Oil

[NATI BENGALS]

(03-03-2022, 06:23 PM)Stewy Wrote: Withholding permits on leases that companies have already required was not something he said he was going to do.  As a matter of fact the BOEM can't without drilling permits on currently leased acreage as it has an obligation, by federal law, to support the development of the nations resources.

And that quote makes no sense.  How can you compare and avg./month to a total over 3 years.  Might want to go check your quote because that makes no sense.  Or are they saying they are doing more permits/month and Trump did over the entire 3 years.  Or does it mean literally the BOEM is approving more per month than Trump did per month?  See why this is confusing?  

Ok so I just went and read it and the author just done F'd up that quote.  He posts no data, and makes a statement that makes no sense from a statistical point of view.  It's vague and frankly just incoherent and really has nothing to do with his own post.  Comparing permits /month to a total over 3 years with no data............ *shrugs*.  Sounds like another political hack trying to sound smart and failing.

https://oilprice.com/Energy/Oil-Prices/Biden-Desperately-Needs-To-Bring-Oil-Prices-Down.html

“There are those who say that Biden is content to see the prices of traditional fossil fuels rise in order to narrow the pricing differential between them and their more costly ‘green’ alternatives. However, underlining how often and how quickly such lofty principles disappear in the cold light of hard political self-interest, the U.S. Land Administration Committee released data at the beginning of 2022 showing that Biden in his first year as president issued 35 percent more permits for drilling oil and gas wells than his predecessor, Donald Trump, in his first year.”

Somebody is lying to me (not saying it’s you)

35% more permits for oil and gas drilling than trump in his first year. And all I hear from the GOP is Biden caused this? Things don’t add up. Almost like it’s another misinformation campaign. With support from big oil who has lined their pockets at the expense of the average American last year after losing their ass in 2020.