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Message
re: Biden caused this Fuel Crisis. Period.
Posted on 3/8/22 at 3:20 pm to OceanMan
Posted on 3/8/22 at 3:20 pm to OceanMan
quote:
Not tell the world that he was planning on crushing an already struggling industry. Encourage investment.
Encourage investment from who? Banks? Private Equity? They all lost their arse lending to oil and gas companies for the last 7+ years.
This post was edited on 3/8/22 at 3:21 pm
3
Posted on 3/8/22 at 3:22 pm to Vacherie Saint
quote:
You are starting with a logical fallacy. Production is FAR from the only component of pricing.
Price is a result of supply and demand. That is a logical fallacy? Why did oil go negative April 2020? Was it because we had too much oil (supply) and not enough demand?
Current forward strip
This post was edited on 3/8/22 at 3:28 pm
Posted on 3/8/22 at 3:23 pm to Chazreinhold
Weakening the US and making the US more vulnerable is part of the plan
Posted on 3/8/22 at 3:29 pm to OceanMan
quote:
Again - he said he wanted the industry shut down in the US
Yep here is the Debate, start at 40 sec mark.
After Donnie asks if he would close down the Oil Industry Tater says he would "Transition" from it.
The Moderator seemed surprised at the answer and asked why would you do that Tater?
Joes reply was cause it Pollutes
YT
This post was edited on 3/8/22 at 3:30 pm
Posted on 3/8/22 at 3:29 pm to hubertcumberdale
The industry, itself. When one of your first acts as POTUS is an all out ban on Gulf drilling, you arent going to get aggressive investment in leasing and exploration, especially when permitting and regulatory goes through the feds. Wells dry up and are decommissioned everyday. Continued investment is required to grow production. Mere inaction means production will shrink.
The shale boom was already happening by the time he was elected and attempted to kill it.
Dont play stupid.
The shale boom was already happening by the time he was elected and attempted to kill it.
Dont play stupid.
Posted on 3/8/22 at 3:32 pm to Chazreinhold
TRUMP plans would have prevented ALL OF THIS!!!!
Posted on 3/8/22 at 3:32 pm to Chazreinhold
LINK
Let's not forget the pandemic shuttered domestic oil and gas production not Biden. His rehtoric doesn't help at all but this is a complicated issue that people are making out to be way to easy. The industry as a whole limited its production in 2021 due to the pandemic and had plans to ramp up production in 2022 due to end of the pandemic, then we have supply chain issue effecting production equipment and other resources, add the Russia factor and we have a giant mess on our hands.
Let's not forget the pandemic shuttered domestic oil and gas production not Biden. His rehtoric doesn't help at all but this is a complicated issue that people are making out to be way to easy. The industry as a whole limited its production in 2021 due to the pandemic and had plans to ramp up production in 2022 due to end of the pandemic, then we have supply chain issue effecting production equipment and other resources, add the Russia factor and we have a giant mess on our hands.
Posted on 3/8/22 at 3:34 pm to Vacherie Saint
quote:
The industry, itself. When one of your first acts as POTUS is an all out ban on Gulf drilling, you arent going to get aggressive investment in leasing and exploration, especially when permitting and regulatory goes through the feds. Wells dry up and are decommissioned everyday. Continued investment is required to grow production. Mere inaction means production will shrink.
The shale boom was already happening by the time he was elected and attempted to kill it.
Dont play stupid.
Thats your opinion and thats fine, but under Trump at the start of the pandemic, oil went negative, the first time in history. I am not sure what Trump would physically have been able to do had he been re-elected to not have this disruption in equilibrium between oil supply and demand coming out of a pandemic and 7+ year long oil market crash.
Posted on 3/8/22 at 3:35 pm to hubertcumberdale
quote:
Price is a result of supply and demand. That is a logical fallacy? Why did oil go negative April 2020? Was it because we had too much oil (supply) and not enough demand?
Yes, it is. Supply could come from domestic production, imports, resource shifting to alternatives like coal and gas, or renewables. There are about a million other variables that affect pricing on top of that. Take the housing boom as an example. But you know this already. Its sad that you have to pretend to be stupid in order to defend the turnip you voted for.
Posted on 3/8/22 at 3:36 pm to hubertcumberdale
no one wants to talk about that. After the 2008 crisis the bottom lines of banks became an issue. In 2014 alot of banks were holding massive Oil and Gas debt and it was hurting them. They posistioned away from this to avoid another potential bailout if the industry crashed again. I see talk on this board that this was an Obama mandaite to wall street. No this a smart move by Banks to limit their positions in an industry that was having massive issue at the time.
Posted on 3/8/22 at 3:36 pm to Vacherie Saint
quote:
Supply could come from domestic production, imports, resource shifting to alternatives like coal and gas, or renewables.
This isnt able to change overnight, as you know
Posted on 3/8/22 at 3:41 pm to FredBear
quote:
I know truth and people like you don't mix but anyway.....
Average gas prices in July 2019, well before Covid and during the high demand season- Just below 2.50
Average gas prices now- Over 4.00
President in 2019- Trump
President now- Biden
Here's some more "truth":
Average gas price in 1978 - $0.63
Average gas price in 1981 - $1.31
That's a whopping 208% increase.
President in 1978 - Carter
President in 1981 - Reagan
quote:
That's not a coincidence but I'm sure you're going to spew some more lies.
I'll stick with the truth myself
Posted on 3/8/22 at 3:43 pm to hubertcumberdale
quote:
I am not sure what Trump would physically have been able to do had he been re-elected to not have this disruption in equilibrium between oil supply and demand coming out of a pandemic and 7+ year long oil market crash.
He wouldnt have killed Keystone XL, or entered toothless climate agreements, or suspended leases and permits. He made policy commitments to expand leasing on public lands and deregulate. He maxed out the SPR and promised federal aid to the O&G industry on the precipice of the lockdowns. Meanwhile Biden promised to roll back all of Trump's deregulation measures and invest another 2 TRILLION in green energy initiatives.
That impacts markets which impact pricing no matter how much you stomp your Doc Martens against mom's basement floor.
Posted on 3/8/22 at 3:45 pm to hubertcumberdale
quote:
This isnt able to change overnight, as you know
How many times do you need to be told that domestic production, much less global production isnt the only factor affecting retail fuel prices?
Just say you wont listen and we can stop wasting each others' time.
Posted on 3/8/22 at 3:46 pm to hubertcumberdale
quote:
The world was not coming out of SCAMdemic in 2019.
FIFY
Posted on 3/8/22 at 3:46 pm to Vacherie Saint
quote:
He wouldnt have killed Keystone XL, or entered toothless climate agreements, or suspended leases and permits. He made policy commitments to expand leasing on public lands and deregulate. He maxed out the SPR and promised federal aid to the O&G industry on the precipice of the lockdowns. Meanwhile Biden promised to roll back all of Trump's deregulation measures and invest another 2 TRILLION in green energy initiatives.
That impacts markets which impact pricing no matter how much you stomp your Doc Martens against mom's basement floor.
Curiously, Trump also increased oil imports from Russia over the course of his administration.
Posted on 3/8/22 at 3:48 pm to Vacherie Saint
quote:
He wouldnt have killed Keystone XL, or entered toothless climate agreements, or suspended leases and permits. He made policy commitments to expand leasing on public lands and deregulate. He maxed out the SPR and promised federal aid to the O&G industry on the precipice of the lockdowns. Meanwhile Biden promised to roll back all of Trump's deregulation measures and invest another 2 TRILLION in green energy initiatives.
Keystone would not be finished yet. The US has an enormous DUC inventory where we have 4500 wells already drilled waiting to be completed. US oil production would be similar today regardless of whether Biden or Trump is president.
Posted on 3/8/22 at 3:51 pm to WildTchoupitoulas
quote:
Curiously, Trump also increased oil imports from Russia over the course of his administration.
Why is that curious? Dems were all about normalizing relations with Putin until they needed to use him as a political sledgehammer against Trump. Obama bought more oil from Putin than any president in history.
Posted on 3/8/22 at 3:53 pm to hubertcumberdale
Im just going to post this quote until you pull your head out of Joe's arse.
quote:
How many times do you need to be told that domestic production, much less global production isnt the only factor affecting retail fuel prices?
Just say you wont listen and we can stop wasting each others' time.
Posted on 3/8/22 at 3:54 pm to Vacherie Saint
quote:
How many times do you need to be told that domestic production, much less global production isnt the only factor affecting retail fuel prices?
Do you want me to run a linear regression of US crude oil supply and demand on WTI spot prices for you?
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