Surging U.S. Oil Production Brings Down Prices

[TheGreatSatan]

You can tell by this thread, the WEF democrats have stabbed their environmentalist supporters in the back.

How does increasing oil production help climate change?

Guess even WEF/Democrats don't believe climate change is a threat.

 

[TheGreatSatan]

WEF/Democrats believe climate change is the biggest threat we face.

If a WEF/Democrat tells you they support lower fuel prices, that WEF shill is lying to your face.

WEF/Democrats do nothing but gaslight Americans.

Democrats WANT higher gas prices to fight climate change

Democrats = WEF

 

[Mac-7]

WEF/Democrats believe climate change is the biggest threat we face.

If a WEF/Democrat tells you they support lower fuel prices, that WEF shill is lying to your face.

WEF/Democrats do nothing but gaslight Americans.

Democrats WANT higher gas prices to fight climate change

Democrats = WEF

Greenies do pray to their false god for higher gasoline prices

But when push comes to shove they lie about it

 

[Calypso Jones]

Remember all that whining about the price of eggs?

Prices declined for three food-at-home categories between September and October 2023. Four food-at-home categories had lower prices in October 2023 compared with October 2022: eggs, fresh vegetables, fish and seafood, and dairy products.

Food Price Outlook - Summary Findings | Economic Research Service

ERS research and reporting of the Consumer Price Index (CPI) for food contributes to an understanding of which food categories experience substantial price changes, how consumers spend their incomes on food, and how and why prices change.

www.ers.usda.gov

FAO Food Price Index | Food and Agriculture Organization of the United Nations

FAO Food Price Index continues to drop, but at a slower pace​

​

you are not going to give credit to that President poopypants are ya? sure you are. LOL

 

[JBG]

Nixon also temporarily kept a lid on prices from August 15, 1971 to January 11, 1973 to help himself in the 1972 elections. Biden will do the same after the 2024 elections.

 

[surada]

Do you like low gas prices? I love them. Imagine how sustainable long~term this would be if the Harris-Biden Admin would ease the egregious regulatory policies vs. domestic oil companies?

The US has the highest production costs in the world. If the ppb stays low US producers don't invest in increased capacity... or they go out of business.

In 2020 over 200 domestic oil production declared bankruptcy.

OPEC last week was $73 a barrel.

 

[surada]

Your chart only goes to 2020. How are you giving credit to Biden for Trumps increases in production?

Over 200 US oil companies declared bankruptcy in 2020.

 

[surada]

Nixon also temporarily kept a lid on prices from August 15, 1971 to January 11, 1973 to help himself in the 1972 elections. Biden will do the same after the 2024 elections.

The Yom Kippur was was 1973.

 

[LeftofLeft]

The US has the highest production costs in the world. If the ppb stays low US producers don't invest in increased capacity... or they go out of business.

In 2020 over 200 domestic oil production declared bankruptcy.

OPEC last week was $73 a barrel.

Your argument would be economically valid if the US was on an even playing field with OPEC when it comes to regulation.

 

[Moonglow]

Nixon also temporarily kept a lid on prices from August 15, 1971 to January 11, 1973 to help himself in the 1972 elections. Biden will do the same after the 2024 elections.

Inflation has been under two percent in the last two months.

 

[Moonglow]

Your argument would be economically valid if the US was on an even playing field with OPEC when it comes to regulation.

Nigeria is putting oil on the market free from OPEC membership along with Angola the OPEC members are leaving the losers in Saudi Arabia.

 

[LeftofLeft]

Nigeria is putting oil on the market free from OPEC membership along with Angola the OPEC members are leaving the losers in Saudi Arabia.

Great! How sustainable is that? What has been the historical precedent?

 

[Moonglow]

LeftofLeft better than Iran.

 

[surada]

Your argument would be economically valid if the US was on an even playing field with OPEC when it comes to regulation.

You are assuming a lot. The US is better than Venezuela in production emissions but way behind the Gulf States. They are very environmentally conscious... More so than the US.

 

[surada]

Nigeria is putting oil on the market free from OPEC membership along with Angola the OPEC members are leaving the losers in Saudi Arabia.

2023

Current OPEC members are Algeria, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia, the United Arab Emirates and Venezuela.

Meanwhile, Angola, Ecuador, Indonesia, and Qatar are former OPEC members.
Wikipedia, the free encyclopedia › wiki
OPEC - Wikipedia

 

[LeftofLeft]

You are assuming a lot. The US is better than Venezuela in production emissions but way behind the Gulf States. They are very environmentally conscious... More so than the US.

Ok, show US some data that points to your assertion. You say the Gulf States are more environmentally conscious. We don’t have any regulations out of the Gulf States

 

[initforme]

How much oil is shipped away? Whatever happened to america first? Bunch of hypocrites will stand up for big oil.

 

[surada]

Ok, show US some data that points to your assertion. You say the Gulf States are more environmentally conscious. We don’t have any regulations out of the Gulf States

Persian Gulf.... Most US wells produce less than 50 barrels a day.. Crude has to be pumped and there's no infrastructure or integration with vertically or horizontally.

 

[surada]

How much oil is shipped away? Whatever happened to america first? Bunch of hypocrites will stand up for big oil.

What? Shipped away? We haven't nationalized US oil.. is that what you want?

 

[initforme]

What? Shipped away? We haven't nationalized US oil.. is that what you want?

American oil needs first. Unless you are anti american.