Movin’ on up – oil, that is. The rest of us are toast

Chug, chug, chug – the little engine that could is heating up there in the round house, and testing all its systems for the hill climb.

Today’s test run sure seems to be a signal all cylinders are firing.

BREAKING: Crude oil prices surge toward $94 and are now trading at their highest levels since August 2022.

Oil prices are up 38% in just 3 months and the national average gas price is about to cross $4.00.

Furthermore, oil prices are now 35% ABOVE where the US wanted to refill… pic.twitter.com/MrBy9wJXWx

— The Kobeissi Letter (@KobeissiLetter) September 27, 2023

…Furthermore, oil prices are now 35% ABOVE where the US wanted to refill the Strategic Petroleum Reserves (SPR).

Inventories in US reserves remain at their lowest levels since 1983.

If the US attempts to refill reserves now, we will see oil prices skyrocket.

What does the US do now as gas prices soar?

What does the U.S. do?

I don’t know about the country, but POTATUS will keep draining the SPR to the last drop and blaming Trump, while continuing his vendetta against our own domestic oil and natural gas reserves.

And remember as you read – these constant administrative maneuverings in order to strangle utilizing our own resources can only “anger REPUBLICANS.” They have no effect on the American public at large, who also have no opinion on any of it…apparently.

In an aggressive move that angered Republicans, the Biden administration canceled the seven remaining oil and gas leases in Alaska’s Arctic National Wildlife Refuge on Wednesday, overturning sales held in the Trump administration’s waning days, and proposed stronger protections against development on vast swaths of the National Petroleum Reserve-Alaska.

The Department of Interior’s scrapping of the leases comes after the Biden administration disappointed environmental groups earlier this year by approving the Willow oil project in the petroleum reserve, a massive project by ConocoPhillips Alaska that could produce up to 180,000 barrels of oil a day on Alaska’s petroleum-rich North Slope. Protections are proposed for more than 20,000 square miles (51,800 square kilometers) of land in the reserve in the western Arctic.

Of course, the climate cult grifters in the administration only make their moves after checking with their equally as corrupt storm troops on the ground. Oddly enough, for people who mouth the words “transparency” almost as often as they screech “existential crisis for democracy,” it’s amazing how few of these decisions and “consultations” happen in the cleansing light of day. Particularly as they are supposedly in the best interest of those of us inhabiting the planet. At least in the best interests of the planet.

I firmly believe a good number of these lunatics do not exist in the same mortal plane we do, so that might be a reason these arrangements in our name and Gaia’s are all agreed to under cover of darkness.

There’s also the possibility they are nefarious control schemes.

Then again, very well could be both.

The Biden administration’s recently-announced plan to establish the largest-ever conservation zone was developed in collaboration with left-wing eco groups, according to Montana’s attorney general.

In a letter to U.S. Fish and Wildlife Service (FWS) Director Martha Williams, Montana Attorney General Austin Knudsen said he would vehemently oppose her agency’s plan to lock up nearly 5.8 million acres in his state and expressed concern that the plan was formulated with left-wing activist groups. The FWS announced the so-called Missouri Headwaters Conservation Area proposal Wednesday.

“Spanning five counties across southwestern Montana, this would be the largest conservation area ever proposed in America,” Knudsen wrote to Williams. “The Kafkaesque scheme of environmental laws and regulations in this country already provides a nearly insurmountable obstacle to the energy, mining, and agriculture industries.”

“And this designation would be another tool wielded and abused by well-funded environmental groups to oppose all permits for responsible development on state and private land,” he continued. “Most troubling, however, is how this project has come to fruition: behind closed doors and hidden from public scrutiny.”

It’s almost as if the climate cultists have this agenda they’re determined to jam through, come Hell or high water. They are fanatically willing to hammer every segment of society to get there, especially while they have the power to do so.

Hmmmm. In seven years. No cars or trucks in cities. No delivery vans, no food trucks. No Ubers nor Taxis. Public works and public safety vehicles. Unless electric.

Good luck w that Blue City folks… https://t.co/x9GGI4XUnN

— US Oil & Gas Association (@US_OGA) September 27, 2023

AS IF “PUBLIC SUPPORT” EVER MEANT A THING TO A GREEN FACIST

‘Tis to laugh.

Net Zero in a nutshell: Most European and American car manufacturers are unlikely to survive the ban of conventional cars pic.twitter.com/7VbEIr9N7v

— Net Zero Watch (@NetZeroWatch) September 27, 2023

You see the cynicism in POTATUS yesterday telling the striking UAW workers, “SURE” about their 40% wage hike demands? There won’t be auto companies when he’s through with them.

So what’s a couple billion more bucks hastening their demise?

And they slobber all over him like he’s the Golden Boy.

The NetZero fascists of the WEF and Davos – alongside with their firm adherents in the While House – want to collapse energy demand.

Revealing their true goal of control of mankind.

— Highheat (@2020Upstream) September 26, 2023

They’ll do it through orchestrated shortages, insanely high manipulated pricing, and mandated obsolescence of your preferred mode of transportation and home heating.

US Shale Giant Agrees With JPMorgan: Oil Headed For $150

Slowly but surely, the market is waking up to a jarring realization: the price of oil is now higher than where it was a year ago, and also where it was right before the start of the Ukraine war, but in the meantime the Biden administration has drained 240 million barrels of oil in pursuit of short-term popularity gains. Alas, those gains are now all gone, as are the oil price declines, but the SPR is down to half of where it was at its peak.

…While there was much more in the full note (read here), the bank’s thesis could be summarized in a simple price target: $150 oil. But the largest US bank is not the only one expecting oil to soar by more than 50% from its current price.

Continental Resources, the shale driller controlled by billionaire Harold Hamm, agrees that oil is headed as high as $150 a barrel unless the US government does more to encourage exploration,

Crude output in the Permian Basin will one day peak as it already has in rival shale regions such as the Bakken region of North Dakota and the Eagle Ford in Texas, Continental Chief Executive Officer Doug Lawler said during an interview with Bloomberg TV. Without new production, “you’re going to see $120 to $150” oil, he said.

“That’s going to send a shock through the system,” he said. Without policies encouraging new drilling, “you’re going to see more pressure on price.”

There won’t be any U.S. drilling renaissance with Biden-ites in the White House or any Democrat that would follow him.

We are well on our way to $5+ gal gas, shivering in the gloaming, and 15 minute cities because we simply can’t afford anything else.

It’s all about the bugs, baby.

Don’t ever think it isn’t.