December 15, 20213 yr 15 minutes ago, downundermike said: Or stop being poor The reflexive need to defend Pop Pop has suddenly turned Democrats into Republicans arguing that poor people just need to work harder and smarter.
December 15, 20213 yr 7 minutes ago, The_Omega said: The reflexive need to defend Pop Pop has suddenly turned Democrats into Republicans arguing that poor people just need to work harder and smarter. It makes sense if you understand it’s a cult of the dumbest humans on earth.
December 26, 20213 yr 33 minutes ago, lynched1 said: AVgas is up to $5.75 a gallon out here We are paying a very fair price of 3.40 a gallon for gas in NJ
December 26, 20213 yr 54 minutes ago, Boogyman said: We are paying a very fair price of 3.40 a gallon for gas in NJ Low lead aviation fuel will cost more there too
December 26, 20213 yr 3 minutes ago, lynched1 said: Low lead aviation fuel will cost more there too Ok.
December 26, 20213 yr 1 hour ago, Boogyman said: We are paying a very fair price of 3.40 a gallon for gas in NJ 3.18 here in the PA
December 27, 20213 yr 20 hours ago, Boogyman said: We are paying a very fair price of 3.40 a gallon for gas in NJ That's almost a 70% increase from where NJ was a year ago. I wonder how "fair" the single mom making $30k per year thinks it is.
December 27, 20213 yr 19 hours ago, lynched1 said: Low lead aviation fuel will cost more there too the struggle of crop dusting is real.
December 27, 20213 yr 2 hours ago, The Norseman said: That's almost a 70% increase from where NJ was a year ago. I wonder how "fair" the single mom making $30k per year thinks it is. Compare it to pre-pandemic, not a year ago. And it's down over the last month as supply issues ease. Inflation is global and related to the pandemic. Still will affect politics, because regardless of the disconnect people associate gas prices with the president.
December 27, 20213 yr 4 hours ago, JohnSnowsHair said: Compare it to pre-pandemic, not a year ago. And it's down over the last month as supply issues ease. Inflation is global and related to the pandemic. Still will affect politics, because regardless of the disconnect people associate gas prices with the president. Inflation is global and related to the pandemic for sure, but there have been other, specific factors that have contributed to rising fuel prices.....namely around supply. Those have more to do with political decisions here and abroad. Either way, the struggling single mom in this country doesn't care why its up...but she sure as hell doesn't think its "fair".
December 28, 20213 yr 3 hours ago, The Norseman said: Inflation is global and related to the pandemic for sure, but there have been other, specific factors that have contributed to rising fuel prices.....namely around supply. Those have more to do with political decisions here and abroad. Either way, the struggling single mom in this country doesn't care why its up...but she sure as hell doesn't think its "fair". There is literally nothing that Biden has done that has constrained supply in 2021. One can argue that shutting down a pipeline that was years from completion and that would have carried some of the dirtiest oil on the planet may have negative supply effects at some future date, but 2021 was all about getting oil back to pre-pandemic levels (and it's not there yet). I've had this argument already here but you probably missed it. Pre-pandemic we had 700 or so active oil wells in the US. During the pandemic in 2020 this number went down close to 200. We're now back up somewhere close to 600. These are already drilled sites that are just coming back online to continue to improve the supply situation. And if you look at domestic oil production it's very much getting back to normal. Biden's policies did nothing to negatively affect the supply of oil in 2021. Hell, he opened up the strategic oil reserve which also helped improve supply somewhat. And a huge amount of land for offshore drilling was just auctioned off in November. The high gas prices were entirely about demand rising sharply post-pandemic, far faster than suppliers could get oil production back online. During that period prices rise. That's capitalism. If you want the government to step in, you're advocating for socialism. Which is all well and good, just understand what you're arguing for.
December 28, 20213 yr 13 hours ago, JohnSnowsHair said: There is literally nothing that Biden has done that has constrained supply in 2021. One can argue that shutting down a pipeline that was years from completion and that would have carried some of the dirtiest oil on the planet may have negative supply effects at some future date, but 2021 was all about getting oil back to pre-pandemic levels (and it's not there yet). What do you mean we're not back to pre-pandemic gas prices?
December 28, 20213 yr 13 hours ago, JohnSnowsHair said: There is literally nothing that Biden has done that has constrained supply in 2021. One can argue that shutting down a pipeline that was years from completion and that would have carried some of the dirtiest oil on the planet may have negative supply effects at some future date, but 2021 was all about getting oil back to pre-pandemic levels (and it's not there yet). I've had this argument already here but you probably missed it. Pre-pandemic we had 700 or so active oil wells in the US. During the pandemic in 2020 this number went down close to 200. We're now back up somewhere close to 600. These are already drilled sites that are just coming back online to continue to improve the supply situation. And if you look at domestic oil production it's very much getting back to normal. Biden's policies did nothing to negatively affect the supply of oil in 2021. Hell, he opened up the strategic oil reserve which also helped improve supply somewhat. And a huge amount of land for offshore drilling was just auctioned off in November. The high gas prices were entirely about demand rising sharply post-pandemic, far faster than suppliers could get oil production back online. During that period prices rise. That's capitalism. If you want the government to step in, you're advocating for socialism. Which is all well and good, just understand what you're arguing for. You're right on the demand side, but I think the supply side is a bit more complicated. OPEC cut production in line with falling demand during the pandemic and was hesitant to increase supply due to unclear future demand with the rising threat of variant related lockdowns. I'm not blaming Biden for the problem, but I do think his energy policy will lead to issues like this longer term...and most certainly he has re-established out dependence on foreign oil. All that being said, I do think its fair to criticize our energy policy for not seeing foreseeing rise demand and working to offset it. Seems pretty obvious to me that demand would rise (depleting supply) during the warmer months and the holidays on the heels of mass vaccination.
December 28, 20213 yr Why it is almost as if prices of food just keep going up every year. Wow wow wow
December 28, 20213 yr 1 minute ago, Toastrel said: Why it is almost as if prices of food just keep going up every year. Wow wow wow You do realize that chart isn't about food prices, right? In other words, you can read what the chart says and you understand the words?
December 28, 20213 yr 8 minutes ago, The Norseman said: You're right on the demand side, but I think the supply side is a bit more complicated. OPEC cut production in line with falling demand during the pandemic and was hesitant to increase supply due to unclear future demand with the rising threat of variant related lockdowns. I'm not blaming Biden for the problem, but I do think his energy policy will lead to issues like this longer term...and most certainly he has re-established out dependence on foreign oil. All that being said, I do think its fair to criticize our energy policy for not seeing foreseeing rise demand and working to offset it. Seems pretty obvious to me that demand would rise (depleting supply) during the warmer months and the holidays on the heels of mass vaccination. No, he hasn't. Our supply capacity is highly dependent on the price of oil, because a lot of our oil supply is tied up in tight and shale which is more expensive (and riskier from an investment standpoint) to produce. Vikas educated me a bit on how big investors are shying away from fossil fuels which is compounding the issue, but the fact of the matter is that unless oil sustains a price above a certain amount shale and tight are not going to be profitable. https://www.dallasfed.org/-/media/Documents/research/energy/energycharts.pdf/ Break even price to reactivate existing wells is much lower, cursory search says like $18/barrel but I am not going to stand by that figure. Either way it stands to reason that it makes no sense to do more than reactive wells at the moment, given the cost and risks of expanding shale. If oil stays above $80/barrel long enough that shale looks like a worthwhile risk, well that's all well and good for increasing domestic supply but it also means high prices at the pump.
December 28, 20213 yr 47 minutes ago, Kz! said: What do you mean we're not back to pre-pandemic gas prices? Again you lack reading comprehension. Read my post in its totality and come back. (Hint: it's not about gas prices. it's about oil production.)
December 29, 20213 yr https://www.foxbusiness.com/economy/inflation-expected-cool-slightly-remain-elevated Inflation sticking around in 2022 Goldman says inflation could get worse before it improves
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