Actually, 60% of US crude oil imports come from Canada and Trump is threatening a 25% tariff. If that happens I would expect higher gas prices.
How long until gas price drops?
- Thread starter JoshPutman
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When I was offshore in the mid 20-teens, the day rate for a then state of the art drillship was over 600k$. That's 1.2M$ every 2 days the oil producer has to pay just for the drilling contractor to make a hole in the ground. Nevermind all the other contractors involved in things like the supply chain, shuttling personnel by helicopter, etc etc. We worked on 1 well for Chevron for over a year. Then they have to get the production platform built, moved to location and installed, pipelines, commissioned, up and running. Years before first oil. Now imagine the amount of oil they have to produce just to break even. "This ain't no party, this ain't no foolin' around."
Unless gas prices are and have been artificially inflated by a huge amount, they ain't getting much lower soon due to more drilling. Land operations are a lot quicker to get into production, but it's still a major effort.
Unless gas prices are and have been artificially inflated by a huge amount, they ain't getting much lower soon due to more drilling. Land operations are a lot quicker to get into production, but it's still a major effort.
Azlong? Colombian tariffs?
They aren’t happening because Colombia reversed itself. So you’re wrong about that too.
They aren’t happening because Colombia reversed itself. So you’re wrong about that too.
I paid $4.89 for diesel this last week. Of course I'm in CA, drove to AZ, at the first gas station I paid $3.01
They did not. And the tariffs have not been cancelled. Colombia prohibited military aircraft to fly the deportees in. They offered to pick them up. No flights are being allowed in...not a reversal. On either side. Yet, anyway.
Donny could have prevented issues like this if he had simply gone through normal political channels to arrange the flights.
I am intelligent and know what I am talking about through experience. I have zero
Reason to post anything in support. So just fuck off you idiot
I am intelligent and know what I am talking about through experience. I have zero
Reason to post anything in support. So just fuck off you idiot
okay, you win. Now fuck off and die
Colombia capitulated a few hours ago, Trump just put a blurb on his Twitter about it.
This whole thread has been you saying dumb stuff over and over. TDS is a hell of a disease.
It's been going down where I live too but I'm not going to attribute it to Trump just yet.
The Colombian president cried uncle like 15mins after Trump started yelling about tariffs and offered to send his plane(s) to pick up the migrants that were on the two flights:
This whole thread is literally you being wrong over and over, then sticking your fingers in your ears and yelling "NUH UH" lol
But might as well just keep digging, maybe you'll strike oil or something
Typical never Trumper. Now as beclowned as the Democrats he disavows.
But the Canadian federal govt (lefties), want to cut off energy flowing south from Alberta (righties), in order to punish all the US refineries set up to use the heavy crude that comes from Alberta. The Canadian national government, and lefties country wide, are gleefully hoping Alberta’s and all of us conservatives that depend on the energy industries for work will starve and die. Until that bullshit is worked out, the prices will stay high. When the US is energy independent again things will change, but that takes years.
Funny I seem remeber opec complaining about the US crashing their oil prices last time your orange daddy was in office.
I didnt think the title of this thread was azlong and old retard say the stupidest shit they can think of.
Yes, but most Canadians are spoiled idiots that want to see Alberta suffer. The bulk of voters here worship their TV and social media leftist preachers. They will happily cut off their nose to spite their face, and then blame “Orange man bad”.
Already dropped a little bit.
All real fuel prices no bio fuels:
Diesel has dropped from 3.49 to 3.19 still a ways to go from the most I paid during Trumps first admin was about 2.19 and the norm was 1.89 for diesel. Gas was a little cheaper 1.59-1.69 - Corn fuels obviously less expensive than that, but I rarely run it if I don't have to.
I'll occasionally run a half tank of some biodiesel to clean things out and add more lubricity.
All real fuel prices no bio fuels:
Diesel has dropped from 3.49 to 3.19 still a ways to go from the most I paid during Trumps first admin was about 2.19 and the norm was 1.89 for diesel. Gas was a little cheaper 1.59-1.69 - Corn fuels obviously less expensive than that, but I rarely run it if I don't have to.
I'll occasionally run a half tank of some biodiesel to clean things out and add more lubricity.
Around 2015 was the absolute peak for the oilfield. Transocean had at least one rig getting around 750k a day, they also had in the neighborhood of 140 rigs just about all working. Now they only have around 35 total and only about 25 of them working and can barely get 400k a day now. There are still rigs that were built back in 2014/2015 era that have never turned a drill bit. Stenna is the only company that I am aware of that has even built a new rig since then, and that was only 1. We drilled in Guyana for 10 years before ever putting a single barrel of oil on the market. After the crash of 15/16 the oilfield was just getting some life and rona virus hit. The oilfield will never be the same as before the crash, never. The demand is not there, the capital is not there. Shell and Exxon are the only 2 that have really had any aggressive drilling campaign's for years.
Around 2015 was the absolute peak for the oilfield. Transocean had at least one rig getting around 750k a day, they also had in the neighborhood of 140 rigs just about all working. Now they only have around 35 total and only about 25 of them working and can barely get 400k a day now. There are still rigs that were built back in 2014/2015 era that have never turned a drill bit. Stenna is the only company that I am aware of that has even built a new rig since then, and that was only 1. We drilled in Guyana for 10 years before ever putting a single barrel of oil on the market. After the crash of 15/16 the oilfield was just getting some life and rona virus hit. The oilfield will never be the same as before the crash, never. The demand is not there, the capital is not there. Shell and Exxon are the only 2 that have really had any aggressive drilling campaign's for years.
I think the Canadian Govt will go along to get along but yeah the city people hate the country folk, same as in the USA, our cities are all Democrats who hate everybody who lives outside the city.
I've got a couple friends who work in oil exploration and they're always super busy, lots of underwater sub work on rigs and lines too. It's still going on but not like how it was back in the day.
That was the point the whole point of the left's ESG program. First make the regulatory scheme so extreme that only the biggest and most bureaucratic, giant corporations can get it done, and then cut off the financing for all the wildcatters with ESG. They've made exploration and exploitation unprofitable through government regulations and veiled threats to the financial markets (most of whom willingly cut their own throats to appear woke).
You can call it whatever name you want, but the Trump plan is to remove the regulatory roadblocks, open up the leasing, and let the markets return because people will make money when it's sitting in the ground. It is nothing complicated at all. It is pure common sense divorced from the climate religion.
We HAVE a carbon economy, and there is nothing to replace it except Nuclear. All the rest of their "solutions" are anything but solutions, they're just a program to impoverish all of us except the elites.
Are you having a stroke? Keep trying, maybe you will write a coherent sentence.Funny I seem remeber opec complaining about the US crashing their oil prices last time your orange daddy was in office.
I didnt think the title of this thread was azlong and old retard say the stupidest shit they can think of.
While the first part is true, Canadians don't have any say in the matter. Justin Trudeau has shut down Parliament because the second the opposition parties get floor time, they're going to take down the government in a non-confidence vote and cause an election (which will happen 30 days later). He plans to keep it shut down until his party chooses his replacement. The media can then ramp up their propaganda to try and convince the population that whichever one of his puppet ministers gets the job, they aren't just v2 of him (not gonna work). Trudeau and his party will let the country burn under the tariffs until they think they have their best chance at winning the election (at least until March/April). They're too dumb to realize that they're just going to go down harder the more they let the population suffer. And they will do nothing to fix the border other than propose a plan which they can't get funded without re-opening Parliament (allowing an election). The Conservatives are probably going to win around 70-75% of the seats (and this is with 5 parties running in the Canadian system, not just 2).
Trump knows that Trudeau's party will do everything they can to prevent Alberta from pumping more oil and to prevent pipelines from being built (regardless of leader). I believe Trump's real goal with the tariffs on Canada is to get them out as fast as possible. The Conservatives will address the border and immigration issue and military spending without any prodding since they share his views on it. And they will happily ramp up oil production and build pipelines.
I think some people are confusing across the board tariffs with tariffs targeting a single country. Ocasio Cortez made the same mistake thinking all our coffee comes from Columbia. If we target a specific country, and I'm talking carrying through with a threat, and impose a tariff it is likely that another country that produces that product will pick up the slack, and it could actually reduce the price given that the sanctioned country will have to find a new market, and it's likely they'll have to reduce their price to get it. Markets are not entirely predictable, and as the left likes to point out, it IS a global marketplace. It's just harder to replace the biggest market, which is why this is wielding real politic power...something we really haven't seen in a long time.
Not saying that the whole thing couldn't blow up in Trump's face, but he's a lot smarter than his detractors give him credit for, and I think the odds are on his success.
Not saying that the whole thing couldn't blow up in Trump's face, but he's a lot smarter than his detractors give him credit for, and I think the odds are on his success.
You're an idiot. A war takes two sides. In this case Canada and Mexico will just take a beating. Both ALREADY tax certain American products to protect their own industries. Both ARE fucking us because we've had a series of weak, feckless morons who hate this country as President, and now we don't and you are getting what you deserve.
Trump is using tariffs for leverage, did the same thing in his first term and was successful with it. Will it work again? Time will tell. If the leftist American hating media in our country would do their homework and research , they could then educate the American people on all the other countries that have tariffs on American made products which hurts the American economy and businesses.
Neither the Mexican or Canadian presidents like DJT, fk'em. Tradeau has resigned and will be leaving his position as soon as they pick his replacement. DJT wins election and within days Trudeau flew to Mar A Lago to kiss DJT ass, now trying to act tough in his days to try and save his pathetic legacy, which in reality is he totally fkd up Canada.
Neither the Mexican or Canadian presidents like DJT, fk'em. Tradeau has resigned and will be leaving his position as soon as they pick his replacement. DJT wins election and within days Trudeau flew to Mar A Lago to kiss DJT ass, now trying to act tough in his days to try and save his pathetic legacy, which in reality is he totally fkd up Canada.
The Canadian federal liberal party is trying to replace Trudeau with someone less hated who will continue the same policies in place now. Canadian voters are mostly weak stupid drones who love more government and abhorr personal responsibility. Changing the liberal figurehead might work in them. Also, the liberals are floating a “tariff relief payment” like the covid giveaway.
maybe they should stop stockpiling chinese steel to drop onto the market or do something about the fentanyl coming from china and smuggled over their border into america? supposedly they are smuggling or reselling all sorts of other chinese goods to the us to avoid tariffs on chinese products.
theprint.in
Indian-origin duo charged in Canada after fentanyl amounting to 'millions of doses' found in vehicle
Swati Narula & Kunwardeep Singh charged under Canada's Controlled Drugs and Substances Act for possession for purpose of trafficking. 8 kg of fentanyl found hidden under spare tyre.
theprint.in
More drilling isn't going to happen at scale because there's no financial incentive to increase drilling activity. Biden oversaw the highest oil production regime in American history during actual organic demand backwardation relative to all the growth projections that won contract financing in the 2015 oilfield era.
Oil companies do not have a vested interest in lowering your oil costs. They have a collective vested interest in getting as much money from you in exchange for the oil they have extracted or will extract as you are possibly willing to part with.
Drilling contractors have a conflicting incentive to increase drilling activity as much as is possible because that's how they make money, but what's left of the American oil patch is largely expensive Shale. Drilling contractors have political sway but nothing like Oil Companies.
The only thing that will bring oil prices down at this stage of the production game is significant demand decline which of course coincides with significant productivity and GDP decline. I think almost anyone in the business(I am no longer) would mostly agree.
Personally I've seen Oil companies sit on astounding technological improvements just to avoid deploying working capital in spite of longer term profitability. I think the writing is on the wall for big oil outside of possibly breaking the arctic open but even then it's a limited resource on a dramatic decline curve. I'm sure we'll start seeing innovations when folks get desperate but the way leaders operate now they're all about quarterly balance sheets.
Oil companies do not have a vested interest in lowering your oil costs. They have a collective vested interest in getting as much money from you in exchange for the oil they have extracted or will extract as you are possibly willing to part with.
Drilling contractors have a conflicting incentive to increase drilling activity as much as is possible because that's how they make money, but what's left of the American oil patch is largely expensive Shale. Drilling contractors have political sway but nothing like Oil Companies.
The only thing that will bring oil prices down at this stage of the production game is significant demand decline which of course coincides with significant productivity and GDP decline. I think almost anyone in the business(I am no longer) would mostly agree.
Personally I've seen Oil companies sit on astounding technological improvements just to avoid deploying working capital in spite of longer term profitability. I think the writing is on the wall for big oil outside of possibly breaking the arctic open but even then it's a limited resource on a dramatic decline curve. I'm sure we'll start seeing innovations when folks get desperate but the way leaders operate now they're all about quarterly balance sheets.
Honestly it might be a while. The problem is that of refining capacity.
The plants that turn crude into gasoline don't just pop up overnight.
They actually had negative growth in the refining capacity not that long ago. Undoing that is definitely a structural change that will take some time.
Wow! Guess I was wrong. I'm honestly shocked to see that low of prices for gas and diesel.
Well to be fair this is Wyoming. Gas pricing is affected so much by state.
In April 2020 I paid 99 cents a gallon.
You’d be hard-pressed to see that anywhere else, because of how I they tax the shit out of gasoline.
ETA There is actually another Sinclair being reported at $2.43
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Gas prices are tough right now, especially over $3 a gallon. As for Trump, it's hard to predict if prices will drop under his leadership, especially with the current market volatility. I’ve seen some positive American Power and Gas reviews, though. Maybe they could help offset costs with better rates.
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If Trump can get these gutless fuck Republicans to cut the trillion in fraud they are going to find and reduce spending to pre covid levels, eliminate the 6.5 million 112yo fuckers from social security and stop them from voting in 2026 elections. I'll happily pay more for gas and eggs.
What's with you Biden cucks and the sudden interest in prices of shit anyway? You couldn't have cared less for the last four fucking years.
What's with you Biden cucks and the sudden interest in prices of shit anyway? You couldn't have cared less for the last four fucking years.
If Trump regins in the agency forcing the culling of millions of laying hens for a positive bird flu test or possible exposure, you won't be paying more for eggs.
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