Now this is winning!
JoMa
Drill Baby, Drill!
Now THIS is Making America Great Again.
Here in North Central Taxes regular unleaded is now below $2 a gallon.
But the Democrats are soooooo smart they want to wreck all of this.
You just can’t fix stupid with most Democrats.
Lots of the wells that were drilled in the Marcellus were never produced because the collection lines hadn’t been built. That’s ongoing now. There’s a huge flood of oil and gas that will be coming to market. I suspect drilling won’t be a priority until the wells drilled during the Obama fiasco are all producing.
That’s one of those things the Democrats can’t admit they got completely wrong.
$2.07 NE of Atlanta according to GasBuddy a couple of days ago. Not that cheap everywhere in N. Ga but I filled up a couple of times at 2.17 about 50 miles north of Atlanta.
Good for me, my wallet and my cargo van.
darn that Trump! With Obama we could’ve had #4.00 gal gas and crippling unemployment. All those NWO dreams will be put on hold.
But... but... but... PEAK OIL!
“Weaker global growth” let me see...with oil prices low it is cheaper to use any item or material that is in anyway interconnected to oil and this would free up cash that if prices were high would not be available ...? What a crock of shit ....I swear the writing and economic forecasting in most rags is blatant idiocy ....probably went to the colleges that produced the “scientists” who want to seed our atmosphere to cause Sun cooling effect. I am SO glad I spurned college in exchange for self-employment and a lot of time at the beach after high school and before entering the Army.
The growth in oil production is bigger than the Saudi growth from 1969-1975. The consequences are just as big.
The US grew oil production from 9 million barrels a day to over 11 million barrels @ day in about 18 months.
Judging by the backlog—It looks like the US is on track to grow oil production by another 2 million barrels @ day in the next 18 months.
I’m not sure this will happen because falling oil prices will put a damper on production. However, they will also be an enormous economic stimulus.
The fed can’t raise interest rates when oil prices are falling either.
So while oil production increases may slow down for the next year—falling oil prices will cause a surge in worldwide economic growth—which will in turn spur more demand for oil.