Originally Posted by MDLNB (Post 2083588)

I don't see the problem :angel:
After all, we do have plenty of fuel underneath us, don't we? I guess someone intends to force us to use Chinese made batteries in our $80k priced vehicles. Everyone can afford an $80k car, right? Hey, the working stiff doesn't need to pay a mortgage. A car is much more important. Let's see, transportation to work or place to sleep? What a conundrum.

Originally Posted by MartinSE (Post 2083560)

America IS open to drilling, the oil companies have over 9,000 drilling permits they are not using.

Originally Posted by JoelJohnson (Post 2082922)

Most modern cars will adjust (via the computer) for E15.

Originally Posted by Tvflguy (Post 2083612)

I’m from the government and I’m here to help…

Originally Posted by Topspinmo (Post 2083649)

Don’t it have to be flex fuel models??

Originally Posted by Topspinmo (Post 2083649)

Don’t it have to be flex fuel models??

Originally Posted by Speedie (Post 2083452)

Great idea 💡. Open up America for drilling and we will have $2 gallon again. America sits on a sea of fuel

Originally Posted by MartinSE (Post 2083560)

America IS open to drilling, the oil companies have over 9,000 drilling permits they are not using.

Thanks to the pandemic and "graying of the workforce" there is a shortage of workers to bring more wells online.

And the BIG reason they are not bringing more wells online:

Over the last decade, U.S. oil production saw tremendous growth. But when prices crashed in 2014, investors lost big money. Oil prices are notoriously volatile, with the industry often suffering from boom-and-bust cycles.

But in the last few years, investors have been making clear to oil producers that they should not sink money into additional drilling in pursuit of the next oil boom. Instead, they want companies to pay back investors.

Exploration and production companies have responded by recording explosive dividend growth. According to the Morningstar U.S. Market Index, the average dividend in dollars per share has grown from $14 in 2018 to $40 in 2021, an increase of more than 180%.

"Energy companies were very afraid to ramp production because they were going to get punished by investors," said Morris, of data provider Alerian.

So, as always the decision to drilling or not is MONEY, not Biden, despite how much so many want to blame Biden.

Originally Posted by MDLNB (Post 2083729)

Wow, someone's been reading the propaganda. Talking about "drilling" someone should DRILL down past the propaganda to get to the truth.

Originally Posted by JMintzer (Post 2083621)

Incorrect. They have over 9000 LEASES, not PERMITS...

Plus, they need permits to build the infrastructure to move the oil once it's pumped out of the ground... None of that is being fast tracked...

Originally Posted by MDLNB (Post 2083729)

Wow, someone's been reading the propaganda. Talking about "drilling" someone should DRILL down past the propaganda to get to the truth.

Originally Posted by MartinSE (Post 2083914)

You are correct, I used the wrong term, any bad. But, it still remains that oil companies are NOT applying for permits. They investors they use to finance drilling new wells do not want them to drill new wells. It is NOT Biden's rules that are stopping them. They have the option to increase production and they do not want to.