Oil

NEW -> Contingent Buyer Assistance Program
Unicorns and rainbows?I?ll stick to my assault truck.

Gas prices are rising. So where are the electric cars?
Democrats see electric vehicles as an answer to climate change, and high fuel costs mean more Americans are interested. But inflation and a shortage of new cars are making that transition painful.

Then there?s the price. An entry-level electric vehicle like the Chevy Bolt can still cost nearly $15,000 more than an equivalent gas-powered car, such as the same automaker?s Malibu sedan. That cost is significantly more than the $5,000 in savings that analysts say electric vehicle owners will realize on fuel and maintenance over 10 years. And finding a used electric vehicle is nearly impossible.
https://www.politico.com/news/2022/05/28/gas-prices-rising-electric-cars-00035425
 
reduce consumption is good for the wallet and environment, right?

morekaos said:
Unicorns and rainbows?I?ll stick to my assault truck.

Gas prices are rising. So where are the electric cars?
Democrats see electric vehicles as an answer to climate change, and high fuel costs mean more Americans are interested. But inflation and a shortage of new cars are making that transition painful.

Then there?s the price. An entry-level electric vehicle like the Chevy Bolt can still cost nearly $15,000 more than an equivalent gas-powered car, such as the same automaker?s Malibu sedan. That cost is significantly more than the $5,000 in savings that analysts say electric vehicle owners will realize on fuel and maintenance over 10 years. And finding a used electric vehicle is nearly impossible.
https://www.politico.com/news/2022/05/28/gas-prices-rising-electric-cars-00035425
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True or not true... Trump part of OPEC deal reducing oil production during Covid 2020?

Too lazy to deep Google but cursory search brings up hits.

If true, why no mention from morekaos?
 
One of the stupidest things to do if your goal is to lower gas prices and reduce food inflation...Why bureaucrats who never worked in the private sector should not be running the economy...hopefully, that will change soon...

Biden?s Mandates for Increased Production of Ethanol Are Wrong-Headed

E15 is also harmful to older car engines, storage tanks, pipelines, and gas pumps.

Then there are ethanol?s negative economic impacts. Mandates to burn more corn in vehicle engines leave less corn to be consumed as food. Not only does the price of corn rise, but so do the prices of a wide array of foods that have corn as an ingredient. Corn is also a major food used for raising livestock, so rising corn prices mean higher meat prices. Also, to the extent that farmers switch from growing other crops to take advantage of the ramped-up demand for corn, prices of others grains rise, too. According to a report published earlier this year in the Proceedings of the National Academy of Sciences, past increases in ethanol production in response to federal mandates have increased the price of corn by 30 percent and the price of other crops by 20 percent.

https://www.theepochtimes.com/bidens-mandates-for-increased-production-of-ethanol-are-wrong-headed_4527241.html?utm_source=partner&utm_campaign=TheLibertyDaily
 
So I've been reading non-morekaos infested forums and it's a bit interesting regarding gas prices.

The cost of oil per barrel is not as much a factor for gas prices as we would think... thus drill baby drill isn't really an answer.

I'll leave the math for everyone else to ponder but oil prices have been much higher in the past yet gas prices have never been this high.

So as much as we want to blame lack of drilling, reduced supply from Russia, the sitting president, etc... there is more at play here than simple supply/demand.

I still think the best way is to move away from fossil fuels... that's not unicorn or rainbows... that's like Thanos... inevitable.
 
irvinehomeowner said:
So I've been reading non-morekaos infested forums and it's a bit interesting regarding gas prices.

The cost of oil per barrel is not as much a factor for gas prices as we would think... thus drill baby drill isn't really an answer.

I'll leave the math for everyone else to ponder but oil prices have been much higher in the past yet gas prices have never been this high.

So as much as we want to blame lack of drilling, reduced supply from Russia, the sitting president, etc... there is more at play here than simple supply/demand.

I still think the best way is to move away from fossil fuels... that's not unicorn or rainbows... that's like Thanos... inevitable.
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I don't disagree about there being much more at play.. but I think supply/demand is definitely a piece. I'm super pro EV/solar/"clean energy" but I'm also pro US energy independence. We need to massively increase 'clean' sources of energy but we also need to make sure there is plenty of energy regardless and that means we should increase our production of oil, gas, and invest in nuclear.
 
When you believe in Unicorns and Rainbows that darned intrusive real world can be quite a shocker...Drill Baby Drill!! ;D ;D >:D

Germany to fire up coal plants as Russia turns down the gas
As Russia reduces its supply of natural gas, Economy Minister Robert Habeck has said Germany must curb its usage. Otherwise, things "could get tight in winter," he said.

...called for Germany to reconsider its 2017 ban on unconventional fracking amid the supply problems.

Fracking is a process for extracting oil and gas from shale rock using chemicals and pressure considered by many environmentalists as extremely damaging to nature.

But the FDP's parliamentary director Torsten Herbst told the Welt am Sonntag newspaper that such objections were no longer relevant.

"As scientific studies show, under modern security standards fracking causes no relevant environmental damage," he said.

Referring to the fact that Germany intends to import fracking gas from the US, he said that those in favor of the move could not oppose the promotion of safe fracking in Germany itself.https://www.dw.com/en/germany-to-fire-up-coal-plants-as-russia-turns-down-the-gas/a-62182321
 
Lurch is such a DBag...."we don't need that but I can't tell you what we need...and what do I care?...I'm a Billionaire!!!"

John Kerry: We Don't Need to Drill More for Oil and Gas

"And energy security worry is driving a lot of the thoughts now about, 'Oh, we need more drilling, we need more drilling of this, we need to go back to coal.' No, we don?t. We absolutely don?t. And we have to prevent a false narrative from entering into this or, again, pun intended, we are cooked," Kerry said.
https://townhall.com/tipsheet/julio...t-need-to-drill-more-for-oil-and-gas-n2608737
 
The Boy King only wants to help...this should do it....

California Decides the Perfect Time to Raise Gas Taxes is Now

The average per-gallon cost is now $6.05, though the price climbed as high as $7.79 in remote Mono County, according to AAA. The national average, meanwhile, was nearly $1.50 cheaper at $4.56 per gallon.

The state government of California will increase the state tax on gasoline from 51 cents per gallon to 53.9 cents. California has the highest taxes on gasoline.
https://www.independentsentinel.com/california-decides-the-perfect-time-to-raise-gas-taxes-is-now/
 
morekaos said:
The Boy King only wants to help...this should do it....

California Decides the Perfect Time to Raise Gas Taxes is Now

The average per-gallon cost is now $6.05, though the price climbed as high as $7.79 in remote Mono County, according to AAA. The national average, meanwhile, was nearly $1.50 cheaper at $4.56 per gallon.

The state government of California will increase the state tax on gasoline from 51 cents per gallon to 53.9 cents. California has the highest taxes on gasoline.
https://www.independentsentinel.com/california-decides-the-perfect-time-to-raise-gas-taxes-is-now/
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CA is running huge budget surpluses and they are going to raise the gas tax, really?  Yeah, keep taxing the ones that can least afford higher gas prices.  Do these politicians understand that higher gas prices trickle down to increase prices of just about everything else since both goods and services are effected by gas prices?  The law of unintended consequences in full effect again.
 
irvinehomeowner said:
Liar Loan said:
irvinehomeowner said:
Poor LL has to hold up morekaos' pants because he can't find any other support here.

What do you drive LL? Do you support EVs or prefer to go ICE ICE baby?
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I try to get the full usable life out of my cars before buying a new one, which means buying cars infrequently (the best policy from an environmental standpoint). My last car was 15 years old before I sold it - a Toyota with 200k miles.
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Do you have a chart proving that keeping a car for 15 years vs 3 years is better for the environment?

All cars don't last forever so they have to make new ones and it's not like my 3-year old car goes into the junkyard... it goes to someone else to use which is going to happen, just like more people are born.

What helps the environment is more cars that use clean/renewable energy... and to cycle out the gas burners. Or are you like morekaos and don't get that concept?

I'll put my morekaos hat on... do you think your one 15 year old Toyota burning gas made a difference and was better for the environment?

The contradiction in both of you is so hilarious.
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Turns out if you want to ague the environmental issue as the sole argument...its a loss for Gaia....

Is it ethical to purchase a lithium battery powered EV?

Today, a typical EV battery weighs one thousand pounds.  It contains 25 pounds of lithium, 60 pounds of nickel, 44 pounds of manganese, 30 pounds cobalt, 200 pounds of copper, and 400 pounds of aluminium, steel, and plastic. Inside are over 6,000 individual lithium-ion cells.

It should concern you that all those toxic components come from mining. For instance, to manufacture each EV auto battery, you must process 25,000 pounds of brine for the lithium, 30,000 pounds of ore for the cobalt, 5,000 pounds of ore for the nickel, and 25,000 pounds of ore for copper. All told, you dig up 500,000 pounds of the earth?s crust for just one battery.

The top image is an oil well, where 100 percent organic material is pumped out of the ground, taking up around 500 to 1000 square feet. Then it flows in pipelines safely transporting the oil to refineries to be manufactured into usable oil derivatives that are the basis of more than 6,000 products for society, and into transportation fuels needed by the world?s heavy-weight and long-range infrastructures of aviation, merchant ships, cruise ships, and militaries.

The lower image is just one lithium supply mine where entire mountains are eliminated. Each mine usually consists of thirty-five to forty humongous 797 Caterpillar haul trucks along with hundreds of other large equipment. Each 797 uses around half a million gallons of diesel a year. So, with an inventory of just thirty-five the haul trucks alone are using 17.5 million gallons of fuel a year for just one lithium site.

There is virtually non-existing transparency of the environmental degradation and the human rights abuses occurring in developing countries with yellow, brown, and black skinned people. Both human rights abuses and environmental degradation are directly connected to the mining for the exotic minerals and metals that are required to manufacture wind turbines, solar panels, and EV batteries.
https://www.cfact.org/2022/06/07/is-it-ethical-to-purchase-a-lithium-battery-powered-ev/
https://youtu.be/Q-q4nGBHWTI
 
Your response is sort of out of context because ethics and reusable energy are not the same thing but as I mentioned this before, that's why you recycle batteries and the metals/ores.

What do you recycle for gasoline? The fumes?

Nothing is perfect, but some things can be better than others.
 
Drill now...drill everywhere.  They said that would not work, they were wrong...they are wrong again...

'Drill Here, Drill Now, Drill Everywhere' and Other Nonsense

DEAN BAKER
March 24, 2011

The flood of nonsense in the traditional news outlets just continues to grow. At the top of the list is the steady stream of senators or members of Congress whose response to higher gas prices is to insist on drilling in every square inch of environmentally sensitive territory in the country. This is supposed to reduce our dependence on imported oil and lower the price of gas. Both sides of this assertion are absurd.
https://www.commondreams.org/views/...drill-now-drill-everywhere-and-other-nonsense

U.S. Becomes a Net Oil Exporter for First Time in 75 Years
BY BLOOMBERG
December 6, 2018 11:35 AM PST

America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal ? even if likely brief ? moment toward what U.S. President Donald Trump has branded as ?energy independence.?

The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New Mexico to the Bakken in North Dakota to the Marcellus in Pennsylvania.

While the country has been heading in that direction for years, this week?s dramatic shift came as data showed a sharp drop in imports and a jump in exports to a record high. Given the volatility in weekly data, the U.S. will likely remain a small net importer most of the time.

?We are becoming the dominant energy power in the world,? said Michael Lynch, president of Strategic Energy & Economic Research. ?But, because the change is gradual over time, I don?t think it?s going to cause a huge revolution, but you do have to think that OPEC is going to have to take that into account when they think about cutting.?
https://fortune.com/2018/12/06/oil-exports-us/
 
Like Germany...fire up the coal...

Time for Biden to fire up the coal plants

Joe Biden dropped the ball on U.S. energy security from Day One of his presidency, when he canceled the Keystone XL pipeline permit that would have brought as much as 900,000 barrels of crude oil into the U.S. system.

The U.S. policy toward coal plants is that they can?t shut down fast enough. They are cardinal sinners in environmentalists? books. But right now, given the demand for power that?s coming down the pike with hot weather, a way to save natural gas supplies by a return to coal makes sense.

This has the makings of a long, hot, expensive summer. Biden has the chance to do something practical to alleviate some of our energy problems.

As Jetten said, the risk of doing nothing is too great.
https://www.msn.com/en-us/money/mar...r-biden-to-fire-up-the-coal-plants/ar-AAYIRms
 
For some real comedy look up Cavuto today getting WH advisor Jared Bernstein to admit Biden wants to drill baby drill on Fox News
 
Silly morekaos... Trix is for kids.

Do you think that even if we added 900,000 barrels that prices would go down?

Greed/Fear > Supply/Demand
 
More than a three month tax hiatus?but I don?t want 900,000 barrels?I want 2 million or more?we can do that.  One of my clients runs a chunk of Prudoe Bay production. They are adding rigs now but they could do more if they felt more comfortable with this administration?until that changes they are unwilling to make the commitment?.but change is coming in just 19 weeks.
 
A few weeks ago while we were out shopping, my 6 year old daughter stated a few times how she wished all the stuff in the store only cost a penny.  "Wouldn't that be great, Dada"? she asked.  At this prompting, I explained to her that it would be great, except if everything was a penny then everyone else woud buy everything in the store, and the store would run out, and we wouldn't actually be able to buy anything.  I saw the lights go on in her little eyes and she stopped wishing out loud for fantasy pricing tied conveniently to the contents of her piggy bank. 

I think my 6 year old daughter now understands basic economics better than a lot of politicians. 
 
Go where the work is:

US electric vehicle jobs exploded in 2021, clean energy jobs grew ? and fossil fuel jobs shrunk
https://electrek.co/2022/06/28/us-electric-vehicle-jobs-2021/

The 2022 USEER report shows that the energy sector ? with the exception of fossil fuels ? experienced positive job growth. Overall, the sector rose by 4% from 2020 to 2021, outpacing overall US employment, which grew 2.8% in the same period. The energy sector added more than 300,000 jobs, increasing the total number of energy jobs from 7.5 million in 2020 to more than 7.8 million in 2021.

In addition to the huge job growth in the full battery electric vehicle sector mentioned above, other vehicle sectors saw notable job growth as well:

Hybrid electric vehicle jobs increased 19.7%, adding 23,577 new jobs.
Plug-in hybrid vehicle jobs increased 30.9%, adding 14,790 jobs.
Hydrogen fuel cell jobs increased 41.4%, adding 4,160 jobs.
Fossil fuel jobs accounted for most of the fuel jobs lost:

Petroleum ? both onshore and offshore ? led losses with a decrease of 6.4%, shedding 31,593 jobs.
Coal fuel jobs declined by the greatest percentage, at 11.8%, losing 7,125 jobs.
Fuel extraction jobs overall decreased by 12%.

But, biofuels, including renewable diesel fuels, biodiesel fuels, and waste fuels, grew by 6.7%, adding 1,180 jobs.
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Unicorns and rainbows are coming.
 
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