Oil Price Increases After Biden Shuts Down Drilling Permits Again

[Mike Ault]

California's "Gig Worker" legislation stands. I'm sure Biden will be blamed for the price increases.

 

[Charles West]

Gas has been dropping because of volatility in the oil markets, nat gas is rising at the same time. What is disturbing is the new baseline is in the 90's where it used to be in the 40's.

 

[Charles West]

California's "Gig Worker" legislation stands. I'm sure Biden will be blamed for the price increases.

More good news for the supply chain. You wouldn't think it could get worse but now it clearly will be.

 

[Mike Ault]

That put independent truckers that get their loads assigned through trucking companies in a bind, I wonder what that legislation might do to independent appraisers that get their assignments from AMCs?

 

[Charles West]

That put independent truckers that get their loads assigned through trucking companies in a bind, I wonder what that legislation might do to independent appraisers that get their assignments from AMCs?

They will be taken out and summarily executed.

 

[Zoe]

I hear gas prices are going to fall like crazy. Is that true?

Idk. They fell like crazy here lately. I hope they fall more.

Gas impacts so many products on inflation.

Let gas drop to $1 a gallon and see what it does to inflation. It would have huge impacts.

Double edged sword like before. With fracking, oil dropped from $100 a barrel to $30. Many went broke. Many big oil almost went broke.

 

[Charles West]

I hear gas prices are going to fall like crazy. Is that true?

Idk. They fell like crazy here lately. I hope they fall more.

Gas impacts so many products on inflation.

Let gas drop to $1 a gallon and see what it does to inflation. It would have huge impacts.

Double edged sward like before. With fracking, oil dropped from $100 a barrel to $30. Many went broke. Many big oil almost went broke.

Wouldn't count on it short term, depends on how severe the recession we are in plays out.

 

[glenn walker]

You fool. He is driving prices down by sending us in a recession... great planGas-Oil-Real Estate many things may eventionally collapse as now "demand destruction : is starting to be exhibited in my area.

California's "Gig Worker" legislation stands. I'm sure Biden will be blamed for the price increases.

Biden is destroying workers lifes th upside is the workers are turning on him and the democratic party like rabid dogs. He destroyed our two cafe sites because they can no longer-afford delivery service. Now CA truckers going to be crucified. Down goes Biden-down goes Biden.

 

[Zoe]

The big oil companies had the capital money to survive when oil price fell that much. The small time oil fracking is who went bankrupt. You take a $100 barrel price to $30 oil price on fracking.


That's a huge drop. The small time fracking just shut the oil wells down and declared bankruptcy. I don't know how many wells are vacant now. I have heard as much as 2,000. I could be way off. It may be way more.

 

[glenn walker]

The big oil companies had the capital money to survive when oil price fell that much. The small time oil fracking is who went bankrupt. You take a $100 barrel price to $30 oil price on fracking.


That's a huge drop. The small time fracking just shut the oil wells down and declared bankruptcy. I don't know how many wells are vacant now. I have heard as much as 2,000. I could be way off. It may be way more.

Your not way off your not even on the same planet