Posted yesterday by u/zeitreise

Jan. 20, 2021: Just hours after Biden’s inauguration, his executive order killed the Keystone XL Pipeline and launched the Democrat War on Oil.

Jan. 27, 2021: Biden directed the Interior Department to stop oil and natural-gas leases on federal lands and in public waters. (Gasoline: $2.39)

Feb. 14, 2021: Interior Secretary nominee Deb Haaland declared: “We need to keep fossil fuels in the ground.” ($2.46)

Feb. 25, 2021: The US Senate confirmed Energy Secretary Jennifer Granholm. She previously said, “We ought to be doing everything we possibly can to keep fossil fuel energy in the ground.” ($2.63)

March 2, 2021: Climate envoy John Kerry told CNN that fossil-fuel companies “ought to be figuring out how do we become not an oil-and-gas company, but how do we become an energy company.” ($2.71)

April 22: Biden unveiled a “Climate Finance Plan” to “promote the flow” of capital “away from high-carbon investments.” ($2.85)

May 20: Biden signed an executive order requiring federal agencies to calculate the highly speculative risk of so-called “global warming.” Kerry chirped: “It’s going to change allocation of capital.” ($3.02)

June 1: Biden halted oil and gas leases in Alaska’s Arctic National Wildlife Refuge. ($3.03)

July 11: Treasury Secretary Janet Yellen said that she expects multilateral development banks to “discourage new investments in fossil fuel-based power generation except where other options are not possible.” ($3.12)

Aug. 16: Reuters reported, “Treasury to oppose development bank financing for most fossil fuel projects.” ($3.17)

Sept. 23: Biden nominates Soviet-born and -educated Saule Omarova as comptroller of the currency. She had said of oil and gas companies, “We want them to go bankrupt.” She also stated, “The way we basically get rid of those carbon financiers is we starve them of their sources of capital.” Drowning in controversy, Omarova eventually yanked her name from consideration. ($3.18)

Oct. 28: State Department energy-security aide Amos Hochstein called oil and gas investment “unfortunate and unnecessary.” ($3.38)

Nov. 5: Asked about boosting output to curb gas prices, Energy Secretary Granholm replied: “That is hilarious.” ($3.39)

Dec. 10: Biden directed federal agencies to cease funding new, international, carbon-intensive fossil-fuel initiatives. ($3.34)

Jan. 31, 2022: Reuters reported,“The Biden administration will raise the royalty rate that drilling companies must pay on oil and gas leases it plans to sell in the first quarter.” ($3.37)

Feb. 24: Russia attacks Ukraine. ($3.53)

Feb. 28: Team Biden announces it would accept a federal court’s rejection of its few drilling-lease sales. ($3.60)

Oil and gas engineer here. Tell me how you got owned.

You don't have to know everything. You just have to know how it affects you and the people you know. The policies these clowns have put in place (covid lockdowns, climate change) have destroyed the supply chains across the board.

The left thinks that by shutting down our clean manufacturing plants and allowing China to fill the gap with their cheap dirty plants is somehow a good thing for the planet. The left wants to move us from gas powered cars to eclectic cars. Of course they want to make sure that only China can mine for the raw materials. Isn't it funny how when you follow the money these things the left are pushing seems to benefit China?

If you stop oil production for no reason, the price of everything goes up.

If you learned something who cares if you got owned?

If they knew their stuff, why not ask your liberal friends what oil sites they read? If you're into debating you should probably at least be aware of what they're reading so you know where their arguments are strong or weak.

A lot of good points for you in the post already, but I would like to add one more.

What do you think the EPA's and greeny's war on fracturing was all about. This was going long before Biden took office. It was an attempt to shut down US oil production. The cabal does not want and oil independent USA.

Trump brought their war on fracking to an end, but Biden went even further when he got in office.

Tell them you remember reading many stories about how Donald Trump was bringing back the energy policies of the 1950s, environment be damned. Read this to refresh your memory.

Donald Trump’s Extract-Everything Energy Policy Dooms Us All

https://www.thenation.com/article/archive/donald-trumps-extract-everything-energy-policy-dooms-us-all/

Tell them Biden signed Executive Order 13990 his first day in office, which revoked Trump's 1950s energy policies and restored Obama's energy policies.

If they bring up the cancellation of the Keystone XL pipeline and claim it's not why crude oil prices have increased, you can respond as follows-

"You're right. Cancelling the Keystone XL pipeline didn't affect global crude oil production. At the time, Biden said saving Alberta, Canada's river and forests was more important than preserving anywhere from 4,000-11,000 (depending on who's providing the estimates) high-paying union jobs. Many praised him for making a very tough political choice so early in his Presidency."

That response alone usually blows most people away.

If they keep the discussion about Keystone XL, this fact goes straight to the Democrat narrative of blaming greedy billionaires for high oil prices-

"It's also possible cancelling the Keystone XL pipeline was Biden's way of showing gratitude to Warren Buffett for his campaign contributions to both Obama in 2008 and 2012 and to his 2020 campaign. Buffett's railroad just happens to ship the majority of Canadian crude oil to the refineries in Texas and Lousiana and made $6 billion in profit in 2021."

Biden's policies are wretched but have little to do with current production rates. I am a geologist. I could go into specifics, but there's spin both ways. Biden's policies will affect future production, not current. Much of the current malaise is due to rolling hedge policies that are just starting to burn off from covid. These are "insurance" banks place on production for lending in the oil & gas industry. Due to this, many companies have been budgeting within cash flow. Right now, many companies are upside-down on their hedge positions and not realizing the full price you hear on the news.

And no, Trump did not cause the big increase in oil production during his administration. That was just good timing. The industry had been researching and figuring out new ways to increase production in West Texas. I was a part of it. Before 2016, much was still unknown. After that, a land grab ensued. As part of the terms of an oil & gas lease, there is an expiration. If you drill on a lease, it will be held by production (and not expire). The run-up in production during Trump's administration was caused by companies (using debt) trying to secure as much of their leasehold as possible.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m

https://mobile.twitter.com/WallStreetSilv/status/1535407950575157250?cxt=HHwWhIC-9azZ7s4qAAAA

https://twitter.com/SenTedCruz/status/1527014822981914624?t=5GOgYXM7ubDWT6bheXA6HA&s=19