Cost of fuel/energy question?

[..]

https://www.newsmax.com/newsfront/doe-petroleum-reserve-exxonmobil/2022/03/07/id/1060031/

Releasing oil reserves doesn't do squat as well as they need to be repleni$hed and (I thought) were for actual emergencies.

More posturing for the masses.

We use about 22 million barrels a day.

[t-man403]

$6.35 a US gallon here. 

[old2soon]

         on what attempts to pass itself off fer "news" the talking heads were saying how much higher gasoline will climb should/if/when we quit importing russian oil. The ONE item of great importance that NEVER was mentioned is that here in AMERICA All the oil We-AMERICA-needs is in ground that is AMERICAN! is this omission willful neglectful or just stupid?! less than 2 years ago We-AMERICA-Were energy independent! How on Earth do the talking heads/politicians and tree huggers and others continue to WILLFULLY Choose to ignore this? RIDE SAFE.

[F6Dave]

         on what attempts to pass itself off fer "news" the talking heads were saying how much higher gasoline will climb should/if/when we quit importing russian oil. The ONE item of great importance that NEVER was mentioned is that here in AMERICA All the oil We-AMERICA-needs is in ground that is AMERICAN! is this omission willful neglectful or just stupid?! less than 2 years ago We-AMERICA-Were energy independent! How on Earth do the talking heads/politicians and tree huggers and others continue to WILLFULLY Choose to ignore this? RIDE SAFE.

I'm sure Russia will find a market for their oil so little damage will be done. China imports plenty and they won't ban Russian imports. With demand so high plenty of other nations will buy it too, especially if Russia discounts it a bit.

Natural gas is a different story because it's more difficult to transport, but Europe is so dependent that they'll probably keep buying plenty. The Russians funded anti-drilling and anti-fracking campaigns around Europe (here too) and their investment is paying off nicely!

It's not just oil. All commodities are up. Nickel is now so high that our nickel coin is worth about 5.3 cents.

[Rams]

I'm sure Russia will find a market for their oil so little damage will be done. China imports plenty and they won't ban Russian imports. With demand so high plenty of other nations will buy it too, especially if Russia discounts it a bit.

Natural gas is a different story because it's more difficult to transport, but Europe is so dependent that they'll probably keep buying plenty. The Russians funded anti-drilling and anti-fracking campaigns around Europe (here too) and their investment is paying off nicely!

It's not just oil. All commodities are up. Nickel is now so high that our nickel coin is worth about 5.3 cents.

Agreed on how the US not buying oil/energy from Russia will have an effect on Russia, the oil will continue to flow somewhere.   But I still totally support not buying the oil that helps pay for Putin's aggressions throughout the world.   There are really only two ways to influence what Russia does, one is with military force or threat thereof and the other is devaluing their Ruble through economic sanctions.   Pick one.  

While I sure as hell don't like the idea of paying more at the pump (especially when we have our own sources of oil/energy), our President could turn this around with a few very simple actions.    Failure to take those actions will result in even higher prices at the gas pump, in other energy bills and everything else we as consumers buy and use.

Rams

[Patrick]

Anyone talking bets on whether or not our President and his administration will make the right decision ?  [ Decision, meaning correct for us ]

[..]

Power line worker on local radio talking about all the metal shortages needed for expanding a grid.

Possibly next year before supplies are available. In the meantime he's foreseeing layoffs in the industry.

And

If joe would say "drill baby drill" oil futures would start to go down like a bust elevator. Pump prices would follow.

The masses can't work that out for themselves.

[POPS 57]

$3.90 here in M.N.  And not a Biden bumper sticker in sight. 

[..]

A persons opinion

https://pjmedia.com/news-and-politics/athena-thorne/2022/03/08/explainer-why-are-gas-prices-so-high-n1564532

[Patrick]

$3.90 here in M.N.  And not a Biden bumper sticker in sight. 

Even MN. is turning against biden !?  Well, its a start.

[SPOFF]

$3.90 here in M.N.  And not a Biden bumper sticker in sight. 

Lucky dog. $4.29 in NH. (It should reach $5 by Friday.) Paid $5.29 gallon for heating oil today. Thank God winter is almost over. It looks like my Valkyrie will be down for a maintenance year (if I can get the parts). I'm not paying $60 for a day-long ride when my KLR gets 60 mpg and my Honda PCX 105 mpg. Fortunately my job is a short walk away and they're paying me $500 a week in overtime because no one will work.

[POPS 57]

It's the big cities that are full of the Biden libs. The only good thing about the gas prices is the price of trucks mite come down. I don't drive a lot i'm retired. But i need a new truck. My two trucks each have over 285000 miles on them. They rally around build back better. I wish they would just put it back the  the way they found it. Now they say it's putin's war. Gas was up over 48% before the war.

[Ramie]

It's the big cities that are full of the Biden libs. The only good thing about the gas prices is the price of trucks mite come down. I don't drive a lot i'm retired. But i need a new truck. My two trucks each have over 285000 miles on them. They rally around build back better. I wish they would just put it back the  the way they found it. Now they say it's putin's war. Gas was up over 48% before the war.

The light rail lines that no one rides are more important to them.  For them it's no big deal if they go over budget by 1/2 billon dollars.

[F6Dave]

It's the big cities that are full of the Biden libs. The only good thing about the gas prices is the price of trucks mite come down. I don't drive a lot i'm retired. But i need a new truck. My two trucks each have over 285000 miles on them. They rally around build back better. I wish they would just put it back the  the way they found it. Now they say it's putin's war. Gas was up over 48% before the war.

I've also been thinking (hoping) that truck prices might come down as mine is getting old. I remember buying a new Dodge Colt (Mitsubishi) in 1980 when gas prices were skyrocketing towards a buck a gallon. The dealer had them all marked up over the sticker price as people couldn't get enough small, fuel efficient cars. But there were plenty of big cars and trucks available at discounts.

This is just what the green zealots want: prices of fuel and vehicles getting so high that you'll give in and buy an EV. Then they can ration charging and control your mobility. They don't even hide their goal anymore. When the WH occupant reads a script about about energy prices there's usually a comment that all will be fine when we reach the ultimate solution: 'renewables' and EVs.

[POPS 57]

It's the big cities that are full of the Biden libs. The only good thing about the gas prices is the price of trucks mite come down. I don't drive a lot i'm retired. But i need a new truck. My two trucks each have over 285000 miles on them. They rally around build back better. I wish they would just put it back the  the way they found it. Now they say it's putin's war. Gas was up over 48% before the war.

The light rail lines that no one rides are more important to them.  For them it's no big deal if they go over budget by 1/2 billon dollars.

The light rail is just a way for the low life's to get to the mall and the burb's for free. A young female is just a target at the mall.

[POPS 57]

It's the big cities that are full of the Biden libs. The only good thing about the gas prices is the price of trucks mite come down. I don't drive a lot i'm retired. But i need a new truck. My two trucks each have over 285000 miles on them. They rally around build back better. I wish they would just put it back the  the way they found it. Now they say it's putin's war. Gas was up over 48% before the war.

I've also been thinking (hoping) that truck prices might come down as mine is getting old. I remember buying a new Dodge Colt (Mitsubishi) in 1980 when gas prices were skyrocketing towards a buck a gallon. The dealer had them all marked up over the sticker price as people couldn't get enough small, fuel efficient cars. But there were plenty of big cars and trucks available at discounts.

This is just what the green zealots want: prices of fuel and vehicles getting so high that you'll give in and buy an EV. Then they can ration charging and control your mobility. They don't even hide their goal anymore. When the WH occupant reads a script about about energy prices there's usually a comment that all will be fine when we reach the ultimate solution: 'renewables' and EVs.

Along with EV'S will come a mileage tax.

[..]

It's the big cities that are full of the Biden libs. The only good thing about the gas prices is the price of trucks mite come down. I don't drive a lot i'm retired. But i need a new truck. My two trucks each have over 285000 miles on them. They rally around build back better. I wish they would just put it back the  the way they found it. Now they say it's putin's war. Gas was up over 48% before the war.

The light rail lines that no one rides are more important to them.  For them it's no big deal if they go over budget by 1/2 billon dollars.

Atlanta built a tramcar that only tourists and homeless seem to ride.

[Farside]

I travel for work and was in Tallahassee, FL this week. Left for Pensacola today and found most gas between $4.30-4.40. Premium was $5.35. I run premium in Renegade

[Jersey mike]

How soon President Biden takes a page out of the Obama playbook and offers another buyback program of gas guzzlers and federal incentives toward electric vehicles?

[Jess from VA]

If it involves spending exorbitant sums of money (for lunatic ideas), he's interested.

[..]

How soon President Biden takes a page out of the Obama playbook and offers another buyback program of gas guzzlers and federal incentives toward electric vehicles?

I think I'm correct in saying that boondoggle cost the taxpayer $3,000 per clunker.

[f6john]

I travel for work and was in Tallahassee, FL this week. Left for Pensacola today and found most gas between $4.30-4.40. Premium was $5.35. I run premium in Renegade

I made the deal for my Wing in early February. I ended up driving the Titan pulling a 12' tandem axle trailer from Kentucky to Orlando, Florida the third week of February. I "only" paid $3.29-$3.49 for gas for the entire trip. I'm glad I didn't hesitate making the trip!

[F6Dave]

Here are some interesting numbers:

• Europe gets 25% of its oil and 40% of its gas from Russia. For Germany the numbers are higher: 35% oil and 70% gas, as well as 50% of its coal. No wonder their sanctions exclude Russian energy.
• In 2014 the world spent $490 billion on the exploration and production of oil and gas. In 2021 that figure dropped to $220 billion. COVID was a factor, but nearly all of this massive drop in investment is due to governments and activists pressuring energy companies to transition to clean energy, and pressuring banks to stop lending to those companies. Years of underinvestment got us here, and it can't possibly be fixed overnight.
• Global demand for energy is up 50% since 2000. Yet fossil fuels still provide well over 80% of the world's energy, virtually unchanged since 2000.
• Wood burning still supplies far more energy than all the world's solar panels combined.
• Europe stores a small amount of natural gas for times of high demand. It would take 2 BILLION Tesla battery packs to provide an equivalent amount of storage.
• The IEA states that just starting an "energy transition" would require the global supply of minerals (rare earths, nickel, copper, cobalt, lithium, etc.) to increase by from 700% to 4,000%. There aren't enough mines either operating or planned to meet such demands.

We'd better get realistic about energy soon, or billions of people will have their standard of living drastically reduced. And many will die -- victims of the green religion.

[MotoRod]

Here are some interesting numbers:

• Europe gets 25% of its oil and 40% of its gas from Russia. For Germany the numbers are higher: 35% oil and 70% gas, as well as 50% of its coal. No wonder their sanctions exclude Russia energy.
• In 2014 the world spend $490 billion on the exploration and production of oil and gas. In 2021 that figure dropped to $220 billion. COVID was a factor, but nearly all of this massive drop in investment is due to governments and activists pressuring energy companies to transition to clean energy, and pressuring banks to stop lending to those companies. Years of underinvestment got us here, and it can't possibly be fixed overnight.
• Global demand for energy is up 50% since 2000. Yet fossil fuels still provide well over 80% of the world's energy, virtually unchanged since 2000.
• Wood burning still supplies far more energy than all the world's solar panels combined.
• Europe stores a small amount of natural gas for times of high demand. It would take 2 BILLION Tesla battery packs to provide an equivalent amount of storage.
• The IEA states that just starting an "energy transition" would require the global supply of minerals (rare earths, nickel, copper, cobalt, lithium, etc.) to increase by from 700% to 4,000%. There aren't enough mines either operating or planned to meet such demands.

We'd better get realistic about energy soon, or billions of people will have their standard of living drastically reduced. And many will die -- victims of the green religion.

Trump told Germany they needed to become energy independent from Russia 4 years ago.  They didn't lessen.  If that had happened, Russia would not have invaded Ukraine .

[hubcapsc]

Trump told Germany they needed to become energy independent from Russia 4 years ago.  They didn't lessen.  If that had happened, Russia would not have invaded Ukraine .

That's an arm-chair political assertion I can agree with  ...

-Mike

[Serk]

Trump told Germany they needed to become energy independent from Russia 4 years ago.  They didn't lessen.

Germany listened. They then proceeded to literally laugh at President Trump..... Once again, we see Trump was right.

https://twitter.com/i/status/1500309926861758467

[carolinarider09]

We'd better get realistic about energy soon, or billions of people will have their standard of living drastically reduced. And many will die -- victims of the green religion.

The green religion.

An excellent analogy.   Again, it is about control.

[Jess from VA]

Yes it's about control..... but it's also about Chicken Littles who actually believe the sky is falling and the planet warming and the whole climate change fear shtick. 

[F6Dave]

This is just what the green zealots want: prices of fuel and vehicles getting so high that you'll give in and buy an EV. Then they can ration charging and control your mobility. They don't even hide their goal anymore. When the WH occupant reads a script about about energy prices there's usually a comment that all will be fine when we reach the ultimate solution: 'renewables' and EVs.

Along with EV'S will come a mileage tax.

That's on the way. This summer new UK building codes will mandate EV chargers in all new construction. And the codes will require the chargers to be on a separate meter. Then they can charge you a higher rate for charging. They can even increase the rate if you drive too much, or if you drive an 'electron guzzler'.

[carolinarider09]

Along with EV'S will come a mileage tax.

Correct!  And next question, how will this "mileage tax" be implemented. 

Will it be the honor system?   

Will it be a mileage "device" included in your new car that reports back to the "home office" on a regular basis?   

Or will it be a simple electronic device much like your cell phone that talks to the local "tower" as you travel recording the miles travel, where traveled, ect......   In other words, a "tracking device" that you have to pay for (well they pay the costs of doing the tracking but it will be factored into the cost of the device).   

[..]

https://www.bbc.com/news/business-61257846


German energy giant Uniper gives in to Russian rouble demand.