Posted on 01/20/2021 10:31:32 AM PST by Onthebrink
Prices are going up because Biden won and the Dems have a majority in both houses of Congress. And the anti-oil/natural gas folks will do their best to shut down every power source that does not mean “green.”
Crude oil was over 37 dollars in Nov, yesterday it was over 52.
Gas prices will go up in response to planned steps by the regime to stifle the use of fossil fuels. Expect 3 dollars by summer, more after that. All part of the plan to disable the freedom of travel, and pursue the fraudulent “fight against carbon pollution.”
The Democrat base is far left
No doubt in my mind the Obamas who run the democrat party love them
If you feel otherwise that’s fine
The Republican establishment hates their base....they loathe us
Hi.
Good post.
Checking last week, inventory of both unleaded and Diesel were high for thirty day demand. There has been very little interruption in refinery production or supply of crude.
Premium gas and other products were “normal.”
Energy demand is not outside norms for other petroleum products in the colder state, or increases in kerosene usesge (heating and jp8).
So, basically I haven’t a clue.
5.56mm
We’ll be back to obama 4 and 5 dollar a gallon gas prices very shortly.
Buckle up.
Isn’t it? I’d wager not one in ten people understands what it means to blanket the country with these monstrosities. When they all get built, it’s too late to turn back.
When they reach the end of their useful life (30 or 40 years), there will be no tearing them down. The companies that built them and own them paid no bonds to restore the sites to their original condition (unlike coal companies that pay HUGE bonds for site restoration when the mine closes).
The blades will get removed, but the forest of towers will remain, rusting away, until 100 years later they start falling over in high winds like dead trees in the forest.
Restoration is not easy because each unit has thousands of tons of concrete below ground holding up the tower. Can you imagine how you would get rid of that?
That’s a good part of it. When COVID hit demand for oil dropped like a rock sending prices to the bottom. US production isn’t profitable below about $45 a barrel so fracking and other methods come to a halt. OPEC takes advantage of that by pumping extra to keep prices low in order to bankrupt US producers. We’ve lost a lot of domestic production capacity over the last year and that can’t just be turned back on. Now that the US oil industry is on its knees and we’re more reliant on foreign oil they’re ramping up the prices. Biden certainly isn’t going to do anything to help, it’s almost guaranteed he’s got ol Hunter out there right now collecting his “consulting fees”.
Don’t expect it to get better anytime soon. Oil prices are going to get higher and we’re going to get hammered with inflation too so it’ll be a double edged sword.
***they want to cover the great plains with WINDMILLS!***
Any new movies about the Old West will have CGI background high plains for that reason. No open spaces anymore.
-PJ
Personally I like this one from WILD WILD PLANET. Easier to park.
https://teleportcity3000.files.wordpress.com/2010/11/wwp03.jpg?w=856&h=467
Hi.
I hope you are doing well.
“Crude futures have gone up recently, which is looking out to demand in the next months.”
Good point...the “Green new deal?” Spit.
5.56mm
Anything government is going up.
Salaries
Pensions (MBS “market”)
Govt. Union pensions MBS
Govt. Contractors
These will go up above the inflation rate. On purpose.
And the so called “curve” miraculously” flattened out midnight last night.
Bribes paid to politician have to be paid ..............
Democrats.
Don’t forget that salaries and pensions are taxed so you have to view things going up in the context of the combined effects of inflation and taxes. Struggling to keep pace with inflation and taxes makes it harder for individuals to save and invest too.
The last COLA for Social Security was a paltry 1.3%, same as the COLA for federal retirees.
The 2021 federal civilian pay raise was only 1%.
Many government contractors are influenced by the pay increases the feds are getting. I know; I was one.
” I cannot see an 18 wheeler pulling a long hill under electric power at 2 MPH!!!”
They are already designed and doing great in test. I bought a battery powered chainsaw. Out performs my gas Stihl in every area. Way more torque and cutting power.Best tool I have bought in years.
By the way, rapidly rising medical insurance premiums make it still harder to keep pace with the cost of living.
(As an aside people who don’t have productive investments get left behind because most types of income will lose to inflation overtime. A couple of bad years of inflationary pressures can inflict a lot of damage on one’s financial wellbeing. Anyone who lived through inflationary times can attest to that. Anyone who doesn’t have investments that increase faster than inflation is at risk of falling behind.)
Here in whitmeres Land of Great Lakes (Michigan for those in Rio Linda)
We just received a rate hike of 12 percent for electric cost.
“Other infrastructure investments would help Consumers toward achieving its goal of net-zero carbon emissions by 2040.”
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