cost of gas

RobGMN

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Jul 1, 2021
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Did I say that?
Logical progression since I mentioned OPEC and you immediately asked if I thought all oil came from the middle east.
But, maybe non-sequiturs are your thing.
 

ThxOne

AudioFreak
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Jun 8, 2018
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Logical progression since I mentioned OPEC and you immediately asked if I thought all oil came from the middle east.
But, maybe non-sequiturs are your thing.
Do you not realize that you also specifically mentioned two middle eastern countries by name? Do you two, Bobby and Rob, know how much crude is produced by the United States? I will help you. As of 2016 almost 15mil barrels daily. Know what rank that is in the world? I will again help you. 1st. So when Biden says no more drilling on Federal lands, no more contracts blah blah blah, we have to buy our crude from elsewhere. This means the cost per barrel of crude is set by, you guessed it, supply and demand which is now under others control because of Biden. Americans still need crude (Demand) Other countries have the crude (Supply) so they (others) can set the price.

So even though we produce the most crude we buy it from other places driving up the price per barrel for the U.S. This is DIRECTLY controlled by this presidential administration. We could just be energy independent (gee, I wonder what president made that happen) and export to other countries. This would also help our national debt.

I guess it is smarter to do it this administrations way huh? Not energy independent, higher national debt, higher fuel and gas prices. Yeah, smart choice.
 

Popwarhomie

Team Lethal Pressure
5,000+ posts
10+ year member
Jan 22, 2010
10,720
2,864
Hate to ruin this wonderful conversation but...

$3.09 for 87.
$3.64 for 93.
 
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RobGMN

CarAudio.com Elite VIP
Jul 1, 2021
3,492
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Do you not realize that you also specifically mentioned two middle eastern countries by name? Do you two, Bobby and Rob, know how much crude is produced by the United States? I will help you. As of 2016 almost 15mil barrels daily. Know what rank that is in the world? I will again help you. 1st. So when Biden says no more drilling on Federal lands, no more contracts blah blah blah, we have to buy our crude from elsewhere. This means the cost per barrel of crude is set by, you guessed it, supply and demand which is now under others control because of Biden. Americans still need crude (Demand) Other countries have the crude (Supply) so they (others) can set the price.

So even though we produce the most crude we buy it from other places driving up the price per barrel for the U.S. This is DIRECTLY controlled by this presidential administration. We could just be energy independent (gee, I wonder what president made that happen) and export to other countries. This would also help our national debt.

I guess it is smarter to do it this administrations way huh? Not energy independent, higher national debt, higher fuel and gas prices. Yeah, smart choice.
I mentioned them by name b/c they happen to not be allies. It makes for a better hypothetical than pitting friends against each other in a bidding war.

Considering you brought up Joe and federal drilling bans, it's interesting that drilling on public lands is actually UP. They say it's on pace to meet levels not seen since the Bush administration.
Or were you perhaps referring to Keystone? The Canadian pipeline that was stopped by the Supreme Court in June of 2020, when Trump was president? Yeah, that happened before Joe was in office. Hard to blame him unless he's a time-traveler.

"supply and demand which is now under others control because of Biden" Supply and demand used to be under control of the POTUS, but that power was given away by Biden? So, who controlled it before he gave it away?
Claiming simple supply and demand is what sets prices disregards where it actually happens: commodities markets. Guess what? Those markets are driven by speculation. YOU could trade in those markets and become a factor in how prices move, as can anyone who is willing and able. It's not a rich man's game.

Then there's this: "Probably the single biggest influencer of oil prices is OPEC, made up of 13 countries (Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, and Venezuela); collectively, OPEC controls 40% of the world's supply of oil"

"even though we produce the most crude we buy it from other places driving up the price per barrel for the U.S."

The US is the biggest producer at 17M barrels/day, yet we can only meet 40% of our own needs internally. That leaves us buying about 8 million barrels a day from other sources. I'll let you guess who those sources might be. The price from those sources is not controlled by Joe or any other US president. Does our demand drive external prices up? Of course it does. So if we want to stop that, we need to cut our demand to match our production capability. Reduce our usage by 60%.

People are bitching about price hikes that they are causing. 'Sounds like a criminal complaining about being jailed for committing a crime.
 

RobGMN

CarAudio.com Elite VIP
Jul 1, 2021
3,492
364

RobGMN

CarAudio.com Elite VIP
Jul 1, 2021
3,492
364
23 gallons of gas to fill my truck up costs more than a six pack of Lagunitas ($10).
Hahaha. Fair enough. I was thinking tourist prices (which actually weren't as bad as I expected during my only visit there a few years back).
 

Slo_Ride

Regulator
5,000+ posts
10+ year member
Oct 15, 2005
33,104
2,859
Oil and gas down again! Let's go Biden!!! Just paid $2.79
 

Slo_Ride

Regulator
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Oct 15, 2005
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ThxOne

AudioFreak
5,000+ posts
Jun 8, 2018
7,507
1,628
I mentioned them by name b/c they happen to not be allies. It makes for a better hypothetical than pitting friends against each other in a bidding war.

Considering you brought up Joe and federal drilling bans, it's interesting that drilling on public lands is actually UP. They say it's on pace to meet levels not seen since the Bush administration.
Or were you perhaps referring to Keystone? The Canadian pipeline that was stopped by the Supreme Court in June of 2020, when Trump was president? Yeah, that happened before Joe was in office. Hard to blame him unless he's a time-traveler.

"supply and demand which is now under others control because of Biden" Supply and demand used to be under control of the POTUS, but that power was given away by Biden? So, who controlled it before he gave it away?
Claiming simple supply and demand is what sets prices disregards where it actually happens: commodities markets. Guess what? Those markets are driven by speculation. YOU could trade in those markets and become a factor in how prices move, as can anyone who is willing and able. It's not a rich man's game.

Then there's this: "Probably the single biggest influencer of oil prices is OPEC, made up of 13 countries (Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, and Venezuela); collectively, OPEC controls 40% of the world's supply of oil"

"even though we produce the most crude we buy it from other places driving up the price per barrel for the U.S."

The US is the biggest producer at 17M barrels/day, yet we can only meet 40% of our own needs internally. That leaves us buying about 8 million barrels a day from other sources. I'll let you guess who those sources might be. The price from those sources is not controlled by Joe or any other US president. Does our demand drive external prices up? Of course it does. So if we want to stop that, we need to cut our demand to match our production capability. Reduce our usage by 60%.

People are bitching about price hikes that they are causing. 'Sounds like a criminal complaining about being jailed for committing a crime.
Whatever you gotta tell yourself.
 

RobGMN

CarAudio.com Elite VIP
Jul 1, 2021
3,492
364
Whatever you gotta tell yourself.
Excellent retort. Truly convinced us all that you really know your stuff!

I remember this idiot that was on TV a lot a while back. He would declare he knew things, and other idiots believed him: "I know more about drones than anybody. I know about every form of safety that you can have."
"I know more about ISIS than the generals do." "I know more about courts than any human being on Earth."

Were you one that believed him, and think the same ploy will work for you?
That would make sense.
 

ThxOne

AudioFreak
5,000+ posts
Jun 8, 2018
7,507
1,628
Excellent retort. Truly convinced us all that you really know your stuff!

I remember this idiot that was on TV a lot a while back. He would declare he knew things, and other idiots believed him: "I know more about drones than anybody. I know about every form of safety that you can have."
"I know more about ISIS than the generals do." "I know more about courts than any human being on Earth."

Were you one that believed him, and think the same ploy will work for you?
That would make sense.
You know you are describing yourself to a T right? To a fuucking T.
 

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