The "Gas" Thread

[outback]

Yea and when a Republican is in office we go to war and a Democrat has to get us out of it.

The problem is the oil companies and refining capacity.

Yet their making record profit's during a time like this.

Isn't costing them any more to make it/ refine it. And theirs ample surplus at hand.

I can only imagine what the democratic party is getting out of this BS.

NOTICE... your investments are now worthless with them in office, as well.

Notice over the years how they've slowly removed any wealth from the common American.?

Monarchy comes to mind.

[BobH]

Oil companies reduced refining capacity during the pandemic and it is still not all back on line. That is part of the problem. Another part is that the oil producers also reduced oil output at the same time as there was no point in pumping out oil when there was a greatly reduced demand. Not all of that pumping capacity is back on line either. When you idle oil pumping capacity and oil refining capacity you just don't throw a switch and you are back running. It takes time to bring the idled capacity back on line after a long period of being idle.

There are also plenty of other issues besides those. Virtually every country in the world is in the same boat. I doubt it matters much who is in power when a storm like this hits the world. It's above my pay grade to say what the answer is to all this.

Bob

https://www.eia.gov/todayinenergy/detail.php?id=48636

[outback]

Right you are, Bob.

So it boils down to good ol GREED.!

ITS ALL BEEN ENGINEERED, FORTHRIGHT.

IMHO

[BobH]

Right you are, Bob.

So it boils down to good ol GREED.!

ITS ALL BEEN ENGINEERED, FORTHRIGHT.

IMHO

Well, could have a little to with it too.

Bob

[nessmuck]

Oil companies reduced refining capacity during the pandemic and it is still not all back on line. That is part of the problem. Another part is that the oil producers also reduced oil output at the same time as there was no point in pumping out oil when there was a greatly reduced demand. Not all of that pumping capacity is back on line either. When you idle oil pumping capacity and oil refining capacity you just don't throw a switch and you are back running. It takes time to bring the idled capacity back on line after a long period of being idle.

There are also plenty of other issues besides those. Virtually every country in the world is in the same boat. I doubt it matters much who is in power when a storm like this hits the world. It's above my pay grade to say what the answer is to all this.

Bob

https://www.eia.gov/todayinenergy/detail.php?id=48636

Remember one thing….you can’t sell electric cars,with low gas prices

[BobH]

Remember one thing….you can’t sell electric cars,with low gas prices

Yea right, remember one other thing too. When everyone goes electric what happens to the already shaky power grids.

Bob

[thebigspendur]

Hey, I didn't bring politics into this. I only responded to what someone else brought up.

The fact is this is a worldwide occurrence. There are a bunch of causes and it don't make a darn who the president is or whatever party is in power no different than the current inflation problems which are worldwide too. Many have it worse than us.

But people get frustrated and blame the President like he can wave a magic wand and make it all go away.

[STF]

If Putin would wind his neck in the prices might start going back down, unlikely in my experience though. When the prices go up they stay up regardless of whether they can come down, they wait us out until we just accept them before jacking them up further as normal price increases.