Biden demands supermarkets cut soaring grocery prices that threaten his re-election -

[Taichiliberal]

Damned willfully ignorant/genuinely stupid sheet wearing MAGA morons! "It's all Biden's fault" is the parrot squawk du jour for them, details be damned.


Reality check:

Fact Check Team: Inflation eases but food prices remain high

https://thenationaldesk.com/top-vid...hipotle-fast-recovery-act-california-virginia

 

[TOP]

You are quite right. They put themselves in their own paradox, and they are STILL trying to argue both sides of the paradox.

Exactly...there are dozens of examples around here where Democrats crow about how families are flourishing, not floundering...
How quickly they flip the switch when Joe lies....

 

[domer76]

But said only dumb fuck would believe that . So are you now a dumb fuck?

Let’s see. You didn’t post anything that Biden claimed he brought down gasoline prices. Just his plan.

Then, gasoline prices decreased. So, did his plan work or not?

You fucks are hilariously stupid. Claim that high gas prices are due to Biden, but when they drop, they are not.

Fucking morons. Through and through.

 

[RB 60]

Damned willfully ignorant/genuinely stupid sheet wearing MAGA morons! "It's all Biden's fault" is the parrot squawk du jour for them, details be damned.


Reality check:

Fact Check Team: Inflation eases but food prices remain high

https://thenationaldesk.com/top-vid...hipotle-fast-recovery-act-california-virginia

It's still all Trump's fault for you oblivious Democrats. TDS is alive and well. Wait until November...

 

[Geeko Sportivo]

But the infrastructure , wells pipelines pump jacks were in place from the Trump administration. Its not like the ripped it up before Biden took office. If Biden grew production at the same rate Trump did he should be producing 16-17 million barrels a day before the end of his term. We are nowhere close to that.

Let me just remind you that it is not just the large Oil Magnates of the world that fuels our transportation systems.

Independent producers develop 91 percent of the wells in the United States – producing 83 percent of America's oil and 90 percent of America's natural gas. Independents can be small family companies or publicly traded companies.

Have you ever wandered out of Dallas, and driven through West Texas and New Mexico? Did you ever see Pump Jacks sitting there idle and not pumping?

Well, let me tell you, they are there as far as the eye can see- Drilling equipment just sitting there idle on leases where they have been grandfathered in!

Did you ever bother to ask why? Well, let me help you out on that!

Many, and I do mean a lot, of independent drillers, refuse to drill period, unless the price of a barrel of crude goes up and over $100 a barrel.

First of all, that is an outrageous price for crude oil.

And no sitting president now, or ever, wants to see the price of crude to be up over a $100, because the price of gasoline under that price of crude oil would make the price of gasoline become over $5 to $8 a gallon depending on where you live.

So, this is why presidents have little to do with the price of oil. Because a presidents job is to keep gasoline affordable and available for Working American- and keeping the price of crude under $100 a barrel!

So meanwhile, you will always have a lot of the Independent Oil companies just letting their leases and the Drilling equipment just sit there idle, until the next world environmental disaster or war causes the price of crude to go back up over $100 a barrel!

And then, you will see these pump jacks going up and down drilling and jacking like Ron Jeremy in a 70's Porn movie!

 

[archives]

Blatant lie.

Wrong

 

[ExpressLane]

Let me just remind you that it is not just the large Oil Magnates of the world that fuels our transportation systems.

Independent producers develop 91 percent of the wells in the United States – producing 83 percent of America's oil and 90 percent of America's natural gas. Independents can be small family companies or publicly traded companies.

Have you ever wandered out of Dallas, and driven through West Texas and New Mexico? Did you ever see Pump Jacks sitting there idle and not pumping?

Well, let me tell you, they are there as far as the eye can see- Drilling equipment just sitting there idle on leases where they have been grandfathered in!

Did you ever bother to ask why? Well, let me help you out on that!

Many, and I do mean a lot, of independent drillers, refuse to drill period, unless the price of a barrel of crude goes up and over $100 a barrel.

First of all, that is an outrageous price for crude oil.

And no sitting president now, or ever, wants to see the price of crude to be up over a $100, because the price of gasoline under that price of crude oil would make the price of gasoline become over $5 to $8 a gallon depending on where you live.

So, this is why presidents have little to do with the price of oil. Because a presidents job is to keep gasoline affordable for Working Americans.

So meanwhile, you will always have a lot of the Independent Oil companies just letting their leases and the Drilling equipment just sit there idle, until the next world environmental disaster or war causes the price of crude to go back up over $100 a barrel!

And then, you will see these pump jacks going up and down drilling and jacking like Ron Jeremy in a 70's Porn movie!

My little reptilian friend my former business partner is a petroleum geologist. He put himself through medical school by selling small oil deals to independent drillers. Every deal had a built in override for him. If he kept his override and did not sell it I invested in the well. If he sold his override I figure his confidence the lease would be successful was marginal so I didn't invest in the deal. Anyway I still have shares in multiple oil wells. Pump jacks shut down for multiple reasons. Sometimes the well is just old and no longer producing and the equipment has not been salvaged. If you shut down a well there is a very good chance it will stop producing and you will lose it. There are VERY FEW drillers that stop producing to wait for more expensive oil. That is just left wing conspiracy BS. Now producers do decide whether to drill or not based on the price of oil. A drill project makes more sense if oil is 125 a barrel than it does if oil is a 50 a barrel. Back when we were investing in lots of projects we didn't drill unless we could recover our investment if oil fell by 50%. We liked to invest in shallow wells 5k feet or less that were likely not to need a pump jack to flow. We had one that blew gas 4-500 feet away into a stock pond and into a homeowner's water well before they got control of it.

 

[Geeko Sportivo]

My little reptilian friend my former business partner is a petroleum geologist. He put himself through medical school by selling small oil deals to independent drillers. Every deal had a built in override for him. If he kept his override and did not sell it I invested in the well. If he sold his override I figure his confidence the lease would be successful was marginal so I didn't invest in the deal. Anyway I still have shares in multiple oil wells. Pump jacks shut down for multiple reasons. Sometimes the well is just old and no longer producing and the equipment has not been salvaged. If you shut down a well there is a very good chance it will stop producing and you will lose it. There are VERY FEW drillers that stop producing to wait for more expensive oil. That is just left wing conspiracy BS. Now producers do decide whether to drill or not based on the price of oil. A drill project makes more sense if oil is 125 a barrel than it does if oil is a 50 a barrel. Back when we were investing in lots of projects we didn't drill unless we could recover our investment if oil fell by 50%. We liked to invest in shallow wells 5k feet or less that were likely not to need a pump jack to flow. We had one that blew gas 4-500 feet away into a stock pond and into a homeowner's water well before they got control of it.

Thanks for helping me make my case!

The problem is the way we do mineral rights in this country.

There should be a law that says, if after a set time, you do not drill on your lease, someone else can assume the mineral rights (Like assuming a mortgage) and drill right away!

A land owner should not have to stand by a lease if the holder is not going to drill! Why would a land owner lease their own mineral rights away, unless he is making money from the lease? Right?

And if it is a Federal lease, the government should not have to allow a lease holder to not act on that lease! Otherwise why should anyone be allowed to just hold a lease and not act on it?

This is another reason why Presidents can put temporary holds on available leases that no one is acting on! For various reasons sometimes obvioulsy, but certainly for this very reason as well.

It's like SHIT or GET OFF THE POT!

 

[QP!]

I love how Trump is arguing, with regards to the obvious and massive Bidenomics SUCCESS, that it is :

- because Biden is running on the fumes of his economy. Meaning that the economy has been good all along since Trump left, and this is just the continued tail of how good Trump left it.
- because the Stock market and jobs market, etc are reacting positively to a belief he will be POTUS in the future (12 months out) and that is giving the lift today. Thus it is NOT REALLY good today but the hope of Trump coming in is impacting it.


Magats will not concern themselves with that contradiction because, honestly they are too stupid to understand it.

 

[ExpressLane]

Thanks for helping me make my case!

The problem is the way we do mineral rights in this country.

There should be a law that says, if after a set time, you do not drill on your lease, someone else can assume the mineral rights (Like assuming a mortgage) and drill right away!

A land owner should not have to stand by a lease if the holder is not going to drill! Why would a land owner lease their own mineral rights away, unless he is making money from the lease? Right?

And if it is a Federal lease, the government should not have to allow a lease holder to not act on that lease! Otherwise why should anyone be allowed to just hold a lease and not act on it?

This is another reason why Presidents can put temporary holds on available leases that no one is acting on! For various reasons sometimes obvioulsy, but certainly for this very reason as well.

It's like SHIT or GET OFF THE POT!

Have you ever even seen a drilling lease agreement. A few years back Chesapeake wanted to drill the gas under my home. (Horizontal drilling from about a mile away) All they had to do was get 75% of the homeowners in the neighborhood to agree to lease their land. I end of leasing my mineral rights for 15K an acre the lease had a standard 3 year clause that if Chesapeake didn't complete a well by 3 years the mineral rights reverted back to the homeowner. The well would have been on Highway 26 and Kimball in the city limits of Southlake. The city drug its feet on approval and then gas prices fell so the well was never drilled. The mineral rights reverted back to me. That was the easiest 10K I ever made Every oil contact I have ever signed has had a 3 year mineral rights clause on it. Pretty standard stuff.

 

[Geeko Sportivo]

Have you ever even seen a drilling lease agreement. A few years back Chesapeake wanted to drill the gas under my home. (Horizontal drilling from about a mile away) All they had to do was get 75% of the homeowners in the neighborhood to agree to lease their land. I end of leasing my mineral rights for 15K an acre the lease had a standard 3 year clause that if Chesapeake didn't complete a well by 3 years the mineral rights reverted back to the homeowner. The well would have been on Highway 26 and Kimball in the city limits of Southlake. The city drug its feet on approval and then gas prices fell so the well was never drilled. The mineral rights reverted back to me. That was the easiest 10K I ever made Every oil contact I have ever signed has had a 3 year mineral rights clause on it. Pretty standard stuff.

That was great you winning in the end. Other people have not been so lucky, however!

No I haven't ever seen one, heard a lot of sad stories though!

Texas courts have held that mineral leases are not mere rental agreements as the name implies. Instead, they are actually deeds granting limited ownership rights to mineral lessees for as long as the lease continues. The Texas courts have always wanted standards for mineral rights leases for obvious reasons, but the state legislature has never allowed for this to happen! WHY? Let me try to explain- Putting Corporate or just Business Interests over the Land Owners best interests- SIMPLY PUT!

So, I am just going by that general opinion of the Texas Courts, because this is probably more of the case in most leases here in Texas.

 

[Into the Night]

Damned willfully ignorant/genuinely stupid sheet wearing MAGA morons! "It's all Biden's fault" is the parrot squawk du jour for them, details be damned.


Reality check:

Fact Check Team: Inflation eases but food prices remain high

https://thenationaldesk.com/top-vid...hipotle-fast-recovery-act-california-virginia

Of course food prices remain high. The dollar was devalued by 24% since Biden was installed. That's inflation, dude.

 

[ExpressLane]

No I haven't ever seen one, heard a lot of sad stories though!

Texas courts have held that mineral leases are not mere rental agreements as the name implies. Instead, they are actually deeds granting limited ownership rights to mineral lessees for as long as the lease continues.

So, I am just going by that general opinion!

The lease EXPIRES if a well is not drilled in the allotted time. Owners want the royalties so if one producer does not drill they want someone that will. A lease does not give the producers rights forever. It's bizarre that you think it does. Too much time watching CNN would be my guess.

 

[Into the Night]

Let’s see. You didn’t post anything that Biden claimed he brought down gasoline prices. Just his plan.

Biden didn't bring down gas prices.

Then, gasoline prices decreased. So, did his plan work or not?

Biden didn't bring down gas prices. Prices decreased because of two factors at the moment:
* winter mix gasoline (which is cheaper than summer mix)
* a federal court struck down Biden's ban on drilling, causing oil prices to drop to only double what they were during Trump, instead of tripled.

You fucks are hilariously stupid.

You are describing yourself again, Sock.

Claim that high gas prices are due to Biden, but when they drop, they are not.

That is exactly the case, Sock. Oil prices have lowered somewhat not because of Biden, but despite him.

Fucking morons. Through and through.

You are describing yourself again, Sock. You cannot project YOUR problems on anybody else.

 

[ExpressLane]

The lease EXPIRES if a well is not drilled in the allotted time. Owners want the royalties so if one drill does not drill they want someone that will. A lease does not give the producers rights forever. It's bizarre that you think it does. Too much time watching CNN would be my guess.

An Oil & Gas Lease has two parts. The primary term and the secondary term. The primary term on average is 3 years. Companies can add a 2-year extension if they wish. The company that executed the lease uses this time period to achieve drilling the well. Once that is completed, the secondary term begins and lasts for as long as the well is producing. The Oil & Gas Lease has the opportunity to last for decades

.
https://tracts.co/help-center/how-l...mary term on average,as the well is producing.

 

[Into the Night]

Let me just remind you that it is not just the large Oil Magnates of the world that fuels our transportation systems.

So?

Independent producers develop 91 percent of the wells in the United States – producing 83 percent of America's oil and 90 percent of America's natural gas. Independents can be small family companies or publicly traded companies.

So?

Have you ever wandered out of Dallas, and driven through West Texas and New Mexico? Did you ever see Pump Jacks sitting there idle and not pumping?

No.

Well, let me tell you, they are there as far as the eye can see- Drilling equipment just sitting there idle on leases where they have been grandfathered in!

No, they are pumping (unless their storage tanks are full awaiting a pickup.

Did you ever bother to ask why? Well, let me help you out on that!

Many, and I do mean a lot, of independent drillers, refuse to drill period, unless the price of a barrel of crude goes up and over $100 a barrel.

A pump is not a drill, Sock.

First of all, that is an outrageous price for crude oil.

So?

And no sitting president now, or ever, wants to see the price of crude to be up over a $100, because the price of gasoline under that price of crude oil would make the price of gasoline become over $5 to $8 a gallon depending on where you live.

Most of the price of gasoline is in taxes, Sock.

It is taxed for the land the well is to sit on.
It is taxed for the drilling operation.
It is taxed to install the pump and tanks.
It is taxed to pick the oil up and transport it to a refinery.
It is taxed if the oil is imported or exported.
It is taxed to store the crude at the refinery.
It is taxed to refine the oil in various products, including gasoline.
It is taxed to store the finished products.
It is taxed to transport the finished products to the distribution centers.
It is taxed to transport it to the end user (the gas stations).
The gas station is taxed to install or upgrade their tanks.
It is taxed to sell the gasoline to vehicles.
And finally, the vehicle itself is taxed.

So, this is why presidents have little to do with the price of oil.

The price of oil (and gasoline) increase because of Joe Biden's direct actions.

Because a presidents job is to keep gasoline affordable

Biden and Carter failed.

and available for Working American

Carter failed.

and keeping the price of crude under $100 a barrel!

Market price determines the price of crude oil.
When a major exporter of crude oil bans drilling as Biden did, the price of oil on the market goes up. Duh.

I realize you don't understand what capitalism or socialism is, Sock.

So meanwhile, you will always have a lot of the Independent Oil companies just letting their leases and the Drilling equipment just sit there idle, until the next world environmental disaster or war causes the price of crude to go back up over $100 a barrel!

A pump is not a drill, Sock.

And then, you will see these pump jacks going up and down drilling and jacking like Ron Jeremy in a 70's Porn movie!

A pump is not a drill, Sock. The only reason a pump stops due to maintenance or the storage tanks are full and awaiting a pickup.

 

[Into the Night]

Wrong

You can't get out of your blatant lie that way!

 

[Geeko Sportivo]

The lease EXPIRES if a well is not drilled in the allotted time. Owners want the royalties so if one producer does not drill they want someone that will. A lease does not give the producers rights forever. It's bizarre that you think it does. Too much time watching CNN would be my guess.

Well I am glad we both agree about the plight of the land owner!

But, as long as these lease agreements can be written up in Texas a thousand and one different ways, The courts have to go with what was signed and agreed upon in the contract! If a lease sets no time limits, then it is assumed to be forever by the courts! Standards would prevent that from happening!

That's all I am sayin' neighbor!

 

[Into the Night]

Thanks for helping me make my case!

He didn't.

The problem is the way we do mineral rights in this country.

Not a problem.

There should be a law that says, if after a set time, you do not drill on your lease, someone else can assume the mineral rights (Like assuming a mortgage) and drill right away!

Already in place for private land owners.

A land owner should not have to stand by a lease if the holder is not going to drill! Why would a land owner lease their own mineral rights away, unless he is making money from the lease? Right?

Already in place for private land owners.

And if it is a Federal lease, the government should not have to allow a lease holder to not act on that lease! Otherwise why should anyone be allowed to just hold a lease and not act on it?

Does not apply to public land.

This is another reason why Presidents can put temporary holds on available leases that no one is acting on! For various reasons sometimes obvioulsy, but certainly for this very reason as well.

Biden CANCELED permits, Sock.

It's like SHIT or GET OFF THE POT!

Biden took the pot away.

 

[Into the Night]

I love how Trump is arguing, with regards to the obvious and massive Bidenomics SUCCESS, that it is :

Economic depression is not 'success', Kewpie.

- because Biden is running on the fumes of his economy. Meaning that the economy has been good all along since Trump left, and this is just the continued tail of how good Trump left it.

No. Biden and the Democrats caused the current economic depression.

- because the Stock market and jobs market, etc are reacting positively to a belief he will be POTUS in the future (12 months out) and that is giving the lift today. Thus it is NOT REALLY good today but the hope of Trump coming in is impacting it.

Not the economy, Kewpie.

Magats will not concern themselves with that contradiction because, honestly they are too stupid to understand it.

MAGA isn't a person, Kewpie.