Looks Like Gas Prices Are About To Skyrocket
- Thread starter IowaHawkeyeFBnBB4Life
- Start date
OPEC meets today. The production decisions made there are the driving force in costs increases/decreases.
Prices typically fall 20-30 cents when switching to winter blend. Our prices are up 35-40 cents since.
$100 would be a good price to encourage more drilling.
Weren't we just energy independent a few months ago? Wha happen?
Yes!! Can’t wait to drive to work everyday to pay for my gas to get there!
Poor people bitching about gas prices is my new favorite past time.
There were months where the US produced more than it consumed, but that fluctuates nor does it mean energy independence. It's a world market. Thus, even if we assume the US is the No. 1 producer of LNG and crude, that doesn't mean higher demand and lower supply from other regions won't affect the price of LNG and crude.
I went past a gas station this weekend that had $2.86 on the sign.
Granted… Most of the other gas stations were a good $.10-$.20 more expensive than that.
Granted… Most of the other gas stations were a good $.10-$.20 more expensive than that.
About to skyrocket? Hell I thought they were already there........
True, but Biden shut down the Keystone pipeline and has he and his party have declared war on fossil fuels. If gas prices continue to rise, 2022 will be a blood bath for the Dems. The optics are horrible and blaming it on world markets and forces beyond our control just isn't going to fly.
No, the Keystone pipeline was not shutdown. The Keystone pipeline operates today and ferries Canadian oil from Alberta to Port Arthur, TX and Houston (via a pipeline from Port Arthur) where some of it is refined and other is put on vessels to go out to the world market. The Keystone XL was canceled, which was a bypass line from Alberta to a tank farm in Nebraska. There were no plans for XL to increase the volume of oil sent to Port Arthur and Houston -- primarily because of plant capacity. The optics are only horrible because of the lack of education and knowledge by the citizenry.
OPEC+ Meeting Ends: Cartel Won't Produce Extra Crude
By Tsvetana Paraskova - Nov 04, 2021, 10:50 AM CDT- OPEC+ decided on Thursday to continue easing their collective crude oil production cuts by just 400,000 barrels per day next month
- OPEC+ meeting didn't address production constraints in Nigeria, Angola
- OPEC+ ignores calls from U.S. and other major oil consumers to further boost production
OPEC+ Meeting Ends: Cartel Won't Produce Extra Crude | OilPrice.com
The OPEC+ group decided on Thursday to continue easing their collective crude oil production cuts by just 400,000 barrels per day next month, ignoring calls from the United States and other major oil-consuming nations to open the taps and tame the price rally
oilprice.com
AWESOME, keep the poors home. More open roads for me, baby!
Sounds like we let our buddy, MBS, get away with murder for nothing.OPEC+ Meeting Ends: Cartel Won't Produce Extra Crude
By Tsvetana Paraskova - Nov 04, 2021, 10:50 AM CDT
- OPEC+ decided on Thursday to continue easing their collective crude oil production cuts by just 400,000 barrels per day next month
- OPEC+ meeting didn't address production constraints in Nigeria, Angola
- OPEC+ ignores calls from U.S. and other major oil consumers to further boost production
OPEC+ Meeting Ends: Cartel Won't Produce Extra Crude | OilPrice.com
The OPEC+ group decided on Thursday to continue easing their collective crude oil production cuts by just 400,000 barrels per day next month, ignoring calls from the United States and other major oil-consuming nations to open the taps and tame the price rally
You'll eventually see the KSA flip to China's orbit. They were rebuffed twice already. In the long term, SA will be given a larger share of China's market.
If you would have told me 30 years ago that a gallon of gas would cost $4 in 2021, I'd be like hell yeah
I hate that so many people latch on to gas prices as a measuring stick of a presidency.
That's about where we're at in Ankeny. If I was paying over $5/gallon here, the Tesla consideration would kick in in earnest.
To the thread owner: Get off your ass and realize you can start walking. You can't imagine the cost savings you will have in no gas but less medical bills
Gas was like $1.15 per gallon.
Have wages and salaries gone up 3 1/2 times as much in the same period?
Threads like these show the true colors of libs in regards to poor people. Who are are affected the most by this.
A
anon_b29nm7v7dwp6r
Guest
Bingo, fracking (for better or worse) booms and busts inversely related to OPEC production. There seems to be an equilibrium when fracking becomes financially really advantageous….OPEC will continue to cut, US production will ramp up….then OPEC will open the floodgates and bury us again….this has been going on for quite some time now….but people don’t pay attention…
