Liberal Forum

Blackvegetable » 09 Dec 2024, 1:15 pm » wrote: ↑

09 Dec 2024, 1:15 pm

you don't know **** about that either...

But you know the break even in 2020 and 2024.

They suggest to you that, ceteris paribus, nothing that Biden has done has materially changed the cost of drilling in ANWR.

Once again, you proven you know NOTHING about how new fees and regulations forced on oil companies affect the retail price of gas and heating oil.  Only a complete imbecile like yourself can possibly believe that Biden's actions on his first day in office didn't affect what oil companies now have to pay to pump and transport it to the retail locations.  Apparently, you find it impossible to grasp the fact that they MUST PASS ON BIDEN'S FEES TO THE PRICE AT THE PUMP!

Since you're SO concerned about that "break even point", maybe you can explain how you believe that point DOES NOT CHANGE when the price the Fed charges the oil companies rise?

With each of your idiotic responses, you plunge into new depths of ignorance, which you seem quite proud of!
How is it that anyone as dumb as you has survived this long? 

US finalizes higher fees for oil and gas companies on federal lands

Reuters By Nichola Groom
April 12 (Reuters) -  Joe Biden's administration on Friday finalized a range of reforms designed to boost returns and address environmental harms from drilling on public lands, a move that will increase fees for oil and gas companies that operate there.
 Many of the changes by the Interior Dept. Bureau of Land Management formalize provisions in Biden's climate change law, the 2022 Inflation Reduction Act .
Under the new policy, oil and gas companies will pay higher bonding rates to plug abandoned oil and gas wells as well as increased lease rents, minimum auction bids and royalty rates for the fuels they extract. The rules also limit drilling in sensitive wildlife areas.

 

Why Biden energy policies have contributed to surging oil prices

NY Post by Thomas Barrabi  3/9/22

 If President Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new energy online. Just look at what happened in the wake of the UAE and Iraq saying they’d up production by an estimated 800,000 barrels a day: The global price of oil dropped by $22 a barrel in minutes.If Biden signaled full-throated support for US drillers to get to work — and allowed the re-starting of the Keystone XL Pipeline — global oil prices could similarly fall sharply, the industry experts told The Post.

 

Biden administration rule to bring at least tenfold cost increase for oil drilling on federal lands
By MAXINE JOSELOW THE WASHINGTON POST • 4/12/24

 Oil and gas companies face at least a tenfold increase in costs to drill on federal lands under a Biden administration rule. The rule released Friday represents the first comprehensive update to the federal oil and gas leasing program in more than 30 years. It comes as the US pumps more crude oil than any other country in history - an uncomfortable fact facing Biden as he touts his climate agenda on the campaign trail. The move by the Interior Department will require oil companies to pay $150,000 per lease on federal lands, up from $10,000.

Now, go educate your stupid self to at least reach the point of any 9th grader who has taken Economics 101, because he's clearly far more intelligent than  a moron like you!