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Why oil prices are dropping this summer
The Hill ^ | 06/08/19 | Ellen R. Wald

Posted on 06/08/2019 6:49:48 AM PDT by yesthatjallen

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1 posted on 06/08/2019 6:49:48 AM PDT by yesthatjallen
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To: yesthatjallen

The Dollar has been rising steadily for the last year.


2 posted on 06/08/2019 6:58:55 AM PDT by JPJones (More Tariffs, less income tax.)
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To: yesthatjallen

But Obama said oil prices cannot be fixed by drilling. That Obama guy is really smart they say.


3 posted on 06/08/2019 7:01:38 AM PDT by DariusBane (Liberty and Risk. Flip sides of the same coin. So how much risk will YOU accept? Vive Deo et Vives)
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To: DariusBane

The oil experts were not so smart.


4 posted on 06/08/2019 7:05:33 AM PDT by Destroyer Sailor (Revenge is a dish best served cold.)
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To: yesthatjallen

I never thought I’d see the US producing 12.4 million barrels per day, even though I knew we had the capability.

The Democrats are planning to crush the oil industry and our output if they get control of both houses and the Presidency. And they will if they do.

I believe that they quite literally hate prosperity.


5 posted on 06/08/2019 7:06:17 AM PDT by ChildOfThe60s (If you can remember the 60s........you weren't really there)
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To: yesthatjallen

“The events of the last two months have demonstrated that, despite OPEC’s production decreases, U.S. oil production is simply too strong for the market to worry much about OPEC’s decisions. “

Growing up in a very cold house in the 70’s:

Never thought I’d see the day.

Thank Jesus and Fracking.


6 posted on 06/08/2019 7:07:27 AM PDT by JPJones (More Tariffs, less income tax.)
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To: DariusBane

I don’t believe in my fairly long life (so far) I have ever seen a person who is more “all hat and no cowboy” than is Obama.

Watching him speak without a teleprompter is actually embarrassing.


7 posted on 06/08/2019 7:10:34 AM PDT by billyboy15
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To: Whenifhow; null and void; aragorn; EnigmaticAnomaly; kalee; Kale; 2ndDivisionVet; azishot; ...

p


8 posted on 06/08/2019 7:12:04 AM PDT by bitt (I donate all my chips to erecting electric bleachers in Gitmo!)
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To: yesthatjallen

The left wants gas prices to go up. During the Bush years, they lay in wait at gas stations, ready to snap a picture of the new gas price signs with a 4 instead of a 3.

Gas prices didn’t go up much this spring, and Trump is president, so the media is completely hiding that fact from us.


9 posted on 06/08/2019 7:13:45 AM PDT by I want the USA back (Islam, not a religion, a totalitarian political ideology aiming for world domination. -Wilders)
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To: ChildOfThe60s

We can do better than that if we can get more refineries and pipe lines. Here in the Permian Basin we’re producing more than we can ship and the big tank farms are about full.


10 posted on 06/08/2019 7:14:46 AM PDT by Dusty Road (")
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To: ChildOfThe60s
I believe that they quite literally hate prosperity.

They hate prosperity because it decreases dependence on government.
11 posted on 06/08/2019 7:15:50 AM PDT by slumber1 (Islam delenda est)
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To: ChildOfThe60s

The democrats are Pelagians who believe in the elitism of choice. And those with the most money have the most choice. The pelagian heresy contends that we can save ourselves because there is no such thing as original sin. This fallacy has created a hierarchical society where the working man or woman is devalued.


12 posted on 06/08/2019 7:16:07 AM PDT by RichardMoore (Without the protection of life all other right are void, dump TV and follow a plant based diet)
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To: ChildOfThe60s
I believe that they quite literally hate prosperity.

They don't hate proseperity per se. They hate YOU. They want to impoverish you, imprison you, and kill you. They want to reserve the prosperity for themselves.

It's like leftists and guns. They LOVE guns in the hands of government goons that they control. Guns in YOUR hands? That, they hate.

13 posted on 06/08/2019 7:19:31 AM PDT by NorthMountain (... the right of the peopIe to keep and bear arms shall not be infringed)
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To: yesthatjallen

Just think how high oil prices would be right now without fracking and the subsequent boom in US production. Not only that, but all the jobs it has generated plus how much more secure we are. We need to build more pipelines and refineries, bring ANWR into production and drive our daily output substantially higher.

Then we can all but abandon the Middle East. Let the Yurps and Chinese deal with the headaches. It will be their problem - not ours. I think we’re just a few years away from that so long as the Democrats are not allowed to derail our growth in oil and gas output.


14 posted on 06/08/2019 7:22:08 AM PDT by FLT-bird
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To: yesthatjallen

Why have oil prices fallen? Drill Baby Drill!! Any questions; ask someone else, I’m going for a drive.


15 posted on 06/08/2019 7:22:15 AM PDT by jmaroneps37 (Conservatism is truth. Liberalism is lies.)
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To: yesthatjallen

But Obammy told us the days of cheap gas are behind us!


16 posted on 06/08/2019 7:25:20 AM PDT by Gamecock (In church today, we so often find we meet only the same old world, not Christ and His Kingdom. AS)
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To: JPJones

I haven’t been paying attention to that. I am going to Germany in July, just checked the exchange rate and WOW!


17 posted on 06/08/2019 7:28:38 AM PDT by Gamecock (In church today, we so often find we meet only the same old world, not Christ and His Kingdom. AS)
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To: Destroyer Sailor

https://www.mediamatters.org/research/2012/04/12/myths-and-facts-about-oil-and-gasoline/184527


18 posted on 06/08/2019 7:29:01 AM PDT by DariusBane (Liberty and Risk. Flip sides of the same coin. So how much risk will YOU accept? Vive Deo et Vives)
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To: yesthatjallen

And, Saudi Arabia and the UAE have promised to pick up the production slack resulting from the sanctions on Iranian oil. Part of the rescinding of waivers on sanctions was the promise of supply by Saudi Arabia and the UAE.

The big three now hold significant cards in determining production and price.


19 posted on 06/08/2019 7:33:57 AM PDT by bert ( (KE. NP. N.C. +12)There were Democrat espionage operations on Republican candidates)
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To: DariusBane

He was, and is, a Socialist. Nothing more.


20 posted on 06/08/2019 7:39:34 AM PDT by Shady (One More Time: CO2 is PLANT FOOD! Without it we die. Any questions?)
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