$7/gallon gas is coming

[Anonymous]

Anonymous wrote:

Anonymous wrote:Every member of this administration is incompetent.

You posted this yesterday and it didn't get any traction then, either. What, exactly, is incoherent about wanting to ease short-term supply issues while still trying to wean ourselves off of fossil fuels?

Hey, when you got a good talking point, keep using it, right? It doesn’t matter if it doesn’t make any sense or is redundant even within a thread, shove it in there!

[Anonymous]

Biden gas!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Every member of this administration is incompetent.

You posted this yesterday and it didn't get any traction then, either. What, exactly, is incoherent about wanting to ease short-term supply issues while still trying to wean ourselves off of fossil fuels?

The incoherence is that there are only “long term” solutions to “short term” supply issues. New investment in oil production and and refining are done on 30 to 50 year time horizon. If you want a company to invest in projects that have a 30 to 50 year return profile but you want those projects to be out of business inside of ten years you really have to alter the economics in favor of the oil/refining company or else it would be irrational for the oil/refining company to invest in additional production/capacity.

Would you build a sky rise that you knew you wanted to tear down in five years?

Great, now tell that to your fellow Republican trolls bleating about Sleepy Joe and high gas prices.

No dummy. It’s the Biden admin promising to put the oil and gas industries out of business in ten years. Not the republicans. You are complete buffoon as is your party and now everyone sees what Bidenomics looks like. It’s a teenager running up a credit card without any plan for how to pay it back. Complete incompetence.

[Anonymous]

It’s the Biden admin promising to put the oil and gas industries out of business in ten years.

And what does that have to do with the real world? Oil companies are producing at record or near record levels, so supply there isn’t low. But demand is high.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Every member of this administration is incompetent.

You posted this yesterday and it didn't get any traction then, either. What, exactly, is incoherent about wanting to ease short-term supply issues while still trying to wean ourselves off of fossil fuels?

Why would any business put money and resources into ramping up their production to be told the goal will be to shut it down completely in a decade or less? It’s an asinine ask from someone who clearly doesn’t have any business experience. It’s probably going to be a reason they claim they need to nationalize the oil industry.

[Anonymous]

Anonymous wrote:

It’s the Biden admin promising to put the oil and gas industries out of business in ten years.

And what does that have to do with the real world? Oil companies are producing at record or near record levels, so supply there isn’t low. But demand is high.

The governmental posture (hostility) has contributed to less investment in the space (both upstream and midstream). You seem to be surprised that after hostile rhetoric directed at the industry and acknowledgment that broadly speaking the left of center wants the industry to die, the industry has become cautious about growth.

I wish I could find other accessible links b/c this is sort of outdated. You may not understand exactly what the EIA is telling you here, but I assure you it is scaring the crap out of everybody that does understand it. Essentially, production has remained flat due to the destruction of inventory. Drilled uncompleted wells are tomorrow’s producing wells and they are in clear decline. Some of the issue is supply chain related, some of it labor, but some of it is because of broad negative investor sentiment driven in (large?) part by perceived risk of long term decline of the industry.

https://www.eia.gov/todayinenergy/detail.php?id=49456

[Anonymous]

US policy isn’t the reason gas prices are spiking around the world, including in Canada snd Australia.

[Anonymous]

Anonymous wrote:US policy isn’t the reason gas prices are spiking around the world, including in Canada snd Australia.

But but but but wE wERe tOLd iT wUZ BiDenZ FAuLT!!!!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:US policy isn’t the reason gas prices are spiking around the world, including in Canada snd Australia.

But but but but wE wERe tOLd iT wUZ BiDenZ FAuLT!!!!!

They could save money by staying home to watch the 1/6 hearings.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Every member of this administration is incompetent.

You posted this yesterday and it didn't get any traction then, either. What, exactly, is incoherent about wanting to ease short-term supply issues while still trying to wean ourselves off of fossil fuels?

The incoherence is that there are only “long term” solutions to “short term” supply issues. New investment in oil production and and refining are done on 30 to 50 year time horizon. If you want a company to invest in projects that have a 30 to 50 year return profile but you want those projects to be out of business inside of ten years you really have to alter the economics in favor of the oil/refining company or else it would be irrational for the oil/refining company to invest in additional production/capacity.

Would you build a sky rise that you knew you wanted to tear down in five years?

Sounds like a good reason for nationalization under the auspices of national security: this is a market failure.

Nationalization will almost certainly make shortages worse in the short to medium term. But go ahead and try it.

Failure to deliver long term investment into a product that government officials and material portions of the population don’t want to exist long term is the exact opposite of a market failure.

Oh please. As if the oil and gas industry did a great job with their long term investments. They could have been leading the charge where it comes to building a sustainable energy sector. They could have put the billions spent on climate denial, fighting MPG standards and other things toward any number of more productive and forward looking investments. But they didn't. They failed us all.

[Anonymous]

Still waiting for that $7 gas. Still lagging down in the 5.teen-something range.

Another trumper tempest in a teapot, lolz!

[Anonymous]

Anonymous wrote:Still waiting for that $7 gas. Still lagging down in the 5.teen-something range.

Another trumper tempest in a teapot, lolz!

I'm glad u think that's a low price.🙄

[Anonymous]

Anonymous wrote:

Anonymous wrote:US policy isn’t the reason gas prices are spiking around the world, including in Canada snd Australia.

But but but but wE wERe tOLd iT wUZ BiDenZ FAuLT!!!!!

You sound more and more crazed in every post.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:US policy isn’t the reason gas prices are spiking around the world, including in Canada snd Australia.

But but but but wE wERe tOLd iT wUZ BiDenZ FAuLT!!!!!

You sound more and more crazed in every post.

+1. Im impressed by that poster's commitment to the every-other-letter-capitalized schtick.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:US policy isn’t the reason gas prices are spiking around the world, including in Canada snd Australia.

But but but but wE wERe tOLd iT wUZ BiDenZ FAuLT!!!!!

You sound more and more crazed in every post.

Nope. You're being rightly mocked. Gas prices have spiked in Australia and many other places yet you crazed idiots keep saying it's all Biden's fault.