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Location: Not Where I Want to Be | NJJ - 2022-04-12 2:03 PM
run n rate - 2022-04-12 12:25 PM
Do Sleepy Joe is set to announce that he will allow E15 fuel to be sold in the US this summer to help with the cost of fuel and availablity. Why is this important as well as a WTH moment??? E15 gas is what is typically sold during the winter but it is , for lack of a better understanding of the big words, too polluting to use in the hotter weather.
Um, isn't the reason he isn't allowing the XL pipeline because it's harmful to the enviroment??? His poll numbers have dipped, he can't backtrack or he loses his progressive wing so this is the bait and switch they came up with??? We all know Biden doesn't answer his own questions so I can't wait to hear Psaki's spin on this one, or am I not putting 2 and 2 together properly with this new common core math???
What do you REALLY know about the Keystone Pipeline?????? The Keystone XL pipeline was designed to transport the dirtiest fossil fuel, tar sands oil, from CANADA to market through Montana and South Dakota to Steele City, Nebraska to the Gulf for EXPORT ONLY. Tar sands oil is thicker, more acidic, and more corrosive and this ups the likelihood that a pipeline carrying it will leak. It was a threat to climate, ecosystems, drinking water sources, and public health. Since it first went into operation in 2010, TC Energy’s original Keystone Pipeline System has leaked more than a DOZEN TIMES. The shut down portion would have crossed agriculturally important and environmentally sensitive areas, including hundreds of rivers, streams, aquifers, and water bodies, including Nebraska’s Ogallala Aquifer, which provides drinking water for millions as well as 30 percent of America’s irrigation water. And would have done NOTHING to lower any fuel prices in the U.S.
bet one of Doc Bears paychecks there is a picture of a mynah bird on your DL | |
| | |
 Guys Just Wanna Have Fun
Posts: 5530
 
Location: OH | NJJ - 2022-04-12 7:16 PM
run n rate - 2022-04-12 4:38 PM
Isn't that same oil being transported by rail and truck over our roads and thru our lands though?
Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline.
Pumping that oil is not the best method of transportation. Railroads are better.
Tar sands are a form of bituminous petroleum.
To pump tar-sands oil it must be diluted and pumped at high pressure.
Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines.
Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit.
At the receiving end, it is heated to unload.
When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S.
We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America!
Price will continue to rise since Russia supplies about 20% of crude oil on the world market.
No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets. | |
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  Fact Checker
Posts: 16572
Location: Displaced Iowegian | Mighty Broke - 2022-04-13 7:50 AM
NJJ - 2022-04-12 7:16 PM
run n rate - 2022-04-12 4:38 PM
Isn't that same oil being transported by rail and truck over our roads and thru our lands though?
Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline.
Pumping that oil is not the best method of transportation. Railroads are better.
Tar sands are a form of bituminous petroleum.
To pump tar-sands oil it must be diluted and pumped at high pressure.
Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines.
Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit.
At the receiving end, it is heated to unload.
When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S.
We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America!
Price will continue to rise since Russia supplies about 20% of crude oil on the world market.
No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets.
I will preface this by saying that I retired from the Compliance Dept of a Broker-Dealer so I am well aware of how the "futures" market works. That being said, it is somewhat more complicated than JUST the futures market..... the futures market is the "expected" price down the road but there are many factors rolled into the price of oil ..... GLOBAL supply & demand, weather, natural disasters, war, etc etc etc .... and it STILL boils down that OPEC sets the prices ....NOT the President. I wonder how many of you were just as outraged in the years of 2007-2008 when the gas and diesel prices SOARED ...... and we had BUSH for a President.....was it HIS fault? | |
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Guys Just Wanna Have Fun
Posts: 5530
Location: OH | NJJ - 2022-04-13 9:11 AM
Mighty Broke - 2022-04-13 7:50 AM
NJJ - 2022-04-12 7:16 PM
run n rate - 2022-04-12 4:38 PM
Isn't that same oil being transported by rail and truck over our roads and thru our lands though?
Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline.
Pumping that oil is not the best method of transportation. Railroads are better.
Tar sands are a form of bituminous petroleum.
To pump tar-sands oil it must be diluted and pumped at high pressure.
Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines.
Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit.
At the receiving end, it is heated to unload.
When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S.
We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America!
Price will continue to rise since Russia supplies about 20% of crude oil on the world market.
No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets.
I will preface this by saying that I retired from the Compliance Dept of a Broker-Dealer so I am well aware of how the "futures" market works. That being said, it is somewhat more complicated than JUST the futures market..... the futures market is the "expected" price down the road but there are many factors rolled into the price of oil ..... GLOBAL supply & demand, weather, natural disasters, war, etc etc etc .... and it STILL boils down that OPEC sets the prices ....NOT the President.
I wonder how many of you were just as outraged in the years of 2007-2008 when the gas and diesel prices SOARED ...... and we had BUSH for a President.....was it HIS fault?
OPEC does not set the prices--the manipulate the prices by raising and lowering their production, but they DO NOT set pricing. | |
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Guys Just Wanna Have Fun
Posts: 5530
Location: OH | I also agree that the President does not set oil prices but their policies are definitely a contributing factor. | |
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Fact Checker
Posts: 16572
Location: Displaced Iowegian | Mighty Broke - 2022-04-13 8:42 AM NJJ - 2022-04-13 9:11 AM Mighty Broke - 2022-04-13 7:50 AM NJJ - 2022-04-12 7:16 PM run n rate - 2022-04-12 4:38 PM Isn't that same oil being transported by rail and truck over our roads and thru our lands though? Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline. Pumping that oil is not the best method of transportation. Railroads are better. Tar sands are a form of bituminous petroleum. To pump tar-sands oil it must be diluted and pumped at high pressure. Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines. Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit. At the receiving end, it is heated to unload. When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S. We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America! Price will continue to rise since Russia supplies about 20% of crude oil on the world market. No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets. I will preface this by saying that I retired from the Compliance Dept of a Broker-Dealer so I am well aware of how the "futures" market works. That being said, it is somewhat more complicated than JUST the futures market..... the futures market is the "expected" price down the road but there are many factors rolled into the price of oil ..... GLOBAL supply & demand, weather, natural disasters, war, etc etc etc .... and it STILL boils down that OPEC sets the prices ....NOT the President. I wonder how many of you were just as outraged in the years of 2007-2008 when the gas and diesel prices SOARED ...... and we had BUSH for a President.....was it HIS fault? OPEC does not set the prices--the manipulate the prices by raising and lowering their production, but they DO NOT set pricing. You are "partially" correct ...... the price of oil fluctuates according to the factors of current supply, future supply, and expected global demand. Members of OPEC control 40% of the world's oil. Therefore, THEY do set the price of oil. The distinction is to the "WHY" (the factors listed above) of the price set by them. Edited to add: The first two phases of the Keystone Pipeline (TC Energy) are STILL up and running and moving "crude oil" .... The distinction that keeps getting thrown into the mix is the Keystone XL pipeline that was SHUT DOWN .... THAT portion was to ONLY move the dirty tars sands for EXPORT as explained in previous posts ....... it would NOT affect oil production or gas prices.
Edited by NJJ 2022-04-13 10:00 AM
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Guys Just Wanna Have Fun
Posts: 5530
Location: OH | NJJ - 2022-04-13 10:49 AM
Mighty Broke - 2022-04-13 8:42 AM
NJJ - 2022-04-13 9:11 AM
Mighty Broke - 2022-04-13 7:50 AM
NJJ - 2022-04-12 7:16 PM
run n rate - 2022-04-12 4:38 PM
Isn't that same oil being transported by rail and truck over our roads and thru our lands though?
Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline.
Pumping that oil is not the best method of transportation. Railroads are better.
Tar sands are a form of bituminous petroleum.
To pump tar-sands oil it must be diluted and pumped at high pressure.
Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines.
Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit.
At the receiving end, it is heated to unload.
When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S.
We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America!
Price will continue to rise since Russia supplies about 20% of crude oil on the world market.
No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets.
I will preface this by saying that I retired from the Compliance Dept of a Broker-Dealer so I am well aware of how the "futures" market works. That being said, it is somewhat more complicated than JUST the futures market..... the futures market is the "expected" price down the road but there are many factors rolled into the price of oil ..... GLOBAL supply & demand, weather, natural disasters, war, etc etc etc .... and it STILL boils down that OPEC sets the prices ....NOT the President.
I wonder how many of you were just as outraged in the years of 2007-2008 when the gas and diesel prices SOARED ...... and we had BUSH for a President.....was it HIS fault?
OPEC does not set the prices--the manipulate the prices by raising and lowering their production, but they DO NOT set pricing.
You are "partially" correct ...... the price of oil fluctuates according to the factors of current supply, future supply, and expected global demand. Members of OPEC control 40% of the world's oil. Therefore, THEY do set the price of oil. The distinction is to the "WHY" (the factors listed above) of the price set by them.
Edited to add: The first two phases of the Keystone Pipeline (TC Energy) are STILL up and running and moving "crude oil" .... The distinction that keeps getting thrown into the mix is the Keystone XL pipeline that was SHUT DOWN .... THAT portion was to ONLY move the dirty tars sands for EXPORT as explained in previous posts ....... it would NOT affect oil production or gas prices.
Again---OPEC does NOT set the prices, they manipulate the market how they please by adjusting production. They do not say---this week oil is going to be $ 100 a barrel---the markets set that price driven by the Futures Market which is driven by all the outside factors that you listed. | |
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Fact Checker
Posts: 16572
Location: Displaced Iowegian | Mighty Broke - 2022-04-13 11:46 AM
NJJ - 2022-04-13 10:49 AM
Mighty Broke - 2022-04-13 8:42 AM
NJJ - 2022-04-13 9:11 AM
Mighty Broke - 2022-04-13 7:50 AM
NJJ - 2022-04-12 7:16 PM
run n rate - 2022-04-12 4:38 PM
Isn't that same oil being transported by rail and truck over our roads and thru our lands though?
Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline.
Pumping that oil is not the best method of transportation. Railroads are better.
Tar sands are a form of bituminous petroleum.
To pump tar-sands oil it must be diluted and pumped at high pressure.
Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines.
Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit.
At the receiving end, it is heated to unload.
When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S.
We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America!
Price will continue to rise since Russia supplies about 20% of crude oil on the world market.
No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets.
I will preface this by saying that I retired from the Compliance Dept of a Broker-Dealer so I am well aware of how the "futures" market works. That being said, it is somewhat more complicated than JUST the futures market..... the futures market is the "expected" price down the road but there are many factors rolled into the price of oil ..... GLOBAL supply & demand, weather, natural disasters, war, etc etc etc .... and it STILL boils down that OPEC sets the prices ....NOT the President.
I wonder how many of you were just as outraged in the years of 2007-2008 when the gas and diesel prices SOARED ...... and we had BUSH for a President.....was it HIS fault?
OPEC does not set the prices--the manipulate the prices by raising and lowering their production, but they DO NOT set pricing.
You are "partially" correct ...... the price of oil fluctuates according to the factors of current supply, future supply, and expected global demand. Members of OPEC control 40% of the world's oil. Therefore, THEY do set the price of oil. The distinction is to the "WHY" (the factors listed above) of the price set by them.
Edited to add: The first two phases of the Keystone Pipeline (TC Energy) are STILL up and running and moving "crude oil" .... The distinction that keeps getting thrown into the mix is the Keystone XL pipeline that was SHUT DOWN .... THAT portion was to ONLY move the dirty tars sands for EXPORT as explained in previous posts ....... it would NOT affect oil production or gas prices.
Again---OPEC does NOT set the prices, they manipulate the market how they please by adjusting production. They do not say---this week oil is going to be $ 100 a barrel---the markets set that price driven by the Futures Market which is driven by all the outside factors that you listed.
LOL .... It is kind of a to-MA-to ..... to-MAH-to ... scenario ..... OR the defintion of "controls" or "sets" the price ...... Anyway....THANK YOU for the kind and intelligent discussion which is rare here on BHW! | |
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 BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | The original question was "Tell me about Biden....why is he so good?".
He isn't. He's rotten, senile, crooked as a dog's hind leg, and incompetent. Two out of three Americans disapprove of him on every major issue. His wife should be charged with elder abuse for allowing him to be used like a cheap whore as a puppet. He's shot. Democrats know he's toast. Even Joe knows he is toast. The evil bastards who are really in control probably saw this coming, and in their twisted minds, that is actually fortuitous. Joe's agenda is a scorched earth approach. Don't believe me? Look around. We are living in a bizarre, dystopian Twilight Zone. I don't need to list everything. We all know the long list. Joe is piloting a liberal Kamikaze attack. His mission is to take us all down with him. THAT is where his handlers came up with "BUILD BACK BETTER". First, destroy America, then, the liberal globalist dystopia will " build back". | |
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BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | 
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 Hugs to You
Posts: 7550
Location: In The Land of Cotton | No one still hasn't posted as to why Biden is so good. And what he has done to make America better. 
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Guys Just Wanna Have Fun
Posts: 5530
Location: OH | Bear - 2022-04-13 8:25 PM
The original question was "Tell me about Biden....why is he so good?".
He isn't. He's rotten, senile, crooked as a dog's hind leg, and incompetent. Two out of three Americans disapprove of him on every major issue. His wife should be charged with elder abuse for allowing him to be used like a cheap whore as a puppet. He's shot. Democrats know he's toast. Even Joe knows he is toast. The evil bastards who are really in control probably saw this coming, and in their twisted minds, that is actually fortuitous. Joe's agenda is a scorched earth approach. Don't believe me? Look around. We are living in a bizarre, dystopian Twilight Zone. I don't need to list everything. We all know the long list.
Joe is piloting a liberal Kamikaze attack. His mission is to take us all down with him. THAT is where his handlers came up with "BUILD BACK BETTER". First, destroy America, then, the liberal globalist dystopia will " build back".
I have been saying this for years, people will not understand what is truly going on till the come to the realization that there are many people in our government that do not want America to be the Shining City On A Hill. They are Globalist who want a one world government--Global Warming was about this. Transfer of wealth out of America. Biden can be controlled, so can Harris---this is why they were PLACED there, how else can you explain putting Harris on the ticket when she couldn't get hardly any votes in the primaries. | |
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 Famous for Not Complaining
Posts: 8848
Location: Broxton, Ga | NJJ - 2022-04-12 9:11 AM
Mighty Broke - 2022-04-13 7:50 AM
NJJ - 2022-04-12 7:16 PM
run n rate - 2022-04-12 4:38 PM
Isn't that same oil being transported by rail and truck over our roads and thru our lands though?
Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline.
Pumping that oil is not the best method of transportation. Railroads are better.
Tar sands are a form of bituminous petroleum.
To pump tar-sands oil it must be diluted and pumped at high pressure.
Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines.
Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit.
At the receiving end, it is heated to unload.
When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S.
We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America!
Price will continue to rise since Russia supplies about 20% of crude oil on the world market.
No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets.
I will preface this by saying that I retired from the Compliance Dept of a Broker-Dealer so I am well aware of how the "futures" market works. That being said, it is somewhat more complicated than JUST the futures market..... the futures market is the "expected" price down the road but there are many factors rolled into the price of oil ..... GLOBAL supply & demand, weather, natural disasters, war, etc etc etc .... and it STILL boils down that OPEC sets the prices ....NOT the President.
I wonder how many of you were just as outraged in the years of 2007-2008 when the gas and diesel prices SOARED ...... and we had BUSH for a President.....was it HIS fault?
Well since you like to dig up bones ....aka the past well Nancy Pelosi blamed Bush.....Js And as far as your supply and demand theory...if we increase supply in the USA will that not help the global market...but wait Biden would rather ask anyone but the USA oil producers for more oil....who Biden has helped shutdown since day 1 of his great administration..... | |
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 Elite Veteran
Posts: 754
Location: Arkansas |
Anyway....THANK YOU for the kind and intelligent discussion which is rare here on BHW!
I was just about to post the same thing. It is refreshing to read an honest, educated conversion between two people with opposite viewpoints. THANK YOU both for that! | |
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Famous for Not Complaining
Posts: 8848
Location: Broxton, Ga | 3canstorun - 2022-04-13 8:52 AM
No one still hasn't posted as to why Biden is so good. And what he has done to make America better.
Kinda like crickets | |
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Hugs to You
Posts: 7550
Location: In The Land of Cotton | CJE - 2022-04-14 10:10 AM
NJJ - 2022-04-12 9:11 AM
Mighty Broke - 2022-04-13 7:50 AM
NJJ - 2022-04-12 7:16 PM
run n rate - 2022-04-12 4:38 PM
Isn't that same oil being transported by rail and truck over our roads and thru our lands though?
Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline.
Pumping that oil is not the best method of transportation. Railroads are better.
Tar sands are a form of bituminous petroleum.
To pump tar-sands oil it must be diluted and pumped at high pressure.
Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines.
Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit.
At the receiving end, it is heated to unload.
When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S.
We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America!
Price will continue to rise since Russia supplies about 20% of crude oil on the world market.
No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets.
I will preface this by saying that I retired from the Compliance Dept of a Broker-Dealer so I am well aware of how the "futures" market works. That being said, it is somewhat more complicated than JUST the futures market..... the futures market is the "expected" price down the road but there are many factors rolled into the price of oil ..... GLOBAL supply & demand, weather, natural disasters, war, etc etc etc .... and it STILL boils down that OPEC sets the prices ....NOT the President.
I wonder how many of you were just as outraged in the years of 2007-2008 when the gas and diesel prices SOARED ...... and we had BUSH for a President.....was it HIS fault?
Well since you like to dig up bones ....aka the past well Nancy Pelosi blamed Bush.....Js
And as far as your supply and demand theory...if we increase supply in the USA will that not help the global market...but wait Biden would rather ask anyone but the USA oil producers for more oil....who Biden has helped shutdown since day 1 of his great administration.....
The scariest thing should be the fact that this administration is asking foreign leaders who are known dictators to sell us oil. Venezula and Iraq. And using nuclear weapons as bargaining chips. Rather then promote US oil. | |
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Fact Checker
Posts: 16572
Location: Displaced Iowegian | 3canstorun - 2022-04-14 12:25 PM
CJE - 2022-04-14 10:10 AM
NJJ - 2022-04-12 9:11 AM
Mighty Broke - 2022-04-13 7:50 AM
NJJ - 2022-04-12 7:16 PM
run n rate - 2022-04-12 4:38 PM
Isn't that same oil being transported by rail and truck over our roads and thru our lands though?
Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline.
Pumping that oil is not the best method of transportation. Railroads are better.
Tar sands are a form of bituminous petroleum.
To pump tar-sands oil it must be diluted and pumped at high pressure.
Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines.
Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit.
At the receiving end, it is heated to unload.
When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S.
We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America!
Price will continue to rise since Russia supplies about 20% of crude oil on the world market.
No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets.
I will preface this by saying that I retired from the Compliance Dept of a Broker-Dealer so I am well aware of how the "futures" market works. That being said, it is somewhat more complicated than JUST the futures market..... the futures market is the "expected" price down the road but there are many factors rolled into the price of oil ..... GLOBAL supply & demand, weather, natural disasters, war, etc etc etc .... and it STILL boils down that OPEC sets the prices ....NOT the President.
I wonder how many of you were just as outraged in the years of 2007-2008 when the gas and diesel prices SOARED ...... and we had BUSH for a President.....was it HIS fault?
Well since you like to dig up bones ....aka the past well Nancy Pelosi blamed Bush.....Js
And as far as your supply and demand theory...if we increase supply in the USA will that not help the global market...but wait Biden would rather ask anyone but the USA oil producers for more oil....who Biden has helped shutdown since day 1 of his great administration.....
The scariest thing should be the fact that this administration is asking foreign leaders who are known dictators to sell us oil. Venezula and Iraq. And using nuclear weapons as bargaining chips.
Rather then promote US oil.
Should we be asking the oil companies WHY there are over NINE THOUSAND unused approved drilling permits? or WHY they have not increased their productivity? | |
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Guys Just Wanna Have Fun
Posts: 5530
Location: OH | NJJ - 2022-04-14 1:45 PM
3canstorun - 2022-04-14 12:25 PM
CJE - 2022-04-14 10:10 AM
NJJ - 2022-04-12 9:11 AM
Mighty Broke - 2022-04-13 7:50 AM
NJJ - 2022-04-12 7:16 PM
run n rate - 2022-04-12 4:38 PM
Isn't that same oil being transported by rail and truck over our roads and thru our lands though?
Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline.
Pumping that oil is not the best method of transportation. Railroads are better.
Tar sands are a form of bituminous petroleum.
To pump tar-sands oil it must be diluted and pumped at high pressure.
Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines.
Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit.
At the receiving end, it is heated to unload.
When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S.
We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America!
Price will continue to rise since Russia supplies about 20% of crude oil on the world market.
No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets.
I will preface this by saying that I retired from the Compliance Dept of a Broker-Dealer so I am well aware of how the "futures" market works. That being said, it is somewhat more complicated than JUST the futures market..... the futures market is the "expected" price down the road but there are many factors rolled into the price of oil ..... GLOBAL supply & demand, weather, natural disasters, war, etc etc etc .... and it STILL boils down that OPEC sets the prices ....NOT the President.
I wonder how many of you were just as outraged in the years of 2007-2008 when the gas and diesel prices SOARED ...... and we had BUSH for a President.....was it HIS fault?
Well since you like to dig up bones ....aka the past well Nancy Pelosi blamed Bush.....Js
And as far as your supply and demand theory...if we increase supply in the USA will that not help the global market...but wait Biden would rather ask anyone but the USA oil producers for more oil....who Biden has helped shutdown since day 1 of his great administration.....
The scariest thing should be the fact that this administration is asking foreign leaders who are known dictators to sell us oil. Venezula and Iraq. And using nuclear weapons as bargaining chips.
Rather then promote US oil.
Should we be asking the oil companies WHY there are over NINE THOUSAND unused approved drilling permits? or WHY they have not increased their productivity?
I think sometimes these things are a matter of perception---just because a lease has been granted on Federal land does not necessarily mean that there is oil there to be drilled for. A lot of time and testing has to go to that determination. | |
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Famous for Not Complaining
Posts: 8848
Location: Broxton, Ga | NJJ - 2022-04-13 1:45 PM
3canstorun - 2022-04-14 12:25 PM
CJE - 2022-04-14 10:10 AM
NJJ - 2022-04-12 9:11 AM
Mighty Broke - 2022-04-13 7:50 AM
NJJ - 2022-04-12 7:16 PM
run n rate - 2022-04-12 4:38 PM
Isn't that same oil being transported by rail and truck over our roads and thru our lands though?
Yes, it is currently being shipped by ship and railroad. However, there is a distinction between crude oil and tar sands (explained in my prior post), which they wanted to ship through the Keystone XL pipeline.
Pumping that oil is not the best method of transportation. Railroads are better.
Tar sands are a form of bituminous petroleum.
To pump tar-sands oil it must be diluted and pumped at high pressure.
Pumping at high pressure causes heat build-up and increases the problem of leakage in pipelines.
Railroad transportation is better in that the “oil” is heated and loaded into tank cars where it solidifies for transit.
At the receiving end, it is heated to unload.
When the tar-sands oil gets to a port or refiner, it will go to CHINA, not the U.S.
We can pump all the oil we want and there will be no change in the price per barrel, since OPEC sets the price of oil on the world market, NOT America!
Price will continue to rise since Russia supplies about 20% of crude oil on the world market.
No disrespect intended, but that is not actually how the economy works. The futures market controls price---this is why when Biden was elected the prices gradually started going up, even though there was no actual policy change yet. The futures market knew that there would be change---it is quite simple to get prices to come down, all that President Biden has to do is say that the y are " thinking about" ramping up US production and they are going to revisit the Keystone Pipeline---they do not even really have to mean it, but the prices would drop immediately because it would scare the speculators on the Futures Markets.
I will preface this by saying that I retired from the Compliance Dept of a Broker-Dealer so I am well aware of how the "futures" market works. That being said, it is somewhat more complicated than JUST the futures market..... the futures market is the "expected" price down the road but there are many factors rolled into the price of oil ..... GLOBAL supply & demand, weather, natural disasters, war, etc etc etc .... and it STILL boils down that OPEC sets the prices ....NOT the President.
I wonder how many of you were just as outraged in the years of 2007-2008 when the gas and diesel prices SOARED ...... and we had BUSH for a President.....was it HIS fault?
Well since you like to dig up bones ....aka the past well Nancy Pelosi blamed Bush.....Js
And as far as your supply and demand theory...if we increase supply in the USA will that not help the global market...but wait Biden would rather ask anyone but the USA oil producers for more oil....who Biden has helped shutdown since day 1 of his great administration.....
The scariest thing should be the fact that this administration is asking foreign leaders who are known dictators to sell us oil. Venezula and Iraq. And using nuclear weapons as bargaining chips.
Rather then promote US oil.
Should we be asking the oil companies WHY there are over NINE THOUSAND unused approved drilling permits? or WHY they have not increased their productivity?
If you listened to something besides CNN and MSNBC, etc .....you would know the answer....instead of this democratic talking point... | |
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Hugs to You
Posts: 7550
Location: In The Land of Cotton | As stated by others. Just because there are permits doesn't mean they have 109% go from the government. It means they have a permit. Then they have to do test drilling , environmental studies etc etc. It isn't a get a permit and start. At any point if the studies a show any one thing out of order - like a green, crossed eyed, one legged frog lived there, the government pulls the permit. So stop using that line and do some research.
You still haven't stated one find thing Biden has done. | |
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Folks on-line