It's already started..."gas prices gradual adjustment" as Obama wanted!

I am so glad that Biden is stupid.

What results from high gas prices?



.



Wait for it...



.



giphy.gif


Texas-Flag-Small.gif


giphy.gif


raining-money.gif


Biden's gonna fund Texas secession.

:banana:
As much as I hate to say it, I might have to move back to TX.
Come on back.

As foreign powers try to tighten the world's energy supply, we get richer. It's literally a no-lose situation.
 
1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334

Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.
We are not dependent on the Arabs anymore. We will be in a yr. What you dumb asses voted for.
 
1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334

Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.
You mean Biden didn't just direct the price increase? I'm shocked. Myth normally has his hands directly on market forces.
He's got both hands full trying to find his own ass.
 
1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334

Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.
But you proved my point! Cut back production raises costs! Thanks!!!
Biden wants to cut back Federal exploration which reduces production which...thank.you! Increases gas prices!
Simple! And you voted for Biden/Obama to RAISE your gas prices right???View attachment 443363

Right now, we have a tremendous amount of oil wells and Shale that is dormant. They know where it is,no exploration required. Until that oil is finally tapped through Demand, why would anyone spend a dime on Exploration. Maybe later it may be necessary but not in the next X number of years. Like ALL oil production, you go for the easy stuff first. And we have an excess in the "Easy" stuff. Once the demand nears exceeding the supply then Exploration funds need to be spent. But we are X number of years from that point.
So why does ONE president sign more oil and gas leases and geez coincidently gas prices drop. While the previous president and his minion want to STOP oil and gas exploration? Hmmmm could be they are in on the likes of a
Gore Carbon derivatives scheme, with his son Hunter in the lead? Hmmm... as President, simply reducing federal land exploration leases INCREASES CO2 derivatives costs!
 
Presidents have no direct influence on Pump Prices. What's going to drive the pump prices up is the demand is going to increase as we drive more and need more. And that's going to happen once the vaccine is widely used. It's economy driven. The Healthier the Economy, the more we use fuel, the higher the prices. Right now, we are just above rock bottom but things are going to get better but through very little effort from any one President.

The cost of a barrel of oil is at it's lowest point. The Market had to put a number on it when actually, it's almost worthless. The storage tanks are full near the refineries, railroad cars are parked full of the crude. Our Oil Industry here (the origin end) is bust and barely operating. We have oil wells capped and ready for production but no reason to turn the pumps on or lay any new pipe to transport it. Why? The Economy, stupid.

And what is the one thing that can get the Economy going again? Getting more people working on good paying jobs, not just low paying service jobs. And what keeps that from happening? The fact that no CEO wishes to be known as the Central Distributor for Covid 19. Now we are finally back to the real problem. And there are going to be some changes in the next 6 months to get a handle on Covid. When that happens, the cost of gas at the pump will go up because the Demand for it also goes up. It's simple Economics 101.







What an ignorant thing to claim. Yes, they do. Policies they enact have direct impact on fuel prices you semi sentient clown.
 
1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334

Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.





So what. We are self sufficient thanks to Trump! You ignorant twat.
 
1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334

Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.
We are not dependent on the Arabs anymore. We will be in a yr. What you dumb asses voted for.
Agree 100% Read what Obama's boss said about energy independence!
  • The most direct impact on increasing Americans' dependence on "oil companies" and foreign oil. “And when you’re ready to start selling, we want to be one of your best customers,” said Obama to Brazil.
 
We Aggies may feel compelled to give Joe Biden an honorary doctorate for exploding donations and revenue to the point where the entire campus will be paved in gold.
 
1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334

Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.
We are not dependent on the Arabs anymore. We will be in a yr. What you dumb asses voted for.
Agree 100% Read what Obama's boss said about energy independence!
  • The most direct impact on increasing Americans' dependence on "oil companies" and foreign oil. “And when you’re ready to start selling, we want to be one of your best customers,” said Obama to Brazil.
Just like 15 bucks an hour for the restaurants left hanging by a thread. Look what they voted for.

Mancin has to cross the line to save us. Remember me if he does it. Pray.
 
1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334

Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.
We are not dependent on the Arabs anymore. We will be in a yr. What you dumb asses voted for.
I don't believe we will be dependent on the Arabs because of Biden. We have too much domestic production that is idle right now and the prices doesn't justify it. However, I could see Biden admin increasing fuel taxes to the point that the US equals Arab prices. That would be the MIDDLE CLASS TAX INCREASE that Biden assures us won't happen.
 
1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334

Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.
We are not dependent on the Arabs anymore. We will be in a yr. What you dumb asses voted for.
I don't believe we will be dependent on the Arabs because of Biden. We have too much domestic production that is idle right now and the prices doesn't justify it. However, I could see Biden admin increasing fuel taxes to the point that the US equals Arab prices. That would be the MIDDLE CLASS TAX INCREASE that Biden assures us won't happen.
Whatever they do they'll fuck it up big time no matter what.Lol
 
1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334

Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.
We are not dependent on the Arabs anymore. We will be in a yr. What you dumb asses voted for.
I don't believe we will be dependent on the Arabs because of Biden. We have too much domestic production that is idle right now and the prices doesn't justify it. However, I could see Biden admin increasing fuel taxes to the point that the US equals Arab prices. That would be the MIDDLE CLASS TAX INCREASE that Biden assures us won't happen.
Yep.

When they try to clamp down on global production to increase prices, it does nothing to demand. Texas just gets a huge pay raise and a much bigger market share.

The one outlier is a REVERSE tariff on gas, like you suggest.
 
Presidents have no direct influence on Pump Prices. What's going to drive the pump prices up is the demand is going to increase as we drive more and need more. And that's going to happen once the vaccine is widely used. It's economy driven. The Healthier the Economy, the more we use fuel, the higher the prices. Right now, we are just above rock bottom but things are going to get better but through very little effort from any one President.

The cost of a barrel of oil is at it's lowest point. The Market had to put a number on it when actually, it's almost worthless. The storage tanks are full near the refineries, railroad cars are parked full of the crude. Our Oil Industry here (the origin end) is bust and barely operating. We have oil wells capped and ready for production but no reason to turn the pumps on or lay any new pipe to transport it. Why? The Economy, stupid.

And what is the one thing that can get the Economy going again? Getting more people working on good paying jobs, not just low paying service jobs. And what keeps that from happening? The fact that no CEO wishes to be known as the Central Distributor for Covid 19. Now we are finally back to the real problem. And there are going to be some changes in the next 6 months to get a handle on Covid. When that happens, the cost of gas at the pump will go up because the Demand for it also goes up. It's simple Economics 101.
How do you explain the increased travel/demand during the Trump administration and the lowest gas prices since Clinton? You are naive if you think that gas leases approved/increased domestic production and refineries built do not affect prices. Re: good paying jobs--the US has been farming out it's production to China for 30 years. We don't make diddley in the US anymore. We have become a nation of burger flippers for burger flippers. A nation that produces nothing is destined to fail.

You aren't looking at the underlying reasons on any of this.

At he beginning of Rumps time, the travel did increase. In 2017 it showed an increase. But Rump had nothing to do with that. The Economy was on the rise with or without Rump. The best thing Rump did was he didn't break it. Oh, he talked and bragged a lot but the economy was going to grow anyway. Hence the increase in production in Petro Products because the demand went up and the supply had to follow.

But something happened during that time period. The rest of the world used less because their economies were terrible. With the demand going down globally, the US was able to crank up it's Shale Oil Production which has more potential than all the rest of the world's oil reserves. And the US had programs to tap into that already. With the oil prices being low enough, production started and the US became either the #1 or the #2 Oil exporter in the world. I believe that Saudi Arabia fights for that title from time to time. For the first time, we had more oil tankers going out than coming in. We had been headed that direction long before Rump became President. So the supply became even higher than the demand.

Now, let's look at what caused the good paying jobs to leave the US. For that we have to go back at least 40 years, not 30. Before, we had regulations that prevented many of the Corporations from find such lucrative advantages moving their production over seas. During Reagans years, the Feds lowered the Regs and it took the Industries 10 years to figure out that they could make insane profits by moving their organizations and productions to Asia. China welcomed it with open arms. At the time, the lessening of those Regs was a good thing but they let it go on for far too long until it became chiseled in stone and became detrimental. I won't go into what those regs are since you will just argue your fool head off anyway.

Today, the damage is done and in order to correct it there is going to have to be some painful times ahead. I don't condemn Rump on his Tariffs. I condemn him on his methods and reasoning in emplementing them. I have said all along that we need to reward those that stayed in the US, reward those that return to the US and tax the others into non existence which would force then to move back to the US. And to put a 25% Tariff on select Imports on a temporary basis. What we got, instead, was a friggin mess and everyone got pissed off and hurt.
 
1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334

Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.
But you proved my point! Cut back production raises costs! Thanks!!!
Biden wants to cut back Federal exploration which reduces production which...thank.you! Increases gas prices!
Simple! And you voted for Biden/Obama to RAISE your gas prices right???View attachment 443363

Right now, we have a tremendous amount of oil wells and Shale that is dormant. They know where it is,no exploration required. Until that oil is finally tapped through Demand, why would anyone spend a dime on Exploration. Maybe later it may be necessary but not in the next X number of years. Like ALL oil production, you go for the easy stuff first. And we have an excess in the "Easy" stuff. Once the demand nears exceeding the supply then Exploration funds need to be spent. But we are X number of years from that point.
So why does ONE president sign more oil and gas leases and geez coincidently gas prices drop. While the previous president and his minion want to STOP oil and gas exploration? Hmmmm could be they are in on the likes of a
Gore Carbon derivatives scheme, with his son Hunter in the lead? Hmmm... as President, simply reducing federal land exploration leases INCREASES CO2 derivatives costs!

In Rumps case, I can't figure out his reasons. I doubt anyone can. But in the other Presidents I can. Things change from time to time and we must change with it. There has been no change in pump prices with Obama refusing to open up the North Oil versus Rump opening them up. The oil just costs way too much in comparison to what else is available to obtain. But, damn, it sure sounds good coming out of Rumps mouth.
 
Presidents have no direct influence on Pump Prices. What's going to drive the pump prices up is the demand is going to increase as we drive more and need more. And that's going to happen once the vaccine is widely used. It's economy driven. The Healthier the Economy, the more we use fuel, the higher the prices. Right now, we are just above rock bottom but things are going to get better but through very little effort from any one President.

The cost of a barrel of oil is at it's lowest point. The Market had to put a number on it when actually, it's almost worthless. The storage tanks are full near the refineries, railroad cars are parked full of the crude. Our Oil Industry here (the origin end) is bust and barely operating. We have oil wells capped and ready for production but no reason to turn the pumps on or lay any new pipe to transport it. Why? The Economy, stupid.

And what is the one thing that can get the Economy going again? Getting more people working on good paying jobs, not just low paying service jobs. And what keeps that from happening? The fact that no CEO wishes to be known as the Central Distributor for Covid 19. Now we are finally back to the real problem. And there are going to be some changes in the next 6 months to get a handle on Covid. When that happens, the cost of gas at the pump will go up because the Demand for it also goes up. It's simple Economics 101.
How do you explain the increased travel/demand during the Trump administration and the lowest gas prices since Clinton? You are naive if you think that gas leases approved/increased domestic production and refineries built do not affect prices. Re: good paying jobs--the US has been farming out it's production to China for 30 years. We don't make diddley in the US anymore. We have become a nation of burger flippers for burger flippers. A nation that produces nothing is destined to fail.

You aren't looking at the underlying reasons on any of this.

At he beginning of Rumps time, the travel did increase. In 2017 it showed an increase. But Rump had nothing to do with that. The Economy was on the rise with or without Rump. The best thing Rump did was he didn't break it. Oh, he talked and bragged a lot but the economy was going to grow anyway. Hence the increase in production in Petro Products because the demand went up and the supply had to follow.

But something happened during that time period. The rest of the world used less because their economies were terrible. With the demand going down globally, the US was able to crank up it's Shale Oil Production which has more potential than all the rest of the world's oil reserves. And the US had programs to tap into that already. With the oil prices being low enough, production started and the US became either the #1 or the #2 Oil exporter in the world. I believe that Saudi Arabia fights for that title from time to time. For the first time, we had more oil tankers going out than coming in. We had been headed that direction long before Rump became President. So the supply became even higher than the demand.

Now, let's look at what caused the good paying jobs to leave the US. For that we have to go back at least 40 years, not 30. Before, we had regulations that prevented many of the Corporations from find such lucrative advantages moving their production over seas. During Reagans years, the Feds lowered the Regs and it took the Industries 10 years to figure out that they could make insane profits by moving their organizations and productions to Asia. China welcomed it with open arms. At the time, the lessening of those Regs was a good thing but they let it go on for far too long until it became chiseled in stone and became detrimental. I won't go into what those regs are since you will just argue your fool head off anyway.

Today, the damage is done and in order to correct it there is going to have to be some painful times ahead. I don't condemn Rump on his Tariffs. I condemn him on his methods and reasoning in emplementing them. I have said all along that we need to reward those that stayed in the US, reward those that return to the US and tax the others into non existence which would force then to move back to the US. And to put a 25% Tariff on select Imports on a temporary basis. What we got, instead, was a friggin mess and everyone got pissed off and hurt.
Moron in denial^^^^^^^ Triggered.
 
1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334

Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.

Bullshit.
The change to summer formula never happens this early.
 
1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334

Trump auction of oil leases in Arctic refuge attracts barely any bidders
Coastal plain was up for sale as part of the Trump administration’s plan to pay for Republicans’ tax cuts with oil revenue
 
I am so glad that Biden is stupid.

What results from high gas prices?



.



Wait for it...



.



giphy.gif


Texas-Flag-Small.gif


giphy.gif


raining-money.gif


Biden's gonna fund Texas secession.

:banana:
As much as I hate to say it, I might have to move back to TX.
Come on back.

As foreign powers try to tighten the world's energy supply, we get richer. It's literally a no-lose situation.
Umm If I pay $30 a month more for gas, but don't get a raise, I'm not getting richer. Probably the people who own the drilling rights and sell the oil to be refined make more money. But even the oil companies don't get more for refining.
 
Presidents have no direct influence on Pump Prices. What's going to drive the pump prices up is the demand is going to increase as we drive more and need more. And that's going to happen once the vaccine is widely used. It's economy driven. The Healthier the Economy, the more we use fuel, the higher the prices. Right now, we are just above rock bottom but things are going to get better but through very little effort from any one President.

The cost of a barrel of oil is at it's lowest point. The Market had to put a number on it when actually, it's almost worthless. The storage tanks are full near the refineries, railroad cars are parked full of the crude. Our Oil Industry here (the origin end) is bust and barely operating. We have oil wells capped and ready for production but no reason to turn the pumps on or lay any new pipe to transport it. Why? The Economy, stupid.

And what is the one thing that can get the Economy going again? Getting more people working on good paying jobs, not just low paying service jobs. And what keeps that from happening? The fact that no CEO wishes to be known as the Central Distributor for Covid 19. Now we are finally back to the real problem. And there are going to be some changes in the next 6 months to get a handle on Covid. When that happens, the cost of gas at the pump will go up because the Demand for it also goes up. It's simple Economics 101.
So simple economics is what you are describing as I am.
Demand and supply.
Here is the supply being reduced by Obama, increased by Trump and Biden promises to reduce the supply.
OilFedleases011521signed.png
 

Forum List

Back
Top