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10 minutes ago, datzenmike said:

Seems to me that if you stop your own production eventually you have to buy it from somewhere else in the world.

 

Well if the US didn't produce more than twice the oil it uses, that might be the case. The fact is, we produce 14.8 billion barrels annually, and use 6.6 billion. The oil supply isn't the issue at the pump, it's the slow opening of refineries that were taken off line during the pandemic. 

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51 minutes ago, paradime said:

 

Well if the US didn't produce more than twice the oil it uses, that might be the case. The fact is, we produce 14.8 billion barrels annually, and use 6.6 billion. The oil supply isn't the issue at the pump, it's the slow opening of refineries that were taken off line during the pandemic. 

Alright, I'll play. Please provide the source for these numbers "...(W)e (USA) produce 14.8 billion barrels annually, and use 6.6 billion."

 

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1 hour ago, datzenmike said:

Seems to me that if you stop your own production eventually you have to buy it from somewhere else in the world.

But - how many of the facts are not fake news?  I count one.  He stopped keystone.  For the other two, stopping fracking is bullshit- he did not do that; and for halting drilling permits, maybe partly true up in the Arctic NWR (but that is a universal black n white statement n he didn’t stop all drilling permits so mostly fake).

 

Last fact - whose oil was running through keystone?  You got it - Canadia?  So that was not going to be US oil.  Was keystone oil going going to be refined in US?  No, it weren’t - it were going outside US for that.  It was just gonna flow through the US.  Go figure.

 

Doing those three things would cause prices to be higher in US.

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1 hour ago, Dav said:

But - how many of the facts are not fake news?  I count one.  He stopped keystone.  For the other two, stopping fracking is bullshit- he did not do that; and for halting drilling permits, maybe partly true up in the Arctic NWR (but that is a universal black n white statement n he didn’t stop all drilling permits so mostly fake).

 

Last fact - whose oil was running through keystone?  You got it - Canadia?  So that was not going to be US oil.  Was keystone oil going going to be refined in US?  No, it weren’t - it were going outside US for that.  It was just gonna flow through the US.  Go figure.

 

Doing those three things would cause prices to be higher in US.

You will forgive, if I reiterate the request for source material. I would ask for such confirmation of any claim that flows against common knowledge, not for esteem of common knowledge, which often lacks, rather for a baseline; a fixed point from where to launch.

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16 hours ago, frankendat said:

Alright, I'll play. Please provide the source for these numbers "...(W)e (USA) produce 14.8 billion barrels annually, and use 6.6 billion."

 

You'll play? But there's no playing in the destruction of America. We only deal in reality here, right?

 

I realized this flows against what you may hold as "common knowledge", but it's from the US Energy Information Administration.  https://www.eia.gov/tools/faqs/faq.php?id=33&t=6

 

17 hours ago, john510 said:

Are you serious ? 

 

You sound pretty sure of yourself John. Would you like to explain your position on this?  

Edited by paradime
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3 hours ago, frankendat said:

You will forgive, if I reiterate the request for source material. I would ask for such confirmation of any claim that flows against common knowledge, not for esteem of common knowledge, which often lacks, rather for a baseline; a fixed point from where to launch.

Sure, I’ll forgive.  For those of us who don’t follow Ratsun as a main news source, this was and is common knowledge.

 

Oh wait a minut, you were asking me for my source - and  not the numbskull who posted that the prez shut down keystone (true dat), stopped drill permits, and stopped fracking.

 

Heres a not true story you’ll never read - “Real estate in all those fracking states (not a slight) has collapsed, house prices are down 85% from last year, all because all the oily covered young men who used to frack with each other no longer do (break my back mountain reference) because the prez has shut down fracking.”

 

Who knew the prez would be against oily young mens - I thought he was a true liberal.

 

See?  There was never that story in any news feed, because it did not happen.  That’s what they call common sense and mostly common knowledge.

 

Ask that numbskull who posted those three truths for his references and you’ll get nothing, except for the fracking part, which I already agreed was true and correct and he wasn’t crazy about that.

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Just a nit but the keystone pipeline has been in operation since 2012 and still going today. Oil goes from Canada to Texas. The keystone XL was a shortcut section with a larger pipe. Otherwise this has no effect on gas prices. Certain politicians blame prices on this and their followers believe them 

https://en.wikipedia.org/wiki/Keystone_Pipeline

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On the internet you can find what ever proof you are looking for. Getting others to believe your truth, well, that's another matter. It's basically a waste of time to think that you can change another's  mind or position with argument, even logical argument. We believe what we believe. Change of belief moves at a glacier pace, there is no eureka moment unless your position is already precarious. Who waltzes through life conscious of their precarious beliefs? When our beliefs are questioned we hold on to them even tighter. My beliefs in a lot of things has been sorely shaken in the last 4 or 5 years. Truth, I'm sure is theoretically out there, but a great evil has plastered over it with bullshit to such a depth that for all intents and purposes it doesn't exist except as a theory.    

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35 minutes ago, bottomwatcher said:

Just a nit but the keystone pipeline has been in operation since 2012 and still going today. Oil goes from Canada to Texas. The keystone XL was a shortcut section with a larger pipe. Otherwise this has no effect on gas prices. Certain politicians blame prices on this and their followers believe them 

https://en.wikipedia.org/wiki/Keystone_Pipeline

That is great news! I suppose I’m watching the wrong news feed. I suppose I should take back what I wrote to show a source two tings n now ask for proof o three.

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My theory on gas prices holds two truths as a constant. 

 

1st, if you want to know what drives an administration's energy policies, look at who's stuffing money into their pockets. 

2nd, if you want to know why sheeple hold a fixed position one way or the other, look no further than the BS hyperbolic marketing both parties are using to sell their corporate donor's long term interests.

 

I have no interest in arguing which is right or wrong, because I don't chose to live in Myopia. And yes, I accept full responsibility for my open minded opinion on this matter.

 

Fracking is done for natural gas, and has (in all practical terms) nothing to do with the price of gasoline.

 

Halting NEW drilling permits is a pointless argument when you consider oil companies have backlogs of existing permits that will keep them busy until dooms day.

 

 Granted, Biden's Keystone "XL" shut down may have an impact on oil supplies a decade from now. Oil markets don’t react to potential longterm effects like this in real time, because there's no way of knowing where oil supply/demand will be 10 years from now. Oil markets react when hurricanes disrupt the immediate oil supply, not when meteorologists announce predictions of a 90-150% increase in hurricanes over the next decade.

 

I see it this way, if halting Keystone expansion is why gas prices are stupid high right now, then why did gas almost double in price between May 2020 and Dec 2020 when Trump had KS fast tracked? It's because oil/gas supply doesn't have the ability to bounce back in real time. Oil shipments and refining capacity don't remain a constant, and just like when someone pumps the brakes on the highway, shit backs up to a crawl behind it. Oil markets react sharply to fluctuating demand along with the potential for sags in the supply chain, so prices rose sharply in 2020 when the economy started reopening. That’s also why oil and gasoline prices are so F'n high today, because new demand is outpacing the supply chan's ability to accelerate and meet it. Look and you'll see the same supply and demand issues are pushing up prices in base metals, lumber, cotton, oats, sugar, microchips, etc. And all of it associated with Covid-19's negative impacts on our economy, aka the flow of goods on the US/world economic highway. Why traffic and the markets take so God damned long to recover, your guess is as good as mine.

 

 

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17 minutes ago, paradime said:

 

My theory on gas prices holds two truths as a constant. 

 

1st, if you want to know what drives an administration's energy policies, look at who's stuffing money into their pockets. 

2nd, if you want to know why sheeple hold a fixed position one way or the other, look no further than the BS hyperbolic marketing both parties are using to sell their corporate donor's long term interests.

 

I have no interest in arguing which is right or wrong, because I don't chose to live in Myopia. And yes, I accept full responsibility for my open minded opinion on this matter.

 

Fracking is done for natural gas, and has (in all practical terms) nothing to do with the price of gasoline.

 

Halting NEW drilling permits is a pointless argument when you consider oil companies have backlogs of existing permits that will keep them busy until dooms day.

 

 Granted, Biden's Keystone "XL" shut down may have an impact on oil supplies a decade from now. Oil markets don’t react to potential longterm effects like this in real time, because there's no way of knowing where oil supply/demand will be 10 years from now. Oil markets react when hurricanes disrupt the immediate oil supply, not when meteorologists announce predictions of a 90-150% increase in hurricanes over the next decade.

 

I see it this way, if halting Keystone expansion is why gas prices are stupid high right now, then why did gas almost double in price between May 2020 and Dec 2020 when Trump had KS fast tracked? It's because oil/gas supply doesn't have the ability to bounce back in real time. Oil shipments and refining capacity don't remain a constant, and just like when someone pumps the brakes on the highway, shit backs up to a crawl behind it. Oil markets react sharply to fluctuating demand along with the potential for sags in the supply chain, so prices rose sharply in 2020 when the economy started reopening. That’s also why oil and gasoline prices are so F'n high today, because new demand is outpacing the supply chan's ability to accelerate and meet it. Look and you'll see the same supply and demand issues are pushing up prices in base metals, lumber, cotton, oats, sugar, microchips, etc. And all of it associated with Covid-19's negative impacts on our economy, aka the flow of goods on the US/world economic highway. Why traffic and the markets take so God damned long to recover, your guess is as good as mine.

 

 

Fracking is also for oil - from the ever reliable Wikipedia:

image.thumb.png.57b48e6dd3802b71e926ecee745c6072.png

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Suspect in Arlington, Texas School Shooting Released From Jail on $75K Bond

 

https://www.msn.com/en-us/news/crime/suspect-in-arlington-texas-school-shooting-released-from-jail-on-2475k-bond/ar-AAPfvlL

 

Teachers Unions Call on Senate to Pass Gun Legislation After Texas High School Shooting

 

https://www.newsweek.com/teachers-unions-call-senate-pass-gun-legislation-after-texas-high-school-shooting-1636661

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1 hour ago, Dav said:

Fracking is also for oil - from the ever reliable Wikipedia:

image.thumb.png.57b48e6dd3802b71e926ecee745c6072.png

 

All true. However, according to the Independent Petroleum Association of America, since 1947 (84 yr) fracking has produced a grand total of 7 billion barrels of oil, and 600 trillion cubic feet of natural gas. So it's safe to say "Fracking is done for natural gas, and has (in all practical terms) nothing to do with the price of gasoline."

https://www.ipaa.org/fracking/

Edited by paradime
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1 minute ago, angliagt said:

          Gas just went up 15 cents a gallon.It's still under $3 -

$2.999.

 

Shit, it's well over $4.50 a gal for regular here in tax happy NorCal. Is this your observation, or can you define those numbers in terms of a specific location, over what period of time, data to support it? 

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17 hours ago, paradime said:

You'll play? But there's no playing in the destruction of America. We only deal in reality here, right?

 

I realized this flows against what you may hold as "common knowledge", but it's from the US Energy Information Administration.  https://www.eia.gov/tools/faqs/faq.php?id=33&t=6

 

 

You sound pretty sure of yourself John. Would you like to explain your position on this?  

You're saying Government policies don't have an effect on oil prices ? I guess you're right.What was i thinking when i believed Newsom's latest gas tax hike increased the cost of a gallon by .12 cents ? Or that underground holding tank fee of .02 cents on every gallon.It's simply just supply and demand.Those great prices we had under Trump were all just coincidence.Biden gets elected and within 2 months we're paying a dollar more,more coincidence.And from the other post ? when did gas almost double in price while Trump was still in office ? How did i miss that ? I fill up a tank twice a week.

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1 hour ago, paradime said:

 

All true. However, according to the Independent Petroleum Association of America, since 1947 (84 yr) fracking has produced a grand total of 7 billion barrels of oil, and 600 trillion cubic feet of natural gas. So it's safe to say "Fracking is done for natural gas, and has (in all practical terms) nothing to do with the price of gasoline."

https://www.ipaa.org/fracking/

 

 

The first "fracking" that I am aware of occurred in Western Colorado when the AEC lowered an old army [Honest John ?] atomic warhead down a well and detonated it.  Atoms for Peace it was called.  After a short while to let the cavern settle, they drilled into the site,  Good gas flow but it was all highly radioactive.

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