United States Biden administration policies and actions - megathread

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If Biden lifted his ban on new drilling and on fraking we would have tons more oil. At these prices people would go crazy on drilling. Exactly like what happened with Trump when he let people do it. They would tap new stuff till the price of oil dropped and then the new drilling would stop when it was no longer super profitable.

This is a known fact at this point. We have examples and references.

But bidens not going to lift restrictions and let new people drill so why would the people that have a lock on domestic increase supply when they can get enormous profits by keeping the supply the same.

Biden is lying and knows it.
 
Bacle said:
Except I think this is about more than the Polish MiGs; this is an open invitation for Poland, Romania, and other Eastern Europe NATO members to get directly involved in Ukraine, to pretty much any degree they want, and still have Article 5 protection.
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Well, he did make sure to hammer home "NATO territory", meaning Russia is free to kill all the Poles that cross the Ukrainian border without NATO itself attacking.
Bacle said:
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I wonder if the poster is aware of the historical juxtaposition they are making by giving Biden the "Uncle Joe" moniker.
 
prinCZess said:
That seems an overreaction. NATO (and friends) are already giving Ukraine (probably more useful currently with Russian air defense and competing air forces still existing) lethal aid. Jets would just be more expensive versions of it--and still a step-removed from shit that happened in the Cold War of lethal aid like that being flown by Soviets in Korea and Vietnam that failed to inspire a world war.

For his failings, I doubt Putin is more inclined to world war than were Brezhnev or Nixon.
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He may not be inclined to starting a World War, but the Biden administration may not give him any choice in the matter. The plan seems to be to bring back the Cold War, so that they can use it to justify the Great Reset and a massive shift towards authoritarianism; but doing so is going to put us the same situation we were in with the last one, where one stupid mistake will cause it to heat up rapidly, and potentially kill us all overnight.
 
Bacle said:


Biden says the oil companies do not want to pump more oil in the USm and want to just use the oil money to buy back stock.

Not sure if he's full of shit on this, but from what I know of the oil and gas industry...unfortunately plausible.

Edit: Copied wrong tweet initially.
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Sort of yes. According to more leftward sources not all currently allowed drilling permits are being exploited because the oil companies, or more specifically their investors, took a bath towards the end of the shale boom and during Covid. They're being slow to expand production specifically to keep prices up and recoup their losses. I haven't confirmed this myself but it sounds perfectly plausible.

This doesn't change the many, many other things the Biden administration has done to chill oil production, such as killing keystone, putting Green activists into the important administratorial slots that oversee all of this, and making grand signals about reducing drilling. That second one is really important since democrats have mastered the art of acting reasonable on the political stage while using goons in the deep state and fourth estate to do the dirty work work outside of the limelight. Anyone who's had the pleasure of working with the Bureau of Land Management knows the playbook at this point.

His stunts with Saudi Arabia and Venezuela are also a joke. Even if Venezuela was a useful oil exporter, which its not since they exclusively produce tar oil and not very much of it now after the economic collapse, going hat in hand to Maduro is not even a short term good idea. And of course the Saudis have been shitstains for decades and really need to be cut loose. They stopped being worth it a long time ago.

Energy independence is a pretty easy formula and even goes a long way to compromise with the greens. A base of nuclear electricity, supplemented by renewables where available, and then with the meat of variating production filled in by preferably natural gas, with oil and coal where necessary. That right there is an actual infrastructure boondoggle that would be worth the pile of increasingly worthless monopoly money we'd spend on it.
 
f1onagher said:
Sort of yes. According to more leftward sources not all currently allowed drilling permits are being exploited because the oil companies, or more specifically their investors, took a bath towards the end of the shale boom and during Covid. They're being slow to expand production specifically to keep prices up and recoup their losses. I haven't confirmed this myself but it sounds perfectly plausible.

This doesn't change the many, many other things the Biden administration has done to chill oil production, such as killing keystone, putting Green activists into the important administratorial slots that oversee all of this, and making grand signals about reducing drilling. That second one is really important since democrats have mastered the art of acting reasonable on the political stage while using goons in the deep state and fourth estate to do the dirty work work outside of the limelight. Anyone who's had the pleasure of working with the Bureau of Land Management knows the playbook at this point.

His stunts with Saudi Arabia and Venezuela are also a joke. Even if Venezuela was a useful oil exporter, which its not since they exclusively produce tar oil and not very much of it now after the economic collapse, going hat in hand to Maduro is not even a short term good idea. And of course the Saudis have been shitstains for decades and really need to be cut loose. They stopped being worth it a long time ago.

Energy independence is a pretty easy formula and even goes a long way to compromise with the greens. A base of nuclear electricity, supplemented by renewables where available, and then with the meat of variating production filled in by preferably natural gas, with oil and coal where necessary. That right there is an actual infrastructure boondoggle that would be worth the pile of increasingly worthless monopoly money we'd spend on it.
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A lot of energy companies have at least a couple green fanatics on their boards of directors that don't want new drilling at any cost.
 
Honestly, I have trouble accepting that companies are simply refusing to sell their product out of some long-term strategy. Half the problem with modern US Businesses is a tendency to pursue immediate profits right now and working whatever social cause is popular right now at the expense of any long-term development or growth.

I'm not saying I find it impossible but it seems counter-intuitive to me.
 
Bear Ribs said:
Honestly, I have trouble accepting that companies are simply refusing to sell their product out of some long-term strategy. Half the problem with modern US Businesses is a tendency to pursue immediate profits right now and working whatever social cause is popular right now at the expense of any long-term development or growth.

I'm not saying I find it impossible but it seems counter-intuitive to me.
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Oil is different; they know they will be able to sell it later, and just pumping more now would lower the price, and their profit margins.

I've known people in the oil industry due to the geology program I got my degree from, and from family history. Oil companies would rather let oil sit in the ground than drop the price of crude most of the time, and many people, even on the oil rig worker level, do not give a damn what the price of oil does to the cost of consumer goods or society at large. Because they can make money hand over fist during normal times, and during times like this, they can make even more.
 
f1onagher said:
Energy independence is a pretty easy formula and even goes a long way to compromise with the greens. A base of nuclear electricity, supplemented by renewables where available, and then with the meat of variating production filled in by preferably natural gas, with oil and coal where necessary. That right there is an actual infrastructure boondoggle that would be worth the pile of increasingly worthless monopoly money we'd spend on it.
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Unfortunately, they've already admitted that they're not interested in permanent solutions; they want temporary fixes that will ultimately cost more in the long run.
www.breitbart.com

Buttigieg on Keystone Pipeline amid Ukraine Invasion: We Don't Want 'Permanent Solutions' to Short Term Problems

Transportation Secretary Pete Buttigieg said Wednesday on MSNBC's "The 11th Hour" that to combat oil prices skyrocketing amid the Russian invasion of Ukraine, President Joe Biden did not want to authorize the Keystone Pipeline. | Clips
www.breitbart.com www.breitbart.com
 
ALARM!

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I found some stuff about rockets being fired at the US embassy in Iraq

Can't find anything about missiles being fired on Tehran.

abcnews.go.com

Iran claims missile barrage near US consulate in Iraq

Iran has claimed responsibility for a missile barrage that struck near a sprawling U.S. consulate complex in the northern Iraqi city of Irbil, saying it was retaliation for an Israeli strike in Syria that killed two members of its Revolutionary Guard
abcnews.go.com abcnews.go.com
 
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