Biden Continues To Flip-Flop On Crude Oil Policies – OpEd

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A year before being inaugurated President in 2021, Biden professed that “we are going to get rid of fossil fuels. Before the recent inauguration, America achieved for the first time since Harry Truman was president about 70 years ago, to finally become crude oil independent and no longer held hostage to unstable Petro-powers and the vagaries of foreign crude oil supplies. 

Biden continues flip-flopping his crude oil strategies for America:

  1. For oil: Biden has implemented many sanctions against Russia, but supports America importing 595,000 Barrels of Oil per day from Russia, or almost $60 Billion dollars a day for Russian crude oil.
  2. Against oil:Cancellation of the Keystone XL pipeline that would have provided our country with daily crude oil per day from Canada. 
    1. Result: The Keystone Pipeline was expected to transport 830,000 barrels of Alberta tar sands oil per day to refineries on the Gulf Coast of Texas. With Canada unable to pipe the oil to America, they have a buyer in China, thus that oil is now being sent by rail to West coast ports before being loaded onto ships to take it to China. A rail car will hold, on average, 650 barrels, and you can put as many as 100 of them on a train, or 65,000 barrels per train. Thus, it takes 12 trains (crude by rail) each day to move 830,000 barrels to the West Coast where it can them be shipped halfway around the world to China. 
  3. For oil: Releasing a 3-day supply of crude oil for America from the U.S. Strategic Petroleum Reserve.
  4. Against oil: Implementing multiple restrictions on domestic oil production. America will be discouraging U.S. energy independence, starting with tightening restrictions on fossil fuel development by suspending Federal Oil and Gas Permits, encouraging the shuttering, and halting of further fracking efforts in America.
  5. For oil: Begging OPEC+ to boost oil production to combat skyrocketing gas prices and spiraling costs for the products from fossil fuels while kneecapping abundant U.S. energy production.
  6. For oil: Now urging the U.S. oil and gas industry to boost production.
  7. Against oil: Biden support banks and investment giants to collude to reshape economies and energy infrastructure with their Environmental, Social and Governance (ESG) divesting in fossil fuels.

The domino effect of tinkering with the supply chain of fossil fuels is supply shortages and soaring prices for not only electricity, but 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, and fertilizers to help feed the world.

The decarbonization efforts of the Green New Deal (GND) are well under way attempting to utilize breezes and sunshine to replace 2 of the fossil fuels – coal and natural gas – that have been used for generating continuous uninterruptible electricity. 

Crude oil is seldom ever used for electricity generation, but somewhere along the line, crude oil got caught on the chopping block efforts to eliminate ALL 3 fossil fuels. Today, allowing banks and investment giants to collude to reshape economies and energy infrastructure with their Environmental, Social and Governance (ESG) divesting in fossil fuels is a very dangerous precedent.

The renewable energy scam is that breezes and sunshine can only generate electricity. Electricity realism requires that the legislators, policymakers, and the media that demonstrate pervasive ignorance about crude oil usage, understand the staggering scale of the decarbonization challenge. 

There needs to be a back-up plan to the hydrocarbon processing industry, i.e., refineries, which has a rich history of discovery, challenges, breakthroughs, trial and error, collaboration, and success. Looking back a little more than 100 years, it’s easy to see how civilization has benefited from more than 250 leading-edge, hydrocarbon processing licensed refining technologies used by the more than 700 refineries worldwide that service the demands of the 8 billion living on earth with more than 6,000 products made from the oil derivatives manufactured out of raw crude oil at refineries. None of these products were available to society before 1900. 

Any leader that can oscillate his crude oil policies so quickly and radically, needs to comprehend some energy literacy to understand American’s demands for virtually all the products that support their lifestyles and economies resulted in fossil fuels production expected to reach record highs in 2023. Citizens are not about to be mandated to live like our ancestors.

The result is that Biden has made things worse and continues to increase inflation and world pollution. He is achieving the exact opposite of what he preaches. It seems that he is using the curtailment of petroleum production as a tool to help decrease population via increased deaths from lack of petroleum products that are the basis of lifestyles and economies around the world.

The link between energy and foreign policy is that energy extends beyond   JUST electricity and includes the direct use of natural gas and the more than 6,000 petroleum products that were not available before 1900 required to support civilization as we know it, and to manufacture vehicles and aircraft.

China and Russia are great War historians of WWI and WWII, and know that the countries that controls the minerals, crude oil, and natural gas, controls the world!  Biden has done a great job of relinquishing “CONTROL” for the “green” materials to China, and relinquishing “CONTROL” of the crude oil to OPEC and Russia!  God help America!

An abundance of energy leads to prosperity, while a restriction or lack of energy leads to economic struggle and poverty.

We can look forward to more oscillating energy signals from Biden, as he has no backup plan for a replacement for the products manufactured from oil, the efforts to cease the use of crude oil could be the greatest threat to civilization, not climate change.  Attaining a decarbonized world like the one that existed in the 1800’s and before, would result in billions of fatalities for the 8 billion on earth from disease, malnutrition, and weather-related deaths.

Ronald Stein

Ronald Stein, Founder and Ambassador for Energy & Infrastructure of PTS Advance, headquartered in Irvine, California.

One thought on “Biden Continues To Flip-Flop On Crude Oil Policies – OpEd

  • March 4, 2022 at 8:42 pm
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    Ron, I am not sure if my math is correct but 595,000 Barrels per day times $100 per barrel is about 60 million dollars per day still a significant amount to the Russian coffers.

    Reply

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