Jan 20 2025 price of gas

[Noodle]

My response is compared to what ? Here's what... US has been the largest producer of oil years before Biden. We had pretty much become self sufficient with only 11% imported. Oil production pace was on a climb until Biden. Then it took 4 years to pass what previously had been a record in million metric tons. 4 YEARS is a long time in the oil industry. And a significant amount of that oil is exported due to environmental, political and economic problems. Our infrastructure is very poor (pipelines), foreign oil can be cheaper too. Now our imports have increased. Advances in technology specifically fracking and horizontal drilling have helped overcome democrats opposition.

I also had the opportunity in Houston to play golf with two oil men who described how expensive it is to obtain new leases ,the red tape involved in getting leases, how the green energy people have influenced some of the investment companies that help fund oil drilling, and the layoffs that occurred. Very interesting insights from these guys. You might want to start by stop watching left wing shows.

The U.S. did not take over as the largest oil producer in the world until 2018. As for Biden, the U.S. produced more oil during his four years than during Trump's. Also, the gap between the U.S. and the next largest producer grew by quite a bit. Production tanked in 2020 due to Covid, and that production took a couple years to recover. But that had nothing to do with Biden. Production increased every year under Biden.

Yes, imports have increaed a bit - but that too had nothing to do with Biden. Exports increased more than imports during Biden's four years. And that's not because of "environmental, political and economic problems."

Biden’s oil boom

How US oil production hit a record under Biden despite climate policies

www.reuters.com

 

[IUclover]

Margins is the other problem. No money or not enough in 3/2 1800 Sq ft homes

I’m in the market right now and looking at two “affordable areas.” The min for that size home is $600k for a non-starter house. Good times…sigh.

 

[mcmurtry66]

I’m in the market right now and looking at two “affordable areas.” The min for that size home is $600k for a non-starter house. Good times…sigh.

It really is insane. Decent hoods here are priced no differently than Delray, boca, or Lakewood ranch on the gulf. And we have no beach, no mountains, and to be honest no real city. It should cost peanuts to live here

 

[Noodle]

The U.S. did not take over as the largest oil producer in the world until 2018. As for Biden, the U.S. produced more oil during his four years than during Trump's. Also, the gap between the U.S. and the next largest producer grew by quite a bit. Production tanked in 2020 due to Covid, and that production took a couple years to recover. But that had nothing to do with Biden. Production increased every year under Biden.

Yes, imports have increaed a bit - but that too had nothing to do with Biden. Exports increased more than imports during Biden's four years. And that's not because of "environmental, political and economic problems."

Biden’s oil boom

How US oil production hit a record under Biden despite climate policies

www.reuters.com

And this (which includes crude oil, and LPG, etc.)

 

[JamieDimonsBalls]

I love innuendo! Stealing!

I enjoy fracking my wife, not that it happens often.

 

[larsIU]

I enjoy fracking my wife, not that it happens often.

Marriage and kid.

Right when I was enjoying myself. Stupid stupid stupid.

 

[JamieDimonsBalls]

Marriage and kid.

Right when I was enjoying myself. Stupid stupid stupid.

Samsies. Was juggling a few at the same time rather well, then sacrificed it all for a single woman. What was I thinking?

 

[IUINSB]

I’m in the market right now and looking at two “affordable areas.” The min for that size home is $600k for a non-starter house. Good times…sigh.

Prices aren't too bad in South Bend. The problem is you have to live in South Bend.

 

[Baller23Boogie]

Samsies. Was juggling a few at the same time rather well, then sacrificed it all for a single woman. What was I thinking?

Boobs for the rest of your life.

Duhhh.

 

[Cortez88]

On a related note, wife just went to the store and a dozen eggs are $4.17. Not the fancy ass kind either. I feel like they were $1 forever. WTF

 

[ButHerEmails]

$3.15 for the lowest grade gas this morning in Indy. Can't wait to get back to $2/gallon! Any day now, I can feel it.

It actually should go down this spring/summer, but not from anything Trump is doing. It’s been predicted since this time last year. Don’t worry, Trump will take credit and dumbasses will give him credit.

 

[Noodle]

I enjoy fracking my wife, not that it happens often.

On a related note, wife just went to the store and a dozen eggs are $4.17. Not the fancy ass kind either. I feel like they were $1 forever. WTF

Brought to you by the bird flu. Some stores do not even have eggs to sell.

 

[mrhighlife]

I've told my friends who only watch Fox News the same about oil production. They literally had no idea the levels we are currently producing. Fox conveniently leaves that out of their reporting. These guys also don't understand global supply and demand.

All they see is the price at the pump. Which everyone agrees is too high. They don't, most don't, understand why the price it what it is though. They also don't understand the severe consequences of crashing oil prices enough to significantly lower gasoline prices.

 

[outside shooter]

On a related note, wife just went to the store and a dozen eggs are $4.17. Not the fancy ass kind either. I feel like they were $1 forever. WTF

Shelves are actually empty of the store brand of eggs at my Publix yesterday. They get them from a Georgia supplier that is 100% shut down by H5N1. So you can just get the froo-froo organic fancypants doz eggs for $6, or 6 for $4.29

I guess in the future, though, we will fire all of those scientists testing for bird flu and not take such precautions. Blissful ignorance for the win.

 

[UncleMark]

$3.09 today. Should be around $2.00 by Spring.

And today it's $3.05. That damn Trump is killing it.

 

[mohoosier]

Costco 2.99 today, Daytona Beach

 

[TMFT]

Costco 2.99 today, Daytona Beach

Oooooh, someone’s a fancy member of a club.

 

[mohoosier]

Oooooh, someone’s a fancy member of a club.

lol, I always buy gas at Costco, so much cheaper usually

 

[JamieDimonsBalls]

Brought to you by the bird flu. Some stores do not even have eggs to sell.

Thanks Chyna, bunch of pandemic spreaders

 

[The Original Happy Goat]

The U.S. did not take over as the largest oil producer in the world until 2018. As for Biden, the U.S. produced more oil during his four years than during Trump's. Also, the gap between the U.S. and the next largest producer grew by quite a bit. Production tanked in 2020 due to Covid, and that production took a couple years to recover. But that had nothing to do with Biden. Production increased every year under Biden.

Yes, imports have increaed a bit - but that too had nothing to do with Biden. Exports increased more than imports during Biden's four years. And that's not because of "environmental, political and economic problems."

Biden’s oil boom

How US oil production hit a record under Biden despite climate policies

www.reuters.com

WTF is your problem, posting all these inconvenient facts?

 

[JamieDimonsBalls]

The U.S. did not take over as the largest oil producer in the world until 2018. As for Biden, the U.S. produced more oil during his four years than during Trump's. Also, the gap between the U.S. and the next largest producer grew by quite a bit. Production tanked in 2020 due to Covid, and that production took a couple years to recover. But that had nothing to do with Biden. Production increased every year under Biden.

Yes, imports have increaed a bit - but that too had nothing to do with Biden. Exports increased more than imports during Biden's four years. And that's not because of "environmental, political and economic problems."

Biden’s oil boom

How US oil production hit a record under Biden despite climate policies

www.reuters.com

WTF is your problem, posting all these inconvenient facts?

This thread would be better served with focus on sexual innuendo than pointless attempts at claims. What happens when you have materially higher average oil prices? Higher profits per existing production and more investment in incremental production.

 

[Noodle]

This thread would be better served with focus on sexual innuendo than pointless attempts at claims. What happens when you have materially higher average oil prices? Higher profits per existing production and more investment in incremental production.

Yes! We need higher oil prices1

 

[Noodle]

Yes! We need higher oil prices1

Or, more sexual innuendo. Take your pick.

Maybe more expensive sex oil?

 

[hookyIU1990]

Costco 2.99 today, Daytona Beach

$3.99 Costco Livermore, CA

 

[UncleMark]

Yes! We need higher oil prices1

Or, more sexual innuendo.

Higher priced sexual innuendo

 

[IUclover]

Shelves are actually empty of the store brand of eggs at my Publix yesterday. They get them from a Georgia supplier that is 100% shut down by H5N1. So you can just get the froo-froo organic fancypants doz eggs for $6, or 6 for $4.29

I guess in the future, though, we will fire all of those scientists testing for bird flu and not take such precautions. Blissful ignorance for the win.

Honestly, as someone who puts MAGA above my faith, I hope Trump does what’s right by lifting more regulations and allowing people to have their eggs with the chance of bird flu. I mean, it’s just like the common cold. No need to lock down my eggs.

 

[mcmurtry66]

Honestly, as someone who puts MAGA above my faith, I hope Trump does what’s right by lifting more regulations and allowing people to have their eggs with the chance of bird flu. I mean, it’s just like the common cold. No need to lock down my eggs.

Patience. Inflation is a global issue. Compare how we do against other countries and revisit his performance in the years to come.

 

[TMFT]

Patience. Inflation is a global issue. Compare how we do against other countries and revisit his performance in the years to come.

we tried line that during the Biden admin. The people didn’t buy it.

 

[mcmurtry66]

we tried line that during the Biden admin. The people didn’t buy it.

Strange

 

[Noodle]

Patience. Inflation is a global issue. Compare how we do against other countries and revisit his performance in the years to come.

Well yeah, inflation is a global issue - especially when you have the presumptive leader of the free world slapping tariffs on everything but the air we breathe.

 

[mcmurtry66]

Well yeah, inflation is a global issue - especially when you have the presumptive leader of the free world slapping tariffs on everything but the air we breathe.

You’ve got bigger problems. Where’s Acosta?

 

[jet812]

We need less talk about talks and more action.

Heading to Costco this morning. I’ll report back. Hoping the EO gender thing of male and other helps my wallet.

No, but you’ll see fewer illegals & less DEI hires. 😁

 

[outside shooter]

$3.29 @Mobil, Palm Beach Gardens

higher at Shell, of course

edit: $3.06 at Wawa in Royal Palm!

 

[Noodle]

You’ve got bigger problems. Where’s Acosta?

He’s afraid of being deported

 

[SqueakyClean]

Well yeah, inflation is a global issue - especially when you have the presumptive leader of the free world slapping tariffs on everything but the air we breathe.

Don't give him any ideas.

 

[Noodle]

He’s afraid of being deported

Acosta is in the house (as of this evening)

 

[mcmurtry66]

Acosta is in the house (as of this evening)

That’s 🔥🔥. Your wingman will love that news

 

[secondasky]

The U.S. did not take over as the largest oil producer in the world until 2018. As for Biden, the U.S. produced more oil during his four years than during Trump's. Also, the gap between the U.S. and the next largest producer grew by quite a bit. Production tanked in 2020 due to Covid, and that production took a couple years to recover. But that had nothing to do with Biden. Production increased every year under Biden.

Yes, imports have increaed a bit - but that too had nothing to do with Biden. Exports increased more than imports during Biden's four years. And that's not because of "environmental, political and economic problems."

Biden’s oil boom

How US oil production hit a record under Biden despite climate policies

www.reuters.com

What's going on currently is no defense for what happened in 2021 which was my post. And yes we were the largest oil producer for about 50-60 years until about 1978. Your chart also shows production grew at a double digit growth from 2017-2021 (except for covid) then the growth went down to single digits although I expect when the 2024 numbers come in it will be double digits. But the pace slowed considerably.

Here is an article from Dan Eberhart CEO of Canary Drilling Services with a timeline from 2021 until changes were finally made.

A timeline of Biden's actions on oil and gas reveal where his priorities are

The Biden administration's actions are speaking louder than words when it comes to domestic oil production.

www.foxbusiness.com