Oil Price Increases After Biden Shuts Down Drilling Permits Again

[Charles West]

Was at the drags in Sonoma this weekend and had a good time but I noticed a lot of guys were in a generally sour mood in spite of the racing and festive nature of the surroundings. If you ask them it's the price of everything connected to the sport, everything has gotten prohibitive from the tires to the fuels. I found out a 42 gallon drum of nitromethane is now almost $2,000 and the RV rental was almost three times what I paid 4 years ago.

 

[Elliott]

Since Al Gore stuck his head out, comparing 'climate deniers' with the killing of school children in Texas....

"Research collected through an alternative assessment by the World Inequality Lab (WIL), led by the Paris School of Economics and University at California at Berkeley......"

"They found that the top 10% of polluters — about 770 million persons — are the climate equivalent of the world’s wealthiest decile responsible for roughly 50% of all emissions — the bottom 50% making up only 12% of the total emissions.

Furthermore, the richest 1% — more than 60 million people making more than $109,000 a year — are responsible for the fastest-growing source of carbon emissions."

The Huge Carbon Footprint of Billionaires - Impakter

Do the wealthy have a larger carbon footprint? How do billionaire contribute to climate change? The answer is more complex than that but with data at

impakter.com

So we now know the real climate criminals are Bill Gates, Al Gore, and Nancy Pelosi, of the world.

 

[Terrel L. Shields]

Biden has staff to write tweets...Eye guist cain't spel gud...
So all you pissons out there try and forget you were paying $1 a gallon LESS when Biden came to office. Drilling will be hampered for some time by supply chain issues and high pipe prices.

Speaking of which I stopped at Office Depot today and bought 3 cans of air to clean my keyboard off.... $9 a can plus with tax. And you have to ask for it and they keep it behind the counter because the dope heads buy it and snort the air (propane? driven) to get high. Geez. Talk about a world gone mad.

 

[Fernando]

OIl prices today around $95 which is good sign inflation will go down.
Walmart stock went down today because their profit margin eaten up by inflation.
Didn't Wall Street anticipated effects of inflation?
If current stocks still haven't considered inflation in their profit expectation, then stocks are still too high now.

 

[OSU Beavers]

 

[Fernando]

Oil price now about $92!
I hope it will go below $90. If get so low, we'll be back buying gas cars.

 

[Zoe]

I just got gas at $3.48 a gallon at Sam’s.

 

[Fernando]

I just got gas at $3.48 a gallon at Sam’s.

That's $2 cheaper than here.
That's how much I was paying two years ago.

 

[glenn walker]

Once traveling goes down by 25% we will see lower gas prices, and as economy sinks into a severe recession , or depression , they may be giving it away. The only problem is if you have no work and no money its all a zero sum game. Forget gas -go grocery shopping and look at other prices nothing is coming down.

 

[Fernando]

Once traveling goes down by 25% we will see lower gas prices, and as economy sinks into a severe recession , or depression , they may be giving it away. The only problem is if you have no work and no money its all a zero sum game. Forget gas -go grocery shopping and look at other prices nothing is coming down.

If we go into depression, interest rates will go down. Refi boom for appraisers.