The Real Reason for Higher Gas Prices

[elektra]

What specifically do you think they could do?

Quit supporting and funding all green/clean energy.

Authorize drilling in Anwar
Authorize drilling in the Gulf of Mexico.
Authorize drilling off the coast of California

Support the Israeli pipeline to Europe

Build new modern refineries

 

[BULLDOG]

Quit supporting and funding all green/clean energy.

Authorize drilling in Anwar
Authorize drilling in the Gulf of Mexico.
Authorize drilling off the coast of California

Support the Israeli pipeline to Europe

Build new modern refineries

Investing in green energy doesn't raise the cost of fossil fuels,
Drilling in environmentally sensitive areas makes no sense
An Israeli pipeline does not effect our production.

 

[elektra]

Investing in green energy doesn't raise the cost of fossil fuels,
Drilling in environmentally sensitive areas makes no sense
An Israeli pipeline does not effect our production.

An Israeli multinational international pipeline does effect our price as I stated. More supply driven prices down

Drilling in environmentally sensitive areas with modern technology and engineering makes perfect sense.

Investing in green energy which give us very little return pet dollar spent definitely increases the price of oil.

Green/clean energy is a new industry that uses oil.

Green /clean energy is becoming the largest industry in the world.

Green/clean energy, as the largest heavy industry in the world processing thee most tons of natural resources mankind has ever used needs much more oil than any other industry in the world. Increased demand.

 

[surada]

If you are one of those people still raging about Biden and gasoline prices, then I can put you into one of three categories. You are either 1). A partisan who knows better, but doesn't care; 2). Someone who prefers simple answers even if they are wrong; or 3). Someone who doesn't understand the factors that move gasoline prices.

Let's assume you are in that third category. There is some hope for reaching you with facts. Here they are. Last summer U.S. oil production dropped by 3 million barrels per day (BPD). See the graph below. It was the largest short-term drop in history, and that was on Trump's watch. It wasn't his fault, but he also was powerless to prevent it.

Incidentally, it is perhaps a great historical irony that President Obama oversaw the largest oil production gains of any president in history. Again, not because of him. He just happened to be in office when fracking took off.

Since last summer's plunge, oil production has bounced back by 1.5 million BPD, but we are still 1.5 million BPD below where we were in January 2020. But demand started to recover last summer. The people raging against Biden surely don't know this: During the last five months that Trump was in office, oil prices increased by 43%. Again, not his fault, but he was also powerless to prevent it.

What we have seen since Biden took office is a continuation of the same trend that started in September 2020. Demand has recovered, and supply has not. When you are missing 1.5 million BPD of oil supplies -- which has also played out in many other countries -- you are going to have surging prices. There is absolutely nothing a President can do about it. He can scream at the oil companies. He can scream at OPEC. But there is nothing he can practically do to move the needle in the short term when 1.5 million BPD of oil supplies are missing.

Oh, and if you are one of those "Biden is preventing drilling" people, consider this. Since he took office, the number of rigs drilling for oil has risen by 62%. Again, not because of him, and not despite him. A function of the rising prices.

Wow. You're right. How refreshing.

 

[surada]

Kill the Key Stone Pipeline. Attack Fossil Fuels every freaking day. Shut the world down to the point of NEGATIVE value of oil stock.............cripple the supply chain.

Then YELL TRUMP.

Now he wants to kill subsidies..........and on and on and on.....

Leftist are LOUCUST. They just destroy everything in their path and then move on.

Learn to spell

 

[surada]

Nobody

When a regime shuts down production of anything - as Regime Xiden is working hard to do - there is less of that stuff available so the price goes up and people start to fight over the little bit that's available.

When a regime cheapens the currency by over-printing it there's too much "money" (funny money though it is) chasing the limited supply of that which the regime has artifically made scarce.

Even Xiden understands that.

Which is why he's doing it.

The party elite grow fat and the little people suck hind tit.

Demand was way down during 2020

 

[eagle1462010]

Learn to spell

Ni

 

[elektra]

Learn to spell

learn to punctuate

 

[elektra]

Nobody

Demand was way down during 2020

fuel oil demand did not change
diesel fuel did not change

With all the government leeches (workers) at home, I am sure the use of gas dropped 100%

 

[surada]

When a regime shuts down production of anything - as Regime Xiden is working hard to do - there is less of that stuff available so the price goes up and people start to fight over the little bit that's available.

When a regime cheapens the currency by over-printing it there's too much "money" (funny money though it is) chasing the limited supply of that which the regime has artifically made scarce.

Even Xiden understands that.

Which is why he's doing it.

The party elite grow fat and the little people suck hind tit.

Oil is still a bargain and profit margins are the same. The ppb hasn't kept up with housing, education, healthcare or the price of housing.

 

[elektra]

Oil is still a bargain and profit margins are the same. The ppb hasn't kept up with housing, education, healthcare or the price of housing.

Doubling the price of oil is a bargain?

The price of everything is high, and even higher due to the democrat policies.

But hey, the party of excuses can blame everything but themselves. Democrats have no place in this world.

 

[Mac-7]

If you are one of those people still raging about Biden and gasoline prices, then I can put you into one of three categories. You are either 1). A partisan who knows better, but doesn't care; 2). Someone who prefers simple answers even if they are wrong; or 3). Someone who doesn't understand the factors that move gasoline prices.

Let's assume you are in that third category. There is some hope for reaching you with facts. Here they are. Last summer U.S. oil production dropped by 3 million barrels per day (BPD). See the graph below. It was the largest short-term drop in history, and that was on Trump's watch. It wasn't his fault, but he also was powerless to prevent it.

Incidentally, it is perhaps a great historical irony that President Obama oversaw the largest oil production gains of any president in history. Again, not because of him. He just happened to be in office when fracking took off.

Since last summer's plunge, oil production has bounced back by 1.5 million BPD, but we are still 1.5 million BPD below where we were in January 2020. But demand started to recover last summer. The people raging against Biden surely don't know this: During the last five months that Trump was in office, oil prices increased by 43%. Again, not his fault, but he was also powerless to prevent it.

What we have seen since Biden took office is a continuation of the same trend that started in September 2020. Demand has recovered, and supply has not. When you are missing 1.5 million BPD of oil supplies -- which has also played out in many other countries -- you are going to have surging prices. There is absolutely nothing a President can do about it. He can scream at the oil companies. He can scream at OPEC. But there is nothing he can practically do to move the needle in the short term when 1.5 million BPD of oil supplies are missing.

Oh, and if you are one of those "Biden is preventing drilling" people, consider this. Since he took office, the number of rigs drilling for oil has risen by 62%. Again, not because of him, and not despite him. A function of the rising prices.

Biden wanted to be president

now he gets the credit for everything that happens whether libs like it or not

 

[elektra]

If you are one of those people, who thinks thee most powerful government in the world does not control the price of gas then I can put you in one of three categories

1. Morons
2. Idiots
3. Fools

 

[elektra]

Oil is a bargain, compared to the price the democrats plan to run it up to

 

[surada]

If you are one of those people, who thinks thee most powerful government in the world does not control the price of gas then I can put you in one of three categories

1. Morons
2. Idiots
3. Fools

I just know the oil business for the past 65 years.

 

[elektra]

I just know the oil business for the past 65 years.

You are category 3

 

[surada]

You are category 3

You know ghawar?

 

[elektra]

You know ghawar?

says the fool

 

[Wyatt earp]

Investing in green energy doesn't raise the cost of fossil fuels,
Drilling in environmentally sensitive areas makes no sense
An Israeli pipeline does not effect our production.

Investing in green energy doesn't raise the cost of fossil fuels,


No kidding that's why Biden raised gas prices to $3 bucks a gallon



.

 

[Wyatt earp]

I just know the oil business for the past 65 years.

Using hair grease for 65 years or KY jelly doesn't qualify you as an expert, sorry