Spiritual_Chaos said:

Honestly, shouldn't we be able to demand more of people listening to Pearl Jam than to blame Putin's actions on Joe Biden?

Seriously?

Spiritual_Chaos said:

https://twitter.com/lukeharding1968/status/1496617336740139012?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1496617336740139012%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=

The Juggler said:

Gern Blansten said:

Ridiculous to blame Biden for Putin's bullshit. If anything Putin is doing this to hurt Biden in hopes that puppetboy will get back in office.

I don't know why the Biden thread got shut down but the last guy's reasons for why it's Biden's fault are ridiculous. Thought it was funny that, according to him, Biden is to blame because we are no longer energy independent. He said this literally 4 days after this tidbit of news came out lol:

https://www.axios.com/us-energy-independent-petroleum-2982ed18-9110-4c31-ad67-82abe643f661.html

The U.S. is now energy independent

Neil Irwin

Data: Energy Information Administration. Chart: Axios Visuals

For decades, politicians have talked about the U.S. achieving energy independence, a seemingly elusive goal of producing enough fuels to avoid relying on the rest of the world to fill up gas tanks and keep electricity flowing.

The intrigue: It's elusive no more. The U.S. produced more petroleum than it consumed in 2020, and the numbers were essentially in balance in 2021, according to the Energy Information Administration.

Why it matters: The surge in oil prices taking place in 2022 has radically different implications for the U.S. economy — and for key geopolitical relationships in the Middle East and Russia — than in past episodes when energy prices have risen.

The big picture: In the past, when oil prices spiked, the impact on the U.S. economy was straightforward: It made America poorer, as more of our income went overseas to pay for imported energy.

• Now, after the shale gas revolution of the last 15 years, the impact is more subtle. Higher fuel prices disadvantage consumers and energy-intensive industries, yes. But there is a counteracting surge in incomes for domestic energy producers and their workers.
• Higher oil prices no longer depress overall measures of prosperity like GDP and national income, but rather shift it around toward certain regions. Texas and North Dakota win; Massachusetts and North Carolina lose.

By the numbers: As recently as 2010, America imported 9.4 million barrels a day of oil more than it exported. That had swung to a 650,000 barrel per day surplus in 2020, and preliminary numbers for 2021 show trade pretty much in balance last year.

Worth noting: To the degree the U.S. does still import oil, more of it is coming from our closest ally. Canada was the source of 51% of U.S. petroleum imports in the first 10 months of 2021, compared with 8% from the Persian Gulf.

• By contrast, the Gulf states supplied more than 30% of American petroleum imports in 2008.

Free idea for an international relations professor: Assign an essay question on how the changing economics of energy could affect America's stance in Middle Eastern diplomacy.

The impact on geopolitics extends to a potential Russian invasion of Ukraine. Disruptions to European energy supplies would have a less direct effect on the U.S. than they might have in an earlier era.

The bottom line: When oil prices spike, it's no longer a problem for overall growth—but because energy is a global market, it still means pain for American consumers and the sitting administration.

RoleModelsinBlood31 said:

The Juggler said:

Gern Blansten said:

Ridiculous to blame Biden for Putin's bullshit. If anything Putin is doing this to hurt Biden in hopes that puppetboy will get back in office.

I don't know why the Biden thread got shut down but the last guy's reasons for why it's Biden's fault are ridiculous. Thought it was funny that, according to him, Biden is to blame because we are no longer energy independent. He said this literally 4 days after this tidbit of news came out lol:

https://www.axios.com/us-energy-independent-petroleum-2982ed18-9110-4c31-ad67-82abe643f661.html

The U.S. is now energy independent

Neil Irwin

Data: Energy Information Administration. Chart: Axios Visuals

For decades, politicians have talked about the U.S. achieving energy independence, a seemingly elusive goal of producing enough fuels to avoid relying on the rest of the world to fill up gas tanks and keep electricity flowing.

The intrigue: It's elusive no more. The U.S. produced more petroleum than it consumed in 2020, and the numbers were essentially in balance in 2021, according to the Energy Information Administration.

Why it matters: The surge in oil prices taking place in 2022 has radically different implications for the U.S. economy — and for key geopolitical relationships in the Middle East and Russia — than in past episodes when energy prices have risen.

The big picture: In the past, when oil prices spiked, the impact on the U.S. economy was straightforward: It made America poorer, as more of our income went overseas to pay for imported energy.

• Now, after the shale gas revolution of the last 15 years, the impact is more subtle. Higher fuel prices disadvantage consumers and energy-intensive industries, yes. But there is a counteracting surge in incomes for domestic energy producers and their workers.
• Higher oil prices no longer depress overall measures of prosperity like GDP and national income, but rather shift it around toward certain regions. Texas and North Dakota win; Massachusetts and North Carolina lose.

By the numbers: As recently as 2010, America imported 9.4 million barrels a day of oil more than it exported. That had swung to a 650,000 barrel per day surplus in 2020, and preliminary numbers for 2021 show trade pretty much in balance last year.

Worth noting: To the degree the U.S. does still import oil, more of it is coming from our closest ally. Canada was the source of 51% of U.S. petroleum imports in the first 10 months of 2021, compared with 8% from the Persian Gulf.

• By contrast, the Gulf states supplied more than 30% of American petroleum imports in 2008.

Free idea for an international relations professor: Assign an essay question on how the changing economics of energy could affect America's stance in Middle Eastern diplomacy.

The impact on geopolitics extends to a potential Russian invasion of Ukraine. Disruptions to European energy supplies would have a less direct effect on the U.S. than they might have in an earlier era.

The bottom line: When oil prices spike, it's no longer a problem for overall growth—but because energy is a global market, it still means pain for American consumers and the sitting administration.

Biden is beholden to his leftist powers that be.  When he begged opec to produce more oil for us back at the end of last summer when our prices here soared they told him to pound sand and get it from our vast country full of opportunity.  Why didn’t he listen?

Instead he doubled what we get from Saudi arabia from December of 2020 to October of 2021 and tripled the oil from Russia from what we were importing from February 2019 to September 2021!!

In May of last year, Biden increased by 23 percent to 844,000 barrels a day from the prior month, which was almost 10 percent of all our oil imports for the month. The only country we import more oil from is Canada.

 Exactly why are we importing and dependant on such an adversary?

if he wasn’t so owned by his handlers, we wouldn’t be sending 30million a month to fuel putin’s insanity.

add to that Biden’s comment on not going hard on Russia back in December “ “If in fact he invades Ukraine, there will be…economic consequences like none he’s ever
seen…His immediate response was he understood that…The idea the United States is going to unilaterally use force to confront Russia invading Ukraine is not in the cards right now."

And you have what we have now.  He showed his hand (a weak telegraph that we weren’t going to stop Putin)

mrussel1 said:

RoleModelsinBlood31 said:

The Juggler said:

Gern Blansten said:

Ridiculous to blame Biden for Putin's bullshit. If anything Putin is doing this to hurt Biden in hopes that puppetboy will get back in office.

I don't know why the Biden thread got shut down but the last guy's reasons for why it's Biden's fault are ridiculous. Thought it was funny that, according to him, Biden is to blame because we are no longer energy independent. He said this literally 4 days after this tidbit of news came out lol:

https://www.axios.com/us-energy-independent-petroleum-2982ed18-9110-4c31-ad67-82abe643f661.html

The U.S. is now energy independent

Neil Irwin

Data: Energy Information Administration. Chart: Axios Visuals

For decades, politicians have talked about the U.S. achieving energy independence, a seemingly elusive goal of producing enough fuels to avoid relying on the rest of the world to fill up gas tanks and keep electricity flowing.

The intrigue: It's elusive no more. The U.S. produced more petroleum than it consumed in 2020, and the numbers were essentially in balance in 2021, according to the Energy Information Administration.

Why it matters: The surge in oil prices taking place in 2022 has radically different implications for the U.S. economy — and for key geopolitical relationships in the Middle East and Russia — than in past episodes when energy prices have risen.

The big picture: In the past, when oil prices spiked, the impact on the U.S. economy was straightforward: It made America poorer, as more of our income went overseas to pay for imported energy.

• Now, after the shale gas revolution of the last 15 years, the impact is more subtle. Higher fuel prices disadvantage consumers and energy-intensive industries, yes. But there is a counteracting surge in incomes for domestic energy producers and their workers.
• Higher oil prices no longer depress overall measures of prosperity like GDP and national income, but rather shift it around toward certain regions. Texas and North Dakota win; Massachusetts and North Carolina lose.

By the numbers: As recently as 2010, America imported 9.4 million barrels a day of oil more than it exported. That had swung to a 650,000 barrel per day surplus in 2020, and preliminary numbers for 2021 show trade pretty much in balance last year.

Worth noting: To the degree the U.S. does still import oil, more of it is coming from our closest ally. Canada was the source of 51% of U.S. petroleum imports in the first 10 months of 2021, compared with 8% from the Persian Gulf.

• By contrast, the Gulf states supplied more than 30% of American petroleum imports in 2008.

Free idea for an international relations professor: Assign an essay question on how the changing economics of energy could affect America's stance in Middle Eastern diplomacy.

The impact on geopolitics extends to a potential Russian invasion of Ukraine. Disruptions to European energy supplies would have a less direct effect on the U.S. than they might have in an earlier era.

The bottom line: When oil prices spike, it's no longer a problem for overall growth—but because energy is a global market, it still means pain for American consumers and the sitting administration.

Biden is beholden to his leftist powers that be.  When he begged opec to produce more oil for us back at the end of last summer when our prices here soared they told him to pound sand and get it from our vast country full of opportunity.  Why didn’t he listen?

Instead he doubled what we get from Saudi arabia from December of 2020 to October of 2021 and tripled the oil from Russia from what we were importing from February 2019 to September 2021!!

In May of last year, Biden increased by 23 percent to 844,000 barrels a day from the prior month, which was almost 10 percent of all our oil imports for the month. The only country we import more oil from is Canada.

 Exactly why are we importing and dependant on such an adversary?

if he wasn’t so owned by his handlers, we wouldn’t be sending 30million a month to fuel putin’s insanity.

add to that Biden’s comment on not going hard on Russia back in December “ “If in fact he invades Ukraine, there will be…economic consequences like none he’s ever
seen…His immediate response was he understood that…The idea the United States is going to unilaterally use force to confront Russia invading Ukraine is not in the cards right now."

And you have what we have now.  He showed his hand (a weak telegraph that we weren’t going to stop Putin)

Dude.  The federal gov't does not control how much oil is produced.  The US oil companies CHOSE to shut down rigs and wells throughout 2020 and 2021.  Why do you Republicans have this misconception that Biden or ANY president has control over oil production.  Stop with this argument.  It's wrong.  

static111 said:

mrussel1 said:

RoleModelsinBlood31 said:

The Juggler said:

Gern Blansten said:

Ridiculous to blame Biden for Putin's bullshit. If anything Putin is doing this to hurt Biden in hopes that puppetboy will get back in office.

I don't know why the Biden thread got shut down but the last guy's reasons for why it's Biden's fault are ridiculous. Thought it was funny that, according to him, Biden is to blame because we are no longer energy independent. He said this literally 4 days after this tidbit of news came out lol:

https://www.axios.com/us-energy-independent-petroleum-2982ed18-9110-4c31-ad67-82abe643f661.html

The U.S. is now energy independent

Neil Irwin

Data: Energy Information Administration. Chart: Axios Visuals

For decades, politicians have talked about the U.S. achieving energy independence, a seemingly elusive goal of producing enough fuels to avoid relying on the rest of the world to fill up gas tanks and keep electricity flowing.

The intrigue: It's elusive no more. The U.S. produced more petroleum than it consumed in 2020, and the numbers were essentially in balance in 2021, according to the Energy Information Administration.

Why it matters: The surge in oil prices taking place in 2022 has radically different implications for the U.S. economy — and for key geopolitical relationships in the Middle East and Russia — than in past episodes when energy prices have risen.

The big picture: In the past, when oil prices spiked, the impact on the U.S. economy was straightforward: It made America poorer, as more of our income went overseas to pay for imported energy.

• Now, after the shale gas revolution of the last 15 years, the impact is more subtle. Higher fuel prices disadvantage consumers and energy-intensive industries, yes. But there is a counteracting surge in incomes for domestic energy producers and their workers.
• Higher oil prices no longer depress overall measures of prosperity like GDP and national income, but rather shift it around toward certain regions. Texas and North Dakota win; Massachusetts and North Carolina lose.

By the numbers: As recently as 2010, America imported 9.4 million barrels a day of oil more than it exported. That had swung to a 650,000 barrel per day surplus in 2020, and preliminary numbers for 2021 show trade pretty much in balance last year.

Worth noting: To the degree the U.S. does still import oil, more of it is coming from our closest ally. Canada was the source of 51% of U.S. petroleum imports in the first 10 months of 2021, compared with 8% from the Persian Gulf.

• By contrast, the Gulf states supplied more than 30% of American petroleum imports in 2008.

Free idea for an international relations professor: Assign an essay question on how the changing economics of energy could affect America's stance in Middle Eastern diplomacy.

The impact on geopolitics extends to a potential Russian invasion of Ukraine. Disruptions to European energy supplies would have a less direct effect on the U.S. than they might have in an earlier era.

The bottom line: When oil prices spike, it's no longer a problem for overall growth—but because energy is a global market, it still means pain for American consumers and the sitting administration.

Biden is beholden to his leftist powers that be.  When he begged opec to produce more oil for us back at the end of last summer when our prices here soared they told him to pound sand and get it from our vast country full of opportunity.  Why didn’t he listen?

Instead he doubled what we get from Saudi arabia from December of 2020 to October of 2021 and tripled the oil from Russia from what we were importing from February 2019 to September 2021!!

In May of last year, Biden increased by 23 percent to 844,000 barrels a day from the prior month, which was almost 10 percent of all our oil imports for the month. The only country we import more oil from is Canada.

 Exactly why are we importing and dependant on such an adversary?

if he wasn’t so owned by his handlers, we wouldn’t be sending 30million a month to fuel putin’s insanity.

add to that Biden’s comment on not going hard on Russia back in December “ “If in fact he invades Ukraine, there will be…economic consequences like none he’s ever
seen…His immediate response was he understood that…The idea the United States is going to unilaterally use force to confront Russia invading Ukraine is not in the cards right now."

And you have what we have now.  He showed his hand (a weak telegraph that we weren’t going to stop Putin)

Dude.  The federal gov't does not control how much oil is produced.  The US oil companies CHOSE to shut down rigs and wells throughout 2020 and 2021.  Why do you Republicans have this misconception that Biden or ANY president has control over oil production.  Stop with this argument.  It's wrong.  

I think they have a hard time believing that the oil companies that are supposed to be on their side would choose to manipulate markets to extract more profits from the AMERICAN consumer.  Much easier to blame Biden.  Which begs the question, Are oil companies purposely underproducing to make Biden look bad so they can help usher in a more energy friendly administration?  Probably.