Had Enough Yet?

WWLaidback

WWLaidback

Well-known member
Does anyone want a Keystone Pipeline?

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nypost.com

Record-high US inflation has analysts gloomy: ‘Just no place to hide’

Shocked economists are reeling on Friday after data indicated that inflation rose at a record pace not seen in more than four decades.
nypost.com nypost.com

www.nbcnews.com

Attempted crossings at southern U.S. border hit 21-year high in June

The numbers were the highest since March 2000, when more than 223,000 immigrants were stopped by the Border Patrol at the southern border.
www.nbcnews.com www.nbcnews.com

Child Hunger in America | Feeding America

1 in 6 children in America worry about their next meal. Hunger deprives kids of more than food, it also impacts their mental and physical health.
www.feedingamerica.org www.feedingamerica.org
 
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Shit, I had enough years ago when I was irritated at gas going to 1.42 a gallon. :)
 
It takes a special kind of stupid to think canceling a pipeline that wasn't operational caused gas prices to massively increase.
 
American-refineries cancelled their capacity-expansion-plans when the pipeline was cancelled.
I think a third-grader could figure that one.
Does anybody need an explanation besides the burgandy buffoon?

www.washingtontimes.com

Energy leaders tell Biden to tone down rhetoric following demand to boost oil production

President Biden reignited his attacks on energy companies Wednesday by demanding they boost refined oil output, but industry leaders said his bombastic rhetoric only exacerbates America’s refining capacity woes that have inflated gasoline prices.
www.washingtontimes.com www.washingtontimes.com
 
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Perhaps you think the cancelation of the keystone pipeline has caused oil prices to soar in Europe as well?

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ibleedburgundy said:
Perhaps you think the cancelation of the keystone pipeline has cause oil prices to soar in Europe as well?
Click to expand...
Indirectly, yes. Now they rely on Ukraine instead of the USA for their energy needs.
We were a net exporter. Not any more.
The Keystone system has been in the making for 15 years now,
Part of it came on line and the other part was cancelled at a huge loss to investors.
They don't want to invest in oil anymore.
January of 2021 is when the craziness got started, and it was a full-blown catastrophe by mid-summer of that year. (see graph).

Energy & Financial Markets: What Drives Crude Oil Prices? - Energy Information Administration

www.eia.gov www.eia.gov


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What's this?
The biggest interest rate hike in 28 years?
The worst inflation in 40 years?
I tell you what let's do, let's spend trillions on highway infrastructure and let's make gasoline so high that nobody can afford to drive. :whistle:

www.usatoday.com

Federal Reserve increases key interest rate by 0.75% in biggest hike since 1994. What's that mean for economy and you?

The Fed hiked its key interest rate by the most since 1994 to fight inflation. It forecast more big increases that will impact rates for consumers.
www.usatoday.com www.usatoday.com
 
WWLaidback said:
We were a net exporter. Not any more.
Click to expand...
You are implying that is a result of Biden polices such as Keystone? Or will you be honest and include skyrocketing demand?

During 2019 and 2020, gasoline demand here dropped something like 10-15%. Refineries laid off many of their workers and several closed. They have not brought back capacity to match demand. Clearly there is little motivation to, as they are now making record profit from the price spike. To own the libs, you put the blame on Keystone. You are Smithers to the C. Montgomery Burns’ of the petroleum world.

Hard to blame them. They lost crap tons of money and now they are trying to get some back. Unfortunately, this is fking up the economy through inflation. You right wingers are pretty big on personal responsibility. You driving a hybrid or EV?
 
leddy said:
will you be honest and include skyrocketing demand?
Click to expand...
Huh?
The price doubles so the demand goes down.
That's just common sense.

Per Rasmussen Reports:

Eighty-two percent (82%) say rising gasoline prices are a serious problem for their personal budget, including 60% who say higher gas prices are a Very Serious problem. These findings have changed little since March.
…
More Republicans (75%) than Democrats (51%) or those not affiliated with either major party (57%) say rising gas prices are a Very Serious problem for their personal budget.
By a 20-point margin, more Republicans (71%) than Democrats or unaffiliateds (both 51%) say the rising price of gasoline has affected their vacation plans for this summer. Republicans are also significantly more likely to say they have cut back on driving because of higher gas prices.
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civicscience.com

Consumers Are Driving and Spending Less Due to Rising Gas Prices

The effects of rapidly rising oil and gas prices are rippling through the U.S. economy, just as the holiday season ramps up. Keeping tabs on how the price hikes are affecting consumers, a CivicScience survey of more than 2,500 U.S. adults conducted this week learned that approximately half (49%)...
civicscience.com civicscience.com

Rising prices mean less demand.
That's just basic economics.
 
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WWLaidback said:
Indirectly, yes. Now they rely on Ukraine instead of the USA for their energy needs.
Click to expand...

Yeah that's dumb as fuck and you have no clue what you are talking about.

Eliminating a pipeline in the USA that never existed cannot possibly result in a massive increase to European oil.
 
Gas prices are almost entirely driven by crude oil prices.

Crude oil prices are driven by the global markets.

The global markets are huge, and do not revolve around the American President.

Biden hasn't made any major changes anyway.

So all this talk about gas prices is partisan gibberish. It has little to no basis in fact. But for Republicans, it's better to have arbitrary criteria for judging Presidents, because if people assess based on actual policy impacts, they can't win.
 
ibleedburgundy said:
Eliminating a pipeline in the USA that never existed cannot possibly result in a massive increase to European oil.
Click to expand...

You don't think sending our oil to Europe raises the price in the USA.
You don't think an increase in american supply could reduce the price pressure in the USA and abroad.
That's your understanding of economics, is it?

  • US oil exports to Europe have surged to the highest point since Washington lifted its export ban in 2016.

markets.businessinsider.com

US oil exports to Europe continue to surge as the EU nears a full embargo on Russian crude

The US sent 48.8 million barrels to Europe last month from major terminals in Texas and Louisiana, according to data compiled by Bloomberg.
markets.businessinsider.com markets.businessinsider.com
 
The same thing happened when cfc refrigerants were phased out back in the 90s..
get a clue. This Gasoline (futures) ETF picks up on rising gas prices.
It isn't too late.
I'm thinking we'll see $8 to $10 a gallon and perhaps more.
When it does, I'll cash in and buy my Tesla.

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ibleedburgundy said:
The global markets are huge, and do not revolve around the American President.
Click to expand...
Biden's adversarial-oil and pro-climate energy policies are handing the leverage to Putin.
At least that's what the energy analysts seem to be telling us in different words.
Europe can no longer count on us for their energy needs. FACT.
Hence they have an energy show-down with Russia.
That is bad bad news... for everybody.
What a lost opportunity, and it shows in a big way.
 
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