Jim in CT
03-06-2022, 07:28 PM
where does it stop.
View Full Version : $125/barrel and rising. Jim in CT 03-06-2022, 07:28 PM where does it stop. Raider Ronnie 03-06-2022, 10:04 PM I see a lot of fuel siphon hose kits being delivered by Amazon trucks. With todays technology of cordless drills, someone will come up with a fitting to drill into the bottom of fuel tanks that will self seal and allow to quickly attach a hose & high volume pump (most tanks are plastic now) Posted from my iPhone/Mobile device Pete F. 03-07-2022, 06:15 AM Gas prices are rising at their fastest pace ever and have topped $4 for the first time since 2008. Just a reminder that America gets 1% of its oil from Russia, while Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years. Posted from my iPhone/Mobile device Raider Ronnie 03-07-2022, 06:53 AM Gas prices are rising at their fastest pace ever and have topped $4 for the first time since 2008. Just a reminder that America gets 1% of its oil from Russia, while Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years. Posted from my iPhone/Mobile device What the #^&#^&#^&#^& do you expect when day 1 of your leaders administration he shuts down the pipeline, stops fracking, lays off thousands of workers that made us energy independent making us depend on importing from the rest of the world Posted from my iPhone/Mobile device Pete F. 03-07-2022, 07:12 AM Well, this is awkward,US oil production is higher under Biden than Trump. Also, under Trump, purchases of Russian oil INCREASED by 49%. Posted from my iPhone/Mobile device Jim in CT 03-07-2022, 07:22 AM Gas prices are rising at their fastest pace ever and have topped $4 for the first time since 2008. Just a reminder that America gets 1% of its oil from Russia, while Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years. Posted from my iPhone/Mobile device if those companies set prices ( and they don’t) why would they ever let oil dive to $35 a barrel. what were their profits in 2020 Pete? in the toilet, thats where. Posted from my iPhone/Mobile device Pete F. 03-07-2022, 07:26 AM if those companies set prices ( and they don’t) why would they ever let oil dive to $35 a barrel. what were their profits in 2020 Pete? in the toilet, thats where. Posted from my iPhone/Mobile device Seven years Posted from my iPhone/Mobile device Jim in CT 03-07-2022, 07:26 AM Well, this is awkward,US oil production is higher under Biden than Trump. Also, under Trump, purchases of Russian oil INCREASED by 49%. Posted from my iPhone/Mobile device well, i don’t know, and frankly don’t want to know, where the heck you get your facts from. according to cnbc, we’re producing a million barrels less a day, than we did in 2019. some of that is obviously lower demand because of covid. but it’s laughable to say that Biden is pro fossil fuels. he isn’t, he can’t be, the progressives wouldn’t have supported him in the primary if he was. https://www.google.com/amp/s/www.cnbc.com/amp/2021/12/30/us-oil-production-to-increase-further-in-2022-oil-expert-dan-yergin.html Posted from my iPhone/Mobile device Jim in CT 03-07-2022, 07:46 AM Seven years Posted from my iPhone/Mobile device i asked what their profits were in 2020. your answer is “7 years”? about right for you. those companies get crushed when oil is low, make it up when oil is high. that’s the cycle. makes it easy for those with an agenda to cherry pick. Posted from my iPhone/Mobile device wdmso 03-07-2022, 08:45 AM What the #^&#^&#^&#^& do you expect when day 1 of your leaders administration he shuts down the pipeline, stops fracking, lays off thousands of workers that made us energy independent making us depend on importing from the rest of the world Posted from my iPhone/Mobile device You mean a canadian pipeline that wasn't built even while your man crush was in offices, or that we imported the same amount of oil from Russia from under Trump... Facking is Natural gas not oil let's hear what you think energy independent is because Id bet you haven't a clue But you see a lot of fuel siphon hose kits being delivered by Amazon trucks.:rotflmao::rotflmao: let me guess xray vision Nebe 03-07-2022, 08:54 AM You mean a canadian pipeline that wasn't built even while your man crush was in offices, or that we imported the same amount of oil from Russia from under Trump... Facking is Natural gas not oil let's hear what you think energy independent is because Id bet you haven't a clue But you see a lot of fuel siphon hose kits being delivered by Amazon trucks.:rotflmao::rotflmao: let me guess xray vision Correct me if I am wrong but the keystone pipeline was built to deliver Canadian oil to ports in the Gulf for export only. (Probably china). Posted from my iPhone/Mobile device wdmso 03-07-2022, 08:56 AM 2018 Trump Asks Saudi Arabia to Pump More Oil, Citing High Prices Saudi Arabia confirms Trump spoke with King Salman but doesn’t mention the extra production the U.S. president tweeted about In an April 2 2020 phone call, Trump told Saudi Crown Prince Mohammed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting oil production, he would be powerless to stop lawmakers from passing legislation to withdraw U.S. troops from the kingdom, four sources familiar with the matter told Reuters. The effort illustrated Trump’s strong desire to protect the U.S. oil industry from a historic price meltdown as governments shut down economies worldwide to fight the virus. It also reflected a telling reversal of Trump’s longstanding criticism of the oil cartel, which he has blasted for raising energy costs for Americans with supply cuts that usually lead to higher gasoline prices. Now, Trump was asking OPEC to slash output. people have no historical Memory https://www.houstonpublicmedia.org/articles/news/in-depth/2020/01/13/356915/u-s-is-not-energy-independent-despite-trumps-claims/ U.S. Is Not “Energy Independent,” Despite Trump’s Claims wdmso 03-07-2022, 09:02 AM Correct me if I am wrong but the keystone pipeline was built to deliver Canadian oil to ports in the Gulf for export only. (Probably china). Posted from my iPhone/Mobile device You are correct I should have made that Clear. Many people (americans ) Assume that Oil is American Oil, not Canadian shale oil . and is somehow staying in the USA contributing to OUR energy independence another FYI Gas was 4.11 in 2008 , so gas Today isn't new. and its gone up 50 cents because since Putin invaded Pete F. 03-07-2022, 09:27 AM if those companies set prices ( and they don’t) why would they ever let oil dive to $35 a barrel. what were their profits in 2020 Pete? in the toilet, thats where. Posted from my iPhone/Mobile device Oil Nations, Prodded by Trump, Reach Deal to Slash Production HOUSTON — Oil-producing nations on Sunday agreed to the largest production cut ever negotiated, in an unprecedented coordinated effort by Russia, Saudi Arabia and the United States to stabilize oil prices and, indirectly, global financial markets. “President Trump, who spent the last three years criticizing OPEC, became the de facto president of the producer group,” said Helima Croft, head of global commodity strategy at RBC Capital Markets. Posted from my iPhone/Mobile device Jim in CT 03-07-2022, 10:34 AM 2018 Trump Asks Saudi Arabia to Pump More Oil, Citing High Prices Saudi Arabia confirms Trump spoke with King Salman but doesn’t mention the extra production the U.S. president tweeted about In an April 2 2020 phone call, Trump told Saudi Crown Prince Mohammed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting oil production, he would be powerless to stop lawmakers from passing legislation to withdraw U.S. troops from the kingdom, four sources familiar with the matter told Reuters. The effort illustrated Trump’s strong desire to protect the U.S. oil industry from a historic price meltdown as governments shut down economies worldwide to fight the virus. It also reflected a telling reversal of Trump’s longstanding criticism of the oil cartel, which he has blasted for raising energy costs for Americans with supply cuts that usually lead to higher gasoline prices. Now, Trump was asking OPEC to slash output. people have no historical Memory https://www.houstonpublicmedia.org/articles/news/in-depth/2020/01/13/356915/u-s-is-not-energy-independent-despite-trumps-claims/ U.S. Is Not “Energy Independent,” Despite Trump’s Claims we’re pumping a million less barrels a day than we were. is it better to give that money to americans, or to countries that hate us? Presidents are assumed to own what happens on their watch, not always fair. Bush was blamed y everyone in the left, for the subprime mortgage crisis which he had nothing to do with. Most people will give Biden credit for covid dying off on his watch, which he doesn’t deserve credit for, but he’ll get it. Similarly, he’ll be blamed for the soaring gas prices,, which he contributed to, but didn’t completely cause by any means ( also crime, inflation, etc, ). this is why his numbers are where they are. Posted from my iPhone/Mobile device wdmso 03-07-2022, 11:33 AM we’re pumping a million less barrels a day than we were. the U.S Government does not control oil production in the US not sure why people fail to understand that is it better to give that money to americans, or to countries that hate us? what Money Jim andgin private companies Presidents are assumed to own what happens on their watch, not always fair. Bush was blamed y everyone in the left, for the subprime mortgage crisis which he had nothing to do with. Putin invade Ukraine Not Joe Biden and drove up oil prices Most people will give Biden credit for covid dying off on his watch, which he doesn’t deserve credit for, but he’ll get it. Jim Biden made an effort trump just Lied Big difference Similarly, he’ll be blamed for the soaring gas prices,, which he contributed to, (what A lie )but didn’t completely cause by any means ( also crime, inflation, etc, ). this is why his numbers are where they are. Posted from my iPhone/Mobile device Jim the facts are not with you... Biden has closed no Oil wells in America he has not taken away any oil leases " Oil and gas companies do not need new leases on public lands ... million acres in total—are not yet being used to produce oil or gas." Biden outpaces Trump in issuing drilling permits on public lands https://www.washingtonpost.com/climate-environment/2022/01/27/oil-gas-leasing-biden-climate/ all you do is regurgitate GOP talking points Jim in CT 03-07-2022, 01:10 PM Jim the facts are not with you... Biden has closed no Oil wells in America he has not taken away any oil leases " Oil and gas companies do not need new leases on public lands ... million acres in total—are not yet being used to produce oil or gas." Biden outpaces Trump in issuing drilling permits on public lands https://www.washingtonpost.com/climate-environment/2022/01/27/oil-gas-leasing-biden-climate/ all you do is regurgitate GOP talking points "the U.S Government does not control oil production in the US not sure why people fail to understand that" On federal land and for offshore, yes it does control. Not sure why you fail to understand that. "what Money Jim andgin private companies" The massive oil and natural gas deposits on federal land, which we are sitting on and not cashing in on. Again, you aren't differentiating between privately owned land and federal land like ANWAR. Wayne, oil is at $120 a barrel. If it was all up to the private sector, why on earth wouldn't they be getting every drop out of the soil? Why do YOU suppose that oil is just sitting there? "Jim Biden made an effort trump just Lied Big difference" Trump helped usher in the testing and vaccine infastructure. He didn't "just lie". The "big difference" is between your lefty extremist nonsense, and what actually happened. Tell me what's false about this statement...By the time Biden took office, you could get testing fairly easily, and we were vaccinating almost a million people a day. "what A lie " No it's not. A quote from NPR of all places..."Biden campaigned last year on pledges to end new drilling on federal lands to rein in climate-changing emissions. His pick to oversee those lands, Interior Secretary Deb Haaland, adamantly opposed drilling on federal lands while in Congress and co-sponsored the liberal Green New Deal." Oil prices are highly speculative. When a president announces he's going to end new drilling on federal lands, that will give the impression that future supply will decrease, which causes the price to increase. Is NPR lying, Wayne? Biden didn't halt all US oil production, that would be a lie. But he's not in favor of "drill baby drill" either. "Biden has closed no Oil wells in America he has not taken away any oil leases " He stopped issuing new permit approvals on federal lands, until a judge stopped him. And he halted the pipeline. Again, intentionally giving the impression that he's not oil-friendly. I bought oil futures the day after the election, precisely because I understand this. Paying off very nicely. Was pretty obvious. "Biden outpaces Trump in issuing drilling permits on public lands" That's true. But you failed to mention (gee, I wonder why?), that first Biden halted all new approvals on federal lands, until a judge blocked him. Or is NPR lying? No matter who was POTUS, oil was going to soar once covid slowed down. None of that is Bidens fault. But he campaigned as a green president, and initially blocked all new permits on federal lands. Again, I assume there's also a reason why Putin didn't invade during Trumps 4 years. That war is having a massive impact on prices, and some of that is on Biden. He projects weakness and senility. Oil is shooting up on his watch. He caused some, not all, of the price increase. And even what's not his fault at all, will be held against him, because presidents own what happens on their watch. I would genuinely love to know what you were saying in 2008 when the subprime mortgage crisis exploded. I am positive you blamed it all on Bush because he was the sitting POTUS. Pete F. 03-07-2022, 02:33 PM The oil industry’s fearmongering would seem to suggest that they are running out of leased lands on which to produce, more than half of all acres currently leased—13.9 million acres in total—are not yet being used to produce oil or gas. Over the past four years, the Trump administration orchestrated a fire sale of public lands, and companies stockpiled leases on millions of those acres. By sitting idle on these leases, the industry is not creating any revenue or jobs—energy or otherwise. It is, however, making a sizable parcel of public lands unavailable for other valuable uses, such as recreation and conservation, at the taxpayer’s loss. Don’t ignore that the us taxpayers subsidize big oil with billions of dollars, but somehow that’s not socialism. Posted from my iPhone/Mobile device Jim in CT 03-07-2022, 03:03 PM The oil industry’s fearmongering would seem to suggest that they are running out of leased lands on which to produce, more than half of all acres currently leased—13.9 million acres in total—are not yet being used to produce oil or gas. Over the past four years, the Trump administration orchestrated a fire sale of public lands, and companies stockpiled leases on millions of those acres. By sitting idle on these leases, the industry is not creating any revenue or jobs—energy or otherwise. It is, however, making a sizable parcel of public lands unavailable for other valuable uses, such as recreation and conservation, at the taxpayer’s loss. Don’t ignore that the us taxpayers subsidize big oil with billions of dollars, but somehow that’s not socialism. Posted from my iPhone/Mobile device is it fear mongering, or stating fact, to say that Biden campaigned on the promise of no new leases in federal lands. when you say that while running for potus, and you win, the price of oil is very likely going up. but trump bad. you may have to check into rehab in november. Posted from my iPhone/Mobile device detbuch 03-07-2022, 03:07 PM Correct me if I am wrong but the keystone pipeline was built to deliver Canadian oil to ports in the Gulf for export only. (Probably china). Posted from my iPhone/Mobile device Factcheck.org and politifact say that is not true--slightly more or less than half would be exported out of the U.S. And it would add jobs in the U.S. And no matter where it would be sold, if it added to world production, that would lower the price of oil. The main objection against it was environmental. Pete F. 03-07-2022, 03:18 PM is it fear mongering, or stating fact, to say that Biden campaigned on the promise of no new leases in federal lands. when you say that while running for potus, and you win, the price of oil is very likely going up. but trump bad. you may have to check into rehab in november. Posted from my iPhone/Mobile device What rational person would say that if you are sitting on unused reserves equal to everything currently in use that you are running out. That’s a gigantic free asset that’s being controlled by people other than the ones that own it, for what purpose? In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil. Posted from my iPhone/Mobile device Jim in CT 03-07-2022, 04:07 PM What rational person would say that if you are sitting on unused reserves equal to everything currently in use that you are running out. That’s a gigantic free asset that’s being controlled by people other than the ones that own it, for what purpose? In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil. Posted from my iPhone/Mobile device "What rational person would say that if you are sitting on unused reserves equal to everything currently in use that you are running out." Who said we're running out? You accuse oil companies of fear-mongering, yet 95% of what you post is wild hyperbole, fear mongering, and paranoid schizophrenia. "In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year" Fine, end that...can we also end subsidies to Planned Parenthood? wdmso 03-07-2022, 04:31 PM is it fear mongering, or stating fact, to say that Biden campaigned on the promise of no new leases in federal lands. when you say that while running for potus, and you win, the price of oil is very likely going up. but trump bad. you may have to check into rehab in november. Posted from my iPhone/Mobile device And Jim blows right by 13.9 million acres in total—are not yet being used to produce oil or gas. Jim once again big oil is lying to YOU and so is fox news The only people refusing to pump more oil are oil companies In Jan 2016 us fields pumped 9200 barrels 2017 8800 2018 9996 2019 11848. 2020 12750. 2021. 11056 This is just January the totals change around a 1000 barrels a day give or Take facts suck https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M Posted from my iPhone/Mobile device Jim in CT 03-07-2022, 04:39 PM And Jim blows right by 13.9 million acres in total—are not yet being used to produce oil or gas. Jim once again big oil is lying to YOU and so is fox news The only people refusing to pump more oil are oil companies In Jan 2016 us fields pumped 9200 barrels 2017 8800 2018 9996 2019 11848. 2020 12750. 2021. 11056 This is just January the totals change around a 1000 barrels a day give or Take facts suck https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M Posted from my iPhone/Mobile device I didn't blow by a single thing. You're the one who can't say out loud that when he first took office, Biden promised no new leases. It's a speculative marketplace. Again, it was beyond obvious oil would soar under this administration. Even before any talk of Russia in Ukraine, it was soaring. Part of that, not all but part, is because Biden wanted progressives to believe he was sufficiently green. The great thing is, in November we get to see if Americans believe your story or mine. US production is down since Biden took office. He contributed to that. I'm sorry if that fact doesn't serve your individual political agenda. And you ignored the NPR article I posted, because again, it didn't serve your agenda. Now in addition to oil, the market is correcting. Again, we have been long overdue for a correction, but there's probably a reason why it's happening now. Many bad things are happening now. Are ANY of them Biden's fault? Jim in CT 03-07-2022, 05:22 PM Buttigueg tells americans to go buy electric vehicles to avoid impacts of soaring oil prices. That’s a very practical, a solution available to just about everybody ( average cost of these cars is only about $50,000 and the cars are available everywhere because there are no chip shortages), not even a little bit smug or tone deaf. Posted from my iPhone/Mobile device Pete F. 03-07-2022, 05:39 PM "What rational person would say that if you are sitting on unused reserves equal to everything currently in use that you are running out." Who said we're running out? You accuse oil companies of fear-mongering, yet 95% of what you post is wild hyperbole, fear mongering, and paranoid schizophrenia. "In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year" Fine, end that...can we also end subsidies to Planned Parenthood? So just what are you claiming in your statement is driving the volatility in the price of oil? “ is it fear mongering, or stating fact, to say that Biden campaigned on the promise of no new leases in federal lands. when you say that while running for potus, and you win, the price of oil is very likely going up.” And then the master of whataboutism compares Planned Parenthood to fuel sector subsidies. OK Posted from my iPhone/Mobile device Jim in CT 03-07-2022, 06:31 PM And then the master of whataboutism compares Planned Parenthood to fuel sector subsidies. OK Posted from my iPhone/Mobile device where did i compare them? i didnt. but falsely claiming that i did, is easier for you than actually responding. Posted from my iPhone/Mobile device wdmso 03-07-2022, 06:51 PM The latest rise in UK petrol prices has pushed the cost to more than £7 a gallon, the AA said. Filling up a car with a 55-litre tank now costs nearly £17 more than a year ago, rising from £68.60 to £85.59. It’s a world issue not a local issue ! Unlike what Fox News is trying to convince its viewers I think I said if Putin invades don’t be shocked when you see 150 dollar barrel it’s getting close and I’d rather be wrong Posted from my iPhone/Mobile device wdmso 03-07-2022, 07:07 PM Buttigueg tells americans to go buy electric vehicles to avoid impacts of soaring oil prices. That’s a very practical, a solution available to just about everybody ( average cost of these cars is only about $50,000 and the cars are available everywhere because there are no chip shortages), not even a little bit smug or tone deaf. Posted from my iPhone/Mobile device It’s a more realistic solution for some But yelling just pump more oil seems to be practical ? Guess you haven’t seen what a Ford F-150 goes for Ps EV cars are sold and built by American workers not sure promotion of EV is smug and tone death Buttigieg slammed for urging electric car buying to counter gas prices https://nypost.com/2021/11/29/buttigieg-slammed-for-urging-electric-car-buying-to-counter-gas-prices/ That’s funny this has been his message since November Yet your trying to make his comments as new and attached to Ukraine…. Such misrepresentation Posted from my iPhone/Mobile device Jim in CT 03-07-2022, 07:15 PM It’s a more realistic solution for some But yelling just pump more oil seems to be practical ? Guess you haven’t seen what a Ford F-150 goes for Ps EV cars are sold and built by American workers not sure promotion of EV is smug and tone death Buttigieg slammed for urging electric car buying to counter gas prices https://nypost.com/2021/11/29/buttigieg-slammed-for-urging-electric-car-buying-to-counter-gas-prices/ That’s funny this has been his message since November Yet your trying to make his comments as new and attached to Ukraine…. Such misrepresentation Posted from my iPhone/Mobile device yes, pump more oil is, by far, the cheapest and most practical. i didn’t know the two choices were we electric cars or F-150, no other options? never heard of a honda accord? many gas cars are also made by american workers. Never heard of GM? average price of an electric vehicle is what, $50k? their range and lack of charging stations, aren’t practical for massive conversion yet. and if we all bought electric cars tomorrow, where would you suggest the electricity come from to charge them? do we all have to rub balloons on our heads all day? there’s a reason why, despite huge federal tax incentives of $7500 on EVs, most people opt for gas. Posted from my iPhone/Mobile device wdmso 03-07-2022, 08:09 PM yes, pump more oil is, by far, the cheapest and most practical. i didn’t know the two choices were we electric cars or F-150, no other options? never heard of a honda accord? many gas cars are also made by american workers. Never heard of GM? average price of an electric vehicle is what, $50k? their range and lack of charging stations, aren’t practical for massive conversion yet. and if we all bought electric cars tomorrow, where would you suggest the electricity come from to charge them? do we all have to rub balloons on our heads all day? Posted from my iPhone/Mobile device You need to start yelling at the oil companies who actually control the pumping of oil overall it takes an average of four weeks to get fuel from Oil to Gas And a well It takes a standard oil well can to advance from drilling to the beginning of production for an oil company within one to three months. You act as if there are no charging stations in the Country Only you think the suggestion was just buy electric cars how myopic And of course solar and wind and hydro provide no power LOL It’s like 12% That saves oil to be redirected Posted from my iPhone/Mobile device Jim in CT 03-07-2022, 08:40 PM You need to start yelling at the oil companies who actually control the pumping of oil overall it takes an average of four weeks to get fuel from Oil to Gas And a well It takes a standard oil well can to advance from drilling to the beginning of production for an oil company within one to three months. You act as if there are no charging stations in the Country Only you think the suggestion was just buy electric cars how myopic And of course solar and wind and hydro provide no power LOL It’s like 12% That saves oil to be redirected Posted from my iPhone/Mobile device if oil companies control the price, please explain why they allowed the price to get down to $35, eliminating all profits and tanking the stock price. “you act as if there are no charging stations.” never came close to saying that. i said there aren’t many, not nearly enough to serve all of us if we were to buy EVs. Posted from my iPhone/Mobile device Pete F. 03-07-2022, 10:05 PM where did i compare them? i didnt. but falsely claiming that i did, is easier for you than actually responding. Posted from my iPhone/Mobile device “ In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year" Fine, end that...can we also end subsidies to Planned Parenthood? Posted from my iPhone/Mobile device spence 03-07-2022, 10:12 PM if oil companies control the price, please explain why they allowed the price to get down to $35, eliminating all profits and tanking the stock price. Are you seriously this dense. Do you know how many calls I had with oil producers that had to be cancelled at the start of covid because they were all being let go? scottw 03-08-2022, 04:49 AM Do you know how many calls I had with oil producers that had to be cancelled at the start of covid because they were all being let go? this is a tough one...I'll guess 4... Jim in CT 03-08-2022, 06:14 AM Are you seriously this dense. Do you know how many calls I had with oil producers that had to be cancelled at the start of covid because they were all being let go? i said multiple times, that much of the drop was due to covid related lack of demand, and that once covid eased, prices would go up no matter who was potus. i said that several times. so who’s dense? your side is saying oil companies set the price. i said supply and demand sets the price. you didn’t refute anything i said, you’re saying the same exact thing i’m saying You refuted wdmso and pete, who said oil companies can set the price. again, who is dense? yet another crisis on the democrats’ watch. Another in a loooong list. After the debacle in Afghanistan, it’s been one failure after another. The s&p 500 is in a correction, and the Nasdaq is in bear territory. But surely someone like you, such a mover and shaker in the world of finance, knows this, knows what caused it. Right? Americans blamed Bush for the subprime mortgage crisis, not because he contributes to it, but because he was potus when it happened. Biden similarly owns all these colossal failures. Crime, inflation, illegal immigration hot mess, Afghanistan pullout, soaring debt, supply chain issues, russia emboldened, soaring gas, now a stock market correction. Covid waning in his watch, won’t offset all that. probably not. November a long way out, anything. an happen. But the dems are up to their eyeballs in failure at the moment. Posted from my iPhone/Mobile device Jim in CT 03-08-2022, 06:27 AM this is a tough one...I'll guess 4... I’ll guess precisely zero. Posted from my iPhone/Mobile device Pete F. 03-08-2022, 06:41 AM So, how does that explain the larger price increases in Ireland? Posted from my iPhone/Mobile device Jim in CT 03-08-2022, 06:59 AM So, how does that explain the larger price increases in Ireland? Posted from my iPhone/Mobile device i don’t know. but i know that gas costs more in CT than most other states, and our stupid taxes don’t explain it all. i don’t know everything about this business, i dont know much about this business. i’m not sure higher prices are always better for huge oil companies. At some point people cut back on usage to save money. I have an F-150 that i love to drive. When gas is over $3.75 i dont drive it unless i have no choice. I’ll work from home more instead of driving 20 miles to the office. higher prices doesn’t always mean more revenue. Because of price and it’s effect on supply and demand. Posted from my iPhone/Mobile device scottw 03-08-2022, 07:51 AM So, how does that explain the larger price increases in Ireland? Posted from my iPhone/Mobile device and Istanbul....I mean...Constantinople..... scottw 03-08-2022, 07:52 AM i said supply and demand sets the price. Posted from my iPhone/Mobile device somehow they completely missed that :huh: Jim in CT 03-08-2022, 08:22 AM somehow they completely missed that :huh: because they can’t accept it when anyone to the right of Stalin says something sensible. only liberals are allowed to be logical. Posted from my iPhone/Mobile device wdmso 03-08-2022, 09:55 AM if oil companies control the price, please explain why they allowed the price to get down to $35, eliminating all profits and tanking the stock price. “you act as if there are no charging stations.” never came close to saying that. i said there aren’t many, not nearly enough to serve all of us if we were to buy EVs. Posted from my iPhone/Mobile device Seems you got ahead of your self I said oil companies control what’s pumped ,, And you and many others are suggesting they should pump more to bring down the Price So if you control demand you directly or indirectly influence price And oil being priced as a Global commodity supply is controlled by those who pump it . And demand by who needs it.. in a nutshell those who produce control supply and the price The demand side is not with out influence and with out Covid oil never would have seen 35 bucks a barrel Posted from my iPhone/Mobile device scottw 03-08-2022, 09:57 AM it's fun when they try to sound smart.....:hihi: wdmso 03-08-2022, 10:00 AM oil price is set by the Organization of Petroleum Exporting Countries, a permanent intergovernmental oil organisation, created in 1960 by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. Posted from my iPhone/Mobile device Jim in CT 03-08-2022, 10:18 AM Seems you got ahead of your self I said oil companies control what’s pumped ,, And you and many others are suggesting they should pump more to bring down the Price So if you control demand you directly or indirectly influence price And oil being priced as a Global commodity supply is controlled by those who pump it . And demand by who needs it.. in a nutshell those who produce control supply and the price The demand side is not with out influence and with out Covid oil never would have seen 35 bucks a barrel Posted from my iPhone/Mobile device but youre all implying oil companies want this, and even higher prices. higher prices aren’t always better. There’s a sweet spot on the price/demand curve and we’re probably past it, and going way up again today. agreed that covid was the main driver of oil down. And covid relief was a big driver of oil going back up. But there are other forces pushing oil further up than where it was before covid. Liberalism generally speaking, is anti fossil fuel. you can deny that all you want for political convenience based on current events. But Biden put a halt to all new permits on federal lands for as long as he could, because he promised the greenies he’d do just that. Posted from my iPhone/Mobile device wdmso 03-08-2022, 03:08 PM found this Interesting Facts: Number of U.S. Oil Rigs in Operation: December, 2020: 341 December, 2021: 579 We had as many as 2,017 Active U.S. Oil Rigs as recently as 2011 (under Obama), which shows two things. First, that there was actually far less drilling under Trump than Obama, and second, there are plenty of existing U.S. oil rigs that could be restarted, after being voluntarily shut down by oil companies without needing any new drilling sites. U.S. Production of Crude Oil: December, 2020: 11.084 Million Barrels/Day December, 2021: 11.567 Million Barrels/Day U.S. Net Imports of Crude Oil: December, 2020: -1.186 Million Barrels/Day December, 2021: -1.062 Million Barrels/Day NOTE: A negative number in this category represents net exports, meaning we exported more than we imported. Russian Oil and Petroleum Product Imported: December, 2020: 12.898 Million Barrels (416K/Day) December, 2021: 12.569 Million Barrels (405K/Day) By every relevant measure, the U.S. oil industry is performing the same or better after one year of Biden than it was after 4 years of Trump. Source: U.S. Energy Information Administration piemma 03-08-2022, 03:28 PM F uck it. Just spend the money. When the price gets to a point where the mass population cannot or will not pay it, it'll come down. Debate all you want. The fact is we "scrubs" have absolutely no control over the price, import, export, drilled, pumped etc, etc. wdmso 03-08-2022, 03:44 PM but youre all implying oil companies want this, and even higher prices. higher prices aren’t always better. There’s a sweet spot on the price/demand curve and we’re probably past it, and going way up again today. agreed that covid was the main driver of oil down. And covid relief was a big driver of oil going back up. But there are other forces pushing oil further up than where it was before covid. Liberalism generally speaking, is anti fossil fuel. you can deny that all you want for political convenience based on current events. But Biden put a halt to all new permits on federal lands for as long as he could, because he promised the greenies he’d do just that. Posted from my iPhone/Mobile device this Poll was this March 2022 Americans Largely Favor U.S. Taking Steps To Become Carbon Neutral by 2050 But just 31% want to phase out use of fossil fuels completely The new Pew Research Center survey of 10,237 U.S. adults conducted from Jan. 24 to 30, 2022, finds that 69% of U.S. adults prioritize developing alternative energy sources, such as wind and solar, over expanding the production of oil, coal and natural gas https://www.pewresearch.org/science/2022/03/01/americans-largely-favor-u-s-taking-steps-to-become-carbon-neutral-by-2050/ Unless you are a one news source person . I can understand why you would think . Liberalism is Just anti fossil fuel . it's what they tell their viewers all the time ... here is 1 example ( Biden's renewable energy rush is making gas prices skyrocket) :faga: Jim in CT 03-08-2022, 04:22 PM this Poll was this March 2022 Americans Largely Favor U.S. Taking Steps To Become Carbon Neutral by 2050 But just 31% want to phase out use of fossil fuels completely The new Pew Research Center survey of 10,237 U.S. adults conducted from Jan. 24 to 30, 2022, finds that 69% of U.S. adults prioritize developing alternative energy sources, such as wind and solar, over expanding the production of oil, coal and natural gas https://www.pewresearch.org/science/2022/03/01/americans-largely-favor-u-s-taking-steps-to-become-carbon-neutral-by-2050/ Unless you are a one news source person . I can understand why you would think . Liberalism is Just anti fossil fuel . it's what they tell their viewers all the time ... here is 1 example ( Biden's renewable energy rush is making gas prices skyrocket) :faga: it doesn’t matter what people want, if what they want us unrealistic. those same people are all going berserk right now because of gas prices i’d never say we shouldn’t develop better alternatives, i’m all for that. but until those alternatives are up to the task of replacing fossil fuels ( and we are nowhere near that point, we are several decades away), fossil fuels will lead the way. That’s a fact. The greenies may hate that fact, it’s still a fact. While we still use fossil fuels, nations who sell them in abundance, will get rich. The US can get rich, or countries that hate us can get rich. I’d prefer that Americans get rich over people that wish we were all dead. Do you disagree? We are several decades away from getting off fossil fuels. Several decades. Solar and wind aren’t even close to ready to replace oil. Not even close. I have a huge solar panel system on my home roof. i believe in this stuff. But i can also see the limitations. Liberals can’t see the limitations, because they don’t care about reality, they care about ideology. Facts matter. Posted from my iPhone/Mobile device Pete F. 03-08-2022, 04:55 PM The trucker convoy is currently driving around in circles fighting something that doesn't exist and will be the ones complaining and blaming Biden for the price of fuel. Because as is typical for Trumplicans they find a destructive non-solution to an imaginary problem for the sole purpose of inflaming their base as it grows more and more radicalized. And when it hurts the economy, security or humanity, they'll blame the libs For some people the short term goal of "getting rich" is more important than anything else. Jim in CT 03-08-2022, 05:23 PM The trucker convoy is currently driving around in circles fighting something that doesn't exist and will be the ones complaining and blaming Biden for the price of fuel. Because as is typical for Trumplicans they find a destructive non-solution to an imaginary problem for the sole purpose of inflaming their base as it grows more and more radicalized. And when it hurts the economy, security or humanity, they'll blame the libs For some people the short term goal of "getting rich" is more important than anything else. it’s not about getting rich. it’s about living your life - heating your home, driving to work and to your kids activities. Fossil fuels caused the industrial revolution, and are helping third world countries become first world countries. standard of living goes up, life expectancies increase, etc… i’ve said here 50 times that fuel costs were going up no matter who won, much of it is t Biden’s fault. The only absolutist fanatics I see here are the lefties, who refuse to concede Biden played any role whatsoever. Posted from my iPhone/Mobile device Pete F. 03-08-2022, 05:40 PM The national average for a gallon of gas is $4.17. A gallon of Starbucks coffee costs $16.80. Just saying Posted from my iPhone/Mobile device Jim in CT 03-08-2022, 06:04 PM The national average for a gallon of gas is $4.17. A gallon of Starbucks coffee costs $16.80. Just saying Posted from my iPhone/Mobile device that’s brilliant. starbucks coffee is no less vital to everyday life, than oil. oil impacts almost everything. Pete, you claimed here many times that Trump is responsible for every American covid death. Yet Biden has zero culpability for the oil surge. Posted from my iPhone/Mobile device Pete F. 03-08-2022, 07:55 PM that’s brilliant. starbucks coffee is no less vital to everyday life, than oil. oil impacts almost everything. Pete, you claimed here many times that Trump is responsible for every American covid death. Yet Biden has zero culpability for the oil surge. Posted from my iPhone/Mobile device It’s all Trump, all the time with you Sad Posted from my iPhone/Mobile device Jim in CT 03-08-2022, 08:48 PM It’s all Trump, all the time with you Sad Posted from my iPhone/Mobile device you’re criticizing others for bringing up trump. that’s a good one and oil prices are no big deal, because starbucks coffee costs more per gallon. can’t compete with that logic. Posted from my iPhone/Mobile device Pete F. 03-08-2022, 09:03 PM you’re criticizing others for bringing up trump. that’s a good one and oil prices are no big deal, because starbucks coffee costs more per gallon. can’t compete with that logic. Posted from my iPhone/Mobile device You qualify as the penultimate Trump defender/non supporter Some rational people would question how that works when you claim to be “ I’m his most honest critic. My disdain for him is genuine,not based purely on politics. I cannot stand him and hope he goes away forever.” Clown Posted from my iPhone/Mobile device wdmso 03-09-2022, 02:31 PM F uck it. Just spend the money. When the price gets to a point where the mass population cannot or will not pay it, it'll come down. Debate all you want. The fact is we "scrubs" have absolutely no control over the price, import, export, drilled, pumped etc, etc. I have always said when gas Goes up rich people don't Care and poor people don't Drive and the middle class gets the shaft wdmso 03-09-2022, 02:47 PM It odd Jim brings up Green energy indirectly blaming the current gas issue on them Then I see this lovely story Rep. Bill Johnson Republican to Newsmax: Russia Paying Money to US Environmentalists There is evidence that Russia has channeled money to American environmental groups fighting against the use of fossil fuels, Biden, he added, has "made it very clear" that he's "going to destroy the oil industry" "They want more money toward green alternative energies than they do for the reliable grid sustaining fossil fuel energy sources like oil and gas," Johnson further commented. Guess he missed this Coal, oil, and natural gas received $5.9 trillion in subsidies in 2020 These people have no shame they just make crap up little FYI For oil and gas leases on federal land , rent is owed until the lease has production of oil or gas in paying quantities. This rent is at a rate of $1.50 per acre for the first five years and $2.00 per acre for years six to ten.Apr 27, 2021 if the hit oil they pay the Government 12.5% royalty Here is the Joke! it hasn't been changed since 1920 Jim in CT 03-09-2022, 02:55 PM It odd Jim brings up Green energy indirectly blaming the current gas issue on them I did? You and Pete are sharing the same tin foil hat... I blamed soaring prices on: (1) increased demand after covid lightened up (2) perception that Biden would be less oil-friendly than Trump (3) Putin invading Ukraine (which is partly Bidens fault in my opinion) wdmso 03-09-2022, 02:56 PM Another FYI According to the BLM, there were 63,000 onshore crude oil and natural gas wells on federal lands. The production from these wells accounted for 5 percent of U.S. crude oil production Currently, there are 100,000 “producible and service” well bores located on federal oil and gas leases. That seems like a huge number, but it pales in comparison to the nearly 1 million oil and gas wells currently producing across the U.S., 900,000 of which are on state and private lands.Mar 18, 2021 I dont think a federal pause on leases is hurting them .. But if you listen to them the sky is falling Pete F. 03-09-2022, 03:08 PM Oil prices are now down an amazing $15 / barrel today alone. Futures prices for the fall now < $90. So I expect the increases at the pump will be rolled right back. Right? Umm ... right? Posted from my iPhone/Mobile device wdmso 03-09-2022, 03:14 PM I did? You and Pete are sharing the same tin foil hat... I blamed soaring prices on: (1) increased demand after covid lightened up (2) perception that Biden would be less oil-friendly than Trump (3) Putin invading Ukraine (which is partly Bidens fault in my opinion) I Took yours comments On Pete Buttigieg claims EV transportation will bring ‘cost savings’ to Americans , as indirectly blaming the current gas issue . Incorrectly and I apologize. unfortunately Many on the right have no issues pushing that Narrative Jim in CT 03-09-2022, 03:32 PM I Took yours comments On Pete Buttigieg claims EV transportation will bring ‘cost savings’ to Americans , as indirectly blaming the current gas issue . Incorrectly and I apologize. unfortunately Many on the right have no issues pushing that Narrative No worries, I've misinterpreted many many posts! I brought up Buttigieg NOT as causing gas price increases, but as being stupid for saying the solution is for everyone to buy electric cars. Many people can't afford electric cars. Many people who can afford them, aren't good candidates to buy them, for many reasons (size, range, etc) If everyone could afford them and could live with them, there aren't enough available. If there were enough available, there aren't enough charging stations. If there were enough charging stations, there isn't enough electricity. Other than that, Pete's ideas make sense. wdmso 03-10-2022, 11:36 AM Trump: Biden Letting 'Radical Climate Extremists' Run US the new rallying Cry from Conservatives Green energy is to Blame for the increase in Gas prices :bs: nightfighter 03-10-2022, 12:08 PM No worries, I've misinterpreted many many posts! I brought up Buttigieg NOT as causing gas price increases, but as being stupid for saying the solution is for everyone to buy electric cars. Many people can't afford electric cars. Many people who can afford them, aren't good candidates to buy them, for many reasons (size, range, etc) If everyone could afford them and could live with them, there aren't enough available. If there were enough available, there aren't enough charging stations. If there were enough charging stations, there isn't enough electricity. Other than that, Pete's ideas make sense. The technology is just not there for it to be an economical reality. China is supporting the EV development and is likely ten years ahead of the American programs. 60 Minutes did an excellent piece on this in 2019. You can see it online if you have Paramount. It's coming, but not a reality in today's world for the average family, in any country, excluding China because I don't know. In other words, we depend on fossil fuel for the time being. So time for Biden to pull a 180 for the good of the country. Jim in CT 03-10-2022, 05:00 PM The technology is just not there for it to be an economical reality. China is supporting the EV development and is likely ten years ahead of the American programs. 60 Minutes did an excellent piece on this in 2019. You can see it online if you have Paramount. It's coming, but not a reality in today's world for the average family, in any country, excluding China because I don't know. In other words, we depend on fossil fuel for the time being. So time for Biden to pull a 180 for the good of the country. We're not even close to being ready to transition to renewables. Decades. TIME Magazine called Michael Shellenberger a "hero of the environment", he's a hard core green guy. Here, he writes an article about why renewables aren't viable to do much right now. And that nuclear is potentially a far better option. https://www.wind-watch.org/documents/why-renewables-cant-save-the-planet/ wdmso 03-10-2022, 05:07 PM We're not even close to being ready to transition to renewables. Decades. T/[/url] Only Conservatives think renewables are going to replace oil tomorrow. Posted from my iPhone/Mobile device Jim in CT 03-10-2022, 05:19 PM Only Conservatives think renewables are going to replace oil tomorrow. Posted from my iPhone/Mobile device they do? which conservatives think that? You haven't seen ANY prominent liberals in the last 2 weeks, say that the answer to this crisis is renewed attention to renewables? Pete Buttigieg didn't essentially say that switching to electric cars was the way to avoid pain at the pump? Pete F. 03-10-2022, 05:47 PM We're not even close to being ready to transition to renewables. Decades. TIME Magazine called Michael Shellenberger a "hero of the environment", he's a hard core green guy. Here, he writes an article about why renewables aren't viable to do much right now. And that nuclear is potentially a far better option. https://www.wind-watch.org/documents/why-renewables-cant-save-the-planet/ Well, he’s right Posted from my iPhone/Mobile device wdmso 03-11-2022, 10:27 AM they do? which conservatives think that? You haven't seen ANY prominent liberals in the last 2 weeks, say that the answer to this crisis is renewed attention to renewables? Pete Buttigieg didn't essentially say that switching to electric cars was the way to avoid pain at the pump? All of them. Yes Jim the answer to the current issue is renewable energy! To prevent future issues of being dependent oil aka true energy independent not conservatives twisted definition of it Again only the right is suggesting green energy is the answer to the current crisis are Republicans and you carry their water Well, then. The Biden/Harris/Buttigieg/Psaki solution to high gas prices right now, today, is for all you urban, suburban, and rural Americans to go out and buy an EV. Biden's renewable energy rush is making gas prices skyrocket Dec 2021 I haven’t seen any one suggesting electric cars are the quick fix But it’s the same drum beat from the right drill baby drill. And that’s never worked . Ps Oil prices are set on the global market and I doubt pausing oil leases on federal lands did anything to influence world markets But conservatives seem to skip. That part and present oil prices are Controlled by the POTUS Posted from my iPhone/Mobile device Jim in CT 03-11-2022, 10:59 AM All of them. Yes Jim the answer to the current issue is renewable energy! To prevent future issues of being dependent oil aka true energy independent not conservatives twisted definition of it Again only the right is suggesting green energy is the answer to the current crisis are Republicans and you carry their water Well, then. The Biden/Harris/Buttigieg/Psaki solution to high gas prices right now, today, is for all you urban, suburban, and rural Americans to go out and buy an EV. Biden's renewable energy rush is making gas prices skyrocket Dec 2021 I haven’t seen any one suggesting electric cars are the quick fix But it’s the same drum beat from the right drill baby drill. And that’s never worked . Ps Oil prices are set on the global market and I doubt pausing oil leases on federal lands did anything to influence world markets But conservatives seem to skip. That part and present oil prices are Controlled by the POTUS Posted from my iPhone/Mobile device You're saying that all conservatives think that " renewables are going to replace oil tomorrow." Wayne, if ANYBODY with a clue thought that, oil would be plummeting in price, not skyrocketing. "Yes Jim the answer to the current issue is renewable energy" I agree. But that "answer" is literally decades away. "only the right is suggesting green energy is the answer to the current crisis are Republicans and you carry their water " gibberish. Wayne, the right knows we need to pursue green energy, but unlike you, we accept the reality that it's decades away from being practical or feasible. "Well, then. The Biden/Harris/Buttigieg/Psaki solution to high gas prices right now, today, is for all you urban, suburban, and rural Americans to go out and buy an EV." Did you see or read what Buttigieg said? Just because it was stupid, doesn't mean he didn't say it. He said it. It was an unbelievably stupid, elitist, tone-deaf thing to say. Your side is getting pummeled at every turn. Every turn. Pete F. 03-11-2022, 11:18 AM You're saying that all conservatives think that " renewables are going to replace oil tomorrow." Wayne, if ANYBODY with a clue thought that, oil would be plummeting in price, not skyrocketing. "Yes Jim the answer to the current issue is renewable energy" I agree. But that "answer" is literally decades away. "only the right is suggesting green energy is the answer to the current crisis are Republicans and you carry their water " gibberish. Wayne, the right knows we need to pursue green energy, but unlike you, we accept the reality that it's decades away from being practical or feasible. "Well, then. The Biden/Harris/Buttigieg/Psaki solution to high gas prices right now, today, is for all you urban, suburban, and rural Americans to go out and buy an EV." Did you see or read what Buttigieg said? Just because it was stupid, doesn't mean he didn't say it. He said it. It was an unbelievably stupid, elitist, tone-deaf thing to say. Your side is getting pummeled at every turn. Every turn. How's that wall working? It wasn't magic, was it? It seems that you think if there is a problem, everything should stop and we can only work on one resolution. But as you have repeatedly said, more than one thing can be true at the same time. We can work towards being less reliant on fossil fuels AND do what we can to reduce current pricing. We cannot instantly drill wells, move crude to refineries and refine it. Perhaps you would like this administration to impose price controls? Unfortunately the shutdown of the oil industry due to lack of demand due to covid created a lag in supply, those lags always take time to resolve themselves. https://www.cred.org/seven-steps-of-oil-and-natural-gas-extraction/ If we had done more to reduce fossil fuel reliance over the past 40 years, we and the rest of the developed world would currently have far less of an issue with Russia, the Saudis and other oil enabled dictators. Jim in CT 03-11-2022, 01:40 PM How's that wall working? It wasn't magic, was it? It seems that you think if there is a problem, everything should stop and we can only work on one resolution. But as you have repeatedly said, more than one thing can be true at the same time. We can work towards being less reliant on fossil fuels AND do what we can to reduce current pricing. We cannot instantly drill wells, move crude to refineries and refine it. Perhaps you would like this administration to impose price controls? Unfortunately the shutdown of the oil industry due to lack of demand due to covid created a lag in supply, those lags always take time to resolve themselves. https://www.cred.org/seven-steps-of-oil-and-natural-gas-extraction/ If we had done more to reduce fossil fuel reliance over the past 40 years, we and the rest of the developed world would currently have far less of an issue with Russia, the Saudis and other oil enabled dictators. "It seems that you think if there is a problem, everything should stop and we can only work on one resolution." Never came close to saying that, can't imagine how you could possibly conclude that. Pursue green energy, invest in it. At the same time, look at nuclear plants to provide electricity, and figure out how to safely get every drop of oil out from American soil. Not rocket science. "We can work towards being less reliant on fossil fuels AND do what we can to reduce current pricing" Which is obviously, exactly what I have been saying. There's all the incentive in the world to achieve more reliance on renewables. People who succeed in that space, will be the richest people who ever lived. No further incentive needed. It's not that we aren't pursuing it. It's just not simple. ."Unfortunately the shutdown of the oil industry due to lack of demand due to covid created a lag in supply, those lags always take time to resolve themselves." I'm not sure that's true. Opec doesn't have a lot of trouble increasing supply. Jim in CT 03-11-2022, 01:42 PM Kamala Harris said today that current gas prices "are the price we pay for democracy," That'll go over well. SHE is unbelievable, god's gift to the GOP. We never had a democracy until gas prices were this high? Pete F. 03-11-2022, 02:15 PM There are two important things to remember about how oil and gas production work: The government doesn’t place any production limits on oil and gas companies, and there’s no such thing as an immediate production increase. Oil and gas companies decide, all by themselves, whether or not to increase production, and new drilling now generally translates to oil and gas on the market in six to 12 months. A new fracking well takes six to eight months to produce oil, for example. Are there idle wells that could be productive again in less time? Sure. Are there some that were shut down during the pandemic that can be brought back online? Yep. But then we get to the real reasons oil companies aren’t drilling: It’s not government intervention, it’s a combination of money, labor, and materials (shocking, I know). The big fracking companies — Devon, Pioneer, and Continental — burned by multiple boom and bust cycles over the years, pledged in February not to increase production until 2023. “Whether it’s $150 oil, $200 oil, or $100 oil, we’re not going to change our growth plans,” Pioneer CEO Scott Sheffield said during a Bloomberg Television interview. “If the president wants us to grow, I just don’t think the industry can grow anyway.” In ExxonMobil’s February earnings call, Woods said the company’s focus remains on price per barrel over volume. “One of the primary objectives we’ve had in looking at the portfolio is less about volume and volume targets and more about the quality and profitability of the barrels that we’re producing.” he said. “That’s been the focus. And as we move forward, we’ll continue — you’ll continue to see the quality of the barrels or profitability of the barrels increase.” But it’s Biden’s fault Posted from my iPhone/Mobile device Jim in CT 03-11-2022, 02:46 PM There are two important things to remember about how oil and gas production work: The government doesn’t place any production limits on oil and gas companies, and there’s no such thing as an immediate production increase. Oil and gas companies decide, all by themselves, whether or not to increase production, and new drilling now generally translates to oil and gas on the market in six to 12 months. A new fracking well takes six to eight months to produce oil, for example. Are there idle wells that could be productive again in less time? Sure. Are there some that were shut down during the pandemic that can be brought back online? Yep. But then we get to the real reasons oil companies aren’t drilling: It’s not government intervention, it’s a combination of money, labor, and materials (shocking, I know). The big fracking companies — Devon, Pioneer, and Continental — burned by multiple boom and bust cycles over the years, pledged in February not to increase production until 2023. “Whether it’s $150 oil, $200 oil, or $100 oil, we’re not going to change our growth plans,” Pioneer CEO Scott Sheffield said during a Bloomberg Television interview. “If the president wants us to grow, I just don’t think the industry can grow anyway.” In ExxonMobil’s February earnings call, Woods said the company’s focus remains on price per barrel over volume. “One of the primary objectives we’ve had in looking at the portfolio is less about volume and volume targets and more about the quality and profitability of the barrels that we’re producing.” he said. “That’s been the focus. And as we move forward, we’ll continue — you’ll continue to see the quality of the barrels or profitability of the barrels increase.” But it’s Biden’s fault Posted from my iPhone/Mobile device "The government doesn’t place any production limits on oil and gas companies" The hell is doesn't. On federal lands and offshore, you have to get a permit. Biden put in place a moratorium on all new permits for federal lands, which necessarily means that production on those lands will be precisely zero. Much of the pricing is supply speculation. When Biden killed the Keystone pipeline and refused to grant any new leases, you didn't need to be Stephen Hawking to conclude that he was not going to be a pro-fossil-fuel guy. "there’s no such thing as an immediate production increase" True. "Oil and gas companies decide, all by themselves, whether or not to increase production" Again, if they are denied permits on federal land, they can't decide to generate oil on that land. "But it’s Biden’s fault" Partly his fault, partly not his fault. Pete, you blamed Trump for covid deaths on his watch, which he had nothing to do with. SO it's OK if yuo blame a sitting president for everything that happens on his watch, even things he doesn't directly control? Much of the skyrocketing price has nothing to do with Biden. But it happened on his watch. The entire left blamed Bush for the subprime mortgage crisis, that helped Obama beat McCain. Bush didn't do anything to contribute to that crisis, but you all blamed him for it. That's how it goes. Similarly, Biden will be blamed for inflation and oil prices. The left had zero reservations about blaming Bush and Trump for things they didn't cause. What's good for the goose... It's one crisis after another, one failure after another. When the fed raises interest rates (which they waited way too long to do), that could cause a recession. Pete F. 03-11-2022, 02:56 PM "The government doesn’t place any production limits on oil and gas companies" The hell is doesn't. On federal lands and offshore, you have to get a permit. Biden put in place a moratorium on all new permits for federal lands, which necessarily means that production on those lands will be precisely zero. Much of the pricing is supply speculation. When Biden killed the Keystone pipeline and refused to grant any new leases, you didn't need to be Stephen Hawking to conclude that he was not going to be a pro-fossil-fuel guy. "there’s no such thing as an immediate production increase" True. "Oil and gas companies decide, all by themselves, whether or not to increase production" Again, if they are denied permits on federal land, they can't decide to generate oil on that land. "But it’s Biden’s fault" Partly his fault, partly not his fault. Pete, you blamed Trump for covid deaths on his watch, which he had nothing to do with. SO it's OK if yuo blame a sitting president for everything that happens on his watch, even things he doesn't directly control? Much of the skyrocketing price has nothing to do with Biden. But it happened on his watch. The entire left blamed Bush for the subprime mortgage crisis, that helped Obama beat McCain. Bush didn't do anything to contribute to that crisis, but you all blamed him for it. That's how it goes. Similarly, Biden will be blamed for inflation and oil prices. The left had zero reservations about blaming Bush and Trump for things they didn't cause. What's good for the goose... It's one crisis after another, one failure after another. When the fed raises interest rates (which they waited way too long to do), that could cause a recession. Now you think that Biden runs the FED? So you are claiming Biden controls Devon, Pioneer, Continental and Exxon? Or just that he should? Or are you just playing victim as you were taught by the Orange Man you don't really like, but will consistently defend. What the producers are saying is that they don't care what the price is as long as it is high, and they will control it by not increasing production. The big fracking companies — Devon, Pioneer, and Continental — burned by multiple boom and bust cycles over the years, pledged in February not to increase production until 2023. “Whether it’s $150 oil, $200 oil, or $100 oil, we’re not going to change our growth plans,” Pioneer CEO Scott Sheffield said during a Bloomberg Television interview. “If the president wants us to grow, I just don’t think the industry can grow anyway.” In ExxonMobil’s February earnings call, Woods said the company’s focus remains on price per barrel over volume. “One of the primary objectives we’ve had in looking at the portfolio is less about volume and volume targets and more about the quality and profitability of the barrels that we’re producing.” he said. “That’s been the focus. And as we move forward, we’ll continue — you’ll continue to see the quality of the barrels or profitability of the barrels increase.” nightfighter 03-11-2022, 07:37 PM Not reading any of the above. (Piss and moan, same players, same arguments and personal attacks) But going to share this to further explain the sticker shock at the supermarket, gas pump, lumberyard, any retail environment that needs truckers to get what they need. This is what it costs to fill up that 18 wheeler.... Jim in CT 03-11-2022, 07:42 PM Now you think that Biden runs the FED? So you are claiming Biden controls Devon, Pioneer, Continental and Exxon? Or just that he should? Or are you just playing victim as you were taught by the Orange Man you don't really like, but will consistently defend. What the producers are saying is that they don't care what the price is as long as it is high, and they will control it by not increasing production. The big fracking companies — Devon, Pioneer, and Continental — burned by multiple boom and bust cycles over the years, pledged in February not to increase production until 2023. “Whether it’s $150 oil, $200 oil, or $100 oil, we’re not going to change our growth plans,” Pioneer CEO Scott Sheffield said during a Bloomberg Television interview. “If the president wants us to grow, I just don’t think the industry can grow anyway.” In ExxonMobil’s February earnings call, Woods said the company’s focus remains on price per barrel over volume. “One of the primary objectives we’ve had in looking at the portfolio is less about volume and volume targets and more about the quality and profitability of the barrels that we’re producing.” he said. “That’s been the focus. And as we move forward, we’ll continue — you’ll continue to see the quality of the barrels or profitability of the barrels increase.” no, i know biden doesn’t control the fed. it they have to start raising interest rates soon, which will slow the economy, only question is by how much. Not Bidens fault, but one more crisis on his watch. Biden is saying Putin caused the inflation. That’s a. lie, we had massive inflation before we started paying attention to ukraine. america isn’t falling for that. Posted from my iPhone/Mobile device Pete F. 03-11-2022, 11:36 PM If you want to get gas for under $3 you might consider Taco Bell. Posted from my iPhone/Mobile device wdmso 03-12-2022, 07:24 AM Biden is saying Putin caused the inflation. Jim only Republicans are pushing this lie and they are the only ones unable to honestly to admit Putins aggression have contributed to inflation in the price of oil Republicans did the same thing with the masks and the vaccine They made suggestions that democrats said masks and the vaccine prevented Covid . Which also never happened But for Republicans to suggest the oil markets increases are not Putins responsibility is just more dishonesty Oil prices have steadily risen for more than two months as the threat of Russian military action became apparent, driving up oil prices more than 40 percent from their early-December lows Consider that since the Russian invasion, the average price of regular gas in the United States had increased 17 percent through Wednesday. It was up 23 percent For the year So Biden’s responsible for a 6% increase is gas ! and Putin is responsible For 17% increase. Again only if you honest which the GOP is not . they know their voters to well. truth and facts don’t work with them. Posted from my iPhone/Mobile device scottw 03-12-2022, 07:35 AM Biden is saying Putin caused the inflation. Posted from my iPhone/Mobile device Joe Biden on Twitter: Jun 4, 2020 — "It's hard to believe this has to be said, but unlike this president, I'll do my job and take responsibility. I won't blame others." there was inflation pre-Putin aggression...democraps dismissed it as transitory...it's just their latest excuse wdmso 03-12-2022, 07:35 AM https://www.nytimes.com/2022/03/09/us/politics/fact-check-republicans-biden-gas.html Republicans Wrongly Blame Biden for Rising Gas Prices They have pointed to the Biden administration’s policies on the Keystone XL pipeline and certain oil and gas leases, which have had little impact on prices. Posted from my iPhone/Mobile device scottw 03-12-2022, 07:38 AM https://www.nytimes.com/2022/03/09/us/politics/fact-check-republicans-biden-gas.html Republicans Wrongly Blame Biden for Rising Gas Prices They have pointed to the Biden administration’s policies on the Keystone XL pipeline and certain oil and gas leases, which have had little impact on prices. Posted from my iPhone/Mobile device oh good...the NY Times...didn't see that coming wdmso 03-12-2022, 07:40 AM Joe Biden on Twitter: Jun 4, 2020 — "It's hard to believe this has to be said, but unlike this president, I'll do my job and take responsibility. I won't blame others." Top bad you can’t accept facts Are you suggesting Putin’s invasion hasn’t cause oil to sky rocket And of course placing blame on putin for the current spike in gas prices is blaming others. What’s next it’s Ukraines fault putin invaded? Posted from my iPhone/Mobile device wdmso 03-12-2022, 07:43 AM oh good...the NY Times...didn't see that coming Classic response ! when the facts presented don’t align with your imagination and your alternative Facts Posted from my iPhone/Mobile device wdmso 03-12-2022, 07:47 AM Joe Biden on Twitter: Jun 4, 2020 — "It's hard to believe this has to be said, but unlike this president, I'll do my job and take responsibility. I won't blame others." there was inflation pre-Putin aggression...democraps dismissed it as transitory...it's just their latest excuse And Covid was going to disappear But that never happened and didn’t seem to upset you.. But bring wrong on transitory inflation .is Upsetting for you . Posted from my iPhone/Mobile device wdmso 03-12-2022, 10:44 AM Petrol prices UK: Fuel hits ‘unbelievable’ record high, as RAC says full tank now costs almost £88 That's 114.74 USD and for a 12 gal tank Northern Ireland fuel and heating oil prices soar – weekly increases revealed Weekly increase of 500L home heating oil £227 Diesel price in Armagh increases by 22p per litre in seven days Petrol up in Derry by 13p per litre in a week Petrol Prices Have Hit A Record-Breaking $3 Per Litre In Australia And Like, What Is Happening To The World "It'll cost me $98 for a full tank, [compared to] peak-COVID, when a full tank was just $40." But Republicans what to suggest to Americans its only happening in The USA and its Biden's Fault Jim in CT 03-12-2022, 01:13 PM Petrol prices UK: Fuel hits ‘unbelievable’ record high, as RAC says full tank now costs almost £88 That's 114.74 USD and for a 12 gal tank Northern Ireland fuel and heating oil prices soar – weekly increases revealed Weekly increase of 500L home heating oil £227 Diesel price in Armagh increases by 22p per litre in seven days Petrol up in Derry by 13p per litre in a week Petrol Prices Have Hit A Record-Breaking $3 Per Litre In Australia And Like, What Is Happening To The World "It'll cost me $98 for a full tank, [compared to] peak-COVID, when a full tank was just $40." But Republicans what to suggest to Americans its only happening in The USA and its Biden's Fault can you point to a single republican, who said it’s only happening in america? Posted from my iPhone/Mobile device Jim in CT 03-12-2022, 01:14 PM And Covid was going to disappear But that never happened and didn’t seem to upset you.. But bring wrong on transitory inflation .is Upsetting for you . Posted from my iPhone/Mobile device Biden also said he was going to beat covid. and to cure cancer. when is that cure coming, do you know? “if I’m elected, we’re going to cure cancer.” well, he was elected. When does he fulfill his promise? my mother in law died of cancer last may, that cure sure would have been nice. Posted from my iPhone/Mobile device wdmso 03-13-2022, 12:28 PM Biden also said he was going to beat covid. and to cure cancer. when is that cure coming, do you know? “if I’m elected, we’re going to cure cancer.” well, he was elected. When does he fulfill his promise? my mother in law died of cancer last may, that cure sure would have been nice. Posted from my iPhone/Mobile device Still on the cancer kick? Once agin anything Biden says it taken literally But anything Trump or the GOP says is hyperbole.. your a broken record Posted from my iPhone/Mobile device wdmso 03-13-2022, 12:33 PM TV coverage amplifies the GOP’s false claims about gas prices Unsurprisingly, the most egregious examples of the media regurgitating right-wing talking points on gas prices often come from Fox News. White House reporter Peter Doocy has parroted oil industry talking points at White House briefings and insinuated that the administration is being dishonest about the cause of inflation Harris Faulkner Did the same thing with Mike Sommers President and CEO at American Petroleum Institute Just parroting his talking points as if he was a Fox contributor Posted from my iPhone/Mobile device wdmso 03-13-2022, 12:36 PM TV news media fails to confront Republicans about their provably false allegations. You simply do not hear TV interviewers ask Republicans: “Since the Keystone XL Pipeline would not have increased supply, why do you keep using its cancellation to attack the White House?” “Energy companies can pump all the oil they want from private lands and even begin drilling on lands with unused leases, so how is this the White House’s fault?” (Even more rarely do you get a succinct explanation that oil prices are set globally in the international marketplace.) Republicans just can’t tell their supporters the Truth. It’s that simple Posted from my iPhone/Mobile device scottw 03-13-2022, 01:13 PM your a broken record Posted from my iPhone/Mobile device there is a lot of humor in this..... scottw 03-13-2022, 01:13 PM TV news media fails to confront Republicans about their provably false allegations. Posted from my iPhone/Mobile device perhaps you should call someone or file a complaint.... Raider Ronnie 03-13-2022, 01:46 PM [QUOTE=wdmso;1224233]Still on the cancer kick? Once agin anything Biden says it taken literally “Once again anything Biden is taken literally” WOW wdmso 03-13-2022, 03:31 PM [QUOTE=wdmso;1224233]Still on the cancer kick? Once agin anything Biden says it taken literally “Once again anything Biden is taken literally” WOW from the Guy who hasn't a clue on how oil prices work :rotflmao: Jim in CT 03-13-2022, 03:51 PM Still on the cancer kick? Once agin anything Biden says it taken literally But anything Trump or the GOP says is hyperbole.. your a broken record Posted from my iPhone/Mobile device “if I’m elected i promise we’re gonna cure cancer.” please tell me how many ways there are to interpret that? how did you interpret that? please enlighten me. Posted from my iPhone/Mobile device Jim in CT 03-13-2022, 03:53 PM TV news media fails to confront Republicans about their provably false allegations. You simply do not hear TV interviewers ask Republicans: “Since the Keystone XL Pipeline would not have increased supply, why do you keep using its cancellation to attack the White House?” “Energy companies can pump all the oil they want from private lands and even begin drilling on lands with unused leases, so how is this the White House’s fault?” (Even more rarely do you get a succinct explanation that oil prices are set globally in the international marketplace.) Republicans just can’t tell their supporters the Truth. It’s that simple Posted from my iPhone/Mobile device still trying to say biden did nothing to hike gas? you’re a broken record. Posted from my iPhone/Mobile device scottw 03-13-2022, 09:08 PM still trying to say biden did nothing to hike gas? Posted from my iPhone/Mobile device "don't underestimate Joe's ability to f**k things up" Barack Obama Jim in CT 03-13-2022, 09:17 PM "don't underestimate Joe's ability to f**k things up" Barack Obama forget build back better, we’d settle for “put things back the way they were when you got here.”. Posted from my iPhone/Mobile device wdmso 03-13-2022, 09:22 PM still trying to say biden did nothing to hike gas? you’re a broken record. Posted from my iPhone/Mobile device Jim can’t understand how and why gas has gone up since Putin invaded .. shocked Posted from my iPhone/Mobile device wdmso 03-13-2022, 09:24 PM “if I’m elected i promise we’re gonna cure cancer.” please tell me how many ways there are to interpret that? how did you interpret that? please enlighten me. Posted from my iPhone/Mobile device Inspirational Jim inspirational So He’s responsible for gas prices But he can’t cure cancer Your a tool Posted from my iPhone/Mobile device scottw 03-13-2022, 09:30 PM So He’s responsible for gas prices But he can’t cure cancer Your a tool Posted from my iPhone/Mobile device "President Trump and his administration are clearly more committed to helping pad the pockets of corporate executives and wealthy shareholders than helping middle-class families. It is time for this president to stand up to OPEC on behalf of the forgotten men and women he promised to remember and do what is necessary to lower gas prices." Chuck You Schumer leftists can't seem to decide if we get so little gas from russia that it can't possibly be the reason for high gas prices or if putin is to blame for high gas prices Jim in CT 03-14-2022, 05:05 AM Inspirational Jim inspirational So He’s responsible for gas prices But he can’t cure cancer Your a tool Posted from my iPhone/Mobile device you’re “inspired” by people who make false promises to desperate and dying americans. that’s a little weird. you claim Trump “fleeced” his supporters, it are “inspired” by any cheap snake oil salesman who’s a democrat. It’s not “fleecing” when democrats make impossible promises. Posted from my iPhone/Mobile device Jim in CT 03-14-2022, 05:07 AM Inspirational Jim inspirational So He’s responsible for gas prices But he can’t cure cancer Your a tool Posted from my iPhone/Mobile device for the 100th time ( will it ever sink in with you?), he’s partly responsible for gas prices. it’s not his fault gas went up when covid waned and demand increased. it’s not entirely his fault that gas went up because russia invaded ukraine. he is 100% responsible for the degree to which gas went up because he is rightly seen as unfriendly to fossil fuels Posted from my iPhone/Mobile device Pete F. 03-14-2022, 09:55 AM for the 100th time ( will it ever sink in with you?), he’s partly responsible for gas prices. it’s not his fault gas went up when covid waned and demand increased. it’s not entirely his fault that gas went up because russia invaded ukraine. he is 100% responsible for the degree to which gas went up because he is rightly seen as unfriendly to fossil fuels Posted from my iPhone/Mobile device You skipped the major price driver The big fracking companies — Devon, Pioneer, and Continental — burned by multiple boom and bust cycles over the years, pledged in February not to increase production until 2023. “Whether it’s $150 oil, $200 oil, or $100 oil, we’re not going to change our growth plans,” Pioneer CEO Scott Sheffield said during a Bloomberg Television interview. “If the president wants us to grow, I just don’t think the industry can grow anyway.” In ExxonMobil’s February earnings call, Woods said the company’s focus remains on price per barrel over volume. “One of the primary objectives we’ve had in looking at the portfolio is less about volume and volume targets and more about the quality and profitability of the barrels that we’re producing.” he said. “That’s been the focus. And as we move forward, we’ll continue — you’ll continue to see the quality of the barrels or profitability of the barrels increase.” Jim in CT 03-14-2022, 09:59 AM You skipped the major price driver The big fracking companies — Devon, Pioneer, and Continental — burned by multiple boom and bust cycles over the years, pledged in February not to increase production until 2023. “Whether it’s $150 oil, $200 oil, or $100 oil, we’re not going to change our growth plans,” Pioneer CEO Scott Sheffield said during a Bloomberg Television interview. “If the president wants us to grow, I just don’t think the industry can grow anyway.” In ExxonMobil’s February earnings call, Woods said the company’s focus remains on price per barrel over volume. “One of the primary objectives we’ve had in looking at the portfolio is less about volume and volume targets and more about the quality and profitability of the barrels that we’re producing.” he said. “That’s been the focus. And as we move forward, we’ll continue — you’ll continue to see the quality of the barrels or profitability of the barrels increase.” what % of america’s production is fracking versus traditional drilling? a si cere question. if that was THE major driver, is there an article that can tell us when that quote was issued, and what happened to the price immediately after? i think the major driver was increased demand after covid started weakening its grip. Posted from my iPhone/Mobile device Pete F. 03-14-2022, 10:38 AM what % of america’s production is fracking versus traditional drilling? a si cere question. if that was THE major driver, is there an article that can tell us when that quote was issued, and what happened to the price immediately after? i think the major driver was increased demand after covid started weakening its grip. Posted from my iPhone/Mobile device The oil producers publicly stated that they wouldn’t increase production because price increased and you need more proof? What did the last guy do when the price of oil went through the floor? What was done then is still affecting the market. Believe it or not, production and supply will achieve a reasonable equilibrium. Or would you would prefer state control? Posted from my iPhone/Mobile device wdmso 03-14-2022, 03:51 PM U.S. oil tumbles more than 8%, dips below $100 per barrel https://www.cnbc.com/2022/03/14/us-oil-tumbles-more-than-8percent-dips-below-100-per-barrel.html Does Biden get the credit? Or only when it goes up? he is 100% responsible for the degree to which gas went up because he is rightly seen as unfriendly to fossil fuels So put a number on the degree he’s responsible please because for Republicans it 100% no matter what Putin did Posted from my iPhone/Mobile device Jim in CT 03-14-2022, 04:56 PM U.S. oil tumbles more than 8%, dips below $100 per barrel https://www.cnbc.com/2022/03/14/us-oil-tumbles-more-than-8percent-dips-below-100-per-barrel.html Does Biden get the credit? Or only when it goes up? he is 100% responsible for the degree to which gas went up because he is rightly seen as unfriendly to fossil fuels So put a number on the degree he’s responsible please no matter what Putin did Posted from mybecause for Republicans it 100% iPhone/Mobile device "Does Biden get the credit? Or only when it goes up?" You know me better than to ask. If he gets blame on the way up. he gets credit on the way down. It's still WAY up on his watch, that's what matters, not what happens on one day. "So put a number on the degree he’s responsible please " Hard to do. In the middle of November 2020 (election time), oil was under $40 a barrel. It's skyrocketed since then. Did you blame Bush for the subprime mortgage crisis in 2008? If so, what did he do, to contribute to it? "because for Republicans it 100% no matter what Putin did" And for democrats, it's 100% on Putin no matter what Biden did. The dems are saying inflation is because of Putin. We had 30-year high inflation before Russia invaded. America's not buying it. I never said it was all Biden, I said 500 times it was mostly an inevitable result of demand increasing post-covid. How many times do I have to say that? wdmso 03-16-2022, 03:21 PM "Does Biden get the credit? Or only when it goes up?" You know me better than to ask. If he gets blame on the way up. he gets credit on the way down. It's still WAY up on his watch, that's what matters, not what happens on one day. that's Flawed Logic He Biden did nothing! to make Oil go up! And Has done nothing to make it go Down... the Markets moved the prices Up and Down .. :thanks: Jim in CT 03-16-2022, 04:57 PM that's Flawed Logic He Biden did nothing! to make Oil go up! And Has done nothing to make it go Down... the Markets moved the prices Up and Down .. :thanks: he made it clear he was going to appease the greenies on the left. Killed a pipeline and ended new leases on public lands. that gives the perception that he’s opposed to fossil fuels. oil prices are based on speculation, at least in part. that was one reason oil went up. not the only reason. but one reason. Posted from my iPhone/Mobile device Pete F. 03-17-2022, 12:41 AM Corporate profits up about $750 billion (annualized) vs. pre-crisis (Q4 '19), about 40%. That represents about $5,800 per household; inflation is about $3,600 per household. Posted from my iPhone/Mobile device Jim in CT 03-17-2022, 05:16 AM Corporate profits up about $750 billion (annualized) vs. pre-crisis (Q4 '19), about 40%. That represents about $5,800 per household; inflation is about $3,600 per household. Posted from my iPhone/Mobile device if those oil profits are global, and you divided them by US households, you badly distorted your numbers. you have to divide profits by the total number of customers, including businesses like tr#^&#^&#^&#^&#^&g companies, municipalities, cab companies, shipping companies, etc. what was inflation under trump, compared to Biden? Posted from my iPhone/Mobile device Pete F. 03-17-2022, 11:47 AM Google is available The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office. For whatever reason this doesn't get mentioned in the context of rising prices Posted from my iPhone/Mobile device Jim in CT 03-17-2022, 12:05 PM Google is available The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office. For whatever reason this doesn't get mentioned in the context of rising prices Posted from my iPhone/Mobile device You made the post, without providing support. Gee, I wonder why? The average American household isn't spending $5,800 more on gas than at the end of 2019. "The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office." I'm also worth more, I loaded up on oil futures when he beat Trump, anyone could have seen that coming. "For whatever reason this doesn't get mentioned in the context of rising prices" Same reason why you don't mention what happened to their net worth from 2019-2020. Oil companies do well when oil is high. Not a shock. wdmso 03-18-2022, 08:35 AM You made the post, without providing support. Gee, I wonder why? The average American household isn't spending $5,800 more on gas than at the end of 2019. "The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office." I'm also worth more, I loaded up on oil futures when he beat Trump, anyone could have seen that coming. "For whatever reason this doesn't get mentioned in the context of rising prices" Same reason why you don't mention what happened to their net worth from 2019-2020. Oil companies do well when oil is high. Not a shock. jim type in The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office. its at the top of google how easy was that Jim in CT 03-18-2022, 08:59 AM jim type in The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office. its at the top of google how easy was that i dont dispute that. if you want what they have, do what they did. or stop whining about it. envy isn’t healthy. if you didn’t buy oil when it was at $35, you missed out. remember that next time. i’d like to see data that the average american household is paying $5800 more per year on gas. i don’t believe that math. that’s what i dispute. i think he made it up. Posted from my iPhone/Mobile device Pete F. 03-18-2022, 09:18 AM Corporate profits up about $750 billion (annualized) vs. pre-crisis (Q4 '19), about 40%. That represents about $5,800 per household; inflation is about $3,600 per household. Posted from my iPhone/Mobile device i dont dispute that. if you want what they have, do what they did. or stop whining about it. envy isn’t healthy. if you didn’t buy oil when it was at $35, you missed out. remember that next time. i’d like to see data that the average american household is paying $5800 more per year on gas. i don’t believe that math. that’s what i dispute. i think he made it up. Posted from my iPhone/Mobile device Where did I say it was only gas? Jim in CT 03-18-2022, 09:28 AM Where did I say it was only gas? you didn’t. but we were talking about gas. my bad. so what’s your point? that under biden, american families are getting slammed? we already knew that. the $8b increase in net worth for 18 ceos? it’s mostly due to stock prices. they didn’t steal it from you pete. do you seriously not get that? stick price increases help everyone who owns the stock. Posted from my iPhone/Mobile device Pete F. 03-18-2022, 09:49 AM you didn’t. but we were talking about gas. my bad. so what’s your point? that under biden, american families are getting slammed? we already knew that. the $8b increase in net worth for 18 ceos? it’s mostly due to stock prices. they didn’t steal it from you pete. do you seriously not get that? stick price increases help everyone who owns the stock. Posted from my iPhone/Mobile device Stock prices are not the same as corporate profits though they can be driven by increases in volume, increases in profitability or stock buybacks. Stock buybacks do little to ensure the future viability of a corporation, since they are made instead of capital investments. Guess what corporate America’s doing Posted from my iPhone/Mobile device Jim in CT 03-18-2022, 10:11 AM Stock prices are not the same as corporate profits though they can be driven by increases in volume, increases in profitability or stock buybacks. Stock buybacks do little to ensure the future viability of a corporation, since they are made instead of capital investments. Guess what corporate America’s doing Posted from my iPhone/Mobile device You were complaining about the increase in net worth of CEOs of the largest companies. Their net worth is usually tied to stock prices, because they have tons of options. They didn't make $8B in ordinary income this year. "Stock buybacks do little to ensure the future viability of a corporation" So you know more than the CFOs of those publicly traded companies. Sure, why not! Stock buybacks are usually a sign that a company thinks it's in a good place. Stock buybacks aren't the evil boogeyman liberals paint them to be. They can be beneficial to everyone who owns stock. Pete F. 03-18-2022, 11:18 AM You were complaining about the increase in net worth of CEOs of the largest companies. Their net worth is usually tied to stock prices, because they have tons of options. They didn't make $8B in ordinary income this year. "Stock buybacks do little to ensure the future viability of a corporation" So you know more than the CFOs of those publicly traded companies. Sure, why not! Stock buybacks are usually a sign that a company thinks it's in a good place. Stock buybacks aren't the evil boogeyman liberals paint them to be. They can be beneficial to everyone who owns stock. The same guys didn't invest in american industry after the 50s and 60s and sent American jobs overseas and claimed it was beneficial to everyone. Look around New England at the woolen business, machine tool industry, stone business, wire, etc. All gone because of a failure to make capitol investments and improvements. Jim in CT 03-18-2022, 11:22 AM The same guys didn't invest in american industry after the 50s and 60s and sent American jobs overseas and claimed it was beneficial to everyone. Look around New England at the woolen business, machine tool industry, stone business, wire, etc. All gone because of a failure to make capitol investments and improvements. can you tell me which 8 companies have the ceo’s you’re referring to? those companies aren’t investing in awrica? how many americans work at those 8 companies? pete, you are free to start your own business. since you’re so much smarter than those guys, surely you’ll be a rapid success and not to the way of David Hoags pillow company. American manufacturing is gone because we globalized them economy. Americans want low prices, which means cheap labor. no amount of investment overcomes that. Posted from my iPhone/Mobile device Pete F. 03-19-2022, 06:12 AM can you tell me which 8 companies have the ceo’s you’re referring to? those companies aren’t investing in awrica? how many americans work at those 8 companies? pete, you are free to start your own business. since you’re so much smarter than those guys, surely you’ll be a rapid success and not to the way of David Hoags pillow company. American manufacturing is gone because we globalized them economy. Americans want low prices, which means cheap labor. no amount of investment overcomes that. Posted from my iPhone/Mobile device Exactly the mindset that got us here But it’s nothing new "As one digs deeper into the national character of the Americans, one sees that they have sought the value of everything in this world only in the answer to this single question: how much money will it bring in?" -Alexis de Tocqueville, 1831 Posted from my iPhone/Mobile device detbuch 03-19-2022, 08:51 AM Exactly the mindset that got us here But it’s nothing new "As one digs deeper into the national character of the Americans, one sees that they have sought the value of everything in this world only in the answer to this single question: how much money will it bring in?" -Alexis de Tocqueville, 1831 Posted from my iPhone/Mobile device Another observation by Alexis de Tocqueville regarding the Progressive mindset you wish would replace the original American one: "Any measure that establishes legal charity on a permanent basis and gives it an administrative form thereby creates an idle and lazy class, living at the expense of the industrial and working class." Jim in CT 03-19-2022, 12:22 PM Exactly the mindset that got us here But it’s nothing new "As one digs deeper into the national character of the Americans, one sees that they have sought the value of everything in this world only in the answer to this single question: how much money will it bring in?" -Alexis de Tocqueville, 1831 Posted from my iPhone/Mobile device pete, do you ever buy anything where you can get the best deal? money isn’t all i think about. but i don’t like to overpay either. Posted from my iPhone/Mobile device Jim in CT 03-19-2022, 12:22 PM Another observation by Alexis de Tocqueville regarding the Progressive mindset you wish would replace the original American one: "Any measure that establishes legal charity on a permanent basis and gives it an administrative form thereby creates an idle and lazy class, living at the expense of the industrial and working class." i’d truly like to see his comeback to that one. Posted from my iPhone/Mobile device Pete F. 03-19-2022, 01:31 PM Never fear DeToqueville would be more concerned about the creation of an American ruling class of Oligarchs that seek to rule the industrial and working class through control of the political process than the powerless bottom of society. There’s a reason wealth has been flowing away from the middle class for the last 40 years Posted from my iPhone/Mobile device wdmso 03-19-2022, 02:02 PM https://www.npr.org/2022/03/19/1086925726/gas-prices-oil-crude-drilling Here are 3 reasons why Big Oil can't just drill more to ease the pain at the gas pump The point from which you drill a rig to the point that you can turn it online, it takes about six to eight months typically, The number of workers producing oil and gas had been steadily decreasing since 2015. "Energy companies were very afraid to ramp production because they were going to get punished by investors, those same investors that may now prevent oil companies from boosting production too much, even as others push for a "drill, baby, drill" Jim in CT 03-19-2022, 06:46 PM https://www.npr.org/2022/03/19/1086925726/gas-prices-oil-crude-drilling Here are 3 reasons why Big Oil can't just drill more to ease the pain at the gas pump The point from which you drill a rig to the point that you can turn it online, it takes about six to eight months typically, The number of workers producing oil and gas had been steadily decreasing since 2015. "Energy companies were very afraid to ramp production because they were going to get punished by investors, those same investors that may now prevent oil companies from boosting production too much, even as others push for a "drill, baby, drill" if the biden administration hadn’t put a moratorium on new leases when they took office in january 2021 ( more than 6 to 8 months ago), how much more might we be producing? it’s also speculative pricing wdmso, you know those. pricing is based, in part, on a the speculation of what supply will be. Not one person in the world believed that Biden was going to increase oil production. Every sane person believed production would decrease. that’s going to increase price, all other things being equal. you can’t win this. it’s a lie to say biden caused all of it. it’s also a lie to say he had no hand in it. Posted from my iPhone/Mobile device wdmso 03-19-2022, 07:44 PM if the biden administration hadn’t put a moratorium on new leases when they took office in january 2021 ( more than 6 to 8 months ago), how much more might we be producing? it’s also speculative pricing wdmso, you know those. pricing is based, in part, on a the speculation of what supply will be. Not one person in the world believed that Biden was going to increase oil production. Every sane person believed production would decrease. that’s going to increase price, all other things being equal. you can’t win this. it’s a lie to say biden caused all of it. it’s also a lie to say he had no hand in it. Posted from my iPhone/Mobile device biden administration hadn’t put a moratorium on new leases when they took office in january 2021 ( more than 6 to 8 months ago), how much more might we be producing? None ! Jim your still clinging to a lie The oil companies had plenty of unused leases they decided not to use them . It’s that simple Posted from my iPhone/Mobile device detbuch 03-19-2022, 09:03 PM Never fear DeToqueville would be more concerned about the creation of an American ruling class of Oligarchs that seek to rule the industrial and working class through control of the political process than the powerless bottom of society. There’s a reason wealth has been flowing away from the middle class for the last 40 years Posted from my iPhone/Mobile device You're blaming de Tocqueville for the last 40 years? So it took 150 years for de Tocqueville's concerns to kick in? So the "national character" of Americans that he spoke of had nothing to do with that first 150 years which led to the creation of the American middle class? But, in the last 40 years, our national character finally kicked in to start the destruction of the middle class (the nation of shopkeepers de Tocqueville referred to) that had somehow supposedly been created in spite of 150 years of an entrenched and revered American national character? Actually, what followed the first century of growth through domination by the American national character was the rise and ultimate dominance of American Progressivism. It is that Progressivism, with its required growth of the federal government's size and scope of power--the centralization of American governmental power--resulting (over the last 40 years) in our present administrative state with its highest and most powerful than ever regulatory grip on the American economy accompanied by its inevitable marriage to the larger centralized corporations that have resulted from the failure of the many, more diversified, smaller businesses due to excessive regulatory burdens. And thus the shrinking of the American middle class. De Tocqueville's notion of an original American national character had less to do with it than the shrinking of the American constitutional character that has been reinterpreted and squashed by the necessities of Progressive authoritarianism. Jim in CT 03-20-2022, 06:20 AM biden administration hadn’t put a moratorium on new leases when they took office in january 2021 ( more than 6 to 8 months ago), how much more might we be producing? None ! Jim your still clinging to a lie The oil companies had plenty of unused leases they decided not to use them . It’s that simple Posted from my iPhone/Mobile device what if the unused leases are unused, because they aren’t as promising as the leases that biden denied. how could you possibly know that’s not the case? somehow, you know that all the leases that biden denied, in total, wouldn’t have produced a drop? you know this? your making stuff up off of thin air. had any democrat ever made a bad call in your opinion? ever? all you do is praise democrats and bash republicans. the oil pricing responded to bidens actions, the way everyone knew they would. because he’s hostile to fossil fuel. no worries, Buttigieg says we can save money by taking the bus. because that’s practical for everyone. there are no buses in my town. in a few months we’ll find out who america believes. Posted from my iPhone/Mobile device Pete F. 03-20-2022, 10:49 AM You're blaming de Tocqueville for the last 40 years? So it took 150 years for de Tocqueville's concerns to kick in? So the "national character" of Americans that he spoke of had nothing to do with that first 150 years which led to the creation of the American middle class? But, in the last 40 years, our national character finally kicked in to start the destruction of the middle class (the nation of shopkeepers de Tocqueville referred to) that had somehow supposedly been created in spite of 150 years of an entrenched and revered American national character? Actually, what followed the first century of growth through domination by the American national character was the rise and ultimate dominance of American Progressivism. It is that Progressivism, with its required growth of the federal government's size and scope of power--the centralization of American governmental power--resulting (over the last 40 years) in our present administrative state with its highest and most powerful than ever regulatory grip on the American economy accompanied by its inevitable marriage to the larger centralized corporations that have resulted from the failure of the many, more diversified, smaller businesses due to excessive regulatory burdens. And thus the shrinking of the American middle class. De Tocqueville's notion of an original American national character had less to do with it than the shrinking of the American constitutional character that has been reinterpreted and squashed by the necessities of Progressive authoritarianism. With the Citizen united decision corporations acquired the ability to own politicians, Russia did also Posted from my iPhone/Mobile device Pete F. 03-20-2022, 10:56 AM BREAKING: as a result of the trucker’s protest, President Biden has agreed to lower gas prices to $3 on Monday. Posted from my iPhone/Mobile device detbuch 03-20-2022, 05:36 PM With the Citizen united decision corporations acquired the ability to own politicians, Russia did also Posted from my iPhone/Mobile device So then it's not, as you implied, the national character of early to mid 20th century Americans , it's the corporations owning politicians since 2010 that resulted in the shrinking middle class? Did the corporations own the Democrat politicians in 2020? Seems like if the corporations have the ability to own politicians, they would own all of them from both parties. Also seems that politicians essentially are competing for positions of high paid slavery. And so, it seems that the country is one big plantation. The corporations own the politicians; the politicians do the corporations' bidding and pass regulations that benefit the corporations. And so, instead of a free market competition of a vast number of diverse businesses of all sizes, and a government harnessed by several separations of power and specifically limited constitutional limitations, we have less of the diversity in businesses of varying value, but fewer and larger businesses which centralize the production and sale of products and a larger centralized governmental system with power well beyond that granted in the Constitution. Sounds like something that would suit Progressive authoritarianism quite well. Pete F. 03-20-2022, 08:50 PM So then it's not, as you implied, the national character of early to mid 20th century Americans , it's the corporations owning politicians since 2010 that resulted in the shrinking middle class? Did the corporations own the Democrat politicians in 2020? Seems like if the corporations have the ability to own politicians, they would own all of them from both parties. Also seems that politicians essentially are competing for positions of high paid slavery. And so, it seems that the country is one big plantation. The corporations own the politicians; the politicians do the corporations' bidding and pass regulations that benefit the corporations. And so, instead of a free market competition of a vast number of diverse businesses of all sizes, and a government harnessed by several separations of power and specifically limited constitutional limitations, we have less of the diversity in businesses of varying value, but fewer and larger businesses which centralize the production and sale of products and a larger centralized governmental system with power well beyond that granted in the Constitution. Sounds like something that would suit Progressive authoritarianism quite well. Then why is it enabled by both parties? Posted from my iPhone/Mobile device detbuch 03-20-2022, 09:35 PM Then why is it enabled by both parties? Posted from my iPhone/Mobile device Insofar as it might actually be the case (I did pose it as questions directed to you), because: Both parties and the SCOTUS have, to varying degrees, abandoned our constitutional order. As well, political office has become a path to lifetime employment--during and then after tenure and into retirement. And, mostly, Progressivism is winning the battle versus constitutionalism. And a lot of politicians are either corrupt or corruptible, which may always have been true, or might be more so than ever. scottw 03-23-2022, 06:21 AM I think what we really need to do is decolonize chemistry..... vBulletin® v3.8.7, Copyright ©2000-2025, vBulletin Solutions, Inc.
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