|
|
|
|
|
|
|
#1
02-16-2023, 08:23 PM
|
|||
|
|||
|
more oil prices stuff.....
Well, I predicted oil at $65 by now. I missed it by ten bucks since oil is running around $75.
The big banks in the US had oil pegged at $230 by now, so I did a little better then them. Right now the big banks are again screaming that oil is going up since Putin is saying he is going to cut Russian output by 500,000 bbl. a day. When everyone stopped laughing they noticed that Russian oil dropped in price to $48 bbl. The last person who can afford to cut their income is Putin so his half a million a day cut is, like everything else he does, bluster. It looks like $3 gas is the new normal. 
|
|
#2
02-25-2023, 12:09 AM
|
||||
|
||||
?? Where is there any $3 gasoline in America ? .
Ca. was down into the low $4 but just went up to $5 + again .
__________________
-Nate 1982 240D 408,XXX miles Ignorance is the mother of suspicion and fear is the father I did then what I knew how to do ~ now that I know better I do better
|
|
#3
03-01-2023, 08:39 PM
|
|||
|
|||
|
Quote:
There is a products line but it carries gas and diesel to Arizona and Utah from the refineries in the Torrance and Long Beach area. The rest of the US gets oil from Texas and Oklahoma and other gulf coast states. It is then sent by pipeline up to Chicago and New York and throughout the Midwest.
|
|
#4
02-28-2023, 04:54 PM
|
|||
|
|||
|
It’s actually a little under $3 in Texas. It was $1.85 at the time Parkinsons Joe took over. Shutting down domestic drilling has that effect.
__________________
2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution
|
|
#5
02-28-2023, 05:29 PM
|
|||
|
|||
|
Quote:
|
|
#6
03-01-2023, 06:16 PM
|
||||
|
||||
Must Be a LIB'Ral !
Using facts and truth .
SHAME ON YOU !  .
__________________
-Nate 1982 240D 408,XXX miles Ignorance is the mother of suspicion and fear is the father I did then what I knew how to do ~ now that I know better I do better
|
|
#7
03-01-2023, 08:44 PM
|
|||
|
|||
|
Quote:
Gas was cheaper during the Trump era for a while due to the pandemic that Trump allowed to rage on until it killed over one million Americans and threw 20 million people out of work. A lack of demand will do that to prices. When Biden took over and restarted the economy Trump destroyed the price for everything went up due to the lack of supply. Drilling took off because the price went up. Biden also pointed out to the oil companies that perhaps shutting down new federal leases might be a good policy since they were sitting on over 20,000 leases they held but were not drilling. If all the oil companies were leasing tracts for was to keep the price of oil high then perhaps they didn't need any more leases that could keep production off the market.
|
|
#8
03-01-2023, 08:47 PM
|
|||
|
|||
|
Trump also depressed oil prices when he started his tariff war with China. It killed farming here in the midwest and this led to a lack of diesel demand since the tariffs made growing crops a money losing proposition.
Trump's tariffs did lead to a spike in farmer suicides and this also reduced the demand for diesel.
|
|
#10
03-01-2023, 09:09 PM
|
||||
|
||||
|
Whelp.......
Here in California we also don't get real gasoline, RUG is total crap, it begins to degrade in less than one week and after three weeks good luck getting anything to run on it unless it's a completely closed system and fuel injected .
As a result I run all my carburated engines on high test pump gas ~ I recently used some FIVE YEAR OLD 91 octane to awaken a sleeping VW Beetle . I was amazed when I removed the filler cap that it smelled fine, usually the stink is bad and I have to drain and discard old gasoline .
__________________
-Nate 1982 240D 408,XXX miles Ignorance is the mother of suspicion and fear is the father I did then what I knew how to do ~ now that I know better I do better
|
 |
| Bookmarks |
|
|
Idle 
Hybrid Mode
