Oil and Nat Gas are Cheaper now than they were in 2018, and the US is pumping more Barrels...

[postman]

Tater promised to get rid of oil. Now his Cult is bleating that we have more than ever.

Trump promised to get rid of deficits, and Trump produced more deficits than ever.

Crickets !!!!

Trump Handed out $Trillions, Ramped the deficit to $3+ T, and Printed $Trillions in Fake Money​

Following in the traditions of the presidency as practiced by all of his predecessors, Trump Handed out $trillions, ramped the deficit to $3 trillion, and Printed $trillions in fake money. All who come after are expected to follow suit.
Now he wasn't alone in this, nor were the others. The whole purpose of the federal reserve is to print money faster than the congress and the potus can spend it. If it isn't backed by gold or silver it is all fake money.

 

[Independent thinker]

Well have you got any actual proof of that...

The amount of utter bullshit people will say is funny...

Putin thought the NATO/EU alliance was weak after 4 years of Trump. He was blatantly wrong.

Actually Putin has fucked up... So what ever he thought was wrong..

I don't have any proof that there will ever be another pandemic either.

 

[Nostra]

Trump promised to get rid of deficits, and Trump produced more deficits than ever.

Crickets !!!!

Ahhhhh, poor baby.

All the Cult has is deflection.

 

[postman]

Ahhhhh, poor baby.

All the Cult has is deflection.

You don't see the irony in it.
You complain that Biden was going to cut oil production (bad thing), and instead he increased it, which is a GOOD THING.

But Trump promised to cut deficits (a good thing) and instead astronomically increased deficits (a very BAD thing)

 

[DigitalDrifter]

Republicans love to just make shit up out of thin air and spin the facts.

The main reason for high oil prices now is Putin's war in Ukraine which caused the complete disruption of the global oil markets. Republicans love to ignore this fact.

Everybody knows I love facts. I am the king of facts.

Banker's FACTS:
In May of 2018 US crude was trading at $72/barrel and it went up to $78/barrel that year.
Nat gas was at $3, and it went all the way up to $4.75

Right now US oil is only at $70 and Nat gas is at a low $2.
Biden has cheaper energy prices than Trump did in 2018.

Better yet the US is producing much more oil and nat gas, AND exporting much more oil and Nat gas, and much more solar and renewable energy.

Somebody forgot to tell the republicans these facts, I bet they don't mention that on Fox News.
Biden is the energy president. Thank you Joe.

View attachment 786193

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

Speaking of making shit up, the average pump prices are NOT "cheaper" today than in 2018. You need to retract your claim.

In 2018 the average price at the pump was $2.71. Today, as we all are painfully aware, pump prices have been much higher. And in fact, pump prices began to skyrocket the moment Biden took office!

 

[Nostra]

You don't see the irony in it.
You complain that Biden was going to cut oil production (bad thing), and instead he increased it, which is a GOOD THING.

But Trump promised to cut deficits (a good thing) and instead astronomically increased deficits (a very BAD thing)

 

[BlindBoo]

Have you checked gasoline prices lately? It's much more expensive now than in 2018 and when Trump left office. Biden has messed up everything! And, with gas prices high, the cost of all other goods have gone up drastically. You should note that while people have jobs, they are also running up credit cards to all time highs to just pay bills and to buy goods.

Three years ago in 2020 we were in the middle of an world oil glut where oil sold for negative dollars. It's no wonder gas fell below 2 dollars a gallon. Biden's policies had nothing to do with the reduction in production due to Covid. Nor did his policies account for the rapid rise in oil prices when the world went back to work after Covid.

 

[BlindBoo]

And in fact, pump prices began to skyrocket the moment Biden took office!

Gas prices were already on the rise before Biden took office.

 

[BlindBoo]

In 2018, pre-pandemic, Trump was pushing 13 million BPD of production. That fell off during the pandemic fand eveyone knows that the shutdown was Trump's idea.

In 2018 they were pushing close to 12 mbd. In 2019 they got closer to 13 mbd but didn't quite get there until 2020. Then it was about 11 weeks at 13 mbd or above till the glut forced many to shut down. Still not back to that level but baring some incident we will. Also all of those increase were on private land and mostly from Texas. Neither Donnie or Joey had much to do with the increases.

Weekly U.S. Field Production of Crude Oil (Thousand Barrels per Day)

 

[Cougarbear]

Three years ago in 2020 we were in the middle of a world oil glut where oil sold for negative dollars. It's no wonder gas fell below 2 dollars a gallon. Biden's policies had nothing to do with the reduction in production due to Covid. Nor did his policies account for the rapid rise in oil prices when the world went back to work after Covid.

Correct. Because the US under Trump drilled in places the Democrats refused to. We were energy independent and controlling the prices around the world under Trump. OPEC nations had no control over Trump. Trump made NATO not buy from Russia. Russia feared Trump after he bombed Syria and killed Russians there. And a lot more.
When Biden took office he immediately signed away all that Trump had in place. Immediately OPEC was able to raise prices and control the market. Russia began selling to NATO and prices rose. Russia attacks Ukraine again after 4 years afraid of Trump jacking up oil prices. Covid had nothing to do with prices. And if it did, Trump never would have kept the country shut down. So, another blunder by Biden.

 

[jc456]

Honestly, how can there be a discussion when factual information is always omitted by demfks? 2.36 vs 4.00 at the pumps, is not less money. Fk I wish demfks could do math.

 

[jc456]

In 2018 they were pushing close to 12 mbd. In 2019 they got closer to 13 mbd but didn't quite get there until 2020. Then it was about 11 weeks at 13 mbd or above till the glut forced many to shut down. Still not back to that level but baring some incident we will. Also all of those increase were on private land and mostly from Texas. Neither Donnie or Joey had much to do with the increases.

Weekly U.S. Field Production of Crude Oil (Thousand Barrels per Day)

what was the price at the pumps?

 

[BlindBoo]

Because the US under Trump drilled in places the Democrats refused to.

You mean he offered a fire sale of leases that never even had seismic work done.

We were energy independent and controlling the prices around the world under Trump. OPEC nations had no control over Trump.

We are more energy independent now than under Trumpybear.

Weekly U.S. Net Imports of Crude Oil and Petroleum Products (Thousand Barrels per Day)

You hear the Rabid right cry about how Joe had to beg the Saudis but they completely ignore the fact that their Trumpybear not only begged them to decrease production but then asked them to increase production as well. The OPEC nations control oil prices not the US Oil Patch.

When Biden took office he immediately signed away all that Trump had in place. Immediately OPEC was able to raise prices and control the market.

OPEC continue the production cuts well into the covid recovery of 2021. Oil and gas prices began rising in 2020.

Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)

 

[BlindBoo]

what was the price at the pumps?

In the summer of 2019 the highest weekly average. was $2.91

Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)

 

[Papageorgio]

Gas prices today are higher than in 2018.

U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon)

www.eia.gov

In fact the price is closer than the 2012-2014 levels, under Obama.

 

[jc456]

In the summer of 2019 the highest weekly average. was $2.91

Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)

and what is it today?

 

[jc456]

You mean he offered a fire sale of leases that never even had seismic work done.

We are more energy independent now than under Trumpybear.

Weekly U.S. Net Imports of Crude Oil and Petroleum Products (Thousand Barrels per Day)

You hear the Rabid right cry about how Joe had to beg the Saudis but they completely ignore the fact that their Trumpybear not only begged them to decrease production but then asked them to increase production as well. The OPEC nations control oil prices not the US Oil Patch.




OPEC continue the production cuts well into the covid recovery of 2021. Oil and gas prices began rising in 2020.

Weekly U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon)

gas price at the pump is higher. strange.

 

[BlindBoo]

gas price at the pump is higher. strange.

I remember when the average price per gallon was about a quarter.

 

[jc456]

I remember when the average price per gallon was about a quarter.

Right? I find it funny in today’s market creepy joe made prices jump 2 dollars per gallon. And they’re still there

 

[BlindBoo]

Right? I find it funny in today’s market creepy joe made prices jump 2 dollars per gallon. And they’re still there

Gasoline dropped by $1.25 over the last year.