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re: Gas has gone up almost 40 cents a gallon in the last few days

Posted on 5/7/22 at 2:05 pm to
Posted by FredBear
Georgia
Member since Aug 2017
15407 posts
Posted on 5/7/22 at 2:05 pm to
quote:

Gas has gone up almost 40 cents a gallon in the last few days



Bidens* America.


Congrats dems?
Posted by Bigdavewave
Member since Jul 2017
404 posts
Posted on 5/7/22 at 2:45 pm to
quote:

Wtf is going on now? Explain please


Oh btw, "frick you" Joe Biden


A bunch of people put all of their attention and energy towards worrying about a safe vaccine, while the country was going to hell in the background. Now people are starting to focus on the real problems at hand.
This post was edited on 5/7/22 at 2:46 pm
Posted by Klark Kent
Houston via BR
Member since Jan 2008
67137 posts
Posted on 5/7/22 at 2:52 pm to
I’m surprised a certain poster with a single letter username, like R. Hasn’t asked a stupid question to deflect away from the consequences he voted
for.

“Durr, people still pay attention to gas prices?”
Posted by SPEEDY
2005 Tiger Smack Poster of the Year
Member since Dec 2003
83872 posts
Posted on 5/7/22 at 2:59 pm to
Posted by Breauxsif
Member since May 2012
22291 posts
Posted on 5/7/22 at 3:37 pm to
A result of Progressives getting what they voted for.
Posted by Twenty 49
Shreveport
Member since Jun 2014
19152 posts
Posted on 5/7/22 at 6:51 pm to
Oil companies used to respond to oil price increase by borrowing a ton of money and drilling like crazy, which increased production and brought the prices down. Wall Street pointed out that this boom bust cycle was not good for the bottom line and share prices. Just keep it steady and sell less oil at higher prices and produce a predictable revenue stream.

There are a couple of old timers in TX who are true wildcatters with big companies that they have kept private. They gambled by buying up leases and cranking up drilling before this latest increase hit (remember when oil futures went negative just a short time ago; they pounced) and are now multi billionaires. Texas Monthly had a good article about them.
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