Biden Tracker (1 Viewer)

[Farb]

For all the things related to the Biden/Harris Administration and their latest hits and misses

https://www.dailywire.com/news/whit...gedly-sexually-harassing-threatening-reporter

Interesting story, looks like 'only the best people' didn't stop with the new administration.

 

[B4YOU]

How much has the government over time paid to these companies to create/research electric vehicles? To say that politics is not involved in the energy crisis we are in just wishful thinking.

I just don't buy that before the pandemic, when the economy was the best historically gas was on average $2.60 before the pandemic and now it is over $5 in this short of time. With this administrations open war on fossil fuel, that, I believed caused the oil companies to be a lot more prudent on spending their money.

This inevitable move is being rushed, pure and simple. There are still countries in the world that don't have enough access to fossil fuels, much less alternatives energy sources that are just not sustainable at this point. What do we do with those or help?
I have a feeling, the green energy lobby is paying out a lot of money. Why would they not? They plan to replace the oil companies and that is a lot of money and power to hold. Lord knows the oil companies have used their lobby money very well in the past.
It is really capitalism at its finest. But the state will has gotten involved and then through bureaucratic idiots, have screwed it up as per usual.

We send 20B/yr on oil subsidies. Global subsidies are close to 500B/yr.

I see that, but is it free market when government regulations are in play?

If there are no new regulations, then has the free market been affected by the government?

 

[Farb]

We send 20B/yr on oil subsidies. Global subsidies are close to 500B/yr.


If there are no new regulations, then has the free market been affected by the government?

The market would have been in the past by the prior regulations, right? So at some point, you will have government effect the free market (not all regulations are bad, mind you).

 

[Sandman]

I see that, but is it free market when government regulations are in play?

Yes. Show me any industry that doesn’t have some regulations.

 

[UncleTrvlingJim]

Colluding is looking at the market futures and regulatory futures of their industry?

Actually, I think he is trying to make the point that this is just capitalism and free market forces at play.

Basically, I'm saying that if oil companies were truly worried that they were going to be phased out in the near term, they'd be pumping out oil now as fast as they can to get their profits in now before it all goes away. By not pumping oil as fast as they can, they are helping oil prices to stay high which in fact will phase them out faster. This suggests that they are not worried about disappearing in the near term, instead they are not producing more because of other reasons.

Now, those other reasons are - collusion (they are making killer profits right now, and if they limit production, they can continue those profits, but that only works so long as they can trust other producers to other limit production -- collusion) or basic market capitalism - they know that certain oil fields are only profitable when oil is above a certain price. Right now oil is above that price HOWEVER, in the past they've been burned by taking on expensive extraction projects only to have the oil market collapse and causing massive losses. So they are risk averse because they know that this spike in oil prices is temporary and most new drilling projects will not be profitable when the oil market collapses again.

 

[UncleTrvlingJim]

And for the record we spend about 3 times as much on oil and other fossil fuel subsidies than we do on renewable energy. And that doesn't count wars we've fought to maintain a stable supply line.

 

[Taurus]

I see that, but is it free market when government regulations are in play?

You do realize that unfettered capitalism is just feudalism without noblesse oblige.
(IE: it's even worse)

 

[Farb]

Yes. Show me any industry that doesn’t have some regulations.

They all do, part of being in a society. However, you said that government has zero input on the oil companys who are simply reading the demand the side from the public. I am saying that demand side is heavily influence by the government to point the oil the companies in one way. For example, Super Kerry flies around in his personal jet, bulling banks (as a member of the administration) to not loan money to fossil fuel.

Does that sound 'regulation' or an administration at war with fossil fuel industry?

I wonder why the oil industry doesn't help this guy and 'drill' more now that he asked?

 

[Farb]

Basically, I'm saying that if oil companies were truly worried that they were going to be phased out in the near term, they'd be pumping out oil now as fast as they can to get their profits in now before it all goes away. By not pumping oil as fast as they can, they are helping oil prices to stay high which in fact will phase them out faster. This suggests that they are not worried about disappearing in the near term, instead they are not producing more because of other reasons.

Now, those other reasons are - collusion (they are making killer profits right now, and if they limit production, they can continue those profits, but that only works so long as they can trust other producers to other limit production -- collusion) or basic market capitalism - they know that certain oil fields are only profitable when oil is above a certain price. Right now oil is above that price HOWEVER, in the past they've been burned by taking on expensive extraction projects only to have the oil market collapse and causing massive losses. So they are risk averse because they know that this spike in oil prices is temporary and most new drilling projects will not be profitable when the oil market collapses again.

If everything suddenly want electric over night in this country, then oil would still be needed. Very few other countries can go electric and rely on oil. Even the machines that generate the electric rely on oil. Most everything we use has petrol in it.

 

[Farb]

You do realize that unfettered capitalism is just feudalism without noblesse oblige.
(IE: it's even worse)

Yeah, I notice that. The world poverty rate since the 80s has been very feudalist. LOL

 

[Sandman]

They all do, part of being in a society. However, you said that government has zero input on the oil companys who are simply reading the demand the side from the public. I am saying that demand side is heavily influence by the government to point the oil the companies in one way. For example, Super Kerry flies around in his personal jet, bulling banks (as a member of the administration) to not loan money to fossil fuel.

Does that sound 'regulation' or an administration at war with fossil fuel industry?

I wonder why the oil industry doesn't help this guy and 'drill' more now that he asked?

I never said they had “zero input.” I have said the market is the driving factor. It is. If government could shut down a business just by being mean to it, no one would be able to buy a cigarette today.

With that said, it is very clear we are moving to an electric based auto system. I gave you the link to the article where Ford was building a plant and then said, “holy hell, we have to make this bigger” because demand was so high. I am sick and tired of the yo-yo gas price rides every 5 years. So are most Americans.

Biden is begging oil companies to drill right now. In your scenario, they should be jumping at the bit to do it because government is asking them to do it. It is not happening. Ford is investing almost $4 billion in electric cars. Companies don’t lay out that much of an investment if they don’t think the market will pay that out and then some.

You are “team gasoline.” All of your arguments are “team” based on this forum. You see what your team wants, and you argue for it. Team gasoline couldn’t give two ***** about you. Remember when Trump asked the Saudis to cut oil production during the pandemic? That was team gasoline trying to drive up the price of gas. To who’s benefit? How was America at large harmed by low gas prices? It made everything less expensive. We have high inflation in most part due to high gasoline prices, and yet here you are arguing that we should be staying with the gasoline system that put us in this situation.

You are willing to subject the country to economic volatility so your team can win. It’s freaking stupid. That is why your arguments never make sense. You try to work back from the opinion of your team and try to bend the facts to fit the opinion, instead of looking at the facts and then coming to an opinion based on the facts.

 

[Taurus]

Yeah, I notice that. The world poverty rate since the 80s has been very feudalist. LOL

You're right. Excellent observation. The span between the top and the bottom has exploded.

 

[Farb]

I never said they had “zero input.” I have said the market is the driving factor. It is. If government could shut down a business just by being mean to it, no one would be able to buy a cigarette today.

With that said, it is very clear we are moving to an electric based auto system. I gave you the link to the article where Ford was building a plant and then said, “holy hell, we have to make this bigger” because demand was so high. I am sick and tired of the yo-yo gas price rides every 5 years. So are most Americans.

Biden is begging oil companies to drill right now. In your scenario, they should be jumping at the bit to do it because government is asking them to do it. It is not happening. Ford is investing almost $4 billion in electric cars. Companies don’t lay out that much of an investment if they don’t think the market will pay that out and then some.

You are “team gasoline.” All of your arguments are “team” based on this forum. You see what your team wants, and you argue for it. Team gasoline couldn’t give two ***** about you. Remember when Trump asked the Saudis to cut oil production during the pandemic? That was team gasoline trying to drive up the price of gas. To who’s benefit? How was America at large harmed by low gas prices? It made everything less expensive. We have high inflation in most part due to high gasoline prices, and yet here you are arguing that we should be staying with the gasoline system that put us in this situation.

You are willing to subject the country to economic volatility so your team can win. It’s freaking stupid. That is why your arguments never make sense. You try to work back from the opinion of your team and try to bend the facts to fit the opinion, instead of looking at the facts and then coming to an opinion based on the facts.

You are lecturing on being 'team gasoline' (not even sure what the heck that means) but I guess that means you are 'team electric'? You also say I am being political because I don't swap sides to be 'team green or whatever' so essentially, I am an idiot for not agreeing with your 'neutral' stance. So neutral in fact that you lecture how evil 'team gasoline' is by trying to raise to gas prices. Earlier you accused me of trying to make this 'political' as you just brought up what orange man did during the pandemic as part of 'team gasoline' that doesn't give a poop about me. Does that sound all enlightened and political neutral? Nice try.

Do you deny that the Biden administration is actively trying to stop oil companies access to the free market lending of private banks? Is that not political? For someone who so desperately wants their team to not be blamed for the rising fuel prices, you have an odd way of pretending you are neutral just stating facts.

I am stupid for wanting gas prices to be lowered and I am willing to subject the entire country to economic volatility when the simple and plain fact is that your team is the one that has subjected the entire country to volatility due to you genuflecting at the alter of the Green New Deal.

of course demand is up for electric, as per design by the administration and the Dems and Reps in office. To act like this is not political is desperate and just stupid to be honest.

https://finance.yahoo.com/news/api-urges-biden-restore-us-120000974.html

1. Lift Development Restrictions on Federal Lands and Waters

The Department of the Interior (DOI) should swiftly issue a 5-year program for the Outer Continental Shelf and hold mandated quarterly onshore lease sales with equitable terms. DOI should reinstate canceled sales and valid leases on federal lands and waters.

2. Designate Critical Energy Infrastructure Projects

Congress should authorize critical energy infrastructure projects to support the production, processing and delivery of energy. These projects would be of such concern to the national interest that they would be entitled to undergo a streamlined review and permitting process not to exceed one year.

3. Fix the NEPA Permitting Process

The Biden administration should revise the National Environmental Policy Act (NEPA) process by establishing agency uniformity in reviews, limiting reviews to two years, and reducing bureaucratic burdens placed on project proponents in terms of size and scope of application submissions.

4. Accelerate LNG Exports and Approve Pending LNG Applications

Congress should amend the Natural Gas Act to streamline the Department of Energy (DOE) to a single approval process for all U.S. LNG projects. DOE should approve pending LNG applications to enable the U.S. to deliver reliable energy to our allies abroad.

5. Unlock Investment and Access to Capital

The Securities and Exchange Commission should reconsider its overly burdensome and ineffective climate disclosure proposal and the Biden administration should ensure open capital markets where access is based upon individual company merit free from artificial constraints based on government-preferred investment allocations.

6. Dismantle Supply Chain Bottlenecks

President Biden should rescind steel tariffs that remain on imports from U.S. allies as steel is a critical component of energy production, transportation, and refining. The Biden administration should accelerate efforts to relieve port congestion so that equipment necessary for energy development can be delivered and installed.

7. Advance Lower Carbon Energy Tax Provisions

Congress should expand and extend Section 45Q tax credits for carbon capture, utilization, and storage development and create a new tax credit for hydrogen produced from all sources.

8. Protect Competition in the Use of Refining Technologies

The Biden administration should ensure that future federal agency rulemakings continue to allow U.S. refineries to use the existing critical process technologies to produce the fuels needed for global energy markets.

9. End Permitting Obstruction on Natural Gas Projects

The Federal Energy Regulatory Commission should cease efforts to overstep its permitting authority under the Natural Gas Act and should adhere to traditional considerations of public needs as well as focus on direct impacts arising from the construction and operation of natural gas projects.

10. Advance the Energy Workforce of the Future

Congress and the Biden administration should support the training and education of a diverse workforce through increased funding of work-based learning and advancement of STEM programs to nurture the skills necessary to construct and operate oil, natural gas and other energy infrastructure.

 

[Farb]

You're right. Excellent observation. The span between the top and the bottom has exploded.

Do you know what 'poverty' means? I can give you a minute if needed.

https://www.macrotrends.net/countries/WLD/world/poverty-rate

 

[Taurus]

Do you know what 'poverty' means? I can give you a minute if needed.

https://www.macrotrends.net/countries/WLD/world/poverty-rate

I wasn't referring to overall poverty. That's not how feudalism works. You can have well-fed peasants, you can have starving peasants. The point is they're still peasants.

Are you familiar with the song Sixteen Tons? The great-grandparents of today's coal miners, who literally went to war for the right to unionize and to get paid in US currency, would vomit at what their progeny support these days.

 

[Farb]

I wasn't referring to overall poverty. That's not how feudalism works. You can have well-fed peasants, you can have starving peasants. The point is they're still peasants.

Are you familiar with the song Sixteen Tons? The great-grandparents of today's coal miners, who literally went to war for the right to unionize and to get paid in US currency, would vomit at what their progeny support these days.

So you agree capitalism has had a net positive effect on the global poverty rate?

 

[Sandman]

You are lecturing on being 'team gasoline' (not even sure what the heck that means) but I guess that means you are 'team electric'? You also say I am being political because I don't swap sides to be 'team green or whatever' so essentially, I am an idiot for not agreeing with your 'neutral' stance. So neutral in fact that you lecture how evil 'team gasoline' is by trying to raise to gas prices. Earlier you accused me of trying to make this 'political' as you just brought up what orange man did during the pandemic as part of 'team gasoline' that doesn't give a poop about me. Does that sound all enlightened and political neutral? Nice try.

Do you deny that the Biden administration is actively trying to stop oil companies access to the free market lending of private banks? Is that not political? For someone who so desperately wants their team to not be blamed for the rising fuel prices, you have an odd way of pretending you are neutral just stating facts.

I am stupid for wanting gas prices to be lowered and I am willing to subject the entire country to economic volatility when the simple and plain fact is that your team is the one that has subjected the entire country to volatility due to you genuflecting at the alter of the Green New Deal.

of course demand is up for electric, as per design by the administration and the Dems and Reps in office. To act like this is not political is desperate and just stupid to be honest.

https://finance.yahoo.com/news/api-urges-biden-restore-us-120000974.html

1. Lift Development Restrictions on Federal Lands and Waters

The Department of the Interior (DOI) should swiftly issue a 5-year program for the Outer Continental Shelf and hold mandated quarterly onshore lease sales with equitable terms. DOI should reinstate canceled sales and valid leases on federal lands and waters.

2. Designate Critical Energy Infrastructure Projects

Congress should authorize critical energy infrastructure projects to support the production, processing and delivery of energy. These projects would be of such concern to the national interest that they would be entitled to undergo a streamlined review and permitting process not to exceed one year.

3. Fix the NEPA Permitting Process

The Biden administration should revise the National Environmental Policy Act (NEPA) process by establishing agency uniformity in reviews, limiting reviews to two years, and reducing bureaucratic burdens placed on project proponents in terms of size and scope of application submissions.

4. Accelerate LNG Exports and Approve Pending LNG Applications

Congress should amend the Natural Gas Act to streamline the Department of Energy (DOE) to a single approval process for all U.S. LNG projects. DOE should approve pending LNG applications to enable the U.S. to deliver reliable energy to our allies abroad.

5. Unlock Investment and Access to Capital

The Securities and Exchange Commission should reconsider its overly burdensome and ineffective climate disclosure proposal and the Biden administration should ensure open capital markets where access is based upon individual company merit free from artificial constraints based on government-preferred investment allocations.

6. Dismantle Supply Chain Bottlenecks

President Biden should rescind steel tariffs that remain on imports from U.S. allies as steel is a critical component of energy production, transportation, and refining. The Biden administration should accelerate efforts to relieve port congestion so that equipment necessary for energy development can be delivered and installed.

7. Advance Lower Carbon Energy Tax Provisions

Congress should expand and extend Section 45Q tax credits for carbon capture, utilization, and storage development and create a new tax credit for hydrogen produced from all sources.

8. Protect Competition in the Use of Refining Technologies

The Biden administration should ensure that future federal agency rulemakings continue to allow U.S. refineries to use the existing critical process technologies to produce the fuels needed for global energy markets.

9. End Permitting Obstruction on Natural Gas Projects

The Federal Energy Regulatory Commission should cease efforts to overstep its permitting authority under the Natural Gas Act and should adhere to traditional considerations of public needs as well as focus on direct impacts arising from the construction and operation of natural gas projects.

10. Advance the Energy Workforce of the Future

Congress and the Biden administration should support the training and education of a diverse workforce through increased funding of work-based learning and advancement of STEM programs to nurture the skills necessary to construct and operate oil, natural gas and other energy infrastructure.

Lol. Yes. You are team gasoline. You have been informed why gas prices are so high, but you want to ignore it so you can play the blame game. You want lower prices? Get the oil industry to build more gas plants. Good luck with that. It is a money loser for them. They have an obligation to their stockholders to maximize profits. I guess you want them to lose money.

Biden could do all you say, but the oil industry still wouldn’t take the huge risk of losing their butts to build at least 5 new gasoline plants (which is the minimum needed to get us back to where we were) Heck, they haven’t built one since 1977. What on Earth makes you think that will change now? They weren’t building extra plants under Reagan, Bush, Bush 2, or Trump. Now they are suddenly going to start. They just won’t do it. It is the smart business plan not to.

Again, you WANT this to be Biden’s fault. That is where your position started from. I don’t care. If he was to blame, I would place the blame there. You don’t see me blaming the oil industry like some have. I understand they have to make business decisions based on future market projections. This isn’t anyone’s fault. Technology advances. Electric cars become more viable. Gas becomes more obsolete. Industries adapt to changing conditions or they die. This is just some basic economic stuff you just refuse to grasp.

 

[Taurus]

So you agree capitalism has had a net positive effect on the global poverty rate?

Unfettered, I said.

 

[SaulGoodmanEsq]

Interesting portent for 2024...