Fuel prices

[hagrid]

cute saying, ever hear of Occam's razor?

Yeah but they arent as cost effective as Gillette. Did a bang up job on my fiancee's cat though.

 

[Magicman]

 

[GreensvilleJay]

re: But Canadian oil being exported isn’t a big benefit to the US.
really ? The USA gets most of Canada's oil....
and we can supply 1/2 of what you were buying from Russia on top of the current 4.5milion barrels a day.

 

[Freeheeler]

re: $267.50 to fill it at current prices, Pretty costly to drive 500 miles.

Well Biden just OKed 5 BILLION to put an EV charging station every 50 miles down ALL the Interstate highways.If fed from solar and wind that'll be a free ride for all ,in their EVs!

If you consider 5 Billion to be free, can you spot me a couple million for free?

 

[NHSleddog]

US oil production increased during 2021, and so did prices. Oil company collusion to recoup 2020 losses?

I didn't ask the broken excuse box. It turns out you have terrible reading comprehension as well. Policy matters and you don't get it. And I would never expect the broken excuse box to look at all the data and come to the correct conclusion. No need to provide wrong answers. When Peppermint Patty is done her run at the podium, you should be a sure thing.

But seriously, sheepfarmer, I would like to know what you think, you basically summed up the data as coincidence and I just don't see how that is possible.

 

[lynnmor]

If you consider 5 Billion to be free, can you spot me a couple million for free?

Excuse me, I need to go to my local free gas station for some free gas.

 

[jyoutz]

I didn't ask the broken excuse box. It turns out you have terrible reading comprehension as well. Policy matters and you don't get it. And I would never expect the broken excuse box to look at all the data and come to the correct conclusion. No need to provide wrong answers. When Peppermint Patty is done her run at the podium, you should be a sure thing.

But seriously, sheepfarmer, I would like to know what you think, you basically summed up the data as coincidence and I just don't see how that is possible.

So how does increased production and increased prices work? But I wouldn’t expect someone who lives in a non oil producing area to understand this better than someone who lives in the largest oil producing area. 2021 price increases was the industry recouping 2020 financial losses.

 

[jyoutz]

I didn't ask the broken excuse box. It turns out you have terrible reading comprehension as well. Policy matters and you don't get it. And I would never expect the broken excuse box to look at all the data and come to the correct conclusion. No need to provide wrong answers. When Peppermint Patty is done her run at the podium, you should be a sure thing.

But seriously, sheepfarmer, I would like to know what you think, you basically summed up the data as coincidence and I just don't see how that is possible.

So how does increased production and increased prices work? But I wouldn’t expect someone who lives in a non oil producing area to understand as much as those of us who do and hear about the industry from local news and people who work in the industry.

 

[aaluck]

Everyone that thinks electric cars are the answer TODAY have lost their senses. In the future maybe, but today, no. We do not have the supply, nor the infrastructure, not even close. It will take at least 20 years to get the infrastructure in place.

So, that being said, gas is a necessity for at least the next 20 years. Folks may hate that but those are the facts. Knowing that why, oh why, do we shut/slow down oil production?

As an old Marine it makes me sick to my stomach (and quite frankly embarrassed) that we are begging the scum of the earth/dictators for oil. "Please make more, please sell it to us, pretty please". Is this what we have become, a joke?

I don't care which 'side of the isle' you are on, if you are fine with this we have bigger problems than oil and gas prices. Folks, we can have 'our man' or 'our side', but we still have to look at facts objectively, don't we? We still have to do what's best for us, don't we?

 

[jyoutz]

Everyone that thinks electric cars are the answer TODAY have lost their senses. In the future maybe, but today, no. We do not have the supply, nor the infrastructure, not even close. It will take at least 20 years to get the infrastructure in place.

So, that being said, gas is a necessity for at least the next 20 years. Folks may hate that but those are the facts. Knowing that why, oh why, do we shut/slow down oil production?

As an old Marine it makes me sick to my stomach (and quite frankly embarrassed) that we are begging the scum of the earth/dictators for oil. "Please make more, please sell it to us, pretty please". Is this what we have become, a joke?

I don't care which 'side of the isle' you are on, if you are fine with this we have bigger problems than oil and gas prices. Folks, we can have 'our man' or 'our side', but we still have to look at facts objectively, don't we? We still have to do what's best for us, don't we?

The US only imports less than 20% of our oil. Most from Canada and Mexico. A little from the Middle East. Yet we are also exporting????

 

[NHSleddog]

So how does increased production and increased prices work? But I wouldn’t expect someone who lives in a non oil producing area to understand this better than someone who lives in the largest oil producing area. 2021 price increases was the industry recouping 2020 financial losses.

Increased production TODAY is from increased leases from the last administration (nothing the current administration can do about it).

The increased leases and drilling on PRIVATE land (that the last administration opened up and issued, are also in full swing, and again the current admin can't do anything about it.

What the current admin CAN do is stop any new leases on federal land. Stop exploration permits on federal land etc.

Unfortunately, the cost of producing fuel has nothing to do with how fuel is priced. How it is priced and taxed CAN be helped or harmed by policy.

I think you might be standing a little too close to the well, the fumes are getting to you.

Policy matters.

Biden Administration Halts New Drilling in Legal Fight Over Climate Costs (Published 2022)

The Interior Department is pausing new federal oil and gas leases and permits after a judge blocked the government from weighing the cost of climate damage in decisions.

www.nytimes.com

 

[GreensvilleJay]

Acording to an Alaskan oil paper, Canda can supply 1/2 of what the Russians were, with a turn of a couple taps....
We've got HUGE amounts of oil and gas under our feet, so NO real good, valid reason to import any .

 

[Freeheeler]

All I know is that the boss said prices are too high to drag the camper across the state for the weekend. End result ... I get to stay home this weekend and get projects done on the tractor instead Gotta look on the bright side every once in a while.

 

[hagrid]

There is some comedy gold in this thread and I am experiencing perfektenschlaag.

 

[NHSleddog]

There is some comedy gold in this thread and I am experiencing perfektenschlaag.

Much much better than being farfrompoopin.

 

[L35]

 

[jyoutz]

Increased production TODAY is from increased leases from the last administration (nothing the current administration can do about it).

The increased leases and drilling on PRIVATE land (that the last administration opened up and issued, are also in full swing, and again the current admin can't do anything about it.

What the current admin CAN do is stop any new leases on federal land. Stop exploration permits on federal land etc.

Unfortunately, the cost of producing fuel has nothing to do with how fuel is priced. How it is priced and taxed CAN be helped or harmed by policy.

I think you might be standing a little too close to the well, the fumes are getting to you.

Policy matters.

Biden Administration Halts New Drilling in Legal Fight Over Climate Costs (Published 2022)

The Interior Department is pausing new federal oil and gas leases and permits after a judge blocked the government from weighing the cost of climate damage in decisions.

www.nytimes.com

Absolutely policy matters, but the 2021 price increases have very little to do with availability of lands for oil production. Federal lands only represent about 20% of oilfield land ownership; the vast acreage in oil fields are private lands. And there are currently over 9000 active federal leases on 26 million acres that are available for production. Available leases is not the limiting factor. 80% of oil field lands are private or state lands, and most of the productive oil field land that are federally owned are already leased, with the exception of Alaska. Several years ago, the Department of interior offered leases in Alaska’s north slope with no bidders. It costs too much to produce petroleum products in Alaska. In my state where production costs are low and petroleum is plentiful, oil companies have stated in the local news that production costs increased in 2021, due to finding skilled workers and increased wages. Many skilled workers left the industry during the Covid layoffs and didn’t return. Also the cost of reopening shut wells and recouping shareholders for 2020 losses are significant.
No federal government opened leases on private lands, that makes no sense. State governments regulate private lands not the federal government. Neither the last administration or the current have made much difference in the lands available for production. Since you are so busy bashing the federal government policies, why don’t you state your ideas for how the government can lower prices; specific ideas. I will offer tpolicy decisions that would help:
1. Reduce fuel taxes and fund roads another way.
2. Ban export of US oil and take us off the world market pricing.
3. Offer tax incentives for companies to operate on less profitable oil fields such as Alaska and subsidize transportation costs.

Now your turn. Be specific instead of bashing the current government and worshiping the previous administration. Let’s hear some ideas.

 

[Bmyers]

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[Bmyers]

 

[skeets]

Back to the cast in point,, reg at the truck stop was 4.59 diesel was 6.29.. off road was cheap at 5.05 a gallon. Well so much for the kids inheritance, I spent it this morning on fuel !