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Blaming Russia for our oil issues is a lie. 100% If we could not produce enough crude oil and natural gas here in the states to feed our demand and had to import like Germany your right. Blaming russia for our oil prices is like the crack head down the street Blaming me for them being poor. Both are lies and have nothing to do with other. Now to blame Russia for the spike in global prices due to Europe's dependency on it yeah your right. This is a globalist issue that we should not be apart of. But our issue is not related as we can produce our own crude oil and natural to bring our price down and avoide most of the pain we're dealing with. If the people pulling the strings wanted to. To many people and politicians trying to make a buck and don't give a fuck about us.
https://www.statista.com/statistics/326017/weekly-crude-oil-prices/
Do you honestly believe that our gas prices are due to the war in Ukraine?
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Not sure why some folks here think the government can fix this. Until the US seizes the assets of Exxon, Mobil, Shell, etc and starts it’s own oil company…it doesn’t control the production of US oil, or the sale of it. Producers in the US are private companies. Even if we did produce all the oil we needed, and we had the refining capability to match the weight, sweetness and acidity of that oil, why would U.S. producers sell U.S. consumers oil for $70 per barrel when they could sell that same barrel overseas for $110? The federal government doesn’t make that market or regulate it. It doesn’t have the authority.
Besides making a making a stable, long run plan for oil exploration and production in the US that will incentivize oil companies to invest more capital on these projects, and clearing the regulatory path for refinery and pipeline creation, I don’t see a whole lot else for them to do. Releasing oil from the strategic reserve is largely symbolic. Attempting to increase production in the US can be done, but not without an increase in the cost per barrel. It’s not like opening a valve a little more, and we’re all good. Even so, anything we add is just a small drop in the bucket, and it doesn’t address the more nuanced contributing factors, such as the delivery methods…like the current numbers for oil “on the water” vs oil in pipelines.
I don't see us (America) increasing domestic production for atleast another 30 months. The current administration doesn't seem to be interested in trying to rectify this problem.
They are shoving this agenda down our throats. Yeah, I get we are destroying the planet with our emissions. The human race is basically a parasitic organism eating it's host. That's not going to change, and I feel really sorry for my kids, and their kids, and so on. But I will still ride a 2 stroke on occasion anyway. Too old to GAF I guess. Selfish? Sure. But there are billions of us and my impact is nothing either way.
The Dallas Fed has a good article on this: https://www.dallasfed.org/research/economics/2022/0510
"Even under the most optimistic view, U.S. production increases would likely add only a few hundred thousand barrels per day above current forecasts. This amounts to a proverbial drop in the bucket in the 100-million-barrel-per-day global oil market, especially relative to a looming reduction in Russian oil exports due to war-related sanctions that could easily reach 3 million barrels per day."
Refining crude, drilling crude.
We can't get a dimmer switch across the ocean..but we can continue to ship millions of gallons of oil/gas if we had it because....just because?
We need someone that can at least see a better way.
It’s not a coincidence that gas prices started going up 10/20.
Pit Row
The reason why your not surprised is because biden made that very statement on live TV. Were going to suffer for the bebetter. He says.
SAAB made a 2T sports car back in the day: find one, restore it, let’s trailer our bikes to the track in it!
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