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Idahos Attorney General (republican) is claiming gas stations are making upwards of $.70 profit per gallon compared to the usual $.10. I'm usually pretty free market but this is really starting to hurt a lot of people.
Idahos Attorney General (republican) is claiming gas stations are making upwards of $.70 profit per gallon compared to the usual $.10. I'm usually pretty free market but this is really starting to hurt a lot of people.
This is what I think is pissing people off the most. News headlines about Ukraine and everyone in the oil business is like whelp whether there’s any real impact or not we’re all getting fucking rich.
I don’t like the idea of drilling on federal land that seems a little rapey to me. If we are that desperate we should be looking at other options a little more seriously. At the same time the expansion of natural gas in the US in the last 10-15 years has oddly enough decreased greenhouse gas emissions by a shit ton displacing coal power. So I mean obviously these issues are complicated I just think it’s fucked up to capitalize on short term crises it hurts poor people the worst.
Oil companies and gas stations making a killing, two new gas stations right near each other was not enough, a third is being built up the street. Food and energy bill prices have skyrocketed, the latter a 51% increase on top of inflation and fees for SDG 2030 incentives as per our energy company.
VTshredder69lol OP doesn't understand that restricting drilling drives up gas prices.
Minimum wage job much?
See, in economics if the supply is higher than the demand, the price goes down.
But when Biden restricts drilling and shuts down pipelines, the demand is high but supply is low. Therefore the price goes up.
You fucking moron.
**This post was edited on Jul 29th 2022 at 1:35:32pm
oh sweet, you studied Economics? UVT? Maybe then you can explain why a pipeline (that had been gridlocked for damn near decades) has more of an impact on today’s gas prices than oil futures going negative in 2020. I worked as an oil geologist for a decade—it takes about a year for drilling activity to be influenced by prices—drilling rig contracts, leases, permitting.. you don’t just suddenly drop or pick up rigs/pipelines at a moments notice. And if prices are so low, you can cap wells for production at a later time, but then you get a sort of parasitic loss where production declines based on how long it sat capped. So when oil went so low in 2020, companies halted new drilling but that doesn’t kick in until a while later, so when oil demand boomed again we’re so far behind to keep up. And that was with your Sir. Trumpy in office. So if we’re going to point fingers….
Look at what matters—rig count. Holy shit, look what a boon Obama was on the market. Trump indirectly killed it (to be fair, IMO Trump pulling out of Paris accord killed it, because state and local governments then took charge in climate change since it became evident if they didnt, nobody would).
and guess what? Who has authority over drilling permits and leases? STATE AND LOCAL GOVERNMENTS. Presidents really have such little control over it (why was rig count so high under Obama when he could have killed the industry with the push of a button?) but you simpletons refuse to acknowledge that because it doesn’t fit your political agenda.
just makes my head explode hearing such complete ignorance on the subject by the “silent majority” who somehow deem themselves experts despite having no experience. Or are you a rig hand? Cuz those guys are basically drone ants too, they have one job to do, but outside of putting sticks in the ground, they’re very uninvolved with the whole permitting process as well.
theLiquoroh sweet, you studied Economics? UVT? Maybe then you can explain why a pipeline (that had been gridlocked for damn near decades) has more of an impact on today’s gas prices than oil futures going negative in 2020. I worked as an oil geologist for a decade—it takes about a year for drilling activity to be influenced by prices—drilling rig contracts, leases, permitting.. you don’t just suddenly drop or pick up rigs/pipelines at a moments notice. And if prices are so low, you can cap wells for production at a later time, but then you get a sort of parasitic loss where production declines based on how long it sat capped. So when oil went so low in 2020, companies halted new drilling but that doesn’t kick in until a while later, so when oil demand boomed again we’re so far behind to keep up. And that was with your Sir. Trumpy in office. So if we’re going to point fingers….
Look at what matters—rig count. Holy shit, look what a boon Obama was on the market. Trump indirectly killed it (to be fair, IMO Trump pulling out of Paris accord killed it, because state and local governments then took charge in climate change since it became evident if they didnt, nobody would).
and guess what? Who has authority over drilling permits and leases? STATE AND LOCAL GOVERNMENTS. Presidents really have such little control over it (why was rig count so high under Obama when he could have killed the industry with the push of a button?) but you simpletons refuse to acknowledge that because it doesn’t fit your political agenda.
just makes my head explode hearing such complete ignorance on the subject by the “silent majority” who somehow deem themselves experts despite having no experience. Or are you a rig hand? Cuz those guys are basically drone ants too, they have one job to do, but outside of putting sticks in the ground, they’re very uninvolved with the whole permitting process as well.
theLiquoroh sweet, you studied Economics? UVT? Maybe then you can explain why a pipeline (that had been gridlocked for damn near decades) has more of an impact on today’s gas prices than oil futures going negative in 2020. I worked as an oil geologist for a decade—it takes about a year for drilling activity to be influenced by prices—drilling rig contracts, leases, permitting.. you don’t just suddenly drop or pick up rigs/pipelines at a moments notice. And if prices are so low, you can cap wells for production at a later time, but then you get a sort of parasitic loss where production declines based on how long it sat capped. So when oil went so low in 2020, companies halted new drilling but that doesn’t kick in until a while later, so when oil demand boomed again we’re so far behind to keep up. And that was with your Sir. Trumpy in office. So if we’re going to point fingers….
Look at what matters—rig count. Holy shit, look what a boon Obama was on the market. Trump indirectly killed it (to be fair, IMO Trump pulling out of Paris accord killed it, because state and local governments then took charge in climate change since it became evident if they didnt, nobody would).
and guess what? Who has authority over drilling permits and leases? STATE AND LOCAL GOVERNMENTS. Presidents really have such little control over it (why was rig count so high under Obama when he could have killed the industry with the push of a button?) but you simpletons refuse to acknowledge that because it doesn’t fit your political agenda.
just makes my head explode hearing such complete ignorance on the subject by the “silent majority” who somehow deem themselves experts despite having no experience. Or are you a rig hand? Cuz those guys are basically drone ants too, they have one job to do, but outside of putting sticks in the ground, they’re very uninvolved with the whole permitting process as well.
Focusing on permits is stupid when oil/gas companies own over 9000 permits that they haven't acted on. You would think that having a stance that the US/world needing to wean off fossil fuels wouldn't be controversial but here we are. Moving into the future, reducing emissions should be at the forefront of thinking imo. Part of that includes oil and natural gas as well because its ignorant to think solar/wind can immediately carry the load just like its ignorant to think they won't have a part in getting to clean energy. Some people on the left ignore the reality of needing fossil fuels, especially with an eye toward developing countries.
Realistically, I'd like there to be a bigger shift in the U.S. developing better infrastructure for processing the oil we currently export. It seems whack to me that we import and export similar amounts of oil product because of the emissions cost of moving them around the globe. This is my own thinking with reducing total global emissions in mind so I dont need the economic explanation of how its not as profitable for the poor oil companies. They have been raking in record profits and benefited from plenty of tax loopholes, subsidies, and lobbying for decades.
Part of the GOP playbook is to slash taxes for corporations and the rich, increase the deficit, and then blame all the consequences on the Dems while blocking everything they try to do to fix it. Its not going to trickle down lol
You’re taking words so far out of context. Reducing oil drilling space by 80%? No, reducing federal drilling space by 80%, which was largely only because Trump opened up all that protected federal land in the first place which is why that big outdoor retail convention was moved out of Utah to Colorado a few years back. Most drilling leases are privately owned ranch land not federal lands—only federal land I ever drilled on was in Utah and I drilled 250 wells you fucking kook. And they said Obama was shutting down all the federal land in Alaska to oil drilling in Alaska to get the republicans all pissed off yet I was still getting job offers to drill on the north slope as well. Your news sources make up bullshit because they can because you keep blindly believing it.
seriously, wtf are your credentials on even discussing this topic aside from being a keyboard warrior? Can we do an exchange and ban this person and bring back dolan plz?
theLiquorYou’re taking words so far out of context. Reducing oil drilling space by 80%? No, reducing federal drilling space by 80%, which was largely only because Trump opened up all that protected federal land in the first place which is why that big outdoor retail convention was moved out of Utah to Colorado a few years back. Most drilling leases are privately owned ranch land not federal lands—only federal land I ever drilled on was in Utah and I drilled 250 wells you fucking kook. And they said Obama was shutting down all the federal land in Alaska to oil drilling in Alaska to get the republicans all pissed off yet I was still getting job offers to drill on the north slope as well. Your news sources make up bullshit because they can because you keep blindly believing it.
seriously, wtf are your credentials on even discussing this topic aside from being a keyboard warrior? Can we do an exchange and ban this person and bring back dolan plz?
I'm sure rise in prices have nothing to do with a downward trend in drilling. LOL
VTshredder69I'm sure rise in prices have nothing to do with a downward trend in drilling. LOL
I'm sure the rise in price has nothing to do with the record-breaking profits among all of the oil producers who are purchasing stock buybacks instead of investing in more production. LOL
What I don’t understand about VT shredder is he is so anti-dem yet lives in Vermont and was telling me the south is a shithole a few months back. So, by his logic, he’s claiming his own politics create shitholes.
Dude is just a troll.
theLiquorYou’re taking words so far out of context. Reducing oil drilling space by 80%? No, reducing federal drilling space by 80%, which was largely only because Trump opened up all that protected federal land in the first place which is why that big outdoor retail convention was moved out of Utah to Colorado a few years back. Most drilling leases are privately owned ranch land not federal lands—only federal land I ever drilled on was in Utah and I drilled 250 wells you fucking kook. And they said Obama was shutting down all the federal land in Alaska to oil drilling in Alaska to get the republicans all pissed off yet I was still getting job offers to drill on the north slope as well. Your news sources make up bullshit because they can because you keep blindly believing it.
seriously, wtf are your credentials on even discussing this topic aside from being a keyboard warrior? Can we do an exchange and ban this person and bring back dolan plz?
BradFiAusNzCoCaWhat I don’t understand about VT shredder is he is so anti-dem yet lives in Vermont and was telling me the south is a shithole a few months back. So, by his logic, he’s claiming his own politics create shitholes.
Dude is just a troll.
You'd be surprised how many people like VTShredder live in Vermont.
BradFiAusNzCoCayou're probably right. I learned my lesson when I moved to western Colorado. Their politics were harder right than where I was from in the south.
I mean as a whole VT is very left leaning. Vermont is made up of a lot of rural and poor areas, leading to the more extreme republican view. (generalizing: Burlington= extreme left, Rural VT= extreme right)
I’ve learned that politics is mostly an urban vs rural issue. Everywhere I’ve been it’s city vs country. Colorado included.
WarmBeerColdPizzI mean as a whole VT is very left leaning. Vermont is made up of a lot of rural and poor areas, leading to the more extreme republican view. (generalizing: Burlington= extreme left, Rural VT= extreme right)
skiermanI'm sure the rise in price has nothing to do with the record-breaking profits among all of the oil producers who are purchasing stock buybacks instead of investing in more production. LOL
LOL INSTEAD OF INVESTING IN MORE PRODUCTION.
Looks like you got that wrong considering they've almost doubled their purchases this year Since they can't drill on their own.
VTshredder69LOL INSTEAD OF INVESTING IN MORE PRODUCTION.
Looks like you got that wrong considering they've almost doubled their purchases this year Since they can't drill on their own.
REvenue has gone up exponentially as well.
Terrible argument
Bro doesn't know how to read financial statements nor does he understand what they mean. You're a perfect representation of the modern day Republican party LOLOLOL
- Biden does not control how companies set their prices.
- Oil companies do not like Biden's policies because he is pro EV and willing to admit that climate change exists and is caused by humans
- Oil companies raise prices in response to Biden's policies
- Oil companies blame rises in price on Biden while raking in massive profits, in an attempt to rally people against laws that protect the environment and potentially prevent oil companies from making limitless profits at the expense of everyone else
skiermanBro doesn't know how to read financial statements nor does he understand what they mean. You're a perfect representation of the modern day Republican party LOLOLOL
on the contrary. you're proving your ignorance with this comment. they've doubled their expenditures you dumb fuck. LOL
- Biden does not control how companies set their prices.
- Oil companies do not like Biden's policies because he is pro EV and willing to admit that climate change exists and is caused by humans
- Oil companies raise prices in response to Biden's policies
- Oil companies blame rises in price on Biden while raking in massive profits, in an attempt to rally people against laws that protect the environment and potentially prevent oil companies from making limitless profits at the expense of everyone else
And where do you think the energy to build and power our lord and savior the electric vehicle comes from? Magic? A farting unicorn? What about the lithium itself? I’m beginning to think Klaus and ol billy boy are right and we need to cull the useless eaters like you. Anyways get your booster.
**This post was edited on Aug 2nd 2022 at 6:15:16pm
mobadisAnd where do you think the energy to build and power our lord and savior the electric vehicle comes from? Magic? A farting unicorn? What about the lithium itself? I’m beginning to think Klaus and ol billy boy are right and we need to cull the useless eaters like you. Anyways get your booster.
**This post was edited on Aug 2nd 2022 at 6:15:16pm
VTshredder69on the contrary. you're proving your ignorance with this comment. they've doubled their expenditures you dumb fuck. LOL
"doubled"
Doesn't that read that they spent more on production and exploratory endeavors? I guess we're also going to ignore the higher demand for oil this year compared to last given the context of more people being forced back into commuting to the office and traveling. They spent a lot more on crude because that's what their refineries are set up to process.
All this is still a deflection from the fact that oil companies are making unprecedented profits at the expense of average consumers and the planet's future. If you're gonna keep defending em then you're trolling, have less brain cells than a shovel, or daddy is the Exxon CEO