy, the less damage people like Biden can do.
This SPR thing is just a tiny fraction of the damage being done to the energy security of the USA and other developed countries.
EIA liquid energies-draining the SPR!!
Started by metmike - June 29, 2022, 2:28 p.m.
https://www.marketforum.com/forum/topic/86482/
Another secret about fossil fuels: Haber Bosch process-fertilizers feeding the planet using natural gas-doubling food production/crop yields.
food production/crop yields. September 2019
https://www.marketforum.com/forum/topic/39215/
California tells electric car owners NOT to charge vehicles. Energy crisis in California because of unreliable, fake green/anti environmental energy!September 2022 https://www.marketforum.com/forum/topic/88534/
Fertilizer/Natural Gas Prices. Energy crisis in Europe because of unreliable fake green/anti environmental energy! August 2022 https://www.marketforum.com/forum/topic/88331/
Fake inflation reduction act. Wind, the energy source from environmental hell. Summer 2022
https://www.marketforum.com/forum/topic/88185/
Dutch farmers and nitrogen : Summer 2022
https://www.marketforum.com/forum/topic/86882/
Charles Payne on the economy and in particular, inflation: Biden's intentional war on fossil fuels energy disaster started by Obama. Why anti environmental and bird/bat killing wind and solar can NEVER come close to replacing fossil fuels. The cost = 433 Trillion!. Government forcing anti environmental wind/solar on the market. Stifling new investments in crude and natural gas. 2022
https://www.marketforum.com/forum/topic/85535/
Life without petroleum based products: 6,000 products made with petroleum. Killing Coal. Fossil fuels and fertilizer. Biden praises high gasoline prices.
https://www.marketforum.com/forum/topic/84689/ 2022
NEW: Kerry wants to push back hard on energy infrastructure. Biden uses Defense Production Act for his solar agenda. Jaw dropping ignorance and hypocrisy on energy by leaders of the climate fraud. 2022
https://www.marketforum.com/forum/topic/85415/
NEW: Biden causes natural gas prices to soar higher: Europe's self inflicted energy crisis. Killing US coal. E15 gas this Summer...increasing pollution and food inflation for political marketing. Fossil fuels are the life blood of civilization. 2022
https://www.marketforum.com/forum/topic/89923/
Energy security-China
Tokyo | China says it will increase coal production in the next three years as it seeks to insulate itself from global energy shortages and rising prices by bolstering its reserves of commodities.
China’s state planner, the National Development and Reform Commission, said while China would continue to invest heavily in wind and solar, annual coal production would rise to 4.6 billion tonnes in 2025 compared to 4.1 billon tonnes last year.
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Energy Insecurity-United States
https://www.eia.gov/todayinenergy/detail.php?id=48696
Source: U.S. Energy Information Administration, Annual Coal Report
U.S. coal production totaled 535 million short tons (MMst) in 2020, a 24% decrease from the 706 MMst mined in 2019 and the lowest level of coal production in the United States in any year since 1965.
The insane thing about this is that the US has more coal reserves than any country by a wide margin(24%):
THAT's where the most of our energy security is! Many thousands of times more energy than what's in the SPR!
https://en.wikipedia.org/wiki/List_of_countries_by_coal_reserves
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metmike: The real green energy are fossil fuels greening up the planet with beneficial CO2. Fossil fuels are their own battery. Fake green energy is NOT clean energy!
Our clean energy needs to be sourced responsibly right from the get-go.
https://bigthink.com/hard-science/renewable-energy-dirty-mining/
Mineral extraction levies an incredible cost on the communities and ecological landscape of a place. Material mined for renewable energy fuels the violation of human rights, pollutes local water sources, and often destroys wildlife.
metmike: Diffuse and intermittent fake green energy sources, like wind, the energy source from environmental hell killing millions of birds/bats are advancing rapidly using crony capitalism and governmental funded support that steals tax payers money and discourages reliable fossil fuels. The need for massive batteries to store these energy sources is raping the earth with massive mining plays tearing up many times more of the planet than fossil fuels. Destroying ecosystems and landscapes.
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Saving the planet? From what?
We're having a climate optimum that's greening up the planet BECAUSE OF the increase in CO2 from burning fossil fuels.
https://www.marketforum.com/forum/topic/69258/
Wind turbines and fake green energy is what's wrecking the planet.
https://www.masterresource.org/droz-john-awed/25-industrial-wind-energy-deceptions/
https://www.marketforum.com/forum/topic/89748/#89749
Time to rethink this insanity!
https://www.marketforum.com/forum/topic/88832/#89156
Energy Insecurity Germany(Europe) = Renewables
https://www.marketforum.com/forum/topic/88331/#88344
How could this have happened? Nobody will acknowledge this part of the reason, but I will show it to you right now.
Several things made Europe vulnerable but the biggest one was very self inflicted bad decisions to eliminate coal and not fully understanding/planning responsibly for the huge reliability issues of fake green energy schemes.
The graph below depicts what happened.
Lignite, is just "soft" coal.
You can see from the graph that 30 years ago, Germany relied on coal (soft and hard) and nuclear to generate the VAST majority of its power/electricity.
Those sources (coal/nuclear) are at the top for the most reliable of all. ..... 24 hours a day, 365 days a year.
At the same time, in the early 1990's, they were only using a minuscule amount of renewables to generate energy and not much natural gas, much of which is delivered by pipeline from Russia in 2022.
This was their self inflicted bad decision:
They cut their use of extremely reliable sources(coal/nuclear) down by 50% and replaced the void with extremely unreliable sources of massive renewables (wind/solar) which was increased by 10X compared to 30 years ago and natural gas by 2X from Russia.
They did it entirely because burning coal emits CO2. They did it to meet commitments in the fake climate crisis accord. This was a self inflicted decision based entirely on the politics of the fake climate crisis.
Now, they have to back track because of the laws of energy and physics in the real world. Those laws are indisputable and make it impossible to ever replace fossil fuels with just wind and solar.
https://www.cleanenergywire.org/factsheets/germanys-energy-consumption-and-power-mix-charts
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https://www.marketforum.com/forum/topic/88331/#88332
The cost of electricity has surged to record highs across Europe this week, following a meteoric rise in natural gas prices that could pave the way for painfully high consumer rates across the continent through the winter and well beyond.
Electricity futures across much of the continent jumped above 600 euros/MWh this week, an exponential gain from the roughly 20-30 euros/MWh average over the last decade. In a note on Wednesday, Rystad Energy analysts wrote that records have been broken on an hourly and daily basis throughout the month.
“Should the current trend continue, then winter power prices will be punishing for European consumers large and small,” said Rystad analyst Fabian Rønningen. German and French power prices hit fresh highs Thursday
The European power crisis has been gaining momentum throughout the summer. French nuclear availability issues, depleted hydro reservoirs due to drought and declining output at aging nuclear and coal plants have exacerbated the situation along with low wind output.
Analysts at Engie EnergyScan said this week that fundamentals are unlikely to change anytime soon given hot forecasts, calm weather conditions further curbing wind and the anxiety gripping the market over whether Russia will further cut deliveries next month. The situation has grown so dire that European energy ministers are again reportedly considering an emergency summit to address the snowballing crisis.
I would never have believed this could happen........ except that this is one of the risks for what can happen when you too quickly abandon the power dense, reliable fossil fuels(in his case coal) and follow fairy tale, fake green energy schemes.
Putin made it worse (because they refused to negotiate with him or concede anything to him last year) but this was mostly self inflicted renewable energy insecurity damage.
