If gas wasn't so expensive I would have to bet on that (Syracuse)!
Because that’s the spread. This was some type of attempt at a political post…..that fell really flat.I saw Clemson -13
I saw Clemson -13
And it was actually $2.37 in US. I hate "fake news!!"Because that’s the spread. This was some type of attempt at a political post…..that fell really flat.
So gas prices haven't gone up?And it was actually $2.37 in US. I hate "fake news!!"
If gas wasn't so expensive I would have to bet on that (Syracuse)!
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I actually broke this down in a different thread for those who don’t have access to the data that really drives the economics of the energy market. Thought it might be worth your time to look through before you jump to conclusions…So gas prices haven't gone up?
Before placing blame, we should probably all take a step back and look at the reality of the global energy market right now. We just had an unprecedented dip in oil demand in 2020 (negative oil prices). Production trailed that dip and has trailed the consumption rise back.
Facts:
2021 US Oil production will exceed that of 2018. 2022 is projected to be the highest on record. US will show 11.9% growth from 2018 to 2022.
Meanwhile, OPEC has cut production. 2018 was right at 36.7 million barrels per day. 2021 will show right at 31.8. 2018 to 2022 will show growth of negative 7.8%.
Consumption of oil in the US has/will remain relatively flat (0.6%) over the same time period. However, consumption in China alone is expected to show a 14.2% increase over the same period of time.
End of the day here's the simple math. America is adding to global supply while showing slow demand growth, but global production is not meeting global consumption growth. When demand exceeds supply....prices rise.
Production 2018 2019 20202021* 2022* Growth Since '18 US 17.9 19.5 18.6 18.6 20 11.90%OPEC 36.7 34.7 30.7 31.8 33.9 -7.80%Global 100.7 100.7 94.2 96.1 101.5 0.70%Consumption 2018 2019 20202021* 2022* Growth Since '18 US 20.5 20.5 18.2 19.7 20.6 0.60%China 13.9 14.8 14.4 15.2 15.9 14.20%Global 100 101.2 92.4 97.4 101 1.00%
I realize it's easy to point at the leadership in Washington when you pay higher gas prices at the gas pump....but I'd urge you to look a little deeper.
Frequently the blame should not be placed across the isle, but across the ocean.
*Forecasts are from the September 2021 EIA Short-Term Energy Outlook.
They don’t care. They will read your fact based post and it will not change the opinion of 95% of this board.I actually broke this down in a different thread for those who don’t have access to the data that really drives the economics of the energy market. Thought it might be worth your time to look through before you jump to conclusions…
I’m okay with that. It’s one thing to be ignorant in the absence of facts. To be ignorant in the presence of facts speaks to your character. Just giving some the ability to make that decision.They don’t care. They will read your fact based post and it will not change the opinion of 95% of this board.
Helmet business gonna be poppin off cuz 9/10 people on this board believe that crapPeople who think the President controls gas prices, good or bad, should have to wear a helmet everywhere they go.
Anyone that believes this president can control anything is an idiot ! He has lost control of everything and has zero backbone ! Liberals , terrorists, foreign leaders , etc are all still laughing that he was actually elected President !Helmet business gonna be poppin off cuz 9/10 people on this board believe that crap