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We WERE energy independent. The current administration cut production soon after taking power. The previous administration had expanded domestic oil production
by Gollapalli 5y ago
We WERE energy independent.
The current administration cut production soon after taking power. The previous administration had expanded domestic oil production resulting in the energy independence of 2020 mentioned in the article.
Why they are talking about 2020-2021 energy independence as though it applies to the current situation, I do not understand. I expect that there is some truth to the sentiments expressed by other commenters that this article is, in fact, tendentious in its aims.
- shortstuffsushi 5y agoYeah, I'm confused about this as well. Two years ago, this claim saying "we're now independent" would make sense, but now it almost feels like we could say the reverse; we've become less independent (less production, more demand) - situations like the current Ukraine problem could cause more trouble, not less
- dillondoyle 5y agoThis isn't true. If you can prove me wrong I'd be happy to read about why. It sounds like we're talking about leases. talking about future production, the Biden admin allowed more federal lands leasing in their first year than trump did. [1] They paused new leases at the start but they're back. They are trying to get more money from lease sales but idk where that's at. And with high covid prices the admin asked companies to increase production back to pre covid levels faster. Total us production isn't back to pre covid levels yet [2], but all the reporting I've raid says it's because of covid, manic swings in demand and pricing, share price volatility, pressure to reign in spending, and push for renewables [3] Personally, we do need to get strict with leases. This transition period is going to be painful hard to balance such long term assets (like decades to build and get roi from new large oil development) with a transition that we need to happen as fast as possible. Going to hurt but could hurt less if we can spend the few T needed to beef up renewables, get new cars on road, replace electric stoves, etc. [1] https://biologicaldiversity.org/w/news/press-releases/new-data-biden-slays-trumps-first-year-drilling-permitting-by-34-2022-01-21/ https://biologicaldiversity.org/w/news/press-releases/new-da... [2] https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=M... [3] https://www.cnn.com/2021/11/10/energy/oil-gas-prices-joe-biden/index.html https://www.cnn.com/2021/11/10/energy/oil-gas-prices-joe-bid...