Trump ran up national debt twice as much as Biden

[jomar]

Bullshit. Biden was president and was under no obligation to withdraw. Stop blaming Trump for Biden’s fuckup. The negotiated settlement that Trump agreed upon was a co-op government. That wasn’t happening. US forces in Afghanistan combined with allied forces with the Afghan army supported by western air power were more than capable of keeping the Taliban in check. Bagram air base was an important strategic base especially with Iran and its proxies acting up. As I’ve written in the past Trump had this all wrong IMHO. Biden like Trump was using the withdrawal as a political tool which went against all senior commanders.

Fact is that trump negotiated US withdrawal with the Taliban without including the Afghan government. And the generals apparently weren’t citing your claims for staying in afghan.

https://www.politico.com/news/2021/09/28/top-generals-afghanistan-withdrawal-congress-hearing-514491

From the article: But he went on to say that his “personal view,” which he said shaped his recommendations, was that withdrawing those forces “would lead inevitably to the collapse of the Afghan military forces and, eventually, the Afghan government.”

Biden removing our military before evacuating citizens and afghan who worked with our military was perhaps the biggest tactical fuckup in history.

Most had plenty of warning to get out. Tough decisions, but plenty of warning.

Biden is an incompetent fool. Biden as CiC had all the authority to adjust windage and elevation.

Sure, and the Taliban had the authority to say fuck you we had a deal and reboot full out war with the 5,000 hardened criminals added in. Then what?

 

[Bn2f]

US election body gives Trump another 45 days for personal financial disclosures

https://www.yahoo.com/news/us-election-body-gives-trump-225518011.html

 

[R34D]

So? Biden spent more? Is that your point? And the difference between income and spending? The deficits?
Using numbers correctly is part of statistics.

Or are you trying to point out something else?

Despite all that spending where are we as a nation?
Why the fuck is gas still double what it should be ?? Please don’t say it’s supply driven, or “drill drill drill”

The current state of US oil reserves and the factors contributing to high gas prices involve multiple interconnected issues:

1. Depletion of US Oil Reserves: The Strategic Petroleum Reserve (SPR) has been drawn down since 2021-2022 as a result of selling off reserves to foreign buyers.

2. Reduced Drilling Activity: There has been a decrease in new drilling activities due to various factors, including regulatory changes, policy considerations, and environmental concerns. Primarily policy.

3. Policy Priorities: The current administration’s focus is on transitioning to renewable energy and reducing fossil fuel dependence (you can go way down the rabbit hole with this one).

4. OPEC Influence: The Organization of the Petroleum Exporting Countries (OPEC) and its allies, have significant control over global oil prices by setting production targets. Their decisions directly impact the price per barrel and, consequently, gas prices in the US.

Diplomatic relations between the US and key OPEC members, particularly Saudi Arabia, have declined significantly under the current administration. The current administration carries zero influence or rapport with OPEC. The previous administration had a notably close relationship with Saudi leadership, which might have facilitated more direct negotiations and cooperation on oil production and pricing strategies.

As a result, high gas prices.

 

[Pad_Foot]

Gee? And the oil producers aren’t making money hand over fist ???!

An oil exec in 1980 told me and other high schoolers exactly how the future would go. This bitching about other energy sources competing with them? Huge! They knew it would happen

What is the US production now? Why would they drill more now when production is meeting needs, demand and prices are high? Do you think they are patriotic ??

We sold our reserves for top dollar I hope. Prove me wrong. No reason to lose money. We briefly increased supply. The oil companies can take that away in a heartbeat

 

[JohnEngelman]

The cure for excessive spending is cut spending. Heavy taxes on corporations is a back door tax on the consumer.

If what you say is true, inflation would have been a problem during the 1950's. it was not.




The statutory corporate income tax rate exceeded 50 percent for much of the 1950s and 1960s, and was set at 48 percent for most of the 1970s and 46 percent for the 1980s up until enactment of the Tax Reform Act of 1986.

https://www.cbpp.org/sites/default/files/archive/10-16-03tax.htm#:~:text=The statutory corporate income tax,Tax Reform Act of 1986.

Also, what you call "excessive spending" is popular with most of the voters, and a life line for some of them.

 

[Bn2f]

The current state of US oil reserves and the factors contributing to high gas prices involve multiple interconnected issues:

1. Depletion of US Oil Reserves: The Strategic Petroleum Reserve (SPR) has been drawn down since 2021-2022 as a result of selling off reserves to foreign buyers.

2. Reduced Drilling Activity: There has been a decrease in new drilling activities due to various factors, including regulatory changes, policy considerations, and environmental concerns. Primarily policy.

3. Policy Priorities: The current administration’s focus is on transitioning to renewable energy and reducing fossil fuel dependence (you can go way down the rabbit hole with this one).

4. OPEC Influence: The Organization of the Petroleum Exporting Countries (OPEC) and its allies, have significant control over global oil prices by setting production targets. Their decisions directly impact the price per barrel and, consequently, gas prices in the US.

Diplomatic relations between the US and key OPEC members, particularly Saudi Arabia, have declined significantly under the current administration. The current administration carries zero influence or rapport with OPEC. The previous administration had a notably close relationship with Saudi leadership, which might have facilitated more direct negotiations and cooperation on oil production and pricing strategies.

As a result, high gas prices.

 

[MajorRewrite]

The current state of US oil reserves and the factors contributing to high gas prices involve multiple interconnected issues:

1. Depletion of US Oil Reserves: The Strategic Petroleum Reserve (SPR) has been drawn down since 2021-2022 as a result of selling off reserves to foreign buyers.

2. Reduced Drilling Activity: There has been a decrease in new drilling activities due to various factors, including regulatory changes, policy considerations, and environmental concerns. Primarily policy.

3. Policy Priorities: The current administration’s focus is on transitioning to renewable energy and reducing fossil fuel dependence (you can go way down the rabbit hole with this one).

4. OPEC Influence: The Organization of the Petroleum Exporting Countries (OPEC) and its allies, have significant control over global oil prices by setting production targets. Their decisions directly impact the price per barrel and, consequently, gas prices in the US.

Diplomatic relations between the US and key OPEC members, particularly Saudi Arabia, have declined significantly under the current administration. The current administration carries zero influence or rapport with OPEC. The previous administration had a notably close relationship with Saudi leadership, which might have facilitated more direct negotiations and cooperation on oil production and pricing strategies.

As a result, high gas prices.

US oil production has steadily increased under Biden.

There is no policy against drilling or production.

Gas prices are lower than a year ago.

 

[R34D]

US oil production has steadily increased under Biden.

There is no policy against drilling or production.

Gas prices are lower than a year ago.

Under the Biden administration, US oil production has seen a decline and a slight recovery, influenced by both policy shifts and market dynamics. Here are some key points:

1. Initial Decline and Recovery: US oil production experienced a decline in 2020. In 2021 and 2022, production started to pick up again, albeit not reaching pre-pandemic levels.
2. Regulatory and Policy Changes: The Biden administration has emphasized a transition to renewable energy and reducing greenhouse gas emissions. This has included:
• Revoking the Keystone XL Pipeline Permit: This decision impacted future oil transport infrastructure.
• Pausing New Oil and Gas Leases on Federal Land: Initially, the administration paused new leases, although some have resumed following legal challenges and administrative adjustments.
• Stricter Environmental Regulations: New regulations aimed at reducing methane emissions and other environmental impacts have been implemented, affecting the oil and gas industry.

The average annual gas prices in the United States from 2016 to 2024:

• 2016: $2.14 per gallon
• 2017: $2.42 per gallon
• 2018: $2.72 per gallon
• 2019: $2.60 per gallon
• 2020: $2.17 per gallon
• 2021: $3.01 per gallon
• 2022: $3.96 per gallon
• 2023: $3.49 per gallon
• 2024: $3.65 per gallon

These prices reflect the national average for regular unleaded gasoline.


Conduct your own research and avoid simply regurgitating others' talking points.

 

[MajorRewrite]

Under the Biden administration, US oil production has seen a decline and a slight recovery, influenced by both policy shifts and market dynamics. Here are some key points:

1. Initial Decline and Recovery: US oil production experienced a decline in 2020. In 2021 and 2022, production started to pick up again, albeit not reaching pre-pandemic levels.
2. Regulatory and Policy Changes: The Biden administration has emphasized a transition to renewable energy and reducing greenhouse gas emissions. This has included:
• Revoking the Keystone XL Pipeline Permit: This decision impacted future oil transport infrastructure.
• Pausing New Oil and Gas Leases on Federal Land: Initially, the administration paused new leases, although some have resumed following legal challenges and administrative adjustments.
• Stricter Environmental Regulations: New regulations aimed at reducing methane emissions and other environmental impacts have been implemented, affecting the oil and gas industry.

The average annual gas prices in the United States from 2016 to 2024:

• 2016: $2.14 per gallon
• 2017: $2.42 per gallon
• 2018: $2.72 per gallon
• 2019: $2.60 per gallon
• 2020: $2.17 per gallon
• 2021: $3.01 per gallon
• 2022: $3.96 per gallon
• 2023: $3.49 per gallon
• 2024: $3.65 per gallon

These prices reflect the national average for regular unleaded gasoline.


Conduct your own research and avoid simply regurgitating others' talking points.

I posted the links to relevant authoritative information sources.

Your information is incorrect, as usual.

 

[R34D]

I posted the links to relevant authoritative information sources.

Your information is incorrect, as usual.

Based on data from the U.S. Energy Information Administration (EIA).

https://www.eia.gov/petroleum/gasdiesel/xls/pswrgvwall.xls

You are correct in stating that US petroleum production has increased. However, much of that has gone to exports. 30-40 percent of total petroleum production has gone to export in recent years.

https://www.eia.gov/todayinenergy/detail.php?id=61104

 

[MajorRewrite]

Based on data from the U.S. Energy Information Administration (EIA).

https://www.eia.gov/petroleum/gasdiesel/xls/pswrgvwall.xls

You are correct in stating that US petroleum production has increased. However, much of that has gone to exports. 30-40 percent of total petroleum production has gone to export in recent years.

https://www.eia.gov/todayinenergy/detail.php?id=61104

Yes, as I said production is increasing.

Exports are irrelevant to the discussion and purely the decision of the oil companies, which export because of the refineries we have. The information is in your second link:

The United States continues to import crude oil despite rising domestic crude oil production in part because many U.S. refineries are configured to process heavy, sour crude oil (with a low API gravity and high sulfur content) rather than the light, sweet crude oil (with a high API gravity and low sulfur content) typically produced in the United States.

Most of the imports come from Canada and Mexico.

 

[Fuzzy1975]

Under the Biden administration, US oil production has seen a decline and a slight recovery, influenced by both policy shifts and market dynamics. Here are some key points:

1. Initial Decline and Recovery: US oil production experienced a decline in 2020. In 2021 and 2022, production started to pick up again, albeit not reaching pre-pandemic levels.
2. Regulatory and Policy Changes: The Biden administration has emphasized a transition to renewable energy and reducing greenhouse gas emissions. This has included:
• Revoking the Keystone XL Pipeline Permit: This decision impacted future oil transport infrastructure.
• Pausing New Oil and Gas Leases on Federal Land: Initially, the administration paused new leases, although some have resumed following legal challenges and administrative adjustments.
• Stricter Environmental Regulations: New regulations aimed at reducing methane emissions and other environmental impacts have been implemented, affecting the oil and gas industry.

The average annual gas prices in the United States from 2016 to 2024:

• 2016: $2.14 per gallon
• 2017: $2.42 per gallon
• 2018: $2.72 per gallon
• 2019: $2.60 per gallon
• 2020: $2.17 per gallon
• 2021: $3.01 per gallon
• 2022: $3.96 per gallon
• 2023: $3.49 per gallon
• 2024: $3.65 per gallon

These prices reflect the national average for regular unleaded gasoline.


Conduct your own research and avoid simply regurgitating others' talking points.

Using oil production,while interesting has little bearing on a Presidents success or failure on the economy. The US operates as a free market, in a capitalistic environment.

While greater production leads to more resource revenue for Government, it is the market that dictates the end price or the refined product. The best case for any Government is to keep regulation in place that protect both the consumer and the environment.

I find it a bit disingenuous for you to use the price of refined gasoline, without also posting the world market price of oil. After all, oil companies are not in the business of giving consumers the cheapest prices. In fact the opposite is the reality, since they operate in a free market.

Also leaving out inflationary pressure on the price per gallon is a bit of a "slight of hand". This link lists a long history of gasoline prices, with conversion for pricing as it would be in today's dollar.

https://www.titlemax.com/discovery-center/average-gas-prices-through-history/

You listed three bullet points under regulatory changes. Keystone, Leasing, and Environmental regulations.

I'll only deal with one, Keystone. Terminating this oil pipe line had no affect on the price of present day crude oil. The oil the pipeline would move still exists, it has not "disappeared". The demand/supply ratio hasn't changed. Keystone was a Canadian proposal, to move Canadian Crude to US Refineries. It was proposed simply to relive a bottleneck in the supply chain.

Why is there a bottleneck? No oil companies currently are willing to build a new massive refinery. Not one in Canada for certain, and the last new one built in the US with any major output capacity was in 1977. The capital recovery on a Refinery is over 40 years. As such oil producers are upgrading existing facilities to improve production. Most of those upgrades are the addition of newer and more efficient equipment/processes to increase production capacity.

https://www.eia.gov/tools/faqs/faq.php?id=29&t=6

One can argue that removing the bottleneck would lower prices, and to a certain degree that would be true. NAFTA 2 has a price formula built in, which gives the USA purchasing Canadian crude oil a very good price point (below market value). So what Keystone would have created for the oil giants is a two fold solution to a problem of increasing profits, without major capital investments.

First it would allow more exported raw crude to other markets, at world market pricing (profit), and have that oil replaced with non US extracted crude from Canada. This oil could then be used in domestic market.

Second, since NAFTA 2 gives a discount off the world market price, the US based producers now can purchase a lower priced product, to replace the crude volume exported. When you include in the transportation cost, the goal would be to still have a below market price point to the imported Canadian product at the refinery.

To conclude (since I'm not producing a costing paper), Keystone would have allowed Oil Producers ( both in the US and Canada) to increase total sales of raw crude.

The benefits: For the Canadian subsidiaries, not having to build new refining capacity is a major cost savings which equates to a better profit margin. For the US Oil Producers, they would have found a solution to increase their export of US raw crude, and tapped into a cheaper crude oil replacement for the US market.

None of this would really lead to a drastic drop in local pricing of gasoline to the consumer. Especially since Keystone would take almost ten years to build and bring up to speed.