Posts Made By: Rod Kaufman

Originally Posted by Russ Carroll

according to those with holes in the ground in the Permian basin, without a way to get it transported (additional pipeline, they don’t have a place to put more oil. The bottleneck is transport, not land, and they know it.

Originally Posted by Russ Carroll

Of course it is more complicated, but the industry (and common sense based on their actions) tell you this administration hates our oil and gas industry. Biden won’t even meet with them to placate the whiny left.

Originally Posted by Richard Davis

You wrote:  Oli producers already had thousands of leases they didn't act upon well before any of this appeared on the horizon.

And that is the liberal sleight of hand isn't it.  I think we've been over this before but we can go over it once again.

First of all, many of the leases are in areas that the oil companies will not drill partly because there is no oil there in many of the places where oil companies have leases. 

Ask yourself, why would any oil companies drill on land that is not going to produce?

Second of all the fact is that you don't just need just a "Lease" you need a permit.  Biden is shutting down permits to build.  According to Chip Roy, Permits are down to the lowest level since the 1940s.   

Let me explain it to you.  I might have a tract of land.  I do have a few tracts of land still.  If I decide I want to build a house, I have to acquire a permit to build a structure on it.  

Where the oil IS and where it is easily accessible, the permits are either not being offered by the gov't or they are in areas that will take time to ramp up to get running, but the impediments that the Federal Gov't puts in the way of the oil companies are such that the gov't makes it essentially impossible to drill and transport the oil.  

Even your leftist FACTCHECK that you love won't give the Biden administration the cover that they usually provide.

You probably should go check it out.  

Here's just one story that you can read to become educated on the subject:  https://www.cnsnews.com/blog/craig-bannister/api-explains-how-psakis-9000-unused-approved-drilling-permits-red-herring

Originally Posted by Rod Kaufman

Oli producers already had thousands of leases they didn't act upon well before any of this appeared on the horizon. In the case of Texas, it couldn't even supply its own energy needs and would have suffered a grid failure if it didn't have the 20-30% production of electricity from wind/solar. And nobody sees Valenzuela as a savior for oil at anytime.
The WH and some in congress, have characterized what OPEC has done as a "hostile act" in cooperating with Russia on the production cuts. Thus, the following legislation has been proposed:  "Reports say Rep. Tom Malinowski (D-New Jersey) suggested the US should pull troops and missile systems from the UAE and Saudi Arabia."
“This is a hostile act by Saudi Arabia and the UAE, designed to hurt the United States and our allies and to help Russia, despite President Biden’s overtures,” he wrote. “I’m introducing legislation with Rep. Sean Casten [D-Illinois] to withdraw our troops from both countries.” There is “no reason why we should defend a Saudi dictatorship’s oil fields if it is using its control of oil markets to tank our economy and help our enemies.”
https://www.jpost.com/international/article-719013

Originally Posted by Richard Davis

Joe Biden kept him, so quit blaming Trump.  He's there because of Joe Biden. 

Originally Posted by James Brown

Of course you do.  Some things are entirely predictable.

We all indulge in some arm-chair quarterbacking now and then, but this dude who thinks it would have been easy to avoid inflation, recession, and orchestrate a "soft landing" in 2022 takes the cake.  As you well know, there are a lot of geopolitical and domestic factors driving the current economy.  Pandemic and war in Europe to name a few.  Flooding the economy with free money being another.  In politics, it is normal,  if not entirely fair, for the president to take the blame, and the Ds are going to 'take the blame' in about 4 weeks.    Jim

Originally Posted by Richard Davis

As I just said and you just proved, Jerome Powell sitting in the seat of the Fed Chair is entirely 100% on Biden, who is a feckless, lost, dementia ridden fool who couldn't find his own mouth with a spoon when he was half-sane.

Biden has been in charge for over 20 months now going on 21 months now, and this is on him and his Democrat party.  

He could have removed Powell anytime he liked.  He didn't.  He was urged to do so by many Dems, as YOUR favorite site CNN reported:

https://www.cnn.com/2021/11/19/investing/democrats-powell-biden

He chose not to do so.  The incompetent one is Joe Biden.

https://thehill.com/homenews/house/570103-progressive-democratic-lawmakers-urge-biden-to-replace-powell-as-fed-chair/

From the above article:  

Powell, a Republican, was elevated to his position by former President Trump in 2018. Former President Obama, however, first appointed him to the Fed in 2012.


The chair of the Federal Reserve serves four-year terms.

Treasury Secretary Janet Yellen is reportedly backing Powell’s reappointment, Bloomberg reported earlier this month, citing multiple people with knowledge of the situation.

Now then, since he was appointed to the Fed by your Hero Barack Obama back in 2012, and so if he is so incompetent why did your Hero Barack Obama appoint him to the Fed in 2012? 

Would you care to address that?

it is truly amazing that anyone with a scintilla of honesty would blame Donald Trump for Powell but then we know how you operate, with your "Democrats can do no wrong" outlook on life.  

LOL