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Oil Price Plunging. Thanks Biden!
- Thread starter g5000
- Start date
Really. Where? You have oil leases on your property?I own it,
You made the comment, you should know off the top of your head. Without links, without a google search, back-up your mouth with a fact. Tell us which product from which oil you think you are talking about.Do yourself a favor and do some reading on the different classifications of crude oil and their uses. Not all oil is the same and not all of it is good for the same thing
Short term? Don't you mean, "spot trading".Tommorow? Of course, but not 4-5 years out in oil futures trading. It is dominated by short term contracts.
Dominated by? Nah, the market for oil is not dominated by spot trading. But then again, it could be one day, and not the other.
I don't see how you are explaing that volatility introduced to the market by politicians short sighted policies is not a factor in spot trading.
- Apr 1, 2011
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As has been pointed out many times, Obama did nothing to increase oil production. He tried to cripple it, and so has Biden.US production doubled under Obama.
- Feb 22, 2017
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US production doubled under Obama.
It went up 68% during the Obama Admin.
It went up 44%/11% under Trump pre/post COVID. I will let people pick which they want to use
It has gone up 15% under Biden.
So, 9% year during the Obama Admin, 11%/3% per year under the Trump admin and so far 15% per year under the Biden Admin.
- Feb 22, 2017
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As has been pointed out many times, Obama did nothing to increase oil production. He tried to cripple it, and so has Biden.
And they sucked at the whole crippling thing because the oil companies are too strong to be crippled
- Feb 22, 2017
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I own it,
A very, tiny little piece. If you owned more you would be happy about the 90 dollars a barrel price.
Concerned American
Diamond Member
And he had some of the highest fuel prices ever--fancy that.US production doubled under Obama.
Turtlesoup
Diamond Member
- Aug 10, 2020
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Prices doubled because of Obama attacking oil, coal, and other energy productions. We were UNDER TRUMP energy independent but that is no more.US oil production doubles during the Obama years because the ppb was high. I know you don't get it.. I have explained it to you a dozen times.
My price for gas and fuel oil has doubled under Biden. 100% increase.It went up 68% during the Obama Admin.
It went up 44%/11% under Trump pre/post COVID. I will let people pick which they want to use
It has gone up 15% under Biden.
So, 9% year during the Obama Admin, 11%/3% per year under the Trump admin and so far 15% per year under the Biden Admin.
If I owned more of many things I would be happyA very, tiny little piece. If you owned more you would be happy about the 90 dollars a barrel price.
- Feb 22, 2017
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My price for gas and fuel oil has doubled under Biden. 100% increase.
And yet US production is up 15%. Do you think there might have been an increase in demand?
- Feb 22, 2017
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My price for gas and fuel oil has doubled under Biden. 100% increase.
Do you think this has anything to do with why prices were so low in 2020?
No, not that accounts for such a dramatic increase.And yet US production is up 15%. Do you think there might have been an increase in demand?
Yes, Biden and the democrats are bad for the country
And mitch McConnell
- Feb 22, 2017
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Yes, Biden and the democrats are bad for the country
And mitch McConnell
Psssstttt....hate to be the one to break it to you, that happened under Trump not Biden.
Maybe you could find a 5th grader to explain the graph to you
Prices under total Democrat control have doubled. A 100% increase of the price of gasoline, and fuel oil.Psssstttt....hate to be the one to break it to you, that happened under Trump not Biden.
Maybe you could find a 5th grader to explain the graph to you
This has happened after Trump left offices.
- Feb 22, 2017
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Prices under total Democrat control have doubled. A 100% increase of the price of gasoline, and fuel oil.
This has happened after Trump left offices.
Yes, and the prices were so low that they could double due to the massive decrease in use in 2020, such a uge decrease than Trump himself threatened Saudi Ariba and Russia into cutting oil production because the prices were too low
Trump didn't threaten Arabia.Yes, and the prices were so low that they could double due to the massive decrease in use in 2020, such a uge decrease than Trump himself threatened Saudi Ariba and Russia into cutting oil production because the prices were too low
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