Replies to post #417018 on Tornado Alley (PROG)

[DesertDrifter]

It would lessen their incentive to price gouge if they were not allowed to keep exorbitant price gouged gains and were taxed on them heavily.

Repubs have no plan other than another insurrection that they have communicated. No other stated plans for anything other than contesting elections.

[blackhawks]

Same kind of fantastical thinking that gave us Trump.

the repubs will do it starting immediately after Nov22

First off, they can't do shit until they're sworn in; no immediate in that scenario. Secondly they won't be able to pass any legislation favorable for the oil companies over the needs of consumers.

Remember the filibuster?

[fuagf]

hap. You sound like Scalize "And you can explain how a "windfall profit tax" would lower
gas prices -- but never mind, the repubs will do it starting immediately after Nov22 hap"

DesertDrifter, as usual nailed it for you:
It would lessen their incentive to price gouge if they were not allowed to keep exorbitant price gouged gains and were taxed on them heavily.
P - Repubs have no plan other than another insurrection that they have communicated. No other stated plans for anything other than contesting elections.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169181960

Which, again as per usual other troll visiting here very often do, you ignored. So, to your sounding like Scalize:

House Dems pass gas price-gouging bill that faces uphill battle in the Senate
Four Democrats joined Republicans in voting against the measure.
By Lalee Ibssa May 20, 2022, 5:56 AM
[...]
"If anybody is going to be sued for gouging, it should be the Gouger-in-Chief Joe Biden who has created this problem," House GOP Whip Steve Scalise said on the House floor on Thursday. "Stop relying on foreign countries for our energy when we can make it here cleaner, better than anyone in the world and lower gas prices and address this problem. This bill doesn't do it. We got to bring up the bills that actually fix the problem."
https://abcnews.go.com/Politics/house-dems-pass-gas-price-gouging-bill-faces/story?id=84806090

Trouble is you Republicans have no solutions except your solution to your political situation. Your basically only solution to America's inflation
problem is to mislead the public by blaming Biden. If you disagree with that, say specifically, how it is wrong. Meanwhile see some again:

Joe Biden Didn’t Do This

"Fact Check - Republicans Wrongly Blame Biden for Rising Gas Prices
[...]
“Covid changed the game, not President Biden,” said Patrick De Haan, the head of petroleum analysis for GasBuddy, which
tracks gasoline prices. “U.S. oil production fell in the last eight months of President Trump’s tenure. Is that his fault? No.”
P - “The pandemic brought us to our knees,” Mr. De Haan added.
[...]
Russia’s invasion of Ukraine has only compounded the issues.
[...]
The notion that the United States gained “energy independence” under Mr. Trump, and reversed course under Mr. Biden, is also misleading.
P - Even before Mr. Trump took office, the United States had been projected .. https://www.eia.gov/todayinenergy/detail.php?id=29433 .. to become a net energy exporter in the 2020s “because favorable geology and technological developments result in the production of oil and natural gas at lower costs,” according to the Energy Information Administration.
[...]
[... re Keystone... ]
Even if Mr. Biden had greenlighted the project and TransCanada, now known as TC Energy, had won its court battles, it is unlikely that the pipeline would have been operational today given that the company estimated in March 2020 that it would have entered into service in 2023"

Republicans say the White House is responsible for high gas prices. That’s ridiculous.

By Nitish Pahwa
March 15, 20229:37 AM
[...]
Why Absolutely Nothing Republicans Are Saying About Gas Prices Makes Sense

Members of the GOP have been saying that a big reason the cost of gas soared over the past few months is that the president simply hasn’t let oil companies drill enough.

Specifically, they say, the White House has bottled up American fossil fuel production by issuing fewer oil leases on federal lands and by stopping pipeline construction.

For example: Republicans on the Senate Energy and Natural Resources Committee complained in a letter .. https://www.energy.senate.gov/services/files/6902686E-7AEC-47F8-8C38-5010A3A352D4 .. this month “there has not been one lease sale on federal lands since you imposed a ban in violation of federal law.” (They implored Biden to “take the shackles off American energy.”) And the House Republicans’ campaign chief blamed .. https://www.nbcnews.com/politics/politics-news/republicans-cheer-russian-oil-ban-jeer-biden-rising-gas-prices-rcna19178 .. the gas price spike on the administration shutting down “drilling on federal lands,” “freezing all the permits” offered to oil drillers, and “killing the Keystone XL pipeline.”

It is true that U.S. oil production is lower now than it was in in February of 2020, when it hit an all-time record high of 12.8 million barrels. (That was before the market crashed at the onset of the coronavirus crisis.) But based on the GOP’s rhetoric, you might be tempted to think that U.S. oil production had collapsed since Biden stepped into the Oval Office.

That’s just not the case: In fact, oil production has actually increased .. https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m , from about 11 million barrels per day to 11.5 million barrels through 2021. As Biden himself noted last week when announcing sanctions on Russian energy, domestic oil companies pumped more .. https://www.nbcnews.com/politics/politics-news/republicans-cheer-russian-oil-ban-jeer-biden-rising-gas-prices-rcna19178 .. crude during the first year of his presidency than in the first year of Donald Trump’s. The number of oil rigs operating in the United States is still growing .. https://rigcount.bakerhughes.com/ , too.

Indeed, much to the frustration of climate activists, Biden has actually done very little to slow fossil fuel production on federal property.

Biden did promise to halt new drilling on federal lands during his campaign. And in the first months of his term, he temporarily paused the sale of new public oil leases. But a federal judge struck down this pause in June .. https://www.nytimes.com/2021/06/15/climate/biden-drilling-federal-land.html , and then, in November, the Biden administration held the single largest-ever auction .. https://slate.com/news-and-politics/2021/12/biden-oil-gas-gulf-mexico-interior-drilling-lease-sale.html .. of oil and gas drilling leases from the Gulf of Mexico, locking in a future guarantee of more than 1 billion new barrels of oil from that region. (It’s worth noting that the administration was not required to make this sale, as the Justice Department itself admitted—it was entirely the government’s choice.)

The Biden administration also did pause sales .. https://www.nytimes.com/2022/02/20/climate/carbon-biden-drilling-climate.html .. again last month, after a Trump-appointed judge blocked the administration from considering climate costs when auctioning oil leases. So it’s a GOP-approved official who’s forced .. https://www.nytimes.com/2022/02/20/climate/carbon-biden-drilling-climate.html .. this halt on land sales while the administration rejiggers its energy accounting.

More to the point: Even if Biden had approved the Gulf of Mexico tracts earlier in his term, or leased more federal lands before the current pause, it wouldn’t have made much difference in today’s oil prices. It would have taken .. https://www.theatlantic.com/science/archive/2022/03/us-oil-natural-gas-price-surge-energy-independence/626979/ .. many months—in some cases, years—to extract, refine, and put those billion barrels on the market.

It’s also false to say the Keystone XL pipeline’s shutdown plays a role here. Last June, when Biden canceled .. https://www.cnbc.com/2021/06/09/tc-energy-terminates-keystone-xl-pipeline-project.html .. an important permit for the Alberta-to-Nebraska crude pipeline, only 8 percent .. https://www.reuters.com/article/factcheck-keystonepipelinexl-builtandpai/fact-check-though-keystone-xl-pipeline-had-secured-most-of-its-funding-it-was-only-8-constructed-idUSL1N2LA2SQ .. of the entire line had been constructed; the completed pipe wouldn’t have gone online until next year at the earliest. The Keystone talking point likewise ignores that the Biden administration allowed the controversial Line 3 pipeline in Minnesota to finish construction .. https://www.mprnews.org/story/2021/09/29/enbridge-says-line-3-replacement-complete-opens-friday .. and go online in the fall, allowing for ongoing transports of Alberta crude. So there’s little reason for House Minority Leader Kevin McCarthy or South Dakota Gov. Kristi Noem to be so upset ..

President Biden ignored the energy needs of South Dakota - and of every American - when he stopped Keystone XL in its tracks to appease anti-energy extremists, on top of banning drilling on federal land.

— Kristi Noem (@KristiNoem) February 28, 2022

.. . We’re not suffering for crude imports from Canada, anyway, in large part because tens of millions of barrels travel into the U.S. by rail.

The Real Issue: Oil Companies Are Actually Just Trying to Pad Their Profits

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