jSmitty45 Loc: Fl born, lived in Texas 30 yrs, now Louisiana

👍👍👍

pegw

Under Trump, there was low demand, and prices crashed.

pegw

You obviously did not take chemistry in high school.

pegw

There already is 18 wheelers that are electric.

XXX Loc: Somewhere north of the Mason-Dixon

That get towed around by F-150s. 🤣

jack sequim wa Loc: Blanchard, Idaho

So many factors, why oil may hit $140-$160 a barrel.
America is fighting 7 wars (most proxy)
Cyber attacks on infrastructure (Baltimore bridge) will happen, far exceeding 9/11
Panama/Seuez/Red Sea shipping down over 35% since 2021
Refineries that can only Refine sweet crude oil being sold overseas and aging Refineries having long repair outages (plus expected cyber attacks)
Saudi preparing for further cuts of oil exports to America
China taking Taiwan (Watch, China move very soon....within 9 months
Policies from this administration

pegw

Most of the reasons you are giving is your point of view. t
The price of gas is tied to what the price per barrel is going internationally, and today it was $85.

jack sequim wa Loc: Blanchard, Idaho

Let's not let's facts get in your way.
Maybe you just need to look up what's happening on the Panama canal...not opinion or did you only read the last line "Biden policies " which was only one of many bullet points

straightUp Loc: California

It's not a wish, it's a prediction and it looks like those "greenies" are right. There are several reasons for the current increase in oil prices, including...

1. Instability in the Middle-East.
2. A projected shortfall of oil from Mexico.
3. Continued commitment by OPEC nations to cut production.
4. Projected escalation of demand from China.

None of these factors have anything to do with the US and yet we still pay the price. In fact, we are producing more oil today than we have EVER produced in our entire history. The whole time Biden has been in office our production has been at full-throttle... and yet this is still happening.

What the "greenies" seem to understand that their opponents don't is that the influence of domestic oil production on the global market is limited.

I know Dumbass Donny keeps saying that HE made us "energy independent" during his term but that's actually BS... For ONE quarter, we actually did export more oil than we imported. But that did NOT make us energy independent because we were STILL importing oil!

One might ask… Why were we still importing oil when we had so much oil to export? The simple answer is that almost all of our refineries are designed for heavy crude and most of what we extract today is light sweet crude. So we export light crude to countries that can refine it and we import heavy crude for our own refineries to process. This arrangement makes good business sense for Big Oil but also guarantees our dependency on foreign oil, no matter how much we actually drill.

Something else to consider when evaluating the magical minute when our exports exceeded our imports... The fact that while the rate of increased production remained consistent, it was the rate of demand that varied. Interestingly, Obama's push for conservation coincides with the decline in demand, that eventually dipped below our level of exports while Trump's reversal of such policies coincides with our return to increased demands, which once again pushed our imports back to above the level of our exports.

In any case, none of this makes any difference to the fact that we have been depending on foreign oil since 1974 and no, we can NOT just DRILL our way to energy independence. Either we have to wait for Big Oil to change their business model or we need to INNOVATE our way to energy-independence by finding alternative sources.


It's more typical now for income to be reported per household, rather than per individual. A $400,000 income is described by analysts as "comfortable" for an upper-middle class family of four living in a city. My guess is that these families have members that are educated and smart enough to know that Biden is actually doing a good job.

jack sequim wa Loc: Blanchard, Idaho

America's oil production being high does not help, majority of our oil produced, America's Refineries cannot Refine, only the lessor oil "Sweet Crude".
EPA has hogtied America's Refineries with such stringent regulations of retooling and/or building Refineries to handle the "heavy crude", which is why America must sell "Heavy Crude" to other countries, then buy back the refined oil/gas.
This brings us back to shipping and supply chain issues, projected to become much much worse....ie; $140-$160 per barrel, from the approaching today price $90 per barrel.

microphor Loc: Home is TN

You must not be one of the educated one!

JFlorio Loc: Seminole Florida

B.S.. You dumba** Biden cult members know nothing so you either repeat a lie or outright lie. Keep ruining the environment by promoting green energy industries. As long as the bureaucrats can convince you you’re doing good, you’ll give yourself a pat on the back. Democrats are the stupidest sheeple ever.

JFlorio Loc: Seminole Florida

He’s such a little punk. I am ignoring the pri**.

XXX Loc: Somewhere north of the Mason-Dixon

straightUp Loc: California

Yeah, that's pretty much what I said. Most of America's refineries (or to be more exact, the private-sector refineries built on American spoil but often with foreign owners) can't process what comes out of American land. I think you have it backwards though... most of these refineries are designed to process heavy crude, which we import while most of what comes out of the land is light sweet crude which we export.

The reason for this is that oil companies were investing more in refineries during a period of time when we could no longer pull higher-grade oil from the ground and we were left with low-grade crap... Heavy and sour crude, desperately pulling it from sand tar and other last-resort sources. Then came fracking and that allowed companies to extract light crude again, but it made better business sense to just export the light crude to countries that already have the facilities to process it. Most of what we are importing is the heavy crude which we can still proces.


I don't buy that for a second. Yes, the EPA regulates the industry as well they should, especially when processing heavy crude which is a super dirty job. But the reason why companies don't build refineries to handle light crude has more to do with the fact that they can make a bigger profit by exporting it.

Chances are if you find a profit-motive you've found the smoking gun... if your blaming regulations all you really found is an excuse not to blame the business.


Yes, that can become a problem but again the blame goes to the industry not Biden or the EPA. It takes many, many years to build a refinery, many more years than Biden has been in office. So, put two and two together.