• Xenforo Cloud is upgrading us to version 2.3.8 on Monday February 16th, 2026 at 12:00 AM PST. Expect a temporary downtime during this process. More info here

Economy Let's talk gas prices

ironmansnap said:
It’s up 35% by me since November. According to this chart, it hasn’t been this high in 9 years.
I don’t know enough about gas policy to blame all of this on Biden, but I have to assume most of it can be traced back to his policies. Feel free to correct me ...

I know it always goes up in the summer, but it’s only March atm, too early for that annual rise.

View attachment 842234
Click to expand...
New President, new policy, new prices.
 
Bald1 said:
How about bonus points for:
EVs suck in colder climates
There's a lack of options for commercial use
Their carbon footprint has not been proven to be smaller
They do not meet every need
Affordability is a major factor

The biggest champions of EVs live in bubbles.
Click to expand...
I'm not against EVs, but to act like oil and gas is almost on death's door, just because a few Teslas, is ludicrous.
 
ironmansnap said:
It’s up 35% by me since November. According to this chart, it hasn’t been this high in 9 years.
I don’t know enough about gas policy to blame all of this on Biden, but I have to assume most of it can be traced back to his policies. Feel free to correct me ...

I know it always goes up in the summer, but it’s only March atm, too early for that annual rise.

View attachment 842234
Click to expand...

Prices are slightly less than they were this time pre-covid.

High gas prices typically correlate with a good economy. Just saying.
 
All commodities are mooning. Look at lumber and beef. Hyperinflation is fucking real.
 
White Whale said:
Russia believes oil is abiotic and have found it were there was previously none. America could be shooting itself in the foot costing while China and Russia keep drilling because they believe oil will never runout.
Click to expand...

Not just Russia but researchers in Stockholm Sweden think they have shown it to be true as well.

"Researchers at the Royal Institute of Technology (KTH) in Stockholm have managed to prove that fossils from animals and plants are not necessary for crude oil and natural gas to be generated. The findings are revolutionary since this means, on the one hand, that it will be much easier to find these sources of energy and, on the other hand, that they can be found all over the globe."

https://www.sciencedaily.com/releases/2009/09/090910084259.htm
 
KeepingItReal said:
Not just Russia but researchers in Stockholm Sweden think they have shown it to be true as well.

"Researchers at the Royal Institute of Technology (KTH) in Stockholm have managed to prove that fossils from animals and plants are not necessary for crude oil and natural gas to be generated. The findings are revolutionary since this means, on the one hand, that it will be much easier to find these sources of energy and, on the other hand, that they can be found all over the globe."

https://www.sciencedaily.com/releases/2009/09/090910084259.htm
Click to expand...

I hate to break it to you but there are hundreds of underground gas storage facilities that use depleted reserves domes as storage that would highly disagree that oil is abiotic. This is real world application and not some theory. If these depleted reserves continued to produce oil, they wouldn’t be used to storage large volumes of natural gas because you’d have oil coming out with the gas scrambling the compression systems. UGS has been employed for decades and never has one started to reproduce oil.
 
Ophydian said:
I hate to break it to you but there are hundreds of underground gas storage facilities that use depleted reserves domes as storage that would highly disagree that oil is abiotic. This is real world application and not some theory. If these depleted reserves continued to produce oil, they wouldn’t be used to storage large volumes of natural gas because you’d have oil coming out with the gas scrambling the compression systems. UGS has been employed for decades and never has one started to reproduce oil.
Click to expand...
They have taken billions of gallons out of the Gulf of Mexico without making a dent in the oil they see. Also they find oil far deeper than the deepest fossils can even get.
 
Ichibanner said:
Yeah. We need more giant holes in the planet where companies strip mine Lithium.

0000802969_resized_talisonlithiumminegreenbushesaustralia1022.jpg


Bonus points for not having the electrical infrastructure to support charging hundreds of thousands of cars or the ability to recycle all of those batteries.
Click to expand...
Facts. Could just blow up the batteries.
 
White Whale said:
They have taken billions of gallons out of the Gulf of Mexico without making a dent in the oil they see. Also they find oil far deeper than the deepest fossils can even get.
Click to expand...

Because there are billions of barrels in the Gulf of Mexico. The US has an estimated 400 billion barrels of reserves at which we have produced 195 billion barrels. There are 42 gallons in a barrel so if you do math, that’s 16 trillion gallons. And about the second point and I didn’t look up what the current theory is here but plate tectonics is a thing.

Also, we are drilling deeper and deeper wells because we’ve depleted most of the previous reserves. Drilling depth doesn’t mean only vertical as depth takes into account the total drilling distance; which horizontal drilling being a newer technology has greatly benefitted the industry. If oil was abiotic, we wouldn’t need greater depths, oil underground is pressurized and will try to make its way to the surface (high pressure to low pressure). The reserves that come out of the ground today get stuck where they are due to cap rock or clay which is not porous enough to allow the oil to migrate any further.
 
Last edited:
Ophydian said:
I hate to break it to you but there are hundreds of underground gas storage facilities that use depleted reserves domes as storage that would highly disagree that oil is abiotic. This is real world application and not some theory. If these depleted reserves continued to produce oil, they wouldn’t be used to storage large volumes of natural gas because you’d have oil coming out with the gas scrambling the compression systems. UGS has been employed for decades and never has one started to reproduce oil.
Click to expand...

The process of oil production would be slow, that explains it. It could be both though, it could be that at shallow depths oil is there from fossils and at deeper depths oil is produced from the processes which the authors of the article I cited describe.
 
KeepingItReal said:
The process of oil production would be slow, that explains it. It could be both though, it could be that at shallow depths oil is there from fossils and at deeper depths oil is produced from the processes which the authors of the article I cited describe.
Click to expand...

I need to read the article. If my memory is correct I think you’ve mentioned this before. I wouldn’t be surprised if oil is produced by means other than decayed alga and diatoms but I don’t believe it is replenishing.
 
@KeepingItReal Let’s say it is abiotic and it takes a long time to create. I think the real crux here is going to be at what rate is it created verse consumed. My guess is since we are going after more unconventional sources due to depletion that oil being abiotic won’t matter as it isn’t created quickly enough.
 
You must log in or register to reply here.

Latest posts

Forum statistics

Threads
1,281,605
Messages
58,378,801
Members
176,017
Latest member
KTFOPerformance

Share this page

Back
Top