Why does OIL keep going higher?

[trobin31]

& Oil has been in a multi-year accumulation, supply was completely shut down globally and the biggest surge in demand since WWII is occuring


I literally told you what was going to happen in stock thread back a long time ago


If you were smart you would have bought instead of making it about something it’s not

[klemopixx]

JFC we have more oil than we know what to do with.

Biden shut down the pipeline dude. W a stroke of a pen he made it impossible to move the crude to the refinery.

Then, with another stroke, he ended all domestic oil leases on Federal land

Just stop now. That is the end of the argument- 2 executive orders that kill your entire POV

The pipeline he "shut down" wasn't even built yet.

[JIBBBY]

The pipeline he "shut down" wasn't even built yet.

Would have been built by now if Biden didn't shut it down and our gas prices would be lower today. FACT!!

[klemopixx]

I forgotten this guy's 2nd point

Trump didn't act immediately

You mean like closing the borders? If I recall his entire term he tried shutting them down

And during covid he closed off China and was met w resistance by Pelosi while she insisted on going fwd w a 2nd sham impeachment.

You can't be this fukking stupid

Once again you easily forget. He waited a MONTH before shutting down the economy. Then he reopened the economy way too early and held political rallies to help it spread.

I'm done talking to you. Keep kissing his ass and believing whatever Fox News tells you. Please don't get vaccinated. I wouldn't wantyou to be a sheep. Can't wait for DeSantis debate him in the primaries.

[MinnesotaFats]

The pipeline he "shut down" wasn't even built yet.

That pipeline is what sets the future price of "break even" for producers.

Instead if a direct shot via pipe to the Gulf from the Baaken, we would need to ship via truck.

Hence the break even point is much higher

Hence less companies drill or produce

Hence supply is controlled by fewer

Hence price goes up

JFC it's like a 2nd grade economic class here...this is simple stuff guys.

Liberals are economically illiterate

[pavyracer]

Would have been built by now if Biden didn't shut it down and our gas prices would be lower today. FACT!!

Yo do not undesratand how oil prices work. A pipeline will not reduce the gas prices. It will actually increase them as their will be mark ups to pay for the pipe construction cost. The oil prices are determined by worldwide demand and supply and the ability of the shipping industry to distribute the oil from the seller to the buyer.

[MinnesotaFats]

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LOL

Pavy thinks oil companies build infrastructure to raise cost and lower margin

Might be the dumbest liberal thing I've heard this week after Biden said his $3TRILLION plan won't cost anything.

Pavy where u getting your gas and how do you define stable?

Looks like GA up a buck (35%) in past 12 months....not stable by my definition.

Show us your gas station

[Brock Landers]

It's a lot higher in Canada.

You guys ever heard of speculation?

How about supply and demand?

[pavyracer]

<a rel='nofollow' href='https://postimages.org/' target='_blank'><img src='https://i.postimg.cc/G3Vn7CHw/Screenshot-20211006-200733-Samsung-Internet.jpg' border='0' alt='Screenshot-20211006-200733-Samsung-Internet'/></a>

LOL

Pavy thinks oil companies build infrastructure to raise cost and lower margin

Might be the dumbest liberal thing I've heard this week after Biden said his $3TRILLION plan won't cost anything.

Pavy where u getting your gas and how do you define stable?

Looks like GA up a buck (35%) in past 12 months....not stable by my definition.

Show us your gas station

https://www.gasbuddy.com/gasprices/georgia

Do you want me to go to take a picture when I pump gas? I'm telling you I have been paying $2.69 here in Georgia.

[JIBBBY]

Yo do not undesratand how oil prices work. A pipeline will not reduce the gas prices. It will actually increase them as their will be mark ups to pay for the pipe construction cost. The oil prices are determined by worldwide demand and supply and the ability of the shipping industry to distribute the oil from the seller to the buyer.

I know America was energy independent under Trump and gas prices were going down. Biden comes in and we are no longer energy independent and gas prices are going up. Don't have to be a rocket scientist to see what's going on.

Green new deal pressure from the far left is killing petrol. Only problem is we aren't all driving electric cars and electric shipping trucks. Inflation is the end result for us all.


It's the Biden policies that are driving up oil prices. Wall Street Journal report breaks it down. https://www.wsj.com/articles/joe-bid...ge-11632950693

[MinnesotaFats]

It's a lot higher in Canada.

You guys ever heard of speculation?

How about supply and demand?

RECORD high in Canada

Pipeline killed it. Even Trudeau called this in March when Biden signed the order

Biden is a fool when it comes to energy...he really is. Canada & the US are linked economically by oil exploration & refining and Biden put a giant obstacle to both those w the pipeline and the drilling leases being axed by EO.

Canada's refined products are heavily taxed to begin with, they pay 2.5x ($1.30) per gallon in climate taxes.

So just keep voting for Democrats and we'll all share the misery they create w their policies

....and there will still be those who defend it.

But it's no coincidence Biden has a record low approval rating for a 10 month term.

He's that fukking bad for EVERY American.

[Thor4140]

Completely wrong take lol

US producers don't want to produce more for fear they'll either receive worthless dollars or be stuck w a massive price drop in near future - even the NY Times wrote on this the other day.

https://www.google.com/amp/s/www.nytimes.com/2021/10/04/business/energy-environment/oil-and-gas-prices-clean-energy.amp.html

If Biden would have just left the Trump policy in place, the stability on the market and domestic independence (along w increased pipeline & refinery jobs) would have been the ideal mix for long term stable low fuel costs for US consumers.

We need stability


We need conservative leadership

Bush and his conservative leadership had us around 5 dollars a gallon. the right wing keystone pipeline was to support the whole world ten times over but unfortunately was shut down which was nothing more than a right wing talking point for nitwits

[lakerboy]

RECORD high in Canada

Pipeline killed it. Even Trudeau called this in March when Biden signed the order

Biden is a fool when it comes to energy...he really is. Canada & the US are linked economically by oil exploration & refining and Biden put a giant obstacle to both those w the pipeline and the drilling leases being axed by EO.

Canada's refined products are heavily taxed to begin with, they pay 2.5x ($1.30) per gallon in climate taxes.

So just keep voting for Democrats and we'll all share the misery they create w their policies

....and there will still be those who defend it.

But it's no coincidence Biden has a record low approval rating for a 10 month term.

He's that fukking bad for EVERY American.

Trudeau was really disappointed that Biden did that. Then he said " Joe Biden was fulfilling his election promise" . No shit but he fukked your country Trudeau you fukking moron. Liberals truly are so stupid it's mind boggling.
Biden has been awful to Canada. The dickhead won't even open the land border. Even Trudeau did that for Americans. The people on both sides near the border got destroyed two summers in a row.
Three more years of this fukking idiot. USA going down the toilet.

[Brock Landers]

Ever notice how electric cars are going to be dominant in the market within 10 years

They require no oil

[JIBBBY]

Ever notice how electric cars are going to be dominant in the market within 10 years

They require no oil

How do think electricity is made? It's not from lightening bolts coming down from the sky Einstein.

Most electricity is generated with steam turbines using fossil fuels.

[MinnesotaFats]

Bush and his conservative leadership had us around 5 dollars a gallon. the right wing keystone pipeline was to support the whole world ten times over but unfortunately was shut down which was nothing more than a right wing talking point for nitwits

Ummm...political and religious issue in the mid east ring a bell?

Cheney literally put a domestic energy agenda in place that got the USA to energy independence in just 10 years (2006-2016). It's a remarkable domestic policy achievement that even Obama had to tip his cap to.

But not Biden
...nope

Biden destroyed all that w a stroke of a pen like he's a fukking king or something.

[pavyracer]

How do think electricity is made? It's not from lightening bolts coming down from the sky Einstein.

Most electricity is generated with steam turbines using fossil fuels.

Only 1% of electricity is produced by oil. There is 20% renewables like wind, solar and hydro, 20% nuclear, 19% coal and 40% natural gas.

Electric cars will make gasoline obsolete in 30 years.

[MinnesotaFats]

Only 1% of electricity is produced by oil. There is 20% renewables like wind, solar and hydro, 20% nuclear, 19% coal and 40% natural gas.

Electric cars will make gasoline obsolete in 30 years.

More stupidity and lies

Here's the facts as cited by Forbes

<a href='https://postimages.org/' target='_blank'><img src='https://i.postimg.cc/tTBcj63J/Screenshot-20211006-222207-Samsung-Internet.jpg' border='0' alt='Screenshot-20211006-222207-Samsung-Internet'/></a><br /><a href='https://poemsonly.com/poem/1511'>my angel poem</a><br />

[pavyracer]

Check the US. The data I provided is for the US.

I believe Germany, France and the Scandinavian countries are 100% fossil free energy producers.

[MinnesotaFats]

<a href='https://postimages.org/' target='_blank'><img src='https://i.postimg.cc/1z2HcKrp/Screenshot-20211006-222710-Samsung-Internet.jpg' border='0' alt='Screenshot-20211006-222710-Samsung-Internet'/></a>

Ok 35% from oil

Fukking 1% you say , GTFOH and go to bed, just embarrassing yourself w every post

[Brock Landers]

How do think electricity is made? It's not from lightening bolts coming down from the sky Einstein.

Most electricity is generated with steam turbines using fossil fuels.

Nuclear
Solar
Hydro
Wind

[Brock Landers]

Only 1% of electricity is produced by oil. There is 20% renewables like wind, solar and hydro, 20% nuclear, 19% coal and 40% natural gas.

Electric cars will make gasoline obsolete in 30 years.

Less that that

[JIBBBY]

Nuclear
Solar
Hydro
Wind

All good but last I checked Tesla cars are like 100 grand to own. Sucks waiting to charge them up at charge stations also. Electric cars and trucks are still to expensive for the average JOE. Those huge lithium car batteries are bank!!

We need cheap gas to keep the economy going. That won't change over night. Truckers use Diesel fuel to deliver everything you buy at stores. Think about that. Dems and Liberals don't understand that and just think about Green new deals.

I don't see 18 wheeler electric delivery trucks being the new thing for a long while.

[Brock Landers]

Bio diesel is used now got trucks

[MinnesotaFats]

Less that that

No way in hell.

The batteries are so toxic that once this technology becomes available to the masses you'll see hydrogen become the actual solution to cars....so we're back to drilling again.

Also we'll never eliminate diesel or other distillates. Too much non car related fuel needs.....gasoline in its present form for cars will be around forever, the % of alternative fuel vehicles will slowly climb but peak in about 15 years. People cannot afford the unsubsidized cost of a "market ready" E vehicle fleet of options from manufacturers in the USA and worldwide gasoline will power the fleet will into the 22nd century.

The world is simply too poor and e vehicles are subsidized so there really isn't a true market price yet....yet it's unaffordable to 90% of the population domestically as is.

[Greget]

Completely wrong take lol

US producers don't want to produce more for fear they'll either receive worthless dollars or be stuck w a massive price drop in near future - even the NY Times wrote on this the other day.

https://www.google.com/amp/s/www.nytimes.com/2021/10/04/business/energy-environment/oil-and-gas-prices-clean-energy.amp.html

If Biden would have just left the Trump policy in place, the stability on the market and domestic independence (along w increased pipeline & refinery jobs) would have been the ideal mix for long term stable low fuel costs for US consumers.

We need stability


We need conservative leadership

Brother, you have no clue what you are talking about. Did you even read the NY Times piece? Didn't think so. Trump policies are a disaster for the American people.

Only a complete idiot would equate what is best for oil companies with what is best for America. Just sit down and shut the F up already, you're not successful.

[lakerboy]

Good read here

https://nationalpost.com/opinion/jesse-kline-the-perfect-storm-threatens-an-energy-crisis-and-canada-isnt-positioned-to-take-advantage-of-it

[JIBBBY]

Biden killing the oil industry.

[Greget]

Biden killing the oil industry.

I wish it were true. Would be a good thing.

[Greget]

Ted fuk face telling his dumb shit voters to not wear a mask..meanwhile.

[Thor4140]

Brother, you have no clue what you are talking about. Did you even read the NY Times piece? Didn't think so. Trump policies are a disaster for the American people.

Only a complete idiot would equate what is best for oil companies with what is best for America. Just sit down and shut the F up already, you're not successful.

Like the other fella said the guy is the biggest partisan hack in this joint regularly sucking trumps rooster. Him and brainwash Jibby think the keystone pipeline was the end all save all. We were going to get a few drops from that shitty filthy oil and took all the environmental hit for it while Canada laughed at us. Let Canada take their filthy oil and find another way to import it. You know what is funny Greggy. I know this big right wing guy who cries daily about this shitty filthy tar sand oil. I said how about they run it thru your yard and see how you like it. He said it would be fine. Well sure enuf in his right wing neighborhood they got one of these Trump nuts who has set up a firing range in his yard. Totally illegal but people are afraid to approach him. Oh and guess what it is the neighbor of the same guy who was fine with the pipeline going thru his yard. LMFAO. He is a bit perturbed. When it effects these scumbags they turn into the biggest hypocrites in the world. Oh and the payday loan scamming Trump nut licker wants to tell us about Dick Cheney. There isn’t a mother fuker on this planet that has caused more harm to this country than that scumbag asshole.

[PromiseLand]

This probably isn't helping

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Dead fish and birds washed ashore in Orange County, California, after a pipeline failure on Saturday caused at least 126,000 gallons of oil to spill into the Pacific Ocean, prompting fresh calls for a permanent end to offshore oil production in the state. <a href="https://t.co/7nEUNCaoeU">https://t.co/7nEUNCaoeU</a></p>&mdash; The New York Times (@nytimes) <a href="https://twitter.com/nytimes/status/1445214693061181441?ref_src=twsrc%5Etfw" >October 5, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

[JIBBBY]

Biden inherited a strong Trump economy. Ruining it slowly and oil price and inflation are on the rise. FACT!! Can't believe the Libs and Dems are pushing for a new 3.5 trillion dollar bill now.

You'll really see gas and food prices explode if any of these HUGE green new deal bills eventually pass.

[Thor4140]

Biden inherited a strong Trump economy. Ruining it slowly and oil price and inflation are on the rise. FACT!! Can't believe the Libs and Dems are pushing for a new 3.5 trillion dollar bill now.

You'll really see gas and food prices explode if any of these HUGE green new deal bills eventually pass.

Inherited a strong economy from Trump LMFAO. It gets funnier every time you say it gullible Jibby

[HockeyRocks]

You low life right wing ignorant Trump supporters must understand that oil prices are determined by the world market.

One reason oil prices are higher is because they're more buyers now since covid has subsided.

You idiots blaming Biden or any President look fukking stupid..