Gas prices summer 2022

[2in2out]

Yep, and people say whoever is the president doesn't affect gas prices.. BS!!!!!!!!!!!!!!!!

It’s not quite so simple. Corporate lean is toward gaining investors and making profits for shareholders, and because of the global economy they will shift production to the markets it is cheapest to supply from to maximize profits.

Current shareholders have quite a bit of sway and will influence corps to hold back on drilling until they extort less restrictions and regs, lower lease fees, and government subsidization equating to more share holder profits. This will cause investors to buy at peaks or miss out at the action, which will increase corporate valuations driving stocks and inflation higher.

The presidential office holder is a rook or knight in a large chess match. Those pieces have a limited amount of moves, and are often used sparingly during aggressive play, and will always be sacrificed when necessary. The people of the world are just pawns in the game, and have little sway.

It’s very complex issue, and following the money will indicate which winds will sway the boat for the brief moment.


https://apple.news/AnFxibyviTGqZudLWPjOmEw

https://apple.news/AAaGyy0IiR-C-IPobx4-w3w

https://www.theatlantic.com/science/...ensive/622887/

https://www.google.com/amp/s/www.nyt...price.amp.html

https://www.caixabankresearch.com/en...ise-oil-prices

https://www.forbes.com/advisor/inves...gh-oil-prices/


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[larry_arizona]

It’s not quite so simple. Corporate lean is toward gaining investors and making profits for shareholders, and because of the global economy they will shift production to the markets it is cheapest to supply from to maximize profits.

Current shareholders have quite a bit of sway and will influence corps to hold back on drilling until they extort less restrictions and regs, lower lease fees, and government subsidization equating to more share holder profits. This will cause investors to buy at peaks or miss out at the action, which will increase corporate valuations driving stocks and inflation higher.

The presidential office holder is a rook or knight in a large chess match. Those pieces have a limited amount of moves, and are often used sparingly during aggressive play, and will always be sacrificed when necessary. The people of the world are just pawns in the game, and have little sway.

It’s very complex issue, and following the money will indicate which winds will sway the boat for the brief moment.


https://apple.news/AnFxibyviTGqZudLWPjOmEw

https://apple.news/AAaGyy0IiR-C-IPobx4-w3w

https://www.theatlantic.com/science/...ensive/622887/

https://www.google.com/amp/s/www.nyt...price.amp.html

https://www.caixabankresearch.com/en...ise-oil-prices

https://www.forbes.com/advisor/inves...gh-oil-prices/


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Does your boat list heavy to the port side with those news sources?


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[2in2out]

Does your boat list heavy to the port side with those news sources?


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I don’t consider Forbes and Barron’s biased in the directions everyone is insinuating I lean. I lean towards the direction of data. Retrospective data doesn’t handle black swan events well, and predicting social and economic turns is problematic. I’m just saying the complexities show that the influence of administration isn’t near the influence that everyone makes of it.

I provided seven references of articles that shared common themes from news outlets from across the spectrum, most printed timely, and not sponsored by the petroleum industry or climate advocacies.

I’m not naive to it either. I know the damage that lithium mining does, and that climate first policies and technology are just as complex.

My observation is that the populace is ignorant to the economics of energy, and it is easier to point the finger outward and cast blame and not inward with introspection.

I learned a number of things through the readings I provided. I was ignorant too. I believe we need updated nuclear technology, but lack of investment, fear, and other industry competitiveness doesn’t allow for it. Renewable energy has its limits and its demons just like petroleum.

But to answer your question, my boat lists to whatever side I’m surfing.


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[KnoxMojo]

Does your boat list heavy to the port side with those news sources?


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Hilarious, I seriously laughed out loud. Most of his links for articles on this and the boat prices thread are for sure port heavy. lol.

[HFarr]

Hey I am all for an oil burning free world. But ONLY when electric/battery technology is ready to support it. Let's just imagine for a moment that every vehicle owner out there today bought a battery powered car. We are talking your kids too. I would have 5 vehicles just from that. Now let's imagine all going home at night and plugging in to charge. Hello!! Power grid overload Nationwide! No way we could handle it.

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[2in2out]

Here are some interesting articles that raise the potentials and refer to historic information on oil prices. There’s no Occam’s Razor simple solution other than a complete Russian citizen revolt against Putin, but that is the short term answer.

And it’s easier to point the finger at the current admin than to do the research that shows causality by the previous admin or the petroleum industry and investors.

We should be more worried as to how the oil distribution problems will effect global food production. We’ve already seen several of the four horseman of the apocalypse, the last isn’t far behind.


https://www.theatlantic.com/science/...ensive/622887/

https://www.google.com/amp/s/www.nyt...price.amp.html

https://www.caixabankresearch.com/en...ise-oil-prices

https://www.forbes.com/advisor/inves...gh-oil-prices/


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[2in2out]

And this helps show that profit is the end game.

https://apple.news/AKRC7cLA7QQWG6l5bPVJHOg


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[2in2out]

And finally, with an important quote:

“Despite industry’s claims to the contrary, President Biden has not hobbled US oil and gas development. In fact, ….this administration actually approved more US drilling permits per month in 2021 than President Trump did during each of the first three years of his presidency. Before the pandemic, oil and gas production from public lands and waters reached an all-time high, and the current administration has done little to change that trajectory over the last 13 months.”

https://apple.news/AWIpRVkVcTXmSigZrvboTwQ


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[brad460]

And finally, with an important quote:

“Despite industry’s claims to the contrary, President Biden has not hobbled US oil and gas development. In fact, ….this administration actually approved more US drilling permits per month in 2021 than President Trump did during each of the first three years of his presidency. Before the pandemic, oil and gas production from public lands and waters reached an all-time high, and the current administration has done little to change that trajectory over the last 13 months.”

https://apple.news/AWIpRVkVcTXmSigZrvboTwQ


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Your search history “ Biden not to blame for high gas prices….inflation…Afghanistan…crime spike..”..

[2in2out]

Ok, I lied. Last one for now. This is a good explainer about oil reserves and the limited power an administration has over the reserves, and the intentions of the petroleum industry in using the current conditions to increase profits.

https://apple.news/AXYiALgpdTXa2kZ0SpOrKZw


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