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In Sweeping Actions on Climate, Biden to ‘Pause’ Oil and Gas Leasing

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audiophile
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In Sweeping Actions on Climate, Biden to ‘Pause’ Oil and Gas Leasing

Post by audiophile » Wed Jan 27, 2021 11:15 am

https://www.msn.com/en-us/news/politics ... as-leasing

Dumb reason for ending ("pausing") it.


With the combination of $15 minimum wage, increasing energy prices, and weakness on Iran, we are looking at the Carter administration deux.


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TC Talks
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Re: In Sweeping Actions on Climate, Biden to ‘Pause’ Oil and Gas Leasing

Post by TC Talks » Wed Jan 27, 2021 11:53 am

No we aren't. If anything, it would stabilize the oil and gas economy in many parts of the country. Most if not all oil production is on private land in the US. Only a few companies will be impacted.
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audiophile
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Re: In Sweeping Actions on Climate, Biden to ‘Pause’ Oil and Gas Leasing

Post by audiophile » Wed Jan 27, 2021 12:06 pm

Note to self: "stabilize" is a code word for higher prices.
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Re: In Sweeping Actions on Climate, Biden to ‘Pause’ Oil and Gas Leasing

Post by Rate This » Wed Jan 27, 2021 1:54 pm

audiophile wrote: ↑
Wed Jan 27, 2021 12:06 pm
 Note to self: "stabilize" is a code word for higher prices.
But we won’t see higher prices magically. Especially not by ending a pipeline or oil and gas drilling that don’t currently exist. You have to change the supply to raise the prices. None of this cuts supply because it doesn’t exist yet.
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Re: In Sweeping Actions on Climate, Biden to ‘Pause’ Oil and Gas Leasing

Post by MotorCityRadioFreak » Thu Jan 28, 2021 12:41 am

The oil barons will use anything to justify higher gas prices and increase the value of their stocks.
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paul8539
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Re: In Sweeping Actions on Climate, Biden to ‘Pause’ Oil and Gas Leasing

Post by paul8539 » Thu Jan 28, 2021 8:52 pm

If you really want to put these guys out of business, get oil back down to $20 a barrel, and gas to less than $1 a gallon.
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