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Biden dishonestly deflects.

They DON'T want to increase their production. That is not in their business model for 2022......why is that a difficult concept for you to grasp? Oil companies are using their money to buy back shares NOT to increase production......its not difficult just not your preferred narrative.
If that's true is based on current market and regulatory conditions.
 
They DON'T want to increase their production. That is not in their business model for 2022......why is that a difficult concept for you to grasp? Oil companies are using their money to buy back shares NOT to increase production......its not difficult just not your preferred narrative.
Because it's not the narrative fox is telling them to follow.
 
Biden has accused oil companies of not using leases. But there are legitimate reasons why.

Third time, please source this or quote it from the article.
 
Really? No, that is just intellectual laziness on your part. The executive clearly states permits are not the issue and thay their focus is sharholder value including stock buy backs.
 

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She didn't read it.
That is obvious at this point.
Find a headline that matches your world view and post a thread without being able to back it up. Sounds like a fishing expedition........
 
Really? No, that is just intellectual laziness on your part. The executive clearly states permits are not the issue and thay their focus is sharholder value including stock buy backs.
No kidding. And what achieves shareholder value changes under different regulatory conditions.
 
No kidding. And what achieves shareholder value changes under different regulatory conditions.
In other words...." uncle " on your part...

Edited
 
They DON'T want to increase their production. That is not in their business model for 2022......why is that a difficult concept for you to grasp? Oil companies are using their money to buy back shares NOT to increase production......its not difficult just not your preferred narrative.

The prices of everything is going to stay high, because the companies are seeing the huge profits. They can blame demand and supply issues but how much you want to bet they stay up when it has passed? that's the greed the right worships. it is indefensible and is the cause of the vast majority of this country's problem.
 


They absolutely know this is a dishonest deflection, yet double down on it.
distorted view here-------------I suggest finding a valid source
 
"There are 9,000 approved drilling permits that are not being used," Psaki repeated on Monday. "So the suggestion that we are not allowing companies to drill is inaccurate. The suggestion that that is what is hindering or preventing gas prices to come down is inaccurate."
The claim deflects from the administration's policies hostile toward fossil fuels. Even as gas prices skyrocket to historic highs, the Biden administration is looking internationally — to Venezuela and Saudi Arabia — to supply American oil needs, instead of working to empower domestic producers.

Are they using the leases or are they not?

saying something that doesn't support a Trumpist narrative ≠ "deflecting".



At any rate, we are now embargoing Russian oil. You called for it. Are you going to also be blaming Biden for high oil prices?
Aand Trump is mentioned again! Drink!

drinking-game-1.jpeg
 
They DON'T want to increase their production. That is not in their business model for 2022......why is that a difficult concept for you to grasp? Oil companies are using their money to buy back shares NOT to increase production......its not difficult just not your preferred narrative.
Correct !!! How about the oil companies forgo some of that $174 BILLION profit they made in 2021?

FOR THE RECORD - THIS IS FROM 2004

Most oil leases on public lands go unused​

A review of federal records shows that nearly three-fourths of the 40 million acres of public land currently leased for oil and gas development in the continental United States isn’t producing any oil or gas.
Nearly three-fourths of the 40 million acres of public land currently leased for oil and gas development in the continental United States outside Alaska isn’t producing any oil or gas, federal records show, even as the Bush administration pushes to open more environmentally sensitive public lands for oil and gas development.

An Associated Press computer analysis of Bureau of Land Management records found that 80 percent of federal lands leased for oil and gas production in Wyoming are producing no oil or gas. Neither are 83 percent of the leased acres in Montana, 77 percent in Utah, 71 percent in Colorado, 36 percent in New Mexico and 99 percent in Nevada.

How much exploration has occurred on the nearly 30 million acres of non-producing public land leases is difficult to say. BLM officials could provide no details on the number of exploratory wells drilled on those leases, despite repeated requests for that information over the past two months.

 
Correct !!! How about the oil companies forgo some of that $174 BILLION profit they made in 2021?

FOR THE RECORD - THIS IS FROM 2004

Most oil leases on public lands go unused​

A review of federal records shows that nearly three-fourths of the 40 million acres of public land currently leased for oil and gas development in the continental United States isn’t producing any oil or gas.
Nearly three-fourths of the 40 million acres of public land currently leased for oil and gas development in the continental United States outside Alaska isn’t producing any oil or gas, federal records show, even as the Bush administration pushes to open more environmentally sensitive public lands for oil and gas development.

An Associated Press computer analysis of Bureau of Land Management records found that 80 percent of federal lands leased for oil and gas production in Wyoming are producing no oil or gas. Neither are 83 percent of the leased acres in Montana, 77 percent in Utah, 71 percent in Colorado, 36 percent in New Mexico and 99 percent in Nevada.

How much exploration has occurred on the nearly 30 million acres of non-producing public land leases is difficult to say. BLM officials could provide no details on the number of exploratory wells drilled on those leases, despite repeated requests for that information over the past two months.

Will you give them some extra money when they have bad years?
 
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