Saudi Arabia is slashing oil supply. It could mean higher gas prices...
gammanu95
Have you ever tried to stick a silver dollar into a stripper's G-string?
https://apnews.com/article/opec-oil-pric…
I remember the last time this happened was the first time in my life that we had gas prices spike past inflation-adjusted increases not seen since the Iraqi invasion of Kuwait. It also provided the financial reward necessary to make fracking and oil sands/shale oil extraction profitable. That, in turn, provided the increase in oil production infrastructure that Trump would use to turn the US into an oil-independent net exporting nation.
I was working in New Orleans manufacturing sector at that time. Oil refineries were a large part of my revenue, but nowhere near the largest. That changed around 2012 when OPEC squeezed production and the US domestic production exploded. All of the refineries were adding second and third shifts, reopening long-shuttered furnaces, and rapidly expanding existing infrastructure. Not only was this helping to contain skyrocketing oil prices, but hundreds of Americans were getting high-paying jobs with OTJ skills training, full benefits, and advancement opportunities. Even more shockingly, they were able to pull this off under the Obama administration, due in large part to a Republican controlled congress which Obama had earned through his ceaseless Communist activisim and expansion.
Eventually, OPEC would increase production and pull the rug out from underneath the US domestic production industry. Overnight, oil was too cheap and it was no longer profitable to extract using the expensive processes necessary for shale, sands, and fracking extraction. However, the infrastructure and processes were in place and these companies continued to work at refining their craft until they had a Republican president and Congress which help them to activate again and create the first net-exporting US oil industry in modern history.
Then, Joe Biden killed it on day one as part of his anti-American barrage of executive orders. No liberals are allowed to whine about gas prices. If you voted for Joe Biden, you are a liberal and it is you who gave this power to OPEC (including Russia). Remember that.
I remember the last time this happened was the first time in my life that we had gas prices spike past inflation-adjusted increases not seen since the Iraqi invasion of Kuwait. It also provided the financial reward necessary to make fracking and oil sands/shale oil extraction profitable. That, in turn, provided the increase in oil production infrastructure that Trump would use to turn the US into an oil-independent net exporting nation.
I was working in New Orleans manufacturing sector at that time. Oil refineries were a large part of my revenue, but nowhere near the largest. That changed around 2012 when OPEC squeezed production and the US domestic production exploded. All of the refineries were adding second and third shifts, reopening long-shuttered furnaces, and rapidly expanding existing infrastructure. Not only was this helping to contain skyrocketing oil prices, but hundreds of Americans were getting high-paying jobs with OTJ skills training, full benefits, and advancement opportunities. Even more shockingly, they were able to pull this off under the Obama administration, due in large part to a Republican controlled congress which Obama had earned through his ceaseless Communist activisim and expansion.
Eventually, OPEC would increase production and pull the rug out from underneath the US domestic production industry. Overnight, oil was too cheap and it was no longer profitable to extract using the expensive processes necessary for shale, sands, and fracking extraction. However, the infrastructure and processes were in place and these companies continued to work at refining their craft until they had a Republican president and Congress which help them to activate again and create the first net-exporting US oil industry in modern history.
Then, Joe Biden killed it on day one as part of his anti-American barrage of executive orders. No liberals are allowed to whine about gas prices. If you voted for Joe Biden, you are a liberal and it is you who gave this power to OPEC (including Russia). Remember that.
29 comments
The USA is being manipulated, robbed, and taken advantage of, internationally.
He is the worst, most corrupt president in US history. And, he does it right out in the.open What a clown show.
Trump is obnoxious but he got things done and was respected and feared internationally.
We need a leader with some balls and appreciation for hot women.
If people made wages like that everyday there would be a lot less complaining going on.
A lot of men and women with “not a ton of work skills” were able to make great livings but they had to work hard, and most were willing to do so.
I guess it's a good thing our President is so good at foreign policy.
Anyone with a brain could have looked at his track record and have seen Biden only ever made the WRONG decisions on foreign policy. He was even against the raid in Pakistan to get UBL. Don't forget that Dementia Joe has also pissed off our allies - the UK, France, several Arab states, and he let the Afghan gov't die. This was all foreseeable and predicted by many.
At least that’s what Matt Damon’s character said in the movie Syriana.
Obama's own defense secretary said he's been wrong about everything his whole career. And he's delivered. Don't forget that now we've pushed KSA and Iran together. And China is building relationships in South America and Africa while we're more concerned about our standing in sclerotic, declining Europe.
Pushing the world away from the dollar means goodbye borrowing power, too. That alone should put him in the bottom quartile of presidents.
Joe doesn’t know what day it is. He spends three days a week at one of his Delaware mansions hiding out.
Unlike in past administrations, the President wasn’t personally involved. He sent underlings to negotiate.
I don’t know who is running the WH, but it isn’t Joe.
What a stupid poster.
Now that consensus is that BEVs are the future, it would be stupid to put billions into a new field. Or, a new refinery, for that matter.
Let’s hope BEVs can really replace ICE vehicles. If not, we’ll be screwed in 15 years. No gas.
My guess is that some states ( California ) will be SOL by 2035. They are delusional that wind turbines will meet LA’s needs, they shut down nuclear and gas plants.
As an Arizonan, I’d like to see us build a shit load of Nuke plants on the California border, then charge them out the ass for electricity when they run out.
With an EV, you won't need to waste time refueling each week, but if you travel more than a few miles from home, you will need to wait for an hour at a random charging station, rather than spending 5 minutes refueling with gasoline.
If one drives so few miles that an EV is adequate, you're likely better off Ubering.