$125/barrel and rising.

[Jim in CT]

where does it stop.

[Raider Ronnie]

I see a lot of fuel siphon hose kits being delivered by Amazon trucks.
With todays technology of cordless drills, someone will come up with a fitting to drill into the bottom of fuel tanks that will self seal and allow to quickly attach a hose & high volume pump (most tanks are plastic now)
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[Pete F.]

Gas prices are rising at their fastest pace ever and have topped $4 for the first time since 2008.

Just a reminder that America gets 1% of its oil from Russia, while Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years.
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[Raider Ronnie]

Originally Posted by Pete F.

Gas prices are rising at their fastest pace ever and have topped $4 for the first time since 2008.

Just a reminder that America gets 1% of its oil from Russia, while Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years.
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What the #^&#^&#^&#^& do you expect when day 1 of your leaders administration he shuts down the pipeline, stops fracking, lays off thousands of workers that made us energy independent making us depend on importing from the rest of the world
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[Pete F.]

Well, this is awkward,US oil production is higher under Biden than Trump. Also, under Trump, purchases of Russian oil INCREASED by 49%.
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[Jim in CT]

Originally Posted by Pete F.

Gas prices are rising at their fastest pace ever and have topped $4 for the first time since 2008.

Just a reminder that America gets 1% of its oil from Russia, while Exxon, Chevron, BP and Shell profits are at their highest level in over 7 years.
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if those companies set prices ( and they don’t) why would they ever let oil dive to $35 a barrel.

what were their profits in 2020 Pete? in the toilet, thats where.
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[Pete F.]

Originally Posted by Jim in CT

if those companies set prices ( and they don’t) why would they ever let oil dive to $35 a barrel.

what were their profits in 2020 Pete? in the toilet, thats where.
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Seven years
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[Jim in CT]

Originally Posted by Pete F.

Well, this is awkward,US oil production is higher under Biden than Trump. Also, under Trump, purchases of Russian oil INCREASED by 49%.
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well, i don’t know, and frankly don’t want to know, where the heck you get your facts from.

according to cnbc, we’re producing a million barrels less a day, than we did in 2019.

some of that is obviously lower demand because of covid. but it’s laughable to say that Biden is pro fossil
fuels. he isn’t, he can’t be, the progressives wouldn’t have supported him in the primary if he was.

https://www.google.com/amp/s/www.cnb...an-yergin.html
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[Jim in CT]

Originally Posted by Pete F.

Seven years
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i asked what their profits were in 2020. your answer is “7 years”?

about right for you.

those companies get crushed when oil is low, make it up when oil is high. that’s the cycle. makes it easy for those with an agenda to cherry pick.
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[wdmso]

Originally Posted by Raider Ronnie

What the #^&#^&#^&#^& do you expect when day 1 of your leaders administration he shuts down the pipeline, stops fracking, lays off thousands of workers that made us energy independent making us depend on importing from the rest of the world
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You mean a canadian pipeline that wasn't built even while your man crush was in offices, or that we imported the same amount of oil from Russia from under Trump... Facking is Natural gas not oil

let's hear what you think energy independent is because Id bet you haven't a clue


But you see a lot of fuel siphon hose kits being delivered by Amazon trucks.

let me guess xray vision

[Nebe]

Originally Posted by wdmso

You mean a canadian pipeline that wasn't built even while your man crush was in offices, or that we imported the same amount of oil from Russia from under Trump... Facking is Natural gas not oil

let's hear what you think energy independent is because Id bet you haven't a clue


But you see a lot of fuel siphon hose kits being delivered by Amazon trucks.

let me guess xray vision

Correct me if I am wrong but the keystone pipeline was built to deliver Canadian oil to ports in the Gulf for export only. (Probably china).
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[wdmso]

2018

Trump Asks Saudi Arabia to Pump More Oil, Citing High Prices
Saudi Arabia confirms Trump spoke with King Salman but doesn’t mention the extra production the U.S. president tweeted about

In an April 2 2020 phone call, Trump told Saudi Crown Prince Mohammed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting oil production, he would be powerless to stop lawmakers from passing legislation to withdraw U.S. troops from the kingdom, four sources familiar with the matter told Reuters.

The effort illustrated Trump’s strong desire to protect the U.S. oil industry from a historic price meltdown as governments shut down economies worldwide to fight the virus. It also reflected a telling reversal of Trump’s longstanding criticism of the oil cartel, which he has blasted for raising energy costs for Americans with supply cuts that usually lead to higher gasoline prices. Now, Trump was asking OPEC to slash output.

people have no historical Memory




https://www.houstonpublicmedia.org/a...trumps-claims/

U.S. Is Not “Energy Independent,” Despite Trump’s Claims

[wdmso]

Originally Posted by Nebe

Correct me if I am wrong but the keystone pipeline was built to deliver Canadian oil to ports in the Gulf for export only. (Probably china).
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You are correct I should have made that Clear. Many people (americans ) Assume that Oil is American Oil, not Canadian shale oil . and is somehow staying in the USA contributing to OUR energy independence


another FYI Gas was 4.11 in 2008 , so gas Today isn't new. and its gone up 50 cents because since Putin invaded

[Pete F.]

Originally Posted by Jim in CT

if those companies set prices ( and they don’t) why would they ever let oil dive to $35 a barrel.

what were their profits in 2020 Pete? in the toilet, thats where.
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Oil Nations, Prodded by Trump, Reach Deal to Slash Production

HOUSTON — Oil-producing nations on Sunday agreed to the largest production cut ever negotiated, in an unprecedented coordinated effort by Russia, Saudi Arabia and the United States to stabilize oil prices and, indirectly, global financial markets.

“President Trump, who spent the last three years criticizing OPEC, became the de facto president of the producer group,” said Helima Croft, head of global commodity strategy at RBC Capital Markets.
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[Jim in CT]

Originally Posted by wdmso

2018

Trump Asks Saudi Arabia to Pump More Oil, Citing High Prices
Saudi Arabia confirms Trump spoke with King Salman but doesn’t mention the extra production the U.S. president tweeted about

In an April 2 2020 phone call, Trump told Saudi Crown Prince Mohammed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting oil production, he would be powerless to stop lawmakers from passing legislation to withdraw U.S. troops from the kingdom, four sources familiar with the matter told Reuters.

The effort illustrated Trump’s strong desire to protect the U.S. oil industry from a historic price meltdown as governments shut down economies worldwide to fight the virus. It also reflected a telling reversal of Trump’s longstanding criticism of the oil cartel, which he has blasted for raising energy costs for Americans with supply cuts that usually lead to higher gasoline prices. Now, Trump was asking OPEC to slash output.

people have no historical Memory




https://www.houstonpublicmedia.org/a...trumps-claims/

U.S. Is Not “Energy Independent,” Despite Trump’s Claims

we’re pumping a million less barrels a day than we were.

is it better to give that money to americans, or to countries that hate us?

Presidents are assumed to own what happens on their watch, not always fair. Bush was blamed y everyone in the left, for the subprime mortgage crisis which he had nothing to do with.

Most people will give Biden credit for covid dying off on his watch, which he doesn’t deserve credit for, but he’ll get it.

Similarly, he’ll be blamed for the soaring gas prices,, which he contributed to, but didn’t completely cause by any means ( also crime, inflation, etc, ). this is why his numbers are where they are.
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[wdmso]

Originally Posted by Jim in CT

we’re pumping a million less barrels a day than we were. the U.S Government does not control oil production in the US not sure why people fail to understand that

is it better to give that money to americans, or to countries that hate us? what Money Jim andgin private companies

Presidents are assumed to own what happens on their watch, not always fair. Bush was blamed y everyone in the left, for the subprime mortgage crisis which he had nothing to do with.

Putin invade Ukraine Not Joe Biden and drove up oil prices

Most people will give Biden credit for covid dying off on his watch, which he doesn’t deserve credit for, but he’ll get it. Jim Biden made an effort trump just Lied Big difference


Similarly, he’ll be blamed for the soaring gas prices,, which he contributed to, (what A lie )but didn’t completely cause by any means ( also crime, inflation, etc, ). this is why his numbers are where they are.
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Jim the facts are not with you... Biden has closed no Oil wells in America he has not taken away any oil leases " Oil and gas companies do not need new leases on public lands ... million acres in total—are not yet being used to produce oil or gas."

Biden outpaces Trump in issuing drilling permits on public lands

https://www.washingtonpost.com/clima...biden-climate/

all you do is regurgitate GOP talking points

[Jim in CT]

Originally Posted by wdmso

Jim the facts are not with you... Biden has closed no Oil wells in America he has not taken away any oil leases " Oil and gas companies do not need new leases on public lands ... million acres in total—are not yet being used to produce oil or gas."

Biden outpaces Trump in issuing drilling permits on public lands

https://www.washingtonpost.com/clima...biden-climate/

all you do is regurgitate GOP talking points

"the U.S Government does not control oil production in the US not sure why people fail to understand that"

On federal land and for offshore, yes it does control. Not sure why you fail to understand that.

"what Money Jim andgin private companies"

The massive oil and natural gas deposits on federal land, which we are sitting on and not cashing in on. Again, you aren't differentiating between privately owned land and federal land like ANWAR.

Wayne, oil is at $120 a barrel. If it was all up to the private sector, why on earth wouldn't they be getting every drop out of the soil? Why do YOU suppose that oil is just sitting there?

"Jim Biden made an effort trump just Lied Big difference"

Trump helped usher in the testing and vaccine infastructure. He didn't "just lie". The "big difference" is between your lefty extremist nonsense, and what actually happened.

Tell me what's false about this statement...By the time Biden took office, you could get testing fairly easily, and we were vaccinating almost a million people a day.

"what A lie "

No it's not. A quote from NPR of all places..."Biden campaigned last year on pledges to end new drilling on federal lands to rein in climate-changing emissions. His pick to oversee those lands, Interior Secretary Deb Haaland, adamantly opposed drilling on federal lands while in Congress and co-sponsored the liberal Green New Deal."

Oil prices are highly speculative. When a president announces he's going to end new drilling on federal lands, that will give the impression that future supply will decrease, which causes the price to increase.

Is NPR lying, Wayne?

Biden didn't halt all US oil production, that would be a lie. But he's not in favor of "drill baby drill" either.

"Biden has closed no Oil wells in America he has not taken away any oil leases "

He stopped issuing new permit approvals on federal lands, until a judge stopped him. And he halted the pipeline. Again, intentionally giving the impression that he's not oil-friendly.

I bought oil futures the day after the election, precisely because I understand this. Paying off very nicely. Was pretty obvious.

"Biden outpaces Trump in issuing drilling permits on public lands"

That's true. But you failed to mention (gee, I wonder why?), that first Biden halted all new approvals on federal lands, until a judge blocked him. Or is NPR lying?

No matter who was POTUS, oil was going to soar once covid slowed down. None of that is Bidens fault. But he campaigned as a green president, and initially blocked all new permits on federal lands.

Again, I assume there's also a reason why Putin didn't invade during Trumps 4 years. That war is having a massive impact on prices, and some of that is on Biden. He projects weakness and senility.

Oil is shooting up on his watch. He caused some, not all, of the price increase. And even what's not his fault at all, will be held against him, because presidents own what happens on their watch.

I would genuinely love to know what you were saying in 2008 when the subprime mortgage crisis exploded. I am positive you blamed it all on Bush because he was the sitting POTUS.

[Pete F.]

The oil industry’s fearmongering would seem to suggest that they are running out of leased lands on which to produce, more than half of all acres currently leased—13.9 million acres in total—are not yet being used to produce oil or gas. Over the past four years, the Trump administration orchestrated a fire sale of public lands, and companies stockpiled leases on millions of those acres. By sitting idle on these leases, the industry is not creating any revenue or jobs—energy or otherwise. It is, however, making a sizable parcel of public lands unavailable for other valuable uses, such as recreation and conservation, at the taxpayer’s loss.
Don’t ignore that the us taxpayers subsidize big oil with billions of dollars, but somehow that’s not socialism.
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[Jim in CT]

Originally Posted by Pete F.

The oil industry’s fearmongering would seem to suggest that they are running out of leased lands on which to produce, more than half of all acres currently leased—13.9 million acres in total—are not yet being used to produce oil or gas. Over the past four years, the Trump administration orchestrated a fire sale of public lands, and companies stockpiled leases on millions of those acres. By sitting idle on these leases, the industry is not creating any revenue or jobs—energy or otherwise. It is, however, making a sizable parcel of public lands unavailable for other valuable uses, such as recreation and conservation, at the taxpayer’s loss.
Don’t ignore that the us taxpayers subsidize big oil with billions of dollars, but somehow that’s not socialism.
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is it fear mongering, or stating fact, to say that Biden campaigned on the promise of no new leases in federal lands.

when you say that while running for potus, and you win, the price of oil is very likely going up.

but trump bad.

you may have to check into rehab in november.
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[detbuch]

Originally Posted by Nebe

Correct me if I am wrong but the keystone pipeline was built to deliver Canadian oil to ports in the Gulf for export only. (Probably china).
Posted from my iPhone/Mobile device

Factcheck.org and politifact say that is not true--slightly more or less than half would be exported out of the U.S.

And it would add jobs in the U.S.

And no matter where it would be sold, if it added to world production, that would lower the price of oil.

The main objection against it was environmental.

[Pete F.]

Originally Posted by Jim in CT

is it fear mongering, or stating fact, to say that Biden campaigned on the promise of no new leases in federal lands.

when you say that while running for potus, and you win, the price of oil is very likely going up.

but trump bad.

you may have to check into rehab in november.
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What rational person would say that if you are sitting on unused reserves equal to everything currently in use that you are running out.

That’s a gigantic free asset that’s being controlled by people other than the ones that own it, for what purpose?

In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil.
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[Jim in CT]

Originally Posted by Pete F.

What rational person would say that if you are sitting on unused reserves equal to everything currently in use that you are running out.

That’s a gigantic free asset that’s being controlled by people other than the ones that own it, for what purpose?

In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil.
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"What rational person would say that if you are sitting on unused reserves equal to everything currently in use that you are running out."

Who said we're running out?

You accuse oil companies of fear-mongering, yet 95% of what you post is wild hyperbole, fear mongering, and paranoid schizophrenia.

"In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year"

Fine, end that...can we also end subsidies to Planned Parenthood?

[wdmso]

Originally Posted by Jim in CT

is it fear mongering, or stating fact, to say that Biden campaigned on the promise of no new leases in federal lands.

when you say that while running for potus, and you win, the price of oil is very likely going up.

but trump bad.

you may have to check into rehab in november.
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And Jim blows right by

13.9 million acres in total—are not yet being used to produce oil or gas.

Jim once again big oil is lying to YOU and so is fox news

The only people refusing to pump more oil are oil companies

In Jan 2016 us fields pumped 9200 barrels 2017 8800 2018 9996
2019 11848. 2020 12750. 2021. 11056

This is just January the totals change around a 1000 barrels a day give or Take facts suck


https://www.eia.gov/dnav/pet/hist/Le...s=MCRFPUS2&f=M
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[Jim in CT]

Originally Posted by wdmso

And Jim blows right by

13.9 million acres in total—are not yet being used to produce oil or gas.

Jim once again big oil is lying to YOU and so is fox news

The only people refusing to pump more oil are oil companies

In Jan 2016 us fields pumped 9200 barrels 2017 8800 2018 9996
2019 11848. 2020 12750. 2021. 11056

This is just January the totals change around a 1000 barrels a day give or Take facts suck


https://www.eia.gov/dnav/pet/hist/Le...s=MCRFPUS2&f=M
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I didn't blow by a single thing. You're the one who can't say out loud that when he first took office, Biden promised no new leases.

It's a speculative marketplace.

Again, it was beyond obvious oil would soar under this administration. Even before any talk of Russia in Ukraine, it was soaring. Part of that, not all but part, is because Biden wanted progressives to believe he was sufficiently green.

The great thing is, in November we get to see if Americans believe your story or mine.

US production is down since Biden took office. He contributed to that. I'm sorry if that fact doesn't serve your individual political agenda.

And you ignored the NPR article I posted, because again, it didn't serve your agenda.

Now in addition to oil, the market is correcting. Again, we have been long overdue for a correction, but there's probably a reason why it's happening now. Many bad things are happening now. Are ANY of them Biden's fault?

[Jim in CT]

Buttigueg tells americans to go buy electric vehicles to avoid impacts of soaring oil prices.

That’s a very practical, a solution available to just about everybody ( average cost of these cars is only about $50,000 and the cars are available everywhere because there are no chip shortages), not even a little bit smug or tone deaf.
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[Pete F.]

Originally Posted by Jim in CT

"What rational person would say that if you are sitting on unused reserves equal to everything currently in use that you are running out."

Who said we're running out?

You accuse oil companies of fear-mongering, yet 95% of what you post is wild hyperbole, fear mongering, and paranoid schizophrenia.

"In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year"

Fine, end that...can we also end subsidies to Planned Parenthood?

So just what are you claiming in your statement is driving the volatility in the price of oil?

“ is it fear mongering, or stating fact, to say that Biden campaigned on the promise of no new leases in federal lands.

when you say that while running for potus, and you win, the price of oil is very likely going up.”

And then the master of whataboutism compares Planned Parenthood to fuel sector subsidies.

OK
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[Jim in CT]

Originally Posted by Pete F.

And then the master of whataboutism compares Planned Parenthood to fuel sector subsidies.

OK
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where did i compare them? i didnt. but falsely claiming that i did, is easier for you than actually responding.
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[wdmso]

The latest rise in UK petrol prices has pushed the cost to more than £7 a gallon, the AA said. Filling up a car with a 55-litre tank now costs nearly £17 more than a year ago, rising from £68.60 to £85.59.

It’s a world issue not a local issue ! Unlike what Fox News is trying to convince its viewers

I think I said if Putin invades don’t be shocked when you see 150 dollar barrel it’s getting close and I’d rather be wrong
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[wdmso]

Originally Posted by Jim in CT

Buttigueg tells americans to go buy electric vehicles to avoid impacts of soaring oil prices.

That’s a very practical, a solution available to just about everybody ( average cost of these cars is only about $50,000 and the cars are available everywhere because there are no chip shortages), not even a little bit smug or tone deaf.
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It’s a more realistic solution for some
But yelling just pump more oil seems to be practical ?

Guess you haven’t seen what a Ford F-150 goes for

Ps EV cars are sold and built by American workers not sure promotion of EV is smug and tone death


Buttigieg slammed for urging electric car buying to counter gas prices

https://nypost.com/2021/11/29/buttig...er-gas-prices/

That’s funny this has been his message since November

Yet your trying to make his comments as new and attached to Ukraine…. Such misrepresentation
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[Jim in CT]

Originally Posted by wdmso

It’s a more realistic solution for some
But yelling just pump more oil seems to be practical ?

Guess you haven’t seen what a Ford F-150 goes for

Ps EV cars are sold and built by American workers not sure promotion of EV is smug and tone death


Buttigieg slammed for urging electric car buying to counter gas prices

https://nypost.com/2021/11/29/buttig...er-gas-prices/

That’s funny this has been his message since November

Yet your trying to make his comments as new and attached to Ukraine…. Such misrepresentation
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yes, pump more oil is, by far, the cheapest and most practical.

i didn’t know the two choices were we electric cars or F-150, no other options? never heard of a honda accord?

many gas cars are also made by american workers. Never heard of GM?

average price of an electric vehicle is what, $50k? their range and lack of charging stations, aren’t practical for massive conversion yet. and if we all bought electric cars tomorrow, where would you suggest the electricity come
from to charge them? do we all have to rub balloons on our heads all day?

there’s a reason why, despite huge federal tax incentives of $7500 on EVs, most people opt for gas.
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