Gas prices are out of control!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The problem with gas right now is supply - Saudis/OPEC purposely decreased supply last year, Russian oil is sanctioned, and GOP-aligned American drillers refuse to reopen wells they closed during COVID. They are gunning for Biden.

If I was Biden, I'd take some money from Defense budget and start offering big no-bid contracts to anyone who can start repumping a shuttered well within 30 days. Give some new entrants a chance to eat into the territory of Establishment drillers who are squatting on leases with no movement.


Find more statistics at Statista

America has the largest untapped gas reserves in the world. No one is gunning for Biden. He ORDERED leases offline as soon as he entered office. The Democrat platform was green energy all the time well look where that got us - no climate change bill because they shackled it to social welfare and the highest gas prices in 5 decades.

He ordered a halt on NEW LEASES on federal land. Why? Because drillers are already squatting on thousands of unused federal leases. We still are not back to active drilling levels pre-COVID.

There's no need to lie about the situation. There's plenty of wellheads that can be re-opened and brought back into operation.

So? New leases also bring in millions, regardless of whether the companies are drilling or not.

[Anonymous]

Anonymous wrote:What are prices in the DC area? I'm in Illinois and just filled up today at $5.19/gallon, up from $4.99 a week or two ago.

$5.09 in NW DC
$4.65 in Arlington, VA
$4.75 in Bethesda, MD

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The problem with gas right now is supply - Saudis/OPEC purposely decreased supply last year, Russian oil is sanctioned, and GOP-aligned American drillers refuse to reopen wells they closed during COVID. They are gunning for Biden.

If I was Biden, I'd take some money from Defense budget and start offering big no-bid contracts to anyone who can start repumping a shuttered well within 30 days. Give some new entrants a chance to eat into the territory of Establishment drillers who are squatting on leases with no movement.


Find more statistics at Statista

America has the largest untapped gas reserves in the world. No one is gunning for Biden. He ORDERED leases offline as soon as he entered office. The Democrat platform was green energy all the time well look where that got us - no climate change bill because they shackled it to social welfare and the highest gas prices in 5 decades.

He ordered a halt on NEW LEASES on federal land. Why? Because drillers are already squatting on thousands of unused federal leases. We still are not back to active drilling levels pre-COVID.

There's no need to lie about the situation. There's plenty of wellheads that can be re-opened and brought back into operation.

So? New leases also bring in millions, regardless of whether the companies are drilling or not.

What would companies do with new leases that they are not already doing with thousands of unused leases? Your position makes zero sense.

[Anonymous]

Gas prices have been basically flat for like more than a decade or something so idk what people want.

[Anonymous]

Well, we could nationalize the oil industry like a lot of countries. OK, not that. We could all make an effort to drive less and drive slower and use more efficient vehicles. OK, not that either.

How about we open of the spigot on Venezuelan oil, since they have massive oil reserves? Yes, let's do that.

[Anonymous]

It sucks but we've luxuriated in low gas prices for a long time. We need to be more gas efficient.

[Anonymous]

The diesel price spread is crazy. Like $2-3 more per gallon than regular unleaded.

WTF is happening with diesel? Have major refineries gone offline?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The problem with gas right now is supply - Saudis/OPEC purposely decreased supply last year, Russian oil is sanctioned, and GOP-aligned American drillers refuse to reopen wells they closed during COVID. They are gunning for Biden.

If I was Biden, I'd take some money from Defense budget and start offering big no-bid contracts to anyone who can start repumping a shuttered well within 30 days. Give some new entrants a chance to eat into the territory of Establishment drillers who are squatting on leases with no movement.


Find more statistics at Statista

America has the largest untapped gas reserves in the world. No one is gunning for Biden. He ORDERED leases offline as soon as he entered office. The Democrat platform was green energy all the time well look where that got us - no climate change bill because they shackled it to social welfare and the highest gas prices in 5 decades.

He ordered a halt on NEW LEASES on federal land. Why? Because drillers are already squatting on thousands of unused federal leases. We still are not back to active drilling levels pre-COVID.

There's no need to lie about the situation. There's plenty of wellheads that can be re-opened and brought back into operation.

So? New leases also bring in millions, regardless of whether the companies are drilling or not.

What would companies do with new leases that they are not already doing with thousands of unused leases? Your position makes zero sense.

That was a different person. Maybe the companies who hold the unused leases aren't in a position to drill more but the companies who want a new lease are. There is no reason to artificially lower leases and cause a ramp up in prices to the point that the natural average is $5. None.

[Anonymous]

It is what it is. I admit that last week, for the first time since I was a broke student, I didn't fill my tank all the way up last time I got gas. But, if I cared that much, I'd be less car dependent. I could ride a bike or take public transport, but I'm still driving.

[Anonymous]

no more mean tweets though, amirite?

[Anonymous]

Anonymous wrote:no more mean tweets though, amirite?

You're right - I thank god we didn't have a coup on January 6th.

[Anonymous]

Anonymous wrote:I thought they were supposed to be lowering gas prices??

I can hardly believe how much more money it costs me just to fill up the tank now.

When are they going to do something about this ? (something that actually works this time, please).

lol. They are going much much higher There is nothing to be done in the short term. More oil would help. But dems do not want that.

[Anonymous]

[Anonymous]

Anonymous wrote:It sucks but we've luxuriated in low gas prices for a long time. We need to be more gas efficient.

Says the idiot who never goes anywhere.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I thought they were supposed to be lowering gas prices??

I can hardly believe how much more money it costs me just to fill up the tank now.

When are they going to do something about this ? (something that actually works this time, please).

lol. They are going much much higher There is nothing to be done in the short term. More oil would help. But dems do not want that.

The US alone can't budge gas prices, which is largely based on the global oil price. US oil producers alone can't produce enough additional oil to impact global prices.

Even if Biden were to release a significant amount of the US oil reserves (I don't think this situation merits it), it would be meaningless without timing it with other countries. Given Europe's situation, that's not going to happen.