Diesel supply in US at 25 days

Lionfish said:
Screwyou alt lefties and the china virus. That gift from the Chinese only affected Trump's last year in office. During Trump's administration, the world was at relative peace, we had low energy prices, the dollar was stable, the stock market was strong, the border was being secured, China was shitting its pants over tariffs, Trump was forcing NATO to "pay their fair share", and I am missing a full other dozen reasons things were running smoothly. THEN along comes brandon and we are all fucked over his policies. What is wrong with you alt lefties that you cannot understand what a buffoon you put in office. Was it the mean tweets or just your visceral hatred for the fact things were running along pretty smoothly?
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The fact is that negative oil prices were trump's fault. The rest of your claims are suspect. For instance, the Dollar was very stable under Obama, but not under trump. trump was not good for the stock market, but Obama was great for the stock market.
 
Walt said:
A stable low price is good for most of the economy, but not all. A negative price is a disaster for everyone.



Once again, did not happen. Diesel prices went down from $4.238 to $4.207. That is a drop of 3.1 cents.

https://gasprices.aaa.com/
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How are lower prices a disaster for everyone?

Oh, but it did jump .14c a gallon. It didn't go down, as you say.
 
RB 60 said:
How are lower prices a disaster for everyone?
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If prices are too low to invest in the industry, the industry will at least partially collapse, and that will be a disaster for everyone. You get the worst of both worlds, where both the oil sellers are doing badly, and the oil buyers are doing badly.

RB 60 said:
Oh, but it did jump .14c a gallon. It didn't go down, as you say.
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Yesterday, it had gone from $4.238 to $4.207. Today, it went from $4.240 to $4.211. Both these numbers are down. Later today, they will come up with another number, but it will almost certainly be down. Diesel prices are drifting down. That is just a fact.

https://gasprices.aaa.com/
 
Oil prices notch biggest gain in nearly a year after OPEC's ...
CNBC
https://www.cnbc.com › 2023/04/03 › oil-prices-surge-af...
2 days ago — Oil prices soared as much as 8% on the open after OPEC+ announced it was slashing output by 1.16 million barrels per day.

Saudi Arabia has now aligned with Iran and is cutting oil production.


Watch inflation soar even more.

Thanks, Slow Joe.
 
Earl said:
Oil prices notch biggest gain in nearly a year after OPEC's ...
CNBC
https://www.cnbc.com › 2023/04/03 › oil-prices-surge-af...
2 days ago — Oil prices soared as much as 8% on the open after OPEC+ announced it was slashing output by 1.16 million barrels per day.

Saudi Arabia has now aligned with Iran and is cutting oil production.


Watch inflation soar even more.

Thanks, Slow Joe.
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Please tell us what the actions of OPEC have to do with our President.
 
floridafan said:
Please tell us what the actions of OPEC have to do with our President.
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Iran, Saudi Arabia agree to resume relations after tensions
NPR
https://www.npr.org › 2023/03/10 › iran-saudi-arabia-res...
Mar 10, 2023 — DUBAI, United Arab Emirates — Iran and Saudi Arabia on Friday agreed to reestablish diplomatic relations and reopen embassies after years of tension.

Biden has failed to maintain good relations with Saudi Arabia.

They now see Biden's America as weak and ineffectual..and they are right.

Now, Saudi Arabia has established diplomatic ties with the state sponsor of terrorism, Iran.

Do you understand now? Of course you don't.
 
Earl said:
Iran, Saudi Arabia agree to resume relations after tensions
NPR
https://www.npr.org › 2023/03/10 › iran-saudi-arabia-res...
Mar 10, 2023 — DUBAI, United Arab Emirates — Iran and Saudi Arabia on Friday agreed to reestablish diplomatic relations and reopen embassies after years of tension.

Biden has failed to maintain good relations with Saudi Arabia.

They now see Biden's America as weak and ineffectual..and they are right.

Now, Saudi Arabia has established diplomatic ties with the state sponsor of terrorism, Iran.

Do you understand now? Of course you don't.
Click to expand...

You are adding 2+2 and coming up with 6. We have plenty of oil in this country, if only we kept it here and didn't export.
 
Oil prices notch biggest gain in nearly a year after OPEC's ...
CNBC
https://www.cnbc.com › 2023/04/03 › oil-prices-surge-af...
2 days ago — Oil prices soared as much as 8% on the open after OPEC+ announced it was slashing output by 1.16 million barrels per day.

Saudi Arabia has now aligned with Iran and is cutting oil production.


Watch inflation soar even more.

Thanks, Slow Joe.
 
Walt said:
If prices are too low to invest in the industry, the industry will at least partially collapse, and that will be a disaster for everyone. You get the worst of both worlds, where both the oil sellers are doing badly, and the oil buyers are doing badly.



Yesterday, it had gone from $4.238 to $4.207. Today, it went from $4.240 to $4.211. Both these numbers are down. Later today, they will come up with another number, but it will almost certainly be down. Diesel prices are drifting down. That is just a fact.

https://gasprices.aaa.com/
Click to expand...

Oil companies make enough money when prices are low to invest (although Biden has made this more difficult).

Diesel prices have gone up.14c here in the last week. That is a fact.
 
RB 60 said:
Oil companies make enough money when prices are low to invest
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Oil companies do not make any money when prices are negative. They just lose money. With trump's market failure, oil companies have had to pay dividends rather than invest the money.

RB 60 said:
Diesel prices have gone up.14c here in the last week. That is a fact.
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Sorry to hear that. In America, diesel has gone down by 3.9 cents in the last week. God bless America.

https://gasprices.aaa.com/
 
Walt said:
Oil companies do not make any money when prices are negative. They just lose money. With trump's market failure, oil companies have had to pay dividends rather than invest the money.



Sorry to hear that. In America, diesel has gone down by 3.9 cents in the last week. God bless America.

https://gasprices.aaa.com/
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Show me where any oil company has gone bankrupt.

Diesel is up .14c a gallon here. It sucks we have to deal with it along with such high inflation because we have a weak and ignorant president. This shit is on you, Walt.
 
RB 60 said:
Show me where any oil company has gone bankrupt.
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To stay in business, all oil companies have had to pay dividends, and cutback on investment.

RB 60 said:
Diesel is up .14c a gallon here.
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So you keep claiming. Usually prices are not calculated to one hundredth of a penny, so I have to wonder about your claims. No real way to prove your claims.

In America, the average diesel price is down 3.9 cents in the last week. That is provable.

https://gasprices.aaa.com/
 
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