The Biden BOOM is here, Best First 100 days Stock Market.

[Winston]

Fuel prices go up when the economy is strong.

They also go up when some twat restricts supply or adds stupid regulations that restrict supply.

How has Biden restricting supply? What regulations has he unilaterally imposed that is affecting gas prices? Current gas prices are at or below what they were from October 2017 to December 2020. What did Trump do to cause those high prices?

How has Biden restricting supply?

Biden’s orders direct the secretary of the Interior Department to halt new oil and natural gas leases on public lands and waters, and begin a thorough review of existing permits for fossil fuel development.

Climate change: Biden suspends oil and gas leasing in executive action (cnbc.com)

What regulations has he unilaterally imposed that is affecting gas prices?

Did you already forget his pipeline EOs?

Current gas prices are at or below what they were from October 2017 to December 2020.

Liar.

View attachment 484257


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

If Keystone has not even been completed, how did it's cancellation affect supply?

Keystone XL suspension unlikely to raise US oil prices

One of President Joe Biden’s first official acts effectively halted construction of the Keystone XL pipeline, which was

www.politifact.com

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

And please, don't tell me gas and oil prices are based on future production capability. Gasoline is a perishable commodity and its price is constructed specifically to match the supply with demand.

If Keystone has not even been completed, how did it's cancellation affect supply?

You didn't think it was just to bring oil from Canada, did you?

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

Do you know anything about futures prices?
When it became obvious that Biden's handlers were going to attack oil, prices jumped.
If you do something stupid that will reduce oil tomorrow, prices will rise today.

Now, back to your lie about prices from October 2017 to December 2020........

Oh, I know the purpose of Keystone very well thank you. It sure as hell was not to produce more gasoline for US consumption. Matter of fact, upon completion it would have increased the price of gasoline in the upper Midwest because it would have reduced supply, the very thing you seemed to be concerned with.

Refineries along the Gulf Coast have expanded their diesel production capabilities. And Congress lifted the ban on exporting refined oil products a good while back. Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy. But that is another topic.

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast so it could be processed into diesel fuel for EXPORT. Currently, what is moving to the US is refined in the upper Midwest for gasoline. You see how that actually does affect supply and demand.

 

[Flash]

Wall Street loves big government.

That is why they contributed heavily to Obama, Clinton and Dufus.

 

[22lcidw]

President Daffy Duck could have "accomplished" as much on the heels of Trump.

Obama lowered unemployment to 4.7% but the Trump supporters give him so much credit for lowering it to 3.7% in 3 years.

Same difference in my opinion.

Trump had low growth barely better than Obama
Trump and Obama had the same job growth rate, then trump lost millions of jobs when he fucked up covid bad.
Trump spent an insane amount of money to boost the economy, without his money pump he would have had nothing.

In terms of real GDP growth, no president has done worse according to BEA statistics which go as far back as Truman...

Truman (since '47) ... 4.7
Eisenhower ........... 2.5
Kennedy .............. 5.5
Johnson .............. 5.0
Nixon ................ 2.7
Ford ................. 2.9
Carter ............... 3.2
Reagan ............... 3.6
Bush41 ............... 2.2
Clinton .............. 3.8
Bush43 ............... 1.8
Obama ................ 1.9
Trump ................ 1.2

https://apps.bea.gov/national/xls/gdplev.xlsx

That is shallow.

 

[Faun]

President Daffy Duck could have "accomplished" as much on the heels of Trump.

Obama lowered unemployment to 4.7% but the Trump supporters give him so much credit for lowering it to 3.7% in 3 years.

Same difference in my opinion.

Trump had low growth barely better than Obama
Trump and Obama had the same job growth rate, then trump lost millions of jobs when he fucked up covid bad.
Trump spent an insane amount of money to boost the economy, without his money pump he would have had nothing.

In terms of real GDP growth, no president has done worse according to BEA statistics which go as far back as Truman...

Truman (since '47) ... 4.7
Eisenhower ........... 2.5
Kennedy .............. 5.5
Johnson .............. 5.0
Nixon ................ 2.7
Ford ................. 2.9
Carter ............... 3.2
Reagan ............... 3.6
Bush41 ............... 2.2
Clinton .............. 3.8
Bush43 ............... 1.8
Obama ................ 1.9
Trump ................ 1.2

https://apps.bea.gov/national/xls/gdplev.xlsx

That is shallow.

Are we supposed to ignore the numbers?

 

[Toddsterpatriot]

Fuel prices go up when the economy is strong.

They also go up when some twat restricts supply or adds stupid regulations that restrict supply.

How has Biden restricting supply? What regulations has he unilaterally imposed that is affecting gas prices? Current gas prices are at or below what they were from October 2017 to December 2020. What did Trump do to cause those high prices?

How has Biden restricting supply?

Biden’s orders direct the secretary of the Interior Department to halt new oil and natural gas leases on public lands and waters, and begin a thorough review of existing permits for fossil fuel development.

Climate change: Biden suspends oil and gas leasing in executive action (cnbc.com)

What regulations has he unilaterally imposed that is affecting gas prices?

Did you already forget his pipeline EOs?

Current gas prices are at or below what they were from October 2017 to December 2020.

Liar.

View attachment 484257


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

If Keystone has not even been completed, how did it's cancellation affect supply?

Keystone XL suspension unlikely to raise US oil prices

One of President Joe Biden’s first official acts effectively halted construction of the Keystone XL pipeline, which was

www.politifact.com

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

And please, don't tell me gas and oil prices are based on future production capability. Gasoline is a perishable commodity and its price is constructed specifically to match the supply with demand.

If Keystone has not even been completed, how did it's cancellation affect supply?

You didn't think it was just to bring oil from Canada, did you?

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

Do you know anything about futures prices?
When it became obvious that Biden's handlers were going to attack oil, prices jumped.
If you do something stupid that will reduce oil tomorrow, prices will rise today.

Now, back to your lie about prices from October 2017 to December 2020........

Oh, I know the purpose of Keystone very well thank you. It sure as hell was not to produce more gasoline for US consumption. Matter of fact, upon completion it would have increased the price of gasoline in the upper Midwest because it would have reduced supply, the very thing you seemed to be concerned with.

Refineries along the Gulf Coast have expanded their diesel production capabilities. And Congress lifted the ban on exporting refined oil products a good while back. Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy. But that is another topic.

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast so it could be processed into diesel fuel for EXPORT. Currently, what is moving to the US is refined in the upper Midwest for gasoline. You see how that actually does affect supply and demand.

Oh, I know the purpose of Keystone very well thank you.

Don't be shy, post it in the thread.

And Congress lifted the ban on exporting refined oil products a good while back.

When was there a ban on exporting refined oil products? Link?

Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy.

Do we have a diesel shortage?

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast

Shale sludge? Ok, that's another thing about oil you don't understand.

Now, back to your lie about prices from October 2017 to December 2020........

 

[Winston]

And please, don't tell me gas and oil prices are based on future production capability.

What's it based on?

Is Biden going to hurt supply or help it? DURR

Gasoline is a perishable commodity and its price is constructed specifically to match the supply with demand.

And when some moron decides to restrict the supply........

You are talking in circles. Neither Biden's actions on oil leases or Keystone affected gasoline supplies. Yes, perhaps crude price futures were, a little. But again, gasoline and even crude, is a perishable product. Remember when oil prices were negative? That was because it was coming out of the ground and had no place to go. Storage facilities were full and every available offshore storage tanker was full. Hell, the value of a supertanker tripled, that was where the real money was because you could see it coming months out.

But gasoline prices, they are all about controlling demand. And it is a short cycle, seasonal blends means turns are measured in weeks. Production was down, Covid is loosening up, and prices reflect that, nothing else. Production will speed up for the summer, prices will ease off. We are passing through a bottleneck of sorts. The truth is a president, any president, has little control over gas prices.

 

[The Banker]

A child could understand this.

Which is why liberals have difficulty.
Remember when Obama said we couldn't drill our way to lower prices?

Have you ever heard anyone make a dumber claim about oil?

Because it's a global market, silly, and we are just a small part of that market.

Because it's a global market,

And we produced a lot more.
Why do you feel the price went down?

and we are just a small part of that market.

What percentage of the market are we?

Because Obama had an incredible energy policy we pumped more oil and natural gas than ever before. So much so that Obama broke the price of oil and it dropped to incredible lows.

Obama is in the past. We are here to focus on Biden and his great economy.

You can whine and cry all you want, but the Biden economy is booming like never before and the US is in the early innings of an incredible run. Another Bill Clinton Golden Age.

How come all the great presidents are Democrat, and all the failed fucked up presidents are Republican?

Because Obama had an incredible energy policy

He sounds AWESOME!!!

What was his energy policy? Spell it out.

Everybody knows what it was.

Drill baby drill. The US became a leading oil/energy producer under Obama.

Thank you Obama.

Enjoy the Biden Boom.

How come all the great presidents are Democrat, and all the failed fucked up presidents are Republican?

Everybody knows what it was.

Show me.

Drill baby drill.

Liar. Obama never helped drilling.
He mocked drill baby drill.

The US became a leading oil/energy producer under Obama.

Despite his best efforts to prevent it.

Poor pathetic Trumper. Trump failed, he was a terrible president with failed results. Bush failed, he was a terrible president with failed results.
BUT Clinton was a big winner. Obama fixed the Bush crash and pumped epic amounts of oil. Record amounts of oil. And Now Biden is crushing covid, kicking ass, and taking names.

All you have is pathetic excuses.

Enjoy Biden's Golden Age, it might be better than Clinton's.

Wahhh......caught you in another lie, didn't I?

Unless you really didn't know? LOL!

What are you, 12?

Huh??

You just can't accept that US Oil production hit record highs under Obama, and Obama's energy policy broke the price of oil. This success upsets you dearly for some crazy reason?? Personally I am very happy Obama did that. Thank you Obama, good job.

You still can't accept that Trump and Bush were total failures. Have fun watching Biden crush it with his economy. This will be the greatest economy ever...

There is nothing more to say. Bush and Trump failed, Clinton Obama, and now Biden were much better. Biden is going to be a great. All good presidents are democrat.

 

[Toddsterpatriot]

And please, don't tell me gas and oil prices are based on future production capability.

What's it based on?

Is Biden going to hurt supply or help it? DURR

Gasoline is a perishable commodity and its price is constructed specifically to match the supply with demand.

And when some moron decides to restrict the supply........

You are talking in circles. Neither Biden's actions on oil leases or Keystone affected gasoline supplies. Yes, perhaps crude price futures were, a little. But again, gasoline and even crude, is a perishable product. Remember when oil prices were negative? That was because it was coming out of the ground and had no place to go. Storage facilities were full and every available offshore storage tanker was full. Hell, the value of a supertanker tripled, that was where the real money was because you could see it coming months out.

But gasoline prices, they are all about controlling demand. And it is a short cycle, seasonal blends means turns are measured in weeks. Production was down, Covid is loosening up, and prices reflect that, nothing else. Production will speed up for the summer, prices will ease off. We are passing through a bottleneck of sorts. The truth is a president, any president, has little control over gas prices.

Yes, perhaps crude price futures were, a little.

A little?

 

[airplanemechanic]

Little does the OP know that a strong first 100 days under Biden shows how strong the economy was that Trump handed him.

Thank you Donald Trump.

 

[Toddsterpatriot]

A child could understand this.

Which is why liberals have difficulty.
Remember when Obama said we couldn't drill our way to lower prices?

Have you ever heard anyone make a dumber claim about oil?

Because it's a global market, silly, and we are just a small part of that market.

Because it's a global market,

And we produced a lot more.
Why do you feel the price went down?

and we are just a small part of that market.

What percentage of the market are we?

Because Obama had an incredible energy policy we pumped more oil and natural gas than ever before. So much so that Obama broke the price of oil and it dropped to incredible lows.

Obama is in the past. We are here to focus on Biden and his great economy.

You can whine and cry all you want, but the Biden economy is booming like never before and the US is in the early innings of an incredible run. Another Bill Clinton Golden Age.

How come all the great presidents are Democrat, and all the failed fucked up presidents are Republican?

Because Obama had an incredible energy policy

He sounds AWESOME!!!

What was his energy policy? Spell it out.

Everybody knows what it was.

Drill baby drill. The US became a leading oil/energy producer under Obama.

Thank you Obama.

Enjoy the Biden Boom.

How come all the great presidents are Democrat, and all the failed fucked up presidents are Republican?

Everybody knows what it was.

Show me.

Drill baby drill.

Liar. Obama never helped drilling.
He mocked drill baby drill.

The US became a leading oil/energy producer under Obama.

Despite his best efforts to prevent it.

Poor pathetic Trumper. Trump failed, he was a terrible president with failed results. Bush failed, he was a terrible president with failed results.
BUT Clinton was a big winner. Obama fixed the Bush crash and pumped epic amounts of oil. Record amounts of oil. And Now Biden is crushing covid, kicking ass, and taking names.

All you have is pathetic excuses.

Enjoy Biden's Golden Age, it might be better than Clinton's.

Wahhh......caught you in another lie, didn't I?

Unless you really didn't know? LOL!

What are you, 12?

Huh??

You just can't accept that US Oil production hit record highs under Obama, and Obama's energy policy broke the price of oil. This success upsets you dearly for some crazy reason?? Personally I am very happy Obama did that. Thank you Obama, good job.

You still can't accept that Trump and Bush were total failures. Have fun watching Biden crush it with his economy. This will be the greatest economy ever...

There is nothing more to say. Bush and Trump failed, Clinton Obama, and now Biden were much better. Biden is going to be a great. All good presidents are democrat.

You just can't accept that US Oil production hit record highs under Obama,

I certainly can accept that.

and Obama's energy policy broke the price of oil.

Damn, that's funny!

So post his policy. Or keep running away. Moron.

This success upsets you dearly for some crazy reason??

Your silly claims make me laugh.

There is nothing more to say

LOL! Run away.

 

[The Banker]

Little does the OP know that a strong first 100 days under Biden shows how strong the economy was that Trump handed him.

Thank you Donald Trump.

No it is the belief that Biden will crush covid, like he's doing, and fix the Trump mess, like he's doing.

The market is forward looking, people bought stocks because they have faith in Biden to do a great job.

 

[Winston]

Fuel prices go up when the economy is strong.

They also go up when some twat restricts supply or adds stupid regulations that restrict supply.

How has Biden restricting supply? What regulations has he unilaterally imposed that is affecting gas prices? Current gas prices are at or below what they were from October 2017 to December 2020. What did Trump do to cause those high prices?

How has Biden restricting supply?

Biden’s orders direct the secretary of the Interior Department to halt new oil and natural gas leases on public lands and waters, and begin a thorough review of existing permits for fossil fuel development.

Climate change: Biden suspends oil and gas leasing in executive action (cnbc.com)

What regulations has he unilaterally imposed that is affecting gas prices?

Did you already forget his pipeline EOs?

Current gas prices are at or below what they were from October 2017 to December 2020.

Liar.

View attachment 484257


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

If Keystone has not even been completed, how did it's cancellation affect supply?

Keystone XL suspension unlikely to raise US oil prices

One of President Joe Biden’s first official acts effectively halted construction of the Keystone XL pipeline, which was

www.politifact.com

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

And please, don't tell me gas and oil prices are based on future production capability. Gasoline is a perishable commodity and its price is constructed specifically to match the supply with demand.

If Keystone has not even been completed, how did it's cancellation affect supply?

You didn't think it was just to bring oil from Canada, did you?

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

Do you know anything about futures prices?
When it became obvious that Biden's handlers were going to attack oil, prices jumped.
If you do something stupid that will reduce oil tomorrow, prices will rise today.

Now, back to your lie about prices from October 2017 to December 2020........

Oh, I know the purpose of Keystone very well thank you. It sure as hell was not to produce more gasoline for US consumption. Matter of fact, upon completion it would have increased the price of gasoline in the upper Midwest because it would have reduced supply, the very thing you seemed to be concerned with.

Refineries along the Gulf Coast have expanded their diesel production capabilities. And Congress lifted the ban on exporting refined oil products a good while back. Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy. But that is another topic.

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast so it could be processed into diesel fuel for EXPORT. Currently, what is moving to the US is refined in the upper Midwest for gasoline. You see how that actually does affect supply and demand.

Oh, I know the purpose of Keystone very well thank you.

Don't be shy, post it in the thread.

And Congress lifted the ban on exporting refined oil products a good while back.

When was there a ban on exporting refined oil products? Link?

Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy.

Do we have a diesel shortage?

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast

Shale sludge? Ok, that's another thing about oil you don't understand.

Now, back to your lie about prices from October 2017 to December 2020........

Gas prices were similar to or higher than their current level for much of the time between October 2017 and January 2020 — that is more than two years of Trump’s presidency. Prices were higher than today for all of the time between March 2018 and November 2018, and all of the time between April 2019 and August 2019.

Are gas prices going up? And is it Joe Biden’s fault?

There’s been chatter online recently about the recent spike in gasoline prices — and whether President Joe Biden is to b

www.politifact.com

The ban was on crude oil, for forty years. Refined products were allowed, just have massively expanded. Not very bright if you ask me. And no, there is no shortage of diesel, at current prices, which are higher than gasoline, which also makes no damn sense. Hell, this nation is so fubared that we export propane and natural gas. Hell, even Iran is smart enough not to export natural gas.

 

[Winston]

Fuel prices go up when the economy is strong.

They also go up when some twat restricts supply or adds stupid regulations that restrict supply.

How has Biden restricting supply? What regulations has he unilaterally imposed that is affecting gas prices? Current gas prices are at or below what they were from October 2017 to December 2020. What did Trump do to cause those high prices?

How has Biden restricting supply?

Biden’s orders direct the secretary of the Interior Department to halt new oil and natural gas leases on public lands and waters, and begin a thorough review of existing permits for fossil fuel development.

Climate change: Biden suspends oil and gas leasing in executive action (cnbc.com)

What regulations has he unilaterally imposed that is affecting gas prices?

Did you already forget his pipeline EOs?

Current gas prices are at or below what they were from October 2017 to December 2020.

Liar.

View attachment 484257


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

If Keystone has not even been completed, how did it's cancellation affect supply?

Keystone XL suspension unlikely to raise US oil prices

One of President Joe Biden’s first official acts effectively halted construction of the Keystone XL pipeline, which was

www.politifact.com

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

And please, don't tell me gas and oil prices are based on future production capability. Gasoline is a perishable commodity and its price is constructed specifically to match the supply with demand.

If Keystone has not even been completed, how did it's cancellation affect supply?

You didn't think it was just to bring oil from Canada, did you?

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

Do you know anything about futures prices?
When it became obvious that Biden's handlers were going to attack oil, prices jumped.
If you do something stupid that will reduce oil tomorrow, prices will rise today.

Now, back to your lie about prices from October 2017 to December 2020........

Oh, I know the purpose of Keystone very well thank you. It sure as hell was not to produce more gasoline for US consumption. Matter of fact, upon completion it would have increased the price of gasoline in the upper Midwest because it would have reduced supply, the very thing you seemed to be concerned with.

Refineries along the Gulf Coast have expanded their diesel production capabilities. And Congress lifted the ban on exporting refined oil products a good while back. Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy. But that is another topic.

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast so it could be processed into diesel fuel for EXPORT. Currently, what is moving to the US is refined in the upper Midwest for gasoline. You see how that actually does affect supply and demand.

Oh, I know the purpose of Keystone very well thank you.

Don't be shy, post it in the thread.

And Congress lifted the ban on exporting refined oil products a good while back.

When was there a ban on exporting refined oil products? Link?

Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy.

Do we have a diesel shortage?

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast

Shale sludge? Ok, that's another thing about oil you don't understand.

Now, back to your lie about prices from October 2017 to December 2020........

Department of Energy Data Shows Keystone XL Is an Export Pipeline

Written with Lorne Stockman, Research Director at Oil Change InternationalThe U.S. Energy Information Administration (EIA) has released export data that clearly corroborates President Obama's recent assertion that the Keystone XL tar sands pipeline is primarily about export. Politico reports that...

www.nrdc.org

 

[Natural Citizen]

What a train wreck.

 

[wamose]

This market has nothing to do with Biden. Unfortunately, he will fuck it up soon.

 

[Toddsterpatriot]

Fuel prices go up when the economy is strong.

They also go up when some twat restricts supply or adds stupid regulations that restrict supply.

How has Biden restricting supply? What regulations has he unilaterally imposed that is affecting gas prices? Current gas prices are at or below what they were from October 2017 to December 2020. What did Trump do to cause those high prices?

How has Biden restricting supply?

Biden’s orders direct the secretary of the Interior Department to halt new oil and natural gas leases on public lands and waters, and begin a thorough review of existing permits for fossil fuel development.

Climate change: Biden suspends oil and gas leasing in executive action (cnbc.com)

What regulations has he unilaterally imposed that is affecting gas prices?

Did you already forget his pipeline EOs?

Current gas prices are at or below what they were from October 2017 to December 2020.

Liar.

View attachment 484257


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

If Keystone has not even been completed, how did it's cancellation affect supply?

Keystone XL suspension unlikely to raise US oil prices

One of President Joe Biden’s first official acts effectively halted construction of the Keystone XL pipeline, which was

www.politifact.com

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

And please, don't tell me gas and oil prices are based on future production capability. Gasoline is a perishable commodity and its price is constructed specifically to match the supply with demand.

If Keystone has not even been completed, how did it's cancellation affect supply?

You didn't think it was just to bring oil from Canada, did you?

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

Do you know anything about futures prices?
When it became obvious that Biden's handlers were going to attack oil, prices jumped.
If you do something stupid that will reduce oil tomorrow, prices will rise today.

Now, back to your lie about prices from October 2017 to December 2020........

Oh, I know the purpose of Keystone very well thank you. It sure as hell was not to produce more gasoline for US consumption. Matter of fact, upon completion it would have increased the price of gasoline in the upper Midwest because it would have reduced supply, the very thing you seemed to be concerned with.

Refineries along the Gulf Coast have expanded their diesel production capabilities. And Congress lifted the ban on exporting refined oil products a good while back. Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy. But that is another topic.

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast so it could be processed into diesel fuel for EXPORT. Currently, what is moving to the US is refined in the upper Midwest for gasoline. You see how that actually does affect supply and demand.

Oh, I know the purpose of Keystone very well thank you.

Don't be shy, post it in the thread.

And Congress lifted the ban on exporting refined oil products a good while back.

When was there a ban on exporting refined oil products? Link?

Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy.

Do we have a diesel shortage?

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast

Shale sludge? Ok, that's another thing about oil you don't understand.

Now, back to your lie about prices from October 2017 to December 2020........

Gas prices were similar to or higher than their current level for much of the time between October 2017 and January 2020 — that is more than two years of Trump’s presidency. Prices were higher than today for all of the time between March 2018 and November 2018, and all of the time between April 2019 and August 2019.

Are gas prices going up? And is it Joe Biden’s fault?

There’s been chatter online recently about the recent spike in gasoline prices — and whether President Joe Biden is to b

www.politifact.com

The ban was on crude oil, for forty years. Refined products were allowed, just have massively expanded. Not very bright if you ask me. And no, there is no shortage of diesel, at current prices, which are higher than gasoline, which also makes no damn sense. Hell, this nation is so fubared that we export propane and natural gas. Hell, even Iran is smart enough not to export natural gas.

Gas prices were similar to or higher than their current level for much of the time between October 2017 and January 2020

Wrong.

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

The ban was on crude oil, for forty years. Refined products were allowed,

Thanks for admitting your error.

And no, there is no shortage of diesel,

Banning its export would be stupid then, right?

Hell, this nation is so fubared that we export propane and natural gas.

Yes, we make tons of money exporting it.

Hell, even Iran is smart enough not to export natural gas.

You're wrong, again.

Foreign trade figures of Iran - Economic and Political Overview - Nordea Trade Portal

 

[Toddsterpatriot]

Fuel prices go up when the economy is strong.

They also go up when some twat restricts supply or adds stupid regulations that restrict supply.

How has Biden restricting supply? What regulations has he unilaterally imposed that is affecting gas prices? Current gas prices are at or below what they were from October 2017 to December 2020. What did Trump do to cause those high prices?

How has Biden restricting supply?

Biden’s orders direct the secretary of the Interior Department to halt new oil and natural gas leases on public lands and waters, and begin a thorough review of existing permits for fossil fuel development.

Climate change: Biden suspends oil and gas leasing in executive action (cnbc.com)

What regulations has he unilaterally imposed that is affecting gas prices?

Did you already forget his pipeline EOs?

Current gas prices are at or below what they were from October 2017 to December 2020.

Liar.

View attachment 484257


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

If Keystone has not even been completed, how did it's cancellation affect supply?

Keystone XL suspension unlikely to raise US oil prices

One of President Joe Biden’s first official acts effectively halted construction of the Keystone XL pipeline, which was

www.politifact.com

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

And please, don't tell me gas and oil prices are based on future production capability. Gasoline is a perishable commodity and its price is constructed specifically to match the supply with demand.

If Keystone has not even been completed, how did it's cancellation affect supply?

You didn't think it was just to bring oil from Canada, did you?

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

Do you know anything about futures prices?
When it became obvious that Biden's handlers were going to attack oil, prices jumped.
If you do something stupid that will reduce oil tomorrow, prices will rise today.

Now, back to your lie about prices from October 2017 to December 2020........

Oh, I know the purpose of Keystone very well thank you. It sure as hell was not to produce more gasoline for US consumption. Matter of fact, upon completion it would have increased the price of gasoline in the upper Midwest because it would have reduced supply, the very thing you seemed to be concerned with.

Refineries along the Gulf Coast have expanded their diesel production capabilities. And Congress lifted the ban on exporting refined oil products a good while back. Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy. But that is another topic.

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast so it could be processed into diesel fuel for EXPORT. Currently, what is moving to the US is refined in the upper Midwest for gasoline. You see how that actually does affect supply and demand.

Oh, I know the purpose of Keystone very well thank you.

Don't be shy, post it in the thread.

And Congress lifted the ban on exporting refined oil products a good while back.

When was there a ban on exporting refined oil products? Link?

Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy.

Do we have a diesel shortage?

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast

Shale sludge? Ok, that's another thing about oil you don't understand.

Now, back to your lie about prices from October 2017 to December 2020........

Department of Energy Data Shows Keystone XL Is an Export Pipeline

Written with Lorne Stockman, Research Director at Oil Change InternationalThe U.S. Energy Information Administration (EIA) has released export data that clearly corroborates President Obama's recent assertion that the Keystone XL tar sands pipeline is primarily about export. Politico reports that...

www.nrdc.org

The Senate will vote today on a bill to approve the Keystone XL Pipeline, after the House voted to approve it last Friday. The controversial pipeline would carry heavy oil sands crude from Canada and lighter Bakken crude to the Gulf Coast refining market.

In 2013, the Congressional Research Service released a report that stated 12% of the Keystone XL Pipeline's 830,000 b/d ultimate capacity has been set aside for the transport of Bakken Crude. The report further said the Keystone XL pipeline project would include a lateral pipeline, called the Bakken Marketlink, to carry oil from Baker, MT, to the hub in Cushing, OK.



How the Keystone XL Pipeline Would Impact the Bakken — Bakken Shale Play

 

[Winston]

Fuel prices go up when the economy is strong.

They also go up when some twat restricts supply or adds stupid regulations that restrict supply.

How has Biden restricting supply? What regulations has he unilaterally imposed that is affecting gas prices? Current gas prices are at or below what they were from October 2017 to December 2020. What did Trump do to cause those high prices?

How has Biden restricting supply?

Biden’s orders direct the secretary of the Interior Department to halt new oil and natural gas leases on public lands and waters, and begin a thorough review of existing permits for fossil fuel development.

Climate change: Biden suspends oil and gas leasing in executive action (cnbc.com)

What regulations has he unilaterally imposed that is affecting gas prices?

Did you already forget his pipeline EOs?

Current gas prices are at or below what they were from October 2017 to December 2020.

Liar.

View attachment 484257


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

If Keystone has not even been completed, how did it's cancellation affect supply?

Keystone XL suspension unlikely to raise US oil prices

One of President Joe Biden’s first official acts effectively halted construction of the Keystone XL pipeline, which was

www.politifact.com

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

And please, don't tell me gas and oil prices are based on future production capability. Gasoline is a perishable commodity and its price is constructed specifically to match the supply with demand.

If Keystone has not even been completed, how did it's cancellation affect supply?

You didn't think it was just to bring oil from Canada, did you?

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

Do you know anything about futures prices?
When it became obvious that Biden's handlers were going to attack oil, prices jumped.
If you do something stupid that will reduce oil tomorrow, prices will rise today.

Now, back to your lie about prices from October 2017 to December 2020........

Oh, I know the purpose of Keystone very well thank you. It sure as hell was not to produce more gasoline for US consumption. Matter of fact, upon completion it would have increased the price of gasoline in the upper Midwest because it would have reduced supply, the very thing you seemed to be concerned with.

Refineries along the Gulf Coast have expanded their diesel production capabilities. And Congress lifted the ban on exporting refined oil products a good while back. Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy. But that is another topic.

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast so it could be processed into diesel fuel for EXPORT. Currently, what is moving to the US is refined in the upper Midwest for gasoline. You see how that actually does affect supply and demand.

Oh, I know the purpose of Keystone very well thank you.

Don't be shy, post it in the thread.

And Congress lifted the ban on exporting refined oil products a good while back.

When was there a ban on exporting refined oil products? Link?

Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy.

Do we have a diesel shortage?

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast

Shale sludge? Ok, that's another thing about oil you don't understand.

Now, back to your lie about prices from October 2017 to December 2020........

Gas prices were similar to or higher than their current level for much of the time between October 2017 and January 2020 — that is more than two years of Trump’s presidency. Prices were higher than today for all of the time between March 2018 and November 2018, and all of the time between April 2019 and August 2019.

Are gas prices going up? And is it Joe Biden’s fault?

There’s been chatter online recently about the recent spike in gasoline prices — and whether President Joe Biden is to b

www.politifact.com

The ban was on crude oil, for forty years. Refined products were allowed, just have massively expanded. Not very bright if you ask me. And no, there is no shortage of diesel, at current prices, which are higher than gasoline, which also makes no damn sense. Hell, this nation is so fubared that we export propane and natural gas. Hell, even Iran is smart enough not to export natural gas.

Gas prices were similar to or higher than their current level for much of the time between October 2017 and January 2020

Wrong.

View attachment 484308

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

The ban was on crude oil, for forty years. Refined products were allowed,

Thanks for admitting your error.

And no, there is no shortage of diesel,

Banning its export would be stupid then, right?

Hell, this nation is so fubared that we export propane and natural gas.

Yes, we make tons of money exporting it.

Hell, even Iran is smart enough not to export natural gas.

You're wrong, again.

View attachment 484313

Foreign trade figures of Iran - Economic and Political Overview - Nordea Trade Portal

Your gas numbers indicate what my link stated. Two months in 2018 were still higher than they are today. Admittedly, they are tracking higher but I still say we are in a bottleneck situation that will be alleviated in the next few months. We will see if I am right.

And I will admit I was wrong about Iran. It appears they have somewhat changed their policy, but I checked it out. Iran receives natural gas via pipeline from a couple of different countries, their exports are almost exactly what they receive from those pipelines. Historically Iran has had large periods of time where they did not export natural gas at all, despite having more reserves than any country other than Russia. No exports for almost all of the eighties, a little spike up in 1989 -1992, and then nothing again until 2001. I would argue their exports are a function of sanctions more than anything else. With little means of generating revenue under sanctions they were forced to export natural gas. But Iran has always considered their natural gas reserves a strategic advantage whose domestic use exceeded any revenue generated by exports.

And that is the thing. The US has never given a damn about the strategic importance of natural resources. If we could make a dime exporting them, we took the dime. You think we would have learned by now. If we didn't export diesel, the price would be lower here. It should be lower than gasoline. It was for most of my life. Diesel fuel affects the cost of almost everything.

I mean almost everyday I see big lumber trucks rolling in to the local sawmill. I see more trucks rolling out with finished lumber. And where does it end up? China for the most part. In a couple years, it will come back, as furniture made in China. I mean how damn stupid is that? If you think about it, the only industry that really makes out is the transportation industry. Furniture jobs are all but gone. Furniture prices are higher while the quality is lower. Americans pay more. I mean here is a thought. Why don't we just keep the furniture, and the diesel here, and every American just stroke a check to the oil companies and the transportation companies. Same damn thing, except now we have more jobs here.

 

[candycorn]

America is getting its swagga back.
Thanks to Biden and his economic and covid wins.

The stock market has gained more under Biden than any other ever, in the first 100 days.

This is just the beginning of the biggest economic run our country has ever had, and Biden is doing an incredible job considering what he inherited.

This is what MAGA is.

Biden's 100-day stock market performance is the hottest going back to the 1950s

So far in his young presidency, President Joe Biden has been one of the best friends the stock market has ever had.

www.cnbc.com

 

[Winston]

Fuel prices go up when the economy is strong.

They also go up when some twat restricts supply or adds stupid regulations that restrict supply.

How has Biden restricting supply? What regulations has he unilaterally imposed that is affecting gas prices? Current gas prices are at or below what they were from October 2017 to December 2020. What did Trump do to cause those high prices?

How has Biden restricting supply?

Biden’s orders direct the secretary of the Interior Department to halt new oil and natural gas leases on public lands and waters, and begin a thorough review of existing permits for fossil fuel development.

Climate change: Biden suspends oil and gas leasing in executive action (cnbc.com)

What regulations has he unilaterally imposed that is affecting gas prices?

Did you already forget his pipeline EOs?

Current gas prices are at or below what they were from October 2017 to December 2020.

Liar.

View attachment 484257


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

If Keystone has not even been completed, how did it's cancellation affect supply?

Keystone XL suspension unlikely to raise US oil prices

One of President Joe Biden’s first official acts effectively halted construction of the Keystone XL pipeline, which was

www.politifact.com

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

And please, don't tell me gas and oil prices are based on future production capability. Gasoline is a perishable commodity and its price is constructed specifically to match the supply with demand.

If Keystone has not even been completed, how did it's cancellation affect supply?

You didn't think it was just to bring oil from Canada, did you?

Same for the leases? If they haven't been sold then there has not even been any drilling, let alone the actual production of oil that could be refined into gas. So how does that effect supply?

Do you know anything about futures prices?
When it became obvious that Biden's handlers were going to attack oil, prices jumped.
If you do something stupid that will reduce oil tomorrow, prices will rise today.

Now, back to your lie about prices from October 2017 to December 2020........

Oh, I know the purpose of Keystone very well thank you. It sure as hell was not to produce more gasoline for US consumption. Matter of fact, upon completion it would have increased the price of gasoline in the upper Midwest because it would have reduced supply, the very thing you seemed to be concerned with.

Refineries along the Gulf Coast have expanded their diesel production capabilities. And Congress lifted the ban on exporting refined oil products a good while back. Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy. But that is another topic.

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast so it could be processed into diesel fuel for EXPORT. Currently, what is moving to the US is refined in the upper Midwest for gasoline. You see how that actually does affect supply and demand.

Oh, I know the purpose of Keystone very well thank you.

Don't be shy, post it in the thread.

And Congress lifted the ban on exporting refined oil products a good while back.

When was there a ban on exporting refined oil products? Link?

Fact is, we are now exporting diesel like nobody's business. Which you really have to question the intelligence of that, seeing how critical diesel fuel is to our own domestic economy.

Do we have a diesel shortage?

So the purpose of Keystone was to get that shale sludge to refineries on the Gulf Coast

Shale sludge? Ok, that's another thing about oil you don't understand.

Now, back to your lie about prices from October 2017 to December 2020........

Department of Energy Data Shows Keystone XL Is an Export Pipeline

Written with Lorne Stockman, Research Director at Oil Change InternationalThe U.S. Energy Information Administration (EIA) has released export data that clearly corroborates President Obama's recent assertion that the Keystone XL tar sands pipeline is primarily about export. Politico reports that...

www.nrdc.org

The Senate will vote today on a bill to approve the Keystone XL Pipeline, after the House voted to approve it last Friday. The controversial pipeline would carry heavy oil sands crude from Canada and lighter Bakken crude to the Gulf Coast refining market.

In 2013, the Congressional Research Service released a report that stated 12% of the Keystone XL Pipeline's 830,000 b/d ultimate capacity has been set aside for the transport of Bakken Crude. The report further said the Keystone XL pipeline project would include a lateral pipeline, called the Bakken Marketlink, to carry oil from Baker, MT, to the hub in Cushing, OK.



How the Keystone XL Pipeline Would Impact the Bakken — Bakken Shale Play

From the congressional report within your link,

There is concern that increased supply of crude to the Gulf Coast may result in larger petroleum
product exports rather than contributing to lower domestic fuel cost. Although the United States is
a net importer of oil and petroleum products, it does export some petroleum products. U.S.
petroleum product exports rose when domestic demand declined in the wake of the recession
while foreign demand for certain fuels, such as diesel, remained relatively robust.

And this,

The latter bottleneck,
between the Midwest and the Gulf Coast, is already at capacity and, as described above, has
resulted in a discount for crude oil in the Midwest (though not for petroleum products). The Gulf
Coast Pipeline Project, the lower leg of originally proposed Keystone XL pipeline, would address
this second bottleneck and help alleviate the discount for Midwestern crudes.

"Alleviate the discount for Midwestern crudes", yep, pretty much what I said.