Biden’s crude oil policies could be the cause of shortages and inflation
With no known replacement for crude oil, Biden and ESG proponents must be careful about eliminating “all” 3 fossil fuels!
A year before being sworn in as president in 2021, Biden professed that “we are going to get rid of fossil fuels”. Prior to the recent inauguration, America succeeded for the first time since Harry Truman was president some 70 years ago, in finally becoming independent of crude oil and no longer held hostage to unstable oil powers and uncertainties. foreign crude oil supply.
The unintended consequences of trying to rid America and the world of crude oil use are being realized in supply shortages and price spikes resulting from the elimination of products and fuels made from crude oil that support:
- Asphalt for approximately 65 million kilometers of roads worldwide
- Tires for the 1.4 billion vehicles worldwide
- Fertilizers to feed the world on this increasingly depleted and overpopulated land.
- Medical supplies primarily made from petroleum derivatives
- Jets which include over 50,000 for the military, commercial and private sector.
- Merchant ships which include more than 53,000 that transport goods around the world
- Predominantly plastic vehicles
- Renewable wind turbines and solar panels made from petroleum derivatives
On March 31, 2022, President Biden announced that he would tap into the US Strategic Petroleum Reserve (SPR) and consume a third of it (180 of 700 million barrels of oil) in an attempt to control rising gas prices. America consumes an average of about 19.78 million barrels of oil per day. The SPR was created in the aftermath of the 1973 energy crisis to act as a significant deterrent to oil import cuts and a key foreign policy tool. Using it to drive down gas prices can be irresponsible and dangerous to national security.
Unbeknownst to Biden, it’s that California, with the highest fuel cost in the country, won’t get anything from oil because there is no pipelines over sierra mountains to california energy island.
As renewables continue to underperform in electricity generation, crude oil continues to be targeted for phase-out along with coal and natural gas, even though oil is rarely used to generate electricity . Today, Biden supports allowing banks and investment giants to collude to reshape energy economies and infrastructure with their Environmental, social and governance (ESG) divestment in fossil fuels. ESG is a very dangerous precedent because the American people never voted to give banks that kind of control over our country.
Biden and ESG supporters must be careful to eliminate “all” the 3 fossil fuels!
- Among the 3 fossil fuels which are coal, natural gas and crude oil, crude oil is the only one mainly used to make products for society which are the basis of the economy.
- Crude oil is virtually useless unless it is processed (refineries) into petroleum derivatives that are the basis for more than 6,000 products in our daily lives that did not exist before the 1900s, and fuels for moving heavy and long range needs. aircraft, cruise ships and merchant ships, and the military and space program.
- Wind turbines and solar panels can produce intermittent electricity, but they cannot manufacture anything. BTW, all of the products needed to make parts for vehicles, wind turbines, solar panels, planes, ships, medical supplies, tires, asphalt, and fertilizers are made with the petroleum derivatives made from crude oil.
- It seems obvious that efforts to end the use of crude oil may be the greatest threat to civilization. Trying to achieve a decarbonized world like the one that existed in the 1800s and before could lead to billions of deaths for the 8 billion people on earth from disease, malnutrition and weather-related deaths, compared to projections of millions of deaths due to climate change.
- Of the 3 fossil fuels of coal, natural gas, and crude oil, where is the replacement or clone of Biden and ESG for crude oil, to power today’s societies and economies?
Biden’s continued flip-flop on his crude oil strategies for America has led to tight supplies of product to meet growing demand for this limited supply. Biden continues to send mixed and contradictory oil strategies:
Biden was against oil with hiscancellation of the Keystone XL pipeline which would have provided our country with daily crude oil from Canada. The results of the Keystone pipeline which was to transport 830,000 barrels to America is that Canada has another buyer in China. Now that oil is sent by rail to west coast ports before being loaded onto ships to take it to China. A car will contain an average of 650 barrels. It takes 12 trains of 100 cars each (gross by rail) each day to transport 830,000 barrels to the West Coast where they can be shipped halfway around the world to China.
Biden was against oil when he bought into the messages of a A Russian-funded environmental group that has donated millions to the fight against fracking groups support GND and stop, reduce, or severely weaken crude oil and natural gas fracking in the United States in states like Texas, North Dakota, Colorado, Oklahoma, Louisiana, and Pennsylvania by putting implemented several restrictions on domestic oil production.
Following the May 2022 Colonial Pipeline cyberattack that nearly shut down the East Coast, Biden was for oil byBegging OPEC+ to increase oil production to combat soaring gas prices and skyrocketing costs of fossil fuel products while limiting America’s abundant energy production.
Biden was for oil when oil imports from Russia accounted for 8% of US oil imports. When he finally blocked oil imports from Russia, Biden continued his efforts to import crude oil when he began to look to Venezuela, but that country must approximately $100 billion to its external creditors, including China and Russia. Some reports put the figure higher. With the current debt situation with China and Russia, and the unstable government in Venezuela, this is not a pretty picture.
Do-it-yourself domino effect with flip-flop oil strategies for crude oil supply chain may continue supply shortages and price spikes for the thousands of products that support the entire medical industry, all branches of the military, airports, electronics, communications, merchant ships, container ships and cruise liners, as well as asphalt for roads, tires and fertilizers to help feed the world.
Biden and the ESGers appear to lack a basic understanding of crude oil use as they tinker with the crude oil supply chain that supports lifestyles and economies that did not exist in the decarbonized 1800s. .