$7/gallon gas is coming

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.reuters.com/business/energy/exxons-record-smashing-q3-profit-nearly-matches-apples-2022-10-28/

Exxon 20B PROFIT (not revenue)

There is your "7/gal" straight to the shareholders in the form of dividends and stock prices.

Similar for everything that's overpriced. This has been explained over and over. Companies are reaping HUGE profits. People are paying up. So there is no reason for them to lower prices again. You want to blame someone, blame corporations and their greed. Much easier, I guess, to continue to lie and say it is Biden's fault. What else would I expect from the GOP.

If there is more oil available for drilling, then the oil companies will sell more at a lower price. Instead, with the restrictions, they raise the price so the amount sold will match with demand, rather than being out of inventory.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.reuters.com/business/energy/exxons-record-smashing-q3-profit-nearly-matches-apples-2022-10-28/

Exxon 20B PROFIT (not revenue)

There is your "7/gal" straight to the shareholders in the form of dividends and stock prices.

Similar for everything that's overpriced. This has been explained over and over. Companies are reaping HUGE profits. People are paying up. So there is no reason for them to lower prices again. You want to blame someone, blame corporations and their greed. Much easier, I guess, to continue to lie and say it is Biden's fault. What else would I expect from the GOP.

If there is more oil available for drilling, then the oil companies will sell more at a lower price. Instead, with the restrictions, they raise the price so the amount sold will match with demand, rather than being out of inventory.

When your knowledge of the intricacies of the global oil market is based on something you read about two decades ago in Econ 101.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.reuters.com/business/energy/exxons-record-smashing-q3-profit-nearly-matches-apples-2022-10-28/

Exxon 20B PROFIT (not revenue)

There is your "7/gal" straight to the shareholders in the form of dividends and stock prices.

Similar for everything that's overpriced. This has been explained over and over. Companies are reaping HUGE profits. People are paying up. So there is no reason for them to lower prices again. You want to blame someone, blame corporations and their greed. Much easier, I guess, to continue to lie and say it is Biden's fault. What else would I expect from the GOP.

If there is more oil available for drilling, then the oil companies will sell more at a lower price. Instead, with the restrictions, they raise the price so the amount sold will match with demand, rather than being out of inventory.

wut?

[Anonymous]

I spent $7 on a gallon of Breyer’s ice cream today.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.reuters.com/business/energy/exxons-record-smashing-q3-profit-nearly-matches-apples-2022-10-28/

Exxon 20B PROFIT (not revenue)

There is your "7/gal" straight to the shareholders in the form of dividends and stock prices.

Similar for everything that's overpriced. This has been explained over and over. Companies are reaping HUGE profits. People are paying up. So there is no reason for them to lower prices again. You want to blame someone, blame corporations and their greed. Much easier, I guess, to continue to lie and say it is Biden's fault. What else would I expect from the GOP.

If there is more oil available for drilling, then the oil companies will sell more at a lower price. Instead, with the restrictions, they raise the price so the amount sold will match with demand, rather than being out of inventory.

It will take more than a decade for the leases the GOP wants, to be come productive. It has ZERO impact on the price of oil today. But that is how the GOP gaslights. In fact...

[Anonymous]

Anonymous wrote:I spent $7 on a gallon of Breyer’s ice cream today.

So we’re back to corporations gouging consumers. Breyer’s is owned by Unilever. Do you know how many brands Unilever owns? Most of your store’s freezer space, for one thing. https://en.wikipedia.org/wiki/List_of_Unilever_brands

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.reuters.com/business/energy/exxons-record-smashing-q3-profit-nearly-matches-apples-2022-10-28/

Exxon 20B PROFIT (not revenue)

There is your "7/gal" straight to the shareholders in the form of dividends and stock prices.

Similar for everything that's overpriced. This has been explained over and over. Companies are reaping HUGE profits. People are paying up. So there is no reason for them to lower prices again. You want to blame someone, blame corporations and their greed. Much easier, I guess, to continue to lie and say it is Biden's fault. What else would I expect from the GOP.

If there is more oil available for drilling, then the oil companies will sell more at a lower price. Instead, with the restrictions, they raise the price so the amount sold will match with demand, rather than being out of inventory.

It will take more than a decade for the leases the GOP wants, to be come productive. It has ZERO impact on the price of oil today. But that is how the GOP gaslights. In fact...

Mar 2020 13 million, less production because demand crashed for some reason after that...

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.reuters.com/business/energy/exxons-record-smashing-q3-profit-nearly-matches-apples-2022-10-28/

Exxon 20B PROFIT (not revenue)

There is your "7/gal" straight to the shareholders in the form of dividends and stock prices.

Similar for everything that's overpriced. This has been explained over and over. Companies are reaping HUGE profits. People are paying up. So there is no reason for them to lower prices again. You want to blame someone, blame corporations and their greed. Much easier, I guess, to continue to lie and say it is Biden's fault. What else would I expect from the GOP.

If there is more oil available for drilling, then the oil companies will sell more at a lower price. Instead, with the restrictions, they raise the price so the amount sold will match with demand, rather than being out of inventory.

It will take more than a decade for the leases the GOP wants, to be come productive. It has ZERO impact on the price of oil today. But that is how the GOP gaslights. In fact...

Obama was saying the same thing, that Trump doesn't have a magic wand to lower oil prices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.reuters.com/business/energy/exxons-record-smashing-q3-profit-nearly-matches-apples-2022-10-28/

Exxon 20B PROFIT (not revenue)

There is your "7/gal" straight to the shareholders in the form of dividends and stock prices.

Similar for everything that's overpriced. This has been explained over and over. Companies are reaping HUGE profits. People are paying up. So there is no reason for them to lower prices again. You want to blame someone, blame corporations and their greed. Much easier, I guess, to continue to lie and say it is Biden's fault. What else would I expect from the GOP.

If there is more oil available for drilling, then the oil companies will sell more at a lower price. Instead, with the restrictions, they raise the price so the amount sold will match with demand, rather than being out of inventory.

It will take more than a decade for the leases the GOP wants, to be come productive. It has ZERO impact on the price of oil today. But that is how the GOP gaslights. In fact...

Mar 2020 13 million, less production because demand crashed for some reason after that...

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m

Biden reopened the economy, isn’t that what you wanted? Why weren’t oil companies prepared for the thing they asked for?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.reuters.com/business/energy/exxons-record-smashing-q3-profit-nearly-matches-apples-2022-10-28/

Exxon 20B PROFIT (not revenue)

There is your "7/gal" straight to the shareholders in the form of dividends and stock prices.

Similar for everything that's overpriced. This has been explained over and over. Companies are reaping HUGE profits. People are paying up. So there is no reason for them to lower prices again. You want to blame someone, blame corporations and their greed. Much easier, I guess, to continue to lie and say it is Biden's fault. What else would I expect from the GOP.

If there is more oil available for drilling, then the oil companies will sell more at a lower price. Instead, with the restrictions, they raise the price so the amount sold will match with demand, rather than being out of inventory.

It will take more than a decade for the leases the GOP wants, to be come productive. It has ZERO impact on the price of oil today. But that is how the GOP gaslights. In fact...

Mar 2020 13 million, less production because demand crashed for some reason after that...

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m

Biden reopened the economy, isn’t that what you wanted? Why weren’t oil companies prepared for the thing they asked for?

Because Biden restricted drilling. New leases through this point of a presidency are at approximately 1% of what they were under recent presidents. You'd have to go back 50 years to find comparable numbers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.reuters.com/business/energy/exxons-record-smashing-q3-profit-nearly-matches-apples-2022-10-28/

Exxon 20B PROFIT (not revenue)

There is your "7/gal" straight to the shareholders in the form of dividends and stock prices.

Similar for everything that's overpriced. This has been explained over and over. Companies are reaping HUGE profits. People are paying up. So there is no reason for them to lower prices again. You want to blame someone, blame corporations and their greed. Much easier, I guess, to continue to lie and say it is Biden's fault. What else would I expect from the GOP.

If there is more oil available for drilling, then the oil companies will sell more at a lower price. Instead, with the restrictions, they raise the price so the amount sold will match with demand, rather than being out of inventory.

Do you ever educate yourself? Oil companies have been abandoning leases for drilling. And they are raising prices and doing stock buyback and hoarding money. Bcause they can.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.reuters.com/business/energy/exxons-record-smashing-q3-profit-nearly-matches-apples-2022-10-28/

Exxon 20B PROFIT (not revenue)

There is your "7/gal" straight to the shareholders in the form of dividends and stock prices.

Similar for everything that's overpriced. This has been explained over and over. Companies are reaping HUGE profits. People are paying up. So there is no reason for them to lower prices again. You want to blame someone, blame corporations and their greed. Much easier, I guess, to continue to lie and say it is Biden's fault. What else would I expect from the GOP.

If there is more oil available for drilling, then the oil companies will sell more at a lower price. Instead, with the restrictions, they raise the price so the amount sold will match with demand, rather than being out of inventory.

When your knowledge of the intricacies of the global oil market is based on something you read about two decades ago in Econ 101.

Exactly. Example A of when effing morons get on here with "facts" and pass it off as truth. It's revolting.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I spent $7 on a gallon of Breyer’s ice cream today.

So we’re back to corporations gouging consumers. Breyer’s is owned by Unilever. Do you know how many brands Unilever owns? Most of your store’s freezer space, for one thing. https://en.wikipedia.org/wiki/List_of_Unilever_brands

They should be giving it all away at a loss or for free.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.reuters.com/business/energy/exxons-record-smashing-q3-profit-nearly-matches-apples-2022-10-28/

Exxon 20B PROFIT (not revenue)

There is your "7/gal" straight to the shareholders in the form of dividends and stock prices.

Similar for everything that's overpriced. This has been explained over and over. Companies are reaping HUGE profits. People are paying up. So there is no reason for them to lower prices again. You want to blame someone, blame corporations and their greed. Much easier, I guess, to continue to lie and say it is Biden's fault. What else would I expect from the GOP.

If there is more oil available for drilling, then the oil companies will sell more at a lower price. Instead, with the restrictions, they raise the price so the amount sold will match with demand, rather than being out of inventory.

It will take more than a decade for the leases the GOP wants, to be come productive. It has ZERO impact on the price of oil today. But that is how the GOP gaslights. In fact...

Mar 2020 13 million, less production because demand crashed for some reason after that...

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m

Biden reopened the economy, isn’t that what you wanted? Why weren’t oil companies prepared for the thing they asked for?

Because Biden restricted drilling. New leases through this point of a presidency are at approximately 1% of what they were under recent presidents. You'd have to go back 50 years to find comparable numbers.

That’s completely ignorant of how the industry works. A new lease wouldn’t be close to producing oil, all the best sites are already leased, and there are plenty of leases that haven’t been developed.

If they were producing 13 million in March 2020 then went down to 11 million because of the pandemic, why haven’t they gone back to 13 million? They obviously have the capacity. They must not want to because they are raking in profits with higher prices because of a “shortage” they control.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.reuters.com/business/energy/exxons-record-smashing-q3-profit-nearly-matches-apples-2022-10-28/

Exxon 20B PROFIT (not revenue)

There is your "7/gal" straight to the shareholders in the form of dividends and stock prices.

Similar for everything that's overpriced. This has been explained over and over. Companies are reaping HUGE profits. People are paying up. So there is no reason for them to lower prices again. You want to blame someone, blame corporations and their greed. Much easier, I guess, to continue to lie and say it is Biden's fault. What else would I expect from the GOP.

If there is more oil available for drilling, then the oil companies will sell more at a lower price. Instead, with the restrictions, they raise the price so the amount sold will match with demand, rather than being out of inventory.

It will take more than a decade for the leases the GOP wants, to be come productive. It has ZERO impact on the price of oil today. But that is how the GOP gaslights. In fact...

Mar 2020 13 million, less production because demand crashed for some reason after that...

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m

Biden reopened the economy, isn’t that what you wanted? Why weren’t oil companies prepared for the thing they asked for?

Because Biden restricted drilling. New leases through this point of a presidency are at approximately 1% of what they were under recent presidents. You'd have to go back 50 years to find comparable numbers.

Biden did no such thing.

The issue is that Trump trashed the refineries.

What Biden has restricted is future leases that wouldn't take effect for decades.