Things that you have taken seriously today (Political version)

[Seran]

Uncontrolled speculation has oil prices up 50% from the beginning of the year and natural gas up over 100%. Per the EIA website, the United States is exporting massive amounts of crude and refined products, the amount of exports of propane are up massively from ten years ago. Meanwhile days of supply in the United States still exceeds the twenty year average.

With inflation scouring Americans pocket books, one can't help but realize how massively the cost of gasoline and petroleum byproducts effects the cost of things. We know according to the EIA that production is at a twenty year high, we know stocks of crude and crude products exceed twenty year averages. All the while global demand is projected to DECREASE next year. And yet US oil producers have intentionally idled oil production, have intentionally idled US refineries.

This folks is pure stock market speculation, resulting in massive profit taking by the oil companies who have idled large amounts of American production. All at the cost to the American people.

Biden has named replacements to the Commodities Futures Trading Commission and has promised to undo the gutting of their budget by Trump. Confirming Biden's CFTC nominees needs to be a priority as soon as Republicans stop trying to cause our nation to default.

https://www.eia.gov/dnav/pet/pet_sum...dcus_nus_w.htm

https://www.eia.gov/outlooks/steo/report/global_oil.php

https://www.bloomberg.com/news/artic...mocratic-seats

[Tgo01]

Uncontrolled speculation has oil prices up 50% from the beginning of the year and natural gas up over 100%. Per the EIA website, the United States is exporting massive amounts of crude and refined products, the amount of exports of propane are up massively from ten years ago. Meanwhile days of supply in the United States still exceeds the twenty year average.

With inflation scouring Americans pocket books, one can't help but realize how massively the cost of gasoline and petroleum byproducts effects the cost of things. We know according to the EIA that production is at a twenty year high, we know stocks of crude and crude products exceed twenty year averages. All the while global demand is projected to DECREASE next year. And yet US oil producers have intentionally idled oil production, have intentionally idled US refineries.

This folks is pure stock market speculation, resulting in massive profit taking by the oil companies who have idled large amounts of American production. All at the cost to the American people.

Biden has named replacements to the Commodities Futures Trading Commission and has promised to undo the gutting of their budget by Trump. Confirming Biden's CFTC nominees needs to be a priority as soon as Republicans stop trying to cause our nation to default.

https://www.eia.gov/dnav/pet/pet_sum...dcus_nus_w.htm

https://www.eia.gov/outlooks/steo/report/global_oil.php

https://www.bloomberg.com/news/artic...mocratic-seats

Every fucking time. EVERY fucking time gas prices sky rocket under a Democrat people jump on the “oh it’s the speculators that are causing the price increase!”

Anytime gas prices go up during a Republican, even if it’s just a few pennies, the Democrats and media scream about what failures the Republican president is.

Biden has practically declared war on domestic oil producers and is reimplementing many of the costly regulations that Trump rolled back. Stop defending Biden as he literally makes your life and the lives of poor people even worse with his dumb crusade against American companies.

[beldannon5]

Biden does seem to be screwing us without lube. What do i know though. I do know the pipeline was stopped, i do know gas prices are very high. I do know the Raiders are 3-0

[Seran]

Every fucking time. EVERY fucking time gas prices sky rocket under a Democrat people jump on the “oh it’s the speculators that are causing the price increase!”

Anytime gas prices go up during a Republican, even if it’s just a few pennies, the Democrats and media scream about what failures the Republican president is.

Biden has practically declared war on domestic oil producers and is reimplementing many of the costly regulations that Trump rolled back. Stop defending Biden as he literally makes your life and the lives of poor people even worse with his dumb crusade against American companies.

Let's just go through some of the idiot things you've said: Everything.

Precisely what has been rolled back by Biden that made things easier for domestic crude producers? Oil production exploration credits still exist, expert of oil wasn't curtailed, fracking remains largely unregulated (still).

In the meantime, America produces more oil than it consumes and offloads a great deal more of its domestic oil and imports lighter crude for easier refining. Oil producers are swimming in producing oil pads and are enjoying a 100% increase in oil price, so much so they have idled wells to maintain a lean supply. Second, as so many oil producers are also downstream oil refiners, by artificially limiting supply of crude and resulting distillates, they've maintain massive price spikes. The EIA can show you by week just how much idled production there is and just how high the spread is on refining. Not that you've ever pursued data to support your positiins.

[Seran]

Biden does seem to be screwing us without lube. What do i know though. I do know the pipeline was stopped, i do know gas prices are very high. I do know the Raiders are 3-0

Piped oil was for export,
An existing set of pipelines already transports Canadian crude,
Gas prices were high beginning with Trump,
The Raiders won't win their division.

[Tgo01]

Piped oil was for export

Christ almighty. Do you have even a single clue of how things work?

Gas prices were high beginning with Trump

That's funny, I remember gas prices being around 2 dollars when Biden snaked his way into the White House.

[Parkbandit]

Please educate yourself.

HAHAHAHHAHAHAHAHAHAHAHAHA.

Sorry.

Hahahahahahaa.

hahaha.

haha.

Someone sees a title opening... way to step it up

[Parkbandit]

Piped oil was for export,

Please take a beginning Economics course. Just learn Supply/Demand.

Gas prices were high beginning with Trump

Gas prices are currently higher than anytime during the the time of President Trump.

Try again?

[Gelston]

Gas prices were high beginning with Trump,

This is 100% false. Do you even check your facts? Gas prices during the PResidency of Trump were some of the lowest gas prices, when taking in account inflation, in the human history of gas being sold. It was actually too low, and costing oil field industry workers their jobs.

[Methais]

Let's just go through some of the idiot things you've said: Everything.

Precisely what has been rolled back by Biden that made things easier for domestic crude producers? Oil production exploration credits still exist, expert of oil wasn't curtailed, fracking remains largely unregulated (still).

In the meantime, America produces more oil than it consumes and offloads a great deal more of its domestic oil and imports lighter crude for easier refining. Oil producers are swimming in producing oil pads and are enjoying a 100% increase in oil price, so much so they have idled wells to maintain a lean supply. Second, as so many oil producers are also downstream oil refiners, by artificially limiting supply of crude and resulting distillates, they've maintain massive price spikes. The EIA can show you by week just how much idled production there is and just how high the spread is on refining. Not that you've ever pursued data to support your positiins.

You might be a bigger cuck than cwolff. And that's no easy feat.