$125/barrel and rising.

[Pete F.]

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.
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[Raider Ronnie]

Originally Posted by Pete F.

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.
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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
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[wdmso]

Originally Posted by Raider Ronnie

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
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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.

let me guess xray vision

[Nebe]

Originally Posted by wdmso

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.

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).
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[wdmso]

Originally Posted by Nebe

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).
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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

[detbuch]

Originally Posted by Nebe

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).
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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.

[wdmso]

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/a...trumps-claims/

U.S. Is Not “Energy Independent,” Despite Trump’s Claims

[Jim in CT]

Originally Posted by wdmso

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/a...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.
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[wdmso]

Originally Posted by Jim in CT

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.
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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/clima...biden-climate/

all you do is regurgitate GOP talking points

[Jim in CT]

Originally Posted by wdmso

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/clima...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.

[Jim in CT]

Originally Posted by Pete F.

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.
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[Pete F.]

Originally Posted by Jim in CT

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.
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Seven years
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[Jim in CT]

Originally Posted by Pete F.

Seven years
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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.
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[Pete F.]

Originally Posted by Jim in CT

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.
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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.
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