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Started By
Message
Gas prices
Posted on 11/6/24 at 12:52 pm
Posted on 11/6/24 at 12:52 pm
How long do you think it will take for those to come back down to pre Biden prices?
7
Posted on 11/6/24 at 12:52 pm to Bronson2017
Mr wonderful acted like it would be soon
This post was edited on 11/6/24 at 12:53 pm
Posted on 11/6/24 at 12:53 pm to Bronson2017
Not till trump enacts his plans i would guess. Gas prices are tied into a lot of national and geopolitical issues.
Posted on 11/6/24 at 12:58 pm to Bronson2017
And he will need to refill the SPR the leftists drained for votes. On top of all the political dynamics he can use the refill to keep prices from collapsing.
More permits will be issued and with chevron decision that helps cut red tape.
Worst thing US oil could do flood market. But they need to get back to drilling as the lead times are not short. Its like a ship in water, you have turn way before you need to.
More permits will be issued and with chevron decision that helps cut red tape.
Worst thing US oil could do flood market. But they need to get back to drilling as the lead times are not short. Its like a ship in water, you have turn way before you need to.
Posted on 11/6/24 at 12:59 pm to 1999
Gas went up 15 cents from Monday to Tuesday by me. I will take it for the Trump victory.
Posted on 11/6/24 at 1:04 pm to 1999
Glad to see you call him what he is
Posted on 11/6/24 at 1:09 pm to Bronson2017
quote:
How long do you think it will take for those to come back down to pre Biden prices?
It will depend on how long it will take to start drilling.. as soon as that happens, prices will drop like crazy.. perhaps he can subsidize it before then knowing what is coming..
That will lower gas prices.
That will result in lower food prices.
That will result in lower everything.
Some of that drilling money will fully fund Social Security.
If they do it right, and I believe they will, it will be an incredible boom for the economy and everyone in this country.
Posted on 11/6/24 at 1:27 pm to BigBro
^^^
Have to be careful. If the Sauds think we drive prices too low they might increase sales to kill off smaller and even mid size oil companies. In their view less companies is better so they can manipulate prices when they want
Have to be careful. If the Sauds think we drive prices too low they might increase sales to kill off smaller and even mid size oil companies. In their view less companies is better so they can manipulate prices when they want
Posted on 11/6/24 at 1:30 pm to Bronson2017
We need to incentivize drilling ASAP
Posted on 11/6/24 at 1:31 pm to OU Guy
I think it'll be quick.
Once companies have confidence they'll be able to explore and pump and not play defense and turtle they'll ramp up.
Once companies have confidence they'll be able to explore and pump and not play defense and turtle they'll ramp up.
Posted on 11/6/24 at 1:34 pm to Bronson2017
Well he won't take office for another 2 1/2 months so there's that.
Posted on 11/6/24 at 2:05 pm to Tigers4Lyfe
quote:
Well he won't take office for another 2 1/2 months so there's that.
Well no shite Sherlock? Obviously I’m talking about once he gets in office.
Posted on 11/6/24 at 2:06 pm to Major Dutch Schaefer
Gas is down to 2.35 where I am.
Posted on 11/6/24 at 2:09 pm to Bronson2017
It’s 3.08 $ here
Posted on 11/6/24 at 2:13 pm to Tigers4Lyfe
World is oversupplied right now so prices will come down before anything is Trump related.
Problem with our oil industry and they will overproduce and that floods market and kills prices. We go thru these cycles again and again. Gotta please stockholders this quarter - said every quarter. If they could learn restraint they could keep prices more profitable yet have spare to unleash too
Problem with our oil industry and they will overproduce and that floods market and kills prices. We go thru these cycles again and again. Gotta please stockholders this quarter - said every quarter. If they could learn restraint they could keep prices more profitable yet have spare to unleash too
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