gas prices up 23 cents in 1 week -11 cents hike today alone

guno said:
Such an ignorant uneducated slug you are , good you weren't around during WWII or maybe your family were fifth columnists also
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THe problem is your unwillingness to recognize and process the truth, not my education or habits.

Your thread banning me is proof that you are weak.
 
signalmankenneth said:
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I would pay $5.00 or more in support of Ukraine and to hurt Russia financially?!!
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There would be no reason to pay more for gas if American oil companies didn't join OPEC under trump
 
anatta said:
i am soo glad I work from home. but this is going to add more inflation. here's another goody i found

New report estimates fertilizer prices to increase by 80%
https://texasfarmbureau.org/new-report-estimates-fertilizer-prices-to-increase-by-80/
Texas farmers are experiencing sticker shock as the price of fertilizer continues to climb. Already up as much as 200% year-over-year, the cost of fertilizing crops is expected to get even more expensive in 2022.

“Coupled with current COVID supply chain issues, this will further stress the production environment for agriculture across the country,” he said. “The current farm safety net is not designed to address these types of rapid production cost increases, which will continue to be a growing concern for farmers across the country, creating an emerging need for assistance.”
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Yep and it's only getting worse.
 
Althea said:
There would be no reason to pay more for gas if American oil companies didn't join OPEC under trump
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iu


The Organization of the Petroleum Exporting Countries (OPEC) was founded in Baghdad, Iraq, with the signing of an agreement in September 1960 by five countries namely Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization.

These countries were later joined by Qatar (1961), Indonesia (1962), Libya (1962), the United Arab Emirates (1967), Algeria (1969), Nigeria (1971), Ecuador (1973), Gabon (1975), Angola (2007), Equatorial Guinea (2017) and Congo (2018).

Ecuador suspended its membership in December 1992, rejoined OPEC in October 2007, but decided to withdraw its membership of OPEC effective 1 January 2020. Indonesia suspended its membership in January 2009, reactivated it again in January 2016, but decided to suspend its membership once more at the 171st Meeting of the OPEC Conference on 30 November 2016. Gabon terminated its membership in January 1995. However, it rejoined the Organization in July 2016. Qatar terminated its membership on 1 January 2019.

This means that, currently, the Organization has a total of 13 Member Countries.

https://www.opec.org/opec_web/en/

opec-countries.webp


Do you see the USA , idiot?

OPEC ≠ "Climate Opec".

The US's biggest oil companies are joining the 'climate OPEC'

The oil majors Exxon, Chevron, and Occidental Petroleum — who represent approximately 10% of US oil & gas supply — will join an industry coalition that aims to address climate change.

With the inclusion of the American heavyweights, the consortium will have 13 members including BP, Total, and Royal Dutch Shell, as well as state-owned companies like Saudi Aramco, China National Petroleum Corporation and Mexico's Pemex.

According to Petion, the bloc will account for 30% of global oil and gas production, roughly the production power of OPEC. Members of this initiative take a pledge to reduce greenhouse gas emissions from energy-intensive industries, improve their efficiencies, and adopt innovative methods to capture and store carbon emissions. They will also contribute to the $1 billion fund that invests in research or business ventures with the potential to achieve these goals.

https://markets.businessinsider.com/commodities/news/uss-biggest-oil-companies-are-joining-the-climate-opec-2018-9-1027575257?op=1
 
signalmankenneth said:
I would pay $5.00 or more in support of Ukraine and to hurt Russia financially?!!
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gross misunderstanding gas prices have been climbing, and Russian gas is still on the market.
it's a fungible commodity.

I guess you're gonna be fine paying that for Iranian oil too -billions going to the mullahs for a stupid deal..
and its' being negotiated by Russia
 
anatta said:
FBN_FS_CHART_BAR_Vertical_NAT_AVG_GAS_PRICES_d-00000002.png


On Friday, oil prices topped $113 in trading.
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Thanks to Putin. I hope the Russian people have the balls to cap Putin in the head and take back their country....but I doubt they have what it takes.
 
Biden and his green team that has lost American energy independence is to blame.

Impeach Slow Joe.
 
Dutch Uncle said:
Thanks to Putin. I hope the Russian people have the balls to cap Putin in the head and take back their country....but I doubt they have what it takes.
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It might happen if he turns to nukes. Gas prices right now are jumping 20 cents/day for absolutely no reason. Sure...blame it on the Putin war. In the past, if someone farted in the Persian Gulf, prices went up.

American petro companies are refusing to pump oil. They are no different than OPEC. Of course, their masters demand it:

The third is that American oil companies, and the investors who fund them, have stopped investing in the ability to extract more oil; what they call 'putting money in the ground'. Instead they've been exercising what Wall Street likes to call 'capital discipline', which means diverting money to shareholders in various ways, and being punished when they don't. This was understandable in the midst of the pandemic, when oil prices went to zero and investors got bludgeoned, but with oil now brimming at a hundred bucks a barrel, you'd think these companies would be pumping like mad. And yet, they are not.
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I read an interesting piece the other day re. sand. Because our oil companies refused to invest in new drilling last year in lieu of paying dividends, now that they want to jump on this hot market they cannot. There is (evidently) a shortage of sand!

We need the Feds. to start a national oil/gas drilling apparatus that will compete with the private sector. We gloated when the fracking industry was pumping like crazy and bragging about our energy independence.

Now they're just another member of OPEC. Landing there with the help of Wall St.
 
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