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Oil Price Increases After Biden Shuts Down Drilling Permits Again

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And now that Russian oil is being taken off the market Biden is negotiating with the terror state of Iran to purchase their oil to replace the supply from Russia. You got to love the green movement's complete tone-deafness with respect to the existing economy vs their dream economy of zero carbon output.
 
Biden only got one thing right in His State Of The Broken Union and that was we are not going to De-Fund Police BUT he needs to go back to Slick Willie when he quickly pivited back to the center when he realized his progressives and wackos in the party had no concept that in the end its almost always all about the economy stupid. Outside a miracle Biden may not even make one full term.
 
Biden only got one thing right in His State Of The Broken Union and that was we are not going to De-Fund Police BUT he needs to go back to Slick Willie when he quickly pivited back to the center when he realized his progressives and wackos in the party had no concept that in the end its almost always all about the economy stupid. Outside a miracle Biden may not even make one full term.
There are valid grounds for Bidens removal if the new Congress in November wishes to pursue it.
 
Biden and Company are going to put us into a World Wide Depression - He is like a teenager at a High School Pep -Rally --Its not going to be good :)

Then his State of Disunion is like Pie in the Sky theatrics......."lets solve world hunger"...applause...lets vaccinate everyone, even 3rd world countries...applause, lets give education to anyone who wants it...applause....lets solve homelessness....applause.

No plan or solutions presented, just pie in the sky dreams. Of which the liberals are so proud.

If Trump was in charge and Russia invaded Ukraine, he'd be nailed to a cross on the white house lawn right now, But not "Free Pass Joe".
 
he needs to go back to Slick Willie when he quickly pivited back to the center
Bill Clinton had a mastery of the political. That's how he managed to get to the presidency. Yes, he wanted some things he didn't get. But Biden nor even Bill's insignificant other have the ability to not "joist the windmills". Bill made a deal. He got with congressional leaders in 94 when the election went against him. and they worked out a deal so that Bill was able to claim victory. "Workfare" and funding police came out of that effort. He got some little piece of what he wanted and the Republicans got some little piece of what they wanted. Since then, neither R nor D seem willing to compromise. My way or the highway. And the Ds tolerated the radical socialists in the party never realizing that as weary of the neocon Reps that the Tea Party was, the "normal" Ds did not want Bernie but they would vote for him as a protest against the direction of the party.

Bernie scared them this time. The DNC thought allowing a non-Democrat socialist run on the Democrat ticket would "prove" that the Ds were centrists after all. In fact, Bernie drew votes from not just the radical left, but from dis-enfranchised college students, and a huge protest vote against the present DNC management. And he darn near won it only to be beaten by a concerted effort to push other voices back and go with good old tried and trite Joe. It worked to a point but Joe - enfeebled as he was, had to turn left to keep the Bernie bros happy. So we get the anti-oil movement in full swing when the obvious is over-looked.
1. CO2 may or may not be the cause of global warming
2. Methane and CO2 are tiny amounts of the gases called "greenhouse" gases. The biggest by far is water vapor
3. None of the models work...most predict a slow warming until a "breaking point" (that no one knows can happen let alone will) where we reach some climate tipping point.
4. The world was much warmer at least 3 times during the last 4,000 years. And the north pole has been ice free before.
5. A warmer world may, in fact, be a benefit. Why is it a given that it is "bad"?
6. By the IPCCs own admission, "climate change" has not increased flooding, forest fires, nor has it raised the ocean levels. These are all predicted future events...that may never happen.

We have proven oil reserves for decades to come. The transition to a different fuel is in the future. Wind and solar are not "renewables" rather they are "intermittent" sources of power as Marine LePen so cleverly put it. A slow transition allows time to adjust to the cost, to reduce the cost, and predict the cost of such an energy transition. Nuclear power almost certainly has to figure into that equation.
 

Gas prices surge again; expected to keep rising​


CLEVELAND (WJW) – The price of gas has made another surge, and it’s expected to keep rising.


The national average is $3.72. In Ohio, prices are slightly lower at $3.62, up 8 cents from Wednesday.


Nationally, the price of gas has increased by 18 cents in a week. In Ohio, gas prices are up 30 cents from a week ago.


happy days are here again :rof:
:rof: :rof:
 
Louisiana Light crude is almost $115 a barrel. I bet we hit the $2 a gallon above January 20, 2021 price in a matter of days..
In 2020, as the economy rebounded, oil prices would have increased. They would have NOT increased by double and triple. And we would still be producing more oil than we consume domestically. On the day Biden became president, this was the price of gasoline average for the USA - $2.379/gallon.
Scouts honor - this is the November 17, 2020 price I paid in Vinita, Oklahoma. I took the picture because most gasoline was about 30¢ higher at the time, but this station was cheapest in the area.
1646326405162.png
 
1646361306620.pngNG is $360 per BOE-

What is BOE? While the BTU content of NG is variable about 6 MCF to 8 MCF to the equivalent of 1 barrel of oil's energy....so somewhere about $60 per thousand cubic feet of gas at standard pressure and temperature (room temperature and pressure basically) Here in the US last year it was selling for $2 an MCF at the wellhead and the consumer was paying about $20 per thousand. NG is $5 or more here now, so thank your lucky stars. Imagine your gas bill at 12x that of a European. I promise you, most of them sleep without any heat at night sleeping and very little in the day and evening.
 
Now they are talking boycotting Russian oil imports. If they do we are going straight into recession mode via a inflationary wage price spiral.
 
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