and BIDEN wants to BUY OIL FROM RUSSIAN FRIENDS, VENEZUELA and IRAN!
INSANITY is in Control!!

Jerry Simmons, president of the Domestic Energy Producers Alliance, said President Joe Biden’s statements about removing fossil fuels by 2050 and his administration’s tightening of the industry’s regulations are stifling the production of energy and causing prices to rise.

Biden’s Rhetoric and Regulations Hampering Oil and Gas Output: Energy Alliance President

By Masooma Haq and Paul Greaney
March 13, 2022 Updated: March 13, 2022

Jerry Simmons, president of the Domestic Energy Producers Alliance, said President Joe Biden’s statements about removing fossil fuels by 2050 and his administration’s tightening of the industry’s regulations are stifling the production of energy and causing prices to rise.

“When you make these statements about an industry and, as the president, the incoming president, then you kind of set the stage,” Simmons told NTD Business on March 10. He added that the rhetoric about fossil fuels further curtails investors’ willingness to put money into an industry already hurting from the COVID-19 pandemic.

Simmons was referring to statements Biden made during his campaign about ending the use of fossil fuels by 2050 to mitigate the so-called climate crisis.

Simmons said that investment is key to exploring fossil fuels because each viable well costs millions of dollars to get up and running.

“A typical well today costs about $8 million to drill; this isn’t cheap, easy stuff. And these projects take years in development to get everything done to get the geology right, the engineering, and all of the infrastructure around it,” said Simmons.

Biden, however, blamed Russian President Vladimir Putin’s invasion of Ukraine as the key factor causing inflation, especially the rising prices of oil and gas.

“Today’s inflation report is a reminder that Americans’ budgets are being stretched by price increases, and families are starting to feel the impacts of Putin’s price hike,” Biden said in a March 10 White House statement.

“A large contributor to inflation this month was an increase in gas and energy prices as markets reacted to Putin’s aggressive actions,” Biden said.

Simmons pointed out that Biden’s regulations are key to rising energy prices, saying that even though most drilling takes place on private land, the president’s new regulations on the industry are hampering production.

“Again the Biden administration has put up roadblocks to infrastructure since coming in office. Three regulations, the Federal Energy Regulatory Commission that permits pipelines, they’ve got new regulations now that require some assessments that never had been required before,” Simmons said. “So those kinds of things have hampered our efforts to ramp up production.”

“So late 2019, we were almost 13 million barrels a day in U.S. production. Now we’re a little under 12 million or so, and the Russian oil and refined products just got banned by President Biden. That’s about 700,000 barrels a day that we consume of Russian product.”

Simmons said even if Biden changed his position about the U.S. developing fossil fuels, it would still take several months to get production back up and reduce prices.

“You’ve got to plan these projects out, and you’ve got to have the investor confidence that it’s going to last,” Simmons said.

He reiterated how important the president’s stance on fossil fuels is for drawing investments but was not hopeful that Biden would prioritize fossil fuels.

“I think that that would be huge, but I don’t see that coming

Views: 104

Comment

You need to be a member of Citizens' Task Force on Wind Power - Maine to add comments!

Join Citizens' Task Force on Wind Power - Maine

Comment by arthur qwenk on March 13, 2022 at 7:34pm

Buying oil from Venezuela and IRAN by Biden is Near Insanity   (WE MUST USE OUR ABUNDANT U.S. Energy  for Freedom and Independence!!!

Biden is an overt Commie!!

Comment by Lynn Oleum on March 13, 2022 at 5:21pm

"Green" was a comintern project. Greens who are not consciously communists are useful idiots.

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

Not yet a member?

Sign up today and lend your voice and presence to the steadily rising tide that will soon sweep the scourge of useless and wretched turbines from our beloved Maine countryside. For many of us, our little pieces of paradise have been hard won. Did the carpetbaggers think they could simply steal them from us?

We have the facts on our side. We have the truth on our side. All we need now is YOU.

“First they ignore you, then they laugh at you, then they fight you, then you win.”

 -- Mahatma Gandhi

"It's not whether you get knocked down: it's whether you get up."
Vince Lombardi 

Task Force membership is free. Please sign up today!

Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

© 2022   Created by Webmaster.   Powered by

Badges  |  Report an Issue  |  Terms of Service