- Mar 25, 2017
- Reaction score
Damn, time to move to Florida.Up to $2.72 in Daytona now.Note the dates.So you agree with me that the USA should produce more of our own oil. Cool.The oil industry actually hasn’t done that well under TrumpBullshit.There is a reason that the Keystone Oil Sands Oil is going for 29 bucks a barrel. It's dirty, real dirty and hard and expensive to process into fuels. It's just one step above processing Coal for fuel. About the only use for it is in plastics and such and that's expensive. It would be exported to countries that are pretty much not able to buy off the world oil market, as in 3rd world countries that no one else wants to do business with. Not one ounce of that oil will be processed in the US. It was always to be put on oil barges and exported. The US has zero use for it and Canada really doesn't either but they have it. It's right up there with the Tar Pits in California that bubbles to the surface and all we do is build fences around it to prevent your stupid children from going for a swim.Biden shutting down pipelines means look less fuel in the market. That means higher prices.You aren't taking into consideration that most of the taxes on a gallon of gas are done by the States. The Federal Government only does an 18.7 cent per gallon but more of the states are much higher. And most states are considering raising those taxes even higher. Some already have and will raise them even more.I heard $4.50/gal by July 4th. Millions of Biden voters are saying....."I didn't vote for that". Yes you did, you dumb cockroach.
We are now driving more. And if we drive more, the demand goes up even if the supply stays the same. When the demand goes up so does the price. I imagine, after things normalize, the gas prices will settle to about just over 3 bucks a gallon.
View attachment 464899Energy executives say the White House has set up a system where only a relative handful of favorite energy executives have access to people who can shape policy.www.politico.com
Oct 27, 2020 · Trump has certainly promised to boost the fortunes of fossil fuels. He’s bragged about record energy production during rallies with oil-patch voters in states like Pennsylvania and Texas, while...
Obama didn't do anything.. The ppb went up so the US oilmen borrowed money and began exploration and drilling.Once again how did obama do it?Crude oil production in the United States increased in 8 of the past 10 years. In 2020, however, responses to COVID-19 contributed to the rapid decline in demand for refined petroleum products. As a result, crude oil prices fell to their lowest annual average since 2003, refinery runs decreased, and crude oil production was curtailed, which is documented in the complete set of final 2020 monthly data in the U.S. Energy Information Administration’s (EIA) recently released Petroleum Supply Monthly (Figure 1). Crude oil production in the United States in 2020 fell to its lowest monthly average during May when it was 10.0 million barrels per day (b/d), and it remained less than 11.0 million b/d until November. In 2020, U.S. crude oil production averaged 11.3 million b/d, 0.9 million b/d less than in 2019.--https://www.eia.gov/petroleum/weekly/President Biden is already boosting oil prices, and he’s barely gotten started.
Biden has pushed those prices, which were already rising because of severe weather, even higher by gratuitously alienating Saudi Arabia. The Gulf kingdom just surprised energy markets by announcing it would not raise oil output, despite developing supply constraints and rising prices. Oil prices jumped on the news, popping 4 percent to pre-pandemic levels for the first time in a year; the surge rattled markets already nervous about rising inflation.
Thanks Joe that's what America needs...ya fricken clown.
As gas prices soar, Americans can blame Joe Biden
Oil production should be ramping up the most in Red States who disbelieve in the pandemic.
Of course the idiot did something, he made the Iran nuclear deal that pissed off the Saudis and they flooded the market.
EIA: U.S. Net Oil Imports to Drop to Lowest Levels in 60 ...
Jul 10, 2018 · U.S. net oil imports are projected to drop by nearly 60 percent next year compared to 2017, falling to their lowest levels since 1958, the U.S. Energy Information Administration said Tuesday in
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