Oil will climb to $90 by year-end: Goldman Sachs

[Stringfellow Hawk]

Thank you Biden, I love paying more for GAS!

Goldman Sachs Group Inc. raised its forecast for global crude oil prices to reach $90 per barrel by the end of this year, up from $80, due to supply disruptions in the Gulf of Mexico and signs of strengthening demand.

Brent crude, the international standard, climbed $1.39 at $79.48 per barrel. West Texas Intermediate crude oil, the U.S. benchmark, traded higher by $1.33 at $75.31.

Both Brent and WTI were on track to close at their highest levels since October 2018.

https://www.foxbusiness.com/markets/...-goldman-sachs

[ExpressLane]

That is good for the oilfield worker.

[Hawkeye10]

That is good for the oilfield worker.

The oil business is being strangled by WOKE banks and politicians...so no. What they are doing is speeding up the death of the West because I see approx zero chance that the Empire will follow suit...though they may well claim that they will. We are being placed on an energy diet by our owners to save the planet, they claim....though the WOKE lie constantly just as the Chinese do.

[Hoosier Daddy]

Thank you Biden, I love paying more for GAS!

Goldman Sachs Group Inc. raised its forecast for global crude oil prices to reach $90 per barrel by the end of this year, up from $80, due to supply disruptions in the Gulf of Mexico and signs of strengthening demand.

Brent crude, the international standard, climbed $1.39 at $79.48 per barrel. West Texas Intermediate crude oil, the U.S. benchmark, traded higher by $1.33 at $75.31.

Both Brent and WTI were on track to close at their highest levels since October 2018.

https://www.foxbusiness.com/markets/...-goldman-sachs

what does biden have to do with it? how do you even manage to type out sentences being as stupid as you are? and it is not really all that high, historically speaking....

https://www.macrotrends.net/1369/cru...-history-chart

[Stringfellow Hawk]

what does biden have to do with it? how do you even manage to type out sentences being as stupid as you are? and it is not really all that high, historically speaking....

https://www.macrotrends.net/1369/cru...-history-chart

We were an exporter of oil before Biden, we are now an importer and energy dependent dumbfuck

[Nordberg]

We were an exporter of oil before Biden, we are now an importer and energy dependent dumbfuck

Really, what did he do? he is pushing electric. So unlike you, he knows we can get away from OPEC. I bet you know gasoline price is determined on a commodity market. it is way beyond demand and supply.

[T. A. Gardner]

That is good for the oilfield worker.

Who already makes about $20,000 more per year than the green energy worker...

[Hoosier Daddy]

We were an exporter of oil before Biden, we are now an importer and energy dependent dumbfuck

no, asshole. you are brainwashed. our net export and import gave us a small surplus, but that was due to our export of jet fuel and refined fuel and the like, nor crude oil, dumbfuck. we kept importing millions of barrels from Mexico and Canada and others during traitor trump's bullshit presidency, dumbass.

https://www.census.gov/foreign-trade...rical/petr.pdf

[Stringfellow Hawk]

no, asshole. you are brainwashed. our net export and import gave us a small surplus, but that was due to our export of jet fuel and refined fuel and the like, nor crude oil, dumbfuck. we kept importing millions of barrels from Mexico and Canada and others during traitor trump's bullshit presidency, dumbass.

https://www.census.gov/foreign-trade...rical/petr.pdf

Hey Fuck Stick,

Wicker: Biden Undermines U.S. Energy Independence
Gas Prices Surge as Biden Targets U.S. Oil Production

As summer draws to a close, Mississippians are feeling more pain at the pump with gas prices continuing to soar. After starting the year near $2 per gallon, gas in Mississippi has now reached an average of $2.78. The same pattern is occurring across the country, with national gas prices surging by 40 percent this year alone. This additional cost is impacting hardworking American families who are recovering from the pandemic and depend on their cars and trucks to access work and daily necessities.

These rising gas prices are a direct result of President Biden’s energy agenda. Since taking office, Mr. Biden has systematically dismantled President Trump’s policies that helped the U.S. become energy independent. In his first week, President Biden killed the Keystone XL Pipeline project, which would have brought oil to American refineries and supported up to 11,000 jobs. Later, he cut off expansion of a tremendous source of American oil and natural gas by suspending new drilling leases on federal lands and waters. He also rejoined the Paris Climate Agreement, which will kill energy jobs while doing little to protect the environment.

Democrats in Congress have plans to escalate this assault on American energy. Their massive tax-and-spending proposal would include “Green New Deal” style tax hikes and other restrictions on traditional energy sources, which would likely result in higher energy costs for American households.

These decisions will have lasting consequences for our energy producers, the jobs the industry supports, and all American families that depend on traditional power sources.

Biden Wants Foreign Oil, Not American Oil

Even as President Biden cracks down on American production, he is actively encouraging our foreign competitors to boost their own oil output. Earlier this month, in response to rising gas prices, the President went hat in hand to OPEC+, a revamped cartel of oil-producing nations that now includes Russia and Venezuela. Mr. Biden is asking that they step up their own oil production to lower gas prices in the U.S.

It is absurd that American consumers should be at the mercy of a group like OPEC+. Before President Biden took office, the United States had become the world’s largest oil producer thanks to groundbreaking new drilling technologies, such as fracking. In 2019, for the first time since 1973, we exported more petroleum than we imported. This tremendous feat helped to insulate America from supply shortages abroad and protect against disruptive swings in oil prices. Now, President Biden has surrendered this advantage and made us more dependent on foreign countries for energy.

Republicans Fight to Protect U.S. Energy

Republicans are taking every step we can to protect America’s energy security. Recently, I joined 23 senators in urging the President to reverse his request to OPEC+ for more oil. The United States should not be begging foreign countries for energy when we have enough resources to meet the need. I also joined a letter asking the Biden Administration to lighten the burden of the Renewable Fuel Standard, a regulation that threatens the future of many refineries in America.

Republicans were also successful in passing a pro-energy amendment to the Democrats’ budget proposal. The amendment, sponsored by Senator Kevin Cramer of North Dakota, would prevent the Biden Administration from banning fracking, which has helped us achieve energy independence and lower gas prices. Republicans will continue to make every effort to mitigate the worst of President Biden’s anti-American energy agenda.

Permalink: https://www.wicker.senate.gov/public...y-independence

[Stringfellow Hawk]

Really, what did he do? he is pushing electric. So unlike you, he knows we can get away from OPEC. I bet you know gasoline price is determined on a commodity market. it is way beyond demand and supply.

Wicker: Biden Undermines U.S. Energy Independence
Gas Prices Surge as Biden Targets U.S. Oil Production

As summer draws to a close, Mississippians are feeling more pain at the pump with gas prices continuing to soar. After starting the year near $2 per gallon, gas in Mississippi has now reached an average of $2.78. The same pattern is occurring across the country, with national gas prices surging by 40 percent this year alone. This additional cost is impacting hardworking American families who are recovering from the pandemic and depend on their cars and trucks to access work and daily necessities.

These rising gas prices are a direct result of President Biden’s energy agenda. Since taking office, Mr. Biden has systematically dismantled President Trump’s policies that helped the U.S. become energy independent. In his first week, President Biden killed the Keystone XL Pipeline project, which would have brought oil to American refineries and supported up to 11,000 jobs. Later, he cut off expansion of a tremendous source of American oil and natural gas by suspending new drilling leases on federal lands and waters. He also rejoined the Paris Climate Agreement, which will kill energy jobs while doing little to protect the environment.

Democrats in Congress have plans to escalate this assault on American energy. Their massive tax-and-spending proposal would include “Green New Deal” style tax hikes and other restrictions on traditional energy sources, which would likely result in higher energy costs for American households.

These decisions will have lasting consequences for our energy producers, the jobs the industry supports, and all American families that depend on traditional power sources.

Biden Wants Foreign Oil, Not American Oil

Even as President Biden cracks down on American production, he is actively encouraging our foreign competitors to boost their own oil output. Earlier this month, in response to rising gas prices, the President went hat in hand to OPEC+, a revamped cartel of oil-producing nations that now includes Russia and Venezuela. Mr. Biden is asking that they step up their own oil production to lower gas prices in the U.S.

It is absurd that American consumers should be at the mercy of a group like OPEC+. Before President Biden took office, the United States had become the world’s largest oil producer thanks to groundbreaking new drilling technologies, such as fracking. In 2019, for the first time since 1973, we exported more petroleum than we imported. This tremendous feat helped to insulate America from supply shortages abroad and protect against disruptive swings in oil prices. Now, President Biden has surrendered this advantage and made us more dependent on foreign countries for energy.

Republicans Fight to Protect U.S. Energy

Republicans are taking every step we can to protect America’s energy security. Recently, I joined 23 senators in urging the President to reverse his request to OPEC+ for more oil. The United States should not be begging foreign countries for energy when we have enough resources to meet the need. I also joined a letter asking the Biden Administration to lighten the burden of the Renewable Fuel Standard, a regulation that threatens the future of many refineries in America.

Republicans were also successful in passing a pro-energy amendment to the Democrats’ budget proposal. The amendment, sponsored by Senator Kevin Cramer of North Dakota, would prevent the Biden Administration from banning fracking, which has helped us achieve energy independence and lower gas prices. Republicans will continue to make every effort to mitigate the worst of President Biden’s anti-American energy agenda.

Permalink: https://www.wicker.senate.gov/public...y-independence

[Hoosier Daddy]

Hey Fuck Stick,

Wicker: Biden Undermines U.S. Energy Independence
Gas Prices Surge as Biden Targets U.S. Oil Production

As summer draws to a close, Mississippians are feeling more pain at the pump with gas prices continuing to soar. After starting the year near $2 per gallon, gas in Mississippi has now reached an average of $2.78. The same pattern is occurring across the country, with national gas prices surging by 40 percent this year alone. This additional cost is impacting hardworking American families who are recovering from the pandemic and depend on their cars and trucks to access work and daily necessities.

These rising gas prices are a direct result of President Biden’s energy agenda. Since taking office, Mr. Biden has systematically dismantled President Trump’s policies that helped the U.S. become energy independent. In his first week, President Biden killed the Keystone XL Pipeline project, which would have brought oil to American refineries and supported up to 11,000 jobs. Later, he cut off expansion of a tremendous source of American oil and natural gas by suspending new drilling leases on federal lands and waters. He also rejoined the Paris Climate Agreement, which will kill energy jobs while doing little to protect the environment.

Democrats in Congress have plans to escalate this assault on American energy. Their massive tax-and-spending proposal would include “Green New Deal” style tax hikes and other restrictions on traditional energy sources, which would likely result in higher energy costs for American households.

These decisions will have lasting consequences for our energy producers, the jobs the industry supports, and all American families that depend on traditional power sources.

Biden Wants Foreign Oil, Not American Oil

Even as President Biden cracks down on American production, he is actively encouraging our foreign competitors to boost their own oil output. Earlier this month, in response to rising gas prices, the President went hat in hand to OPEC+, a revamped cartel of oil-producing nations that now includes Russia and Venezuela. Mr. Biden is asking that they step up their own oil production to lower gas prices in the U.S.

It is absurd that American consumers should be at the mercy of a group like OPEC+. Before President Biden took office, the United States had become the world’s largest oil producer thanks to groundbreaking new drilling technologies, such as fracking. In 2019, for the first time since 1973, we exported more petroleum than we imported. This tremendous feat helped to insulate America from supply shortages abroad and protect against disruptive swings in oil prices. Now, President Biden has surrendered this advantage and made us more dependent on foreign countries for energy.

Republicans Fight to Protect U.S. Energy

Republicans are taking every step we can to protect America’s energy security. Recently, I joined 23 senators in urging the President to reverse his request to OPEC+ for more oil. The United States should not be begging foreign countries for energy when we have enough resources to meet the need. I also joined a letter asking the Biden Administration to lighten the burden of the Renewable Fuel Standard, a regulation that threatens the future of many refineries in America.

Republicans were also successful in passing a pro-energy amendment to the Democrats’ budget proposal. The amendment, sponsored by Senator Kevin Cramer of North Dakota, would prevent the Biden Administration from banning fracking, which has helped us achieve energy independence and lower gas prices. Republicans will continue to make every effort to mitigate the worst of President Biden’s anti-American energy agenda.

Permalink: https://www.wicker.senate.gov/public...y-independence

bullshit, moron. the keystone pipeline was NOT DELIVERING, WAS NOT IN SERVICE, STUPID. how can canceling it affect supply?

No, Joe Biden didn't just ban fracking - CNNhttps://www.cnn.com › fracking-ban-biden-federal-leasing
Jan 27, 2021 — President Joe Biden is cracking down on the oil-and-gas industry, but he is not taking the extreme steps the Trump campaign claimed he would ...

Biden fracking policy still doesn't amount to full ban - PolitiFacthttps://www.politifact.com › jan › facebook-posts › bid...
Claim: Says Joe Biden is “following through with a fracking ban.”
Claimed by: Facebook posts
Fact check by PolitiFact: Mostly False

We found that it, too, distorts Biden’s actions by making them appear more sweeping than they really are. In short, Biden is doing what he said he would do if elected — that is, ban new fracking on federal land.

On his first day, Biden signed an executive order that put a hold on all oil and gas development in the Alaska National Wildlife Refuge. On Jan. 27, he signed an additional executive order that pauses new oil and gas leases on federal land, effectively banning new fracking there for as long as the policy lasts. His moves leave current fracking untouched.

[Stringfellow Hawk]

bullshit, moron. the keystone pipeline was NOT DELIVERING, WAS NOT IN SERVICE, STUPID. how can canceling it affect supply?

No, Joe Biden didn't just ban fracking - CNNhttps://www.cnn.com › fracking-ban-biden-federal-leasing
Jan 27, 2021 — President Joe Biden is cracking down on the oil-and-gas industry, but he is not taking the extreme steps the Trump campaign claimed he would ...

Biden fracking policy still doesn't amount to full ban - PolitiFacthttps://www.politifact.com › jan › facebook-posts › bid...
Claim: Says Joe Biden is “following through with a fracking ban.”
Claimed by: Facebook posts
Fact check by PolitiFact: Mostly False

We found that it, too, distorts Biden’s actions by making them appear more sweeping than they really are. In short, Biden is doing what he said he would do if elected — that is, ban new fracking on federal land.

On his first day, Biden signed an executive order that put a hold on all oil and gas development in the Alaska National Wildlife Refuge. On Jan. 27, he signed an additional executive order that pauses new oil and gas leases on federal land, effectively banning new fracking there for as long as the policy lasts. His moves leave current fracking untouched.

Ever heard of forecast dumb dick, it was forecasted to be producing by now, Democrats are so fucking dumb, can't wait till they issue tags to thin some of the brain dead fuckers like yourself out

[Hoosier Daddy]

Ever heard of forecast dumb dick, it was forecasted to be producing by now, Democrats are so fucking dumb, can't wait till they issue tags to thin some of the brain dead fuckers like yourself out

no, it was not, idiot bitch. and it was being built to transport mainly CANADIAN OIL TO OUR REFINERIES IN THE SOUTHERN STATES WHO DON'T MIND FUCKING UP THE ENVIRONMENT AND THEIR CITIZENS' HEALTH FOR PROFITS, STUPID.

Keystone XL pipeline: Why is it so disputed? - BBC Newshttps://www.bbc.com › world-us-canada-30103078
Jan 21, 2021 — A planned 1,179-mile (1,897km) pipeline running from the oil sands of Alberta, Canada, to Steele City, Nebraska, where it would join an existing ...

Keystone Pipeline - Wikipediahttps://en.wikipedia.org › wiki › Keystone_Pipeline
Alberta oil sands — The Keystone pipeline is seen as a way to replace imports of heavy oil-sand crude from Venezuela with more reliable Canadian heavy oil.

[Stringfellow Hawk]

no, it was not, idiot bitch. and it was being built to transport mainly CANADIAN OIL TO OUR REFINERIES IN THE SOUTHERN STATES WHO DON'T MIND FUCKING UP THE ENVIRONMENT AND THEIR CITIZENS' HEALTH FOR PROFITS, STUPID.

Keystone XL pipeline: Why is it so disputed? - BBC Newshttps://www.bbc.com › world-us-canada-30103078
Jan 21, 2021 — A planned 1,179-mile (1,897km) pipeline running from the oil sands of Alberta, Canada, to Steele City, Nebraska, where it would join an existing ...

Keystone Pipeline - Wikipediahttps://en.wikipedia.org › wiki › Keystone_Pipeline
Alberta oil sands — The Keystone pipeline is seen as a way to replace imports of heavy oil-sand crude from Venezuela with more reliable Canadian heavy oil.

Dumbocrats do not understand forecast........noted

[NiftyNiblick]

The internal combustion engine has given us about 130 years of good service.

It's earned its retirement. The oil companies can try to stay alive on aviation fuel for a while.