Current Events > I paid $5.10 per gallon gas today

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CrimsonAngel 06/07/22 4:29:50 PM #1:	Thanks, Biden --- https://i.imgur.com/5AWjPWT.png <cite>CrimsonAngel posted [p:965621760] in I paid $5.... [t:80048732]...</cite> <quote>Thanks, Biden </quote> ... Copied to Clipboard!
wackyteen 06/07/22 4:31:22 PM #2:	Gas was $4.15 last week Now it's $4.55 Thanks oil companies --- The name is wackyteen for a reason. Never doubt. <cite>wackyteen posted [p:965621806] in I paid $5.... [t:80048732]...</cite> <quote>Gas was $4.15 last week Now it's $4.55 Thanks oil companies </quote> ... Copied to Clipboard!
HylianFox 06/07/22 4:33:25 PM #3:	That's pretty low --- THIS SPACE INTENTIONALLY LEFT BLANK Do not write in this space. <cite>HylianFox posted [p:965621851] in I paid $5.... [t:80048732]...</cite> <quote>That's pretty low </quote> ... Copied to Clipboard!
AngelsNAirwav3s 06/07/22 4:40:00 PM #4:	Oil is $120/bbl what do you expect --- Hello world! <cite>AngelsNAirwav3s posted [p:965622001] in I paid $5.... [t:80048732]...</cite> <quote>Oil is $120/bbl what do you expect </quote> ... Copied to Clipboard!
_BlueMonk 06/07/22 4:40:56 PM #5:	Biden on the phone today with Exxon execs: "So tomorrow raise it to $5.12. That'll teach em." --- JISOO JISOO <cite>_BlueMonk posted [p:965622027] in I paid $5.... [t:80048732]...</cite> <quote>Biden on the phone today with Exxon execs: "So tomorrow raise it to $5.12. That'll teach em." </quote> ... Copied to Clipboard!
wackyteen 06/07/22 4:42:51 PM #6:	_BlueMonk posted... Biden on the phone today with Exxon execs: "So tomorrow raise it to $5.12. That'll teach em." More like "keep the pressure to til September then drop it like a rock so dems look good for November" /s --- The name is wackyteen for a reason. Never doubt. <cite>wackyteen posted [p:965622068] in I paid $5.... [t:80048732]...</cite> <quote>_BlueMonk posted... </cite> <quote>Biden on the phone today with Exxon execs: "So tomorrow raise it to $5.12. That'll teach em."</quote>More like "keep the pressure to til September then drop it like a rock so dems look good for November" /s </quote> ... Copied to Clipboard!
Laserion 06/07/22 4:42:51 PM #7:	Not there yet. https://gamefaqs.gamespot.com/a/user_image/8/9/9/AABUIxAADUIj.jpg --- There's no "would of", "should of" or "could of". It's "would've", "should've" and "could've". <cite>Laserion posted [p:965622069] in I paid $5.... [t:80048732]...</cite> <quote>Not there yet. https://gamefaqs.gamespot.com/a/user_image/8/9/9/AABUIxAADUIj.jpg </quote> ... Copied to Clipboard!
TendoDRM 06/07/22 4:44:20 PM #8:	HylianFox posted... That's pretty low --- Cel Damage! Tonight at 8:00! <cite>TendoDRM posted [p:965622098] in I paid $5.... [t:80048732]...</cite> <quote>HylianFox posted... </cite> <quote>That's pretty low</quote> </quote> ... Copied to Clipboard!
CrimsonAngel 06/07/22 4:44:41 PM #9:	HylianFox posted... That's pretty low Pretty low of Biden to do this to me. --- https://i.imgur.com/5AWjPWT.png <cite>CrimsonAngel posted [p:965622109] in I paid $5.... [t:80048732]...</cite> <quote>HylianFox posted... </cite> <quote>That's pretty low</quote>Pretty low of Biden to do this to me. </quote> ... Copied to Clipboard!
Solid Sonic 06/07/22 4:46:23 PM #10:	Sell your fucking car. Right now. Stop driving, it's just destroying society. --- Remember kids: whatever doesn't kill you can be used as the basis for a lawsuit and a big settlement. <cite>Solid Sonic posted [p:965622158] in I paid $5.... [t:80048732]...</cite> <quote>Sell your fucking car. Right now. Stop driving, it's just destroying society. </quote> ... Copied to Clipboard!
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The Popo 06/07/22 5:02:04 PM #12:	I paid $5.50 yesterday. Drove by the same station this morning and it was $6.00. --- Live action Hungry Hungry Hippos though, now that was a sport. ~Aeon Azuran <cite>The Popo posted [p:965622547] in I paid $5.... [t:80048732]...</cite> <quote>I paid $5.50 yesterday. Drove by the same station this morning and it was $6.00. </quote> ... Copied to Clipboard!
PrettyBoyFloyd 06/07/22 5:06:21 PM #13:	About $4.55. --- The Evil Republicans - Est.2004 - WoT [Government Destabilizing Branch] <cite>PrettyBoyFloyd posted [p:965622663] in I paid $5.... [t:80048732]...</cite> <quote>About $4.55. </quote> ... Copied to Clipboard!
scorpion41 06/07/22 5:22:36 PM #14:	Gas was in the mid $3 range pushing $4 last time oil was $100+/barrel. Now theyre talking that we might see prices as high as $6 as a national average. Biden picked a bad time to worry about climate change. --- PSN: scorpion_4160 Currently Playing: NCAA 14(PS3) <cite>scorpion41 posted [p:965623055] in I paid $5.... [t:80048732]...</cite> <quote>Gas was in the mid $3 range pushing $4 last time oil was $100+/barrel. Now theyre talking that we might see prices as high as $6 as a national average. Biden picked a bad time to worry about climate change. </quote> ... Copied to Clipboard!
EricDraven59 06/07/22 5:23:47 PM #15:	Anyone remember $2 or less per gallon when trump was in? Yeah.. seems like a dream compared to now <cite>EricDraven59 posted [p:965623081] in I paid $5.... [t:80048732]...</cite> <quote>Anyone remember $2 or less per gallon when trump was in? Yeah.. seems like a dream compared to now </quote> ... Copied to Clipboard!
kinetika_ 06/08/22 5:19:30 PM #16:	I spend $400 a week on gas, sucks for me. <cite>kinetika_ posted [p:965649406] in I paid $5.... [t:80048732]...</cite> <quote>I spend $400 a week on gas, sucks for me. </quote> ... Copied to Clipboard!
DirkDiggles 06/08/22 5:20:05 PM #17:	https://gamefaqs.gamespot.com/a/user_image/7/4/6/AAam6dAADUVy.jpg --- Intel 486, Integrated videocard, 16MB RAM, 64MB HD, 3 1/4 inch floppy <cite>DirkDiggles posted [p:965649423] in I paid $5.... [t:80048732]...</cite> <quote>https://gamefaqs.gamespot.com/a/user_image/7/4/6/AAam6dAADUVy.jpg </quote> ... Copied to Clipboard!
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SamsungGearS2 06/08/22 5:22:48 PM #20:	I can hardly wait for gas to reach $6 here, literally theres a Circle K, Marathon, QTs and two Shells at 5.37, 5.69, 5.39, and 5.89 all on the same block. --- Sent from my iPhone 12/HP Envy x360 on VZW 5G Home Internet CP: WarioWare: Get it Together (NS), Saints Row IV: Re-Elected (PC), Rayman Legends (Wii U) <cite>SamsungGearS2 posted [p:965649501] in I paid $5.... [t:80048732]...</cite> <quote>I can hardly wait for gas to reach $6 here, literally theres a Circle K, Marathon, QTs and two Shells at 5.37, 5.69, 5.39, and 5.89 all on the same block. </quote> ... Copied to Clipboard!
Proto_Spark 06/08/22 5:25:15 PM #21:	... that's $1.35 CDN per Litre. Its $2.10 here (like, 7.95/gallon) wtf are you guys complaining about. <cite>Proto_Spark posted [p:965649562] in I paid $5.... [t:80048732]...</cite> <quote>... that's $1.35 CDN per Litre. Its $2.10 here (like, 7.95/gallon) wtf are you guys complaining about. </quote> ... Copied to Clipboard!
PrettyBoyFloyd 06/08/22 5:27:44 PM #22:	PrettyBoyFloyd posted... About $4.55. Looks like it went up about $0.08. --- The Evil Republicans - Est.2004 - WoT [Government Destabilizing Branch] <cite>PrettyBoyFloyd posted [p:965649628] in I paid $5.... [t:80048732]...</cite> <quote>PrettyBoyFloyd posted... </cite> <quote>About $4.55.</quote> Looks like it went up about $0.08. </quote> ... Copied to Clipboard!
KnightofShikari 06/08/22 5:29:50 PM #23:	i haven't seen any evidence that biden is affecting the global oil prices. also funny that democrats have tried to introduce legislation but all republicans voted against it --- The Earth is round. Two plus two equals four. Joe Biden and Kamala Harris won the 2020 election for President and Vice President of the United States <cite>KnightofShikari posted [p:965649693] in I paid $5.... [t:80048732]...</cite> <quote>i haven't seen any evidence that biden is affecting the global oil prices. also funny that democrats have tried to introduce legislation but all republicans voted against it </quote> ... Copied to Clipboard!
MattcheteGuy 06/08/22 5:30:06 PM #24:	racetrac has buy 1 get 1 for $1 deal on hotdogs, just fyi --- okay <cite>MattcheteGuy posted [p:965649697] in I paid $5.... [t:80048732]...</cite> <quote>racetrac has buy 1 get 1 for $1 deal on hotdogs, just fyi </quote> ... Copied to Clipboard!
kelemvor 06/08/22 5:32:19 PM #25:	scorpion41 posted... Gas was in the mid $3 range pushing $4 last time oil was $100+/barrel. Now theyre talking that we might see prices as high as $6 as a national average. Biden picked a bad time to worry about climate change. Inflation is also calculated into those prices. Also, I don't care what people say, shutting down Keystone XL definitely didn't help. <cite>kelemvor posted [p:965649754] in I paid $5.... [t:80048732]...</cite> <quote>scorpion41 posted... </cite> <quote>Gas was in the mid $3 range pushing $4 last time oil was $100+/barrel. Now theyre talking that we might see prices as high as $6 as a national average. Biden picked a bad time to worry about climate change.</quote> Inflation is also calculated into those prices. Also, I don't care what people say, shutting down Keystone XL definitely didn't help. </quote> ... Copied to Clipboard!
RobertDoback 06/08/22 5:33:54 PM #26:	Joe Brandon at it again --- Don't lose your dinosaur. GregShmedley's alt. <cite>RobertDoback posted [p:965649782] in I paid $5.... [t:80048732]...</cite> <quote>Joe Brandon at it again </quote> ... Copied to Clipboard!
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littlebro07 06/08/22 5:38:09 PM #28:	Its $4.65 at the station nearest my house but $4.30-4.45 everywhere else were right near the rich neighborhood of the town so they probably price it higher thinking most wont bitch about it too much --- https://i.imgtc.com/MGGa6Os.gif <cite>littlebro07 posted [p:965649884] in I paid $5.... [t:80048732]...</cite> <quote>Its $4.65 at the station nearest my house but $4.30-4.45 everywhere else were right near the rich neighborhood of the town so they probably price it higher thinking most wont bitch about it too much </quote> ... Copied to Clipboard!
RobertDoback 06/08/22 5:38:33 PM #29:	kelemvor posted... Inflation is also calculated into those prices. Also, I don't care what people say, shutting down Keystone XL definitely didn't help. God. These vague ass non statements are as dangerous as they are annoying. --- Don't lose your dinosaur. GregShmedley's alt. <cite>RobertDoback posted [p:965649894] in I paid $5.... [t:80048732]...</cite> <quote>kelemvor posted... </cite> <quote>Inflation is also calculated into those prices. Also, I don't care what people say, shutting down Keystone XL definitely didn't help.</quote> God. These vague ass non statements are as dangerous as they are annoying. </quote> ... Copied to Clipboard!
littlebro07 06/08/22 5:52:54 PM #30:	[LFAQs-redacted-quote] also iirc wasnt it just going to move through the US? Like it was from Canada to Mexico? --- https://i.imgtc.com/MGGa6Os.gif <cite>littlebro07 posted [p:965650264] in I paid $5.... [t:80048732]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> also iirc wasnt it just going to move through the US? Like it was from Canada to Mexico? </quote> ... Copied to Clipboard!
JuanCarlos1 06/08/22 5:55:03 PM #31:	scorpion41 posted... Gas was in the mid $3 range pushing $4 last time oil was $100+/barrel. Now theyre talking that we might see prices as high as $6 as a national average. Biden picked a bad time to worry about climate change. As if any impactful legislation regarding climate change has passed. --- Mas dicen, que en las dimensiones de nuestro ser... hay muchos detalles por conocer... <cite>JuanCarlos1 posted [p:965650325] in I paid $5.... [t:80048732]...</cite> <quote>scorpion41 posted... </cite> <quote>Gas was in the mid $3 range pushing $4 last time oil was $100+/barrel. Now theyre talking that we might see prices as high as $6 as a national average. Biden picked a bad time to worry about climate change.</quote> As if any impactful legislation regarding climate change has passed. </quote> ... Copied to Clipboard!
KawiKa 06/08/22 5:57:09 PM #32:	https://gamefaqs.gamespot.com/a/user_image/9/7/2/AABHU3AADUZU.jpg --- This message has been reported to the moderation staff. <cite>KawiKa posted [p:965650380] in I paid $5.... [t:80048732]...</cite> <quote>https://gamefaqs.gamespot.com/a/user_image/9/7/2/AABHU3AADUZU.jpg </quote> ... Copied to Clipboard!
SuperShake666 06/08/22 5:57:13 PM #33:	I still don't get how gas prices are Biden's fault when oil companies posted record profits last quarter. --- "Look, if I was good at math, I wouldn't be on CE at 2:00 the morning clicking on topics about porn stars ****ing horses." - May 2017, Dash_Harber <cite>SuperShake666 posted [p:965650384] in I paid $5.... [t:80048732]...</cite> <quote>I still don't get how gas prices are Biden's fault when oil companies posted record profits last quarter. </quote> ... Copied to Clipboard!
AngelsNAirwav3s 06/08/22 5:58:36 PM #34:	SuperShake666 posted... I still don't get how gas prices are Biden's fault when oil companies posted record profits last quarter. Are companies just not supposed to sell oil at market rate, set by the global commodity price? --- Hello world! <cite>AngelsNAirwav3s posted [p:965650431] in I paid $5.... [t:80048732]...</cite> <quote>SuperShake666 posted... </cite> <quote>I still don't get how gas prices are Biden's fault when oil companies posted record profits last quarter.</quote> Are companies just not supposed to sell oil at market rate, set by the global commodity price? </quote> ... Copied to Clipboard!
TMOG 06/08/22 5:59:10 PM #35:	AngelsNAirwav3s posted... Are companies just not supposed to sell oil at market rate, set by the global commodity price? Do you know the difference between profit and at-cost <cite>TMOG posted [p:965650441] in I paid $5.... [t:80048732]...</cite> <quote>AngelsNAirwav3s posted... </cite> <quote>Are companies just not supposed to sell oil at market rate, set by the global commodity price?</quote>Do you know the difference between profit and at-cost </quote> ... Copied to Clipboard!
Sackgurl 06/08/22 7:27:11 PM #36:	TMOG posted... Do you know the difference between profit and at-cost he does. now his question deserves an answer. scorpion41 posted... Gas was in the mid $3 range pushing $4 last time oil was $100+/barrel. the prices are still closely coupled. you have to discriminate between 'defined trend' and 'single data point' https://www.macrotrends.net/2501/crude-oil-vs-gasoline-prices-chart AngelsNAirwav3s posted... Are companies just not supposed to sell oil at market rate, set by the global commodity price? curious on your take: given the heavy investments that had been made, do you believe in the absence of the Ukraine war, shale output would have been able to ramp fast enough to maintain steady prices in the $70-$90/bbl range? the rising prices pre-war were a consequence of post-COVID demand returning to historical levels, but newly drilled shale wells weren't automatically going into production after about 2017 (understandably, per our prior discussions; there were alternate sources that were more profitable) --- LittleBigPlanet is like merging dress-up with a real game. <cite>Sackgurl posted [p:965652779] in I paid $5.... [t:80048732]...</cite> <quote>TMOG posted... </cite> <quote>Do you know the difference between profit and at-cost</quote> he does. now his question deserves an answer. scorpion41 posted... </cite> <quote>Gas was in the mid $3 range pushing $4 last time oil was $100+/barrel.</quote> the prices are still closely coupled. you have to discriminate between 'defined trend' and 'single data point' https://www.macrotrends.net/2501/crude-oil-vs-gasoline-prices-chart AngelsNAirwav3s posted... </cite> <quote>Are companies just not supposed to sell oil at market rate, set by the global commodity price?</quote> curious on your take: given the heavy investments that had been made, do you believe in the absence of the Ukraine war, shale output would have been able to ramp fast enough to maintain steady prices in the $70-$90/bbl range? the rising prices pre-war were a consequence of post-COVID demand returning to historical levels, but newly drilled shale wells weren't automatically going into production after about 2017 (understandably, per our prior discussions; there were alternate sources that were more profitable) </quote> ... Copied to Clipboard!
Pitlord_Special 06/08/22 7:37:27 PM #37:	Paid $6.09/gal for premium today. Took a look at some the pumps while I was filling up and a lot of them with just small round purchases like 12.00, 15.00 etc. Folks living hand to mouth here. --- Posted from my iPhone 13 <cite>Pitlord_Special posted [p:965653016] in I paid $5.... [t:80048732]...</cite> <quote>Paid $6.09/gal for premium today. Took a look at some the pumps while I was filling up and a lot of them with just small round purchases like 12.00, 15.00 etc. Folks living hand to mouth here. </quote> ... Copied to Clipboard!
Heineken14 06/08/22 7:37:27 PM #38:	kelemvor posted... Inflation is also calculated into those prices. Also, I don't care what people say, shutting down Keystone XL definitely didn't help. It also wouldn't have an impact anyway. --- Rage is a hell of an anesthetic. <cite>Heineken14 posted [p:965653017] in I paid $5.... [t:80048732]...</cite> <quote>kelemvor posted...</cite> <quote> Inflation is also calculated into those prices. Also, I don't care what people say, shutting down Keystone XL definitely didn't help. </quote> It also wouldn't have an impact anyway.</quote> ... Copied to Clipboard!
Heineken14 06/08/22 7:38:51 PM #39:	AngelsNAirwav3s posted... Are companies just not supposed to sell oil at market rate, set by the global commodity price? Well no. They're supposed to sell gas at the price the United States president says too. Guess Biden just forgot that memo, you know, with the obvious signs of dementia and all. --- Rage is a hell of an anesthetic. <cite>Heineken14 posted [p:965653045] in I paid $5.... [t:80048732]...</cite> <quote>AngelsNAirwav3s posted...</cite> <quote> Are companies just not supposed to sell oil at market rate, set by the global commodity price? </quote> Well no. They're supposed to sell gas at the price the United States president says too. Guess Biden just forgot that memo, you know, with the obvious signs of dementia and all.</quote> ... Copied to Clipboard!
RamboCell29 06/08/22 7:41:20 PM #40:	Democrats gonna get creamed in the midterms because of this. Debate all you want about abortion, guns, etc. but if people can't afford fuel and groceries for whatever the reason you're in trouble politically. --- Ron DeSantis/Tim Scott 2024 <cite>RamboCell29 posted [p:965653103] in I paid $5.... [t:80048732]...</cite> <quote>Democrats gonna get creamed in the midterms because of this. Debate all you want about abortion, guns, etc. but if people can't afford fuel and groceries for whatever the reason you're in trouble politically. </quote> ... Copied to Clipboard!
Heineken14 06/08/22 7:52:51 PM #41:	RamboCell29 posted... Democrats gonna get creamed in the midterms because of this. Debate all you want about abortion, guns, etc. but if people can't afford fuel and groceries for whatever the reason you're in trouble politically. What are the Republican policies to address high gas prices and/or inflation? --- Rage is a hell of an anesthetic. <cite>Heineken14 posted [p:965653354] in I paid $5.... [t:80048732]...</cite> <quote>RamboCell29 posted...</cite> <quote>Democrats gonna get creamed in the midterms because of this. Debate all you want about abortion, guns, etc. but if people can't afford fuel and groceries for whatever the reason you're in trouble politically. </quote> What are the Republican policies to address high gas prices and/or inflation?</quote> ... Copied to Clipboard!
Naysaspace 06/08/22 7:54:14 PM #42:	AngelsNAirwav3s posted... Oil is $120/bbl what do you expect What's the 2nd b stand for Its barrel not bbarel. --- https://www.youtube.com/watch?v=XVkE2oJrxM8 <cite>Naysaspace posted [p:965653389] in I paid $5.... [t:80048732]...</cite> <quote>AngelsNAirwav3s posted... </cite> <quote>Oil is $120/bbl what do you expect</quote>What's the 2nd b stand for Its barrel not bbarel. </quote> ... Copied to Clipboard!
nfearurspecimn 06/08/22 7:54:47 PM #43:	black barrel because oil is black gold --- Wake up. You have to wake up. currently a preta/hungry ghost Dai Grepher: I was wrong. My entire theory is incorrect. Zero Mission IS a remake of Metroid. <cite>nfearurspecimn posted [p:965653403] in I paid $5.... [t:80048732]...</cite> <quote>black barrel because oil is black gold </quote> ... Copied to Clipboard!
TMOG 06/08/22 7:54:50 PM #44:	Naysaspace posted... What's the 2nd b stand for BYOBB <cite>TMOG posted [p:965653405] in I paid $5.... [t:80048732]...</cite> <quote>Naysaspace posted... </cite> <quote>What's the 2nd b stand for</quote>BYOBB </quote> ... Copied to Clipboard!
Heineken14 06/08/22 7:57:12 PM #45:	Naysaspace posted... What's the 2nd b stand for Its barrel not bbarel. Big booty liches --- Rage is a hell of an anesthetic. <cite>Heineken14 posted [p:965653466] in I paid $5.... [t:80048732]...</cite> <quote>Naysaspace posted...</cite> <quote> What's the 2nd b stand for Its barrel not bbarel. </quote> Big booty liches</quote> ... Copied to Clipboard!
1337toothbrush 06/08/22 8:05:48 PM #46:	Feels good to drive a plugin hybrid. --- https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg <cite>1337toothbrush posted [p:965653686] in I paid $5.... [t:80048732]...</cite> <quote>Feels good to drive a plugin hybrid. </quote> ... Copied to Clipboard!
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marthsheretoo 06/08/22 8:09:18 PM #48:	EricDraven59 posted... Anyone remember $2 or less per gallon when trump was in? Yeah.. seems like a dream compared to now Gas was cheap because nobody was driving, because Trump fucked up a pandemic response and nobody could go anywhere. I'll take expensive gas and a functioning nation, thanks. --- "Even MarthKoopa has jumped on the MarthKoopa hate wagon." -DevsBro <cite>marthsheretoo posted [p:965653771] in I paid $5.... [t:80048732]...</cite> <quote>EricDraven59 posted... </cite> <quote>Anyone remember $2 or less per gallon when trump was in? Yeah.. seems like a dream compared to now</quote> Gas was cheap because nobody was driving, because Trump fucked up a pandemic response and nobody could go anywhere. I'll take expensive gas and a functioning nation, thanks. </quote> ... Copied to Clipboard!
AngelsNAirwav3s 06/08/22 8:11:49 PM #49:	Sackgurl posted... curious on your take: given the heavy investments that had been made, do you believe in the absence of the Ukraine war, shale output would have been able to ramp fast enough to maintain steady prices in the $70-$90/bbl range? the rising prices pre-war were a consequence of post-COVID demand returning to historical levels, but newly drilled shale wells weren't automatically going into production after about 2017 (understandably, per our prior discussions; there were alternate sources that were more profitable) Without the Ukraine war, I think the prices would have briefly risen to above $100/bbl, US drilling was just too far behind to catch up to the production demand, and since 2018 investors had 0 interest in growing production, all Wall Street wants is some return for investors (after 0 return for the entire shale revolution since 2010). Even about a year ago I remember there was a lot of speculation among analysist that oil would go back to $100 as demand returned to normal, and shale production would be too slow to respond. OPEC has even been struggling for a while to meet their production commitments. However I think the rise would have been a lot more gradual, and would have then started to trend down fairly quick to the $60 to $80 range as the industry would have had a lot more time to respond. This is just my speculation but I think Private Equity will start funding a lot of new drilling and production, and then sell those producing wells (plus undeveloped acreage) to big public companies. W/ Ukraine making the prices rise so fast, right now there is not enough incentive, investor appetite, permits, rigs, production equipment to respond and grow production. --- Hello world! <cite>AngelsNAirwav3s posted [p:965653827] in I paid $5.... [t:80048732]...</cite> <quote>Sackgurl posted... </cite> <quote>curious on your take: given the heavy investments that had been made, do you believe in the absence of the Ukraine war, shale output would have been able to ramp fast enough to maintain steady prices in the $70-$90/bbl range? the rising prices pre-war were a consequence of post-COVID demand returning to historical levels, but newly drilled shale wells weren't automatically going into production after about 2017 (understandably, per our prior discussions; there were alternate sources that were more profitable)</quote> Without the Ukraine war, I think the prices would have briefly risen to above $100/bbl, US drilling was just too far behind to catch up to the production demand, and since 2018 investors had 0 interest in growing production, all Wall Street wants is some return for investors (after 0 return for the entire shale revolution since 2010). Even about a year ago I remember there was a lot of speculation among analysist that oil would go back to $100 as demand returned to normal, and shale production would be too slow to respond. OPEC has even been struggling for a while to meet their production commitments. However I think the rise would have been a lot more gradual, and would have then started to trend down fairly quick to the $60 to $80 range as the industry would have had a lot more time to respond. This is just my speculation but I think Private Equity will start funding a lot of new drilling and production, and then sell those producing wells (plus undeveloped acreage) to big public companies. W/ Ukraine making the prices rise so fast, right now there is not enough incentive, investor appetite, permits, rigs, production equipment to respond and grow production. </quote> ... Copied to Clipboard!
modena 06/08/22 8:40:38 PM #50:	I just put $15 in my Camry at $4.79. The guy next to me in a F350 paid $171.... Plus whoever was before me put in an even $5...hopefully it was for a weedeater or something. Edit:Sorry TC I probably just killed your topic, it's what I do. --- I'm surrounded <cite>modena posted [p:965654589] in I paid $5.... [t:80048732]...</cite> <quote>I just put $15 in my Camry at $4.79. The guy next to me in a F350 paid $171.... Plus whoever was before me put in an even $5...hopefully it was for a weedeater or something. Edit:Sorry TC I probably just killed your topic, it's what I do. </quote> ... Copied to Clipboard!
Sackgurl 06/09/22 10:24:23 AM #51:	AngelsNAirwav3s posted... Without the Ukraine war, I think the prices would have briefly risen to above $100/bbl, US drilling was just too far behind to catch up to the production demand, and since 2018 investors had 0 interest in growing production, all Wall Street wants is some return for investors (after 0 return for the entire shale revolution since 2010). Even about a year ago I remember there was a lot of speculation among analysist that oil would go back to $100 as demand returned to normal, and shale production would be too slow to respond. OPEC has even been struggling for a while to meet their production commitments. this makes a lot of sense to me. I recall a similar effect in July 2008, where we saw the brief peak after months of rising prices, followed by a price crash. but nobody can plan their investing to predict a baseless war. --- LittleBigPlanet is like merging dress-up with a real game. <cite>Sackgurl posted [p:965666860] in I paid $5.... [t:80048732]...</cite> <quote>AngelsNAirwav3s posted... </cite> <quote>Without the Ukraine war, I think the prices would have briefly risen to above $100/bbl, US drilling was just too far behind to catch up to the production demand, and since 2018 investors had 0 interest in growing production, all Wall Street wants is some return for investors (after 0 return for the entire shale revolution since 2010). Even about a year ago I remember there was a lot of speculation among analysist that oil would go back to $100 as demand returned to normal, and shale production would be too slow to respond. OPEC has even been struggling for a while to meet their production commitments.</quote>this makes a lot of sense to me. I recall a similar effect in July 2008, where we saw the brief peak after months of rising prices, followed by a price crash. but nobody can plan their investing to predict a baseless war. </quote> ... Copied to Clipboard!
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Current Events > I paid $5.10 per gallon gas today (+) Yeah! (+)

Current Events > I paid $5.10 per gallon gas today