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Re: Gas skyrockets ! [Re: jbyrd63] #7373686
10/07/21 11:06 AM
10/07/21 11:06 AM
Joined: May 2011
Posts: 1,138
Kansas
K
Kansas Cat Offline
trapper
Kansas Cat  Offline
trapper
K

Joined: May 2011
Posts: 1,138
Kansas
You can lead a horse to water. You can't make them understand it is water.

Re: Gas skyrockets ! [Re: jbyrd63] #7373731
10/07/21 12:19 PM
10/07/21 12:19 PM
Joined: Mar 2007
Posts: 32,387
McGrath, AK
W
white17 Online content

"General (Mr.Sunshine) Washington"
white17  Online Content

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 32,387
McGrath, AK
X2 ~


Mean As Nails
Re: Gas skyrockets ! [Re: jbyrd63] #7373772
10/07/21 01:25 PM
10/07/21 01:25 PM
Joined: May 2010
Posts: 8,240
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 8,240
mn north of blakely
Originally Posted by jbyrd63
The last well I drilled cost 65 million to drill it and complete it. That well last I neared was flowing 15K bbls a day. In 2009 that same well would cost 25 million to drill.

So deer killer you're saying they REALLY was gouging it to us back in 2009 if their expenses were 250 times smaller !



Nope, he's saying it cost him 40 million more to drill a well.

Do you think the well drillers set the price of oil? Do you have any concept of a free market? Do you know that on the world market that oil is traded for dollars? Do you know that when the oil prices spiked the dollar was worth 20 percent less than it is now vs foreign currencies? Do you know when the dollar drops oil doesn't go up the same percentage? It could be an exponential increase? Do you know what exponential means?

What do you think is going to happen to the price of oil when the dollar drops again?

Re: Gas skyrockets ! [Re: jbyrd63] #7373812
10/07/21 02:44 PM
10/07/21 02:44 PM
Joined: Mar 2008
Posts: 4,830
n.e, iowa
C
coonman220 Offline
trapper
coonman220  Offline
trapper
C

Joined: Mar 2008
Posts: 4,830
n.e, iowa
Went up here 7 cents gallon in last few days

Re: Gas skyrockets ! [Re: jbyrd63] #7373826
10/07/21 03:09 PM
10/07/21 03:09 PM
Joined: Jan 2011
Posts: 2,379
Va. Lee Co.
D
Donnie H Offline
trapper
Donnie H  Offline
trapper
D

Joined: Jan 2011
Posts: 2,379
Va. Lee Co.
11 cents here over nite

Re: Gas skyrockets ! [Re: Steven 49er] #7373830
10/07/21 03:12 PM
10/07/21 03:12 PM
Joined: Feb 2014
Posts: 8,253
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Posts: 8,253
Ky
Originally Posted by Steven 49er
Originally Posted by jbyrd63
The last well I drilled cost 65 million to drill it and complete it. That well last I neared was flowing 15K bbls a day. In 2009 that same well would cost 25 million to drill.

So deer killer you're saying they REALLY was gouging it to us back in 2009 if their expenses were 250 times smaller !



Nope, he's saying it cost him 40 million more to drill a well.

Do you think the well drillers set the price of oil? Do you have any concept of a free market? Do you know that on the world market that oil is traded for dollars? Do you know that when the oil prices spiked the dollar was worth 20 percent less than it is now vs foreign currencies? Do you know when the dollar drops oil doesn't go up the same percentage? It could be an exponential increase? Do you know what exponential means?

What do you think is going to happen to the price of oil when the dollar drops again?




I get HIS logic . Gas is higher because it COST more to get the oil out of the ground. (his reason) MY logic is if it was CHEAPER to get the gas out of the ground in 2009 BUT gas was and is the same price at the pump then and now they were REALLY gouging people when "cost" was 2.5 times smaller.

Re: Gas skyrockets ! [Re: Steven 49er] #7373832
10/07/21 03:15 PM
10/07/21 03:15 PM
Joined: Dec 2006
Posts: 386
Montana
Deerkiller Offline
trapper
Deerkiller  Offline
trapper

Joined: Dec 2006
Posts: 386
Montana
Originally Posted by Steven 49er
Originally Posted by jbyrd63
The last well I drilled cost 65 million to drill it and complete it. That well last I neared was flowing 15K bbls a day. In 2009 that same well would cost 25 million to drill.

So deer killer you're saying they REALLY was gouging it to us back in 2009 if their expenses were 250 times smaller !



Nope, he's saying it cost him 40 million more to drill a well.

Do you think the well drillers set the price of oil? Do you have any concept of a free market? Do you know that on the world market that oil is traded for dollars? Do you know that when the oil prices spiked the dollar was worth 20 percent less than it is now vs foreign currencies? Do you know when the dollar drops oil doesn't go up the same percentage? It could be an exponential increase? Do you know what exponential means?


What do you think is going to happen to the price of oil when the dollar drops again?



Really I hope it stays at $80-90 bucks a bbl for the next 5 years. I will retire then.


Another thing just like everyone we canít get equipment. We have 26 wells slotted to drill in Angola but we only have 15 well heads and donít know when we can get them.


[Linked Image]
Re: Gas skyrockets ! [Re: jbyrd63] #7373837
10/07/21 03:27 PM
10/07/21 03:27 PM
Joined: Dec 2006
Posts: 386
Montana
Deerkiller Offline
trapper
Deerkiller  Offline
trapper

Joined: Dec 2006
Posts: 386
Montana
There was a lot less oil on the market in 2009 worldwide. USA added 4 million bbls a day more and that was just us. Itís all supply and demand. Oil is sold on a worldwide market. China has very little oil so they have to buy 90 some %.


[Linked Image]
Re: Gas skyrockets ! [Re: jbyrd63] #7373853
10/07/21 03:46 PM
10/07/21 03:46 PM
Joined: Dec 2010
Posts: 8,627
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 8,627
Armpit, ak
April 2020

"Oil giant ConocoPhillips announced Wednesday that itís shutting down its drill rigs on the remote North Slope oil fields, and placing them into long-term storage, to protect its employees and contractors during the coronavirus pandemic.

This winter was supposed to be Conocoís largest exploration and construction season ever in Alaska. In a statement, Conoco spokeswoman Natalie Lowman said the company is now significantly reducing its workforce on the Slope because of the heightened risk of COVID-19, the disease caused by the coronavirus."

Word I get, is this is still a major problem here.


Who is John Galt?
Re: Gas skyrockets ! [Re: Dirt] #7373856
10/07/21 03:55 PM
10/07/21 03:55 PM
Joined: May 2009
Posts: 10,435
Champaign County, Ohio.
K
KeithC Offline
trapper
KeithC  Offline
trapper
K

Joined: May 2009
Posts: 10,435
Champaign County, Ohio.
Originally Posted by Dirt
April 2020

"Oil giant ConocoPhillips announced Wednesday that itís shutting down its drill rigs on the remote North Slope oil fields, and placing them into long-term storage, to protect its employees and contractors during the coronavirus pandemic.

This winter was supposed to be Conocoís largest exploration and construction season ever in Alaska. In a statement, Conoco spokeswoman Natalie Lowman said the company is now significantly reducing its workforce on the Slope because of the heightened risk of COVID-19, the disease caused by the coronavirus."

Word I get, is this is still a major problem here.


I would have guessed that being in the remote North Slope oil fields would make you less likely to contract Covid than being almost anywhere else.

Keith

Re: Gas skyrockets ! [Re: jbyrd63] #7373896
10/07/21 05:25 PM
10/07/21 05:25 PM
Joined: May 2011
Posts: 1,138
Kansas
K
Kansas Cat Offline
trapper
Kansas Cat  Offline
trapper
K

Joined: May 2011
Posts: 1,138
Kansas
Make no mistake about it, the productivity of the shale areas in the United States was a total surprise to the rest of the world's producers. When the shale basins in the US go into terminal decline, and they will in the very near future, the price of all energy will increase dramatically.

Re: Gas skyrockets ! [Re: KeithC] #7373937
10/07/21 06:41 PM
10/07/21 06:41 PM
Joined: Dec 2010
Posts: 8,627
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 8,627
Armpit, ak
Originally Posted by KeithC
Originally Posted by Dirt
April 2020

"Oil giant ConocoPhillips announced Wednesday that itís shutting down its drill rigs on the remote North Slope oil fields, and placing them into long-term storage, to protect its employees and contractors during the coronavirus pandemic.

This winter was supposed to be Conocoís largest exploration and construction season ever in Alaska. In a statement, Conoco spokeswoman Natalie Lowman said the company is now significantly reducing its workforce on the Slope because of the heightened risk of COVID-19, the disease caused by the coronavirus."

Word I get, is this is still a major problem here.


I would have guessed that being in the remote North Slope oil fields would make you less likely to contract Covid than being almost anywhere else.

Keith


People who work at Prudhoe come from all over the U.S. They get in planes and breath on each other on their way to Alaska and then get on planes and breath on each other on their way to the slope. Then they live together at Prudhoe breathing on each other. It was a logistical nightmare in the beginning just to keep operating when these people( non -residents ) were required to quarantine in Anchorage or Fairbanks for two weeks in a hotel before they could fly to Prudhoe to do a two week hitch.


Who is John Galt?
Re: Gas skyrockets ! [Re: jbyrd63] #7373943
10/07/21 06:49 PM
10/07/21 06:49 PM
Joined: Dec 2008
Posts: 2,227
MN
W
walleye101 Offline
trapper
walleye101  Offline
trapper
W

Joined: Dec 2008
Posts: 2,227
MN
I bet old Fauci and his cronies are beginning to wish they had never invented that Covid thing.

Re: Gas skyrockets ! [Re: jbyrd63] #7374098
10/07/21 10:04 PM
10/07/21 10:04 PM
Joined: May 2010
Posts: 8,240
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 8,240
mn north of blakely
Originally Posted by Kansas Cat
Make no mistake about it, the productivity of the shale areas in the United States was a total surprise to the rest of the world's producers. When the shale basins in the US go into terminal decline, and they will in the very near future, the price of all energy will increase dramatically.


Kansas thank you for this piece of info.

Originally Posted by jbyrd63


I get HIS logic . Gas is higher because it COST more to get the oil out of the ground. (his reason) MY logic is if it was CHEAPER to get the gas out of the ground in 2009 BUT gas was and is the same price at the pump then and now they were REALLY gouging people when "cost" was 2.5 times smaller.


No you don't get the logic of oil and gas prices than and now.
Producers don't set the price of oil, the market does. The market doesn't care what it cost to produce something. See deerkiller's post about supply in 2009, see my post about the value of the dollar.

Supply, demand and a week dollar is what contributed to oil prices in 2009. A large part of the reason oil got cheap is an old adage that says the cure for high prices is high prices and the cure for low prices is low prices.

Re: Gas skyrockets ! [Re: jbyrd63] #7374133
10/07/21 11:35 PM
10/07/21 11:35 PM
Joined: Dec 2010
Posts: 8,627
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 8,627
Armpit, ak
Well maybe if jbryd goes and catches some coon that a cost him $20 to produce this year he can go to a furbuyer and ask for $25. Then when he gets a $3 offer he will understand he don't set the price of coon with what it cost him to produce one.


Who is John Galt?
Re: Gas skyrockets ! [Re: walleye101] #7374150
10/08/21 04:13 AM
10/08/21 04:13 AM
Joined: Dec 2014
Posts: 1,224
Tug Hill, NY
S
Squash Offline
trapper
Squash  Offline
trapper
S

Joined: Dec 2014
Posts: 1,224
Tug Hill, NY
Originally Posted by walleye101
I bet old Fauci and his cronies are beginning to wish they had never invented that Covid thing.


I think behind closed doors, Fauci and his political buddies are high 5-ing each other. It got rid of Trump for them and gave politicians and other bureaucrats more power than they ever dreamed possible.

Re: Gas skyrockets ! [Re: jbyrd63] #7374162
10/08/21 05:03 AM
10/08/21 05:03 AM
Joined: Feb 2014
Posts: 8,253
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Posts: 8,253
Ky
49er please read the TITLE of this thread

GAS prices!! I never mentioned nor claimed to know why , how , or what set the price of crude. MY comments and the oil guys just supported it with cost analogy that GAS should not or ever go up 48 cents over night This price increase happened BEFORE crude went to itís highest since 2014 or whenever. If and thatís a BIG if crude prices set gas prices then the final cost of production of crude should parallel gas prices Does it ? No. Because they have and will continue to gouge the American public because they can Ever wonder why oil lobbyists paid BILLIONS to get the ceiling price on gas removed?

Re: Gas skyrockets ! [Re: jbyrd63] #7374174
10/08/21 05:35 AM
10/08/21 05:35 AM
Joined: May 2010
Posts: 8,240
mn north of blakely
S
Steven 49er Offline
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Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 8,240
mn north of blakely
No I haven't wondered, probably because I don't believe in governments setting prices.

Re: Gas skyrockets ! [Re: jbyrd63] #7374181
10/08/21 05:44 AM
10/08/21 05:44 AM
Joined: Feb 2010
Posts: 13,488
pa
H
hippie Offline
trapper
hippie  Offline
trapper
H

Joined: Feb 2010
Posts: 13,488
pa
Originally Posted by jbyrd63
Went from 2.73 to 3.21 overnight



The new price(3.21) is right on market, you should be wondering why he was at 2.73 for so long.

Re: Gas skyrockets ! [Re: jbyrd63] #7374183
10/08/21 05:45 AM
10/08/21 05:45 AM
Joined: Dec 2006
Posts: 22,048
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 22,048
williamsburg ks
Yet they are setting gas prices in a back door sort of way. Shutting down production and pipelines. Some up and down is to be expected, but here in KS gas is up 50%. Another dollar will be a 100% increase. I don't know what the true inflation rate is for printing all that stimulus money, but I don't think its 50%.


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
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