The gasoline price panic

Here's one taken during this Trump admin:

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Nice AI generated. If it’s in CA, blame Newsom. He was warned but gave the people the finger.

 
You CUT production because a competitor expands? You really need to check your understanding of economics. Best of luck.
Here you go, dipshit:

In Venezuela, they produced less oil in 2021 than they did during the pandemic.

Venezuela's 2021 crude output shows no growth from last year

Average year crude production slightly below 2020 Production from JVs account for 60% of total production Iranian condensates boost output for third straight month Venezuelan state owned PDVSA and its
www.spglobal.com


www.spglobal.com

Venezuelan state-owned PDVSA and its foreign joint venture partners recorded average crude oil production of 560,000 b/d in 2021, according to an internal report reviewed by S&P Global Platts.

The average year was slightly below 2020 when production averaged 570,000 b/d and the 2019 record when production was 1.01 million b/d, according to the OPEC Annual Statistical Bulletin. Also, the 2021 results were far from the target of PDVSA's recovery plan.
 
You CUT production because a competitor expands? You really need to check your understanding of economics. Best of luck.
Meanwhile, in Saudi Arabia:



Saudi crude oil exports fell in 2021 even as OPEC+ ease output caps

RIYADH: Saudi Arabia shipped less crude in 2021 from a year ago, even as the Kingdom is allowed to produce more oil under its agreemnt with OPEC+ countries. Saudi crude oil exports averaged 6.22 million barrels per day, which is 6.6 percent less than in 2020, data posted by the Joint...
www.arabnews.com


www.arabnews.com


Saudi Crude Oil Exports Sink To 11-Year Low For 2021; Now For The Rebound

 
You CUT production because a competitor expands? You really need to check your understanding of economics. Best of luck.
Meanwhile, at Chevron:


Chevron raises buybacks and says exposure to Russia is limited


Major oil companies are responding to a jump in profits this year from higher oil and gas prices by giving back more cash to shareholders, many of whom have been frustrated by years of low returns.

So far, most shale operators have signaled that they plan to put capital returns above output growth, even as U.S. oil prices crossed $100 per barrel earlier this week.



Profits before the customers.
 

"When oil prices go up, we make a lot of money" - Emperor Trump, friend to the oligarchs.​




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60 to 80 cents a gallon. $9-12 more per fill up. You need to work more and bleat less
 
If one of Trump’s goals is to derail Newsom, excellent move. He is putting Newsom in multiple whammies.

Fighting Trump to reopen the pipeline
Forced a refinery to shutdown and left CA
Companies are leaving and high energy cost is one main reason
Summer blend leads to higher price
 
15th post
And still less than Biden gas without a military exercise to actually remove a dangerous regime.
“military exercise”

You guys sure do just love to repeat the propaganda. It’s like you’re proud of having Trump’s hand up your ass.
 
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