President Joe Biden - Kamala Harris Administration

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#39,952
$100 Crude in 2023? Oil and Gas Prices Expected to Have Another Bullish Year

Despite higher prices, the U.S. energy sector has refrained from dramatically boosting output as production is still below pre-pandemic levels. In the first week of January, the industry produced 11.7 million barrels per day (bpd), according to the Energy Information Administration (EIA). By the end of December, output totaled 12 million bpd.

President Joe Biden has engaged in a war of words with oil and gas companies.

The administration repeatedly claimed that the sector has 9,000 permits to drill. But the fossil fuel industry has disputed the White House’s assertions, purporting that there are many challenges that producers need to overcome, such as attracting capital, fighting litigation by environmental organizations, and tackling red tape that results in delays.

“While we may not appreciate the cynical attempt to deny the effects of the president’s own ‘no federal oil’ policies, we appreciate that the White House suddenly wants American producers to develop on federal lands. After the Biden administration spent over a year making it more difficult to develop on federal lands while begging Russia to increase its production, the admission—no matter how long it took to make—that American production is preferable to Russian is now welcome,” said Kathleen Sgamma, president of Western Energy Alliance, in a statement in March. “We also appreciate that suddenly environmental groups are very keen for us to develop on existing leases and permits, as they constantly sue to stop any development.”
 
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TNVOLNAVY said:
They must have figured they’ll already have enough Pedo’s in attendance.

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Let this sink in for a moment. The leader of the United States of America... A alleged CATHOLIC... will not represent us at the funeral of the head of the CATHOLIC church.
 
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#39,956
SpaceCoastVol said:
Let this sink in for a moment. The leader of the United States of America... A alleged CATHOLIC... will not represent us at the funeral of the head of the CATHOLIC church.
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The late Pope & the Vatican ..... "their wishes" are for Idiot Joe Biden NOT to attend the funeral.
Joe Biden is such an embarrassment to have around & he chits his pants that nobody wants him to be around to smell him.

First Catholic President in 60 Years Told Not Attend Late Pope's Funeral...Is This Why?
 
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#39,957
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#39,959
W.TN.Orange Blood said:
The late Pope & the Vatican ..... "their wishes" are for Idiot Joe Biden NOT to attend the funeral.
Joe Biden is such an embarrassment to have around & he chits his pants that nobody wants him to be around to smell him.

First Catholic President in 60 Years Told Not Attend Late Pope's Funeral...Is This Why?
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I am not defending Idiot Joe... but.... The frizzy haired lesbian said that it was the wishes of the Vatican that the US ambassador be the representative of the US. She did not specifically say that they did not WANT the imbecile to represent us, but that the ambassador was the one that they wished would do so. It's a subtle thing. But... I do find it interesting that a "devout catholic" leader of the free world would not personally attend. Why is that?
 
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#39,960
SpaceCoastVol said:
I am not defending Idiot Joe... but.... The frizzy haired lesbian said that it was the wishes of the Vatican that the US ambassador be the representative of the US. She did not specifically say that they did not WANT the imbecile to represent us, but that the ambassador was the one that they wished would do so. It's a subtle thing. But... I do find it interesting that a "devout catholic" leader of the free world would not personally attend. Why is that?
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The article posted above states Joe Biden's work to advance the pro-abortion agenda has put Biden on unsteady footing with the Vatican in the past .... that could be one reason by it self. Plus, Pope Francis didn't always feel so warmly about Biden & his political positions.
 
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#39,961
Jan 03, 2023

St. Louis Fed Quietly Finds US Is Now In A Recession | ZeroHedge


Putting it all together, in just the past month we have seen (or rather read) the following:

  • Philadelphia Fed admitting over 1 million jobs "created" in Q2 never actually happened
  • Cleveland Fed admitting core CPI is far lower than what the BLS reports, and what the Fed feeds into its models.
  • And now, the St. Louis Fed effectively saying that based on the number of states with negative growth, the US is effectively in a recession.
 
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#39,962
jmacvols1 said:
Jan 03, 2023

St. Louis Fed Quietly Finds US Is Now In A Recession | ZeroHedge


Putting it all together, in just the past month we have seen (or rather read) the following:

  • Philadelphia Fed admitting over 1 million jobs "created" in Q2 never actually happened
  • Cleveland Fed admitting core CPI is far lower than what the BLS reports, and what the Fed feeds into its models.
  • And now, the St. Louis Fed effectively saying that based on the number of states with negative growth, the US is effectively in a recession.
Click to expand...

The govment for ya..Could of asked anybody on the street in real time.

"Then, a few days later, the Cleveland Fed suggested that the Fed's entire inflation view is wrong, relying on core CPI (and PCE) data that is woefully, even dangerously, delayed - in some cases lagging market data by up to 12 months,"
 
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#39,964
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#39,965
#39,965
We are about to ping pong for a long time. Hopefully with the new HoR no stimuli will pass though.

"The former physician predicted that the United States will enter a recession by the end of the year, leading the Federal Reserve to cut target interest rates and prompting lawmakers to enact stimulus measures, in turn causing “another inflation spike.”
 
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