Highest gas prices ever! Let's Go, Brandon!

Who is responsible for the highest gas price ever?

  • Total voters
    20
iu


:)​
 
Phantasmal said:
Do you understand how long it takes to produce oil after a lease? Do you understand that some tracts never produce oil? Do you understand oil companies aren’t developing leases.

Please supply evidence Biden has shut down prices.

Do you understand that oil companies are greedy and their policies lead to high gas prices?
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Do you understand that it is futures prices that affect the cost of oil? Do you understand that just being friendly to oil would almost immediately lower oil costs in the US just as being unfriendly (closing down new leases, deliberately stating he was against oil, etc.) added costs?

At this time producers cannot trust the Federal Government to do what it says it will do. They need to stop that. He's canceled leases, had courts overturn his decisions, reinstated leases, dodged and shimmied, but never stood firm.

The number one way that Brandon could lower costs at this moment is to provide regulatory certainty to domestic oil and gas producers.

When the price of oil was $35 less in 2020 we were producing more oil than we are now, and this is not because of "greed" if corporations pumped solely out of "greed" they would be pumping at a record pace to get that high price on their barrels. They don't because Brandon mishandles the regulatory processes governing oil. He's suspended permits, reinstated them, promised new environmental regulations and royalty schemes that have never materialized, and had courts overturn initiatives. This makes it so that nobody can predict what will happen or trust the Feds on this issue. Even with the administration’s commitment to renewable energies and new technology, assurance that oil and gas have not become an enemy of this administration would go a long way toward encouraging investment and growth in oil and gas production.

Even now, with growing demand and exceptionally high oil prices, U.S. producers are still producing 1.6 million barrels per day less than they were in January 2020, when prices were about $35 dollars per barrel less. Fundamentals indicate that U.S. producers should be producing more and expanding drilling to increase production in the future. However, this is not the case. Indications are that large producers aren’t spending the capital needed to ramp up production and instead are focused on maximizing productivity or only drilling enough to keep up with the replacement rate. Most firms that do plan to expand production are small enough in size that production may grow by only 100,000 barrels per day (bpd). Oil prices are high enough that companies should be producing more and planning for growth, but they are not. The White House should be working to alleviate producers’ concerns about environmental regulations, the permitting process and other regulatory issues so that producers can feel confident investing profits in future oil production. After all, more supply means more reasonable prices. This is perhaps the quickest way to lessen pain at the gasoline pump.

Anyway, yes... Brandon's ineptitude has increased our costs. Pretending it is "greed" is absurd.
 
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Althea said:
OMG. You squirm so much it's embarrassing to watch.

Biden didn't shut down fracking. He doesn't have the ability to do that. He DOES have the ability to control the fracking on public land, which he hasn't done because there is no need.
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I edited that post for accuracy. I agree, he doesn't have the power to do that.

Gas prices are still the highest ever, numbnuts!

Today! Right fucking now!

And yes, it's a big deal for everybody.

In hindsight Trump should have been added to the poll.
 
Damocles said:
Do you understand that it is futures prices that affect the cost of oil? Do you understand that just being friendly to oil would almost immediately lower oil costs in the US just as being unfriendly (closing down new leases, deliberately stating he was against oil, etc.) added costs?

At this time producers cannot trust the Federal Government to do what it says it will do. They need to stop that. He's canceled leases, had courts overturn his decisions, reinstated leases, dodged and shimmied, but never stood firm.

The number one way that Brandon could lower costs at this moment is to provide regulatory certainty to domestic oil and gas producers.

When the price of oil was $35 in 2020 we were producing more oil than we are now, and this is not because of "greed" if corporations pumped solely out of "greed" they would be pumping at a record pace to get that high price on their barrels. They don't because Brandon mishandles the regulatory processes governing oil. He's suspended permits, reinstated them, promised new environmental regulations and royalty schemes that have never materialized, and had courts overturn initiatives. This makes it so that nobody can predict what will happen or trust the Feds on this issue. Even with the administration’s commitment to renewable energies and new technology, assurance that oil and gas have not become an enemy of this administration would go a long way toward encouraging investment and growth in oil and gas production.

Even now, with growing demand and exceptionally high oil prices, U.S. producers are still producing 1.6 million barrels per day less than they were in January 2020, when prices were about $35 dollars per barrel less. Fundamentals indicate that U.S. producers should be producing more and expanding drilling to increase production in the future. However, this is not the case. Indications are that large producers aren’t spending the capital needed to ramp up production and instead are focused on maximizing productivity or only drilling enough to keep up with the replacement rate. Most firms that do plan to expand production are small enough in size that production may grow by only 100,000 barrels per day (bpd). Oil prices are high enough that companies should be producing more and planning for growth, but they are not. The White House should be working to alleviate producers’ concerns about environmental regulations, the permitting process and other regulatory issues so that producers can feel confident investing profits in future oil production. After all, more supply means more reasonable prices. This is perhaps the quickest way to lessen pain at the gasoline pump.

Anyway, yes... Brandon's ineptitude has increased our costs. Pretending it is "greed" is absurd.
Click to expand...

Outstanding.
 
Matt Dillon said:
I edited that post for accuracy. I agree, he doesn't have the power to do that.

Gas prices are still the highest ever, numbnuts! And yes, it's a big deal for everybody!
Click to expand...
Of course it is. But when you blindly ascribe the problem to Biden, and cite false policy positions, it's really a non starter.

This was a planned hike in prices. There are a lot of players...many of them on Wall St.. I've posted many links, but you don't read them.

The Putin war severely exasperated the problem, but even that is speculators driving up costs for profit. Oil fell $14/bbl yesterday, and a few more dollars today. Price gouging is causing this 'big deal' as much as anything else.
 
Althea said:
Of course it is. But when you blindly ascribe the problem to Biden, and cite false policy positions, it's really a non starter.

This was a planned hike in prices. There are a lot of players...many of them on Wall St.. I've posted many links, but you don't read them.

The Putin war severely exasperated the problem, but even that is speculators driving up costs for profit. Oil fell $14/bbl yesterday, and a few more dollars today. Price gouging is causing this 'big deal' as much as anything else.
Click to expand...

Biden's campaign platform was to ban fracking. :rolleyes:

He got the US into NAFTA 2 as well. Another job-killing bunch of garbage.
 
Damocles said:
Do you understand that it is futures prices that affect the cost of oil? Do you understand that just being friendly to oil would almost immediately lower oil costs in the US just as being unfriendly (closing down new leases, deliberately stating he was against oil, etc.) added costs?

At this time producers cannot trust the Federal Government to do what it says it will do. They need to stop that. He's canceled leases, had courts overturn his decisions, reinstated leases, dodged and shimmied, but never stood firm.

The number one way that Brandon could lower costs at this moment is to provide regulatory certainty to domestic oil and gas producers.

When the price of oil was $35 less in 2020 we were producing more oil than we are now, and this is not because of "greed" if corporations pumped solely out of "greed" they would be pumping at a record pace to get that high price on their barrels. They don't because Brandon mishandles the regulatory processes governing oil. He's suspended permits, reinstated them, promised new environmental regulations and royalty schemes that have never materialized, and had courts overturn initiatives. This makes it so that nobody can predict what will happen or trust the Feds on this issue. Even with the administration’s commitment to renewable energies and new technology, assurance that oil and gas have not become an enemy of this administration would go a long way toward encouraging investment and growth in oil and gas production.

Even now, with growing demand and exceptionally high oil prices, U.S. producers are still producing 1.6 million barrels per day less than they were in January 2020, when prices were about $35 dollars per barrel less. Fundamentals indicate that U.S. producers should be producing more and expanding drilling to increase production in the future. However, this is not the case. Indications are that large producers aren’t spending the capital needed to ramp up production and instead are focused on maximizing productivity or only drilling enough to keep up with the replacement rate. Most firms that do plan to expand production are small enough in size that production may grow by only 100,000 barrels per day (bpd). Oil prices are high enough that companies should be producing more and planning for growth, but they are not. The White House should be working to alleviate producers’ concerns about environmental regulations, the permitting process and other regulatory issues so that producers can feel confident investing profits in future oil production. After all, more supply means more reasonable prices. This is perhaps the quickest way to lessen pain at the gasoline pump.

Anyway, yes... Brandon's ineptitude has increased our costs. Pretending it is "greed" is absurd.
Click to expand...
The bottom line is money, Damo and oil companies won’t, explore, drill or produce unless it was profitable. It hasn’t been profitable till $100 golden price of oil production. Pretending it isn’t greed is laughable.
 
Brandon mishandles the regulatory processes governing oil. He's suspended permits, reinstated them, promised new environmental regulations and royalty schemes that have never materialized, and had courts overturn initiatives.
This makes it so that nobody can predict what will happen or trust the Feds on this issue.
Even with the administration’s commitment to renewable energies and new technology, assurance that oil and gas have not become an enemy of this administration would go a long way toward encouraging investment and growth in oil and gas production.

Even now, with growing demand and exceptionally high oil prices, U.S. producers are still producing 1.6 million barrels per day less than they were in January 2020,

(DAMO)
 
dukkha said:
Brandon mishandles the regulatory processes governing oil. He's suspended permits, reinstated them, promised new environmental regulations and royalty schemes that have never materialized, and had courts overturn initiatives.
This makes it so that nobody can predict what will happen or trust the Feds on this issue.
Even with the administration’s commitment to renewable energies and new technology, assurance that oil and gas have not become an enemy of this administration would go a long way toward encouraging investment and growth in oil and gas production.

Even now, with growing demand and exceptionally high oil prices, U.S. producers are still producing 1.6 million barrels per day less than they were in January 2020,

(DAMO)
Click to expand...

You should provide the link for what you just quoted. I do believe I posted it previously in this thread with a different quote from it.
 
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