The fact that Biden is begging Venezuela for oil begs the question- how would the oil coming from the Keystone XL Pipeline compare to potential Venezuelan oil. Here's the numbers.
Why are we turning to countries like Iran, Venezuela, and Saudi Arabia for oil when we could be turning to Montana, North Dakota, and Texas for oil? Plus, with oil prices skyrocketing, is production in the Bakken oil fields already ramping up due to price alone?
Plus, if you think gas prices are high now, imagine if President Joe Biden and Congressional Democrats had their way. In the past year alone, Biden and the Democrats proposed 17 additional taxes on made in America energy.
Aside from natural gas, what else is brought to the surface when we drill for oil? Water. A lot of it. That's what makes a company eyeing a move to Billings, Montana even more interesting- they're able to take the wastewater from the oil fields and turn it into useable water for agricultural irrigation.
School officials from multiple states are calling on President Joe Biden to reverse his ban on oil and gas leases on federal lands. Montana's Superintendent of Public Instruction Elsie Arntzen (R-MT), signed on to a letter along with public school representatives in Wyoming, North Dakota, Utah, and Alaska.
She's on the record opposing fracking. She's on the record opposing oil and gas drilling on federal land. She's on the record opposing pipelines. And, she couldn't even answer basic questions about wildlife management. She also happens to be President Biden's pick to head up the Interior Department and oversee hundreds of millions of acres of federal land.
When I heard $70 a barrel, I thought- well that's interesting. I mean, ten years ago the US Energy Information Administration (EIA) predicted that come 2020 oil prices would be hovering around $100 a barrel. Here we are in the midst of a crisis with Iran in 2020 and oil prices are still far lower than even the EIA predicted.
Democrat Socialist Rep. Alexandria Ocasio-Cortez (D-NY) went on a frack attack after visiting an oil rig down in Colorado, and let's just say it didn't end well for her. She even got fact-checked by a fellow Democrat on Twitter.
Even though a majority of states saw gasoline prices jumping over the last week, Petroleum Analyst Will Speer said the same could not be said for Montana. Across the board, Montanans have seen close to a four-cent decrease in gas prices.