Just now, Toastrel said:

No, I am not an expert.

I'm just not a frigging moron of your caliber. Which makes me look like an expert from your point of view, stuck in the dog crap on my boot.

No, actually I was ridiculing you for looking and behaving like a fool - as you just did again with this post.

LFG!

Make it so no one ever considers voting dem again.

On 5/26/2022 at 11:32 AM, dawkins4prez said:

I will never understand these "Libertarians' who think the POTUS is the CEO of the Global economy.  

Eh, it’s the Fed Chair mostly.

7 hours ago, EaglesRocker97 said:

 

General inflation was coming, but the price of gas as a commodity was always on track to mushroom during this century. It's derived from a limited resource of increasing scarcity whose extraction and refinement is becoming more and more costly with each passing year. People think it's expensive now, give it another 20 years. Maybe one day people will start seriously considering alternatives...

First of all, oil is becoming MORE abundant, not less. Proven oil reserves have more than doubled over the last 40 years.

Second of all, extraction and refinement costs are increasing mostly because of self imposed regulatory issues. It’s not like technology doesn’t improve and make things cheaper in a vacuum. It’s that one political ideology does everything they can to fight its use.

2 hours ago, Procus said:

As usual, your brains are stuck up your butt.  We had low oil prices through the Trump presidency.   People like you kicked and screamed during the entire term.  Biden was installed, and now the bottom fell out.  But "nothing" can be done to fix.

Were you born this stupid, or do you work extra hard at it?

It must be incredibly freeing to be as stupid as you. No need to examine any situation behind the superficial.

1 hour ago, Procus said:

The global oil expert

Many of us were saying that if Biden gets elected, the price of oil will climb, and there will be war.  Biden gets elected, the price of oil skyrockets, and we have a war with talk of WWIII.  But Toasty is the expert on global oil prices.  Ain't that rich.

These are the comments that you make when you don't know wtf you are talking about lol. Your tells are both obvious and plentiful.

 

So, last August, I made smoked pork butt, which I purchased from a local butcher for $3.99/lb. This weekend, I'm doing the same deal, and I bought it from the same butcher...for $2.89/lb. Quality looks the same. If this is Biden's America, I can dig it!

On 5/27/2022 at 8:21 AM, EaglesRocker97 said:

 

General inflation was coming, but the price of gas as a commodity was always on track to mushroom during this century. It's derived from a limited resource of increasing scarcity whose extraction and refinement is becoming more and more costly with each passing year. People think it's expensive now, give it another 20 years. Maybe one day people will start seriously considering alternatives...

 

Sri Lankan woman rickshaw driver has to queue 12 hours, or more, for fuel

https://www.msn.com/en-us/news/world/sri-lankan-woman-rickshaw-driver-has-to-queue-12-hours-or-more-for-fuel/ar-AAXTzGd?ocid=BingNews

 

Thanks Brandon, right?

On 5/27/2022 at 3:40 PM, TEW said:

Eh, it’s the Fed Chair mostly.

First of all, oil is becoming MORE abundant, not less. Proven oil reserves have more than doubled over the last 40 years.

Second of all, extraction and refinement costs are increasing mostly because of self imposed regulatory issues. It’s not like technology doesn’t improve and make things cheaper in a vacuum. It’s that one political ideology does everything they can to fight its use.

 

It's not "becoming" anything, it's just there and has been for millions of years. It's becoming more readily sourced due to industrial advancements, but that doesn't necessarily translate to lower prices at the pump, since extraction of remote sources is more capital/labor intensive, as is refinement of dirtier crude. I'm sure regulation (a necessary evil) has been a factor, but to say it's "mostly" due to this is an interesting contention that should be paired with a good amount of evidence and analysis to prove it.

7 hours ago, EaglesRocker97 said:

 

It's not "becoming" anything, it's just there and has been for millions of years. It's becoming more readily sourced due to industrial advancements, but that doesn't necessarily translate to lower prices at the pump, since extraction of remote sources is more capital/labor intensive, as is refinement of dirtier crude. I'm sure regulation (a necessary evil) has been a factor, but to say it's "mostly" due to this is an interesting contention that should be paired with a good amount of evidence and analysis to prove it.

Wrong. It’s becoming more abundant. Proven oil reserves are literally growing not shrinking over time. Neither you nor anyone else knows how much oil there is or isn’t or how quickly it might be replenished. Thus, oil abundance is measured in proven reserves, and proven reserves have been steadily rising.

And yeah, we’ve been over this before. The climate hysteria crowd has made financing and infrastructure near impossible. It is what it is. Congrats, they’re winning!, and this is the result.

38 minutes ago, TEW said:

Wrong. It’s becoming more abundant. Proven oil reserves are literally growing not shrinking over time. Neither you nor anyone else knows how much oil there is or isn’t or have quickly it might be replenished. Thus, oil abundance is measured in proven reserves, and proven reserves have been steadily rising.

And yeah, we’ve been over this before. The climate hysteria crowd has made financing and infrastructure near impossible. It is what it is. Congrats, they’re winning!, and this is the result.

Suck a D TEW, you make it sound like OPEC would be giving it away if the liburals would let them.  And yes, the transition is absolutely worth the cost.  A century of oil wars ain't enough for you?

11 minutes ago, dawkins4prez said:

Suck a D TEW, you make it sound like OPEC would be giving it away if the liburals would let them.  And yes, the transition is absolutely worth the cost.  A century of oil wars ain't enough for you?

OPEC? No.

And no, the transition is absolutely not worth the cost.

4 minutes ago, dawkins4prez said:

Suck a D TEW, you make it sound like OPEC would be giving it away if the liburals would let them.  And yes, the transition is absolutely worth the cost.  A century of oil wars ain't enough for you?

Yeah Suck a D TEW- so what if the cost of oil/gas keeps rising, so what if that also drives the cost of everything else, who cares if it costs more to transport everything we consume and that price is passed on to the consumers? Who cares if petroleum products are used in the production of others products. And just because the current president has throttled current and future supply from the US doesn't mean that it's a Global market and with overall less supply, and less future supply ability that the demand will not change. Who cares. 

 

Suck it TEW and SUCK the high cost of everything. 
 

(it's as if you have no clue it hurts you, your family and everyone you know as well. )

2 minutes ago, TEW said:

OPEC? No.

And no, the transition is absolutely not worth the cost.

This happens whenever people try to force change. It is always better when it happens organically.  Change will happen over time naturally, we didn't force people to go from Horses to Cars. We shouldn't force people to go from Fossil Fuels to renewable energies. The cost is too high, and I am not just talking about $

1 hour ago, TEW said:

Wrong. It’s becoming more abundant. Proven oil reserves are literally growing not shrinking over time.

 

They are finding more oil. The amount that his been naturally replenished by geological processes over the last 160 years is infinitesimal. If you honestly think that the Earth is creating petroleum faster than we're using it up, then I don't really know where to go with this conversation.

https://www.agweb.com/news/policy/politics/usda-raises-2022-food-inflation-forecasts-again-highest-grocery-food-price#:~:text=Details of the Report%3A,they rose 7.8% in 1981.

 

 

Quote

 

By JIM WIESEMEYER May 25, 2022

 

USDA raised its estimated range of 6.5%-7.5% y/y increase from a range of 5%-6%, according to the May Food Price Outlook report, the highest forecast for all food prices and restaurant prices since 1981, and the highest grocery store price boosts since 1980. 

The biggest increase is eggs for the second month in a row, hiked to a 19.5%-20.5% range from a 6%-7% range. Just two months ago, USDA had egg inflation at 2.5%-3.5% y/y. 

Other categories with big increases: pork, poultry, fats and oils. 

Details of the Report: 

• Consumer price index (CPI) for all food: a rise of 6.5% to 7.5% in 2022 vs 2021, up from 5% to 6% in April and using the midpoint of USDA’s range biggest rise in food prices since they rose 7.8% in 1981.
• Food away from home (restaurant) prices: up 6% to 7% in 2022, from April forecast of up 5.5% to 6.5%. That is the biggest rise in restaurant prices since 1981 when they increased 9%.
• Food at home (grocery store) prices: up 7% to 8%, versus April outlook of a rise of 5% to 6%. That would be the highest grocery store price rise since 1980 when prices rose 8.1% — prices rose 7.2% in 1981.

 

•  

2 years ago I was paying 4.9 cents per kwh for electricity - now I'm paying 11.7 cents with another increase coming.

 

32 minutes ago, mikemack8 said:

2 years ago I was paying 4.9 cents per kwh for electricity - now I'm paying 11.7 cents with another increase coming.

 

I’m afraid to see what my electric bill will look like this month. My natural gas rates went up ~ 30% in January. 

On 5/31/2022 at 2:47 PM, dawkins4prez said:

 And yes, the transition is absolutely worth the cost.  

You haven't begun to pay the cost.

A transition to a make believe future that no one is anywhere close to prepared for is cruel lunacy. 

Thanks dementia Joe!

Yikes 

A Record 51% of US Small-Business Owners Had Vacancies in May

https://www.bloomberg.com/news/articles/2022-06-02/a-record-51-of-us-small-business-owners-had-vacancies-in-may

Have to wonder how people that have oil heating,  will afford to heat their homes next winter...... ish was expensive 8 years ago when I moved from DE down to FL. Can't imagine what it is now.