Posted on 10/22/2023 2:58:52 PM PDT by Round Earther
We are currently consuming at least 19.2 million b/d.
Trump's total energy economy was superior.
Trump's economy was self-sufficient in total BTUs for the first time since the 1960s.
Under Trump, we were producing huge amounts of natural gas, wood chips, and ethanol - and selling it abroad.
Also, Biden's record was created after accounting changes.
"A change in the EIA’s calculation methodology has played a key role in the rise to record output..."
"For the week ended Oct. 6, the re-benchmarking resulted in an estimated volume increase of 370,000 barrels a day..."
So why is the gas pump and fuel oil so much higher than it was with Trump ? Giving it away to countries that hate us. ?
I got gas last week for 2.59 a gallon in Madison, GA. The next day it was 2.99. What a difference a day makes with an imbecile at the helm
“Oil pipeline leaks are allowed in California?”
You completely missed the point I was making. Yes, even a small leak turns into a “mountain out of a molehill” situation. My point was the whole industry then takes advantage of this exaggerated “mountain” and price fixes industry wide.
Just paid 4.70 for a gallon of fuel oil . 3.75 a gallon for regular gas while premium Is 4.60 certainly not going down in the northeast.
Americans facing higher gas prices.......Americans being held hostage by Hamas.
And where is your president?
Walking on the beach without a care in the world.
https://twitter.com/RNCResearch/status/1716216066295156900
Just think how much better shaped would be in if Biden hadn’t killed the Keystone Pipeline and drained the strategic reserve.
Excellent post !
It will help but it’s not enough.
I don’t believe this and I see they are playing with the formula again. It makes no sense that Biden has shut down so much and yet production would rise.
You are a liar.
That is a straight up lie. Don’t lie and claim to be something you are not in the mistaken impression it will give you credibility here.
Nope. You are repeating an urban myth that has no base in fact. If you really worked in the industry’s, you would know what your saying is a urban myth from the 1970s
There is not a word for truth in your postings
He a liar. Anther Social Media bot who states things as fact and claims to be “in the industry’s”.
It just another Alt Left social media bot lying because he thinks it gives them credibility
Paid 2.89 here this evening ...
That context is very important. Thank you for making that clear.
In summary, it’s all bullshit, and that’s why we are seeing it printed as good news, so the FJB can run with it while speaking out of both sides of his clown mouth.
In other words, it’s all lies.
US prices are global prices. US producers are free to export petroleum and petroleum products. Higher US production doesnt mean that US consumers get a special deal, directly.
Higher US production means that international prices are less volatile as there is a much smaller US import demand. But this is just one factor in international prices.
From 1971 to 1979 this WAS the case. US producer prices were controlled. This caused a long term decline in US production, and a true dependency on imports. After price controls were phased out eventually US production caught back up again.
Natural Gas Producers and pipelines declared Force Majeure en mass one winter in the 90s because field supply and pipeline infrastructure froze. We up north were SOL. The neighboring utility took my companies supply as it passed through its territory to keep its distribution system pressurized. That forced my company to pull unauthorized gas off another pipeline at great cost to keep its distribution system pressurized. It took years to work through that Force Majeure event.
Please document your small leaks that became molehills and when price fixing occurred. Thank you.
“It took years to work through that Force Majeure event.”
bkmk
The world oil price is almost double what it was three years ago. So whatever a producer can produce they will make twice the amount of money they made three years ago. As a producer if you can increase you production and not increase costs what would you do?
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