If Biden's climate initiatives are so bad for the country, why is the US producing record amounts of oil and natural gas?
Biden’s oil boom
How fossil fuels thrived despite the White House's climate policies
The counter-intuitive fossil fuel boom under Biden reflects an awkward truth for his supporters and detractors alike ahead of the November elections, proving that what happens in globally interconnected markets like oil and gas is often well outside the immediate control of the person in the White House.
In Biden's case, Russia's invasion of Ukraine pushed oil and gas prices so high that many producers worldwide made record profits, not just those in the United States. The global economic recovery that followed the darkest days of the COVID pandemic also rapidly pumped up demand for fossil fuels.
The profits of the top five publicly traded oil companies, for example — BP, Shell, Exxon, Chevron, and TotalEnergies — amounted to $410 billion during the first three years of the Biden administration, a 100% increase over the first three years of Donald Trump’s presidency, according to data compiled by Reuters.
The rest:
https://www.reuters.com/graphics/USA-BI ... pdngrgkpo/
Riddle me this, Batman...
- thelionofthenorth
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Re: Riddle me this, Batman...
Record produced oil and gas, and record profits for the oil and gas producers, and trumllings keep lying that somehow Biden policies are stifling the industry.
3 x
stultitia non pertinet misericordiae
- Chester Cheesewright
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Re: Riddle me this, Batman...
► Biden can keep up with Pesky in the oil dep'tthelionofthenorth wrote: ↑Thu Mar 28, 2024 9:03 pmRecord produced oil and gas, and record profits for the oil and gas producers, and trumllings keep lying that somehow Biden policies are stifling the industry.
And settle more jews, too
That's for sure
0 x
► Watching fat cats get taxed touches the very depths of a Republican’s soul
Re: Riddle me this, Batman...
What is the connection between oil production and Jewish settlements?Chester Cheesewright wrote: ↑Thu Mar 28, 2024 9:42 pm► Biden can keep up with Pesky in the oil dep'tthelionofthenorth wrote: ↑Thu Mar 28, 2024 9:03 pmRecord produced oil and gas, and record profits for the oil and gas producers, and trumllings keep lying that somehow Biden policies are stifling the industry.
And settle more jews, too
That's for sure
1 x
-- 滑板車是個文盲
- donttreadonme
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Re: Riddle me this, Batman...
The MAGAts ran away from this one.
2 x
"I see the disinfectant that knocks it out in a minute, one minute. And is there a way we can do something like that by injection"
- Chester Cheesewright
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Re: Riddle me this, Batman...
► You tell me, Bozonolaxride wrote: ↑Fri Mar 29, 2024 12:40 pmWhat is the connection between oil production and Jewish settlements?Chester Cheesewright wrote: ↑Thu Mar 28, 2024 9:42 pm► Biden can keep up with Pesky in the oil dep'tthelionofthenorth wrote: ↑Thu Mar 28, 2024 9:03 pmRecord produced oil and gas, and record profits for the oil and gas producers, and trumllings keep lying that somehow Biden policies are stifling the industry.
And settle more jews, too
That's for sure
I never heard of it
0 x
► Watching fat cats get taxed touches the very depths of a Republican’s soul