Blurryeyed Loc: NC Mountains.

Rather than White House whining about OPEC, America needs to drill, baby, drill — but Biden refuses
By Post Editorial Board
October 5, 2022 6:15pm

Biden has refused to say whether the US will increase drilling.

President Biden has delayed decisions on new federal oil and gas drilling and other energy-related actions since coming into office.

No, Biden, the discussion about c*****e c****e hasn’t ‘ended’

Prices at the pump had already started edging up before OPEC+ decided Wednesday to cut oil production by 2 million barrels a day, ignoring the White House’s frantic appeals. “It’s clear that OPEC+ is aligning with Russia with today’s announcement,” flamed White House Press Secretary Karine Jean-Pierre.

Wrong again, Karine: The Saudis and the rest are simply serving their own interests by limiting supply to keep prices high; they’re gettin’ while the gettin’ is good. Too bad your boss, President Joe Biden, refuses to serve America’s interests by unleashing US energy producers.

Instead, Biden is releasing another 10 million barrels from the US Strategic Petroleum Reserve, which was already at a decades-long low from his prior actions. And never mind that this will only make up for five days of the OPEC+ cuts: The prez needs to do something basically symbolic — because his ideology stands in the way of doing anything meaningful.

This comes as OPEC+ said it would cut back on releasing oil.

Biden is releasing another 10 million barrels from the US Strategic Petroleum Reserve,

The United States had become a net energy exporter under President Donald Trump; Biden forthrightly set out to end that from his first day in office. He k**led the Keystone XL pipeline and signaled that he’d nix more; he froze new drilling leases on federal lands (and has since allowed far fewer than any president since Harry Truman).

And he put the entire US fossil-fuel industry on unmistakable notice that he wanted it out of business as soon as possible. His administration and its allies are also doing their best to discourage lending to the fossil-fuel industry.

As a result, investment in future US production has barely ticked up even as energy prices soared this past year. That goes beyond limiting new drilling to not rebuilding America’s refineries — which, Joseph Toomey notes in a new RealClearEnergy paper, have seen their largest drop in capacity ever these last few years.

If Trump policies had continued, finds a new Committee To Unleash Prosperity study, the United States would be producing 2 million to 3 million more barrels of oil, and at least 20 billion more cubic feet of natural gas, a day than it is now. And GDP would be about $100 billion more a year.

Biden is utterly committed to suicidal energy policies in the name of fighting c*****e c****e — policies that can’t deliver the energy the nation (and our allies) need because alternative-fuel technologies (and infrastructure) simply aren’t there yet, and won’t be for decades. The main impact will be to enrich China.

Rather than reverse course, he resorts to empty gestures — SPR releases, futilely begging the Saudis to up production, ranting at gas stations and even taking credit for the brief price drop earlier this year that was simply the result of people driving less because gas cost so much.

The real answer to the energy crisis is simple: Drill, baby, drill here at home. Too bad the nation needs to get the Democrats out of power to do that.

lenben Loc: Seattle

Drilling might affect supply in the future but the cost of petroleum is decided by an international market that the President has no influence upon. The US is oil independent and exports oil. The cost is decided not by the President's policies but by forces out of the President's control. One could also argue that we should not drill to reserve our oil for the future when other sources run out.

Blurryeyed Loc: NC Mountains.

Wrong in just about everything you have written, that is the old democrat line, won't make an immediate difference as they have a history of using this line as they have fought against energy production for years. The fact is had they not done all they could to interfere with the development of drilling and refining in this country we would be in much better shape today. Currently the largest oil producers are hesitant to make the required investments to meet current demand, they are hesitant because of the political and regulatory environment created by this administration and the Democrats in congress.

We have not built a refinery in this country in over 20 years even though our population and demand for refined products has greatly increased because of Dems and their environmental interest groups are continuously fighting energy production in this country....

I just want to take a moment and thank the dems for the s**tfest we find ourselves in today.

cwp3420

Then why did FJB take credit for himself when prices dropped? And, why is he now claiming it’s Putin’s war when they start rising again? You can’t have it both ways.

DaveO Loc: Northeast CT

We are among the biggest exporters in the world. Also, one of the biggest gluttons.

Wheat and associated products prices have dramatically increased here while we export around half of what we produce, so there is more to the story than us just simply increasing production to offset or lessen price increases of any given commodity.

Blurryeyed Loc: NC Mountains.

Our production has never been only for domestic consumption, I understand this as well as does the author of the piece, we are however a major producer in the energy field and were we to produce at full potential it is a reasonable assumption that we would have impact on international prices and by extension domestic prices.

DaveO Loc: Northeast CT

It is also a reasonable assumption that our wheat production should have greater impact on our domestic prices, so I'm merely being critical of the assertion that more refining capacity or increased supply would greatly impact our energy costs.

Blurryeyed Loc: NC Mountains.

It surely couldn't hurt and it just might save us the embarrassment of our president trying to make deals with the Iranians and Maduro if they will only increase supply. It is however complicated, one does not have to think too far back when because if decreased demand during the p******c the price of a barrel of oil in the commodity markets actually hit negative values, Opec has suggested that forecasts of a worldwide recession is the reason why they are cutting production, it makes sense but they are doing it a little soon so it does not seem to be an entirely honest explanation. The same consideration would have to be made by domestic producers if the US was in a position that they were actually producing more than they currently are.

DennyT Loc: Central Missouri woods

So you want federal government b to involve itself in private oil refineries. ?

Btw it takes 18 months. To drill a well and start oil. Like was said it could affect the future but not any time soon.

Why would any oil refiner spend billions on a new refinery when the auto industry is going electric??
I am sure share holders would love tgst decision/ NOT!

Blurryeyed Loc: NC Mountains.

No, I don't want the federal government involved in refineries, and I already explained the entire problem with the dumbass excuse of "BTW it takes 18 months".

dpullum Loc: Tampa Florida

Drill Baby Drill, for the foundations of building housing Safe Molten Salt Thorium Reactors nukes that burn molten Thorium Salt in combo with Spent fuel from aged water-cooled nuclear plants which we presently bury.

Advancement has been held back by petro companies bribing politicians and the disasters of water-cooled plants.

The Aardvark Is Ready

Oh complete BS!!! Advancement has been held back by l*****t Luddites.

Blurryeyed Loc: NC Mountains.

Yes and you know this because you have seen all those politicians walking around with those petro dollars overflowing from their pockets.... Just because you can think it does not make it true, besides, last time I checked my car does not have a nuclear reactor as its power source.

It is the left (your side) who fights against nuclear power development not the right. From everything I have read nuclear is still somewhat cost prohibitive, of course if the government was willing to subsidize it as it is seemingly willing to subsidize wind and solar that may make enough difference to make it more feasible.

thom w Loc: San Jose, CA

The tiniest bit of arithmetic would tell you that Biden can't possibly be the cause of our not having built a new refinery in 20 years.
I know a lot of people who love the WSJ, but they reserve stuff from the editorial board as bird cage lining. Who knew that you would come along, rescue it from the bottom of the cage and post it here.

Blurryeyed Loc: NC Mountains.

Biden is representative of the left and the regulatory state at its worst. He some how thinks that through the creation of a command economy he will go down as the greatest president our country has ever had when in reality he will go down as one of the worst.