Posted on Oct 15, 2021

White House asks U.S. oil-and-gas companies to help lower fuel costs -sources

LTC David Brown

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After denigrating oil and natural gas, closing a key component of shipping raw oil from areas of production , Keystone Pipe line, and trying to limit leasing and drilling on federal land Biden now wants oil producers to climb on his sinking ship and help save it? Winter is coming and home heating prices are going to double. May Jim Carter still has some sweaters we can barrow. I would tell Biden to plug in a solar panel

White House asks U.S. oil-and-gas companies to help lower fuel costs -sources

Posted from reuters.com

Posted in these groups: F79695b9

Joe Biden

Energy

Oil and Energy Democratic party

Democrats

Posted 3 y ago

Responses: 4

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CSM Chuck Stafford

Posted 3 y ago

The real world doesn't care about feel good policies that aren't practical nor pragmatic

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MSG Stan Hutchison

Posted 3 y ago

Let's look at one issue:
How many oil leases have been issued over the past 20 years that are not being developed?

Prices are not about shortage. There is still plenty of oil. This is a manufactured "crisis" by the oil industry. Happens every time a Democrat gets in the White House.

https://news.bloomberglaw.com/environment-and-energy/oil-gas-industry-stockpiled-drilling-leases-before-biden-pause

Oil, Gas Industry Stockpiled Drilling Leases Before Biden ‘Pause’

A stockpile of federal oil and gas leases across an Ohio-sized swath of land in the West shows the fossil fuel industry was preparing for a leasing moratorium for years, former Interior Department officials say.

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LTC Eugene Chu

Posted 3 y ago

We should not blame POTUS for bad industry practices. Here is an old article about how a Texas utility company accused its energy suppliers of price gouging after the 2021 winter storm.

https://energynow.com/2021/03/texas-utility-sues-suppliers-for-price-gouging-after-february-storm/

Texas Utility Sues Suppliers for Price-Gouging After February Storm - Energy News for the United...

Mar 24, 2021 (Bloomberg)The first lawsuits protesting exorbitant gas prices during February’s historic deep freeze have begun. CPS Energy, a Texas utility, is suing energy giants including BP Energy Co., Chevron Corp. and Energy Transfer. CPS supplies over 1.1 million customers in the San Antonio area with power and gas, and is disputing charges amounting ... Read more

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White House asks U.S. oil-and-gas companies to help lower fuel costs -sources

White House asks U.S. oil-and-gas companies to help lower fuel costs -sources

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