$5 a gallon

[berryberry]

Originally Posted by eyecu2

Well since the post is about 5 dollar gas; one could and should conclude that the blatant liar is you sir. You're prediction was absolutely incorrect

Did gas hit $5. Yes it did.
Actually hit over $8 in some parts of California

So why do you continue to blatantly lie?

Why can't you accept reality that yes gas was selling for over $5 a gallon?

[jmichael]

Originally Posted by chizzy

1. What was the price of gas the day Biden took office?

2. What was the inflation rate the day Biden took office?

Checkmate

Checkmate? not even close, the World inflation number stands at 8.3 %. I guess Biden caused this also.
Inflation was going to happen no matter who was in office. I will give Trump credit for one thing ,he didn't screw up a robust economy that left for him.

[jmichael]

Originally Posted by berryberry

Show me EXACTLY where I said this. Come on I will wait.

Because all I posted was an article pointing out the fact that the Biden administration has leased fewer acres for oil-and-gas drilling offshore and on federal land than any other administration in its early stages dating back to the end of World War II. I didn't talk about drilling wells or the price of oil - I posted FACTS about new leases being issued.

An article / facts that you dismissed saying which you well know is an outright lie

I proved that in several subsequent posts but I guess since you are having trouble grasping that, maybe this graph will help



This is NOT because the oil companies don't want to lease more drilling rights like you falsely claim. It is because the Senile Biden admin has refused to lease hardly any. Throughout history, oil companies leased new drilling rights no matter the economy, no matter if the oil patch was in a boom cycle or bust cycle. Nope - the only thing that changed here is this corrupt Senile Biden regime has refused to lease new drilling rights.

Why do you continue to lie about this?

Then Berry, please, explain the decline your chart shows over past administrations. Trump, only Approximately 60 % of the Obama administration. It's humorous, how you post proof, that actually refutes you assertations
Also instead of saying gas hit 5 dollars a gallon, like a parrot. Why don't you refute, some of the points eye put forth. maybe you can't find something to copy and past?
You claim eye is embarrassing himself by posting intelligent and factual information, maybe you should look into the mirror.
This is one of the reason I find your post so entertaining. I also like the show "Children Say The Craziest Things"

[berryberry]

Originally Posted by jmichael

Then Berry, please, explain the decline your chart shows over past administrations.

I know math is hard for you and you are trying to do anything to spin the disastrous results of Senile Biden's war on oil but 4.4 million acres leased the first 19 months of Trump's administration is 4.3 million MORE than the 130,000 acres leased the first 19 months of Senile Biden's administration

[jmichael]

Originally Posted by berryberry

I know math is hard for you and you are trying to do anything to spin the disastrous results of Senile Biden's war on oil but 4.4 million acres leased the first 19 months of Trump's administration is 4.3 million MORE than the 130,000 acres leased the first 19 months of Senile Biden's administration

Again you didn't answer a direct question, but try to double talk your chart shows a decline in leases since the bust administration.
But you claim it's not the oil companies making their own choices. Eye explained it but in your narrow view, where everything is a liberals fault. you can't seem to grasp the obvious. keep upyour post I enjoy what you have to say

[berryberry]

Originally Posted by jmichael

Again you didn't answer a direct question, but try to double talk your chart shows a decline in leases since the bust administration.
But you claim it's not the oil companies making their own choices. Eye explained it but in your narrow view, where everything is a liberals fault. you can't seem to grasp the obvious. keep upyour post I enjoy what you have to say

Keep on spinning. Everyone can see the numbers. You just continue to make yourself look foolish

Number of acres leased the first 19 months of the Senile Biden admin was 130,000. Lowest by far of ANY administration dating back to World War II

Comparatively under President Trump 4.4 million acres were leased in the same time period

[eyecu2]

Leasing acres and producing them are two totally different things. I know many people who own acreage and have received payment for the rights to use and produce wells, and then those expired and they sold a second set of rights for the same acreage. Too many producers went out of business due to the hemorrhage of money they borrowed on future production, and ended up going into bankruptcy. Baker Hughes Corp along with Halliburton we're on the chopping block until GE came in with Deep Pockets. I remember going past the oil field areas where they would Warehouse rigs and all the trucks to support them, and they were literally stocked full to the rim, and many were sold at super discount. Other companies just simply were scooped up for pennies on the dollar during bankruptcy. The amount of money it requires to produce a well today just is not going to go out, if the costs exceed the value of the oil produced. Companies currently are looking to reacquire stock shares, or buy back bonds in order to stop a loss of dividends, or operating capital. Not many reasons to drill holes and produce oil and gas right now- vs consolidate. But that's just my opinion from 15 years understanding of the oil industry by being on the inside.

[berryberry]

Originally Posted by eyecu2

Leasing acres and producing them are two totally different things.

No one said otherwise. That's just pure spin from you to try and cover up the fact that the number of acres leased the first 19 months of the Senile Biden admin was 130,000. Lowest by far of ANY administration dating back to World War II.

There are multiple steps involved between leasing land and producing oil from it that take time and money. But you have to start with obtaining the leases and Senile Biden has basically shut that down

[berryberry]

That didn't take long -- gas prices are back at $6 and beyond

The average price of gas in California has again topped $6, with prices spiking nearly 15 cents in Los Angeles County to an average price of $6.11 for a gallon of self-serve regular gasoline. This price has been on the rise for 26 consecutive days, rising 83 cents in just one month.

Those prices have also breached the $6 mark in Orange and Ventura counties, averaging $6.10 and $6.04, respectively. In the Inland Empire, those prices are still a hair under $6, with an average price of $5.97 a gallon.

https://www.cbsnews.com/losangeles/n...-price-spike/?

[berryberry]

Don't look now but OPEC is thinking of cutting production and Senile Biden, having drained the Strategic Petroleum Reserve in a brazen attempt to buy votes for the midterms is shitting bricks

Leaked White House talking points say an OPEC oil cut would be a “total disaster” & propose threatening OPEC members.

A U.S. official said the White House is “having a spasm & panicking.”

All to avoid more domestic oil production.

https://www.cnn.com/2022/10/04/polit...rms/index.html

[berryberry]

Get ready for gas prices to soar once again after the November election

Senile Biden’s on track to practically empty our strategic oil reserves in his corrupt and brazen attempt to get Democrats elected in November. You are watching an act of national sabotage, in real time, carried out by Senile Biden. If a global emergency cut-off our access to foreign oil we would no longer have the strategic reserves to keep going.

[eyecu2]

Yes it's true, but not entirely caused by only OPEC. The US uses over 19 million barrels of oil a day but produces about 12.5 mm. The oil from OPEC is about .5mm to 1mm barrels we import. We get the rest from Canada and other non OPEC countries. The squeeze OPEC is running will certainly cause oil pricing upward, but we get 4x the oil from Canada as we do from OPEC.

Oil reserves will be used to mitigate some price fluctuation, but there would never be a time that a POTUS would dip below threshold levels,.,we would likely force the Saudi or other regime's into more production. The question is now how do they do that?

Stability in the middle east is not always good for oil prices, if you know what I mean! Plus the Arabs hate each other, so the long play might be to destabilize the area...but that takes time. Short term ..prices will go up soon. Good news if you're heavy and long on domestic oil stocks. Earnings will be big

[berryberry]

Senile Biden is running out of the ability to do more brazen releases from the SPR to try and prop up libtard candidates before the midterms.
Ooops

The AAA national average price of a gallon of gas has risen in 19 of the last 20 days.

Prices in California are currently 62% above the national average ($6.33 vs $3.92).

[berryberry]

[Jacuzzme]

It’s amazing that 32.8% of the people surveyed are stupid enough to be more likely to vote democrat because they’re concerned about gas prices. 1/3 of the country is brain dead. There should really be a test to become qualified to vote.