Posted on 07/28/2023 8:32:47 AM PDT by ChicagoConservative27
Just buy an EV. Problem solved! /sarc
Much of what is happening that is bad will be blamed on climate change, which of course, is meant to condemn capitalism and Republicans. Vote Democrat! is the underlying message of all these garbage stories.
You could argue that Biden admin policy has hindered the increase in US oil production, but it is still headed back up to the 2019 record and may exceed it this year.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M
The US President has a great effect.
In part by his policy vs US production, but that is not fully under his control, there are lots of extraneous factors, especially global prices.
In larger part through his ability (not every President or his admin can actually make this work) to diplomatically influence other producers, critically the Saudis.
The United States still produces more oil than any other country and is now producing ~12,000,000 barrels a day.
However, Saudi Arabia has cut production but with the price of oil increasing, other OPEC nations will increase production and that will decrease the price.
Up 15¢ in the past week where I live (upstate NY).
Thank God that fuel isn’t figured into the engineered inflation figure. Otherwise, we’d be toast!
How’s that embargo going Joey? The EU price cap on Russian oil was $60....we’re at $80
“The more fuel-efficient premium gas”
Not for most cars, and the increased fuel efficiency of high-compression engines that require it doesn’t fully offset its increased price.
High compression engines are for more power per engine weight, not for lower operating costs.
If premium gas was the efficiency champion, we wouldn’t have regular gas.
“It’s almost like it’s done on purpose.”
LOL! OPEC has been influencing prices since 1960.
Only because we let them. OPEC was hardly a thang when Trump was prez.
Well, there’s always the Strategic Petroleum Rese.......... Oh. Never mind. Besides, it was only a few days worth.
Thanks groper Joe for shutting down everything good about America....you POS!!
"I know more about oil markets than you do, Jack! So stop being a dog-faced pony soldier!"
I prefer to win both battles.
"Prices at the pump in the US hit an eight-month high this week — boosted by the increased cost of crude oil as producers slash output."
"According to roadside assistance company AAA, as of Friday, the average national gas price is $3.73 per gallon for regular gas
— up 20 cents from last month’s average.
The more fuel-efficient premium gas, meanwhile, has surged to nearly $4.50 — also a 20-cent increase from June."
"California’s average is the highest, at $4.95 per gallon of regular gas.
In counties like Mono, for example, located just outside Yosemite National Park,
the price per gallon has soared to an eye-watering $6.05, according to figures by AAA."
(From another NY Post article posted 6/23) :
“The voluntary cut is on top of a broader deal by the Organization of the Petroleum Exporting Countries
and allies including Russia to limit supply into 2024 as the OPEC+ producer group seeks to boost flagging oil prices.
OPEC+ pumps about 40% of the world’s crude and has cut its output target by a total of 3.66 million bpd, amounting to 3.6% of global demand.”
Our voters, legislators, and governor decided a while ago that companies involved in the production, supply, or sale of energy in Washington state must purchase state "Carbon Credits."
Although I am confused about who buys and sells these Credits, it appears (in news accounts) that Washington state has already received more than $500 million in Carbon Credit cash.
I am guessing the state is selling Carbon Credits to traders and speculators who are creating a market place for Credits.
The state is "investing" this revenue in Green Energy projects. Their current favorite is a local company that is refining Green aviation fuel (betcha can't wait to fly on those planes, right!).
Washington state government is also in a sudden state of political panic because non-Green energy companies are passing the cost of Carbon Credits directly onto Washington state consumers (thus, our super expensive gas)!
The governor has ordered (without any legal authority) that non-Green energy companies must allow state auditors to examine their financial accounts to see if they are colluding with other non-Green energy companies.
The Seattle Times and King County TV news stations do such pitiful reporting on this issue that no one in the general public understands exactly what is happening.
Nah, that eye-watering is tears of joy. Why? Because the gas pumps haven't had to add an extra digit to the price banners.
Yet.
Do y'all remember when the price of gas exceeded $0.99 in 1980, and suddenly all the pumps had to add another digit for the "dollars" amount?
You just wait. $10/gal gas is coming, all too soon.
Then your eyes will be watering with tears of rage, but you won't be able to do d@mned thing except cough it up.
Thanks, that made me smile on a day that has been difficult to smile much.
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