Re: Gas skyrockets !
[Re: jbyrd63]
#7372256
10/05/21 08:31 PM
10/05/21 08:31 PM
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Joined: Dec 2017
Posts: 258 Idaho
old_newbie
trapper
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trapper
Joined: Dec 2017
Posts: 258
Idaho
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Been $3.65-$3.79 here for a few months
Member NTA, ITA, and USRTA
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Re: Gas skyrockets !
[Re: coondagger2]
#7372387
10/05/21 10:04 PM
10/05/21 10:04 PM
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Joined: Sep 2010
Posts: 2,238 NE
Marty B
"arbitrary noob"
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"arbitrary noob"
Joined: Sep 2010
Posts: 2,238
NE
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We broke 3 this week also.
No big deal. Not news worthy. Carry on. When will it break 4? Eden, WY a month ago.
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Re: Gas skyrockets !
[Re: stinkypete]
#7372723
10/06/21 10:43 AM
10/06/21 10:43 AM
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Joined: May 2010
Posts: 10,481 mn north of blakely
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,481
mn north of blakely
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This is what a real president looks like. In case some have forgot. Gas 1.80. So much oil. Barrel went negative The price of oil going negative was not a good thing. The forces that caused that is causing what is going on now.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Gas skyrockets !
[Re: stinkypete]
#7372751
10/06/21 11:32 AM
10/06/21 11:32 AM
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Joined: Dec 2010
Posts: 11,198 Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Posts: 11,198
Armpit, ak
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This administration is making sure the USA oil producers will not maintain our oil independence. The administration is creating EPA red tape. Secondly new wells will not be drilled due to the loss of revenue due to the pandemic. Anything good for USA this administration is going to stop it or try to make it impossible. OPEC laughed at the Biden administration last week. Instead of helping USA oil producers making land available for drilling. Biden asks OPEC for help. If that makes sense for America explain please???? American consumers and businesses want cheaper oil. Opec nations may have the capacity to increase the supply of oil on the world market. An increase in supply should lower prices. American oil producers probably cannot increase supply very fast. If prices drop below fracking and directional drilling cost again, they will stop drilling again.
Who is John Galt?
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Re: Gas skyrockets !
[Re: jbyrd63]
#7372760
10/06/21 11:43 AM
10/06/21 11:43 AM
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Joined: Aug 2011
Posts: 45,503 james bay frontierOnt.
Boco
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trapper
Joined: Aug 2011
Posts: 45,503
james bay frontierOnt.
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Probably has more to do with the de-valuation of the US dollar.
Forget that fear of gravity-get a little savagery in your life.
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Re: Gas skyrockets !
[Re: Boco]
#7372766
10/06/21 11:52 AM
10/06/21 11:52 AM
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Joined: May 2010
Posts: 10,481 mn north of blakely
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,481
mn north of blakely
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Probably has more to do with the de-valuation of the US dollar. The dollar is down but not enough to account for the oil price increase Opec cut production by 5to6 million barrels a day last year, US production has fell off as well. Saudi Arabia can turn on and off the oil spigots like we do the water spigots at home.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Gas skyrockets !
[Re: jbyrd63]
#7372784
10/06/21 12:12 PM
10/06/21 12:12 PM
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Joined: Dec 2010
Posts: 11,198 Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Posts: 11,198
Armpit, ak
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"Bubberlin' Crude Just like Jed Clampett of the Beverley Hillbillies, the Saudis need to do little more than stick a pipe in the ground and pump to get their oil into barrels. Crude oil literally oozes out of the ground and once the Saudis break through the top layer of sediments, the sheer pressure caused by the vast quantities of compressed underground oil means they often don't even need to pump very hard. Under such conditions, start up costs for new wells are minimal. Moreover the Saudis have such cash reserves that they don't have to go to any banks for loans. Saudi Aramco, the state-run oil company can pick and choose which engineering partners they will send along to do all the work for them, and oil extractors compete fiercely for the privilege, forcing Saudi costs down further."
Who is John Galt?
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Re: Gas skyrockets !
[Re: jbyrd63]
#7372812
10/06/21 12:45 PM
10/06/21 12:45 PM
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Joined: May 2010
Posts: 10,481 mn north of blakely
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,481
mn north of blakely
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It was 4 bucks here when crude prices were at their peak.
Let's face it jbyrd no one is taking economic classes from you.
Btw Bitcoin is knocking on 55,000
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Gas skyrockets !
[Re: jbyrd63]
#7372818
10/06/21 12:52 PM
10/06/21 12:52 PM
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Joined: Dec 2010
Posts: 11,198 Armpit, ak
Dirt
trapper
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trapper
Joined: Dec 2010
Posts: 11,198
Armpit, ak
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People keep pointing to crude prices. What was gas when oil was 145 a barrel? Anyone? Try 2.89- 3.05 That lie don’t fly ! Price gouging is fueling the rise more than anything!! $4.46 at the landing. I bought 4 barrels. That sucked!
Who is John Galt?
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Re: Gas skyrockets !
[Re: jbyrd63]
#7372831
10/06/21 01:01 PM
10/06/21 01:01 PM
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Joined: Jan 2014
Posts: 21,074 North East Kansas
Marty
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trapper
Joined: Jan 2014
Posts: 21,074
North East Kansas
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I remember when you could hardly buy any gasoline for quite a while....late 70's?
E 'Honey Badger Militia' Sleep, the anti woke adote.
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