A majority of voters are “worse off financially” under President Joe Biden, up 25 points since he assumed office in 2021, a Fox News poll found Wednesday.

[1jkw]

13 minutes ago, Crnr2Crnr said:

we don't utilize our own oil... ffs  

We do, but it's sold on the world market.

[Crnr2Crnr]

20 minutes ago, 1jkw said:

We do, but it's sold on the world market.

I know... some here don't seem to have the slightest clue...

https://www.freedomsledder.com/index.php?/topic/65040-20-of-worlds-petroleum-refineries-set-to-close-due-to-unsustainable-profit-margins/#comment-1737890

 

[1jkw]

2 minutes ago, Crnr2Crnr said:

I know... some here don't seem to have the slightest clue...

https://www.freedomsledder.com/index.php?/topic/65040-20-of-worlds-petroleum-refineries-set-to-close-due-to-unsustainable-profit-margins/#comment-1737890

 

Seems they would rather be ignorant and angry than informed.

 

[Crnr2Crnr]

3 minutes ago, 1jkw said:

Seems they would rather be ignorant and angry than informed.

 

pretty much

my favorite part is how they ignore facts and spread misinformation

 

[1jkw]

6 minutes ago, Crnr2Crnr said:

pretty much

my favorite part is how they ignore facts and spread misinformation

 

I honestly believe they are so invested in supporting their party that they just can't admit they are wrong, and double down on the ignorance, they are the first ones to call people snowflakes, sheep ,and Karens and yet are the victims that need a safe space.

[Crnr2Crnr]

6 minutes ago, 1jkw said:

I honestly believe they are so invested in supporting their party that they just can't admit they are wrong, and double down on the ignorance, they are the first ones to call people snowflakes, sheep ,and Karens and yet are the victims that need a safe space.

there's that... 

I just get frustrated with sheer ignorance and unwillingness to learn 'things'

[Pete]

Gas was cheaper when trump was in office.

SBYL

[s pump]

On 3/29/2024 at 8:07 AM, SnowRider said:

Looks like the majority of voters prefer lockdowns, horse meds, rectal lights, record deficits……   

Speaking of Rectal Lights, you sell those right?

[s pump]

Dance dummy, dance.

[1jkw]

25 minutes ago, Pete said:

Gas was cheaper when trump was in office.

SBYL

Gas was cheaper when Obama was in office. 

SBYL

Edited March 30 by 1jkw

[Pete]

1 minute ago, 1jkw said:

Gas was cheaper when Obama was in office. 

SBYL

No it wasn’t 

the magic negro was worse

Edited March 30 by Pete

[1jkw]

13 minutes ago, Pete said:

No it wasn’t 

the magic negro was worse

$2.14 per gallon national average in 2016, price only went up from there except during the pandemic.

[1jkw]

2 hours ago, Crnr2Crnr said:

there's that... 

I just get frustrated with sheer ignorance and unwillingness to learn 'things'

I used  to get frustrated, now I just laugh at the ignorance and the inability of the cult to accept reality.

[Crnr2Crnr]

14 minutes ago, 1jkw said:

Gas was cheaper when Obama was in office. 

yes and no

12 minutes ago, Pete said:

No it wasn’t 

do you know why?

 

Nevertheless, a president’s popularity is strongly influenced by what’s happening with gasoline prices. So, let’s take a look at the average gasoline price overseen by each of the past four presidents.

The following graphic shows the average annual gasoline price during each year of the last four presidential terms. Republican presidents are shown in red, Democrats in blue. The numbers come from the EIA, and they represent the average retail price of all grades of gasoline.  You can see the raw data here.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPM0_PTE_NUS_DPG&f=W

This graphic shows the data, but it needs context. There are many stories that could be spun from a superficial reading of the data, but many of them would be wrong. For example, President Bush saw a huge rise in gasoline prices when he was in office. It would certainly be easy to cast blame on him for this, but President Bush was very pro-oil and gas development. 

In fact, the technologies that led to the fracking boom largely developed under President Bush. But fracking didn’t begin to show huge benefits until President Obama’s term.

What happened under President Bush was that Chinese demand grew sharply, and Saudi Arabia was slow to increase production. This led to a widespread belief that global oil production had peaked, and that helped create a bubble in oil prices. That bubble finally burst in 2008 when a recession caused a drop in global oil demand.

Like Bush, Obama initially experienced rising gasoline prices. Those prices reached a peak at the highest annual average to date of any president, before falling back down to the lowest level since Bush’s first term. The reason for the crash in gasoline prices was that Saudi Arabia decided to engage in a price war with the U.S. to win back market share that had been lost to the U.S. shale oil boom.

Thus, most of the rise and fall under Bush and Obama didn’t really have a lot to do with their policies. One could argue that the pro-oil policies under Bush did usher in the eventual glut of oil that happened under Obama, but these are once again long-term policy effects.

Gasoline prices rose during each of President Trump’s first two years in office, reversing the two-year trend that ended Obama’s second term. By Trump’s third year in office, prices fell slightly, but then prices were down sharply in Trump’s fourth year as a result of the Covid-19 pandemic and its impact on oil prices. Gasoline prices in 2020 were at their 2nd lowest level since 2004.

When President Biden came into office, gasoline prices had been rising for several months as the world began to recover from Covid-19. But, demand outstripped supply, and oil prices continued to soar. Then, in early 2022 Russia invaded Ukraine, and that helped propel the average annual gasoline price that year to $4.06/gallon, the highest annual average on record.

Obviously 2023 is incomplete, but so far this year the average annual price of gasoline is $3.47/gallon. That marks a 14.5% decline from 2022, but there’s still a lot of year left.

To date, the average gasoline price during President Biden’s term — with nearly two years still to go — is $3.60/gallon. That is on a pace to be the highest average under any president. Here is how prices stack up per gallon, from lowest to highest average for their terms:

Joe Biden (partial term) — $3.60

Barack Obama first term — $3.12

Barack Obama second term — $2.95

George W. Bush second term — $2.77

Donald Trump — $2.57

George W. Bush first term — $1.59

So, you can see how someone could argue that Republicans are better for gasoline prices. Presidents Bush and Trump were the only presidents that oversaw average gasoline price below $3.00/gallon for four consecutive years of a term.

But the truth is more nuanced than that. The technologies that led to the fracking boom were developed under a Republican president. That, in turn, is responsible for much of the ups and downs in the price over the years. But, Saudi Arabia/OPEC and the Covid-19 pandemic and subsequent recovery also had a huge impact. These factors were largely outside of a president’s control.

In the next article, I will discuss the evolution of oil production during each president’s term. President Obama presided over the largest expansion of oil (and gas) production in U.S. history. But, as with gasoline prices, context is important.

https://www.forbes.com/sites/rrapier/2023/03/08/average-gasoline-prices-under-the-past-four-presidents/?sh=1055f4f064e6

 

So @Pete... Obama handed that expansion of OIL AND GAS over to Trump, along with a Robust economy. 

You dumb fuck.

 

 

 

 

 

[Crnr2Crnr]

Which President Oversaw The Largest Changes In U.S. Oil Production?

Richard Nixon was inaugurated as the 37th president on January 20, 1969. In 1970, U.S. oil production began the first substantial decline in history. By the time Nixon left office in August 1974, production oil had declined by about 200,000 BPD from where it was when he entered office, but it was down 1.3 million BPD from its November 1970 peak of 10.04 million BPD. (Source).

Oil production continued to decline for the next 35 years. The decline was fairly steady until the early 2000s, but then the decline flattened.

The reason the decline began to slow was hydraulic fracturing was being combined with horizontal drilling to usher in the shale oil boom. The techniques had already been used on natural gas, and gas production had turned upward as a result. Many of these important developments took place during George W. Bush’s presidency.

But the real rewards would first be seen during President Obama’s terms. After oil production turned upward in 2009 — President Obama’s first year in office — over the next decade it would climb at the highest rate in U.S. history.

During President George W. Bush’s last year in office, U.S. oil production was 5.0 million BPD. By the end of President Obama’s first term, that had climbed to more than 7 million BPD.

By the third year of Obama’s second term, U.S. oil production had nearly doubled to 9.7 million BPD. However, a price war with OPEC caused oil prices to crash and oil production to subsequently decline during Obama’s fourth year. Nevertheless, from the beginning of Obama’s first term to the end of his second term, U.S. oil production increased by 3.7 million BPD (but at its high point, it was up 4.5 million BPD from his inauguration).

As President Trump came into office in 2017 — and oil prices began to recover from the devastating price war with OPEC — oil production began to rise again. Just before the Covid-19 pandemic hit the U.S., oil production had reached 13.0 million BPD, a monthly increase of 4.1 million BPD from Trump’s inauguration month.

This increase marks the greatest single term increase during any U.S. presidency. But Covid-19 would ultimately crash oil prices, in turn causing oil production to plummet by 3 million BPD. That marks the largest monthly oil production decline within a presidential term.

Oil production recovered somewhat by the end of Trump’s presidency. During Trump’s last month in office, production had recovered to 11.1 million BPD, which was still 2.2 million BPD higher than during his inauguration month.

Here’s how it all looks by each term. I measured the average annual production increase or decrease during each president’s term by subtracting the last year of production during a term from the last year of production during the preceding term.

Overall, the largest increase in oil production during any presidential term took place under President Trump (2.47 million BPD). The largest decline — nearly a million BPD — took place under President George Bush, Sr.

The largest increase in oil production during a presidency (two terms) took place under President Obama (3.8 million BPD across both terms). The largest decline during a presidency took place across President Clinton’s two terms (-1.35 million BPD).

Notably, since the fracking boom that developed under President Bush Jr., each presidency has seen an increase in U.S. oil production.

During President Biden’s first two years in office, production has increased by 0.57 million BPD. It’s a pretty safe bet that President Biden won’t reach the levels seen during the Obama and Trump administrations. But it also looks like Biden will extend that streak of production increases that started after President Bush Jr.

https://www.forbes.com/sites/rrapier/2023/03/16/which-president-oversaw-the-largest-changes-in-us-oil-production/?sh=12320cd760ff

 

how much of this was due to Trump @Pete?

what % of US OIL is used to make a gallon of fuel in the US?

 

I will cure your willful ignorance...

 

 

[ViperGTS/Z1]

1 hour ago, Pete said:

Gas was cheaper when trump was in office.

SBYL

And it will be again..... Speculation plays a huge part of the price... no matter what they say.  Global commodity my ass.... They've been brainwashed by MSM. 

Notice that no one's willing to take the bet that the gas will be going down When Trump is elected.   

[Pete]

The Kenyan owns high gas prices as well as plugs. Trump and bush both better. 

[Pete]

Both the Kenyan and plugs have a war on oil because the lunatic left told them to.

[1jkw]

15 minutes ago, Pete said:

Both the Kenyan and plugs have a war on oil because the lunatic left told them to.

Explain how that war increased US oil production.

[1jkw]

45 minutes ago, Crnr2Crnr said:

Which President Oversaw The Largest Changes In U.S. Oil Production?

Richard Nixon was inaugurated as the 37th president on January 20, 1969. In 1970, U.S. oil production began the first substantial decline in history. By the time Nixon left office in August 1974, production oil had declined by about 200,000 BPD from where it was when he entered office, but it was down 1.3 million BPD from its November 1970 peak of 10.04 million BPD. (Source).

Oil production continued to decline for the next 35 years. The decline was fairly steady until the early 2000s, but then the decline flattened.

The reason the decline began to slow was hydraulic fracturing was being combined with horizontal drilling to usher in the shale oil boom. The techniques had already been used on natural gas, and gas production had turned upward as a result. Many of these important developments took place during George W. Bush’s presidency.

But the real rewards would first be seen during President Obama’s terms. After oil production turned upward in 2009 — President Obama’s first year in office — over the next decade it would climb at the highest rate in U.S. history.

During President George W. Bush’s last year in office, U.S. oil production was 5.0 million BPD. By the end of President Obama’s first term, that had climbed to more than 7 million BPD.

By the third year of Obama’s second term, U.S. oil production had nearly doubled to 9.7 million BPD. However, a price war with OPEC caused oil prices to crash and oil production to subsequently decline during Obama’s fourth year. Nevertheless, from the beginning of Obama’s first term to the end of his second term, U.S. oil production increased by 3.7 million BPD (but at its high point, it was up 4.5 million BPD from his inauguration).

As President Trump came into office in 2017 — and oil prices began to recover from the devastating price war with OPEC — oil production began to rise again. Just before the Covid-19 pandemic hit the U.S., oil production had reached 13.0 million BPD, a monthly increase of 4.1 million BPD from Trump’s inauguration month.

This increase marks the greatest single term increase during any U.S. presidency. But Covid-19 would ultimately crash oil prices, in turn causing oil production to plummet by 3 million BPD. That marks the largest monthly oil production decline within a presidential term.

Oil production recovered somewhat by the end of Trump’s presidency. During Trump’s last month in office, production had recovered to 11.1 million BPD, which was still 2.2 million BPD higher than during his inauguration month.

Here’s how it all looks by each term. I measured the average annual production increase or decrease during each president’s term by subtracting the last year of production during a term from the last year of production during the preceding term.

Overall, the largest increase in oil production during any presidential term took place under President Trump (2.47 million BPD). The largest decline — nearly a million BPD — took place under President George Bush, Sr.

The largest increase in oil production during a presidency (two terms) took place under President Obama (3.8 million BPD across both terms). The largest decline during a presidency took place across President Clinton’s two terms (-1.35 million BPD).

Notably, since the fracking boom that developed under President Bush Jr., each presidency has seen an increase in U.S. oil production.

During President Biden’s first two years in office, production has increased by 0.57 million BPD. It’s a pretty safe bet that President Biden won’t reach the levels seen during the Obama and Trump administrations. But it also looks like Biden will extend that streak of production increases that started after President Bush Jr.

https://www.forbes.com/sites/rrapier/2023/03/16/which-president-oversaw-the-largest-changes-in-us-oil-production/?sh=12320cd760ff

 

how much of this was due to Trump @Pete?

what % of US OIL is used to make a gallon of fuel in the US?

 

I will cure your willful ignorance...

 

 

Np chance in hell you can cure his willful ignorance, it has no bounds

[1jkw]

35 minutes ago, ViperGTS/Z1 said:

And it will be again..... Speculation plays a huge part of the price... no matter what they say.  Global commodity my ass.... They've been brainwashed by MSM. 

Notice that no one's willing to take the bet that the gas will be going down When Trump is elected.   

It's highly unlikely that the US will produce much more BPD than it currently is.  No way to predict what wars or OPEC's production will have on world supply.

[Crnr2Crnr]

this was cute... 

 

[Pete]

Voter majority…gas was cheaper with trump in power.

SBYL

[Crnr2Crnr]

1 minute ago, Pete said:

Voter majority…gas was cheaper with trump in power.

SBYL

I swear you and @ViperGTS/Z1 share a brain.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

made you look... 

Edited March 30 by Crnr2Crnr

[Deephaven]

They share half a brain.