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re: This feels like a race to the ceiling re:gas prices.
Posted on 3/5/22 at 8:48 pm to tgrgrd00
Posted on 3/5/22 at 8:48 pm to tgrgrd00
It’s good that you don’t care.
Because your aggressively ignorant comments have caused you to have your arse handed to you.
And, BTW, production is near record levels exceeded only by abt. Six mos. Of production during Trump, before prices famously dropped below zero under him. Prices were actually negative for a short time under Trump.
Because your aggressively ignorant comments have caused you to have your arse handed to you.
And, BTW, production is near record levels exceeded only by abt. Six mos. Of production during Trump, before prices famously dropped below zero under him. Prices were actually negative for a short time under Trump.
Posted on 3/5/22 at 8:59 pm to nitwit
quote:
Because your aggressively ignorant comments have caused you to have your arse handed to you.
I don't understand how me saying the president has an impact on gas prices is aggressively ignorant.
Nobody has proven this stance to be false if I'm honest. I was told some OG baws said no. Which frankly doesn't prove a thing.
quote:
And, BTW, production is near record levels exceeded only by abt. Six mos. Of production during Trump, before prices famously dropped below zero under him. Prices were actually negative for a short time under Trump.
This isn't the only factor in the price of gas. And frankly doesn't prove at all that the president doesn't have any control over pricing.
Is it that people think I'm saying the president solely controls prices? Because that would be absurd. But the pres absolutely has an impact.
Posted on 3/5/22 at 9:05 pm to tgrgrd00
quote:
Just because they work in OG doesn't mean they understand supply side econ.
What the frick are your qualifications? I’m sure working in the oil & gas industry with intimate knowledge of how the supply chain works as well as how investment decisions get approved doesn’t mean shite, compared to the amount of knowledge you’ve gleaned from simply thinking the opposite of whatever you see on CNN.
quote:
And the argument by the OG baws is identical to the leftist talking points. I can't help it if they side with the left in that argument. Not my problem.
You’re right. That’s not your problem. Your problem is that you completely dismiss every valid point that the knowledgeable folks make on the subject, because you’ve supposedly heard it in CNN at some point. You are completely ignorant about the subject, but you think you know everything because surely nothing can be true if a news outlet you don’t like has ever agreed with it.
quote:
I stand by the statement that the pres DOES have an impact on gas prices. Whether directly or simply through rhetoric.
Cool. Nobody disagrees with that. They’re just telling you it’s not a very big impact - because it’s not. I literally gave you a fricking essay in the other thread to try and educate you but you’re too fricking blinded by politics to see through your own bullshite. Newsflash: You don’t have to think Joe Biden is a good president to acknowledge the realities of the oil & gas market. It doesn’t even have to mean you support his policies on oil & gas. I know it’s hard to believe, but it’s true.
It just blows my mind that you’re still doubling down on this idiocy. Oil & gas baws aren’t telling you this because they’re “leftists.” They’re telling you this because it’s the fricking reality of how things work.
ETA:
quote:
I don't understand how me saying the president has an impact on gas prices is aggressively ignorant.
Let me point you back to what started all of this in the other thread:
quote:
You people will come up with any kind of bullshite to defend shitty domestic policy by a shitty administration you elected. It's perverted.
Says Joe Biden “just announced on CNN he will completely shut down drilling for oil and natural gas on day one of his administration.”
But nah, the president has little impact.
frick you a-hole.
Yes, aggressively ignorant is pretty accurate.
This post was edited on 3/5/22 at 9:07 pm
Posted on 3/5/22 at 9:10 pm to gsvar2004
I don’t know but what I do know it has increased .10 every day. Now up to 3.89 in Hammond
Posted on 3/5/22 at 9:16 pm to Miketheseventh
JP Morgan keeps saying 6 a gallon unless the Russia export ban goes into effect then it will go higher.
Posted on 3/5/22 at 9:22 pm to lostinbr
I mean I still don't understand what the issue with my statement is after all of that.
Do I think the president completely controls and sets the gas prices? frick no that would be fricking absurd.
Do I think shitty policy and rhetoric by the president can make prices go up some? Absolutely
If people interpreted my posts to mean that the president has complete control over pricing then that was incorrect.
Otherwise I think we agree.
Do I think the president completely controls and sets the gas prices? frick no that would be fricking absurd.
Do I think shitty policy and rhetoric by the president can make prices go up some? Absolutely
If people interpreted my posts to mean that the president has complete control over pricing then that was incorrect.
Otherwise I think we agree.
Posted on 3/5/22 at 9:28 pm to MrLSU
quote:
JP Morgan keeps saying 6 a gallon unless the Russia export ban goes into effect then it will go higher.
If we were energy independent like we used to be, we wouldn’t be in this mess. I guess it’s okay for “climate change” if someone else is doing the drilling.
This post was edited on 3/5/22 at 9:32 pm
Posted on 3/5/22 at 9:29 pm to sledgehammer
quote:
If we were energy dependent like we used to be, we wouldn’t be in this mess
Jesus H
Posted on 3/5/22 at 9:31 pm to sledgehammer
quote:
If we were energy dependent like we used to be, we wouldn’t be in this mess. I guess it’s okay for “climate change” if someone else is doing the drilling
For the liberal, they don't care about the supply side. They are happy with the price increases because their climate change strategy isn't centered on stopping US drilling as a focus. The focus is to crush you, the consumer, to their will. Cutting US supply is just a means to that end.
Posted on 3/5/22 at 9:33 pm to gsvar2004
It’s going to be fun to look back at these “zomg gas is $4.xx” threads when we are at $6 in the summer
Posted on 3/5/22 at 9:33 pm to sledgehammer
quote:
If we were energy independent like we used to be, we wouldn’t be in this mess. I guess it’s okay for “climate change” if someone else is doing the drilling.
We're drilling more now than when trump left office. More wells are coming online every day too.
Posted on 3/5/22 at 9:40 pm to TigerTatorTots
quote:
It’s going to be fun to look back at these “zomg gas is $4.xx” threads when we are at $6 in the summer
Sadly you’re probably right.
Posted on 3/5/22 at 9:45 pm to High C
quote:
Who says there’s a ceiling?
Watch Biden try to implement one, and things get REALLY bad.
Posted on 3/5/22 at 9:58 pm to gsvar2004
It’s remarkable how fast prices are going up. Some places around here (Birmingham area) have gone up roughly $0.50 to $0.60 (probably more in some places) in the last week/week and a half.
This post was edited on 3/5/22 at 9:59 pm
Posted on 3/5/22 at 10:25 pm to JohnnyKilroy
quote:
We're drilling more now than when trump left office. More wells are coming online every day too.
I keep seeing this talking point. While that is part of it, it doesn't explain the full picture and it meant to deflect from shite policy and rhetoric.
Biden threatening to stop federal leases and pipelines has as much impact as how much drilling is happening today.
The other key factor in determining oil prices is sentiment. The mere belief that oil demand will increase dramatically at some point in the future can result in a dramatic increase in oil prices in the present, as speculators and hedgers alike snap up oil futures contracts.
which means that prices can hinge on little more than market psychology
LINK
Posted on 3/5/22 at 10:27 pm to Tiger in Gatorland
quote:
$3.99 here today in Central Florida. Was $3.79 yesterday.
$3.99 here as well. Was $3.39 on Thursday morning. $3.19 a week ago.
Posted on 3/5/22 at 10:31 pm to tgrgrd00
quote:
Biden threatening to stop federal leases and pipelines has as much impact as how much drilling is happening today.
The US just held one of the biggest lease sales in history late last year and more lease sales are on the way early this year.
Posted on 3/5/22 at 10:32 pm to JohnnyKilroy
quote:
We're drilling more now than when trump left office. More wells are coming online every day too.
We are 1.5 MILLION barrels per day below peak production under Trump.
And we bought 7x as much oil from Russia last month as we did the las month that Trump was in office.
Posted on 3/5/22 at 10:40 pm to JohnnyKilroy
quote:
The US just held one of the biggest lease sales in history late last year and more lease sales are on the way early this year.
Ok so? That is expected and normal for the market.
When you have an uncertain future THAT is what will drive prices.
President Joe Biden shut down oil and gas lease sales from the nation’s vast public lands and waters in his first days in office
The administration postponed lease sales in the Gulf of Mexico and in Wyoming, Colorado, Montana and Utah. Biden earlier had suspended leasing in Alaska's Arctic National Wildlife Refuge.
A ban on new leases means drilling would fade out as existing ones expire. It would be a heavy blow for western and Gulf Coast states that heavily depend on oil and gas revenue to pay for schools, roads and other services.
LINK
This post was edited on 3/5/22 at 10:42 pm
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