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Chatting and General Stuff
Politics Of Hunting & Guns (NOT General Politics)
biden admin is banning ammunition and firearms of Russian origin
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<blockquote data-quote="JimFromTN" data-source="post: 2466775" data-attributes="member: 113268"><p>The article only covers until 2019. We actually started importing more oil than exporting in 2020 before the new administration was even elected. Oil dropped to $11 a barrel and actually went negative in 2020 because of a combination of the fact that people were not traveling as a result of covid and russia was in an oil war with opec. Oil prices dropped so low that oil producers across the globe started capping wells and producing less oil. In 2020, the United States had the highest reduction in oil production in the history of the country. No pipelines have been shutdown. Construction of new pipelines which are years away from completion have been ceased. The pipeline would not pump US oil nor will that oil be used in this country so I fail to see how allowing the continuation of the construction will help with oil prices or help Americans. If anything, it would cost American jobs because currently that oil is shipped via trucks and railroad and there are far more American jobs at stake if the pipeline is completed. Basically, we are doing it to save Canadian oil companies money not to make the US more energy independent or lower gas prices.</p><p></p><p>The oil business is in hibernation and mothballs because its very profitable when oil is going for $116 a barrel and could very easily reach $200 or more if we stop importing Russian oil especially if other countries follow suit. Why would US oil companies pump more oil? They are strictly motivated by profit and the longer they hold out on pumping more oil, the higher the profits. It has nothing to do with government regulation or shutting down oil leases. As of this past January, Biden has outpaced Trump in issuing drilling permits at that point in their administrations.</p></blockquote><p></p>
[QUOTE="JimFromTN, post: 2466775, member: 113268"] The article only covers until 2019. We actually started importing more oil than exporting in 2020 before the new administration was even elected. Oil dropped to $11 a barrel and actually went negative in 2020 because of a combination of the fact that people were not traveling as a result of covid and russia was in an oil war with opec. Oil prices dropped so low that oil producers across the globe started capping wells and producing less oil. In 2020, the United States had the highest reduction in oil production in the history of the country. No pipelines have been shutdown. Construction of new pipelines which are years away from completion have been ceased. The pipeline would not pump US oil nor will that oil be used in this country so I fail to see how allowing the continuation of the construction will help with oil prices or help Americans. If anything, it would cost American jobs because currently that oil is shipped via trucks and railroad and there are far more American jobs at stake if the pipeline is completed. Basically, we are doing it to save Canadian oil companies money not to make the US more energy independent or lower gas prices. The oil business is in hibernation and mothballs because its very profitable when oil is going for $116 a barrel and could very easily reach $200 or more if we stop importing Russian oil especially if other countries follow suit. Why would US oil companies pump more oil? They are strictly motivated by profit and the longer they hold out on pumping more oil, the higher the profits. It has nothing to do with government regulation or shutting down oil leases. As of this past January, Biden has outpaced Trump in issuing drilling permits at that point in their administrations. [/QUOTE]
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Politics Of Hunting & Guns (NOT General Politics)
biden admin is banning ammunition and firearms of Russian origin
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