Gasoline Gasoline!!!!!

Surfdog

Duke status
Apr 22, 2001
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Facts Matter: Oil production under Biden is on par with that of Chump.



It's interesting how much Barry increased oil production. Facts Matter.



It's interesting how oil production declined under the Bush's and Clinton.Facts matter.
Ha! Your ^^link^^ proves my point about record higher oil production from late 2018 thru early 2020.

"Oil production in the U.S. in 2021 was on par with 2020 production and exceeded yearly production from 2017-18, data shows." (conveniently dodges the late 2018 thru early 2020 period).

AND....

"Correction (March 14, 2022): This post was corrected to show that crude oil production in Biden’s first year was higher than in (first) two of four years under Trump, not three. The rating is unchanged." :roflmao:

Oil production declined during Bush I, Clinton and Bush II because we were addicted to sucking the Saudi's dry for oil. They were the largest single country producer back then. We had oil here all along, but it was too cheap to pay for new exploration.

Saying oil production in the US in 2021 is on par with Covid destroyed production of most of 2020 is no big claim, by any stretch of the truth. My dog could dig for oil better than any domestic suppliers, when oil was priced at a dollar or even negative price for a bit in 2020.

You were claiming "domestic oil production is at record highs" now, WHERE IS IT?

U.S. Field Production of Crude Oil (1000 barrels per day)
oilproduction.png

So where is all this supposed "record oil production" you keep claiming under Biden admin?

You already had to backtrack to post a link saying "Biden is on par with Trump". Which omits the late 2018 thru early 2020 period I mentioned in my post above. He's "on par" with early months of Trump admin, and that's it.

Notice the production of each prez period. Obama increased during his term, but nowhere near today's production, and actually dropped off in last months of his presidency. Production increased more during Obama's 2nd term due to Repub majorities in Congress, lifting the reigns off of it. Economy was petering out/stagnating during his last 2 years in office. Obamacare was taking its toll.

Trump had production increase steadily too, to actual record production levels in 2019, until Covid-19 destroyed the economy and oil markets with it from May 2020 onward.

Oil production during Biden's term has basically stagnated since taking office, and nowhere near production under Trump admin last 2 years. At least Biden's keeping one of his campaign promise claims (reducing domestic oil production).
 
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Surfdog

Duke status
Apr 22, 2001
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Oil prices consistently well over $100 a barrel do that eventually.

We've never had $100+ a barrel oil stay at these levels and worse, no signs of them going back under $100 in the foreseeable future. You double oil prices and keep them there, gas prices will eventually catch up to that doubling.

And here we are.

And Dems wonder why inflation is skyrocketing not seen in over 40 years (many here too young to experience it).
 

hammies

Rabbitt Bartholomew status
Apr 8, 2006
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Oil prices consistently well over $100 a barrel do that eventually.

We've never had $100+ a barrel oil stay at these levels and worse, no signs of them going back under $100 in the foreseeable future. You double oil prices and keep them there, gas prices will eventually catch up to that doubling.
1655872522468.png
 

Surfdog

Duke status
Apr 22, 2001
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^^ Inflation adjusted prices ^^. Try again. That almost $180+ inflation adjusted spike a barrel price in 2008 was actually $145 or so back then.

And even then.....

"Oil prices fell from a high of $147 in July 2008 to a low of $32.09 in February 2009"

That 2008 oil/gas spike helped cause the housing/banking bubble to burst and crash, but high price didn't last long, and started diving in late 2008. Recessions will do that.

Let's see inflation adjusted GASOLINE prices during Obama compared to today?

Those days of $4.54 a gallon in L.A. during Obama years, would be at least $5.77 in today's dollars after inflation. Still lower than today's gas prices, inflation adjusted. Those $3.85 USA average prices in 2012 would be $4.90 in todays dollars. Again, still much lower than todays USA average gas price.

These are NOT inflation adjusted gas prices, like the oil chart shown above.



In May of 2017, OPEC cut production, and oil prices started climbing, but the USA started increasing production not long after, and prices started to drop thru-out most of 2019 (USA average shows the 2019 drop best). Covid-19 temporarily dropped it further, but re-stabilized before end of 2020.

But once Biden step foot in office and went on with his campaign pledges, it's been up, up and away ever since. With no real sign of relief in sight.
 
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ghost_of_lewis_samuels

Michael Peterson status
Oct 27, 2019
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^^ Inflation adjusted prices ^^. Try again. That almost $180+ inflation adjusted spike a barrel price in 2008 was actually $145 or so back then.

And even then.....

"Oil prices fell from a high of $147 in July 2008 to a low of $32.09 in February 2009"

That 2008 oil/gas spike helped cause the housing/banking bubble to burst and crash, but high price didn't last long, and started diving in late 2008. Recessions will do that.

Let's see inflation adjusted GASOLINE prices during Obama compared to today?

Those days of $4.54 a gallon in L.A. during Obama years, would be at least $5.77 in today's dollars after inflation. Still lower than today's gas prices, inflation adjusted. Those $3.85 USA average prices in 2012 would be $4.15 in todays dollars. Again, still much lower than todays USA average gas price.

These are NOT inflation adjusted gas prices, like the oil chart shown above.



In May of 2017, OPEC cut production, and oil prices started climbing, but the USA started increasing production not long after, and prices started to drop thru-out most of 2019 (USA average shows the 2019 drop best). Covid-19 temporarily dropped it further, but re-stabilized before end of 2020.

But once Biden step foot in office and went on with his campaign pledges, it's been up, up and away ever since. With no real sign of relief in sight.
which campaign pledges have been fulfilled and which led to the price rises tho?
 

afoaf

Duke status
Jun 25, 2008
40,853
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So was demand DumDum.
now go one step further with the thought and you'll realize how foolish your argument is

they just keep running their mouths and flooding the zone with noise, but ZERO POINT ZERO acknowledgement of this data

typical zero integrity clowns

1655910885762.png
 

Surfdog

Duke status
Apr 22, 2001
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Oceanside,CA
I've already explained the reason for gas prices continuing to go up, after "roughly" following that misleading little snippet of time window going back to only Jan 2022. That's a blink in the eye to actual oil/gas price trends the last 40 years.

As I said, the price separation on that chart above is due to oil going up well past $100 a barrel, and STAYING THERE since late Feb 2022. If the spike was temporary and dropped back well below $80-$90, LIKE IT USUALLY HAS DONE, the last 40 years, gas prices wouldn't have a reason to keep going up.

But with Biden's current agenda of pulling back future prospects for oil in the USA, there's little to NO reason to see oil prices come back down anytime in the near and distant future. So, gas prices will now catch up to oil prices, which have basically doubled since Biden's anti-oil agenda was put in play. Keep oil prices unreasonably high? Gas prices will soon (and have) follow.

Along with everything that is even remotely made, touched or delivered with petrol products.

This is asleep at the wheel Joe's grand plan to "transition" us to solar and wind. :foreheadslap:

Meanwhile causing huge inflation not seen in 40 years, and a highly likely recession, if not already in one.
 
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ghost_of_lewis_samuels

Michael Peterson status
Oct 27, 2019
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I've already explained the reason for gas prices continuing to go up, after "roughly" following that misleading little snippet of time window only back to only Jan 2022. That's a blink in the eye to actual oil/gas price trends the last 40 years.

As I said, the price separation on that chart above is due to oil going up well past $100 a barrel, and STAYING THERE since late Feb 2022. If the spike was temporary and dropped back well below $80-$90, LIKE IT USUALLY HAS DONE, the last 40 years, gas prices wouldn't have a reason to keep going up.

But with Biden's current agenda of pulling back future prospects for oil in the USA, there's little to NO reason to see oil prices come back down anytime in the near and distant future. So, gas prices will now catch up to oil prices, which have basically doubled since Biden's anti-oil agenda was put in play. Keep oil prices unreasonably high? Gas prices will soon (and have) follow.

Along with everything that is even remotely made, touched or delivered with petrol products.

This is asleep at the wheel Joe's grand plan to "transition" us to solar and wind. :foreheadslap:

Meanwhile causing huge inflation not seen in 40 years, and a highly likely recession, if not already in one.
but what is one thing that the biden administration has actually done to cause the price raises. You seem to be referencing high level talking points related to the administration but not actual things that have happened.
 

afoaf

Duke status
Jun 25, 2008
40,853
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I've already explained the reason for gas prices continuing to go up, after "roughly" following that misleading little snippet of time window going back to only Jan 2022. That's a blink in the eye to actual oil/gas price trends the last 40 years.

As I said, the price separation on that chart above is due to oil going up well past $100 a barrel, and STAYING THERE since late Feb 2022. If the spike was temporary and dropped back well below $80-$90, LIKE IT USUALLY HAS DONE, the last 40 years, gas prices wouldn't have a reason to keep going up.

But with Biden's current agenda of pulling back future prospects for oil in the USA, there's little to NO reason to see oil prices come back down anytime in the near and distant future. So, gas prices will now catch up to oil prices, which have basically doubled since Biden's anti-oil agenda was put in play. Keep oil prices unreasonably high? Gas prices will soon (and have) follow.

Along with everything that is even remotely made, touched or delivered with petrol products.

This is asleep at the wheel Joe's grand plan to "transition" us to solar and wind. :foreheadslap:

Meanwhile causing huge inflation not seen in 40 years, and a highly likely recession, if not already in one.
all those words and you continue to ignore the glaring point....gas prices are decoupled from the underlying commodity prices

you make it sound like this is a thing

it's never been a thing like this

that's the fkn point

still with your stupid straw man arguments....you've been debunked over and over and over again and you just never learn. you just keep going back to barfing up the same tired tropes
 

ghost_of_lewis_samuels

Michael Peterson status
Oct 27, 2019
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How about just these actions, policies and agendas for starters...............

(in case you missed it a few pages back)



Ya, these are all pro oil actions/agendas that would keep oil/gas prices from skyrocketing. :foreheadslap:

And with them, inflation not seen in many adult lifetimes here.
much of the stuff in that tweet is irrelevant.

seems like a much more simple supply / demand question at the moment.
 

afoaf

Duke status
Jun 25, 2008
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Do you deny such regulations exist or are you just playing games?
answers a question with a question

producers are sitting on tons of unused leases

Biden has sold the most new leases of any president

production was high up until covid....then they ratcheted down production to control prices (profits)

this fact has been repeatedly and credibly established

talking about non-specific regs that will magically make producers produce more is more idiotic fantasizing that ignores the fact that producers are not currently even operating at capacity and overtly stated they were going to reduce output post-covid to recover profits lost during the pandemic

and here's the idiots repeating the same debunked nonsense over and over and over again because feelings
 

ghost_of_lewis_samuels

Michael Peterson status
Oct 27, 2019
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Do you deny such regulations exist or are you just playing games?
I genuinely do not know which policies prevent producers from ramping up supply.

I believe that in order to lower demand and prices if polices did exist that prevented increased production they would have been discussed by the admin or congress at this point.
 
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