President Joe Biden

This is your reply? Let me ask in more simpler terms. Are there existing cases against trumpy and his cronies? In your opinion, will the JAN 6 hearings nudge the DOJ to become more serious about investigating trump and co? Does the committe think it's an unbiased entity doing the work of the people? Do you think anyone will test positive for covid?
All you've done is confuse him.....
NOTE: See Daffy on the pond
 
This is your reply? Let me ask in more simpler terms. Are there existing cases against trumpy and his cronies? In your opinion, will the JAN 6 hearings nudge the DOJ to become more serious about investigating trump and co? Does the committe think it's an unbiased entity doing the work of the people? Do you think anyone will test positive for covid?
You are triggered and obsessed.
 
I'm not opposed to calling the oil companies out on the carpet, but I will concede that it might not get much Republican support.
Obviously not, and screams of socialism. Unfortunately, there's not a lot governments (D or R) can do wrt inflation and the price of oil at the moment. That's zero comfort to those most impacted, so the pols will scream sound bites and blame the other side and hope something sticks. The Ds get to own this as they are in charge.
 
Just FYI in case this wasnt common knowledge.
I took it that he was referring to the billions in tax breaks/benefits that the oil industry is being provided with by our government annually, i.e. remove those given the fact that they are making record profits. One of the European oil giants basically said on an earnings call that they had so much money, they couldn't even invest it (in their business), basically they didn't know what to do with all the extra cash they had. They had invested as much as they could and still had buckets left.

Again, its capitalism at work, they just happen to be making bank, not due to any extraordinary business skills etc that they have, but due to a variety of geopolitical occurrences that have driven the markets to pump the price up despite the fact that there really isn't a fundamental supply issue, albeit there is a slight shortfall but that could be plugged (given its relative size). To put it another way, if the price per barrel was $50, then the oil producers would be providing 100M barrels a day and more if they could, but at $120 they have no incentive to do anything.

Interesting (to me)

"I'd say it's more in the $70 range than it is in the $120 range," Morse told Bloomberg. "If you look at the fair value for oil, look at the flowing curve. It's exaggerated."

On Wednesday, oil prices continued to rise with the reopening of China’s key financial hub, Shanghai, after two months of lockdowns that had chipped away at fuel demand.

At the same time, more in line with Citi’s $70 oil valuation based on demand, the OPEC+ Joint Technical Committee (JTC) in a Wednesday meeting reduced its global oil demand forecast for 2022 by 200,000 bpd, now expecting oil demand growth to be 3.4 million bpd. This is the second month in a row OPEC has downwardly revised its oil demand growth projections.

Based on these demand projections, when OPEC+ meets on Thursday, it is unlikely to raise its production quotas.


Citi: Oil Is Overvalued By $50 Per Barrel | OilPrice.com
 
WASHINGTON, June 14, 2022 – The American Petroleum Institute (API) today released a 10 in 2022 plan – 10 policies that policymakers can advance today to unlock American energy, fuel economic recovery, and strengthen national security. As energy costs and geopolitical instability around the world continue to rise, API is calling on policymakers to confront the global mismatch between energy demand and available supply that has driven higher fuel prices by supporting greater U.S. production and infrastructure.

“America is blessed with abundant energy resources that are the envy of the world. Given today’s global unrest and economic uncertainty, American energy is a long-term strategic asset that can advance our national and economic security,” said API President and CEO Mike Sommers. “These 10 in ’22 policies are a framework for new energy leadership for our nation, unleashing investment in America and creating new energy access while avoiding harmful government policies and duplicative regulation. It’s time to lead.”

In a letter to President Biden, Sommers highlighted the economic importance of American oil and natural gas resources, supporting more than 11 million U.S. jobs, investing billions in the U.S. economy, and powering our way of life and urged his administration to act immediately to implement the 10 policies that support energy investment, create new access and keep government policies from unnecessarily restricting energy growth.

10 actions policymakers can take right now:

1. Lift Development Restrictions on Federal Lands and Waters

The Department of the Interior (DOI) should swiftly issue a 5-year program for the Outer Continental Shelf and hold mandated quarterly onshore lease sales with equitable terms. DOI should reinstate canceled sales and valid leases on federal lands and waters.

2. Designate Critical Energy Infrastructure Projects

Congress should authorize critical energy infrastructure projects to support the production, processing and delivery of energy. These projects would be of such concern to the national interest that they would be entitled to undergo a streamlined review and permitting process not to exceed one year.

3. Fix the NEPA Permitting Process

The Biden administration should revise the National Environmental Policy Act (NEPA) process by establishing agency uniformity in reviews, limiting reviews to two years, and reducing bureaucratic burdens placed on project proponents in terms of size and scope of application submissions.

4. Accelerate LNG Exports and Approve Pending LNG Applications

Congress should amend the Natural Gas Act to streamline the Department of Energy (DOE) to a single approval process for all U.S. liquefied natural gas (LNG) projects. DOE should approve pending LNG applications to enable the U.S. to deliver reliable energy to our allies abroad.

5. Unlock Investment and Access to Capital

The Securities and Exchange Commission should reconsider its overly burdensome and ineffective climate disclosure proposal and the Biden administration should ensure open capital markets where access is based upon individual company merit free from artificial constraints based on government-preferred investment allocations.\

6. Dismantle Supply Chain Bottlenecks

President Biden should rescind steel tariffs that remain on imports from U.S. allies as steel is a critical component of energy production, transportation, and refining. The Biden administration should accelerate efforts to relieve port congestion so that equipment necessary for energy development can be delivered and installed.

7. Advance Lower Carbon Energy Tax Provisions

Congress should expand and extend Section 45Q tax credits for carbon capture, utilization, and storage development and create a new tax credit for hydrogen produced from all sources.

8. Protect Competition in the Use of Refining Technologies

The Biden administration should ensure that future federal agency rulemakings continue to allow U.S. refineries to use the existing critical process technologies to produce the fuels needed for global energy markets.

9. End Permitting Obstruction on Natural Gas Projects

The Federal Energy Regulatory Commission should cease efforts to overstep its permitting authority under the Natural Gas Act and should adhere to traditional considerations of public needs as well as focus on direct impacts arising from the construction and operation of natural gas projects.

10. Advance the Energy Workforce of the Future

Congress and the Biden administration should support the training and education of a diverse workforce through increased funding of work-based learning and advancement of STEM programs to nurture the skills necessary to construct and operate oil, natural gas and other energy infrastructure.

Click here to view the plan.

API represents all segments of America’s natural gas and oil industry, which supports more than 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our nearly 600 members produce, process and distribute the majority of the nation’s energy, and participate in API Energy Excellence®, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 800 standards to enhance operational and environmental safety, efficiency and sustainability.

###

https://www.api.org/news-policy-and...e-us-energy-leadership-fuel-economic-recovery
 
A tampon shortage is the latest nightmare for women
https://www.cnn.com/profiles/allison-morrow
By Allison Morrow, CNN Business

Updated 4:04 PM ET, Fri June 10, 2022
New York (CNN Business)Supply chain problems and inflation have hit virtually all consumer goods, but women who menstruate are now facing an added strain as a shortage of period products hits the United States.

Top retailers and manufacturers acknowledged the shortages this week, confirming complaints that have been circulating on social media for months. The issue garnered national attention this week after an article in Time called the dearth of tampons and pads the shortage "no one is talking about."

"I haven't seen any products in stores for months," one user posted on Reddit. "I've been ordering my tampons on Amazon and have been getting price gouged."

Tampon prices are up significantly — nearly 10% from a year ago, according to Bloomberg. But an Amazon spokesperson denied rumors of price gouging, saying its policies "help ensure sellers are pricing their products competitively," and that the company actively monitors pricing and removes offers that violate its fair pricing policy.

The shortages appear to stem from supply constraints around key materials like cotton and plastic, which are also used in personal protective equipment, and have been in high demand from the start of the pandemic. The war in Ukraine has further crimped supply because Russia and Ukraine are both major exporters of fertilizer, which is used to grow cotton. A drought in Texas hasn't helped, either.

Shortages of raw materials and supply chain bottlenecks aren't unique to period products, but much like the US infant formula shortage, there's an unrelenting and urgent biological demand for them that can't be easily substituted. People who menstruate can't simply wait for the shelves to be restocked.

"Getting raw and packed materials to the places we need to get them to continues to be costly and highly volatile," said Andre Schulten, Procter & Gamble's chief financial officer, on a recent earnings call.

When Time asked Procter & Gamble, which owns the popular Tampax and Always brands, about the shortage, a company spokesperson blamed increased demand linked to an ad campaign featuring the comedian Amy Schumer.

Since the ads launched in July 2020, "retail sales growth has exploded," the spokesperson told Time.

Of course, putting the blame on Schumer's ads doesn't account for why other brands also are hard to come by. A P&G representative told CNN Business Thursday that the Tampax team is "producing tampons 24/7 to meet the increased demand."

"We understand it is frustrating for consumers when they can't find what they need," the P&G spokeperson said in an email. "We can assure you this is a temporary situation."

As headlines about the Schumer comment circulated this week, the comedian, who's spoken publicly about her hysterectomy last year, responded with a quip on social media.

"Whoa, I don't even have a uterus," she wrote on Instagram Thursday beneath a screenshot of a headline reading: "Why Amy Schumer is getting blamed for the national tampon shortage."

Schumer's representatives didn't respond to a request for comment.

Both Walgreens and CVS said they are aware of tampon and other period product shortages in some areas and that they are working with their suppliers to ensure they can restock as soon as possible.

The tampon shortage shares uneasy parallels with the infant formula shortage, primarily in the unhelpful responses offered by men who aren't directly affected by them. In both cases, women say they are being bombarded with comments — some genuinely offering help, others dripping with indignation over women's supposed biological failings.

"If we could imagine a world where men had to breastfeed their babies ... the formula shortage there would not be so dire," wrote journalist Elizabeth Spiers in an opinion essay for The New York Times. "In that alternative reality...formula would not be stigmatized because it's a choice men would want to have available to them."

 
So your answer is: "I don't know"
Husker is so partisan he cannot see what is in front of him.

- the Ds did not allow the Rs to place who they wanted on the committee. So the fix was in from the start.
- the Ds then picked their own 2 Rs. Ones who hate T.
- In the opening evening discussing T tweets they leave out comments that exonerate him. IE...the tweet they discuss T mentions the election was stolen, etc. However they leave out the part at the end where he says go home and do so peacefully.

If you stack the committee is is purely partisan.

If you are providing "evidence" and make selective cuts it again shows it is purely partisan.

If the evidence was a slam dunk...they would not need to do stuff like the above.

There are lots of things/people/etc I dont like. However I am not going to throw out the rules, lie, selectively edit, etc in order to get them. If that is the only way you can "get" someone...ie by lying, cheating, stacking the committee, then you are no better than the person you are trying to get. They claim T threw out the norms. But in their zeal to get him, are doing just that.
 
Husker is so partisan he cannot see what is in front of him.

- the Ds did not allow the Rs to place who they wanted on the committee. So the fix was in from the start.
- the Ds then picked their own 2 Rs. Ones who hate T.
- In the opening evening discussing T tweets they leave out comments that exonerate him. IE...the tweet they discuss T mentions the election was stolen, etc. However they leave out the part at the end where he says go home and do so peacefully.

If you stack the committee is is purely partisan.

If you are providing "evidence" and make selective cuts it again shows it is purely partisan.

If the evidence was a slam dunk...they would not need to do stuff like the above.
And now the Democrat chair is claiming they will not be making a criminal referral.
 
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