Economy Gas Prices!

I see those stickers with the former vice presidents stupid face pointing and saying "I did this" on gas pumps... Funny shit...
 
ShadowRun said:
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That's a stupid tweet. And the reason that oil companies are reluctant to suddenly increase drilling and production by a large degree isn't because of regulations or lack of permits to lands, it's because before the pandemic they were getting very low and poor returns on their oil and gas assets, and they do not want this to occur again once prices begin dropping (which will eventually happen). But, hey, let's simply post a tweet from a GOP politician without even really thinking about the issue........
 
The government is run by morons who couldn't pass basic economics. The gas companies will hold their gas back until Bidens little strategic relief is over then go back to work. And begging terrorist countries to give us oil doesn't look good. Good job Brandon!
 
Danger Dave said:
The government is run by morons who couldn't pass basic economics. The gas companies will hold their gas back until Bidens little strategic relief is over then go back to work. And begging terrorist countries to give us oil doesn't look good. Good job Brandon!
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No, this has nothing to do with the government, rather it's oil and gas companies that do not want to increase drilling and production by much because they do not want to lose a lot of money in the future by having an over supply of oil and gas (like they had from 2014-2020) and not commensurate demand. They only lose money when this happens and it's exactly why the energy industry has done so poorly the last 7 or so years.
 
Gas prices always fluctuate and have been higher than this before.
 
steveflynn said:
No, this has nothing to do with the government, rather it's oil and gas companies that do not want to increase drilling and production by much because they do not want to lose a lot of money in the future by having an over supply of oil and gas (like they had from 2014-2020) and not commensurate demand. They only lose money when this happens and it's exactly why the energy industry has done so poorly the last 7 or so years.
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You just affirmed what I said in this post lol.
 
steveflynn said:
That's a stupid tweet. And the reason that oil companies are reluctant to suddenly increase drilling and production by a large degree isn't because of regulations or lack of permits to lands, it's because before the pandemic they were getting very low and poor returns on their oil and gas assets, and they do not want this to occur again once prices begin dropping (which will eventually happen). But, hey, let's simply post a tweet from a GOP politician without even really thinking about the issue........
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The infrastructure is there, and the skilled labor and the engineering. Oil companies more than many other businesses can fly into production when the business climate is right for them to do so. Mega Oil companies make hay when the sun shines and then layoff everyone and close/sell off facilities and machinery when they don’t need it/the numbers aren’t there. They don’t much fret about the future.
 
steveflynn said:
That's a stupid tweet. And the reason that oil companies are reluctant to suddenly increase drilling and production by a large degree isn't because of regulations or lack of permits to lands, it's because before the pandemic they were getting very low and poor returns on their oil and gas assets, and they do not want this to occur again once prices begin dropping (which will eventually happen). But, hey, let's simply post a tweet from a GOP politician without even really thinking about the issue........
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Yea the closing of the pipelines and stopping permits has nothing to do with it and covid magically effected it the way you are saying in Jan of this year ….we were the highest production of oil the last few years has that changed ?
 
ShadowRun said:
Yea the closing of the pipelines and stopping permits has nothing to do with it and covid magically effected it the way you are saying in Jan of this year ….we were the highest production of oil the last few years has that changed ?
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You do realize that it takes years for new oil and gas projects to begin and start producing? Even if all of the approvals got passed it would still take, at the bare minimum, a couple years for the projects to produce new oil and gas. Again, oil and gas companies are not going to just begin new projects because they do not want to again face the same environment they were in from 2014 to 2020 when there was an overabundance of oil but poorer demand. This is pretty basic stuff and it's a bit more complicated that just reposting a tweet from Dan Crenshaw.
 
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Danger Dave said:
The government is run by morons who couldn't pass basic economics. The gas companies will hold their gas back until Bidens little strategic relief is over then go back to work. And begging terrorist countries to give us oil doesn't look good. Good job Brandon!
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Kamala, the health secretary, Mayor Pete, Walinsky…. This retard



All to check woke boxes, but devoid of competent ability
 
Fugazy said:
The infrastructure is there, and the skilled labor and the engineering. Oil companies more than many other businesses can fly into production when the business climate is right for them to do so. Mega Oil companies make hay when the sun shines and then layoff everyone and close/sell off facilities and machinery when they don’t need it/the numbers aren’t there. They don’t much fret about the future.
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Oil companies have been actually scaling down dramatically future drilling projects (Exxon Mobil, in particular) because they've generated very poor returns (over the past decade or so) from producing excessive quantities of oil (without matching demand for it). They're doing this and have been doing this clearly to focus on their bottom lines and not out of some kind of goodwill for the country.
 
steveflynn said:
Oil companies have been actually scaling down dramatically future drilling projects (Exxon Mobil, in particular) because they've generated very poor returns (over the past decade or so) from producing excessive quantities of oil (without matching demand for it). They're doing this and have been doing this clearly to focus on their bottom lines and not out of some kind of goodwill for the country.
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Yea they are saving the oil until they can make the most profit off of it. That is literally what businesses are supposed to do, make a profit.
 
What was the peak average price per gallon during the Trump term? It would be weird to compare prices during lockdowns to prices post lockdown, just on a supply and demand level. I think we saw the same line trotted out during the Obama admin, like we didn’t all remember paying higher prices a couple years earlier pre crash.
 
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