Peppermint Patty is partially correct here US output was 13.5M without Keystone pipeline pre Covid lockdowns…. Covid lockdowns now apparently ending…. Perhaps US output could just return to pre-Covid rates now with everyone going back to work…. This is not the consensus view though…
PSAKI: "The reason why the price of gas is going up is not because of steps the president has taken, they are because Putin is invading Ukraine."
— RNC Research (@RNCResearch) March 4, 2022
Gas prices rose $1.14 from Biden's inauguration to the day Putin invaded. pic.twitter.com/z02ZrUznAr
Jen Psaki reminds everyone that Republicans are lying about the Keystone Pipeline, "The Keystone Pipeline has never been operational. It would take years to have any impact." pic.twitter.com/XqHzLFwrwl
— Sarah Reese Jones (@PoliticusSarah) March 3, 2022
US production drop was (originally) due to Covid lockdown policy, was at 13.5M and thus the swing producer was outside of OPEC+, resulting in competitive low prices…
If Brandon were running against Putin in the Novembers, that might help him.
ReplyDeleteYou should never name something a "Keystone".
ReplyDeletee.g. Keystone Cops.
I think the keystone thing now is Canadian elements politics trying to get it turned back on…
ReplyDeleteUS crude by rail politicking against it…
Somebody paying Mike pence now to go out and politics for friendlier oil policy…
US ESG (extremely stupid girls) policies giving US producers and their investors some pause…
I’m hoping it’s all just politics as usual and the well heads are already there from pre Covid and if Covid lockdowns are really over this time people are just going to go back to work and we’ll soon be back to the pre Covid production rate… prices should reduce..,
They Keystone pipeline would transit Canadian crude to the Gulf, and then it would be exported.
ReplyDeleteWhy are we exporting nearly 4 mbd, yet Biden is begging the Saudis, Iranians and Maduro for oil? Is he an idiot or totally controlled by the oil companies?
ReplyDeleteMight be exports of refined product… not crude…
ReplyDeleteiow Russia crude imported , refined in US, then exported from US as refined product..
ReplyDeleteEvens out…
crude probably up because Saudis/OPEC+ back to swing producer so the just post prices…
ReplyDeleteWe
US needs to get back to production rate where US (non opec+) becomes swing producer again then price will come down as it is no longer under cartel control…
Whole thing is a scam…
ReplyDeleteLewd lubed crude...
ReplyDelete