Posted: Mon Jul 04, 2022 11:28 pmimperialist americans are destroying the environment
imperialist americans are destroying the environment
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American Politics XII: We Can Do Bad All By Ourselves
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Posted: Mon Jul 04, 2022 11:28 pmimperialist americans are destroying the environment
Posted: Mon Jul 04, 2022 11:30 pmNeon Lunar Eclipse wrote:
Thank you, USA. We appreciate itLess reliant we are on Putin's Russia, the better.
So when are the gas prices going to come down?
We’re sitting at $8.85 a gallon right now.
Posted: Mon Jul 04, 2022 11:32 pmPosted: Mon Jul 04, 2022 11:37 pmPosted: Mon Jul 04, 2022 11:38 pmIt would be wrong to say that the two things have nothing to do with each other, but the relationship between natural gas exports to Europe, and gasoline prices in the US, is not the sort of thing that you can draw a clear line of causation with.
For that matter, the relationship between the availability of gasoline, and it's price, is not the sort of thing that you can draw a clear line of causation with.
The market price is largely (but not entirely) based upon speculation about what the availability of gasoline will be like several months from now. Which is to say it's almost voodoo.
Posted: Mon Jul 04, 2022 11:39 pmPosted: Tue Jul 05, 2022 12:43 amPosted: Tue Jul 05, 2022 12:53 amIn all fairness, he's not entirely off point.
The current prices are inflated for no reason despite the barrel price.
Biden should be getting on the Oil Company's asses to cut that shit out, but that would likely go against them donors.
Posted: Tue Jul 05, 2022 12:59 amPosted: Tue Jul 05, 2022 3:50 amUlajhan wrote:Neon Lunar Eclipse wrote:
I am guessing you are pro-Russia in this war.
In all fairness, he's not entirely off point.
The current prices are inflated for no reason despite the barrel price.
Biden should be getting on the Oil Company's asses to cut that shit out, but that would likely go against them donors.
If Biden hadn't killed all the pipelines that transport oil to be turned into natural gas, if Biden didn't make clear that there would be no new drilling in the US. If Biden didn't reject all new oil leases. Gas would not be 5 dollars a gallon by me.
Biden has made it clear he regards the fossil fuel industry as evil and will not support any investment in it. Sad to say without investment no new oil gets produced and since that makes demand outstrip supply the price goes up. Biden isn't responsible for the entire increase in gas prices, but he and the democratic party are responsible for a pretty good chunk of it.
Posted: Tue Jul 05, 2022 4:56 amEthel mermania wrote:Ulajhan wrote:In all fairness, he's not entirely off point.
The current prices are inflated for no reason despite the barrel price.
Biden should be getting on the Oil Company's asses to cut that shit out, but that would likely go against them donors.
If Biden hadn't killed all the pipelines that transport oil to be turned into natural gas, if Biden didn't make clear that there would be no new drilling in the US. If Biden didn't reject all new oil leases. Gas would not be 5 dollars a gallon by me.
Biden has made it clear he regards the fossil fuel industry as evil and will not support any investment in it. Sad to say without investment no new oil gets produced and since that makes demand outstrip supply the price goes up. Biden isn't responsible for the entire increase in gas prices, but he and the democratic party are responsible for a pretty good chunk of it.
Biden killed ONE pipeline. Keystone XL. I actually thank him for it. Canada has some of the largest proven oil reserves in the world, and yet we still pay over 8 dollars a gallon right now. If we were shipping all of that oil to Texas right now, we would be paying 14 dollars a gallon.
Posted: Tue Jul 05, 2022 4:57 amEthel mermania wrote:Ulajhan wrote:In all fairness, he's not entirely off point.
The current prices are inflated for no reason despite the barrel price.
Biden should be getting on the Oil Company's asses to cut that shit out, but that would likely go against them donors.
If Biden hadn't killed all the pipelines that transport oil to be turned into natural gas, if Biden didn't make clear that there would be no new drilling in the US. If Biden didn't reject all new oil leases. Gas would not be 5 dollars a gallon by me.
When did Biden actually do those thngs?
Posted: Tue Jul 05, 2022 4:59 amWayneactia wrote:Ethel mermania wrote:
If Biden hadn't killed all the pipelines that transport oil to be turned into natural gas, if Biden didn't make clear that there would be no new drilling in the US. If Biden didn't reject all new oil leases. Gas would not be 5 dollars a gallon by me.
Biden has made it clear he regards the fossil fuel industry as evil and will not support any investment in it. Sad to say without investment no new oil gets produced and since that makes demand outstrip supply the price goes up. Biden isn't responsible for the entire increase in gas prices, but he and the democratic party are responsible for a pretty good chunk of it.
Biden killed ONE pipeline. Keystone XL. I actually thank him for it. Canada has some of the largest proven oil reserves in the world, and yet we still pay over 8 dollars a gallon right now. If we were shipping all of that oil to Texas right now, we would be paying 14 dollars a gallon.
iirc it also wouldn't be finished for years and the company making it abandoned it.
Posted: Tue Jul 05, 2022 5:00 amThe Alma Mater wrote:Ethel mermania wrote:
If Biden hadn't killed all the pipelines that transport oil to be turned into natural gas, if Biden didn't make clear that there would be no new drilling in the US. If Biden didn't reject all new oil leases. Gas would not be 5 dollars a gallon by me.
When did Biden actually do those thngs?
He killed Keystone two hours after he took the oath.....
The United Penguin Commonwealth wrote:Wayneactia wrote:Biden killed ONE pipeline. Keystone XL. I actually thank him for it. Canada has some of the largest proven oil reserves in the world, and yet we still pay over 8 dollars a gallon right now. If we were shipping all of that oil to Texas right now, we would be paying 14 dollars a gallon.
iirc it also wouldn't be finished for years and the company making it abandoned it.
Jason Kenney decided in his infinite wisdom to grant Trans Canada Pipelines (i.e. TC Energy) seven billion in loan guarantees as he truly believed Trump was going to win that election..... TransCanada gladly took that money.
Posted: Tue Jul 05, 2022 5:01 amWayneactia wrote:Ethel mermania wrote:
If Biden hadn't killed all the pipelines that transport oil to be turned into natural gas, if Biden didn't make clear that there would be no new drilling in the US. If Biden didn't reject all new oil leases. Gas would not be 5 dollars a gallon by me.
Biden has made it clear he regards the fossil fuel industry as evil and will not support any investment in it. Sad to say without investment no new oil gets produced and since that makes demand outstrip supply the price goes up. Biden isn't responsible for the entire increase in gas prices, but he and the democratic party are responsible for a pretty good chunk of it.
Biden killed ONE pipeline. Keystone XL. I actually thank him for it. Canada has some of the largest proven oil reserves in the world, and yet we still pay over 8 dollars a gallon right now. If we were shipping all of that oil to Texas right now, we would be paying 14 dollars a gallon.
He did not, the keystone XL bypass was terminated by scotus in 2020. It also would have transported tar sands from Canada to harbours and would have done nothing for the USA; except a few thousand temporary jobs.
Posted: Tue Jul 05, 2022 5:06 amThe Alma Mater wrote:Wayneactia wrote:Biden killed ONE pipeline. Keystone XL. I actually thank him for it. Canada has some of the largest proven oil reserves in the world, and yet we still pay over 8 dollars a gallon right now. If we were shipping all of that oil to Texas right now, we would be paying 14 dollars a gallon.
He did not, the keystone XL bypass was terminated by scotus in 2020. It also would have transported tar sands from Canada to harbours and would have done nothing for the USA; except a few thousand temporary jobs.
Bitumen was going to be transported to Texas for refining. I live in the province where it all started and was inundated with it for years by the news.....
Posted: Tue Jul 05, 2022 5:35 amEthel mermania wrote:Ulajhan wrote:In all fairness, he's not entirely off point.
The current prices are inflated for no reason despite the barrel price.
Biden should be getting on the Oil Company's asses to cut that shit out, but that would likely go against them donors.
If Biden hadn't killed all the pipelines that transport oil to be turned into natural gas, if Biden didn't make clear that there would be no new drilling in the US. If Biden didn't reject all new oil leases. Gas would not be 5 dollars a gallon by me.
Biden has made it clear he regards the fossil fuel industry as evil and will not support any investment in it. Sad to say without investment no new oil gets produced and since that makes demand outstrip supply the price goes up. Biden isn't responsible for the entire increase in gas prices, but he and the democratic party are responsible for a pretty good chunk of it.
Shouldn't you really be more focused on why the oil industry isn't sharing the time travel technology they were apparently going to use to allow theoretical projects that wouldn't have been online for years to ease gas prices now?
You're paying 5 dollars a gallon because you, like most most Americans, believe it's your patriotic duty to bend over and take it rawdog from the oil industry without complaint because otherwise tHe CoMmUniSts wIN!
Which is also why you support the party whose position is that it's the billionaire oil CEO's taking in record profits who are the real victims of all those entitled consumers whining all the time, and therefore need all the help and support the government can give them.
Posted: Tue Jul 05, 2022 5:55 amMyrensis wrote:Ethel mermania wrote:
If Biden hadn't killed all the pipelines that transport oil to be turned into natural gas, if Biden didn't make clear that there would be no new drilling in the US. If Biden didn't reject all new oil leases. Gas would not be 5 dollars a gallon by me.
Biden has made it clear he regards the fossil fuel industry as evil and will not support any investment in it. Sad to say without investment no new oil gets produced and since that makes demand outstrip supply the price goes up. Biden isn't responsible for the entire increase in gas prices, but he and the democratic party are responsible for a pretty good chunk of it.
Shouldn't you really be more focused on why the oil industry isn't sharing the time travel technology they were apparently going to use to allow theoretical projects that wouldn't have been online for years to ease gas prices now?
You're paying 5 dollars a gallon because you, like most most Americans, believe it's your patriotic duty to bend over and take it rawdog from the oil industry without complaint because otherwise tHe CoMmUniSts wIN!
Which is also why you support the party whose position is that it's the billionaire oil CEO's taking in record profits who are the real victims of all those entitled consumers whining all the time, and therefore need all the help and support the government can give them.
Political risk/pressure means that no-one will finance/invest in expanding capacity. Stuff ages out and will not be replaced. Meanwhile demand for energy continues to grow and alternatives aren’t filling the gap. Prices reflect that and will continue to increase.
Eventually high prices will crush the economy (globally) and prices will collapse. Oil companies will then lose money once again.
It’s not some conspiracy by oil CEOs… just incompetence and having profoundly ignorant dullards in charge,
Posted: Tue Jul 05, 2022 6:06 amRe US oil production:
The large multinational oil companies (Shell, ExxonMobil, BP, Chevron etc.) have been in rough financial shape for a while and are using their profits to improve their balance sheets. They're not going to necessarily pour all of their capital into increasing production. This is probably the biggest reason US oil production isn't increasing as fast as it might be able to.
The other reason is that a lot of the smaller players went out of business when COVID caused energy prices to tank.
The large multinational oil companies (Shell, ExxonMobil, BP, Chevron etc.) have been in rough financial shape for a while and are using their profits to improve their balance sheets. They're not going to necessarily pour all of their capital into increasing production. This is probably the biggest reason US oil production isn't increasing as fast as it might be able to.
The other reason is that a lot of the smaller players went out of business when COVID caused energy prices to tank.
Posted: Tue Jul 05, 2022 6:22 amAntipatros wrote:Re US oil production:
The large multinational oil companies (Shell, ExxonMobil, BP, Chevron etc.) have been in rough financial shape for a while and are using their profits to improve their balance sheets. They're not going to necessarily pour all of their capital into increasing production. This is probably the biggest reason US oil production isn't increasing as fast as it might be able to.
The other reason is that a lot of the smaller players went out of business when COVID caused energy prices to tank.
OPEC is still a little gun shy at the moment as well. Who the hell knows when another major pandemic is going to break out and the world shuts down again.
Posted: Tue Jul 05, 2022 6:48 amEthel mermania wrote:Ulajhan wrote:In all fairness, he's not entirely off point.
The current prices are inflated for no reason despite the barrel price.
Biden should be getting on the Oil Company's asses to cut that shit out, but that would likely go against them donors.
If Biden hadn't killed all the pipelines that transport oil to be turned into natural gas, if Biden didn't make clear that there would be no new drilling in the US. If Biden didn't reject all new oil leases. Gas would not be 5 dollars a gallon by me.
Biden has made it clear he regards the fossil fuel industry as evil and will not support any investment in it. Sad to say without investment no new oil gets produced and since that makes demand outstrip supply the price goes up. Biden isn't responsible for the entire increase in gas prices, but he and the democratic party are responsible for a pretty good chunk of it.
TBH, given your beliefs you should be fucking trilled about oil prices right now.
The oil barons are making record profits off of the average American for their own individual gain, as you believe they rightfully should, because if you didn't then that'd mean supporting sOcIaLiSm.
So, you see Ethel, the system is working exactly as you want it to, and you can't fucking complain because that goes against your ideologies of fiscal conservatism and rugged individualism.
Posted: Tue Jul 05, 2022 7:01 amWayneactia wrote:Antipatros wrote:Re US oil production:
The large multinational oil companies (Shell, ExxonMobil, BP, Chevron etc.) have been in rough financial shape for a while and are using their profits to improve their balance sheets. They're not going to necessarily pour all of their capital into increasing production. This is probably the biggest reason US oil production isn't increasing as fast as it might be able to.
The other reason is that a lot of the smaller players went out of business when COVID caused energy prices to tank.
OPEC is still a little gun shy at the moment as well. Who the hell knows when another major pandemic is going to break out and the world shuts down again.
I suppose if you could criticize Biden over one thing: He hasn't managed relations with the Saudis as well as he could have.
Trump was quite good at horse trading with them and pressuring them when needed. Of course, he happily sold out American values at the same time, but he was glad to do that because low oil prices were a key part of his domestic political strategy.
Posted: Tue Jul 05, 2022 7:52 amStock markets are taking a bit of a dive.
Posted: Tue Jul 05, 2022 7:54 am
Posted: Tue Jul 05, 2022 8:26 amEmotional Support Crocodile wrote:Stock markets are taking a bit of a dive.
If this continues, were gonna get more investors jumping off of the NYSE.