Joe Biden’s green agenda hits Americans with an oil price shock

[Valletta]

Kathryn Porter, an energy consultant at Watt Logic, says the President’s actions since taking office “consistently signalled that he wants to protect the climate by reducing oil and gas production” and that he “backed this up with new regulation for the industry”.

“But he failed to consider the impact of a price shock,” she adds.

“Now, with rapidly rising gasoline prices, he is backtracking and accusing oil companies of profiteering, when in reality they are responding to his policies in the way he wanted, by reducing capacity.”
Joe Biden’s green agenda hits Americans with an oil price shock

 

[Larniavc]

Kathryn Porter, an energy consultant at Watt Logic, says the President’s actions since taking office “consistently signalled that he wants to protect the climate by reducing oil and gas production” and that he “backed this up with new regulation for the industry”.

“But he failed to consider the impact of a price shock,” she adds.

“Now, with rapidly rising gasoline prices, he is backtracking and accusing oil companies of profiteering, when in reality they are responding to his policies in the way he wanted, by reducing capacity.”
Joe Biden’s green agenda hits Americans with an oil price shock

How does this shift the responsibility from fossil fuel companies hiking up their prices and profiteering?

‘Biden made me do it’ is not a good answer.

 

[Bradskii]

Keystone pipeline!

May as well get it in before we go any further.

 

[ozso]

When gas prices were going through the roof, I kept hearing the president has no control over gas prices.

Now that gas prices are coming down, I'm hearing the same people congratulating the president for it.

 

[Nithavela]

Oil companies are making the biggest winnings in their history. Of course that is war time profiteering. But when they fail, society has to bail them out. And no matter what happens, the US president is at fault.

 

[inquiring mind]

Oil companies are making the biggest winnings in their history. Of course that is war time profiteering. But when they fail, society has to bail them out. And no matter what happens, the US president is at fault.

You got the last part right. Oil production isn't increasing in the U.S. because energy companies and investors aren’t sure that prices will remain profitable long enough for them to increase drilling operation spending. Couple that with importing high priced oil to help the international economy over our own and well, yes, blame it on poor voting selection... and hello green!!!

 

[Valletta]

How does this shift the responsibility from fossil fuel companies hiking up their prices and profiteering? ‘Biden made me do it’ is not a good answer.

Joe is consistent, he is poor at accepting responsibility. It was clear after the first few months that Joe was driving up the cost of gasoline:
With gas prices increasing, Rep. Yvette Herrell introduces relief bill

 

[durangodawood]

When gas prices were going through the roof, I kept hearing the president has no control over gas prices.

Now that gas prices are coming down, I'm hearing the same people congratulating the president for it.

Not me. So not the same people.

Anyway, gas should be expensive. Just not due to record profits for oil companies.

 

[Larniavc]

Joe is consistent, he is poor at accepting responsibility. It was clear after the first few months that Joe was driving up the cost of gasoline:
With gas prices increasing, Rep. Yvette Herrell introduces relief bill

How did Biden compel the industry to hike it's prices to record highs?

 

[inquiring mind]

Anyway, gas should be expensive.

And electric vehicles cheap.

 

[durangodawood]

And electric vehicles cheap.

Anything like the current concept of the "car", no matter how its propelled, should not be cheap. Its a shocking amount of stuff to produce and design our world around just to get a human from A to B.

I do think that electricity should be cheaper than gas to the extent its cleanly produced.

 

[Valletta]

Anything like the current concept of the "car", no matter how its propelled, should not be cheap. Its a shocking about of stuff to produce and design our world around just to get a human from A to B.

I do think that electricity should be cheaper than gas to the extent its cleanly produced.

Most of the electricity in the United States is produced by fossil fuels.

 

[inquiring mind]

Anything like the current concept of the "car", no matter how its propelled, should not be cheap. Its a shocking about of stuff to produce and design our world around just to get a human from A to B.

I do think that electricity should be cheaper than gas to the extent its cleanly produced.

As inessential as it has become, some people have to get back and forth to a job though.

 

[durangodawood]

Most of the electricity in the United States is produced by fossil fuels.

Yes. For now.

 

[inquiring mind]

Most of the electricity in the United States is produced by fossil fuels.

Yes. For now.

I think John Kerry is ok with that as long as it's just important people using it.

 

[durangodawood]

As inessential as it has become, some people have to get back and forth to a job though.

Yes, to an extent people are trapped in our legacy system. The planning of our built world is largely a collective arrangement that any individual cannot really escape unless they want to go full hairshirt.

Otoh, most people did not need to buy the monster vehicles so many use for daily driving.

 

[durangodawood]

I think John Kerry is ok with that as long as it's just important people using it.

Kerry. I dont kare about him. Or about this or that other individual politician or celebrity. Thats all distraction.

 

[Valletta]

Yes. For now.

Two percent of the world's electricity is produced by wind and solar, with effort that can rise to three percent by the end of the decade--if you can handle the pollution and the killing of birds, particularly raptors. There are some of the wind blades being recycled, and recycling the materials in batteries is expensive but doable. But we have to consider the other 97% of the electricity, this is what Joe seems to ignore.

 

[durangodawood]

Two percent of the world's electricity is produced by wind and solar, with effort that can rise to three percent by the end of the decade--if you can handle the pollution and the killing of birds, particularly raptors. There are some of the wind blades being recycled, and recycling the materials in batteries is expensive but doable. But we have to consider the other 97% of the electricity, this is what Joe seems to ignore.

Bird death is aweful. But for some perspective, it's currently appx 1% of the bird deaths housecats cause in the USA.

And why didn't you mention nuclear?

US regulators will certify first small nuclear reactor design

 

[Desk trauma]

And why didn't you mention nuclear?

I cannot speak for why the poster left out the 20ish percent of US power that comes from nuclear reactors by lumping it in with coal/gas but there is good reason to not mention it as a part of our energy future, it will not be involved. Our current reactors are aging and will not be replaced, look into the multi billion dollar boondoggles of VC Summer and plant Vogtle to see what became of the "nuclear renaissance" in the US, unless some grand visionary with tens of billions to burn steps from the shadows to implement their dream.