https://twitter.com/FINALLEVEL/status/1506998392328794117
I was robbed at a gas station in NJ last night. After my hands stopped trembling..I managed to call the cops and they were quick to respond and calmed me down..... My money is gone.. the police asked me if I knew who did it..I said yes.. it was pump number 9β¦
— ICE T (@FINALLEVEL) March 24, 2022
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Collapse in demand during covid tanked.
Production shuts down as demand tanks.
Economy opens up and we see a demand shock and the price of oil sky rockets, thus the price of gas does.
Production fails to ramp fast enough to meet demand, opec refuses to increase production.
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The left pushed to have every thing shut down as much as possible and stiffled domestic oil production. So, it's the current admins fault.
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The tanking of oil prices was not a domestic thing, but global.
The US could have shut down 0 things (impossible) and oil still would have tanked and global supply chains still shut down.
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The US is one of the prolific oil consumers, shutting us down alone did have a significant impact on production. It is not completely the current administrations fault but they did multiple things to exacerbate it to the point of ridiculousness. You not being able to acknowledge this is a bit frustrating, but no one relies on you for intelligence on this website.
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What you are not comprehending is global supply chains would have shut down no matter what, the price of oil would have collapsed no matter what.
Like you're repeating things that sound really good on fox news but do not live in tangible reality.
Like what?
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shut down everything, cut domestic production of oil, antagonize Russia by blaming them for EVERYTHING, push green energy but do nothing worthwhile to implement it effectively to reduce the impact on the common man, etc. It's the difference between shooting back up to 2.50 a gallon as opposed to 4.00 a gallon (for now).
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What did Biden shut down, can you link me to the orders?
Where and how? Because the federal land stuff never went through and the polling of the oil industry does not cite this.
What was Russia blamed for they were not guilty of, and gas priced were high before anything happened with Ukraine, correct?
In specific which green energy did Biden push that increased gas prices?
I mean it kind of just seems like you have a bunch of vague talking points you've never thought about.
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Biden's party repeatedly shut down everything and made a big deal about.. First day in office biden shut down a pipeline and made it clear what they were doing. People still think Trump is a russian puppet. Biden's party is often know for shutting down things like nuclear power plants because they think it's evil or some shit.
Shut the frick up r-slur.
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Most of the world shut down.
You said the Biden admin. What did the Biden admin shut down?
What does keystone xl have to do with domestic prices?
What does this have to do with anything being discussed and oil prices?
What? Nuclear power plants aren't built in America because fossil fuel subsidies make them economically uncompetitive.
Are you not American?
You just seem to not be American and have a very questionable understanding of how any of this stuff works.
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source
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That is very fascinating, thank you for explaining what happened up until now but I have another couple questions. Why did production fail to ramp up? Did someone decide that domestic oil wasn't worth looking into as an option?
That is very fascinating, thank you for explaining what happened up until now but I have another couple questions. Why did production fail to ramp up? Did someone decide that domestic oil wasn't worth looking into as an option?
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No, oil companies have not stopped drilling and are sitting on some 9k permits.
You can find oil execs discussing why production has been slow to ramp up, not mentioned? Drilling:
https://www.axios.com/wall-street-oil-execs-a3cdaa1b-6839-448c-a5fb-2697b0a0c77b.html
Maybe environmental issues can be considered such, but it's still a minority.
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Domestic oil policy has remained exactly the same since the Trump administration? No one came into office and cancelled the Keystone pipeline or anything like that?
Domestic oil policy has remained exactly the same since the Trump administration? No one came into office and cancelled the Keystone pipeline or anything like that?
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Why would keystone XL, an extension to a pipeline pushed to increase canadian oil prices on the open market, expected to be complete in 2030 cause current gas prices?
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I'm just asking if there's anyone around who is pushing for less domestic oil and less cheap oil. Maybe someone who signed an sweeping executive order to do so? I'm not really sure myself.
I'm just asking if there's anyone around who is pushing for less domestic oil and less cheap oil. Maybe someone who signed an sweeping executive order to do so? I'm not really sure myself.
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Ok, you're dismissed until you respond to and refute the facts presented so far.
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Well I'm just asking because I've heard about this thing called futures that gets priced into the market. See when people make decisions about things like the Keystone Pipeline or refusing to let oil companies drill on government land, that results in oil prices rising in the now and more reliance on expensive foreign oil. I'm just wondering, is it possible for oil prices to go down if someone would maybe just let US companies drill more or at least do what they used to do? Or do you believe that decisions made by the [currently] most powerful person in the world has zero affects on the prices of oil here and around the world?
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You will not be responded to until you read and refute the facts presented.
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Hurrr if they just continued production on this pipeline that wasnt actually meant for domestic sales, gas would be .00001$/gallon!
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It's honestly almost satire.
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Yes, that's the only thing I mentioned.
Yes, that's the only thing I mentioned. 
Yes, that's the only thing I mentioned. 
Yes, that's the only thing I mentioned. 
Yes, that's the only thing I mentioned. 
Yes, that's the only thing I mentioned. 
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All of your points were dumb lol.
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Pizza wins yet again
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I don't even think Biden is solely or even mostly to blame for oil prices but I followed up that link and went to the original survey site and most of them say that investors are not feeling keen on oil because of current regulations and current administration's focus. At the very least, the Dems have clearly spooked oil investors.
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Uh that's not what it says.
Here's more in depth stuff:
This has been going on for a while:
https://www.boyarmiller.com/news-and-publications/press-release/capital-discipline-spending-and-big-data-fuel-oil-and-gas-industry-changes-cite-executives-speaking-at-the-boyarmiller-energy-forum/
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I was replying to your post with a link to the axios article which referenced the Dallas Fed Energy Survey and there they do mention increased regulations and scrutiny from the administration. I'm even agreeing with you that Biden is not in large part responsible for the gas prices but is your assertion that the Dems' focus on climate change has not had any effect at all on companies' reticence to expand production?
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The focus seems to be a minority according to the survey, the most cited reason, capital discipline has been a term invoked by them for years which is why I also linked:
https://www.boyarmiller.com/news-and-publications/press-release/capital-discipline-spending-and-big-data-fuel-oil-and-gas-industry-changes-cite-executives-speaking-at-the-boyarmiller-energy-forum/
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I pointed out the original survey because in the comments, many elaborated that investors were also weary of the shift to more carbon conscious energy. So it's not enough to just say capital discipline when that also takes into account the fact that many investors just don't think that politically, oil has a positive outlook (and yes I realize that's on top of other issues unrelated to the increasing shift to green energy). Biden literally nominated Sarah Bloom Raskin to the Fed reserve, a woman who has argued for banks to move away from fossils fuels. What message were investors supposed to get? And just this past Feb., a federal court blocked Biden from increasing the climate cost estimate when making rules for the oil and gas industry. Again, that does not inspire investor confidence.
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After reading the survey, you seem to be misrepresenting what they said based on a few comments.
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https://twitter.com/TheStalwart/status/1506695630663602176 it appears that regulations are not a large factor
the 'dems' focus on climate change' may not have much impact as it is rhetoric. specific policy decisions may have impact but do not appear to have that much!
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Don't exactly blame OPEC. Putin screwed them pretty bad 2 years ago and things are uncertain right now so might as well cash out while you wait things out.
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I mean I think you can blame them, obviously the geopolitical situation is not stable though.
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