Gas prices are at all time high

I don't want to keep on trucking as diesel prices are still "Nuts" still more than double what they were 20/21 months ago. Still $5.89 a gallon gas $4.79

 

Home heating oil way more than doubled over the same timeframes.

 

I think this could be attributed to the fact that if oil prices get/got too low then you have companies struggle to survive and home based industry suffers. Brokering a deal to sustain barrel prices so that it is still profitable and attracts new investment, is a way to ensure our home industry stays viable. Although then again you are getting into territory of "too big to fail" which flies in the face of the capitalistic model. Although one is based on competition from superior (or perceived superior) products, while the other is due to over regulation which drives costs of startups.

I'm just tired of paying $6+/a gallon here in cali. Witha 33 gallon tank in my Ram I have to do two transactions due to dollar limits at stations when using debit cards. It's ridiculous.

 

Steve... come on, you can do better than this..

Ok, energy prices in general, but he is widely quoted as saying he wished we would have a gradual increase to European price levels for gasoline--

https://www.politico.com/story/2012/04/uttered-in-2008-still-haunting-obama-in-2012-074892

-------------------

2020.. surely your joking... you forget what happened that year? The Pandemic killed demand, and the bottom fell out of the global speculation market. Crude oil price/barrel actually went negative at one point... This caused the price at the pump to drop dramatically.. it was wonderful to fill my Suburban up for $45 bucks. Great for everyone except the oil companies, who lost a combined 70 Billion dollars that year.

And to make it worst, a petty squabble between Russia and Opec had them both dumping millions of barrels of oil on the market. To resolve this, for the benefit of our US oil companies, was the reason for that meeting and agreement.

As our president, of course Trump worked all the world market producers to cut supply, to help stabilize prices, to help our US oil companies. Gas prices at around a buck a gallon won't work, overhead in that business is way to high to be supported at that price level. That is the true meaning when he said "gas prices are too low".

https://www.reuters.com/article/us-...-as-trump-calls-price-war-crazy-idUSKBN21H216


That is what a businessman who wants to help his country first does. Anything he can to stabilize a entire industry in free fall.

----------------

Nice try... but that out of context nonsense only works on folks who don't know how to use google, and/or have the memory of a fly.. and is the ultimate product of someone who is not ready yet to bail off the sinking ship, but whose ideology causes him to attempt to defend the indefensible.

JW

 

Aaaannndddd,......here comes the "he never said gasoline tho " remark hahaha

 

This is totally false. Keystone continues to operate as it has. Keystone XL is what never opened and was cancelled..

 

Oil companies are making record profits and have NO incentive to make oil cheaper.

 

Man, that's a lot of beer!

 

A realistic update:

https://rumble.com/v1c0lpd-07-12-22...nder-way-saudi-arabia-distances-from-the.html

 

https://rumble.com/v1bjxfd-watch-jo...-from-america-and-sending-it-to-chinese-.html

 

I've greatly reduced driving my SUV while recovering from knee replacement surgery. Haven't left my house in almost 4 days!!

I did notice a price drop from $2.07/litre to $1.90/litre last Saturday morning.

 

The Keystone XL pipeline would actually have made it easier for CANADA to transport nasty, disgusting tar sand derivatives to the US gulf coast for shipment OVERSEAS. The stuff would not have been refined in the US and the products would not have been used in the US. It would have done diddlysquat to help the US oil situation.

Think about it -- if these high prices can't incentivize Big Oil to increase production of relatively cheap offshore oil, would they really increase production of far more difficult to extract tar sands? I guess it doesn't matter -- it wouldn't have helped us anyway...

 

Why was gas $1.78 under different leadership

 

It's all a coincidence.

 

When was the last "New" oil refinery built?
What is the production capacity of the current refineries(meeting EPA overburdened compliance) allowed to operate? What percentage is it at?
You run your engine at max or near max for too long, you know what will happen!
With no backup refineries the problem will get exponentially worse as soon as one fails or needs to be shut down for maintenance...
But wait that would be great for the Climate club.

 

Off shore drilling rigs cost $650,000,000. Not cheap for sure.

 

I didn't need a loan to go grocery shopping either

 

It was a different economic situation? This is a global issue, as much as you all would love to make it a local political issue, it is not.

 

Im fixing up a older truck to flip. Will list it with a full tank of gas to make it more attractive to the prospective buyer. Hey, its nearly a 100$ improvement to the vehicle