Gas

I'm with you guys lol, I just hit the ignore button myself for the very first time ever. I know he loves to "debate" and is always right, but this is ridiculous with all the incoherent rambling and "facts".

Jim sounds like a smart guy and he knows the truth of why it's all happening, what/who has driven it, and how/why. He continues to spread propaganda, half truth (his facts), and lies. In this climate I lost patience for this kind of nonesonse a long time ago. I'm glad some of you are a lot better person than I am to continue to humor him and try to "hear his side", but there's no trust left for this kind of I'm always right thinking, you're always wrong.

It's like listening to a CNN, or MSNBC anchor, the view, or even ol Jen Psaki. It takes a special kind of person to spread this, and that's not a compliment 😂 .

Reminds me of the part in Billy Madison
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This is the most accurate…I swear the left teaches it because they all do it. Actually add in virtue signaling and you have it all.
I'm starting to see it done on the right too. Bad habits rub off I guess. It dimishes the ability to have a thoughtful, knowledge filled discourse. Bad for everyone IMO.
 
I'm burning $600 a day in diesel which a little gets past on. I'm bringing home less but still worth going to work. My son started mowing lawns and I'm teaching him operating costs. Commercial customers fine but the retired old ladies it's tough. $26 to fill 3/4 of the rider
 
Please provide any evidence whatsoever that anyone other than transCanada invested in the pipeline. Everything I can find says that it was transCanada alone. They received no money from US oil companies,

No one is stopping anyone from drilling. You can't say no one is drilling oil is because Biden is mean and they don't want to and then say they aren't being aloud to drill oil. Its one or the other. Why are we having this conversation? We don't produce more than we need because in 2020 oil tanked and we stopped pumping oil and we have not brought many of those wells back on line and no one is stopping them from bringing them back online. I think that is well established at this point. Also, US oil companies have no desire to pump more oil right now.

Am I missing something here with the whole oil independence thing? If we produce ten times the amount of oil that we need, are we going to be paying less for oil than what it is going for on the world market? Seems like even if we produce all of the worlds oil, if its going for $120 a barrel on the market, thats what we are going to pay. In other oil producing countries, its not that way because the oil companies are state owned but our companies are privately owned and we are a free market country so that does not happen here. We pay the same as everyone else regardless of how much we produce.
Think your missing the pint I'm making. I never said anyone in the US lost money. Doesn't have to be to make my claim true.
People invested millions into something the government shut down and they lost that money. Money is world wide. Just like oil production. Jim you can't have it both ways. You can't blame Russia for high oil then say it was Canadian oil for the xl pipeline so it wouldn't matter. I'm talking global supply and investment. Which the US has a big impact on.
Do you really believe what you are saying? If we produce more oil that drives the supply up and price down. Simple supply and demand. That model has always been true and accurate. So yes if we produce more oil then the countries that rely solely on oil for gdp. Must drop the price to and you supply to try and win market share back.
Again I feel like you are not looking at it as a global market. OPEC has done just that very thing in the past to the USA. We started pumping so they cranked up production flooded the market and drive prices so low it wasn't worth us companies time to jump through regulation.
 
Think your missing the pint I'm making. I never said anyone in the US lost money. Doesn't have to be to make my claim true.
People invested millions into something the government shut down and they lost that money. Money is world wide. Just like oil production. Jim you can't have it both ways. You can't blame Russia for high oil then say it was Canadian oil for the xl pipeline so it wouldn't matter. I'm talking global supply and investment. Which the US has a big impact on.
Do you really believe what you are saying? If we produce more oil that drives the supply up and price down. Simple supply and demand. That model has always been true and accurate. So yes if we produce more oil then the countries that rely solely on oil for gdp. Must drop the price to and you supply to try and win market share back.
Again I feel like you are not looking at it as a global market. OPEC has done just that very thing in the past to the USA. We started pumping so they cranked up production flooded the market and drive prices so low it wasn't worth us companies time to jump through regulation.
Russia produces oil today. Practically every country in the world at one point was buying russian oil. Russia produces 10% of the worlds oil supply. The xl pipeline does not produce oil. It moves it and it is not in production today. If it were in production, it would move less than 1% of the world's oil. Again, move it not produce it. The oil that it would have moved will still be produced and moved another way. Russia has an affect on supply and demand. The xl pipeline does not. The 2 are in no way similar.

I never said if we produce more oil, it would not drive the price down. I said we pay whatever the market rate is regardless of how much we produce so even if we were to produce all the worlds oil, we will still pay whatever the market will bare. We don't get a discount because it came from here. The US alone cannot drive the price of oil back down to what it was pre-pandemic. It can lower it considerably but not cut the price of oil in half. Of course, they are not doing it because they don't see the need because they are making more money than they ever have before by not producing more oil. We were not the only ones who reduced the production of oil. Other oil producers would need to start producing more as well which is why the administration has been trying to get them to up their productions. Also, if other oil producers start producing more, it could trigger US oil companies to start producing more oil.
 
Jim, do you think the president campaigning on shutting down drilling on US public lands has anything to do with oil companies not investing in drilling right now?

Also, when a republican wins in 24, and they start drilling day 1, will that be a coincidence?
I would say they are not happy about it. I would say that it is not playing a major role in the fact they are not producing more. I would say historical level profits are playing a much bigger role. If they don't start drilling more on day 1, would that be a coincidence?

According to the dallas federal reserve when they polled oil executives, 60% said "investor pressure to maintain capital discipline", 11% cited environmental, social or governance issues; 8% said they had difficulty getting financing; 6% said government regulations and 15% cited other reasons.
 
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Jim, do you think the president campaigning on shutting down drilling on US public lands has anything to do with oil companies not investing in drilling right now?

Also, when a republican wins in 24, and they start drilling day 1, will that be a coincidence?
Tony, life is a lot more pleasant if you just block him . Remember what Bean says about arguing with stupid people!
Maybe if enough people block him the moderators will toss him off the site. He adds nothing but friction to our otherwise fantastic community we have developed here.
 

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