The difference being Biden wants the US away from using fossil fuels - he's getting his wish. It's the only way renewables and green energy can compete. We did it Joe.

Not surging!!

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(05-27-2022 07:21 AM)gdunn Wrote:  It's amazing a President shuts down all domestic oil production and then begs other countries for oil, but he's not at fault. Hot take.

Perfect example of brainwashing. In reality, Biden actually wants to force oil companies to drill more on government lands. How is that ending oil production?! It's not a gimmick either because Joe Mansion supports the idea.

Biden Wants Oil Companies to Pay Penalties on Unused Drilling Leases

And this doesn't hide the fact that oil production increased under Obama more than any other President in history when Biden was VP.

(05-27-2022 08:01 AM)TigerBlue4Ever Wrote:  I'll be willing to bet on it. I'd even be willing to bet they can run anyone they want in the next national election and they won't renew their grip on the executive office. If the dems win I will never post here again, if the lose you slink back into the darkness and never come here again, bet?

Of course that assumes that we will have a free and fair election...

I try to be optimistic no matter who is President. Like for example there's a positive on Republicans taking complete control. It will expose all their radical social policies and FINALLY bring that all to a head, hopefully washing it out of the party platform so it can be a viable party to vote for again. I was a Reagan Republican in the 80's before their social policy truly radicalized and before the authoritarian shift with Trump. If all of that can be exposed and cleansed with complete GOP control, BRING IT ON! But it is indeed high risk. We could lose our democracy. And we ALL lose if happens. The joke would be on all of us.

(05-27-2022 02:59 AM)scorpius Wrote:  What are we? 12?

Blaming gas prices on Biden after less than 2 years in office means you'd have no problem blaming George W Bush on even higher (the highest ever recorded in the U.S.) inflation-adjusted gas prices in 2008 when he was in office for over 7 years, right?

Back in 2012, I predicted that the summer of 2008 will end up being the highest, inflation-adjusted, oil will ever get. That was peak-oil. But like I said in the original prediction, the only way it doesn't happen is if there is a supply shock from some place like Iran. Russia playing an Iran on us is the same difference. Regardless, I still stand behind that prediction. I highly doubt despite the current Russia problem, we ever go beyond the highs of 2008 after 7 years of Bush.

My prediction back in 2012:
https://csnbbs.com/thread-578098-post-80...pid8070871

As you can see in the graphs below, we're no where near peak inflation-adjusted oil prices set back 2008. Gas peaked at about $5.50 (inflation-adjusted) back then after 7 years of Bush. We're only at $4.60 now. I'm calling it, I still don't think we go over the Bush 2008 peak even in domestic average gas prices unless the Russia situation gets dramatically worse.. which I highly doubt.

Either way, common sense say Bush had little to do with inflation back then, and Biden has even less influence on it today than Bush did back then. Presidents historically have no significant short-term effect on inflation. It would take a whole term in office before having any hope to have any meaningful impact, and even that is unlikely.

Id say one difference is we didnt have 8%+ across the board inflation under Bush---so the effect was less significant. Secondly, Bush never declared war on oil companies nor did he every do anthing designed to overtly curb oil production. So---those spikes under Bush were a bit different.

That said---dont get too comfortable with that prediction. We may very well hit that $5.50 inflation adjusted number as we cant keep pulling oil out of the strategic reserve forever. I still think the only reason we wont make it that high is that demand will drop. Consumers will likely change their driving behavior with gas prices this high and recessions (which we may very well be 5 months into a recession) generally are accompanied by reduced oil demand. However, if we arent in recession by June (like I said---I think we are already in recession), then we could easily top those inflation adjusted gas price highs by the end of summer.

(05-27-2022 02:03 PM)Attackcoog Wrote:  Id say one difference is we didnt have 8%+ across the board inflation under Bush---so the effect was less significant. Secondly, Bush never declared war on oil companies nor did he every do anthing designed to overtly curb oil production. So---those spikes under Bush were a bit different.

That said---dont get too comfortable with that prediction. We may very well hit that $5.50 inflation adjusted number as we cant keep pulling oil out of the strategic reserve forever. I still think the only reason we wont make it that high is that demand will drop. Consumers will likely change their driving behavior with gas prices this high and recessions (which we may very well be 5 months into a recession) generally are accompanied by reduced oil demand. However, if we arent in recession by June (like I said---I think we are already in recession), then we could easily top those inflation adjusted gas price highs by the end of summer.

In my original prediction 10 years ago, I indicated the supply shock would have to happen before 2020 to have a significant chance of breaking the record oil price. We are well past 2020 now. The fact that we had two MAJOR supply/demand shocks working in tandem (Russia and the pandemic snapback) to spike the price of oil and it STILL hasn't come anywhere near the record, just goes to show you how right I was with that prediction.

(05-27-2022 02:19 PM)scorpius Wrote:  

(05-27-2022 02:03 PM)Attackcoog Wrote:  Id say one difference is we didnt have 8%+ across the board inflation under Bush---so the effect was less significant. Secondly, Bush never declared war on oil companies nor did he every do anthing designed to overtly curb oil production. So---those spikes under Bush were a bit different.

That said---dont get too comfortable with that prediction. We may very well hit that $5.50 inflation adjusted number as we cant keep pulling oil out of the strategic reserve forever. I still think the only reason we wont make it that high is that demand will drop. Consumers will likely change their driving behavior with gas prices this high and recessions (which we may very well be 5 months into a recession) generally are accompanied by reduced oil demand. However, if we arent in recession by June (like I said---I think we are already in recession), then we could easily top those inflation adjusted gas price highs by the end of summer.

In my original prediction 10 years ago, I indicated the supply shock would have to happen before 2020 to have a significant chance of breaking the record price. We are well past 2020 now. The fact that we had two MAJOR supply shocks working in tandem (the pandemic and Russia) to spike the price of oil and it STILL hasn't come anywhere near the record, just goes to show you how right I was with that prediction.

Utter complete bullshite.

(05-27-2022 02:19 PM)scorpius Wrote:  

(05-27-2022 02:03 PM)Attackcoog Wrote:  Id say one difference is we didnt have 8%+ across the board inflation under Bush---so the effect was less significant. Secondly, Bush never declared war on oil companies nor did he every do anthing designed to overtly curb oil production. So---those spikes under Bush were a bit different.

That said---dont get too comfortable with that prediction. We may very well hit that $5.50 inflation adjusted number as we cant keep pulling oil out of the strategic reserve forever. I still think the only reason we wont make it that high is that demand will drop. Consumers will likely change their driving behavior with gas prices this high and recessions (which we may very well be 5 months into a recession) generally are accompanied by reduced oil demand. However, if we arent in recession by June (like I said---I think we are already in recession), then we could easily top those inflation adjusted gas price highs by the end of summer.

In my original prediction 10 years ago, I indicated the supply shock would have to happen before 2020 to have a significant chance of breaking the record oil price. We are well past 2020 now. The fact that we had two MAJOR supply/demand shocks working in tandem (Russia and the pandemic snapback) to spike the price of oil and it STILL hasn't come anywhere near the record, just goes to show you how right I was with that prediction.

When are you predicting that you will give birth?

Here you go Scorp l posted this on another thread but it it fits here as well. And if the shoe fits wear it. Voters have consistently given Biden poor marks on his handling of the economy, which aides argue is strong despite persistent concerns about inflation. When confronted with bad polls, the White House has insisted its agenda benefits the American people and that officials must do a better job communicating that.

https://thehill.com/news/administration/...lling/amp/

How was I so stupid not to see paying over $100 for a tank of gas isn’t beneficial? Paying exorbitant prices everywhere I go if the place even has what I’m looking for is exactly what I’ve been waiting for. So glad your steering is in the right direction for bankruptcy. So beneficial

Marie Antoinette would be proud of Joe. Clueless

Utter complete bullshite

https://www.bloomberg.com/news/articles/...uel-prices

"The Biden administration is reaching out to the oil industry to inquire about restarting shuttered refineries, as the White House scrambles to address record high-gasoline prices that are setting off political alarm bells ahead of the midterm elections."

They prog filth know they are fricked.

The White House is full of morons.

(05-27-2022 01:09 PM)scorpius Wrote:  

(05-27-2022 07:21 AM)gdunn Wrote:  It's amazing a President shuts down all domestic oil production and then begs other countries for oil, but he's not at fault. Hot take.

Perfect example of brainwashing. In reality, Biden actually wants to force oil companies to drill more on government lands. How is that ending oil production?! It's not a gimmick either because Joe Mansion supports the idea.

Biden Wants Oil Companies to Pay Penalties on Unused Drilling Leases

And this doesn't hide the fact that oil production increased under Obama more than any other President in history when Biden was VP.

(05-27-2022 08:01 AM)TigerBlue4Ever Wrote:  I'll be willing to bet on it. I'd even be willing to bet they can run anyone they want in the next national election and they won't renew their grip on the executive office. If the dems win I will never post here again, if the lose you slink back into the darkness and never come here again, bet?

Of course that assumes that we will have a free and fair election...

I try to be optimistic no matter who is President. Like for example there's a positive on Republicans taking complete control. It will expose all their radical social policies and FINALLY bring that all to a head, hopefully washing it out of the party platform so it can be a viable party to vote for again. I was a Reagan Republican in the 80's before their social policy truly radicalized and before the authoritarian shift with Trump. If all of that can be exposed and cleansed with complete GOP control, BRING IT ON! But it is indeed high risk. We could lose our democracy. And we ALL lose if happens. The joke would be on all of us.

Correct me if I am wrong, but from my understanding, when these leases come up they are bid on without any knowledge of how much oil is available or how costly the drilling might be. So in many ways buying those leases are a shot in the dark. If you win the bid, then you drill and find not enough oil to offset the expense, you just lost and move on.

Trump Memorial Day gas prices: $1.96

Biden Memorial Day gas prices: $4.60

It’s the pump’s fault. All the gas pumps around the country are out to get us.

We must demonize the manufacturers of the gas pumps.


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(05-27-2022 03:23 PM)shere khan Wrote:  Utter complete bullshite

https://www.bloomberg.com/news/articles/...uel-prices

"The Biden administration is reaching out to the oil industry to inquire about restarting shuttered refineries, as the White House scrambles to address record high-gasoline prices that are setting off political alarm bells ahead of the midterm elections."

They prog filth know they are fricked.

The White House is full of morons.

Oh so now I'm supposed to believe increasing supply lowers prices. Nice try Joe.

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Biden openly admitted he was pleased that we were going through this "incredible" transition off fossil fuels. They have zero plans to do anything and are happy to see them soar past $5 a gallon everywhere. No matter how much this crushes middle America its the best thing possible. They are green terrorists who intend to hold us all hostage over energy cost and consumption. And of course this further sky rockets the price of food and basic necessities, basically EVERYTHING.

Forget the fact that they have no proven alternatives, have already over stressed the electrical grid with this green crap to the point we are told to expect rolling blackouts all summer. Now they want most of the country to begin running 300 million automobiles on the same electric grid that is already unable to keep up. This should work out really well.

These people in the WH are not all this stupid. Green energy is clearly just a cover excuse for crushing the middle class to get us to agree to give over many of our freedoms and rights just for the promise of some "peace and safety/stability".

There is little to nothing we can do to stop it. They have the WH until 2025 and they are not changing policy, they are just going to double and triple down on it.

Predictions of $8/gal by the end of the year and 10$/gal by spring are out there.

The other day while filling up I noticed a young woman with three children next to me that put $6 in an old Oldsmobile. For a moment I felt sorry for her. Then the reality hit me that she gets what she probably voted for.

Fact is Biden told us what he was going to do. When will people begin to believe what they are told.

I was filling up a couple weeks ago, it was about 4.19 at the time.

Lady at the pump behind me pulled up, got her gas and left before I had finished. It seemed a bit odd that she somehow gassed up her Cadillac SUV so quickly while I was still standing there waiting.

I strolled over and took a peek at the pump. She had put in 5 bucks. Little more than a gallon.

I’d bet 99-1 she too was a Sloe* vote. Hope it was worth it to you,,Toots.

TV Newscast was doing a story on gas prices, decides to do a 'man on the street' reaction segment. Little did they know the guy they picked was a comedian. When I watched/listened I thought that this might be somebody from this forum.

https://rumble.com/v168mzn-comedians-tro...rices.html

(05-28-2022 12:48 PM)Was SoMs Eagle Wrote:  Predictions of $8/gal by the end of the year and 10$/gal by spring are out there.

The other day while filling up I noticed a young woman with three children next to me that put $6 in an old Oldsmobile. For a moment I felt sorry for her. Then the reality hit me that she gets what she probably voted for.

Fact is Biden told us what he was going to do. When will people begin to believe what they are told.

Nah dont feel sorry for her. She doesnt uave to endure mean tweets.

All good.

Lots of good info in this post. My comments in red font.

(05-28-2022 01:41 AM)ericsrevenge76 Wrote:  Biden openly admitted he was pleased that we were going through this "incredible" transition off fossil fuels. They have zero plans to do anything and are happy to see them soar past $5 a gallon everywhere. No matter how much this crushes middle America its the best thing possible. They are green terrorists who intend to hold us all hostage over energy cost and consumption. And of course this further sky rockets the price of food and basic necessities, basically EVERYTHING.

Yeppers. Biden* campaigned on ending fossil fuel and shifting to the New Green Deal. My wife and I prepared for his Administration with stocking up on a number of things plus we are blessed to have resources to make it through a 4 year catastrophic Administration....which is exactly what this country is facing.

Forget the fact that they have no proven alternatives, have already over stressed the electrical grid with this green crap to the point we are told to expect rolling blackouts all summer. Now they want most of the country to begin running 300 million automobiles on the same electric grid that is already unable to keep up. This should work out really well.

Indeed, TX/OK/KS/CO as well as the entire west coast are expected to bear the brunt of the blackouts and power grid failures. Hopefully the Memphis area avoids any major issues; we shall see.

But Biden* and elitists in DC will simply shrug it off; they could give a healthy $h1t less if everyday common US citizens have to endure brutal heat over x days. I'm sure they look at it as "the price of 'Green Energy' progress".

These people in the WH are not all this stupid.

True; only Biden* really is but a lot of that is his Alzheimer's. Plus Biden* is an absolute puppet to the Controller behind the scenes.

Green energy is clearly just a cover excuse for crushing the middle class to get us to agree to give over many of our freedoms and rights just for the promise of some "peace and safety/stability".

Agreed. As this 4 year nightmare continues rolling out, the pressure on the vast majority of the middle and lower middle class will be immense. Many of them will be desperate as they are struggling NOW. The truly poor will immediately agree simply to have basic things like food, a safe "home pod" to sleep, running water, "free" health care, etc.

There is little to nothing we can do to stop it. They have the WH until 2025 and they are not changing policy, they are just going to double and triple down on it.

Yes, this is a huge power play by the Dems. They know the mid terms will more than likely be a red wave but I'm sure they have a slew of EOs planned should Biden* (via the Controller) face Repub majorities in both the Senate and the Congress. But I fully expect Biden* to allow the cost of energy to ramp up to UNREAL levels in his final 2 years, especially gas/diesel and the massive supply chain cost increases. Not to mention to try and eliminate as many of the immigration controls on the Southern Border as he possibly can. Part of the Biden* Administration objective is to flood America will illegal aliens, fentanyl /other drugs, criminals, etc.

Americans will have to buckle down and tolerate it because ELECTIONS HAVE CONSEQUENCES.

And illegal elections have serious and painful consequences.

It will be most interesting to see if America remembers the coming PAIN in the 2024 election. We shall see.

(05-27-2022 07:06 PM)B_Hawk06 Wrote:  It’s the pump’s fault. All the gas pumps around the country are out to get us.

We must demonize the manufacturers of the gas pumps.


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We've been doing that for the past couple decades. It's one of the main reasons (along with the rise of fracking) why I was confident in my prediction 10 years ago that we would never again exceed the inflation-adjusted highest price for oil on record set by Bush in 2008.

Again, what are we? 12? Look at the REAL price of gas in the chart I posted at the start of this thread and tell me it's too high by historical standards. It's in the upper range where we have sat for many years in the past 2 decades, but definitely not at highs. I would be surprised if it didn't start to drift down from here.

What you have to realize before you start crying like a 12 year old is that as these prices rise, your paycheck is rising as well to offset it. My Republican friend was crying about gas prices while at the same time telling me about her "special" pay raise. I asked her how much was the pay raise. Not to my surprise it came out to about 8% of her annual income. Well DUH?! That's inflation-adjustment. So tell me again, how are rising gas prices hurting when your paycheck is keeping up with it? Even if it doesn't keep up by a percent or 2 either way each year, that's just statistical deviation which happens every year, high inflation or not.