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Robert Steele
The Hill
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Comments by "Robert Steele" (@robertsteele474) on "Rising Q's: Is President Biden TRULY Responsible For Rising Gas Prices?" video.
@LetEdBeEd US oil exports are at their 2018 levels.. US oil production vs oil consumption is currently only about -1% While the US is currently importing more oil that it is exporting it is only at a 1% difference compared to production. You have to ask yourself why the US is Exporting oil when it could be distributed at home to meet consumption.
2
Oil production peaked in February 2020 at 13.1 million barrels during POTUS 45 presidency and immediately dropped during the pandemic. The lowest production of the past 6 years was lowest in August of the election year of 2020, also during POTUS 45 presidency (still that was nearly double of all years prior to 2013) Oil production has been intermittently but steadily rising since then. The current production of oil in the US is 11.5 million barrels which is higher than the production of 10.5 million barrels October 2018. US oil production is predicted to be on track to reach an all-time high of 13.5 million barrels by 2023. US oil exports are at their 2018 levels as well. US oil production vs oil consumption is currently only about -1% While the US is currently importing more oil that it is exporting it is only at a 1% difference compared to production. You have to ask yourself why the US is Exporting oil when it could be distributed at home to meet consumption. Consumer oil prices are at the highest they have been is 7 years. Coincidentally the top 5 Oil Corporations have had their highest profits ABOVE inflation in the past 7 years.
2
The US was "energy independent" for about 2 mouths in 2020. Oil production peaked in February 2020 at 13.1 million barrels during POTUS 45 presidency and immediately dropped during the pandemic. The lowest production of the past 6 years was lowest in August of the election year of 2020, also during POTUS 45 presidency (still that was nearly double of all years prior to 2013) Oil production has been intermittently but steadily rising since then. The current production of oil in the US is 11.5 million barrels which is higher than the production of 10.5 million barrels October 2018. US oil production is predicted to be on track to reach an all-time high of 13.5 million barrels by 2023. US oil exports are at their 2018 levels as well. US oil production vs oil consumption is currently only about -1% While the US is currently importing more oil that it is exporting it is only at a 1% difference compared to production. You have to ask yourself why the US is Exporting oil when it could be distributed at home to meet consumption.
2
@LetEdBeEd Who are your "clients", Eddie? What service do you perform?
1
The US was "energy independent" for about 2 months in 2020. Oil production peaked in February 2020 at 13.1 million barrels during POTUS 45 presidency and immediately dropped during the pandemic. The lowest production of the past 6 years was lowest in August of the election year of 2020, also during POTUS 45 presidency (still that was nearly double of all years prior to 2013) Oil production has been intermittently but steadily rising since then. The current production of oil in the US is 11.5 million barrels which is higher than the production of 10.5 million barrels October 2018. US oil production is predicted to be on track to reach an all-time high of 13.5 million barrels by 2023. US oil exports are at their 2018 levels as well. US oil production vs oil consumption is currently only about -1% While the US is currently importing more oil that it is exporting it is only at a 1% difference compared to production. You have to ask yourself why the US is Exporting oil when it could be distributed at home to meet consumption. Consumer oil prices are at the highest they have been is 7 years. Coincidentally the top 5 Oil Corporations have had their highest profits ABOVE inflation in the past 7 years.
1
The Keystone XL is an unnecessary spur pipeline to the existing and fully operational Keystone pipeline that still currently ships CANADIAN oil THROUGH the US to the Gulf of Mexico for EXPORT overseas.
1
"The oil futures like the stock market have a lot of emotion involved." And here I thought that the Stock and Commodities markets were run by dispassionate, level-headed professional with a degree based on sound principles. 🤣🤣🤣
1
Oil production peaked in February 2020 at 13.1 million barrels during POTUS 45 presidency and immediately dropped during the pandemic. The lowest production of the past 6 years was lowest in August of the election year of 2020, also during POTUS 45 presidency (still that was nearly double of all years prior to 2013) Oil production has been intermittently but steadily rising since then. The current production of oil in the US is 11.5 million barrels which is higher than the production of 10.5 million barrels October 2018. US oil production is predicted to be on track to reach an all-time high of 13.5 million barrels by 2023. US oil exports are at their 2018 levels as well. US oil production vs oil consumption is currently only about -1% While the US is currently importing more oil that it is exporting it is only at a 1% difference compared to production. You have to ask yourself why the US is Exporting oil when it could be distributed at home to meet consumption.
1
Oil production peaked in February 2020 at 13.1 million barrels during POTUS 45 presidency and immediately dropped during the pandemic. The lowest production of the past 6 years was lowest in August of the election year of 2020, also during POTUS 45 presidency (still that was nearly double of all years prior to 2013) Oil production has been intermittently but steadily rising since then. The current production of oil in the US is 11.5 million barrels which is higher than the production of 10.5 million barrels October 2018. US oil production is predicted to be on track to reach an all-time high of 13.5 million barrels by 2023. US oil exports are at their 2018 levels as well. US oil production vs oil consumption is currently only about -1% While the US is currently importing more oil that it is exporting it is only at a 1% difference compared to production. You have to ask yourself why the US is Exporting oil when it could be distributed at home to meet consumption.
1
@victoroneill7924 "How do you deliver oil to China/Europe by truck/rail?" From Russia? You know why this whole Ukraine fiasco is going on?🙄
1
Keystone XL did not add to anything.
1