Drill Baby Drill

Started by Hobby, Nov 10, 2024, 03:28 PM

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Hobby

What is Trump talking about?  The US is already setting new production records.  If oil is over produced then the price per barrel may fall to where it isn't profitable to drill.  Trump will inherite an economy far better than Trump left Biden.  So let's make note now where the economy is right now so when Trump starts bragging how good he made the economy in 6 months after taking office we don't forget what he started with.  I am curious to see if will cut energy and food prices or was he just blowing smoke...
Hobby

Hobby

I know Biden was critized for tapping into our oil reserves but what good does do for millions of barrels of oil to sit in a tank? That just ties up a resource when it is really needed.
Hobby

HighStepper

Trump has a "bumper sticker" mentality. He doesn't do in-depth analysis.
The United States has been producing more crude oil than any other country. The US has been able to increase production even as drilling activity has declined because new wells are more efficient.

Oldie but goodie from the past. For people that like reruns.
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Too much sex is still not enough.

Danno

The oil industry has 7,000 permits to drill now. They choose not to.
Just tap me on the head if I overstay my welcome

HighStepper

Quote from: Danno on Nov 10, 2024, 08:54 PMThe oil industry has 7,000 permits to drill now. They choose not to.
More facts that show Trump has no idea what he is talking about...he is a showman entertainer.
Too much sex is still not enough.

bats

Quote from: HighStepper on Nov 10, 2024, 09:03 PMMore facts that show Trump has no idea what he is talking about...he is a showman entertainer.
I ran into this video from five years ago. On Joe Rogan's show, Penn Jillette discusses his experience appearing on the set of "The Apprentice." It's pretty interesting...


Romanticlover

The Dow has been going up and the price of crude oil has been going down since last Tuesday, cheap gas is good for everyone except here in Cali where the idiot CARB voted Friday to raise taxes on fossil fuel.
Are we having fun yet?

Danno

gas will never be cheap in California, supply and demand
Just tap me on the head if I overstay my welcome

HighStepper

Quote from: Danno on Nov 11, 2024, 10:29 AMgas will never be cheap in California, supply and demand
California's gasoline prices are influenced by supply and demand, state taxes, environmental regulations. Currently California gas is around. $4.68 per gallon. Compared to some European countries where gas is around $7.00 per gallon.
Too much sex is still not enough.

bats

Quote from: Danno on Nov 11, 2024, 10:29 AMgas will never be cheap in California, supply and demand
Cheap gas and forever altering the climate by burning fossil fuels is a fundamental human right!

Hobby

Gas here in Pahrump is under $3 per gallon.  This is really good for our community because there are a lot of people that commute to Las Vegas to work and helps to draw in professionals doctors etc to work in Pahrump.  Pahrump is 50 to 80 miles from Vegas depending on where you live and work.  So I don't see gas prices dropping much lower here.

In California they have the fuel tax.  So Calif taxes on what you earn and taxes you on driving to work.  This should be unconstitutional. 
Hobby

Danno

In California there is about 70 cents that is added by the oil companies because they can. Only state that has the Big Name station much high than Arco across the street. Strange.
Just tap me on the head if I overstay my welcome