$125/barrel and rising.

[Jim in CT]

Originally Posted by wdmso

Seems you got ahead of your self
I said oil companies control what’s pumped ,,

And you and many others are suggesting they should pump more to bring down the Price

So if you control demand you directly or indirectly influence price

And oil being priced as a Global commodity supply is controlled by those who pump it . And demand by who needs it..

in a nutshell those who produce control supply and the price

The demand side is not with out influence and with out Covid oil never would have seen 35 bucks a barrel
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but youre all implying oil companies want this, and even higher prices. higher prices aren’t always better. There’s a sweet spot on the price/demand curve and we’re probably past it, and going way up again today.

agreed that covid was the main driver of oil down. And covid relief was a big driver of oil going back up. But there are other forces pushing oil further up than where it was before covid.

Liberalism generally speaking, is anti fossil fuel. you can deny that all you want for political convenience based on current events. But Biden put a halt to all new permits on federal lands for as long as he could, because he promised the greenies he’d do just that.
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[wdmso]

found this

Interesting Facts:
Number of U.S. Oil Rigs in Operation:
December, 2020: 341
December, 2021: 579
We had as many as 2,017 Active U.S. Oil Rigs as recently as 2011 (under Obama), which shows two things. First, that there was actually far less drilling under Trump than Obama, and second, there are plenty of existing U.S. oil rigs that could be restarted, after being voluntarily shut down by oil companies without needing any new drilling sites.
U.S. Production of Crude Oil:
December, 2020: 11.084 Million Barrels/Day
December, 2021: 11.567 Million Barrels/Day
U.S. Net Imports of Crude Oil:
December, 2020: -1.186 Million Barrels/Day
December, 2021: -1.062 Million Barrels/Day
NOTE: A negative number in this category represents net exports, meaning we exported more than we imported.
Russian Oil and Petroleum Product Imported:
December, 2020: 12.898 Million Barrels (416K/Day)
December, 2021: 12.569 Million Barrels (405K/Day)
By every relevant measure, the U.S. oil industry is performing the same or better after one year of Biden than it was after 4 years of Trump.
Source: U.S. Energy Information Administration

[piemma]

F uck it. Just spend the money. When the price gets to a point where the mass population cannot or will not pay it, it'll come down.

Debate all you want. The fact is we "scrubs" have absolutely no control over the price, import, export, drilled, pumped etc, etc.

[wdmso]

Originally Posted by piemma

F uck it. Just spend the money. When the price gets to a point where the mass population cannot or will not pay it, it'll come down.

Debate all you want. The fact is we "scrubs" have absolutely no control over the price, import, export, drilled, pumped etc, etc.

I have always said when gas Goes up rich people don't Care and poor people don't Drive and the middle class gets the shaft

[wdmso]

Originally Posted by Jim in CT

but youre all implying oil companies want this, and even higher prices. higher prices aren’t always better. There’s a sweet spot on the price/demand curve and we’re probably past it, and going way up again today.

agreed that covid was the main driver of oil down. And covid relief was a big driver of oil going back up. But there are other forces pushing oil further up than where it was before covid.

Liberalism generally speaking, is anti fossil fuel. you can deny that all you want for political convenience based on current events. But Biden put a halt to all new permits on federal lands for as long as he could, because he promised the greenies he’d do just that.
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this Poll was this March 2022

Americans Largely Favor U.S. Taking Steps To Become Carbon Neutral by 2050
But just 31% want to phase out use of fossil fuels completely

The new Pew Research Center survey of 10,237 U.S. adults conducted from Jan. 24 to 30, 2022, finds that 69% of U.S. adults prioritize developing alternative energy sources, such as wind and solar, over expanding the production of oil, coal and natural gas


https://www.pewresearch.org/science/...utral-by-2050/

Unless you are a one news source person . I can understand why you would think . Liberalism is Just anti fossil fuel . it's what they tell their viewers all the time ... here is 1 example ( Biden's renewable energy rush is making gas prices skyrocket)

[Jim in CT]

Originally Posted by wdmso

this Poll was this March 2022

Americans Largely Favor U.S. Taking Steps To Become Carbon Neutral by 2050
But just 31% want to phase out use of fossil fuels completely

The new Pew Research Center survey of 10,237 U.S. adults conducted from Jan. 24 to 30, 2022, finds that 69% of U.S. adults prioritize developing alternative energy sources, such as wind and solar, over expanding the production of oil, coal and natural gas


https://www.pewresearch.org/science/...utral-by-2050/

Unless you are a one news source person . I can understand why you would think . Liberalism is Just anti fossil fuel . it's what they tell their viewers all the time ... here is 1 example ( Biden's renewable energy rush is making gas prices skyrocket)

it doesn’t matter what people want, if what they want us unrealistic.

those same people are all going berserk right now because of gas prices

i’d never say we shouldn’t develop better alternatives, i’m all for that. but until those alternatives are up to the task of replacing fossil fuels ( and we are nowhere near that point, we are several decades away), fossil fuels will lead the way. That’s a fact. The greenies may hate that fact, it’s still a fact.

While we still use fossil fuels, nations who sell them in abundance, will get rich. The US can get rich, or countries that hate us can get rich. I’d prefer that Americans get rich over people that wish we were all
dead. Do you disagree?

We are several decades away from getting off fossil fuels. Several decades. Solar and wind aren’t even close to ready to replace oil. Not even close.

I have a huge solar panel system on my home roof. i believe in this stuff. But i can also see the limitations. Liberals can’t see the limitations, because they don’t care about reality, they care about ideology.

Facts matter.
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