Yes, the record of those establishment hacks seems pretty bad. Of course, that assumes they want cheap gas, cheap food, energy independence and to promote America’s interests. There’s every reason to think the opposite: We’re not getting cheap gas, cheap food, energy independence, etc. because that’s not what the establishment wants. What we’re getting is what the establishment does want; if we don’t like it, tough.
Obama, Biden, Warren, Buttigieg, AOC, et. al., want energy usage curtailed. They’ve repeatedly told us they will make this happen by dramatically increasing the cost of energy.
Now they are experiencing success. So, they must deny high prices have anything to do with their policies. This is because the human immiseration from high energy prices quickly becomes experientially and intuitively obvious to everyone. Acknowledging your success in the endeavor is saying the quiet part out loud.
Michael Moore did a masterful job of implying that quiet part, without going full Extinction Rebellion, in his 2019 film Planet of the Humans. He caused a stir because he severely ruffled some envirostatist feathers by pointing out the magnitude of the Green Energy public/pirate partnership fraud.
Moore nails the fraud part. But his real message was subtle: We face an existential, ecological dilemma. We can escape it only by drastic reductions in human population and impoverishment of (most of) those who remain.
My review is here: Planet Without Humans. There’s a link to Moore’s film there, and it is worth watching. The skewering of the green fraudsters is amusing, and the barely submerged lamentation about humans as a cancer on the planet is a “know your enemies” education.
Following are some practical insights, in three parts, about the policy effects arising from Envirostatist population control goals.
Together, these are a primer on the domestic oil industry: The mechanics of leases/permits/financing/production under the Biden Administration. Written by David Middleton, who describes himself as “a geologist/geophysicist in the “climate wrecking industry” since 1981 at Watts Up With That?.
Do they really think we can just “dial up the volume” on oil wells? Competent operators produce oil wells at the rate that maximizes the volume of recoverable oil. We don’t dial the volume up and down in an effort to control uncontrollable oil prices. When prices rise, we have more cash flow to spend on additional drilling. This increases oil production, which eventually lowers prices. Production will increase in response to higher prices, but it’s not an instantaneous thing.
“Oil leases” are the mineral rights to geographical tracts of land/seafloor. They don’t have oil because the government designates them as “oil leases.” In the Central GOM, on the shelf, a standard “oil lease” is a 3 mile by 3 mile square tract, covering 5,000 acres. Standard deepwater leases are a bit larger, covering 5,760 acres… However, they’re all just square tracts of acreage. Well, not all… Some leases along the edges of the protraction areas are smaller polygons. The geology of the Gulf of Mexico and the oil that migrated into its geological traps didn’t pay attention to the future leasing plans of the US government.
Since, Brandon seemed serious about “banning new oil and gas permitting on public lands and waters”, oil companies with large lease positions on Federal lands in places like New Mexico and Wyoming began stockpiling drilling permits to ensure that they had sufficient inventory to continue drilling through at least the next 4 years…
These companies stockpiled four years worth of drilling permits. They may “have 9,000 permits.” However, they’re not “to drill now.” They applied for sufficient permits to maintain their drilling programs from 2021 through 2024… Because Brandon promised to shut down permitting…
The concern was so great that we were advised to file Suspension of Operations (SOO) applications for all of our leases in the Gulf of Mexico…
“Biden’s first actions as president included re-entering the Paris Climate Accord, canceling the Keystone XL Pipeline, halting a leasing program in the Arctic National Wildlife Refuge (ANWR), issuing a 60-day halt on new oil and gas leases and drilling permits on federal lands and waters (which account for nearly 25% of U.S. production), directing federal agencies to eliminate fossil fuel “subsidies,” imposing tougher regulations on oil and gas methane emissions (which were first promulgated under President Barack Obama and had been eased under President Donald Trump), and hiring SEC regulators to prepare climate and ESG disclosure mandates.”
“Because, as we all know, elections matter. And when folks vote, they order what they want. And in this case, they got what they asked for.”
– VPOTUS Kamala Harris
“Democracy is the theory that the common people know what they want, and deserve to get it good and hard.”
– H. L. Mencken
March 15, 2020 – Debate with Bernie Sanders
The Biden campaign was quick to say that Biden’s statement was misinformation. Haha, they actually didn’t say that. They did explain “what information he really meant to convey.”
That’s just Joe, he said the quiet part out loud.
The approved meaning was there will be no more drilling on Federal land. A plausible explanation for what he meant to say. Not so plausible for his real meaning.
If fossil fuel extraction in your own country is an existential threat, why would you – POTUS – stop with Federal land? You can wield the full weight of the regulatory state against all US producers everywhere.
Joe’s error does not rise to Kinsley gaffe level (a slip of the tongue revealing some truth that a politician did not intend to admit), because a real Kinsley gaffe has a minimum bar: A history of public speech hinting that bewildered incognizance is not your standard method of dealing with reality.
If you have to decimate domestic oil production to finesse a campaign promise… If that implies pretending oil from Iran and/or Venezuela is preferable to United States production… If you refuse to accept oil from an ally by keeping Keystone XL closed when shutting down Russian oil…
Then it is not a gaffe. It’s a plan.
When any POTUS declares his intent to destroy an industry it has a tendency to affect capital markets.
…and to encourage overreach from Federal agencies predisposed to assist in the destruction. The Feds, with subsidies to investors like Warren Buffet, makers like Elon Musk, and scams like Solyndra have encouraged activist investors to lobby for environmental, social, and governance (ESG) purity. That’s probably more accurately described as DIE (diversity, inclusion, equity) investment.
Gaslighting is an emotionally-abusive strategy that causes someone to question their feelings, thoughts, and sanity. Someone who employs gaslighting tries to convince the other that their own perception of reality is wrong. The purpose of this is to convince the person being gaslit that they can’t trust their own instincts or thoughts. A gaslighter may try to convince you that your memories are incorrect, that you overreact to situations, or that something is “all in your head.” They may then try to convince you that their version of events is the truth.
In 2008, future Obama administration Secretary of Energy Steven Chu shared his vision for American energy policy:
“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
In the month before the Obama administration assumed office, the average price for a gallon of gasoline in the United States was $1.59. This week, [April 1, 2012] the price of gasoline has climbed to $3.79.
The Biden administration resumed Obama’s sabotage of our domestic oil and gas producers on day one. The average price for gasoline at the end of Biden’s first week of office was $2.39 a gallon. Prices have now hit above $4.
The Democrats, having pummeled investment in oil and gas extraction, pretend that production can be flipped like a light switch. Jen Psaki tells us there are “9,000 leases not being exercised.” This may be true, but it is entirely unrelated to the fact the United States is no longer energy independent. How does that even happen in under 12 months?
Leases not in use is a factoid servicing a Big Lie.
A friend wrote:
“A lease is but one element necessary to overcome to get oil to market: “Copious permitting paperwork over a period of months or years, financing from banks and investors being pressured to disinvest, means of getting the crude to refineries, refining capacity, taxes that threaten return on capital, and legal challenges.”
With Putin’s invasion of Ukraine the plot has gotten out of hand for the President. So, he complains that the oil and gas producers aren’t doing enough. Putin provides Democrats more cover for the real Green Ordeal objective, described masterfully in this excerpt from a book review by Peter W. Wood of Bewilderment, a novel by Richard Powers: RTWT.
[T]he real endgame is a remnant human population on a vegan diet perhaps supplemented with insects; the restoration of Earth’s landmass to animal-friendly wilderness; and small-scale cooperative (socialist) societies living in harmony with nature. Less utopian versions of this vision are available, but properly understood, all of them rule out modern life as we know it. People like Biden don’t take any of that seriously. Their interest is in the political game, not the endgame, but it is important to understand the premises and the motives of the activists who are driving the politics. They may never get their utopia, but they can cause profound misery in their attempts to reach it. And we are seeing some of that now.
That was Barack Obama in 2008. Obama’s electricity plan was not implemented, but it lurks in the dreams of the Green Ordealers: Every environmental problem could be solved if there were fewer humans and they were all less well off.
It’s Critical Race Theory applied to all humans everywhere. White people may be colonialist, homophobic, and racist by the accident of being. But every human being is a planet killer by the same standard.
In support of Critical Humanity Theory, President Biden is emulating Obama’s plan. On his first day in office Biden targeted energy in the form of gasoline, natural gas, and propane.
Now, with a world supply shock from the Russian invasion of Ukraine, the rate of oil price increase is exceeding the trajectory Obama planned for electricity.
Adding to the gasoline price acceleration, Biden today banned imports of Russian oil (Good for him, but it’s only about 3% of US usage.).
The President warned us to be ready for the “Putin price hike.” Nah. It will be a joint effort. I think Biden had ‘the don’t let a crisis go waste’ principle in mind: “I can raise gas prices, blame it on Putin, and AOC will be happy.”
Everything to the left on that chart can reasonably be called the ‘Biden price hike.’ These stickers were being placed on gas pumps long before Vlad mobilized.
Since the President refuses to unleash American oil and gas production, or change his decision to shutter the Keystone XL pipeline, I think the price hikes remain his.
Instead of importing the Keystone oil from Canada, an ally, we’re begging in Venezuela, and soon Iran, for oil.
Oil which we will burn. Just like American or Canadian oil. CO2 will not be reduced, but we’ll pay a lot more to produce it. To thugs.
I admit Justin Trudeau is a thug too, but there’s more hope Canada will depose him. If there was ever a worthwhile nation re-building effort we should support – it’s Canada.
Enter Secretary of Transportation Pete Buttigieg, telling us all we need to do to avoid high gas prices is buy electric cars.
“Clean transportation can bring significant cost savings for the American people as well. Last month, we announced a $5 billion investment to build out a nationwide electric vehicle charging network so that people from rural to suburban to urban communities can all benefit from the gas savings of driving an EV.”
Get back to me when that charging network you’re spending 5 billion taxpayer dollars on is complete, Pete. Meanwhile, how about a cost free initiative? Open Keystone XL and lift all Federal impediments to American energy production. We could be energy independent again.
Buttigieg is correct, there is a gasoline saving in driving an EV. That is not the same as saving money, saving energy, or reducing CO2 emissions, however.
There’s the cost of buying a new car you may well not need, and with groceries up 20%, maybe can’t afford. You also may be pinched financially by the cost of heating your home.
The taxes we pay to subsidize other people’s electric car purchases need to be accounted for.
And, what if everybody buys an EV? Will demand for electricity make prices:
c) remain the same, or,
d) go to zero, with a grid collapse?
Will the Feds add a special ‘transportation electricity’ tax in order to replace gasoline taxes? The Transportation Secretary didn’t address the question.
Electric cars get their power mostly from coal and natural gas. Prices on those fossil fuels are up, so that will raise electricity prices. Any money savings for electricity as fuel is unlikely to last without major investment in nuclear plants.
So saving money with an EV may be over optimistic in the mid-term. And, without nukes, in the long term.
Gasoline is the current energy hot-button. It’s a preview for the real green agenda: All energy costs must be high to discourage humans from reproducing.
You may find that objectionable. I do not mean every amateur environmentalist is an Extinction Rebellion fellow traveller, but the envirostatist elite are committed to that Malthusian principle. It explains a great deal, and its modern incarnation is well described by Paul Ehrlich and the Club of Rome 50 years ago.
“As electric cars and trucks continue to grow in popularity within the United States and around the world, we must seize the chance to make advanced batteries — the heart of this growing industry — right here at home,” Secretary of Energy Jennifer Granholm said in a statement. “With funding from Bipartisan Infrastructure Law, we’re making it possible to establish a thriving battery supply chain in the United States…
But the White House acknowledged that China controls an “outsized share” of global mineral refining capacity in a supply chain report published in June. Mineral refining is a key component for renewable energy technology including battery manufacturing.”
Compare that announcement with this one from 2010:
Despite bad reviews of ethanol and an unrequited flirtation with windmills, the Governor thinks she has a clue about THE NEXT BIG THING:
“In Michigan, we are trying our own version of this race — focused on the lithium-ion advanced battery for electric cars, a high-tech product previously manufactured almost exclusively in Asia.
We offered irresistible state tax incentives for manufacturers of “advanced energy storage.” We pancaked our state incentives on top of the competitive federal Department of Energy grants to advanced-battery companies and suppliers. We also created robust public-private partnerships.”
Her reasoning was that if we gave A123 $100 million it would make them a success. What it did was encourage bad business decisions. “Irresistible tax incentives,” are so hard to resist you don’t worry about business plans.
That mention of ethanol? It was the previous BIG THING. Granholm had just watched the bankruptcy of her earlier irresistibly incentivized green boondoggle – $20 million for an ethanol plant that never got built.
That bright future for batteries in Michigan didn’t work out either.
One of the reasons China has an outsized share of battery manufacturing is because Jennifer Granholm hand picked winner went bankrupt. And then the Chinese bought it for pennies.
A123 has ripped off the American taxpayer for $249 million in grants from the U.S. Department of Energy. It was one of former governor Granholm’s favorite picks, to the tune of $100 million. The Chinese are grateful, I suppose, for taxpayer assistance while A123’s stock dropped from $26.00 to $0.82. Without said assistance, A123 might have been gone before they could buy it. Worse yet, from Obama’s point of view, Bain Capital might have turned it around.