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Post by Billy John Davy on Aug 28, 2024 8:48:33 GMT -6
that article makes a lot of senseDo you see the stupidity of claiming for 30 years that there is 50 years of oil left? If the guess was correct 30 years ago, then there can only be 20 years left. But its much more than 20 because we keep finding new oil and developing better methods of extraction.
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Post by luvmywammies on Aug 28, 2024 13:35:31 GMT -6
Oil doesn’t run out, it reaches a peak capacity production and slowly declines. All the big oil fields have already been discovered and are in decline. Only finding smaller fields to help meet demand, along with US shale. Conventional oil has already peaked and it in decline now.
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Post by oedipustex on Aug 28, 2024 15:27:40 GMT -6
Oil doesn’t run out, it reaches a peak capacity production and slowly declines. All the big oil fields have already been discovered and are in decline. Only finding smaller fields to help meet demand, along with US shale. Conventional oil has already peaked and it in decline now. No, you are still wrong about that, just as you've been wrong with all your gloomy economic predictions. We have yet to reach peal oil demand, nor peak oil supply. |
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Post by oedipustex on Aug 28, 2024 15:34:33 GMT -6
The problem here isn't an administration making moves, or not making moves, to modulate the price of oil (or gasoline at the pump). The problem is that the Biden administration surrendered our ability to do so, to where we are more at the whims of other oil exporing countries by giving up our energy independence. We control less of our destiny than we did four years ago.
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Post by attackrat on Aug 28, 2024 16:55:14 GMT -6
So what specifically did the Administration do which resulted in lower prices? This administration was planning on releasing millions of gallons from the strategic gas reserve. Have they released millions of gallons from the strategic reserve which has increased the supply and thereby dropped prices? I agree that doing that before an election in order to gain votes would be bad. Is that why sheepdawg has noticed lower gas prices? Seems like it would be very easy to find out. |
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Post by longtimereader on Aug 28, 2024 18:08:48 GMT -6
This administration was planning on releasing millions of gallons from the strategic gas reserve. Have they released millions of gallons from the strategic reserve which has increased the supply and thereby dropped prices? I agree that doing that before an election in order to gain votes would be bad. Is that why sheepdawg has noticed lower gas prices? Seems like it would be very easy to find out. I know oil was released before the last election. This is an odd price drop before a national holiday |
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Post by attackrat on Aug 28, 2024 18:45:37 GMT -6
Have they released millions of gallons from the strategic reserve which has increased the supply and thereby dropped prices? I agree that doing that before an election in order to gain votes would be bad. Is that why sheepdawg has noticed lower gas prices? Seems like it would be very easy to find out. I know oil was released before the last election. This is an odd price drop before a national holiday Of course there are many factors which go into the cost of oil and the price we pay for gas. Tensions in the Middle East have been running high for months. But as time progresses, an Iranian attack on Israel seems less and less likely. Certainly that would put downward pressure on prices. We're in the middle of hurricane season. The lack of storms in the Gulf and Atlantic would certainly put downward pressure on prices. Unlike most everyone else discussing politics, I'm not an expert on oil prices and I am just speculating. Those are two things that immediately stand out to me. The claim is that this is an orchestrated drop in prices by the administration in order to win the upcoming election. I would like to see ANY evidence which supports that. |
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Post by longtimereader on Aug 28, 2024 19:10:42 GMT -6
I know oil was released before the last election. This is an odd price drop before a national holiday Of course there are many factors which go into the cost of oil and the price we pay for gas. Tensions in the Middle East have been running high for months. But as time progresses, an Iranian attack on Israel seems less and less likely. Certainly that would put downward pressure on prices. We're in the middle of hurricane season. The lack of storms in the Gulf and Atlantic would certainly put downward pressure on prices. Unlike most everyone else discussing politics, I'm not an expert on oil prices and I am just speculating. Those are two things that immediately stand out to me. The claim is that this is an orchestrated drop in prices by the administration in order to win the upcoming election. I would like to see ANY evidence which supports that. very suspect timing where you seem to have more trust than many. |
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Post by attackrat on Aug 28, 2024 19:25:55 GMT -6
Of course there are many factors which go into the cost of oil and the price we pay for gas. Tensions in the Middle East have been running high for months. But as time progresses, an Iranian attack on Israel seems less and less likely. Certainly that would put downward pressure on prices. We're in the middle of hurricane season. The lack of storms in the Gulf and Atlantic would certainly put downward pressure on prices. Unlike most everyone else discussing politics, I'm not an expert on oil prices and I am just speculating. Those are two things that immediately stand out to me. The claim is that this is an orchestrated drop in prices by the administration in order to win the upcoming election. I would like to see ANY evidence which supports that. very suspect timing where you seem to have more trust than many. It's not about trust, it is about evidence. I'd like some evidence that the Biden/Harris administration is lowering the prices today. Do you have any evidence to support that position? I've already stated that if it were true, that would be bad. It would be wrong. Do you have any evidence to support this or not? |
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Post by longtimereader on Aug 29, 2024 5:05:15 GMT -6
very suspect timing where you seem to have more trust than many. It's not about trust, it is about evidence. I'd like some evidence that the Biden/Harris administration is lowering the prices today. Do you have any evidence to support that position? I've already stated that if it were true, that would be bad. It would be wrong. Do you have any evidence to support this or not? I had not put any effort in looking for evidence, since I just expect government scumbaggary; especially from the POS Brandon and kneepads administration. But looks like it's just their shitty economy lowing demand. The dropping prices are at least in part due to lower demand, according to GasBuddy, and AAA’s Andrew Gross said last week “the clouds of war overseas are less dark at the moment and the Atlantic is quiet now too, which is taking pressure off of oil prices,” referring to a relative lull in hurricane activity recently www.forbes.com/sites/mollybohannon/2024/08/27/labor-day-gas-prices-could-be-lowest-in-years-and-may-keep-dropping-this-fall/Maybe if POS Brandon and Kneepads were liked more people would be less suspicious. |
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Post by luvmywammies on Aug 29, 2024 5:40:55 GMT -6
Oil doesn’t run out, it reaches a peak capacity production and slowly declines. All the big oil fields have already been discovered and are in decline. Only finding smaller fields to help meet demand, along with US shale. Conventional oil has already peaked and it in decline now. No, you are still wrong about that, just as you've been wrong with all your gloomy economic predictions. We have yet to reach peal oil demand, nor peak oil supply. Ive always been right. The only thing that’s kept this economy this economy from crashing is 30T of printing money since the 2008 crises. And now you are seeing the effects from it with inflation. Adding 3T of debt each year to keep it afloat keeps morons thinking everything is ok. |
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Post by stargatebabe on Aug 29, 2024 6:09:30 GMT -6
I just paid $2.86 a gal. for regular. Gas has gone down $0.35 a gallon in the last two weeks here in N.E. Georgia. Just before a presidential election too. Who'd have thought it?  We're still paying our $3.40/gal for gas but I've noticed that Ohio is always the LAST to see gas prices lowered. |
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Post by arrass on Aug 29, 2024 10:01:16 GMT -6
very suspect timing where you seem to have more trust than many. It's not about trust, it is about evidence. I'd like some evidence that the Biden/Harris administration is lowering the prices today. Do you have any evidence to support that position? I've already stated that if it were true, that would be bad. It would be wrong. Do you have any evidence to support this or not? LTR is a lot like Rudy. He has a lot of theories, but no evidence. |
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Post by longtimereader on Aug 29, 2024 11:32:38 GMT -6
It's not about trust, it is about evidence. I'd like some evidence that the Biden/Harris administration is lowering the prices today. Do you have any evidence to support that position? I've already stated that if it were true, that would be bad. It would be wrong. Do you have any evidence to support this or not? LTR is a lot like Rudy. He has a lot of theories, but no evidence. All my theories on COVID were correct Evidence can be faked But I even posted the "evidence" and theories many would like to believe |
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We're still paying our $3.40/gal for gas but I've noticed that Ohio is always the LAST to see gas prices lowered.