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Alex Epstein @AlexEpstein
America has a virtually limitless supply of natural gas and an incredible ability to ramp up production quickly. E.g., between 2017 and 2018 we were able to increase gas production by 10B cubic feet per day—the equivalent of 1.7M barrels of oil (72M gallons) per day. — PolitiTweet.org
Alex Epstein @AlexEpstein
How Democrats could have made natural gas prices lower By supporting the liberation of natural gas investment, production, and especially transport, Ds have could have ensured we had plenty of cheap gas to use and to export to allies who need it. They did the exact opposite. https://t.co/s8BCmnxnHe — PolitiTweet.org
Alex Epstein @AlexEpstein
Next time you hear a D politician say there’s nothing they could have done about oil prices, remember that we had the opportunity to produce far more oil—but Ds were so hostile to oil that our "Energy Secretary" is someone who advocated "keeping fossil fuels in the ground." https://t.co/iIlJpgFBee — PolitiTweet.org
Alex Epstein @AlexEpstein
Summary: If Ds, upon taking power in 2019, had liberated oil investment, production, and transport, we could have led the world in rapidly ramping up production post-pandemic. Instead, we’ve been considerably slower than OPEC+, which *actively avoids* fast ramp-ups in production. https://t.co/dzRsQl1Ziw — PolitiTweet.org
Alex Epstein @AlexEpstein
Another D position that has increased oil prices is hostility to pipelines, especially Keystone XL. This has inhibited Canada from bringing oil to market, which prevents Canada from using its vast oil deposits to their full potential—meaning lower global supply and higher prices. — PolitiTweet.org
Alex Epstein @AlexEpstein
In addition to sabotaging US oil’s enormous potential by going after oil investment, D politicians have done everything they can to sabotage oil production: threatening to ban fracking, banning federal leases, and calling for new, costly taxes and regulations. https://t.co/8PtKzn2EHg — PolitiTweet.org
Alex Epstein @AlexEpstein
In July one of America’s most successful oil execs, Cody Campbell, wrote an article, "Yes, Biden’s War On The Oil And Gas Industry Is Driving Shortages And High Prices," citing Ds’ idea that "the need for oil and natural gas is soon coming to an end." https://t.co/k8v3AHQLYM — PolitiTweet.org
Alex Epstein @AlexEpstein
High post-pandemic demand for oil would normally be a great opportunity for oil producers to rapidly increase their capital expenditures and profit from higher prices. But today’s hostile environment, overwhelmingly from D politicians, makes companies reluctant to invest. https://t.co/waavWx2J68 — PolitiTweet.org
Alex Epstein @AlexEpstein
Is it any wonder that, threatened incessantly by US Ds and other anti-oil forces, global investment in oil declined dramatically despite growing long-term demand? Between 2011 and 2021, oil/gas exploration investments declined 50%. Less investment = less supply = higher prices. — PolitiTweet.org
Alex Epstein @AlexEpstein
Leading Democrats like Elizabeth Warren and Bernie Sanders constantly threaten US oil production and make good on those threats by trying to prevent crucial oil infrastructure projects, such as pipelines. Having these kinds of politicians in power drives investment away from oil. https://t.co/gxlq3eSjGA — PolitiTweet.org
Alex Epstein @AlexEpstein
Since Barack Obama ran for President declaring "the age of oil must end in our time" and continuing through Joe Biden’s "guarantee" that "we’re going to end fossil fuel," US Democrats have threatened the future of oil production—a major deterrent for investment. https://t.co/gYli0rR1hl — PolitiTweet.org
Alex Epstein @AlexEpstein
American oil producers can only have a huge effect on global markets if investors are free to invest in oil production. But Ds have sabotaged oil investment by 1) supporting various "ESG" policies that call for reduced oil investment and 2) threatening oil producers’ existence. — PolitiTweet.org
Alex Epstein @AlexEpstein
Energy Secretary Granholm’s statement "that oil is a global market; it is controlled by a cartel…called OPEC" captures the view that US policy has little effect on global markets. But as the shale revolution proved, American industry can have a huge effect on global markets. https://t.co/eu8X1VrBFJ — PolitiTweet.org
Alex Epstein @AlexEpstein
How Democrats could have made oil prices lower By supporting the liberation of oil investment, production, and transport, Ds could have unleashed our vast resources and industrial ingenuity to dramatically add to global oil supply—putting major downward pressure on prices. — PolitiTweet.org
Alex Epstein @AlexEpstein
Ds could have ensured far lower oil/gas prices despite global tumult had they, upon taking power in 2019: 1) Liberated oil investment, production, and transport. 2) Liberated natural gas investment, production, and transport. Instead, they systematically strangled oil and gas. — PolitiTweet.org
Alex Epstein @AlexEpstein
Democrats are claiming there’s nothing they could have done about today’s oil and natural gas prices. These prices, they say, are outside America’s control because they are largely set by global markets. In fact, had Ds been pro-oil/gas our prices would be much lower. — PolitiTweet.org
Alex Epstein @AlexEpstein
Here’s a chart of residential natural gas prices over the last several winters from the US Energy Information Administration. Notice the massive spike projected for this winter—meaning record heating bills for many. https://t.co/YSK6s9HYr7 — PolitiTweet.org
Alex Epstein @AlexEpstein
America is experiencing our worst energy crisis since the 1970s. High oil prices are making driving expensive, while high natural gas prices are making heating and electricity far more expensive—above all in the Northeast, where some ratepayers might see prices >2X last winter’s. https://t.co/SBxykksSQU — PolitiTweet.org
Alex Epstein @AlexEpstein
America’s energy crisis is mostly US Democrats’ fault. I don’t identify as R or D. But as an energy expert I must say this: had Ds spent the last 3.5 yrs *liberating US oil/gas investment, production, and transport* instead of strangling them, energy would be far cheaper. 🧵👇 — PolitiTweet.org
Alex Epstein @AlexEpstein
How Democrats could have made oil prices lower By supporting the liberation of oil investment, production, and transport, Ds could have unleashed our vast resources and industrial ingenuity to dramatically add to global oil supply—putting major downward pressure on prices. — PolitiTweet.org
Alex Epstein @AlexEpstein
Ds could have ensured far lower oil/gas prices despite global tumult had they, upon taking power in 2019: 1) Liberated oil investment, production, and transport. 2) Liberated natural gas investment, production, and transport. Instead, they systematically strangled oil and gas. — PolitiTweet.org
Alex Epstein @AlexEpstein
Democrats are claiming there’s nothing they could have done about today’s oil and natural gas prices. These prices, they say, are outside America’s control because they are largely set by global markets. In fact, had Ds been pro-oil/gas our prices would be much lower. — PolitiTweet.org
Alex Epstein @AlexEpstein
Here’s a chart of residential natural gas prices over the last several winters from the US Energy Information Administration. Notice the massive spike projected for this winter—meaning record heating bills for many. https://t.co/Mz6HiSu0pj — PolitiTweet.org
Alex Epstein @AlexEpstein
America is experiencing our worst energy crisis since the 1970s. High oil prices are making driving expensive, while high natural gas prices are making heating and electricity far more expensive—above all in the Northeast, where some ratepayers might see prices >2X last winter’s. https://t.co/8Wkf2HEOZQ — PolitiTweet.org
Alex Epstein @AlexEpstein
America’s energy crisis is mostly US Democrats’ fault. I don’t identify as R or D. But as an energy expert I must say this: had Ds spent the last 3.5 yrs *liberating US oil/gas investment, production, and transport* instead of strangling them, energy would be far cheaper. 🧵👇 — PolitiTweet.org
Alex Epstein @AlexEpstein
How Democrats could have made oil prices lower By supporting the liberation of oil investment, production, and transport, Ds could have unleashed our vast resources and industrial ingenuity to dramatically add to global oil supply—putting major downward pressure on prices. — PolitiTweet.org
Alex Epstein @AlexEpstein
Ds could have ensured far lower oil/gas prices despite global tumult had they, upon taking power in 2019: 1) Liberated oil investment, production, and transport. 2) Liberated natural gas investment, production, and transport. Instead, they systematically strangled oil and gas. — PolitiTweet.org
Alex Epstein @AlexEpstein
Democrats are claiming there’s nothing they could have done about today’s oil and natural gas prices. These prices, they say, are outside America’s control because they are largely set by global markets. In fact, had Ds been pro-oil/gas our prices would be much lower. — PolitiTweet.org
Alex Epstein @AlexEpstein
Here’s a chart of residential natural gas prices over the last several winters from the US Energy Information Administration. Notice the massive spike projected for this winter—meaning record heating bills for many. https://t.co/HIX6U5FHV9 — PolitiTweet.org
Alex Epstein @AlexEpstein
America is experiencing our worst energy crisis since the 1970s. High oil prices are making driving expensive, while high natural gas prices are making heating and electricity far more expensive—above all in the Northeast, where some ratepayers might see prices >2X last winter’s. https://t.co/IaYApS7D9W — PolitiTweet.org
