posted Thu, 03/04/2021 - 13:47
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What's up guys? I'm waayyyyy off topic with this but WTF is up with these gas prices?? I'm about ready to start driving my daughter's go-cart to work!
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Makes you realise how easy we get it on the NHS doesn't it when you hear all the thousands of dollars these guys pay on here for stuff we don't even think about. When I had a heart scan that took about an hour to go through I got it for nothing - but privately it would cost over £1000 easily.
100%. We are extremely fortunate to have it mate but we won’t for long if the tories continue with their blatant money grabbing antics.
RustyhookerBelongs in off topic.
Sorry brother lol.. I just looked there is literally a forum called "off topic"... I'll know next time
RustyhookerPoking sarcasm. Lol!
Gas....well the new leader fkd us up on say 1 with executive order that closed tge oil pipeline. Same leader along with nobama has gas prices at 5bucks a gallon during his reign of crap.
Birds of a feather.....
it has nothing to do with the current price jump. Our previous guy forced Saudi Arabia to curtail production under threat of pulling our military, which helped both Russia and our domestic oil industry. That is where the blame lays. And consider this a political warning
It might be worth noting the fact that he is closing down federal lands to drilling as well.
U.S. oil production on federal lands grew to 954.3 million barrels in fiscal 2019, up 28% from fiscal 2016, Interior Department data showed. Drilling on federal land and water generated almost $6 billion in government revenue last year.
About 11 percent of all hydraulic fracturing occurs on federal land. The balance occurs on private and state-owned land. States have jurisdiction on private and state-owned land where the vast majority of fracking is done.
I think he is referring to the Alaska area that was recently auctioned off.
Don't feed the nuts bro. Those arctic lands didn't have drill one in place and the federal auction on the lands showed fuck all for interest.
Lol Come on Pale, I’m Not feeding the nuts. Just stating the truth. When you shut down energy leases on federal lands It shuts down major oil, coal, and Coal bed methane operations in Texas, Wyoming, North Dakota, Utah, Colorado, Oklahoma. I’ve seen it first hand. I have friends who have already lost jobs. The shutdown of federal leases will amount to lower production and higher gas prices. Which from a liberal point of view is probably a good thing. But I’m not here to argue politics. I’m here to pump iron. Lol
You are wrong tho that it had anything to do with prices today. And same with XL, that was still tied up in court there were no 20,000 workers getting laid off. I am all for discussing future implications but this is not about today
Two words: Futures Market.
I thought OPEC actual production rate controls the price per barrel. Now who controls OPEC's production rate and why, is a completely different conversation.
For the most part yes. And that is why prices spiked. The US on behalf of us and Russia got Saudi’s Arabia to finally cut 1million BPD production.
Which is good for us. Cheap domestic oil with no need for our navy to be patrolling the Straight of Hurmuz to protect Europe's oil interest. (an added savings)
The United States is the top oil-producing country in the world, with an average of 19.47 million barrels per day (b/d), which accounts for 19% of the world's production. The U.S. has held the top spot for the past six years. (Pre the other guy)
Statistics are from the Energy Information Administration (EIA) and include total production of petroleum and other liquids.
United States. Production: 19,510,000 bpd.
Saudi Arabia. Production: 11,810,000 bpd.
Russia. Production: 11,490,000 bpd.
Canada. Production: 5,500,000 bpd.
Side note; we need this production and anything else to get our GDP up. With bipartisan spending going through the roof as it has over the years, (plus "pandemic relief" spending) our 27 trillion dollar debt is now 125% of our GDP.
As usual you do a better job at laying out the bigger picture. And I agree that a higher per barrel price is good for our oil producers as well. But what will likely happen over the next four to eight quarters is our oil producers will start opening their lower production wells like mad and try to cash in which will re-flood the market again and then things will drift lower. Hard to say if we are at the tipping point of the run up yet tho. We had it really good for a bit but any of us that have been around for awhile knew that wasn’t sustainable
Yeah, it's really not too hard to figure out! Lol
RustyhookerYessir! So we are back to being dependant on desert foreign oil and venezuela. Lost that freedom.
Meanwhile in just 15days after election....ford splits out and puts a billion $$$ into germany for car manufacturing. We just got auto makers back....
Flock together!!
RustyhookerFlock of seagulls song just went thru my head.....i ran, ran so far away....
Lol