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re: This feels like a race to the ceiling re:gas prices.
Posted on 3/5/22 at 10:42 pm to kywildcatfanone
Posted on 3/5/22 at 10:42 pm to kywildcatfanone
quote:
If we are lucky, at least we will have a different congress to deal with in the new year.
Won’t make a bit of difference if RINOs are elected in their place.
0
Posted on 3/5/22 at 10:47 pm to Evolved Simian
quote:
We are 1.5 MILLION barrels per day below peak production under Trump.
We are above the average daily production we had during trump's term. We are drilling more now than we were for MOST of Trump's term.
quote:
And we bought 7x as much oil from Russia last month as we did the las month that Trump was in office.
And now that has pretty much halted. Contracts that were already in place are being fulfilled but new buys of russian oil have all but evaporated for US refiners.
Posted on 3/5/22 at 10:54 pm to TutHillTiger
quote:
And not one mfering gallon of gas you buy over the next two weeks cost one cent more to make etc.
A poster here owns a few gas stations and said the opposite. That he was taking a loss
Posted on 3/5/22 at 10:56 pm to JohnnyKilroy
quote:
The US just held one of the biggest lease sales in history late last year
You mean the one that Biden's DC court invalidated??
quote:
more lease sales are on the way early this year.
You mean the ones that the Interior Department put on indefinite hold two weeks ago??
Posted on 3/5/22 at 10:56 pm to JohnnyKilroy
quote:
We are above the average daily production we had during trump's term. We are drilling more now than we were for MOST of Trump's term
Doesn't matter. That stuff is already accounted for.
It's the future market uncertainty from Biden's actions that have us over the barrel.
Posted on 3/5/22 at 11:05 pm to tgrgrd00
quote:
Doesn't matter. That stuff is already accounted for.
Posted on 3/5/22 at 11:06 pm to JohnnyKilroy
quote:
We are above the average daily production we had during trump's term. We are drilling more now than we were for MOST of Trump's term.
This is laughable. Oil production under Trump increased 40% pre-pandemic.
No matter how you try to spin it, the US is FAR behind production on the date the pandemic started, despite demand being higher today. This is an abject and utter failure on the part of the current administration.
Posted on 3/5/22 at 11:09 pm to Evolved Simian
quote:
This is laughable.
You may think it's laughable but it's true. We are producing more oil per day now than we were for 30 of Trump's 48 months as president. We went over this in a recent thread where graphs and numbers were posted.
Posted on 3/5/22 at 11:24 pm to JohnnyKilroy
quote:
You may think it's laughable but it's true. We are producing more oil per day now than we were for 30 of Trump's 48 months as president. We went over this in a recent thread where graphs and numbers were posted.
You post stupid laughing emojis and ignore the many posts telling you that it's not the current production that is the issue. That is normal and expected in the market.
It's the future of the market that is the problem and it looks terrible under Biden admin.
Posted on 3/5/22 at 11:29 pm to tgrgrd00
quote:
Doesn't matter. That stuff is already accounted for.
It's the future market uncertainty from Biden's actions that have us over the barrel.
I know you want to be able to pin it all on Biden, but whatever perceived supply risk exists in the global crude oil market due to regulatory uncertainty in the US is FAR outweighed by 1) the perceived inability of OPEC to ramp up production and 2) the risk of embargoes against Russian oil causing a global supply disruption.
Yes, regulatory uncertainty makes a difference. But not a big enough difference to drive the global price of oil up 50% in the span of a month.
The biggest factor right now is that OPEC looks like they don’t actually have any spare capacity, given their recent decision not to increase production quotas.
I really don’t know why I’m even trying anymore..
Posted on 3/5/22 at 11:30 pm to JohnnyKilroy
quote:
You may think it's laughable but it's true. We are producing more oil per day now than we were for 30 of Trump's 48 months as president. We went over this in a recent thread where graphs and numbers were posted.
And still not remotely close to the pre pandemic peak. And not remotely close to demand. Cherry picking some pandemic data doesn't change the truth.
You can pretend the administration hasn't tried to choke oil production, but you're lying to yourself.
Trump sought energy independence as a national security strategy. Biden outsourced oil production so he could pretend that foreign oil doesn't count in environmental matters.
Posted on 3/5/22 at 11:33 pm to Evolved Simian
quote:
And still not remotely close to the pre pandemic peak. And not remotely close to demand. Cherry picking some pandemic data doesn't change the truth.
You are referencing an 18 months period in time. I'm referencing a 30 months period. If anything it is you who is cherry picking.
Posted on 3/5/22 at 11:46 pm to lostinbr
quote:
I know you want to be able to pin it all on Biden, but whatever perceived supply risk exists in the global crude oil market due to regulatory uncertainty in the US
Not true. I have said several times that Biden's shitty policy and rhetoric is a factor. You are assuming and putting words in my mouth.
Just like, for example, I would say Biden is easily the worst president in my lifetime and his O&G policy is simply one factor in the overall picture of his terrible terrible leadership.
Posted on 3/6/22 at 7:29 am to JohnnyKilroy
quote:
You are referencing an 18 months period in time. I'm referencing a 30 months period. If anything it is you who is cherry picking.
Imagine if the US President told you there would be food shortages in a year, and he followed by saying he wasn’t going to allow farmers to expand. Wouldn’t the price of food go up immediately? Yet, there isn’t a shortage currently. I think that’s what everyone is arguing.
Posted on 3/6/22 at 7:36 am to fightin tigers
I think the ceiling in South LA will be 4.50-5.00. We are nearly at the panic stage. I went to Costco on Thursday, and the line was so long, you'd think we had a hurricane in the Gulf.
Saddle up. Ride a bike, you'll be able to do it safely very soon.
Saddle up. Ride a bike, you'll be able to do it safely very soon.
Posted on 3/6/22 at 7:37 am to gsvar2004
I hope every human who voted for Biden is struggling everyday. It brings joy to me now.
Posted on 3/6/22 at 7:40 am to kywildcatfanone
quote:
The people who voted for what we have now aren't buying much gas already.
Dead people don't buy gas.
Posted on 3/6/22 at 7:56 am to latxwoman
Gas in Baton Rouge jumped about 20-25 cents last night.
Posted on 3/6/22 at 8:06 am to latxwoman
quote:
The people who voted for what we have now aren't buying much gas already.
How are living in their homes and driving?
Them liberal cucks are using Uber at a crazy rate
This post was edited on 3/6/22 at 8:07 am
Posted on 3/6/22 at 8:31 am to latxwoman
quote:
. I went to Costco on Thursday, and the line was so long, you'd think we had a hurricane in the Gulf.
Same way at sams.
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