racer254 Posted October 28, 2021 Share Posted October 28, 2021 22 minutes ago, ActionfigureJoe said: How many oil companies went belly up under trump? Nothing like consolidating to a few, big greedy bastards. In one post you will say: "Big oil and big corporations are evil" Now, you are complaining that some big oil corporations go belly up? TRUMP TRUMP TRUMP. Are you truly this much of a flip-flopping hack? 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted October 28, 2021 Share Posted October 28, 2021 20 hours ago, ActionfigureJoe said: No effect on oil pricing. If you think it does then your dumb. Yeah a pipeline that wont be active for years is the reason gas prices are up, super dumb. Trump really fucked US producers because when he placed sanctions on the Russians (for the saudis) russia retaliated by increasing pumping sending the price per barrel to like $4. It was so bad that Texas oil producers were forced with having dump their oil on the ground because they couldnt sell it and had no place to put it. Then Trump bragged about renewing the nations oil reserves with cheap Saudi oil at around $22/ barrel when he could have bought Texas oil for $4. OIl companies around the country were laying off workers left and right. So yeah, we need Trump to get back in and fuck all of that up again so we can get cheap gas! But fuck the saudis this time ffs and not the US. 4 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 28, 2021 Platinum Contributing Member Share Posted October 28, 2021 (edited) 21 hours ago, ActionfigureJoe said: No effect on oil pricing. If you think it does then your dumb. 20 hours ago, Jimmy Snacks said: That’s a given. Commodities no different than equities are priced to where they will be in the future as much as where they are now. A hardline stance against oil/energy production will naturally drive investors to think supply will go down or not meet demand driving current prices up. Keystone was going to create a cheaper method to get more oil to refinery's. Without question it has had an impact on pricing. The stance an administration has on a particular market absolutely can impact it. Edited October 28, 2021 by Highmark Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 28, 2021 Platinum Contributing Member Share Posted October 28, 2021 (edited) 48 minutes ago, Anler said: Yeah a pipeline that wont be active for years is the reason gas prices are up, super dumb. Trump really fucked US producers because when he placed sanctions on the Russians (for the saudis) russia retaliated by increasing pumping sending the price per barrel to like $4. It was so bad that Texas oil producers were forced with having dump their oil on the ground because they couldnt sell it and had no place to put it. Then Trump bragged about renewing the nations oil reserves with cheap Saudi oil at around $22/ barrel when he could have bought Texas oil for $4. OIl companies around the country were laying off workers left and right. So yeah, we need Trump to get back in and fuck all of that up again so we can get cheap gas! But fuck the saudis this time ffs and not the US. Link? Edited October 28, 2021 by Highmark Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted October 28, 2021 Author Share Posted October 28, 2021 1 minute ago, Highmark said: You just had your ass handed to you. 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted October 28, 2021 Share Posted October 28, 2021 1 minute ago, Highmark said: Commodities no different than equities are priced to where they will be in the future as much as where they are now. A hardline stance against oil production will naturally drive investors to think supply will go down or not meet demand driving current prices up. Canadian tar sands oil is the most expensive oil in the world to extract and refine. Oil prices have to be high for it to be profitable so lets not pretend that the keystone was going to save us from high prices. That pipeline is there to cut transportation costs but the "futures" market for the oil is banking on higher oil prices. 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted October 28, 2021 Share Posted October 28, 2021 1 minute ago, Highmark said: Its only a google away Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 28, 2021 Platinum Contributing Member Share Posted October 28, 2021 Just now, Anler said: Canadian tar sands oil is the most expensive oil in the world to extract and refine. Oil prices have to be high for it to be profitable so lets not pretend that the keystone was going to save us from high prices. That pipeline is there to cut transportation costs but the "futures" market for the oil is banking on higher oil prices. Prices are much about perception. Yes its more expensive to extract and refine but it still allows for more future supply. Any administration that takes a stance for or against a market can immediately impact pricing. Quote Link to comment Share on other sites More sharing options...
Anler Posted October 28, 2021 Share Posted October 28, 2021 Just now, ActionfigureJoe said: You just had your ass handed to you. Emotional reactionaries are this countries biggest obstacle to success. This country is full of them. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 28, 2021 Platinum Contributing Member Share Posted October 28, 2021 1 minute ago, Anler said: Its only a google away Yeah....I googled it and nothing came up....its why I asked for your link. Hey if they did it so be it and I'm wrong.....No way they would be allowed to just dump it on the ground. Jesus man. Quote Link to comment Share on other sites More sharing options...
Anler Posted October 28, 2021 Share Posted October 28, 2021 Just now, Highmark said: Prices are much about perception. Yes its more expensive to extract and refine but it still allows for more future supply. Any administration that takes a stance for or against a market can immediately impact pricing. The market is controlled by OPEC and banks/speculators. Oil prices can be as low or high as they want them to be. The administration has taken a position of alternative fueled cars, homes, etc..., theoretically that could impact oil prices lower. The move is going to be a mileage tax and we all know that is coming. Lower energy prices are not in our future. Quote Link to comment Share on other sites More sharing options...
Anler Posted October 28, 2021 Share Posted October 28, 2021 3 minutes ago, Highmark said: Yeah....I googled it and nothing came up....its why I asked for your link. Hey if they did it so be it and I'm wrong.....No way they would be allowed to just dump it on the ground. Jesus man. Well it was talked about here and it is posted here somewhere. So if you really wanted to read it im sure you could find it giggley poo. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 28, 2021 Platinum Contributing Member Share Posted October 28, 2021 (edited) 3 hours ago, Anler said: Well it was talked about here and it is posted here somewhere. So if you really wanted to read it im sure you could find it giggley poo. Dumping oil on the ground. Must be true if it was talked about here. Must be hard to simply stop the pumps. Edited October 28, 2021 by Highmark Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 28, 2021 Platinum Contributing Member Share Posted October 28, 2021 (edited) 6 minutes ago, Anler said: The market is controlled by OPEC and banks/speculators. Oil prices can be as low or high as they want them to be. The administration has taken a position of alternative fueled cars, homes, etc..., theoretically that could impact oil prices lower. The move is going to be a mileage tax and we all know that is coming. Lower energy prices are not in our future. Agreed and speculation on supply from the time we move from one energy source to another can impact prices immediately. Jesus this is not rocket science. A stance by an admin to move to electric cars will not happen overnight. It will take years and the perception can cause less future supply BEFORE that transition takes place. Edited October 28, 2021 by Highmark Quote Link to comment Share on other sites More sharing options...
racer254 Posted October 28, 2021 Share Posted October 28, 2021 (edited) 7 minutes ago, Anler said: The market is controlled by OPEC and banks/speculators. Oil prices can be as low or high as they want them to be. The administration has taken a position of alternative fueled cars, homes, etc..., theoretically that could impact oil prices lower. The move is going to be a mileage tax and we all know that is coming. Lower energy prices are not in our future. This was proven WRONG when the US started ramping up oil production. OPEC did not have the power or market to control it unless the US stops producing. Edited October 28, 2021 by racer254 Quote Link to comment Share on other sites More sharing options...
Anler Posted October 28, 2021 Share Posted October 28, 2021 2 minutes ago, Highmark said: Dumping oil on the ground. Must be true if it was talked about here. Must be hard too simply stop the pumps. About as funny as mental midgets thinking oil prices are high because a tar sands oil pipeline that wont be active for years is the reason prices are high 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted October 28, 2021 Share Posted October 28, 2021 2 minutes ago, racer254 said: This was proven WRONG when the US started ramping up oil production. OPEC did not have the power or market to control it unless the US stops producing. Oil is a commodity, sunshine. It has a market price. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 28, 2021 Platinum Contributing Member Share Posted October 28, 2021 1 minute ago, Anler said: About as funny as mental midgets thinking oil prices are high because a tar sands oil pipeline that wont be active for years is the reason prices are high Its about perception and yes no keystone pipeline creates a perception of less supply. Keystone would have been able to carry 830,000 barrels a day about 4% of US daily use. We still will use that oil it will just be transported by rail. Making 4% of US consumption more expensive will have a impact on price. Again perception on future prices drive current prices. Quote Link to comment Share on other sites More sharing options...
CFM Posted October 28, 2021 Share Posted October 28, 2021 6 minutes ago, Anler said: About as funny as mental midgets thinking oil prices are high because a tar sands oil pipeline that wont be active for years is the reason prices are high In case you missed it, Biden admin stopped more things than just this project. And yeh, projection has lots to do with prices. When everyone knows/see’s the current admins actions and attitudes towards domestic production, guess what happens ? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 28, 2021 Platinum Contributing Member Share Posted October 28, 2021 (edited) 13 minutes ago, Anler said: Oil is a commodity, sunshine. It has a market price. A commodity no different than an equity is priced now on what the future price might be. Shit man I expected more from you....how's if feel to be on the same level of understanding as a guy who plays a psychiatrist? This is literally too funny. Nobody is claiming Keystone had everything to do with energy prices going up but to say it had no impact is hilarious. Do you buy equities or crypto based solely off the price it is now or where it will be in the future? Good God man commodities are no different. You rather think they will go up or down. Do you think Crypto would be impacted if an administration come out and said we are going to put a 50% CG tax on them? Would that negative perception have an immediate market impact? You are lying to yourself if you say no. Edited October 28, 2021 by Highmark Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted October 28, 2021 Share Posted October 28, 2021 33 minutes ago, Anler said: Canadian tar sands oil is the most expensive oil in the world to extract and refine. Oil prices have to be high for it to be profitable so lets not pretend that the keystone was going to save us from high prices. That pipeline is there to cut transportation costs but the "futures" market for the oil is banking on higher oil prices. 1 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted October 28, 2021 Author Share Posted October 28, 2021 1 hour ago, racer254 said: This was proven WRONG when the US started ramping up oil production. OPEC did not have the power or market to control it unless the US stops producing. A large portion of the American oil industry went off line under trump when oil prices collapsed. That placed OPEC back in the driver’s seat. 3 Quote Link to comment Share on other sites More sharing options...
racer254 Posted October 28, 2021 Share Posted October 28, 2021 (edited) 22 minutes ago, ActionfigureJoe said: A large portion of the American oil industry went off line under trump when oil prices collapsed. That placed OPEC back in the driver’s seat. Biden asking OPEC to increase oil production to bring the gas prices in the US down put OPEC in the driver's seat. You can't be this ignorant. Edited October 28, 2021 by racer254 Quote Link to comment Share on other sites More sharing options...
CFM Posted October 28, 2021 Share Posted October 28, 2021 3 minutes ago, racer254 said: Biden asking OPEC to increase oil production to bring the gas prices in the US down put OPEN in the driver's seat. You can't be this ignorant. Hold his beer ! Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted October 28, 2021 Author Share Posted October 28, 2021 11 minutes ago, racer254 said: Biden asking OPEC to increase oil production to bring the gas prices in the US down put OPEC in the driver's seat. You can't be this ignorant. Yeah you go with that. Quote Link to comment Share on other sites More sharing options...
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