oil

[tommy156]

Originally Posted by bambino

The record high in Pa was 4.17, that happened last year. So, we’re less than a dollar from that historic high. No exaggeration needed.

Yes, and it was obviously temporary, based on dozens of factors worldwide... not just mean old Joe Biden here in mean old America. Lol. The POTUS does not (cannot) control the price of a global commodity - which has come down quite a bit since last year, and continues to drop.

[Jacuzzme]

That’s a huge steaming pile of horseshit. When the government of the largest oil producing country in the world is hostile to fossil fuels, it most certainly effects the global market.

[Jacuzzme]

Originally Posted by HDGristle

Plenty of folks do, so that's absolitist responae is not a real answer.

Price at the pump and of associated products that that cost brings up (basically everything) is what the overwhelming majority of people are concerned with.

[HDGristle]

And that those prices are substantially down since last year. Far more than just 10%

[berryberry]

Originally Posted by tommy156

Lol. Average cost of premium in PA today $4.35/g. It hasn't been $2.18/g or less for a LONG time. Stop with the "nearly double since Biden took office" nonsense. It's simply not true. Yes, things are a little more expensive now. We get it.

The only nonsense is what you posted

The average price of gas nationwide for Trumps whole 4 years in office was $2.48 a gallon. It was even less his final year in office at $2.26 a gallon. People are paying much much more under Senile Biden. Gas prices more than doubled with Senile Biden in office. Even with a slight pullback now and the prices are still up a shitload under Senile Biden. Why are you afraid to admit that

[Salty Again]

... Rather easy solution: "Drill Baby Drill!" ...

#### Salty

[HDGristle]

Drilling means nothing if refinery capacity isn't addressed, Salty.

[Jacuzzme]

Right, but it’s more important to protect the fuzzy-chested nut scratcher and feed the global warming fairytale than improve our energy infrastructure.

[HDGristle]

Originally Posted by Jacuzzme

it’s more important to protect the fuzzy-chested nut scratcher

What you do in your personal time with your grooming and your nuts is your business. You can find those all around town

[jmichael]

True! the avg price of gas in 2019 was $2.60 but oil prices were about the same. the president doesn't control the price of oil.
And yet you faulted him when the price was going up, but you don't give him credit when they drop. sounds hypocritical.

Originally Posted by bambino

Yeah well, gas was $2.30 a gallon in 1/2020. It’s now 3.70 today. For 87 octane. Premium is over $4 and diesel is around $5. Is it down? Saudis are going to cut production again. Our reserves are empty. Maybe Bribes will suck Venezuela cock for some oil.

[jmichael]

Why would they drill when they can't cover the cost of a new well?The drillers need about $80 dollars a barrel to be profitable.
Oil average 72 dollars a barrel in 2018, with a high of $86 a barrel in Oct of that year.
Gas was cheaper then because the refiners are making record profits now.

QUOTE=Salty Again;1063217025]... Rather easy solution: "Drill Baby Drill!" ...

#### Salty[/QUOTE]

[bambino]

Originally Posted by HDGristle

Drilling means nothing if refinery capacity isn't addressed, Salty.

The US finds plenty of refineries for Venezuelan oil.


https://www.reuters.com/markets/comm...es-2023-03-30/

You’re behind once again Gristle

[HDGristle]

Yeah, the same capacity that was being used for Russian crude, Bam.

But as usual, you're not looking at the big picture or connecting the dots.

What has happened to refinery capacity over the past 15 years? How much capacity was repurposed for other products and is no longer available for petroleum?

I don't think you have a solid grasp of the critical factor the lack of refining capacity had on last year's diesel shortage. Truthfully, I do know. I'm just being generous.

[bambino]

Originally Posted by HDGristle

Yeah, the same capacity that was being used for Russian crude, Bam.

But as usual, you're not looking at the big picture or connecting the dots.

What has happened to refinery capacity over the past 15 years? How much capacity was repurchased for other products and is no longer available for petroleum?

You’re not looking at the “big” picture. We have more oil in this country than Saudi Arabia. Far mor than Russia. Run along Gristle.
You’re making a fool out of yourself. But hey.

[HDGristle]

In terms of high quality crude, sure. But we don't have more total proven oil reserves than Russia or Venezuela.

We do have a lot of refineries. But a lot of that capacity has shifted. It's also been reduced significantly. By well over a million bpd vs 2020. And not all refineries are setup correctly to handle certain types of oil. Like the tar sands we import from Canada. Or the sweet crude we pump out of the ground.

But you don't see that, so the fumbly posturing is obvious because of the lack of the details that would demonstrate an even remotely informed view.