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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

Unread post by audiophile »

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

Unread post by TC Talks »

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

Unread post by audiophile »

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

Unread post by Rate This »

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.
Donald Trump… In your guts you know he’s nuts.
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MotorCityRadioFreak
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Re: In Sweeping Actions on Climate, Biden to ‘Pause’ Oil and Gas Leasing

Unread post by MotorCityRadioFreak »

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

Unread post by paul8539 »

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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