Pain at the pump: Americans are warned to budget for $5-A-GALLON gas

It's maddening. These late Sanctions against oil and gases were implemented out of emotion that lack any sort of logical planning and prioritization of short-term and long-term energy needs. Zelensky blames Biden for dragging his feet with these bans, which they just decided to spear-head cause they thought optics looked good. You got to make up the deficit by locally producing the energy or executing a contract with the many oil countries that despise the Biden Administration or the United States in general. It's becoming a bidding war between every nation in the world for resources that are produced in neutral or Russian-aligned countries. How are they going make up the shortfall in Copper, Palladium, Platinum, Gold, and Lithium? How is Green Energy supposed to overtake gas and oil when the price of those metals are rising to record levels? Even Elon Musk agrees that the Biden Administration needs to drill for the F-ing oil/LNG and create the infrastructure. Make it single-item bill, and pass it now.

As I type this comment, two experts from Russian and Israel are clowning Biden for putting the country in such a weak position. A Russian in the Iran Negotiation told a reporter that the US got hosed in these Iran negotiations, and then an analyst laughed about it cause it was precisely what Russia wanted.

 

Everyone staying neutral will benefit. Also this worked better against the soviet union in the 80's and 90's when the west was a massive market that when cut off leaves little options economically. Anyone who stays neutral and can still work with Russia and will buy as much as they can from them with a risk discount to boot, they can also export on the same hand as the west pulls out it just leaves a gap that can be filled. If India stays neutral it is really damaging to the western cause, Soviet Union did not have all these middle standing economies to work with when cut off from the Western markets(China and India for instance were not in the position to pick up anything that would have mattered).

Israel also has to be making all sorts of good deals East, West, +Russia and has leverage on all sides as neutral negotiators in the conflict.

 

It happens more than you think. Wiley Coyote isn't standing there with an arrow sign saying drill here.

 

$5 a gallon? I pay $3.00 per liter. So between $12 and $15 a gallon.

 

Yes, those who bleat the loudest have little to no idea about global, long-standing realities.

 

So you think that because the rest of the world pays through the nose for it that we should too?

Who gives a damn what they pay in some other country, this is America.

But since you brought up the subject of bleating, I do think New Zealand, is well known for sheep farming is it not?

 

I HOPE it stays at $5.00.
Gas here went from 3.39 to 4.25 in 8 Days.

That is 86 cents in 8 days...
If it does that again, Gas would be over $5.00...

By the time Summer driving season rolls around, people will consider $4.99 to be cheap...

If the War in Ukraine ended tomorrow, it wouldn't even matter that much for Gas prices.
The USA will probably never see $3.00 gas again.

Talk about putting a damper on things.
Gas is ridiculous.
The entire World Economy is screwed up because of 1 Idiot in Russia.

 

No. Bad Take.

Your conclusion that one idiot caused gas to spike is an uneducated one.

 

Oil industry is cyclic. I remember going through this last time, some time in the future the price will crash again. This conflict is unlikely to go past 6 months, a year at the most; a negotiation is going to be likely once Russia gets the entire east of the Dnieper, they are already close and slowly closing a circle around Ukraine's main battle force there.

 

Oh? Ok...
I am referring strictly to the Gas Price Spike in the last 10 Days...
Is anybody claiming that Putin's War didn't cause the recent spike in USA Gas Prices?
This oughta be good...

 

Our fuel at the pumps is going up about 5 cents a day.
It hit 2 euros a litre this morning.
We are all in this together.

 

I didn’t make it up. I provided a link showing I was correct. A link from EIA.

 

We're way past $5/gallon in some markets thanks to Biden and the Democrats sanctions against North America Crude.

Canada Says Its Oil Could Replace US Imports Of Russian Crude, All It Would Take Is Approval Of The Keystone XL Pipeline

Vote for change!

 

That's by design. Keep the lockdowns in place by making it too expensive to go out. Vote for Freedom in Nov!

 

It would still have to be built and the war will probably be over by then. Unfortunately we need a more immediate solution thus the talks with Venezuala, S.A., Iran for instance.

 

Who could have seen this coming?

 

Good god how the heck can some lefties not know the leases are exploratory? Not even worth having a conversation with them on energy, their clueless.

 

The above is from EIA einstein.

 

Sorry to say, but everything our governments are doing have absolute intention behind their actions. Their hopes are this will force people into electric cars. the same cars that are backlogged because we are dependent on China and Taiwan for the micro chips and that the low income will never be able to afford, nor the massive spike in cost of necessary items, such as food.

 

No doubt the last year and a half has created this mess and now we're going to fund yet another tyrant and a terrorist funding dictator. It's unbelievable the lack of strategy surrounding energy from this administration. Maybe the green gods will develop super-duper hydrogen engines and high-power attachable windmills on our vehicles next month to get us out of this mess.

 

LOL I'm really concerned that you actually believed what you were saying. It's sad that you're discussing this from such a position of ignorance.
In September 2019 was the first month the US became a net exporter of oil for the first time in 74 years. Here's a lefty source, maybe you'll believe them.
https://www.washingtonpost.com/news...-petroleum-exporter/5de550eb88e0fa652bbbdb19/

 

The original pipeline was still running...this was just a shortcut....

where do YOU get your information ?

 

So you make fun of this. What happens if suddenly, Americans get so pissed off that they demand an end to the events that are causing them their financial pain, or did this not occur to you?

 

Really, what actions...be specific. You keep making claims that have been shown to be wring, yet you keep making the general assertion "his actions". Well, WHICH ACTIONS

You dodged the original question....WHY would they sign the lease in the first place without verifying that they could make their money back ? Do you honestly think these larger oil companies who are setting record profits in the last 2 years are just taking a "flyer" that these leases will pay off?

Dear lord man. How can they be "PROVEN reserves, until they are drilled ?

You're the one getting Fox News propaganda.

 

I drove by a gas station this morning. Regular gas was $4.29. It was $3.99 yesterday, and had been $3.69 the day before. Almost 20% in two days. Welcome to the inflation Biden created. Biden doesn't care, he takes advantage of government gas, he doesn't pay a dime. It's all free for him, so why does he care? And for that matter, lots of folks have good income, and $4-$5 a gallon doesn't effect them much. And for those of us with enough income, we drive hybrids, and have for a while. Full electric? Doesn't make sense for some of us, but hybrids, sure.

The green agenda is killing the economy though. I suppose that makes the greenies happy too. And when the folks start dying from starvation because they can't afford food anymore, well, that will make them ecstatic.