Thankful I donโt live in CA. You guys are getting hosed!
Lets just say I live in the western US.What state you live in old challenged one, the land of the WA libturds maybe?
in the midst of lockdown AND during a period when oil was less than worthless...05-04-2020 $2.63
reopening, prices returning to long term average, on Cinco de Mayo, in anticipation of mucho tequila y salsa y tacos al carbon05-05-2021 $4.09
in the midst of lockdown AND during a period when oil was less than worthless...
quoting the article: "The impact of the COVID-19 pandemic hammered the oil industry in 2020, forcing U.S. oil prices to go negative for the first time on record. In a matter of hours on April 20, the May 2020 contract futures price for West Texas Intermediate (WTI) plummetted from $18 a barrel to around -$37 a barrel. "
-negative thirty seven dollars per barrel-
reopening, prices returning to long term average
you whackjob... don't be daft...be whack, but not daft....
in the midst of lockdown AND during a period when oil was less than worthless...
quoting the article: "The impact of the COVID-19 pandemic hammered the oil industry in 2020, forcing U.S. oil prices to go negative for the first time on record. In a matter of hours on April 20, the May 2020 contract futures price for West Texas Intermediate (WTI) plummetted from $18 a barrel to around -$37 a barrel. "
-negative thirty seven dollars per barrel-
reopening, prices returning to long term average, on Cinco de Mayo, in anticipation of mucho tequila y salsa y tacos al carbon
you whackjob... don't be daft...be whack, but not daft....
"Smooth Roads?" - everyone who lives here"Smooth roads and sunshine aren't free." - RCDave
Yup black and white light bar on top. We know who you areThankful I donโt live in CA. You guys are getting hosed!
PS, I have a company vehicle and gas card.
Lets just say I live in the western US.
We drive maybe 100 miles a month on our 5 cars. I'd pay $10 a gallon to see Trump out of office.
yeah, you whackjob. politicians and their followers will always spin the story to their advantage. its ludicrous.Obama's job gains after a collapse
Oh boy. You fit right in with Jenny, and Squeefer.yeah, you whackjob. politicians and their followers will always spin the story to their advantage. its ludicrous.
you are entirely self aware that you are so inclined, and I appreciate that.
the numbers ARE the numbers. yes. we live from day to day.
economists knew that futures markets and dozens of economic stats would be distorted in y-o-y stats, and we are seeing those numbers being tossed like romaine in media left and right. they are BS numbers and awareness of why they are BS helps everyone calm the f down.
unless, of course, they don't WANT to calm the f down. there really are people who thrive on the combative negativity, intentionally pursue it. meh.
I do my best to put a reasoned apolitical position out there. But I also know the stimulus-response cycle that some get caught in, and some try to engineer against the unwitting, and I try to avoid it.Oh boy. You fit right in with Jenny, and Squeefer.
please add detail. it is always interesting to hear how others build their theses.My theory
California has the highest gas tax per gallon at $0.505/gallon. Pete Budajudge wants to raise the federal gas tax and then these idiots pull all the permits for drilling and exploration and shut down the pipelines. But as the resident libs say, itโs only because of COVID reopening that prices are spiking.
My theory is they want to drive demand for solar snd EVs by their own manipulation.
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...harms good American oil ranchers. is that what the republican playbook really wants?Cheap energy...
...harms good American oil ranchers. is that what the republican playbook really wants?
thanks for the reply.How does no gas powered cars sold after 2035 help them?
...
California IS the Democrat playbook.
thanks for the reply.
there are lots of dimensions to this discussion
one is the primary benefactor from eliminating petroleum use by consumers would be the US government itself. The US military is the world's largest consumer of petroleum. freeing up the US resources for that use (~4.6B gallons/yr, 12.6 M gallons per day) puts USA at advantage.
do you have a feeling about the potential savings USA would garner or the practical tactical and strategic advantage we would gain if petroleum were reduced or eliminated from the consumer fleet in California (where there are more cars than people) especially in our pursuit of warfare?
I mean, we are the world's largest producer of petroleum, and its largest consumer is the military. Let's get those kids together.
this is but one positive development...let's work though this one first. let's hear your feeling.
thanks for the reply.
there are lots of dimensions to this discussion
one is the primary benefactor from eliminating petroleum use by consumers would be the US government itself. The US military is the world's largest consumer of petroleum. freeing up the US resources for that use (~4.6B gallons/yr, 12.6 M gallons per day) puts USA at advantage.
do you have a feeling about the potential savings USA would garner or the practical tactical and strategic advantage we would gain if petroleum were reduced or eliminated from the consumer fleet in California (where there are more cars than people) especially in our pursuit of warfare?
I mean, we are the world's largest producer of petroleum, and its largest consumer is the military. Let's get those kids together.
this is but one positive development...let's work though this one first. let's hear your feeling.
Some valid points but we are not actually far off from 2019 prices, which is a more relevant comparison.
yeah, you whackjob. politicians and their followers will always spin the story to their advantage. its ludicrous.
you are entirely self aware that you are so inclined, and I appreciate that.
the numbers ARE the numbers. yes. we live from day to day.
economists knew that futures markets and dozens of economic stats would be distorted in y-o-y stats, and we are seeing those numbers being tossed like romaine in media left and right. they are BS numbers and awareness of why they are BS helps everyone calm the f down.
unless, of course, they don't WANT to calm the f down. there really are people who thrive on the combative negativity, intentionally pursue it. meh.
some people might try to point to government policy, or to specific political causes that would defame or indict some ideology, but those are not capitalist arguments. They mistake a global market in a commodity for some arbitrary political actions in a hypothetical vacuum that is not even close to a true representation of who plays in that sandbox (Cartels, oligarchs, frackers, etc.)
you can help yourself by visiting sites like oilprice.com... global commodities are intensely competitive and politics is hardly a direct cause for any immediate price change. too many other ways to get the commodity.
the current $60/bbl price benefits Permian frackers, and other producers like those in California (#3, with 465k bbl/day just a bit behind Alaska - #2, 477k bbl/day).
a high WTI or Brent price benefits the USA, which thanks to fracking is the world's largest producer.
Special interest projects like Keystone XL are controversial for their lopsided benefit to Texas refiners, as well a brief construction effort.
California already can't keep its lights on in the summer, what is going to happen to electricity when it is all electric cars?
The net result is lower quality of life and less mobility for people.
Most likely a social credit score ( like chyyna ) will give you the ability to hook into the grid and depending how good of a citizen you are the more they will allow to travel and charge at the best times. OR, you will have to obtain a special permit which I am sure will be thousands of dollars a year to charge your car with an extra charge if you want to charge during peak usage times.
Not one single thing GOOD will come of this.
I completely agree. Electricity to charge your car will be more than an tank of gas in 20 years.
I have read a few pieces from different economists that feel we will fall into a 90/10 wealth split. No more top 1%. You will either be rich or you will be poor, like how it is in the rest of the world.
Look how much income the government gets from fuel tax. Does anyone think they will just give up that revenue ??? LOL
It will be the fuel tax +++++. Electricity will cost a lot more than a tank of fuel once enough people switch to all electric.
You mean you are ok with your wife paying $10gallonWe drive maybe 100 miles a month on our 5 cars. I'd pay $10 a gallon to see Trump out of office.
Yea I edited my post, but outlaw solar panels not hooked to the grid will become a thing they go after.
how so? Please explain. How does the gov't grant the US Armed forces greater access to petroleum resources? Asset seizure?access to petroleum is a problem for the military, that is a government and regulation problem, not a supply problem
^^^ speculation and redirection.^^^California already can't...
how so? Please explain. How does the gov't grant the US Armed forces greater access to petroleum resources? Asset seizure?
Your signal got skewed to a different frequency.
does this mean you concur that relief from competition for petroleum resources between the US armed forces and its own consumers is a strategic and tactical advantage when waging war, or not?
also
^^^ speculation and redirection.^^^
please stick to the knitting.
That is their ultimate goal, complete control of the unwashed masses...I have read a few pieces from different economists that feel we will fall into a 90/10 wealth split. No more top 1%. You will either be rich or you will be poor, like how it is in the rest of the world.
Fire season, major utilities shut down power so they don't get sued when power lines cause a fire.I mistyped that.. Access to petroleum is not regulated by the military, it is regulated by the government. There is no advantage or disadvantage as long as there is supply for the military. The military is not paying retail prices for petroleum products anyway. also they are not paying taxes on it.
We are talking about retail fuel prices here, the redirection about the military's use of petroleum started with you.
The fact that CA cant keep its lights on with the grid it has today is proven fact. It happens every summer. It is pointless to say it is a tactical advantage for our military to have "more" petroleum if citizens cant' even keep their electric cars charged because the electrical grid in the country's most populous "nation state" is woefully inadequate and unprepared to deliver "renewable energy" in any sort of consistent way unless it is constantly sunny and windy.
how so? What controls does the US government implement upon the supply incoming or outgoing to the nation or from/to suppliers/refiners? I honestly am trying to follow which CFRs you believe control that.Access to petroleum is not regulated by the military, it is regulated by the government.
this is an error. I stated that US consumer fleet (starting in CA) would migrate to electric (as it is evidently already doing, as is already under way) and thus relieve competiton between consumers and the US Armed forces. the armed forces MAY follow (there are already initiatives in place), but it is not a proposition that I put forth. you did.were are we getting our power from to charge our Jeeps, tanks and so forth.
Frankly at this point I don't see what the military's fuel consumption has to do with the price I pay at the pump. The military is not short on petroleum, they have all they need. We have a government induced supply problem. We have all the petroleum we need here on this continent, we just don't go get it for political reasons.how so? What controls does the US government implement upon the supply incoming or outgoing to the nation or from/to suppliers/refiners? I honestly am trying to follow which CFRs you believe control that.
For now I am going to ignore the redirection attempt. what happens in CA under various scenarios can perhaps be discussed after we clear the air on domestic supply of a global commodity.