Gas prices shooting up...
 

https://i.imgur.com/4tH5iyx.jpg

Woke Cancel Culture idiots, find someone with an education to 'splain this to you.

Pump prices follow crude prices. Here's one explanation.

https://www.fastcompany.com/90597911...more-right-now

Better economy, more demand?
+
Less supply?
=
Increase in price?

Could be a good thing?

Yes!

And you wonder why everybody says liberals are such morons.

Better economy? This fake pResident just signed bills that put almost 100,000 people OUT OF WORK.

Are you stupid?

Boys and girls, it is very simple:

Oil speculators are very nervous nellies. This has happened with frequency over the years, probably as far back as the early 80s. (Yeah, I know. Most of you liberals were born in 2000. Some of you were born last night, but try to follow this.)

ANY hint of an interruption in supply and they jack up the price of a barrel oil. Simple as that. Any hiccup in the Strait of Hormuz (Woke Idiots, that Strait of Hormuz is near Iran, as on oil country. Get someone with an education to explain it to you) and there is a fear of an interruption in supply.

Hurricane Katrina. (A lot of Woke idiots blamed President Bush for that hurricane, saying he didn't do anything to prevent the global warming that caused it. Yeah, I know. They just keep getting dumber and dumber)

Katrina destroyed a couple of oil rigs in the Gulf. INSTANTLY the price of crude shot up and the price of gasoline shot up at the pump. It could have been a disaster, but Bush (in one of his rare brilliant moments) unlocked the Strategic Oil Reserve and calmed down some markets.

So how did JIM CROW JOE cause fears of an interruption in supply? How about that massive job killing Executive Order shutting down the Keystone Pipeline? Gas prices began to climb SOLELY because of that.

Thing is, IDIOT JOE claimed it was all about saving the planet and getting us away from fossil fuels. And the WOKE morons here probably cheered, stupid as they could be.

Fact is, that oil is STILL being shipped. RACIST JOE just made sure that the shipping would COST MORE, hence the increase in prices.


Woke Libs, don't even try. This is WAY over your educational level, (and for some of you that means anything past the Third Grade when you dropped out.)

Because of hope consumers should pay more?

There real reason I suspect is reduced competition. Many companies disappeared after the recent collapsed in the price of oil.

Analysis December 22, 2020 - US shale oil just had its worst year and its pain could bleed into 2021.

https://reuters.com/article/us-usa-s...-idUSKBN28W17P

Supply and demand. Since March of last year, way fewer cars on the road and here in Silicon Valley, a large majority of tech employees work from home, most permanently. Lately more drivers are on the road and let's not forget that Tejas frugged up the supply side of the equation recently. Of course, the Repugs are blaming wind mills for their deep freeze.

The picture of failed, frozen windmills is powerful propaganda.

Only for ignorant, idiotic Trumpkins. :rolleyes:

Only to those willing to listen to Fox News' contrived lies about them.

I wonder if news like this will get to them about El Paso not experiencing the same problems as the rest of Texas. To wit, El Paso:
1) Winterized their equipment over the past decade
2) Is on the national grid
3) Has experienced minimal outages despite similar weather as rest of Texas

https://kfoxtv.com/news/local/while-...asos-lights-on

Surprised Faux did not blame Biden for this.

Do you say you car has 'failed' if you cannot operate it without first de-icing the windshield?

The picture suggests de-icing the blades is necessary sometimes. I would not read more than that into it.

There are a bunch of reasons driving up the price of oil. Optimism regarding future demand due to economic recovery is one (the "hope for the future" reason), but also OPEC has cut production over the last 12 months due to the pandemic (by a record 9.7 million barrels a day). Keystone cancellation may affect long-term oil prices - that's still a possibility - but in the short term we'll keep shipping by rail. Shale oil production fell in 2020 due to lower demand, but will almost certainly rebound when the price comes back up enough to make it economical.

That was truly ignorant.

Fox reports the news and gives equal time to all points of view.

Actually, over the last twelve months, President Trump negotiated with a few Middle East leaders to call off the oil war with Russia, in order to maintain the price of oil and not put American oil companies out of business. American oil companies were at the time the ONLY reason we weren't paying $5 a gallon at the pump. (That and the fact that oil is still traded in US Dollars, which represents the reserve currency of the world.)

Racist Joe stopping the Keystone Pipeline is the SOLE reason why middle to low income workers have had an addition $100 a week added to their debt burden in the form of gasoline price hikes.

Already that son of a beech is destroying the economy.

The picture proves that wind power is unreliable and idiotic. Texas is a state rich in petroleum and natural gas energy sources. The blackouts were caused by the wind power.

And Pedophile Joe actually wants to blame fossil fuels for what happened.

And a nation of copy machines actually created the illusion that the moron was actually elected.

We are SOOOO monumentally screwed.

So which do you want? Higher oil prices to help oil companies or lower oil prices to help low income consumers? The Saudi-Russia oil price war beginning in March 2020 saw a 65% quarterly drop in crude prices from expanded production. By June, thanks largely to pressure from Trump, the Saudis cut production, bringing oil prices back up. This helped producers and hurt consumers.

No major US producers were in danger of going out of business. That's an unsubstantiated assertion on your part. And what rationale and data do you have to support your claim that pump prices would otherwise have been at $5 gallon?

Finally, show me some data that supports your still unsupported by logic and fact claim that keystone is costing people $100 a week.

Yeah, proves nothing of the kind. Wind is expected to supply only 7% of ERCOTs power during the winter. This event demonstrates what happens when the power grid is not properly maintained and weatherized. Coal and natural gas generation also failed. Republican governor of Texas agrees.
https://theweek.com/speedreads/96754...d-texas-freeze

This was predicted ten years ago and ignored. Insufficiently and ineptly regulated markets.
https://www.houstonchronicle.com/bus...photo-20619322

McMurdo Station in Antartica uses wind turbines, as does nearly every country in northern Europe and many northern US states and Canada. The Texas utility companies are unregulated and were allowed to put in unwinterized systems for wind, gas, coal, and nuclear and all of them failed.

You really are an idiot who seems to get his news exclusively from NewsMax, OANN, Epoch Times, Fox News and other purveyors of lies meant to outrage and misinform gullible fools like you.

No, The Blackouts In Texas Weren't Caused By Renewables. Here's What Really Happened

https://www.npr.org/sections/live-up...eally-happened

Sorry, idiot Trumpkin trolls. You've been lied to - again. :rolleyes:

And here comes the bills!

Texas did not want to regulate electricity and wanted the cost market driven and guess what? The wholesale cost of power jumped from $50/mwh to $9,000/mwh. So now faced with some massive electricity bills, the wringing of the hands and feeling of helplessness settles in. Hope they are not looking for a handout from the 47 states which are on a shared grid. Let the Texas exceptionalism deal with it.

https://www.nbcnews.com/business/bus...0-000-n1258362

That certainly wouldn't be YOU.

Have you noticed that gas prices fluctuate all the time regardless of who is in office? I remember them going under a dollar during the Clinton Administration and over $4 a gallon during the GWB Administration.........

So what does any of it have to do with the president? Any president?

Run along propeller head.:p

That's what it looks like to me. This gas bag is a total hoot, isn't he?

Texas residents solely bear responsibility on this. They were the ones who wanted the electricity generators to produce and sell at market and did not want them regulated. So why would these generators need to winterize and or add backup capacity if they are challenged to produce power at lowest cost when historically a winter ice storm only occurs once in a decade.

Also they wanted to establish their own independent electricity grid and specifically did not want the 'Feds' to regulate their power distribution. So you come up short, SOL. The blame game will go around, more nail biting and in the end nothing will be done. It takes serious investment and TX has no state income tax which they incessantly brag about to draw business out of other states.

Businesses large and small will now think twice about moving to TX (Elon Musk sure is having second thoughts, lol). Without a reliable supply of electricity, plus cutting off all their employees from even remote access during the soon-to-be far more common "100 year" events will be a serious issue. Not to mention all the deplorables (outside of Austin) they'd have to put up with in many parts of TX.

I've donated to help the people hurting in Texas. Most of them have no control over their utility suppliers lack of due diligence.

I hold the voters responsible for electing their government and thus deserve the government they get. For the 2020 general election, Gov. Abbot decreed that only one drop off station for votes per county. And they stood by his decision while the state supreme court upheld it. So no, I have no sympathy for Texans.

With the power being off for so many for so long.
Could it be their hope in that the masses are unaware?

Sorry, but I pay my rightful share in taxes to the federal government every year. Have since my teens.
Feel it is their job, yes duty to help out now.

The older I get, the more I realize gas prices aren't controlled by the executive.

To some degree, they're controlled by our behavior.

You have a brain and a memory much longer than that of a gnat. Apparently, all too many of our fellow Americans aren't so blessed.:rolleyes: