Is Biden really directly responsible for the current high gas prices?

[philo]

I see this argument repeated over and over again by republicans, I'm just having a very hard time processing it. Generally there are two arguments by republicans how Biden is to blame for the current surge in gas prices.

1. He shut down the keystone pipeline first day in office.

2. he banned drilling on federal lands, further hindering production of natural gas.

But both of these arguments don't hold any water. Don't get me wrong, I 100% agree that shutting it down was a bad idea, and I'm no Biden sympathizer, but we have to be honest: that pipeline wasn't going to produce anything before 2023, and it was only 8 percent done, so there is no correlation between keystone and the prices you're seeing today at the pump. As for ban on drilling federal property, according to Washington post and many others more drilling were approved during Biden's admin than during trump admin. I would love to blame Biden for this catastrophe, I just don't see how this is the case. Am I missing any info? Or is there something else I should be taking into account? I also used to believe that Brandon is responsible for this fiasco, but the more I read I see that it is simply not the case. Of course one can argue that Biden's policies changed the atmosphere of the oil industry which somehow led to this, but I'm looking for a direct link between his policies and the surge in prices. Anyone care to debate this?

[sharkman]

They approved drilling on land where there is no oil, you won’t get that from the Washington Post or the Biden admin.  Look at US oil production per day/ per year under Trump in the last year after he was able to open things up.  
 

Compare that to current production where they are importing oil again to meet needs.

 

[Nationalist]

21 hours ago, philo said:

I see this argument repeated over and over again by republicans, I'm just having a very hard time processing it. Generally there are two arguments by republicans how Biden is to blame for the current surge in gas prices.

1. He shut down the keystone pipeline first day in office.

2. he banned drilling on federal lands, further hindering production of natural gas.

But both of these arguments don't hold any water. Don't get me wrong, I 100% agree that shutting it down was a bad idea, and I'm no Biden sympathizer, but we have to be honest: that pipeline wasn't going to produce anything before 2023, and it was only 8 percent done, so there is no correlation between keystone and the prices you're seeing today at the pump. As for ban on drilling federal property, according to Washington post and many others more drilling were approved during Biden's admin than during trump admin. I would love to blame Biden for this catastrophe, I just don't see how this is the case. Am I missing any info? Or is there something else I should be taking into account? I also used to believe that Brandon is responsible for this fiasco, but the more I read I see that it is simply not the case. Of course one can argue that Biden's policies changed the atmosphere of the oil industry which somehow led to this, but I'm looking for a direct link between his policies and the surge in prices. Anyone care to debate this?

I don't think you understand the markets and how their values are determined.

Biden spent his entire campaign telling people he was gonna shut down the oil industry. Fine oil companies. He killed the pipeline, revoked leases and sent signals that the USA was getting out of the oil and gas industry. THAT produced concern with investors and oil companies which in turn, drove the prices up.

The markets are a fusion of fact and feelings. Biden's actions produced both bad facts and bad feelings about the state of the oil and gas markets.

The Washinton Post...along with countless other unreliable rags...still push the Russia/Trump hoax. They still ignore Hunter's escapades. They compare January 6th to September 11th. They backed Jussie Smollet who just yesterday was sent to jail for a fake racially motivated attack...along with Michelle and countless others. Will that news make it to the pages of WAPO? If it does, it'll be buried on an unrelated page, in a very small column. Please don't take WAPO seriously...

[philo]

Nationalist, It's not just WAPO, there are so many sites that confirm this. Newsweek and Fox news also corroborate this. This is a known fact, just google it you'll see how many results you get (if you don't trust them then there's nothing I can do to convince you). Biden approved more drilling than Trump, as baffling as it may seem. Again you might be right that Biden made everyone anxious about new oil, so investors didn't want to invest that much and this somehow drove prices up. That may be true if you were talking about 2.99 per gallon, not the prices were seeing today. That I believe has mostly to do with Covid, when they slowed production, and the economy roared back (when ppl realized Covid lockdowns are a hoax) and they couldn't meet the need, I believe Trump would have had to deal with high prices as well, it was inevitable. Just look at the car industry, its a mess. The same goes for just about everything. Again, Biden is definitely not helping the gas and oil industry, if anything he's hurting them, but I still believe it is not fair to pin all blame on him. Especially with the keystone pipeline, I think the republicans come across foolish when they say that this is somewhat a cause for the prices were seeing today. There is simply no correlation between the two. There's plenty to blame biden for, he's done a lot of damage just in one year including inflation, this is simply not one of them. 

[Faramir]

The answer is yes and no.  Biden clearly is not making things any better.  But I have to concede this is irrational actions in the oil market due to the Russian invasion.

[sharkman]

3 hours ago, Nationalist said:

I don't think you understand the markets and how their values are determined.

Biden spent his entire campaign telling people he was gonna shut down the oil industry. Fine oil companies. He killed the pipeline, revoked leases and sent signals that the USA was getting out of the oil and gas industry. THAT produced concern with investors and oil companies which in turn, drove the prices up.

The markets are a fusion of fact and feelings. Biden's actions produced both bad facts and bad feelings about the state of the oil and gas markets.

The Washinton Post...along with countless other unreliable rags...still push the Russia/Trump hoax. They still ignore Hunter's escapades. They compare January 6th to September 11th. They backed Jussie Smollet who just yesterday was sent to jail for a fake racially motivated attack...along with Michelle and countless others. Will that news make it to the pages of WAPO? If it does, it'll be buried on an unrelated page, in a very small column. Please don't take WAPO seriously...

You might as well try to stop the wind, for all of the good it'll do.  Too many people are still trusting what they are told to and believe false narratives.  But it won't stop what is coming...

[Nationalist]

22 hours ago, philo said:

Nationalist, It's not just WAPO, there are so many sites that confirm this. Newsweek and Fox news also corroborate this. This is a known fact, just google it you'll see how many results you get (if you don't trust them then there's nothing I can do to convince you). Biden approved more drilling than Trump, as baffling as it may seem. Again you might be right that Biden made everyone anxious about new oil, so investors didn't want to invest that much and this somehow drove prices up. That may be true if you were talking about 2.99 per gallon, not the prices were seeing today. That I believe has mostly to do with Covid, when they slowed production, and the economy roared back (when ppl realized Covid lockdowns are a hoax) and they couldn't meet the need, I believe Trump would have had to deal with high prices as well, it was inevitable. Just look at the car industry, its a mess. The same goes for just about everything. Again, Biden is definitely not helping the gas and oil industry, if anything he's hurting them, but I still believe it is not fair to pin all blame on him. Especially with the keystone pipeline, I think the republicans come across foolish when they say that this is somewhat a cause for the prices were seeing today. There is simply no correlation between the two. There's plenty to blame biden for, he's done a lot of damage just in one year including inflation, this is simply not one of them. 

https://www.foxnews.com/politics/biden-white-house-spin-oil-production-trump

https://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_a.htm

Biden and his administration are liars. Production is going down, not up. Had the combination of The Rona and Biden not happened, oil production in the US would be at record heights. But as a pandemic was in place in 2021, Joe Biden literally shits on the entire fossil fuel industry...and the prices sky rocket.

Now there's a war in Ukraine and oil prices are going wild. This ON TOP of the production slowdown and his attacks on the industry. It all has been a nasty example of how Libbies feel about the general public.

[sharkman]

Let me just leave this here.

 

[eyeball]

5 hours ago, Nationalist said:

Production is going down, not up. Had the combination of The Rona and Biden not happened, oil production in the US would be at record heights. But as a pandemic was in place in 2021, Joe Biden literally shits on the entire fossil fuel industry...and the prices sky rocket.

Production went down because demand went down as well during the last couple of years. That's what literally shit the most on the entire industry.  Prices went up more because of supply issues, now they're also going up due to war and demand.

Attaching blame for having to buy oil from dictators because of climate change policies is purely opportunistic partisan bullshit given the long sordid history of America meeting it's energy needs with dictatorships.

[Phoenix68]

BIG OIL is simply "attempting" to recover pandemic-era losses....RIGHT NOW!!!!

They're expecting everyone-else to show more patience with their own recovery.

There's only so much (pre-arranged) greed to go-around, in their eyes.

[sharkman]

This just in:  Biden has promised to END BIG OIL.  Yes, that’s right, ladies and gents.  If you want to pretend he didn’t say it, or make up mystical theories to explain US oil production, that’s on you.

Because Biden wants to end big oil.  Everything he does is going to further that extremist left wing goal.  

[WestCanMan]

2 hours ago, sharkman said:

Because Biden wants to end big oil.  Everything he does is going to further that extremist left wing goal.  

Just like Trudeau "We are going to phase out the oil industry in Canada."

And leftists think that Trump was in Russia's pocket lol. 

[ironstone]

I wouldn't pin 100% of the responsibility of current high prices on Biden but he's doing nothing to alleviate the pain felt at the gas pumps. I am 100% certain that if Trump was still president the prices would not be as high as they are now and that he would encourage more drilling.

Why didn't gas prices spike dramatically while Trump was still in the White House?

And for the umpteenth time, it's idiotic to have to rely on countries like Russia and Saudi Arabia for oil when the US already has the capacity to be energy independent.

[philo]

@ironstone It's not that simple. First off Biden and Psaki keep on repeating that there are 9000 permits to drill as we speak, the oil companies can ramp up production if they want, but they don't seem to care. This may be exaggerated but the point is that it's not completely Biden's fault that there is a gas supply issue, as the republicans would have us believe. As for Saudi oil, the fact is that production in Saudi is much cheaper than production in the US, according to the above article, Saudi oil is like 15 dollars a barrel, the cost of a barrel in texas are generally much higher. It's like the stuff we import from China, US can manufacture the same stuff, but China makes them for cheaper so we import from them. 

Edited March 13, 2022 by philo

[philo]

2 hours ago, sharkman said:

This just in:  Biden has promised to END BIG OIL.  Yes, that’s right, ladies and gents.  If you want to pretend he didn’t say it, or make up mystical theories to explain US oil production, that’s on you.

Because Biden wants to end big oil.  Everything he does is going to further that extremist left wing goal.  

Where did you see that? I did not see this in the news. 

[philo]

35 minutes ago, ironstone said:

I wouldn't pin 100% of the responsibility of current high prices on Biden but he's doing nothing to alleviate the pain felt at the gas pumps. I am 100% certain that if Trump was still president the prices would not be as high as they are now and that he would encourage more drilling.

Why didn't gas prices spike dramatically while Trump was still in the White House?

And for the umpteenth time, it's idiotic to have to rely on countries like Russia and Saudi Arabia for oil when the US already has the capacity to be energy independent.

It's not that simple. First off Biden and Psaki keep on repeating that there are 9000 permits to drill as we speak, the oil companies can ramp up production if they want, but they don't seem to care. This may be exaggerated but the point is that it's not completely Biden's fault that there is a gas supply issue, as the republicans would have us believe. As for Saudi oil, the fact is that production in Saudi is much cheaper than production in the US, according to the above article, Saudi oil is like 15 dollars a barrel, the cost of a barrel in texas are generally much higher. It's like the stuff we import from China, US can manufacture the same stuff, but China makes them for cheaper so we import from them.

[ironstone]

39 minutes ago, philo said:

It's not that simple. First off Biden and Psaki keep on repeating that there are 9000 permits to drill as we speak, the oil companies can ramp up production if they want, but they don't seem to care. This may be exaggerated but the point is that it's not completely Biden's fault that there is a gas supply issue, as the republicans would have us believe. As for Saudi oil, the fact is that production in Saudi is much cheaper than production in the US, according to the above article, Saudi oil is like 15 dollars a barrel, the cost of a barrel in texas are generally much higher. It's like the stuff we import from China, US can manufacture the same stuff, but China makes them for cheaper so we import from them.

API Explains How Psaki’s ‘9,000 Unused, Approved Drilling Permits’ Is ‘Red Herring’ to Distract from WH Policies | CNSNews

“Regulatory uncertainty and political hostility to fossil fuels discourage long-term investments,” The Wall Street Journal’s editorial board agrees, explaining that President Biden’s anti-domestic energy policies have made his the first administration in at least twenty years to go an entire year without selling a single onshore lease.

The Biden Administration isn’t just refusing to grant additional leases - it has actually revoked a permit that could bring 830,000 barrels of crude oil daily to the U.S.

In a controversial move during his first day in office, Pres. Biden revoked the permit allowing extension of the Keystone XL pipeline to Alberta, Canada. If completed, the pipeline could potentially provide the U.S. with more oil than it currently buys from Russia.

[philo]

22 minutes ago, ironstone said:

API Explains How Psaki’s ‘9,000 Unused, Approved Drilling Permits’ Is ‘Red Herring’ to Distract from WH Policies | CNSNews

“Regulatory uncertainty and political hostility to fossil fuels discourage long-term investments,” The Wall Street Journal’s editorial board agrees, explaining that President Biden’s anti-domestic energy policies have made his the first administration in at least twenty years to go an entire year without selling a single onshore lease.

The Biden Administration isn’t just refusing to grant additional leases - it has actually revoked a permit that could bring 830,000 barrels of crude oil daily to the U.S.

In a controversial move during his first day in office, Pres. Biden revoked the permit allowing extension of the Keystone XL pipeline to Alberta, Canada. If completed, the pipeline could potentially provide the U.S. with more oil than it currently buys from Russia.

I've heard this argument before, I just don't understand how this would work. To me it seems like unwarranted fear. Biden although he shut down keystone has approved more drilling than during trump admin, the way I see it the oil companies have no solid grounds to fear that Biden would hurt them or shut them down or increase regulations. But again I'm not in their position, and Biden clearly caused a hostile environment in which big oil feels uncertain about increasing production, Biden is clearly somewhat to blame here, I was just hoping to see more a direct link between his actions and the supply issues were seeing. I also find that the republicans are a bit misleading when it comes to this.    

[ironstone]

5 minutes ago, philo said:

I've heard this argument before, I just don't understand how this would work. To me it seems like unwarranted fear. Biden although he shut down keystone has approved more drilling than during trump admin, the way I see it the oil companies have no solid grounds to fear that Biden would hurt them or shut them down or increase regulations. But again I'm not in their position, and Biden clearly caused a hostile environment in which big oil feels uncertain about increasing production, Biden is clearly somewhat to blame here, I was just hoping to see more a direct link between his actions and the supply issues were seeing. I also find that the republicans are a bit misleading when it comes to this.    

I would point out that under Trump the US was a net exporter of energy but now under Biden it's no longer the case. Jobs in the oil and gas industry were high paying jobs. Your claim that more drilling is going on now is highly dubious at best. All the links below say otherwise.

Climate change: Biden administration freezes new oil and gas drilling leases after court rules against key tool - CNN

Biden Administration Halts New Oil And Gas Drilling Permits | OilPrice.com

Biden Halts Oil Permits Just as Gasoline Prices Surge on Ukraine - Bloomberg

[sharkman]

1 hour ago, philo said:

Where did you see that? I did not see this in the news. 

It was from an election campaign, I’m not sure which one.  And any legacy news media would never play this.

 

[sharkman]

7 hours ago, sharkman said:

Let me just leave this here.

 

Philo, I’m guessing you didn’t see this either?

[philo]

31 minutes ago, sharkman said:

Philo, I’m guessing you didn’t see this either?

I did, but it just proves that he is a crook and a liar. Biden promised many things when he ran but he didn't do a thing besides for hurting the economy. Biden wanted to please the libs so he shut the keystone and did many other stupid things, does Biden actually believe in renewable energy and saving the planet and all that shit? I highly doubt it, his actions prove otherwise. The WAPO and other left media sites are actually disappointed in Biden that he approved more drilling, since he promised otherwise, that is another reason why I'm not doubting it. 

[eyeball]

5 hours ago, sharkman said:

This just in:  Biden has promised to END BIG OIL.  Yes, that’s right, ladies and gents.  If you want to pretend he didn’t say it, or make up mystical theories to explain US oil production, that’s on you.

Because Biden wants to end big oil.  Everything he does is going to further that extremist left wing goal.

Get a grip...everyone wants to end BIG OIL so we can move to small oil and other types of energy that are less harmful to our environment and climate.  There's nothing the least bit extreme about this goal.  Abandoning it however is extremely stupid.

Edited March 13, 2022 by eyeball

[Nationalist]

14 hours ago, eyeball said:

Production went down because demand went down as well during the last couple of years. That's what literally shit the most on the entire industry.  Prices went up more because of supply issues, now they're also going up due to war and demand.

Attaching blame for having to buy oil from dictators because of climate change policies is purely opportunistic partisan bullshit given the long sordid history of America meeting it's energy needs with dictatorships.

Except under Trump. When he left prices were stable and America did not have to import oil from dictators.

The came Biden and his army of stupid people. 

[Infidel Dog]

Yeah, under Trump, America was energy independent and becoming a net energy exporter. 

Then Joe Biden took over and that stopped.

But pay no attention to the obvious conclusion there.

Apparently all this happened as a result of some sort of "Big Oil" magic where they apparently got voodooed somehow into not wanting to make money anymore, even though Biden's people tell us they are choked down with available leases.

But the Big Government shills who tell you this leave out the part where there's a difference between leases and permits. Permits would allow oil companies to drill on productive land. Leases are just an offer to try to find oil and apply for a permit. Good luck with that last bit.