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Biden says 'Higher gas prices hurt families'
- Thread starter TexPatriot
- Start date
Brandon…has not done one thing right during his 9 months in office.
A.) open border/border crisis
B.) high inflation
C.) high gas prices
D.) soft on China
E.) crazy spending and wants even more spending
F.) country more divided than ever
G.) vaccine mandates
F.) butchered foreign policy ie Afghanistan
What has this moron done that’s been positive? He can’t even stay awake when he is suppose to.
Anyone who voted for this moron is a cretin.
A.) open border/border crisis
B.) high inflation
C.) high gas prices
D.) soft on China
E.) crazy spending and wants even more spending
F.) country more divided than ever
G.) vaccine mandates
F.) butchered foreign policy ie Afghanistan
What has this moron done that’s been positive? He can’t even stay awake when he is suppose to.
Anyone who voted for this moron is a cretin.
Hell I would be jumping for joy to see gas at $3.35 a gallon. 87 is $4.95 / gallon… Maybe he should talk to his boy Gavin Noothin.
I have a tough time putting a lot of weight into that statement. It is the "industry in aggregate" that bothers me.
The oil and gas exploration industry has always been plagued with frequent bankruptcies and/or outright fraud by unscrupulous operators.
Some operators were doing quite well for themselves during the shale boom. Other operators just never got a good mix of the right land, right people and right methods to make it work.
I'd argue that it wasn't the shale itself or the profitability of new fracking technology/techniques that were the problem, but rather individual companies internal problems that would lead to an industry aggregate negative net. We have numerous corporations competing against each other. Some will do better than others.
If I recall correctly, even at $50 dollars a barrel some of those shale plays would have been profitable for individual companies in specific plays.
However, I agree with your general premise that when the prices go up, the upstream portion of the energy industry will be better off and shutting down uncompleted pipelines from foreign countries trying to reach US export facilities probably has nothing to do with the current health of our domestic market.
Some of the wealthiest, shrewdest fuckers I know are Obama/Hillary/Biden supporters.
Ironic, they support socialism but look down on the poors.
Even with high oil prices and all the money floating around thanks to FED , investors are in no hurry to repeat the money losing exercise so Shale will not be boosting output much. OPEC won this round.
The Oil Omen: First Large U.S. Shale Driller To Pledge Flat Output In 2022
- Diamondback said it planned to pump some 221,000 to 225,000 barrels of crude daily. For full 2021, Diamondback said production would come in at between 222,000 to 223,000 bpd
- Most large shale drillers are adopting the same approach in order to keep their shareholders happy after years of burning cash to boost production to a maximum
https://oilprice.com/Energy/Crude-O...le-Driller-To-Pledge-Flat-Output-In-2022.html
"Most", is not all.
With respect to Irina Slav's valuable knowledge and insight, even she implies that not every company feels this way and this is more of a choice among some publicly traded companies to pay down debt and consolidate. Nowhere in her article does she indicate that Shale was a money losing experiment. Rather that there are companies who are taking this opportunity to pay down debt while the market stabilizes.
I'd expect anyone in the industry focusing on the Permian Basin or Eagle Ford will notice this trend.
However, I am sure she would concede that the oil and gas industry is more complicated than merely the reporting coming out during shareholder meetings. Personally, I prefer to follow the production trends a bit more closely on a company to company basis when evaluating things.
For example, I have attached a copy of a 1002A completion report for the Miller-Miller Well recently drilled in Calumet, OK, which is the STACK Play in Oklahoma. This being a 1280 acre spaced horizontal oil and gas well using fracturing techniques.
If you notice, the spud date was 2/24/2021 with a first production date of August 17th. Not exactly in a rush to complete the well, but nonetheless, during the height of the worst pricing, Devon was still investing in these wells and I expect that some operators will continue to do so and deliver decent ROI's on their investments.
There are a couple of features that make this play worthwhile for Devon, being the low cost of leasing, the existing infrastructure for transportation, the proximity to market, and existing purchase agreements locking in their pricing on production.
That last one is key.
While the Permian players may be waiting for higher prices to lock in higher priced purchase and sales contracts later this year, Devon is already committed to certain production volumes at set pricing.
What you see as a waning in shale production, I see as an opportunity for marginal fields to wait for better purchase agreements and an increase in pipeline capacity. In the meantime, they can pay down debt and consolidate their positions for resumption of production early next year as long as OPEC and Russia keep pricing high.
So, again, I reiterate that your oversimplification of the shale boom as being unprofitable is too broad of a statement to be accurate for all drillers in all plays.
I actually know a few of these myself. It’s my belief that they secretly want a system that keeps them on top and makes it almost impossible for people to reach their status
I'm not sure it's a secret to anybody but people with low intellect and devoid of BASIC analysis skills.
This always confuses me (I have noticed the same pattern many times) - they are wealthy but support socialism.
If they truly believed that wouldn't they share their wealth with everyone as per their beliefs?
Forgive me, El Guapo. I know that I, Jefe, do not have your superior intellect and education...
Socialism has it's own cast system. It's like cops wanting to be the only ones carrying guns.
There's no advantage to being a wealthy elitist if everyone is.
I often hear a certain portion of the political spectrum suggest that "Only cops should have guns" (this is the same group of people that feel that the police should be defunded).
Somehow this always pops in my head - link
Forgive me, El Guapo. I know that I, Jefe, do not have your superior intellect and education...
Thats AOC conferring with her voting base
Someone should ask her what a 'plethora' is. I'll lay odds she doesn't know.
That concept is so alien to me.
So the theory is I feel guilty for something my grandfathers grandfather may or may not have done?
How many generations should we be concerned with? How many associations should we consider (cousins / uncles / friends)? If any of them did something unsavoury should I feel guilty? Where do we draw the line with this nonsense?
So, instead of getting all bent out of shape like some on a certain part of the political spectrum worrying about such things I simplified it - I treat people like they treat me and feel zero guilt.
They were too busy to take Biden's call.
Saudi Arabia executes 81 people in a single day
Death penalty applied for range of charges in largest known mass execution carried out kingdom’s modern history.
I would love to talk eye to eye with that motherfucker!
fill up this morning 
Democrats ask Americans for "sacrifice" on gas prices
Democrats are testing the potential for a reset with voters around Russia’s invasion of Ukraine and President Biden's handling of the crisis. Driving the news: At House Democrats’ conference in Philadelphia this week, lawmakers made the case for Biden’s resurgence and for Americans’ shared...
Lol
yahoo. Sure they are just stating the facts. What's good is with the NWO we can tell friend from foe. Foe being all of them, politicians ,msm, and anyone who describes themselves as liberal,left leaning, or a democrat.
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It's just business:
India is considering taking up a Russian offer to buy its crude oil and other commodities at discounted prices with payment via a rupee-rouble transaction, two Indian officials said, amid tough Western sanctions on Russia over its invasion of Ukraine
www.freepressjournal.in
India is considering taking up a Russian offer to buy its crude oil and other commodities at discounted prices with payment via a rupee-rouble transaction, two Indian officials said, amid tough Western sanctions on Russia over its invasion of Ukraine
Centre considers Russia's offer to buy oil at cheaper rates: Report
Centre considers Russia's offer to buy oil at cheaper rates: Report
www.freepressjournal.in
Attachments
This sounds for all the world like they opened the filing cabinet in the basement for this appeal to the “greater good”.Democrats ask Americans for "sacrifice" on gas prices
Democrats are testing the potential for a reset with voters around Russia’s invasion of Ukraine and President Biden's handling of the crisis. Driving the news: At House Democrats’ conference in Philadelphia this week, lawmakers made the case for Biden’s resurgence and for Americans’ shared...www.yahoo.com
Lol
But Biden isn’t FDR, he can’t do a fireside chat let alone complete a press conference with any authority. And it isn’t WW2 or the Great Depression, And FDR sucked anyway.
This crisis should be a wakeup call that we need strategic American energy policy that treats oil and natural gas as an asset and not a liability.
oilprice.com
There Is No Short Term Fix For Oil Price Volatility | OilPrice.com
The remarkable volatility in oil markets that was sparked by Russia’s invasion of Ukraine is not going to go away any time soon as there is a very limited amount of oil that can be brought online quickly
oilprice.com
Or is it naugahide?
Is naugahide a thing any more, or did we hunt them to extinction?
Former Chinese general owns 200 square miles in Texas next to Air Force Base
by WorldTribune Staff, May 30, 2021 A Chinese firm run by a former officer in the People’s Liberation Army has purchased 130,000 acres of land in Texas which is situated near one of the busiest Air…
www.worldtribune.com
They're already making some good headway. And this is just one example.
Some Hispanic friends of mine that I work with travel back down across the border time to time to visit friends and family have told me China has a heavy presence in some parts of Mexico now.
One guy told me in places that were just little small towns have grown like crazy, got new big Walmart's and basically turned into Chinatown. He said now when you drive through there all you see is Chinese signage everywhere. All but pushed the Mexicans out in some places.
I dont know how quick they could get 500,000 over here but it seems they're off to a good start.
He also said that since the chicoms have moved in down there the fentynal has exploded in that area of Mexico.
Former Chinese general owns 200 square miles in Texas next to Air Force Base
by WorldTribune Staff, May 30, 2021 A Chinese firm run by a former officer in the People’s Liberation Army has purchased 130,000 acres of land in Texas which is situated near one of the busiest Air…
They're already making some good headway. And this is just one example.
Some Hispanic friends of mine that I work with travel back down across the border time to time to visit friends and family have told me China has a heavy presence in some parts of Mexico now.
One guy told me in places that were just little small towns have grown like crazy, got new big Walmart's and basically turned into Chinatown. He said now when you drive through there all you see is Chinese signage everywhere. All but pushed the Mexicans out in some places.
I dont know how quick they could get 500,000 over here but it seems they're off to a good start.
He also said that since the chicoms have moved in down there the fentynal has exploded in that area of Mexico.
China has moved into south and central America and is pumping every last drop of oil out of the ground they can find. This comes from my FIL who ran an oil exploration company in Ecuador for 30 years.
Or is it naugahide?
Is naugahide a thing any more, or did we hunt them to extinction?
Hunted to extinction.
We found out where the Nauga hid.
We attacked their Nauga Hide.
We processed them into Naugahyde...
Buh, dum. Tish!!
That really sucks. Do you know which part of Mexico? I have old friends in and around Nuevo Casas Grandes in Chihuahua State but lost their phone # and am afraid to travel there to look them up with the Cartel activity in that area. Some how I think the Cartels would have a problem with that. They may be garbage but theyre not stupid and must know that if the Chinese come in it will hurt their operations. Maybe its 'A thousand little cuts".Former Chinese general owns 200 square miles in Texas next to Air Force Base
by WorldTribune Staff, May 30, 2021 A Chinese firm run by a former officer in the People’s Liberation Army has purchased 130,000 acres of land in Texas which is situated near one of the busiest Air…
They're already making some good headway. And this is just one example.
Some Hispanic friends of mine that I work with travel back down across the border time to time to visit friends and family have told me China has a heavy presence in some parts of Mexico now.
One guy told me in places that were just little small towns have grown like crazy, got new big Walmart's and basically turned into Chinatown. He said now when you drive through there all you see is Chinese signage everywhere. All but pushed the Mexicans out in some places.
I dont know how quick they could get 500,000 over here but it seems they're off to a good start.
He also said that since the chicoms have moved in down there the fentynal has exploded in that area of Mexico.
Wal Mart had already put a big presence in that area, kind of sad because it destroyed so many small business's.
They actually have "White Man's Guilt". They seem like they are socialists but only because they talk about the things Socialists talk about. They are actually quite the opposite with respect to their own status and wealth but it is not polite to rub the poor noses in it. Therefore, they talk about the altruistic issues but could give a rat's ass.
The same with our Political elite...otherwise there would be plenty for the doors. At this point, the political rulers provide the poor with enough to repress their anger and guarantee votes.
Fuck Joe Biden? or Fuck Joe Biden!!!How about FUCK JOE BIDEN.This crisis should be a wakeup call that we need strategic American energy policy that treats oil and natural gas as an asset and not a liability.
There Is No Short Term Fix For Oil Price Volatility | OilPrice.com
The remarkable volatility in oil markets that was sparked by Russia’s invasion of Ukraine is not going to go away any time soon as there is a very limited amount of oil that can be brought online quickly
Damn, Biden voters must be pissed. Food up 30-40%, gas up 100%, rents up 25-50%, utilities up, car prices up, and they still have to pay student loans, lol. Oh, and they’ll never earn enough to own a home.
Maybe they should reinstate that ban in the US and say you can only export excess based off the prior months US consumption?
Lift the Ban on U.S. Oil Exports
Under current U.S. law, crude oil produced in the United States cannot be exported without a license, while domestic crude oil production and imports from Canada could exceed six million barrels per day through 2040. Tim Boersma and Charles Ebinger urge President Obama to ask Congress to lift...
www.brookings.edu
Seems everyone wants to "Have their Cake and Eat it too"....
____________
LONDON — British Prime Minister Boris Johnson and the bosses of offshore oil and gas companies discussed ramping up investment in the North Sea and boosting supply of domestic gas in a meeting on Monday, a Downing Street spokesperson said.
_____________
THE war in Ukraine must not be used to justify the increased production of fossil fuels, Patrick Harvie has said.
Mr Harvie put the argument as he addressed the Scottish Greens party's conference this morning.
nationalpost.com
www.heraldscotland.com
____________
LONDON — British Prime Minister Boris Johnson and the bosses of offshore oil and gas companies discussed ramping up investment in the North Sea and boosting supply of domestic gas in a meeting on Monday, a Downing Street spokesperson said.
_____________
THE war in Ukraine must not be used to justify the increased production of fossil fuels, Patrick Harvie has said.
Mr Harvie put the argument as he addressed the Scottish Greens party's conference this morning.
UK's Johnson, oil bosses discuss increasing North Sea investment
LONDON — British Prime Minister Boris Johnson and the bosses of offshore oil and gas companies discussed ramping up investment in the North Sea and boosting…
nationalpost.com
'Ukraine war must not be used to justify more North Sea oil and gas production'
THE war in Ukraine must not be used to justify the increased production of fossil fuels, Patrick Harvie has said.
www.heraldscotland.com
Seems everyone wants to "Have their Cake and Eat it too"....
____________
LONDON — British Prime Minister Boris Johnson and the bosses of offshore oil and gas companies discussed ramping up investment in the North Sea and boosting supply of domestic gas in a meeting on Monday, a Downing Street spokesperson said.
_____________
THE war in Ukraine must not be used to justify the increased production of fossil fuels, Patrick Harvie has said.
Mr Harvie put the argument as he addressed the Scottish Greens party's conference this morning.
UK's Johnson, oil bosses discuss increasing North Sea investment
LONDON — British Prime Minister Boris Johnson and the bosses of offshore oil and gas companies discussed ramping up investment in the North Sea and boosting…'Ukraine war must not be used to justify more North Sea oil and gas production'
THE war in Ukraine must not be used to justify the increased production of fossil fuels, Patrick Harvie has said.
Yep, seems to be par for the course these days.
Make a bunch of unachievable virtue signalling promises but when the rubber meets the road it cant be done.
I wonder what Patrick Harvie suggests we should do? Let me guess - "Green Energy"?
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