Thank you Mr President for Gas Prices

[Wally]

Janet Yellen admits ‘risk’ US gas prices could surge again this winter

Yellen cited uncertainty related to the Russia-Ukraine war and a possible European energy crisis.

nypost.com

 

[over9five]

Janet Yellen admits ‘risk’ US gas prices could surge again this winter

Yellen cited uncertainty related to the Russia-Ukraine war and a possible European energy crisis.

nypost.com

After the election...

 

[bacha29]

After the election...

CNBC had the head of Permian Resources on this AM where he firmly emphasized the fact that sustainable net returns in the 15% range annually will continue to be the company's sole priority and that drilling activity will be based accordingly .

So what does this mean? It means that you cheap gas addicts are going to have to kick your habit and get used to to new reality.

 

[Wally]

CNBC had the head of Permian Resources on this AM where he firmly emphasized the fact that sustainable net returns in the 15% range annually will continue to be the company's sole priority and that drilling activity will be based accordingly .

So what does this mean? It means that you cheap gas addicts are going to have to kick your habit and get used to to new reality.

We have a president that has them afraid.

 

[bacha29]

We have a president that has them afraid.

Afraid of what? A nationalized oil industry similar to Russia and Venezuela? The industry as a whole has adopted a supply management plan that places shareholder equity preservation foremost . They're not going to find and develop new oil just to sell it at a price that will make gasoline cheap enough to satisfy you a guy who doesn't have have a cent of money at risk when it comes to the discovery and development of new supply.

 

[Wally]

Afraid of what? A nationalized oil industry similar to Russia and Venezuela? The industry as a whole has adopted a supply management plan that places shareholder equity preservation foremost . They're not going to find and develop new oil just to sell it at a price that will make gasoline cheap enough to satisfy you a guy who doesn't have have a cent of money at risk when it comes to the discovery and development of new supply.

Nope, Biden declared war on US energy production. Pipelines and attitudes matter.

 

[UnionStrong]

After the election...

Oh, it’s going back up.

 

[DELACROIX]

Oh, it’s going back up.

I believe that the federal tax cut will end in October... 18 cents ️

 

[UnionStrong]

I believe that the federal tax cut will end in October... 18 cents ️

They never cut the federal tax

 

[Babagounj]

My Costco Gas station closed today for remodeling.
Expected re-opening is Nov 18th.
I paid $3.379 recently there.
I wonder what prices will look like in Nov.

 

[burrheadd]

My Costco Gas station closed today for remodeling.
Expected re-opening is Nov 18th.
I paid $3.379 recently there.
I wonder what prices will look like in Nov.

$3.29 out here in the fly over states
I can live with that

 

[Babagounj]

There is another Costco Gas station south of Boston, but their price is $3.64.
That is the local prices in most stations.
So it looks like I'm not going to drive 40 miles out of my way to get fuel.
I'll buy local and add Sea Foam to my tanks.

 

[bacha29]

Nope, Biden declared war on US energy production. Pipelines and attitudes matter.

Wrong. Profits and preservation of shareholder equity is all that matters now. After seeing oil trading at NEGATIVE 35 bucks a barrel and shareholding equity collapsing to record low with independents such a Whiting Oil filing for Chapter 11 they're not going to let it happen again. And rest assured it's not going to matter who is in the White House . Oil companies do not exist just to give a nobody like you who has no money at risk cheap gas. It's to protect shareholders especially the institutional shareholders who have billions hanging in the balance.

 

[vantexan]

Afraid of what? A nationalized oil industry similar to Russia and Venezuela? The industry as a whole has adopted a supply management plan that places shareholder equity preservation foremost . They're not going to find and develop new oil just to sell it at a price that will make gasoline cheap enough to satisfy you a guy who doesn't have have a cent of money at risk when it comes to the discovery and development of new supply.

They aren't going to spend the money necessary to find new oil when the government is anti oil and is looking to ultimately shut them down.

 

[bacha29]

Oh, it’s going back up.

What happens in Ukraine and it's impact on European energy supplies will dictate prices. Oil is a GLOBAL commodity and when the world's second largest energy supplier 70% of it going to NATO and EU nations cuts off supplies it not an American midterm election will dictate prices.

 

[PT Car Washer]

$3.29 out here in the fly over states
I can live with that

$2.98 in my part of flyover country.

 

[PT Car Washer]

What happens in Ukraine and it's impact on European energy supplies will dictate prices. Oil is a GLOBAL commodity and when the world's second largest energy supplier 70% of it going to NATO and EU nations cuts off supplies it not an American midterm election will dictate prices.

They complain about spending a few Pennies more for gasoline while the Ukraine is shedding blood by the gallons for their freedom. Shame on all of you.

 

[bacha29]

They aren't going to spend the money necessary to find new oil when the government is anti oil and is looking to ultimately shut them down.

It's obviously Fox News who is telling you that. However according to the US EIA, 2022 US crude oil production will match 2020 production and will set a new production record in 2023.

Here's another little piece of news Fox News isn't telling you. Included in the long term strategy of Big Oil is the expected decrease in car gasoline demand due to the onset of EV's. And here's something about EV's Fox news isn't telling you when it comes to one of the key reasons for EV's. The industry is pointing to the belief that it has taken ICE car technology as far as it can take it. The winner among car manufacturers is the company that can make the jump to the next generation automobile propulsion and power plant design. They'll still make a limited number of ICE vehicles but there's no guarantee that they will be any less expensive or that dealer and manufacturer support will continue a current levels.

 

[The big package]

It's obviously Fox News who is telling you that. However according to the US EIA, 2022 US crude oil production will match 2020 production and will set a new production record in 2023.

Here's another little piece of news Fox News isn't telling you. Included in the long term strategy of Big Oil is the expected decrease in car gasoline demand due to the onset of EV's. And here's something about EV's Fox news isn't telling you when it comes to one of the key reasons for EV's. The industry is pointing to the belief that it has taken ICE car technology as far as it can take it. The winner among car manufacturers is the company that can make the jump to the next generation automobile propulsion and power plant design. They'll still make a limited number of ICE vehicles but there's no guarantee that they will be any less expensive or that dealer and manufacturer support will continue a current levels.

Here something else you won't here . Other than the obvious that our electrical grid in this country can't handle the load . A battery replacement for an EV can run you between 15 and 25,000 dollars to replace . Not to mention the fact that we don't have enough nickel to make these batteries . Also it takes a minimum of 45 minutes to recharge that battery so you better leave yourself 45 minutes to an hour after a 3-hour ride to charge that battery . Oh and just another little note electricity is expensive and constant exposure to electricity can cause cancer !!!

 

[vantexan]

It's obviously Fox News who is telling you that. However according to the US EIA, 2022 US crude oil production will match 2020 production and will set a new production record in 2023.

Here's another little piece of news Fox News isn't telling you. Included in the long term strategy of Big Oil is the expected decrease in car gasoline demand due to the onset of EV's. And here's something about EV's Fox news isn't telling you when it comes to one of the key reasons for EV's. The industry is pointing to the belief that it has taken ICE car technology as far as it can take it. The winner among car manufacturers is the company that can make the jump to the next generation automobile propulsion and power plant design. They'll still make a limited number of ICE vehicles but there's no guarantee that they will be any less expensive or that dealer and manufacturer support will continue a current levels.

Actually all that was told me on FOX. But here's one for you. Stop mandating EV use until you have the grid that can support it.