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Started By
Message
re: Trump really said we're seeing "5, 6, 7 and even 8 dollars a gallon" for gas prices
Posted on 12/14/23 at 3:14 pm to LSUAlum2001
Posted on 12/14/23 at 3:14 pm to LSUAlum2001
quote:
Today's oil price is just below the highest point of Trump's Presidency (July 2018 and Oct 2018). For the most part it's been significantly higher than the PPB average under Trump during Biden's entire Presidency.
Care to explain why you think that is?
0
Posted on 12/14/23 at 3:17 pm to Powerman
quote:
We have refineries and are a net exporter.
I didnt know that. my bad. I thought we were an exporter or crude and importer of petroleum.
quote:
Some refineries aren't profitable and chose to close their operations. That happens irrespective of who the president is.
Yeah I get that some refineries, epspecially S LA, deal with things like hurricanes and shite like that. But that doesnt make the statement true that Presidents have no impact whatsoever on the refining industry as a whole.
quote:
You do realize that EV mandates would lower gas prices right?
Yes, by saying that you can ONLY sell EVs by the year 2035, I can only imagine gas being worthless at that time.
quote:
Except that's not an issue to really be concerned with and not one that has much at all to do with the executive branch.
This question would be mute if we are in fact a net importer of petroleum (that you answered above).
I cant help but think that if you put regulations on half of a certain industry, how that wouldnt effect cost and how it wouldn't be the DC Lesligation's fault is beyond me.
Posted on 12/14/23 at 3:19 pm to Powerman
quote:
Only morons think that the president controls gas prices
The president doesn’t have a dial on his desk. However they can very well set favorable or unfavorable conditions in policy in the DOE. Completely undeniable. Correct?? Now that’s established.. what policy has this president favored? More or less crude oil production? Be honest.
Same as “The president doesn’t build cars” when talking about these problem plaguing vehicles with unnecessarily complex engine components for emissions purposes. But what made the auto manufacturers start putting that stuff on? The customer? Who loves their engines coming apart prior to 50,000 miles for 2 more MPG? Nope. It’s the EPA. And who does the EPA answer to?? Be honest.
The president doesn’t control insurance prices either. Correct? What happened after regulations changed after Obamacare? Be honest.
The president doesn’t control people walking over the border either does he? But he can promote policy that encourages it. Correct? What has happened with the favorable illegal alien policy? Be honest.
So you can now stop using your programmed message now.
Posted on 12/14/23 at 3:20 pm to PaperTiger
quote:
Yeah I get that some refineries, epspecially S LA, deal with things like hurricanes and shite like that. But that doesnt make the statement true that Presidents have no impact whatsoever on the refining industry as a whole.
Refineries that were not a part of a big O&G/Chemical Complex were being closed because they relied heavily on the price of crude. Motiva in Convent, LA was shuttered a few years ago for that reason.
This post was edited on 12/14/23 at 4:16 pm
Posted on 12/14/23 at 3:20 pm to PaperTiger
quote:
I cant help but think that if you put regulations on half of a certain industry, how that wouldnt effect cost and how it wouldn't be the DC Lesligation's fault is beyond me.
Every industry has regulations to deal with and for good reason. When you're dealing with highly combustible hydrocarbons in mass amounts you don't want it to not be regulated that's for sure.
Posted on 12/14/23 at 3:21 pm to CleverUserName
quote:
Now that’s established.. what policy has this president favored? More or less crude oil production? Be honest.
Based on results? Unequivocally more crude oil production. We are producing more than ever.
Posted on 12/14/23 at 3:22 pm to CleverUserName
quote:
The president doesn’t have a dial on his desk. However they can very well set favorable or unfavorable conditions in policy in the DOE. Completely undeniable. Correct?? Now that’s established.. what policy has this president favored? More or less crude oil production? Be honest.
What has been the outcome? Obviously he isn't doing a very good job if hindering production if that is his goal.
Posted on 12/14/23 at 3:23 pm to BilbeauTBaggins
Man i had to choose between playing football and lacrosse.
Posted on 12/14/23 at 3:26 pm to Powerman
quote:
Only morons think that the president controls gas prices
Only morons pivot their arguments from "no effect" to "doesn't control" when busted on their stupidity and thinks people don't notice....
If you think the words and actions of the President don't have an effect on World Markets and investments, you a drooling imbecile....
Posted on 12/14/23 at 3:27 pm to JohnnyKilroy
quote:
Unequivocally more crude oil production. We are producing more than ever.
Which means that all these claims that Biden is clamping down on production are completely overstated. If leases aren't renewed that people aren't using what is there really to complain about?
We have record production and people are still flailing their arms like oil and gas is operating with a hand behind their back. It's the pinnacle of stupidity and shows that all of the bitching has nothing to do with the real world. Just a bunch of low IQ and low information snowflakes looking to whine.
Posted on 12/14/23 at 3:27 pm to oogabooga68
That's powerdouche for you
Posted on 12/14/23 at 3:27 pm to Powerman
quote:
Obviously he isn't doing a very good job if hindering production if that is his goal
Its not the oil industries fault that Biden isnt doing a good...at basically anything
Posted on 12/14/23 at 3:28 pm to JohnnyKilroy
quote:
Based on results? Unequivocally more crude oil production. We are producing more than ever.
No. Not based on results. His ACTUAL stated policy.
I mean he has failed at it, per your example. But what else is new?
Posted on 12/14/23 at 3:28 pm to PaperTiger
quote:
Its not the oil industries fault that Biden isnt doing a good...at basically anything
Or maybe the intent never was to squash production.
Posted on 12/14/23 at 3:29 pm to Powerman
quote:
Just a bunch of low IQ and low information snowflakes looking to whine.
Typical liberal projection. You post this in a thread where you had a complete meltdown because trump said there are prices from 5-8 dollars. A true statement.
Posted on 12/14/23 at 3:29 pm to CleverUserName
quote:
The president doesn’t have a dial on his desk. However they can very well set favorable or unfavorable conditions in policy in the DOE. Completely undeniable. Correct??
No, this fking moron was arguing that the words and actions of the leader of the free world have ZERO impact on Markets...until of course I slapped the stupidity out of his mouth, THEN he pivoted to the word "control"....
You are arguing with a disingenuous moron who will pretend he didn't say what he just said when pressed on it....
Posted on 12/14/23 at 3:30 pm to Jbird
quote:
That's powerdouche for you
I think "LittleMan" is more fitting...
Posted on 12/14/23 at 3:31 pm to Powerman
quote:
What has been the outcome? Obviously he isn't doing a very good job if hindering production if that is his goal.
quote:
In response, drilling rates have fallen with an average of just 501 rigs drilling for oil in October 2023 down from 623 in December 2022.
But production has continued to increase partly because of the delays in the system – it takes on average about 12 months for a change in prices to filter through into a change in output.
Its funny seeing you guys come out in support of this guy. We all knew you were biden supporters from the jump.
quote:
Increased efficiency has kept U.S. production on an upward trend even as Saudi Arabia and its allies in OPEC+ have trimmed their own output to support prices.
So our companies are drilling less but being more efficient. Nothing Biden is doing.
We could be producing even more.
Gas is one of those things that always experience lag when it comes to supply and demand. It takes a while for us to adjust because its not easy to just change vehicles or lessen your driving. But when gas prices are high, people slowly adjust to more fuel-efficient vehicles and driving less.
If gas prices jump tomorrow, I cant just say, im not going to work today. I will pay the high price.
This post was edited on 12/14/23 at 3:33 pm
Posted on 12/14/23 at 3:31 pm to CleverUserName
quote:
No. Not based on results. His ACTUAL stated policy
I care about facts, not feelings.
The fact is that O&G is absolutely crushing right now and has been for the past several years.
Posted on 12/14/23 at 3:32 pm to Powerman
quote:
Or maybe the intent never was to squash production.
What do you mean? He literally campaigned on it.
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