Oil spikes to 7 year high

[elektra]

Keystone has unused pipeline capacity all over the midwest and has abandoned refineries that were refitted to handle tar sand sludge.

Trump had NOTHING to do with the ppb.

Keystone is not a company. You seem to be posting as if it is.

 

[BlindBoo]

Keystone was shutdown by democrats, now whoever was going to process that oil must find a new source. That cost money and effects the world market for oil which we are a part of.

That pipeline never pumped a drop of oil. The effects of it's cancellation on the futures market was negligible.

 

[elektra]

That pipeline never pumped a drop of oil. The effects of it's cancellation on the futures market was negligible.

The 1st action Biden took as president had no effect? Yet prices did go up?

The 1st action Biden took, canceling the pipeline showed the market Biden and the Democrats will be hostile to oil. The market saw the actions of democrats, then reacted.

The 2nd action Biden took, ending new leases for oil, affirmed the democrats hostility towards oil. The market reacted.

Should I include all of the Democrats actions?

 

[BlindBoo]

The 1st action Biden took as president had no effect? Yet prices did go up?

The 1st action Biden took, canceling the pipeline showed the market Biden and the Democrats will be hostile to oil. The market saw the actions of democrats, then reacted.

The 2nd action Biden took, ending new leases for oil, affirmed the democrats hostility towards oil. The market reacted.

Should I include all of the Democrats actions?

Go ahead. The two actions you mentioned had no effect on production, which was already down, nor did they effect demand which was already rising.

 

[The Sage of Main Street]

pknopp Bingo! I don't care what gas prices are, but minimum wage folks get killed when gas prices go up. Democrats stick to their constituents AGAIN.

Limousine Liberals, Preppy Progressives, Trustfundie Treehuggers, and Rolls-Royce Radicals

Defy the biographers' misleading parts of her personal history and never forget that Hillary Rodham was a staunch far-right Goldwater supporter in 1964. When her clique of spoiled sheltered snobs lost that election in a landslide, they felt the only movement left to them was to infiltrate and take over the Democratic Party in order to enforce their class's hatred and fear of Whites who weren't born rich.

 

[elektra]

Go ahead. The two actions you mentioned had no effect on production, which was already down, nor did they effect demand which was already rising.

No effect on production? So what, it is not only production that effects the price of oil. Fear has always been a factor in the markets. Oil is no different. But as I said, Biden and the Democrats sent a clear signal to the market, that they will be hostile to oil. That drove the price up.

The first three years of Trump, demand for oil went up, yet the price fell???

One year of Biden, demand goes up but prices go up as well?

Keystone pipeline, suspending oil leases, adding new regulations for cyper security, new regulations curtailing methane emissions, this is just the start of the problems.

And then there is green energy, it's failure in Europe with the months of low winds which resulted in the scramble for fossil fuels. Yes, energy is more than the Keystone pipeline, but the Keystone pipeline is part of the democrats attack on fossil fuels. It was the 1st shot fired by the Democrat/Biden administration.

Yes, Democrats policies are coming home to roost, and they are costing me personally, hundreds of dollars every month.

 

[BlindBoo]

Fear has always been a factor in the markets

There was no fear in the market when the construction was shut down or when the leasing process was paused for review. New Drilling permits were also halted for review as well, yet no projects were delayed.

The first three years of Trump, demand for oil went up, yet the price fell?

Not exactly true. The bottom dropped out only after the pandemic spread throughout the country.

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

 

[elektra]

There was no fear in the market when the construction was shut down or when the leasing process was paused for review. New Drilling permits were also halted for review as well, yet no projects were delayed.

Not exactly true. The bottom dropped out only after the pandemic spread throughout the country.

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

yes, what I said, the first three years of trump the bottom had not fell out, demand increased as our economy grew.

 

[initforme]

We ship oil we produce out of America. We allow big oil to do that. Then we gripe we need to produce more....so they can ship out more? Something smells like no good there.

 

[elektra]

There was no fear in the market when the construction was shut down or when the leasing process was paused for review. New Drilling permits were also halted for review as well, yet no projects were delayed.

Not exactly true. The bottom dropped out only after the pandemic spread throughout the country.

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

Actually, regardless of your graph or what you link to. I was paying 1.85 a gallon under Trump. That price rose when Biden was elected. That price rose more after Biden began shutting down pipelines, denying leases, agreeing to the Paris Climate accord. And it was not just one pipeline that Biden stopped. It is pipelines across the nation.

Now the price is more than $3.00 a gallon.

Trump kept the price of energy low
Biden is making energy expensive

 

[elektra]

Since Biden won, gas increased 67%

 

[surada]

Keystone is not a company. You seem to be posting as if it is.

TransCanada.. Does that help?

 

[Nuthin' Fancy]

Actually, regardless of your graph or what you link to. I was paying 1.85 a gallon under Trump. That price rose when Biden was elected. That price rose more after Biden began shutting down pipelines, denying leases, agreeing to the Paris Climate accord. And it was not just one pipeline that Biden stopped. It is pipelines across the nation.

Now the price is more than $3.00 a gallon.

Trump kept the price of energy low
Biden is making energy expensive

You're FOS.
Biden shut down one pipeline that never transported a drop of oil.

Suspending new oil leases on federal lands for 90 days.
What did oil companies do with their existing leases, state leases, private leases?
Why do the oil companies need the federal government land to drill oil?
Isn't that 'socialism'?

Of course, you don't mention the 4 Texas refineries that shut down because of the freeze in February.

It may take the Texas petrochemical industry until year-end 2021 to fully recover from the record cold that triggered power outages and supply disruptions in mid-February. Production of basic petrochemical products used in a range of intermediate and consumer goods was interrupted, breaking supply chains already strained by COVID-19 and leading to price pressures and scores of product shortages.​

The record-breaking Arctic cold that flowed deep into Texas in mid-February hit the Texas refining and petrochemical sectors as hard as any hurricane and with less warning. Operations did not fully return until early April and sustained lasting damage.

The weather disruption tightened motor fuel supplies, created shortfalls of petrochemicals and slowed Texas exports. The impacts to supply chains have contributed to rising producer price inflation, and the challenges of restocking those supply chains are expected to persist through much of 2021.

August 27, 2021
The strongest hurricane to ever hit Louisiana has done some major damage, causing massive power outages and refinery shutdowns. The storm hit 95% of crude oil production in the Gulf of Mexico and shut down over 95% of natural gas production.

September 23, 2021
Oil refineries impacted Hurricane Ida and power outages are recovering. At one point nearly a dozen refineries were offline and because of power outages they had so-called stranded fuel.

Nathan McBride is Regulatory Affairs Manager for the Louisiana Mid-Continent Oil and Gas Association.

“There’s really eight between Baton Rouge and New Orleans, but they brought the Krotz Springs refinery in as well because it could have an impact on the supply,” he said.

“Refineries had fuel in tankage on-site, even the ones who happened to lose power especially down in the New Orleans area, so there was fuel in tankage, so the first hurdle we had to clear was get power to the terminals, otherwise known as racks at the refineries so that they could pull that fuel out of tankage and dispense it into the local markets, so you may have fuel at the refinery even though your refinery is not actually running,” said McBride.
“A lot of the refineries, yes they shut down for safety reasons during the storm but then they were not able to come back up because they didn’t have electricity, so it really does all come down to power supply.”

 

[surada]

You're FOS.
Biden shut down one pipeline that never transported a drop of oil.

Suspending new oil leases on federal lands for 90 days.
What did oil companies do with their existing leases, state leases, private leases?
Why do the oil companies need the federal government land to drill oil?
Isn't that 'socialism'?

Of course, you don't mention the 4 Texas refineries that shut down because of the freeze in February.

It may take the Texas petrochemical industry until year-end 2021 to fully recover from the record cold that triggered power outages and supply disruptions in mid-February. Production of basic petrochemical products used in a range of intermediate and consumer goods was interrupted, breaking supply chains already strained by COVID-19 and leading to price pressures and scores of product shortages.​

The record-breaking Arctic cold that flowed deep into Texas in mid-February hit the Texas refining and petrochemical sectors as hard as any hurricane and with less warning. Operations did not fully return until early April and sustained lasting damage.

The weather disruption tightened motor fuel supplies, created shortfalls of petrochemicals and slowed Texas exports. The impacts to supply chains have contributed to rising producer price inflation, and the challenges of restocking those supply chains are expected to persist through much of 2021.

August 27, 2021
The strongest hurricane to ever hit Louisiana has done some major damage, causing massive power outages and refinery shutdowns. The storm hit 95% of crude oil production in the Gulf of Mexico and shut down over 95% of natural gas production.

September 23, 2021
Oil refineries impacted Hurricane Ida and power outages are recovering. At one point nearly a dozen refineries were offline and because of power outages they had so-called stranded fuel.

Nathan McBride is Regulatory Affairs Manager for the Louisiana Mid-Continent Oil and Gas Association.

“There’s really eight between Baton Rouge and New Orleans, but they brought the Krotz Springs refinery in as well because it could have an impact on the supply,” he said.

“Refineries had fuel in tankage on-site, even the ones who happened to lose power especially down in the New Orleans area, so there was fuel in tankage, so the first hurdle we had to clear was get power to the terminals, otherwise known as racks at the refineries so that they could pull that fuel out of tankage and dispense it into the local markets, so you may have fuel at the refinery even though your refinery is not actually running,” said McBride.
“A lot of the refineries, yes they shut down for safety reasons during the storm but then they were not able to come back up because they didn’t have electricity, so it really does all come down to power supply.”

Great post deserves its own thread.

 

[elektra]

You're FOS.
Biden shut down one pipeline that never transported a drop of oil.

Suspending new oil leases on federal lands for 90 days.
What did oil companies do with their existing leases, state leases, private leases?
Why do the oil companies need the federal government land to drill oil?
Isn't that 'socialism'?

Of course, you don't mention the 4 Texas refineries that shut down because of the freeze in February.

It may take the Texas petrochemical industry until year-end 2021 to fully recover from the record cold that triggered power outages and supply disruptions in mid-February. Production of basic petrochemical products used in a range of intermediate and consumer goods was interrupted, breaking supply chains already strained by COVID-19 and leading to price pressures and scores of product shortages.​

The record-breaking Arctic cold that flowed deep into Texas in mid-February hit the Texas refining and petrochemical sectors as hard as any hurricane and with less warning. Operations did not fully return until early April and sustained lasting damage.

The weather disruption tightened motor fuel supplies, created shortfalls of petrochemicals and slowed Texas exports. The impacts to supply chains have contributed to rising producer price inflation, and the challenges of restocking those supply chains are expected to persist through much of 2021.

August 27, 2021
The strongest hurricane to ever hit Louisiana has done some major damage, causing massive power outages and refinery shutdowns. The storm hit 95% of crude oil production in the Gulf of Mexico and shut down over 95% of natural gas production.

September 23, 2021
Oil refineries impacted Hurricane Ida and power outages are recovering. At one point nearly a dozen refineries were offline and because of power outages they had so-called stranded fuel.

Nathan McBride is Regulatory Affairs Manager for the Louisiana Mid-Continent Oil and Gas Association.

“There’s really eight between Baton Rouge and New Orleans, but they brought the Krotz Springs refinery in as well because it could have an impact on the supply,” he said.

“Refineries had fuel in tankage on-site, even the ones who happened to lose power especially down in the New Orleans area, so there was fuel in tankage, so the first hurdle we had to clear was get power to the terminals, otherwise known as racks at the refineries so that they could pull that fuel out of tankage and dispense it into the local markets, so you may have fuel at the refinery even though your refinery is not actually running,” said McBride.
“A lot of the refineries, yes they shut down for safety reasons during the storm but then they were not able to come back up because they didn’t have electricity, so it really does all come down to power supply.”

No electricity? Oh, you mean because of all the wind turbines, the green energy that was built in Texas.

One pipeline? Seems he is opposed to a pipeline in Maine, Michigan, and Minnesota.

Democrats unwilling to accept blame because it is their policies driving the cost of energy.

67% increase, we all see it, we all feel it

 

[elektra]

TransCanada.. Does that help?

No. It is TC Energy

How about doing a better Google search when you need answers to what you obviously do not know.

One pipeline, I guess you never thought of doing a Google search to see if it was more.

 

[Nuthin' Fancy]

No electricity? Oh, you mean because of all the wind turbines, the green energy that was built in Texas.

One pipeline? Seems he is opposed to a pipeline in Maine, Michigan, and Minnesota.

Democrats unwilling to accept blame because it is their policies driving the cost of energy.

67% increase, we all see it, we all feel it

'Oh, you mean because of all the wind turbines, the green energy that was built in Texas'.
No moron.
You think an oil company would use wind turbines to power an oil refinery?

February 18, 2021
Texas is nearing the end of what Gov. Greg Abbott (R) called "a once-in-every-120-year cold front," but that doesn't entirely explain why more than a million households still had no electricity early Thursday, after three full days of below-freezing temperatures. Plenty of places in the world keep their power on in prolonged arctic weather, and so did parts of Texas.

Those edges of Texas, including El Paso, "are primarily in areas outside of those supported by ERCOT, the Electric Reliability Council of Texas, which manages the electric grid for 90 percent of the state and operates separately from federal oversight and regulation,"

After the 2011 winter freeze, El Paso Electric, on the Western Interconnect grid, spent heavily to "winterize our equipment and facilities so they could stand minus-10 degree weather for a sustained period of time," Eddie Gutierrez, an El Paso Electric spokesman, told KHOU. So this year, "we had about three thousand people that were out during this period, a thousand of them had outages that were less than five minutes."

'Seems he is opposed to a pipeline in Maine, Michigan, and Minnesota'.

I'm sure he opposed a lot of pipelines, doesn't men he shut them down, idiot.

 

[surada]

No. It is TC Energy

How about doing a better Google search when you need answers to what you obviously do not know.

One pipeline, I guess you never thought of doing a Google search to see if it was more.

You dolt. Its TransCanada


TC Energy — About our name change

TC Energy — About our name change

We changed the name of our company from TransCanada Corporation to TC Energy, following the approval of our shareholders at our Annual and Special Meeting of Shareholders on May 3, 2019. Our new name TC Energy better reflects the scope of our operations and reinforces our position as a leading...

www.tcenergy.com

TC Energy was founded in 1951 to develop the TransCanada Pipeline (now the Canadian Mainline) to ship natural gas from Western Canada to markets in the east. Since then, we have built a rich history delivering energy safely and reliably from where it’s produced to where it's needed.

TC Energy — Home

TC Energy — Home

TC Energy is one of North America’s leading energy infrastructure companies with operations in natural gas, oil and power industries.

www.tcenergy.com

Aug 23, 2021 · TC Energy Corporation today announced that its Board of Directors (Board) declared a quarterly dividend of $0.87 per common share for the quarter ending September 30, 2021 on the Company’s outstanding common shares. The common share dividend is payable on October 29, 2021 to shareholders of record at the close of business on September 30, 2021.

 

[surada]

Why the Keystone XL Pipeline is Unnecessary and Dangerous

The situation in Washington continues to worsen. We lack leadership in every legislative area. Our President will not fight for what is necessary, and the Senate and House accomplish less than any Congress in history. Today, the Republican led House is attempting to again change the rules and...

guardianlv.com

excerpt:

The Keystone XL pipeline is no more than a “pork belly” project. It will carry crude from Canada to the gulf coast refineries in Texas. And it’s not the type of crude labeled “sweet”, which is used by refineries to produce gasoline for American vehicles. It is a thicker substance, obtained from tar sands, which, when refined, is shipped to other countries.

The only “job creation” will be in the actual building of the huge proposed pipeline itself. The American people will receive no benefit from its construction. However, it will pose a monumental danger to the environment in the states through which it passes.

 

[elektra]

You dolt. Its TransCanada

The name is, TC Energy, as I stated, and as you found out. Nice Google search on your part.

They do not call themselves nor refer to themselves as Trans Canada