re: U.S. Oil Production Growth’s Path Is Clear

I feel like this is appropriate for this discussion.

It was making fun of people who blame the opposing political rep for all their ills without realizing there might be circumstances outside of politics that play into things like price or shortages.

You can’t promote alternative energy agenda with gas prices at $2 and oil at $65. You can’t solar projects and wind projects approved with energy prices this low. The high the commodity price the higher the prices are at home and the promotion of alternative energy source is the savory.

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You can’t promote alternative energy agenda with gas prices at $2 and oil at $65.

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O&G has lost the fear of being replaced. The last year has proven they control the price at the pump. Like OPEC they can turn the spigot on and off.

Wait.

That's the best plan right now.

We have to wait until the board expert on drilling, production, and Petro economics, cwill, tells us what's about to happen.

Because the world was shut down for 6 months or so.

Tons of supply with little demand. Work from home, no work, etc....so much supply that financially sustaining fringe production was unreasonable.

FFW to the opposite, demand returned faster than anyone expected (including refiners who were burnt). So they have played catchup until the very recent past.

For the first time gas (some distillate) stocks finally made it back into the 5 year band, and then weather hit causing more supply issues.

The war opened arbitrage for a bit to Europe, however there are a lot more nuances that add to that price, and aren't political in nature.

Of course! I knew you would blame the lockdown. You ignore the fact that the avg price of gas during Trump’s term was still below Biden’s term even before the lockdown. You Biden loving puzzies/never-Trumpers can’t accept the fact that you voted for an idiot & therefore you’re an idiot. Name me 1 issue in our country which you think is better now?

“Red herrings” I don’t think you know the meaning of that term. Why don’t you quit throwing out excuses and tell me why, when you look at that chart posted on page 1 of this thread, there is an immediate tremendous spike as Biden gets selected. Hint - we were still in lockdown at the beginning of Biden’s term.

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We expected more lockdowns and didn't react to what was assumed to be a temporary return of demand.

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this is divorced from reality- no one thought return of demand was going to be temporary. most on here were saying the lockdowns were going to magically disappear after the selection. if anything the lockdowns persisted longer than expected in Democrat-controlled regions of the country and demand was slower to rise than expected.

you just refuse to accept that your choice of Biden is primarily responsible for the dramatic increase in gas prices during his term. you excuse him for the almost immediate spike in gas prices coinciding with Biden taking office. amazing how average gas price under Trump was less than Obama & Biden. you Dims must be in bed with the oil companies (remember that claim about the republicans) just like you guys love war (I guess the lockdown was the reason we had no new conflict under Trump as well)