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You mean the FOX News article.Obviously you ignored the thrust of the MSN article that blamed Biden's energy policy.
You mean the FOX News article.Obviously you ignored the thrust of the MSN article that blamed Biden's energy policy.
It's called supply and demand. Trump increased supply and prices went down. Biddn decreased supply and prices went up. Gasoline has also nearly doubled in price since Biden took office.Tell yourself whatever you need to believe so you are not out of favor with the cult.
The President of the United States does not impact gas prices. Never did. The liberals who blamed them on Bush learned that. Now the idiots blaming it on Biden need to learn it too.
Thanks for showing where we were and how we were energy independent under Trump. Biden reversed that.Simple enough. Quit exporting NG to the world. Use what the US extracts for domestic consumption.
Interesting the US exported NG and yet still imported NG.
" The United States exported a total of around 5,281 billion cubic feet of natural gas in 2020. This was the peak in the period of consideration and an increase of over 600 billion cubic feet compared to the previous year."
U.S. natural gas exports 2020 | Statista
The United States exported a total of around 5,281 billion cubic feet of natural gas in 2020.www.statista.com
"In 2020, the United States imported 2,552 billion cubic feet of natural gas. U.S. imports of natural gas strongly increased from the 1990s to the early 2000s and peaked around the mid-2000s. As the U.S. has increased its domestic production of natural gas, the need for imports has steadily declined, despite an overall growing demand for the energy source."
U.S. natural gas imports 2020 | Statista
In 2020, the United States imported 2,552 billion cubic feet of natural gas.www.statista.com
Bro did you even read the article you posted? The author blamed it on the hurricane. LMAO what is it with conservatives posting articles that directly disprove their bs?
Hurricane Ida not only hit 90% of natural gas output but also did major damage to key onshore staging areas and because of that, it is taking much longer to restore natural gas production than ever. Over 78% of the Gulf of Mexico's Natural gas production remains offline and there is no clear timeline as to when they can get things back to normal. The pace of recovery, in just the natural gas side of the equation, is one of the slowest recoveries in history, worse than Hurricane Katrina back in 2005.
That is bad news and timing because this is the time of year the U.S. has to build inventories so that we can have enough supply to get through winter. The way the natural gas market works is kind of like the way squirrels work. At this time of year, they collect their acorns so they can get through winter, That is exactly what the US energy industry has to do with natural gas, so they have to have extra supply and storage so that during cold winters they have enough to meet increased demand.
Currently, natural gas supplies in storage are 16.8% below year-ago levels and 7.2% below the five-year average. If we don’t see Gulf production bounce back those supply deficits will grow to cause a situation that could leave us vulnerable to price spikes if not shortages.
Uh, read past the first line in the article
It's called supply and demand. Trump increased supply and prices went down. Biddn decreased supply and prices went up. Gasoline has also nearly doubled in price since Biden took office.
natural gas prices have nothing to do with any policy put in place by Biden.Biden will blame it on the hurricane but the truth is prices were already soaring and will now skyrocket because of Biden's poor energy policies.
"Currently, natural gas supplies in storage are 16.8% below year-ago levels and 7.2% below the five-year average"
"The U.S. in recent years has been less reliant on Gulf of Mexico gas production because of fracking and the shale gas revolution. Shale production of natural gas was a historic game-changer as we went from a country that couldn't produce enough to meet our own needs to become the biggest producer in the world. Our increased production of natural gas also dramatically lowered our greenhouse gas emissions as the US was able to replace dirty coal plants with much cleaner-burning natural gas.
Under President Trump U.S. natural gas production grew by 10.0 billion cubic feet per day (Bcf/d) in 2018, an 11% increase from 2017. The growth was the largest annual increase in production on record, reaching a record high for the second consecutive year.
Yet but the anti-drilling campaign by the Biden administration and the desire to push more natural gas production offshore created a situation where U.S. production is stagnant as opposed to growing. Natural gas production fell to 91.7 billion cubic feet in the first half of this year. As a result, natural gas future prices have risen 94% since President Biden was inaugurated. That is the biggest surge in natural gas prices going back to the year 2000. "
the Gulf of Mexico is also in Texas...you realize that right?Obviously you only read the parts that fit your narrative.That's SOP for the left.
natural gas future prices have risen 94% since President Biden was inaugurated. That is the biggest surge in natural gas prices going back to the year 2000. "
"The U.S. in recent years has been less reliant on Gulf of Mexico gas production because of fracking and the shale gas revolution. Shale production of natural gas was a historic game-changer as we went from a country that couldn't produce enough to meet our own needs to become the biggest producer in the world."
Prices for NG were already up 94% due to Bidens enegy policy.
If Biden hadn't stopped fracking on federal lands we would not be so dependent on gulf oil ravged by the hurricane.
Get it now?
Well, it also blamed it on the new Administration’s desire to reduce fracking.
Although it did not even attempt to explain this allegation at all. How could a policy preference cause such a change in six months??
The answer is, of course, that it’s highly unlikely.
In discussing the shortage in terms of refinery output and capacity, the article seems to suggest that gas fracked doesn’t need to be refined!!!!
They don’t explain that either.
So, it’s obviously just a right wing talking point, the sort of thing that Fox encourages in its “reporting” all the time. Innuendo and suggestion, not based on any real fact.
The article says we are now more dependent on gulf oil due to Bidens anti drilling policies. This will make hurricane damage to gulf production have a greater impact on prices that have already gone up over 90% since he was inaugurated. Put gas in your car lately? Same thing.Why? You didn’t.
The article blames the current predicted shortage on the lack of refinery capacity, which has plagued the petroleum industry in the US ever since the Texas power grid collapsed last February and all the refineries in Texas shut down. Since then there have been spot shortages of resins for paint and epoxy and many other by products. It’s no surprise that natural gas is in the mix.
Your article says nothing in explanation of the oft repeated right wing claim that policy shift by the Biden Administration is a cause.
Sorry, but you don’t drill a well on Monday, and start pumping gas on Tuesday, which is the kind of moronic thinking that misleading claims like the one tacked onto this article encourage.
He clearly doesn't understand that gas drillers stop drilling and cap wells if prices fall below a certain level...ask anyone in the oil industry....its a loss to them to keep drilling at a cheaper price.The very low pricing in 2019 and 2020 caused a large drop in drilling as many oil and gas companies were collapsing under heavy debt loads and low pricing. Biden’s policies won’t have an impact in actual supply for another 6 months at the earliest
we just had a major hurricane hit Louisiana...Louisiana of course bumps up to the Gulf of MEXICO....The article says we are now more dependent on gulf oil due to Bidens anti drilling policies. This will make hurricane damage to gulf production have a greater impact on prices that have already gone up over 90% since he was inaugurated. Put gas in your car lately? Same thing.
Please read the article in an OP before making silly comments.the Gulf of Mexico is also in Texas...you realize that right?
He clearly doesn't understand that gas drillers stop drilling and cap wells if prices fall below a certain level...ask anyone in the oil industry....its a loss to them to keep drilling at a cheaper price.
Um, a good portion of the Gulf of Mexico, is in THE USA.....guffaw....Texas, Louisiana, MississippiPlease read the article in an OP before making silly comments.
"Over 78% of the Gulf of Mexico's Natural gas production remains offline and there is no clear timeline as to when they can get things back to normal."
Yes, expensive to get oil was capped during cheap oil.The very low pricing in 2019 and 2020 caused a large drop in drilling as many oil and gas companies were collapsing under heavy debt loads and low pricing. Biden’s policies won’t have an impact in actual supply for another 6 months at the earliest
I'm sure she had a point. LOLUm, a good portion of the Gulf of Mexico, is in THE USA.....guffaw....Texas, Louisiana, Mississippi
Yep, I do...do you know what it is? Weren't those places just hit with a hurricane? They are offline, because of the hurricane...driving up prices of natural gas...it has nothing to do with importing oil or any policy that Biden implemented. When Katrina hit, the exact same thing occurred...when Hurricane Harvey hit, the exact same thing occurred. You must not know much about hurricanes or live close to the Gulf.I'm sure she had a point. LOL
He clearly doesn't understand that gas drillers stop drilling and cap wells if prices fall below a certain level...ask anyone in the oil industry....its a loss to them to keep drilling at a cheaper price.
Please read the article in an OP before making silly comments.
"Over 78% of the Gulf of Mexico's Natural gas production remains offline and there is no clear timeline as to when they can get things back to normal."
yep, not to mention another hurricane hit the state of Texas...moving in guess where? the Gulf of Mexico....lolThat’s because there is no place for it to go.
Certainly doYes, expensive to get oil was capped during cheap oil.
As for policy affecting price, you clearly don't understand futures trading.
sigh.Thanks for showing where we were and how we were energy independent under Trump. Biden reversed that.
Yes he did and you know as well as the rest of us BIDEN did itUh, the author of your article blamed it on the hurricanes.