Oil Is Dropping

[eagle1462010]

China.........full blown Covid ..........OMICRON ..................lockdown............Stay at home for vast number of Chinese.

There you go.

OH...........OMICRON

 

[Harpy Eagle]

So you really think after covid we would be seeing these prices under Trump? What makes you think that? Gas was going down while Trumps economy was going up. Why would that have changed over the last year?

COVID is what happened. In 2020 the US cut its oil production by 20% and both OPEC and Russia cut theirs.

At this point supply cannot keep up with demand, even without removing Russia's oil from the equation.

Here in the US oil production is up 16% since Feb 2021. At the current rate it is growing it will surpass the highest before COVID around Nov or Dec of this year

It is much easier to stop production than to ramp it back up. But we are getting there and the US oil companies have said they would increase it even faster, but not sure how much faster than can given the limitations of labor availability

 

[Bootney Lee Farnsworth]

So business reopening after democrats shut them down for no reason is …. Growth?

Yes. Apparently, g5000 believes that bullshit.

 

[Harpy Eagle]

Is this like a big Mac value meal cost $5 bucks ?


It's $8.68 in Milwaukee I buy it every frickin day

Sucks to be you, why the **** would anyone buy a big Mac meal every day?

Learn how cook

 

[Rye Catcher]

Yes. They are. And they suck.

They suck? I doubt you've ever driven one, and the demand is great.

 

[g5000]

Let's see. I bought a new Honda Civic for my daughter for about $17,000. But let's go with $25,000.

So that's $25,000 less than the smallest Tesla.

A Civic gets about 30 miles per gallon, and that's being conservative.

If gas costs $4.00 a gallon, then a Tesla owner would have to drive 187,500 miles to break even. Oh, wait. They have to replace their battery for $20,000 along the way. So that's another 150,000 miles to break even. Oh, wait. That would require another battery change at $20K.

It seems that idiot Tesla owner will never catch up!

 

[Bootney Lee Farnsworth]

COVID is what happened. In 2020 the US cut its oil production by 20% and both OPEC and Russia cut theirs.

At this point supply cannot keep up with demand, even without removing Russia's oil from the equation.

Here in the US oil production is up 16% since Feb 2021. At the current rate it is growing it will surpass the highest before COVID around Nov or Dec of this year

It is much easier to stop production than to ramp it back up. But we are getting there and the US oil companies have said they would increase it even faster, but not sure how much faster than can given the limitations of labor availability

...and the limitations on transportation...

(you can try to ignore it all you want)

 

[IamZ]

Yes. Apparently, g5000 believes that bullshit.

He is insane in the membrane.. level 10 tds

 

[Harpy Eagle]

...and the limitations on transportation...

(you can try to ignore it all you want)

Feel free to expound on this, what limitations on transportation are you speaking of?

 

[Bootney Lee Farnsworth]

They suck? I doubt you've ever driven one, and the demand is great.

They suck. Do they perform anywhere close to the most gutless of gas cars?

No. Not even close.

And after 200 lousy miles, it takes hours to recharge.

Shitty is a fair description.

 

[g5000]

Commie shutdowns made the supply way too high. You don't understand basic economics.

Oh, I know exactly how supply and demand works. And I know that commodities traders are soulless animals who would sell their mothers if it earned them a buck.

Speculators don't give a shit who is president. The simply look at how much oil is on the market and make their calculations from there.

So Trump's shutdown was a commie shutdown? Interesting.

The entire planet shut down. I even posted a topic with screen captures from around the world Earthcams on here during that period.

So the entire planet is communist. Fascinating!

 

[Bootney Lee Farnsworth]

Feel free to expound on this, what limitations on transportation are you speaking of?

Quit acting like you know nothing.

 

[eagle1462010]

Let's see. I bought a new Honda Civic for my daughter for about $17,000. But let's go with $25,000.

So that's $25,000 less than the smallest Tesla.

A Civic gets about 30 miles per gallon, and that's being conservative.

If gas costs $4.00 a gallon, then a Tesla owner would have to drive 187,500 miles to break even. Oh, wait. They have to replace their battery for $20,000 along the way. So that's another 150,000 miles to break even. Oh, wait. That would require another battery change at $20K.

It seems that idiot Tesla owner will never catch up!

VW Diesel Rabbit in the 80s got 45 to 50 mpg.

No computer.........No BS..............Was efficient as hell and gets better gas mileage than the new FANCY COMPUTER CHIP CARS of today.

But hey.............an engine needs a sensor to tell the computer I'M STARTING.

 

[Bootney Lee Farnsworth]

Oh, I know exactly how supply and demand works. And I know that commodities traders are soulless animals who would sell their mothers if it earned them a buck.

Speculators don't give a shit who is president. The simply look at how much oil is on the market and make their calculations from there.

So Trump's shutdown was a commie shutdown? Interesting.

The entire planet shut down. I even posted a topic with screen captures from around the world Earthcams on here during that period.

So the entire planet is communist. Fascinating!

Trump didn't shut anything down.

Speculators are the market. You should know this.

 

[Fort Fun Indiana]

So a Tesla owner has to stop every 200 miles to recharge, and it still takes longer than gassing up.

Unless you by a Tesla in this universe, where the base model 3 with no upgrades has a range of 272 miles.

 

[Harpy Eagle]

Quit acting like you know nothing.

I am asking you to clarify as you could be talking about 100 different things. I am not part of your partisan club so I am not up on your current talking points.

 

[Fort Fun Indiana]

VW Diesel Rabbit in the 80s got 45 to 50 mpg

Yep. But had the HP of a riding lawnmower, and worse acceleration. So lost popularity.

 

[g5000]

COVID is what happened. In 2020 the US cut its oil production by 20% and both OPEC and Russia cut theirs.

At this point supply cannot keep up with demand, even without removing Russia's oil from the equation.

Here in the US oil production is up 16% since Feb 2021. At the current rate it is growing it will surpass the highest before COVID around Nov or Dec of this year

It is much easier to stop production than to ramp it back up. But we are getting there and the US oil companies have said they would increase it even faster, but not sure how much faster than can given the limitations of labor availability

There has been far more oil production in the US in Biden's first year than during Trump's first year.

Saudi Arabia is exporting less oil right now than they were during the pandemic.

The problem is not here. Or Biden.

 

[eagle1462010]

There has been far more oil production in the US in Biden's first year than during Trump's first year.

Saudi Arabia is exporting less oil right now than they were during the pandemic.

The problem is not here. Or Biden.

Yeah...........they only have to sue his ass to drill............HE'S THE MAN..........LOL

 

[IamZ]

Oh, I know exactly how supply and demand works. And I know that commodities traders are soulless animals who would sell their mothers if it earned them a buck.

Speculators don't give a shit who is president. The simply look at how much oil is on the market and make their calculations from there.

So Trump's shutdown was a commie shutdown? Interesting.

The entire planet shut down. I even posted a topic with screen captures from around the world Earthcams on here during that period.

So the entire planet is communist. Fascinating!

So much miss information