| There are 17 comments on this blog. |
|
|
Agreed !
Usually the mid-terms are an opportunity to send the party in power a message, but that didn't really happen in November 2022, so the Dems and Oil Companies got their ticket to ride the $ 7 a gallon train straight to the heart of the American tax payer's wallet.
|
|
|
It should be noted that Chevron had such big profits last year that they just announced they are doing a $75 BILLION stock buy back, representing 20% of shares outstanding. When a company does a stock buyback, it is to pad the coffers of company executives who have compensation and bonuses tied to stocks, under the guise of helping out shareholders.
They could have used that money to pay employees more, or drop prices at the pump, or invest in their infrastructure, or expand into other energy sources like wind & solar, or maybe start drilling on land they already have approval and leases in place for (which would then drop prices at the pump). But none of those things will directly benefit executives immediately, so they do the stock buyback instead. Fuck them.
|
|
|
The government has our best interests. They work only to help us understand what is best for the 🇺🇸 USA.
China is even better at that job. Always doing doing what is best for the people.
Not to worry we will get there.
|
|
|
Higher gas prices also means a high cost of living, which also means more crime,
since many will no longer have enough money just to live.
We also have plenty of illegals, homeless, drug addicts and the
mentally ill roaming the streets.
There might come a time when there will no longer be HX.
After all the woke and broke will not be able to afford be on HX. LOL 
|
|
|
The articles I read on the internet say that gas prices will fluctuate but over all
less will be spent on gas in 2023 than in 2022. Of course that is an average
across the country. In CA, gas costs a lot more.
|
|
|
Trucks move America, increase in fuel will raise prices.
|
|
|
All I can said is fuck trump mother Fucker stupid racist
|
|
|
The entire world has proven oil reserves that will last 47 years at current consumption rates.
Beyond used as fuel in cars, oil is used to make plastics and other synthetic materials.
|
|
|
I think OP means “COMING BACK”
|
|
|
@DrBoggie: HX will GROW, because more will need it for a side gig.
And more supply = lower prices
|
|
|
Several things to consider:
"proven oil reserves" are nice, but at the end of the day, a very marginal way to measure things.
Fact: Technology continually improves, average MPG & others streches today's "reserve"
fact: People are discovering new oil resources all the time - adding more into the "reserves"
Fact: We can extend the life of nonperforming wells - drawing more oil out of "depleted" soruces
Fact: use of "synthetic" gas will continue to develop.and get cheaper (corn, coal, shale, etc, etc)
To say we don't have enough resources to continue using oil is just ignoring the facts, or selective bias.
The Democrats, rather the "green" is led by the assumption that you can get something for nothing.
Case in point:
Fact Hillary said on her campaign for president, that she would put the coal workers out of work (Ballsy to say, I give her credit for speaking her mind, stupid to say, but she was convinced that she would win)
Fact: Bidens actions do not favor domestic reliance - nothing he has done has helped US energy from using domestic supply.
I could go on, but until we adopt an attitude that to rephrase Gordon Gekko "oil is good", the US economy will suffer, and the very people the democrats say they want to help, will hurt.
Fact - higher oil prices affect the poor disproportionately , it's essentially a tax on them. Rich people can afford 7 - hell $10 a gallon of gas, person punching a clock - at a low skill job, they can NOT.
When will people learn?
|
|
|
Except Democrats are the ones limiting these leases due to environmental reasons and common sense investment reasons (hint: oil is a natural resource and its price is going up over time, there's a finite quantity....), and Republicans are the ones pushing for more drilling and fracking.
And you're blaming Biden and Nancy Pelosi.
That just goes to show how in this country, instead of holding the people responsible accountable, you go and blame someone else.]
How about we set profit limits for corporations when they making money off exploiting our public resources?
But nooooo.... that would be too much regulation and "socialism"!!! The irony is almost too much to bare
|
|
|
Fact -- oil prices affect poor people disproportionately, but so does global warming and pollution. Who are those people in Flint or New Orleans getting lead in their water? Not the Kanye Wests or Bill Gates in the world I assure you.
|
|
|
Fact: Technology continually improves, average MPG & others stretches today's "reserve".
True but gasoline engines are a very mature technology and additional benefits after over 100 years of incremental innovation will be minimal.
fact: People are discovering new oil resources all the time - adding more into the "reserves".
True but at what cost? There may be additional resources (very deep sea, Antarctica etc. but they will not be cheap to extract and process. All the easily accessible reserves globally are well known.
Fact: We can extend the life of nonperforming wells - drawing more oil out of "depleted" sources. True but again at what cost? Secondary and tertiary recovery like CO2 and water injection etc. These technologies are mature and increasingly very expensive.
Fact: use of "synthetic" gas will continue to develop. And get cheaper (corn, coal, shale, etc, etc)
True but....Corn wet milling is mature and has never been viable without subsidies and also contributes to increased food costs. Coal to liquid i.e. Fischer–Tropsch process is very energy inefficient and only really practical if you're oil embargoed like apartheid South Africa. Shale liquids are primarily a bi product and a viable high volume crude oil substiture.
I do expect higher gas prices when the Chinese economy ramps up again and adds another 2 million BPD or so to global demand but unfortunately "Our great nation has more oil than Saudi Arabia -- 200+ years’ worth..." is really not reality. As the assumed price rises the reserves do as well (enhanced recovery, ultra-deep water etc.) but it’s limited. The US has less than 50 years reserves currently and while those may be extended as the assumed prices increase it will come at a higher and higher cost.
There’s no easy answer here but IMHO for true energy independence we really need to quickly move beyond petroleum and invest heavily in renewables; wind, solar, hydrogen etc. and the infrastructure to support them.
|
|
|
"That unreliability, and Worldometer’s anonymous team of analysts with little to no accountability, led to even Wikipedia’s editors refusal to permit the use of Worldometer as a reliable source on coronavirus-related pages.
So should you trust Worldometer’s figures? If you’re a government official, academic or other high-ranking expert working to further understand the coronavirus outbreak, probably not.
For most of us, the site provides an interesting – if not totally accurate – insight into the world’s population, but take it with a pinch of salt."
Worldometers fossil fuel information is also completely inaccurate.
True measurements range from oil at 51 years to coal at 114 years
As Remo pointed out, "proven" reserves is an economic term while petroleum engineers use classifications including P90, P95, developed, undeveloped, unproven, etc.
Estimations combined run up over 200 years, we got that long or less to come up with alternatives.
Peak oil was originally back in the seventies but peak oil is constantly moved further back because Progressives continually underestimate human ingenuity.
They believe that everybody is as stupid as they are
|
|
|
The price already went to 7 dollars a month or 2 ago, I saw it in San Diego county
|
|
|
The cost of fossil fuel will be the least of our problems with the effects of climate change already causing unprecedented temperatures, rainfall, flooding, hurricanes, tornados, and the rapid melting of the polar ice caps. The earth will survive this human caused rate of change to our climate, but the many other species will not.
|
| There are 17 comments on this blog. |
