What your gas money buys...

sklarbodds

Administrator
Moderator
Nov 30, 2006
37,971
48,228
113
Links:

Record Profits for oil companies
Oil Execs selling stock at record rates while the market is bloated
Record Stock buybacks for shareholders / investors
OPEC+..."We'll raise production...then miss production by a ton"
Wall Street demanding low re-investment levels ✅
Production still way below pre-pandemic levels
507193dc-d5fc-928b-e493-d5d67b4fd056.jpg




Politicians doing something meaningful about it ❌
 

sklarbodds

Administrator
Moderator
Nov 30, 2006
37,971
48,228
113
Worth keeping in mind (the bottom part keeps rising...in April it was 61%):
what-we-pay-for-at-the-pump-eia.png
 

jbt25

Nebraska Football Hall of Fame
Gold Member
Apr 27, 2010
19,782
13,715
113
I'd imagine it wouldn't look like that if the president of the United States hadn't promised to end fossil fuels.
100% that’s the problem at these prices started going up the minute he was elected go look at the freaking charts.

it’s all his fault in terms of gas prices and food prices in the rest of inflation is also their fault but I’d say the rise in oil is at least half the reason we have the inflation we do because we spent like drunken sailor‘s for 20 years I’ll come now we’ve got the massive inflation it’s because he junked AMERICAN ENERGY INDEPENDENCE…. period
 

Laner2

Offensive Coordinator
Dec 27, 2007
8,769
6,564
113
The Hurtling Moons of Barsoom
OP is deflecting a bit here. While politicians bear responsibility for the current unprecedented oil spikes, only ONE party sharply diminished domestic oil production in the last 18 month, squawking about underused leases on federal lands while not mentioning that those leases are the least attractive in the federal manifest.

Just one party.
 

burntorange72

All-American
Gold Member
Mar 9, 2004
4,499
3,739
113
Here is Link to the largest oil producers in the Permian Basin. I guess on one hand it would support your position that the CEOs of the largest companies are holding back on drilling. But, on the other hand the oil industry has many large producing companies and it would be unlikely y not to mention illegal for them to all collude to hold back on drilling. If you have some documentation of all the oil companies agreeing together not to drill, I would like you to produce it. And you should also send it to the DoJ. Otherwise this is just another conspiracy theory like “stop the steal”, with documentation supplied by my pillow guy.
 

Laner2

Offensive Coordinator
Dec 27, 2007
8,769
6,564
113
The Hurtling Moons of Barsoom
That actually didn't happen.

There is zero government standing in the way of oil being back at pre-pandemic levels. ZERO.

Wall street / Execs are what's stopping it now.
Keystone pipeline. The futures for oil were depressed due to anticipation of that coming online.

Bribeme has stopped leases for oil exploration on the most potentially productive fed locations and offered trash leases. Increased the futures for oil prices.

Oil execs? Do you have any proof or is that just another bumper sticker?
 

c3o

All-American
Apr 24, 2018
4,379
8,625
113
Keystone pipeline. The futures for oil were depressed due to anticipation of that coming online.

Bribeme has stopped leases for oil exploration on the most potentially productive fed locations and offered trash leases. Increased the futures for oil prices.

Oil execs? Do you have any proof or is that just another bumper sticker?
Prepare for an onslaught of links with 0 context and his retard minions will clap and act like he did something
 

HuskerCubs

All-American
Gold Member
Jan 11, 2002
4,584
3,619
113
You do realize that the oil market is speculative correct? You and I had this conversation a few months back. The market first reacted in November to Biden winning then further reacted when Biden squashed Keystone XL and paused federal land leases the first days of his Presidency by executive order.

Also, with supply chain issues the oil companies are having significant issues getting the items they need to actually tap those leases. Not to mention the administrations refusal to green light pipelines from the oil fields that the companies want to create in place like Pennsylvania to help them move what they drill for to refineries forcing them to move by other less efficient means.

Stop with the corporate greed bs already, if you were in charge of those companies after the negative barrel prices of 2020 you would be creating goodwill with your investors too at the price per barrel as well it is smart business. Tell the democrats the same thing we have been saying for a year and a half stop the war on oil. Free the companies up to do what they need to do while Putin is doing what he is doing. The battle against oil is the main cause right now as to why the oil market is not being allowed to settle itself.

EDIT And oh yeah when the Biden team took office they took the decision whether to allow permitting on those leases back to DC and reupped a ridiculous amount of red tape for approval of those permits on those leases that slows down and raises costs on the oil producers as well.
 

NikkiSixx

Offensive Coordinator
Sep 14, 2013
8,352
8,031
113
My understanding is that the keystone pipeline would only be used to send Canadian oil to the refinery in Texas, to be then sold off to China.

It only benefitted the US for the refiner's cut, but probably also indirectly by just having more available crude on the market.

One thing is for sure, nobody is going to invest in a new oil refinery to increase the bottleneck there.

This whole mess, still doesn't happen under Trump.

Every Biden voter is responsible and should be ashamed at making such an important voting decision about unimportant things.

Every Biden voter, has in effect, voted to destroy this country, whether they meant to, or not. Next time they vote that way, it will be hard to defend that it wasn't on purpose.
 

Laner2

Offensive Coordinator
Dec 27, 2007
8,769
6,564
113
The Hurtling Moons of Barsoom
My understanding is that the keystone pipeline would only be used to send Canadian oil to the refinery in Texas, to be then sold off to China.

It only benefitted the US for the refiner's cut, but probably also indirectly by just having more available crude on the market.

One thing is for sure, nobody is going to invest in a new oil refinery to increase the bottleneck there.

This whole mess, still doesn't happen under Trump.

Every Biden voter is responsible and should be ashamed at making such an important voting decision about unimportant things.

Every Biden voter, has in effect, voted to destroy this country, whether they meant to, or not. Next time they vote that way, it will be hard to defend that it wasn't on purpose.
There's two cloths to be cut.

(1) What you said is true, but incompletely posited. The XL would have delivered crude to refineries in the US, which then would have provided crude products to the US and the rest of the world. That's a net increase in supply.

(2) The XL would have increased crude supplies. That would have induced speculators (see HuskerCubs post above) to bid less per barrel (increased crude supply means lower price), which would have lowered the cost of all crude products, including gas at the pump. It's not always apparent, but speculators (who drive me nuts) actually affect prices in all commodities (wheat, corn, coal, oil, cotton) as much as real-world costs do.
 
  • Like
Reactions: Hyattea

HuskerCubs

All-American
Gold Member
Jan 11, 2002
4,584
3,619
113
You do realize that the pipeline would not have been carrying any oil until at least late into 2023 and most likely 2024 right?
At worst the pipeline would have been completed right now according to the Canadians. However with the right administration in place and Putin doing what he is doing it would be alleviating the pressure on the world market right now. Stop listening to propaganda.
 

EriktheRed

Athletic Director
Gold Member
Jul 1, 2001
14,146
18,263
113
At worst the pipeline would have been completed right now according to the Canadians. However with the right administration in place and Putin doing what he is doing it would be alleviating the pressure on the world market right now. Stop listening to propaganda.
The Obama/Biden admin even tried to ban fracking. Can you imagine what the prices would be like now if they succeeded and the R's didn't block them from doing so?
 

kidofSN

Senior
Gold Member
Jul 4, 2007
2,341
3,140
113
“So the guy who closed the Keystone pipeline on Day one, wants us to believe it’s Russia’s fault for the gas crisis,” says another Facebook post.

This persistent narrative has been spreading on social media since the early days of Russia’s invasion of Ukraine, along with false claims that all other U.S. oil pipelines have also been shut down. That is not the case. Experts tell The Associated Press that the Keystone XL pipeline cancellation isn’t affecting what’s happening in the oil market today. It was never operational when it was shut down, and was not slated to go into service until 2023, according to a press release from TC Energy, the company constructing the project.

“Problem with the Keystone: It’s like saying a highway that was built but never completed is somehow making your commute to work way longer. You never got to ride on that highway. It was never opened. It was never relied on,” said Patrick De Haan, head of petroleum analysis for GasBuddy.com, referring to the Keystone XL pipeline.

The Keystone XL pipeline was intended to be an expansion of the existing Keystone pipeline, which runs about 2,687 miles from Alberta to Illinois and Texas, and is operating. The pipeline extension was designed to carry up to 830,000 barrels of oil a day from Canada and North Dakota to refineries along the Gulf Coast. Biden revoked the permit to continue construction in January 2021, shortly after he took office.

The U.S. is still receiving oil from Canada through other means, like railways and other operational oil pipelines running in the U.S in addition to the original Keystone pipeline, said Ramanan Krishnamoorti, a professor and the chief energy officer at the University of Houston.

Even if the Keystone XL pipeline had been completed, the amount of oil it was designed to transport would have been a drop in the bucket for U.S. demand, experts noted. The U.S. used nearly 20 million barrels of oil a day last year, while global consumption of oil was near 100 million barrels. The pipeline would have contributed less than 1% to the world supply of oil, according to AP reporting.

“The total volume of additional supply is negligible in a market that uses 100 million barrels of oil every day,” Jason Bordoff, founding director of the Center on Global Energy Policy at Columbia, said in an email statement to the AP.
 

jbt25

Nebraska Football Hall of Fame
Gold Member
Apr 27, 2010
19,782
13,715
113
You’ve got the wrong root cause problem Sklar it’s not the oil companies it’s not the stock profits it’s the fact that Biden set all of this in motion by sending the production overseas so that would be in the hands of Russia Middle East Saudi Arabia Venezuela to set the price. OPEC
 

jbt25

Nebraska Football Hall of Fame
Gold Member
Apr 27, 2010
19,782
13,715
113
If it was strictly about oil companies making record profits why aren’t they constantly this high?

they would never be down at the levels Trump had them at but it’s all because of policy and agenda and energy independence the minute you send this crap overseas you’re giving up your ability to control the price you morons how are you not smart enough to figure this out Sklar stop being a political hack Trump you always blame the Republicans and Trump have the oil companies losing money guess who has the oil companies record profit Biden does on purpose so once again just like the war mongering used to say all the Republicans were warmongers and Democrats were for Pease completely the opposite in history up until a different kind of war of radical Islam broke out and then both bushes had wars but up until then it was all Democrats who are in charge when was broke out so your narrative once again you got to stop listening to and living the lie on the left
 
  • Haha
Reactions: philosophusker

jbt25

Nebraska Football Hall of Fame
Gold Member
Apr 27, 2010
19,782
13,715
113
Under bush win the prices were are you blamed oil speculators in the commodities market in the oil the greedy oil bad companies

But you couldn’t give a shit if all the green companies were making record profits could you you’re not gonna scrutinize her demonize them are you. And if you have your deranged delusional way they will be and we will all suffer for it way worse than any oil company greed profit has a suffering
 
  • Like
Reactions: Hyattea

jbt25

Nebraska Football Hall of Fame
Gold Member
Apr 27, 2010
19,782
13,715
113
Why the hell do we want green energy when these gas prices the main reason they want them higher so that we won’t be shocked by the high price of green but everybody is going to be shocked by the lack of efficiency at least the lemmings on the left you have no clue how bad it is
 

jbt25

Nebraska Football Hall of Fame
Gold Member
Apr 27, 2010
19,782
13,715
113
Guess who sets the price when we’re energy independent we do not OPEC there’s your answer right there dip shits I don’t wanna hear another word about this crap you got it all wrong I’m right as usual
 
  • Haha
Reactions: philosophusker

jbt25

Nebraska Football Hall of Fame
Gold Member
Apr 27, 2010
19,782
13,715
113
Under bush win the prices were are you blamed oil speculators in the commodities market in the oil the greedy oil bad companies

But you couldn’t give a shit if all the green companies were making record profits could you you’re not gonna scrutinize her demonize them are you. And if you have your deranged delusional way they will be and we will all suffer for it way worse than any oil company greed profit has a suffering
But of course you idiots on the left never think things through if it’s the oil speculators making all the money Underbush why aren’t they always pushing the prices higher they also make money to push the price is lower do you not understand the idea of selling short it’s again idiots always on the last with the wrong root cause of every damn problem

Why the hell tell the truth when you can politicize it for your own political elite game that’s exactly what you do nailed it you’re done
 
  • Haha
Reactions: philosophusker

jbt25

Nebraska Football Hall of Fame
Gold Member
Apr 27, 2010
19,782
13,715
113
you seem damn lefties are OK with all the tech companies making all the record profits to do you see how you’re always politicizing everything we want everybody on the right everybody I know we want everybody to do well you don’t care about the right doing well you only want lefties to do well see how we’re different get out of this country if you don’t want to unite behind everybody doing well taking the country of every aspect economically culturally people are pieces of shit sick of troll bastard you either don’t believe your own shit you spewer you’re idiot
 
  • Haha
Reactions: philosophusker

NikkiSixx

Offensive Coordinator
Sep 14, 2013
8,352
8,031
113
There's two cloths to be cut.

(1) What you said is true, but incompletely posited. The XL would have delivered crude to refineries in the US, which then would have provided crude products to the US and the rest of the world. That's a net increase in supply.

(2) The XL would have increased crude supplies. That would have induced speculators (see HuskerCubs post above) to bid less per barrel (increased crude supply means lower price), which would have lowered the cost of all crude products, including gas at the pump. It's not always apparent, but speculators (who drive me nuts) actually affect prices in all commodities (wheat, corn, coal, oil, cotton) as much as real-world costs do.
1) a few years ago when this was being argued in Nebraska, it was made clear that the Canadian oil would be shipped onward from refining to China, not made available for the United States.. it is possible that has changed, but it was always earmarked for export by Canada.. remember, this is Canadian oil, not our oil.

2) There are only so many refineries in the world. They are very expensive to setup, and maintain. There is a bottleneck in refining capacity, so it is debatable whether this tar sands Canadian oil would provide a bump in overall oil output.. it's possible, but would it be material?

Nobody is going to invest in a new refining plant.
 

HuskerCubs

All-American
Gold Member
Jan 11, 2002
4,584
3,619
113
1) a few years ago when this was being argued in Nebraska, it was made clear that the Canadian oil would be shipped onward from refining to China, not made available for the United States.. it is possible that has changed, but it was always earmarked for export by Canada.. remember, this is Canadian oil, not our oil.

2) There are only so many refineries in the world. They are very expensive to setup, and maintain. There is a bottleneck in refining capacity, so it is debatable whether this tar sands Canadian oil would provide a bump in overall oil output.. it's possible, but would it be material?

Nobody is going to invest in a new refining plant.
If that oil is going to China then it is still being used on the GLOBAL market and the Chinese would not be looking hard at Russia for that surplus oil that they have.

EDIT Next incorrect person up please
 

NikkiSixx

Offensive Coordinator
Sep 14, 2013
8,352
8,031
113
The Keystone Pipeline was always a bad deal guys.

Canadian project, to ship their oil to our refinery in Texas.. so the only thing in it for us, was some labor jobs, and refining $.

We have our own oil, and that Texas refinery is not sitting idle, so we aren't losing anything with the loss of that pipeline.

The reason there is such high inflation in oil prices, has to do with the devaluation of the US dollar because of the loss of reserve currency status.

Biden was a fool to kick Russia out of our financial system, that we controlled. It was like slitting our own throat.

All the foreign countries that used to trade in dollars, and now dropping the dollars and buying Russian Rubles and Chinese Yuan. Countries will still keep some US dollars, but now their allocation is split, and all those excess US dollars will return to the US money supply, increasing M2 and inflation.

The fed is trying to soak those incoming dollars up with QT.

In the interim, we are having a mild inflation, compared to what may be coming.

Fiat value, is being repriced in commodities, and this is leading countries who are net exporters of commodities to have a strong currency.

We are a net importer, and nobody is going to invest in oil and gas, when they know the president wants everyone to shift to green energy, which does not exist yet.
 
Last edited:

NikkiSixx

Offensive Coordinator
Sep 14, 2013
8,352
8,031
113
If that oil is going to China then it is still being used on the GLOBAL market and the Chinese would not be looking hard at Russia for that surplus oil that they have.

EDIT Next incorrect person up please
wrong.. there is a bottleneck in the # of refineries and what they can produce daily.

you can pump 10x the amount of oil.. you aren't going to refine it any quicker.

It's not a supply problem.

the price of gas is going up because FJB kicked Russia out of our financial system.
 

HuskerCubs

All-American
Gold Member
Jan 11, 2002
4,584
3,619
113
wrong.. there is a bottleneck in the # of refineries and what they can produce daily.

you can pump 10x the amount of oil.. you aren't going to refine it any quicker.

It's not a supply problem.

the price of gas is going up because FJB kicked Russia out of our financial system.
No I am not wrong as you think. Taking the ease of that Canadian oil out of the system making them move it with ships or rail raises the cost of the product and BTW raised the cost of the environmental costs that the dems are so worried about.

And it is absolutely a supply problem there are three things that the US makes it so right now. First, Biden cancelling the Keystone XL. Second, pausing leases on federal land and making it more difficult to create new pipelines to move the oil and gas mined on American soil. And Third, making the leases that existed difficult to mine because of the massive and thick amount of red tape that pulling the licensing of those leases a pain in the ass to access even if there was oil there that would make drilling for it useful.
 

NikkiSixx

Offensive Coordinator
Sep 14, 2013
8,352
8,031
113
No I am not wrong as you think. Taking the ease of that Canadian oil out of the system making them move it with ships or rail raises the cost of the product and BTW raised the cost of the environmental costs that the dems are so worried about.

And it is absolutely a supply problem there are three things that the US makes it so right now. First, Biden cancelling the Keystone XL. Second, pausing leases on federal land and making it more difficult to create new pipelines to move the oil and gas mined on American soil. And Third, making the leases that existed difficult to mine because of the massive and thick amount of red tape that pulling the licensing of those leases a pain in the ass to access even if there was oil there that would make drilling for it useful.
Keystone has never been completed or active, so it has never contributed to the oil supply.. the Canadian oil, is as you say, transported via other means. The price of that transportation is immaterial to the discussion. The pipeline is not active and once again, there is only so much oil that can be refined. It sure didn't have an impact when gas was under $2.00 a gallon under Trump.

Pausing the leases absolutely has had a negative impact, along with all this other green energy policy stuff.

They should be building nuclear plants, like pronto, but I doubt that is happening, and who would invest in oil and gas when their is no guarantee that you would hit your break even point with this current administrations policies.

The red tape is indeed a problem.

however, all that said, our supplies are off maybe 5-10 percent at most, (hard to tell because oil production is so irregular in it's monthly totals.

This would not cause a doubling or tripling of the price of fuel.. it's not a supply problem.

This is an inflation problem regarding how debt and how the dollar is valued.. but you're never going to hear this on the television.

1651266505-o_1g1rieeop1di41b5g9dd1r0v1s5b8.jpg


1651266518-o_1g1rier4p59o1kpo1092ank1q048.jpg


both images taken from this article:
 
Last edited:

HuskerCubs

All-American
Gold Member
Jan 11, 2002
4,584
3,619
113
Keystone has never been completed or active, so it has never contributed to the oil supply.. the Canadian oil, is as you say, transported via other means. The price of that transportation is immaterial to the discussion. The pipeline is not active and once again, there is only so much oil that can be refined.

Pausing the leases absolutely has had a negative impact, along with all this other green energy policy stuff.

They should be building nuclear plants, like pronto, but I doubt that is happening, and who would invest in oil and gas when their is no guarantee that you would hit your break even point with this current administrations policies.

The red tape is indeed a problem.

however, all that said, our supplies are off maybe 5-10 percent at most, (hard to tell because oil production is so irregular in it's monthly totals.

This would not cause a doubling or tripling of the price of fuel.. it's not a supply problem.

This is an inflation problem regarding how debt and how the dollar is valued.. but you're never going to hear this on the television.
The bolded is massively dis-ingenious at best and I am giving you a chance to understand it. Keystone would have been completed by now under normal circumstances and probably 6 months or more ago under the current circumstances of the global oil economy with a competent president. That oil and other oil and natural gas being mined by our oil industry would not be hampered at all like it is with the Biden administration.

To move oil and gas by other means ie Shipped via water or tankers via rail or truck pretty much doubles the cost of the finished product and probably triple it lets be honest.
 

Latest posts