CNN Forced to Report 4th of July Gas Prices at Four-Year Low

[Mac-7]

How is our electricity generated?

1-5% courtesy of the Lost Secrets of Atlantis, aka solar and wind

The rest is from old fashioned hydro, nuclear and fossil fuels

 

[TheProgressivePatriot]

Unleashed "drill baby drill" from the restraints of the FJB administration. Trump’s executive orders aimed to boost U.S. oil and gas production by easing regulations.

I'm sure it's much more nuanced than that but that was the main catalyst.

You have no idea what you're talking about. You're just spewing MAGA talking points w/ no regard for the facts, Have you no shame? Never mind, I know the answer













The decrease in gas prices is not primarily due to increased drilling in the US. While increased domestic oil production can influence prices, the global market and other factors play a more significant role.

Here's why:

• Global Commodity:
  Oil and gas are global commodities, meaning their prices are determined by international supply and demand, not just US production.
  
  
• Refinery Capacity:
  US refineries are operating at or near maximum capacity, limiting the impact of increased crude oil production on gasoline prices, according to the U.S. Energy Information Administration (EIA).
• 
  
• While some argue that increased drilling would lead to lower prices, experts generally agree that the global market and other factors have a greater impact.
  
  
• Global Demand:
  Recovering economies worldwide, especially in developing nations, are driving up demand for oil, which can offset any gains from increased US production.
  
  
• Investor Pressure:
  Some experts suggest that oil companies may not be investing in new drilling projects due to investor pressure for profits and not wanting to oversupply the market, according to Food & Water Watch.

Here is more

can the us refine its own oil

Yes, the US has the capacity to refine its own oil
. However, the situation is more nuanced than a simple yes or no answer.
Here's why:

• Refinery Capacity: The United States has a large and sophisticated refining industry with the capacity to process a significant portion of the oil it produces. According to the EIA, U.S. operable atmospheric crude oil distillation capacity totaled 18.4 million barrels per calendar day (b/cd) at the start of 2024.
• Crude Oil Types: US refineries were primarily built to handle "heavy" crude oil, which was historically imported. Domestically produced crude oil tends to be "light". This means that to maximize efficiency and profit, refineries often need to import heavy crude to blend with domestic light crude.

 

[DonGlock26]

1-5% courtesy of the Lost Secrets of Atlantis, aka solar and wind

The rest is from old fashioned hydro, nuclear and fossil fuels

Wait what? Where did all the money invested on "Green Energy" go?

 

[Mac-7]

Wait what? Where did all the money invested on "Green Energy" go?

Into some greenies pocket

 

[1srelluc]

You have no idea what you're talking about. You're just spewing MAGA talking points w/ no regard for the facts, Have you no shame? Never mind, I know the answer

You asked, I told you.....If you can't manage to be civil then bugger-off Tosser.

Oh and BTW, Trump worked a deal with the Saudis to increase production. A wilful POTUS can do a lot, unlike the weak sisters you support with your green scam.

With Extra Oil, Trump Already Has His Big Saudi Win

Before leaving Washington, Trump had already secured a key win from Riyadh: extra crude oil that helped drive down prices. For Saudi Arabia, boosting output delivers a double benefit—earning Trump’s favor and regaining market share from U.S. exporters.

www.csis.org

 

[konradv]

How is our electricity generated?

It’s cleaner than gas.

 

[konradv]

BlueAnon lies!

Oil being a finite resource is fact.

 

[konradv]

It fits

Trump cant take the heat?

To call it babbling is being generous

Trump is falling apart.

 

[DonGlock26]

It’s cleaner than gas.

How is our electricity generated?

 

[konradv]

How is our electricity generated?

Many different ways. You know the answer. You’re lack of knowledge is unconvincing, but you have to toe the party line.

 

[DonGlock26]

Many different ways. You know the answer. You’re lack of knowledge is unconvincing, but you have to toe the party line.

Nothing from you? Laughable.

 

[konradv]

Nothing from you? Laughable.

I don’t see you making a compelling case, just MAGA propaganda.

 

[TheProgressivePatriot]

You asked, I told you.....If you can't manage to be civil then bugger-off Tosser.

Oh and BTW, Trump worked a deal with the Saudis to increase production. A wilful POTUS can do a lot, unlike the weak sisters you support with your green scam.

With Extra Oil, Trump Already Has His Big Saudi Win

Before leaving Washington, Trump had already secured a key win from Riyadh: extra crude oil that helped drive down prices. For Saudi Arabia, boosting output delivers a double benefit—earning Trump’s favor and regaining market share from U.S. exporters.

www.csis.org

So much for that "drill baby drill" bullshit And you have to wonder what the Saudis have extracted from Trump in return.

 

[1srelluc]

So much for that "drill baby drill" bullshit And you have to wonder what the Saudis have extracted from Trump in return.

I suspect regional security/arms deals. That and they are gonna invest 600B in the US.

Trump get's shit done.

 

[konradv]

I suspect regional security/arms deals. That and they are gonna invest 600B in the US.

They’re investing in Trump, not the US.

 

[San Souci]

About $3 in Tampa.

Still 4.44 here--But I live in CommieFornia. Thanx ,Gavin.

 

[San Souci]

They’re investing in Trump, not the US.

In Donald We Trust.

 

[ColonelAngus]

Still 4.44 here--But I live in CommieFornia. Thanx ,Gavin.

$3.17 today here

 

[marvin martian]

Still 4.44 here--But I live in CommieFornia. Thanx ,Gavin.

When does the new state gas tax kick in?

 

[konradv]

In Donald We Trust.

Blasphemy!