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So Biden plans to end American energy independence from Iranian oil

Scott Downey

Well-Known Member
This is what I think will happen. Biden slams fracking down to lower levels only possible on private land, bans it outright on federal lands. Makes it harder for oil and gas companies to get continued funding for operations from wall street and big banks (this is already happening but will get worse).

Then Biden renegotiates the Iran nuclear treaty and allows Iran to sell more than a million barrels a day to world markets. Venezuela also could have sanctions lifted, socialist progressive democrats like AOC, Sanders, love that country. This decimates the US energy industry, jobs are lost, and world prices for oil and energy rises.
Our energy security is transferred to the whims of our enemies overseas, and we are promised great development in wind and solar power which never meet expectations. People start feeling energy poor, and its very expensive to heat homes in the winter months, or fill your car for work, or take out your RV and boats.

Anyone can look it up, oil has hit $140 per barrel in the recent past, and could go higher than that.
 

Scott Downey

Well-Known Member
Biden doing this will also benefit his Chinese buddies. Who want to buy Iranian and Venezuelan oil freely on the world market, while it weakens our US competitive oil companies.

Biden also hates coal mining, will certainly seek to stop coal sales in the US.

Bloomberg - Are you a robot?
Actually its 2 million barrels per day to come from Iran

(are you a robot), are you kidding me, the link works.
 
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