US Oil Producers Fail to Produce

[Seran]

Oil opened down almost $2 from Monday's closed market trading session and sits at $86.99. Nice!

Oil closed down 0.15% at $86.75 and gas down at $2.42. Nice to see the speculators had a bit of a pipe dream yesterday that disappeared.

[Methais]

Oil closed down 0.15% at $86.75 and gas down at $2.42. Nice to see the speculators had a bit of a pipe dream yesterday that disappeared.

0/10

[Shaps]

Gas:
2020:
What was the average US gas price in 2020?
$2.17 per gallon
U.S. regular retail gasoline prices averaged $2.17 per gallon (gal) in 2020, 44 cents/gal (17%) lower than in 2019 and the lowest annual average since 2016.

2022:
5.299 to 4.009
4.008 to 3.822
3.821 to 3.654
3.653 to 3.425
3.424 to 3.252

https://gasprices.aaa.com/


Yup... seems to be going well. Democrats - create a problem, never fully solve it, then expect people to be happy for the shitty conditions - that aren't as bad as they initially made them, but are still worse than before they got control of shit. Amazing logic.

[Seran]

You're right, we definitely should punish the oil and gas companies for illegal profiteering during a national emergency. What do you recommend? FTC order to separate production and refining? Criminal proceedings? Nationalization like almost every other country in the world?

[Methais]

Gas:
2020:
What was the average US gas price in 2020?
$2.17 per gallon
U.S. regular retail gasoline prices averaged $2.17 per gallon (gal) in 2020, 44 cents/gal (17%) lower than in 2019 and the lowest annual average since 2016.

2022:
5.299 to 4.009
4.008 to 3.822
3.821 to 3.654
3.653 to 3.425
3.424 to 3.252

https://gasprices.aaa.com/


Yup... seems to be going well. Democrats - create a problem, never fully solve it, then expect people to be happy for the shitty conditions - that aren't as bad as they initially made them, but are still worse than before they got control of shit. Amazing logic.

In Seran’s defense, he’s legitimately retarded.

[Tgo01]

Democrats when gas goes from 2 dollars a gallon to over 5 dollars a gallon under Biden: The president doesn't control the price of gas!!!!
Democrats when gas is at 4 dollars a gallon: Biden is the best president ever!!!

[Suppressed Poet]

You're right, we definitely should punish the oil and gas companies for illegal profiteering during a national emergency. What do you recommend? FTC order to separate production and refining? Criminal proceedings? Nationalization like almost every other country in the world?

Sounds like a great idea. Let’s nationalize oil, create a petro state, and use that vast wealth to better the lives of our citizens…right?

Except Venezuela already tried and we have that as a great example of what not to do. Dumb commie Bernie sucking fool..

[Seran]

Democrats when gas goes from 2 dollars a gallon to over 5 dollars a gallon under Biden: The president doesn't control the price of gas!!!!
Democrats when gas is at 4 dollars a gallon: Biden is the best president ever!!!

Only 7% of the world's oil and gas reserves are controlled by non-government controlled entities. Yet supposedly only Venezuela ever tried it. Moron.

[Shaps]

Only 7% of the world's oil and gas reserves are controlled by non-government controlled entities. Yet supposedly only Venezuela ever tried it. Moron.

Maybe that's why the US took over the world as fast as it did? The Government's power curtailed, allowing citizens to be entrepreneurs?

But you know... let's bring back socialism, communism, fascism, and totalitarianism... I'm sure it will work out with this much more "educated" populous.

[Neveragain]

Only 7% of the world's oil and gas reserves are controlled by non-government controlled entities.

Yet it's somehow private oil companies that cause high fuel prices....

Totally logical.