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OT: Gas is now $3/gal in Anderson

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​
2020​
2021*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​
2020​
2021*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.
excellent breakdown which will be glossed over bc the simpletons would prefer to cry about Biden
 
TI must have a liberal staff? It didn't take long for this one to get to the 'Round Table'! Well, breaking news, gas prices DOES affect sports...
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​
2020​
2021*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​
2020​
2021*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.
What organization controls US energy policy?
 
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The cancelation of the Xl pipeline and further hurdles for others near completion was a strong message to the drillers and processors. The EPA had once again been empowered to clamp down on drilling and pumping. Leasing of federal land for new wells has been prohibited. All these combined have contributed to the US producing less crude oil. The steady increase in US production slowed to a crawl once Biden came into office. Companies like Exxon have diverted investment from developing new oil fields over to carbon capture and alternative energy sources. Less US produced oil has absolutely increased gas prices.

BTW, all my investments in fossil fuel stocks and mutual funds have had fantastic returns.
So it’s stopped but it’s slowly going up. But it’s also going down?
Great summary
 
No wonder creepy Joe is rocking a 38% approval ratings and way lower with independent voters. He can kiss the Senate and Congress good bye next year

Still your president.

biden-do-it.gif
 
Let's go Brandon! Let's go!

I suggest you earn more money so that a $0.20 per gallon increase in gas prices doesn't motivate you to come onto a sports message board to cry like a little bitch about it. Personally, I don't even look at the prices when supplying my vehicle with gasoline.
 
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I suggest you earn more money so that a $0.20 per gallon increase in gas prices doesn't motivate you to come onto a sports message board to cry like a little bitch about it. Personally, I don't even look at the prices when supplying my vehicle with gasoline.

Never understood the gas price angst. I’d sign up for a $.10 SC gas tax tomorrow if it meant better roads, widening of I26, etc. I couldn’t tell you the per gallon price I’ve paid in years. Would cost me like $60. Who cares?
 
Never understood the gas price angst. I’d sign up for a $.10 SC gas tax tomorrow if it meant better roads, widening of I26, etc. I couldn’t tell you the per gallon price I’ve paid in years. Would cost me like $60. Who cares?

The more you post the more I like you. Absolutely the same over here. People just want something to bitch about so they can cheer their political "Team" on.
 
Never understood the gas price angst. I’d sign up for a $.10 SC gas tax tomorrow if it meant better roads, widening of I26, etc. I couldn’t tell you the per gallon price I’ve paid in years. Would cost me like $60. Who cares?
yah I-85 is cucked into oblivion. worst road in america
 
This is all part of the great reset. You won't be able to afford gas in a year. The prices of cars will skyrocket as well and the only option left will be a subsidized government electric vehicle. This vehicle will be linked to your newly established social credit score. This is the beginning of the end.
If the global elites that are the deep state basically get their way then you will be correct and that's not a good thing imo.
 
The more you post the more I like you. Absolutely the same over here. People just want something to bitch about so they can cheer their political "Team" on.
You obviously well paid enlightened mofos can't seem to comprehend that fuel price does affect the vast majority of Americans. Not to mention increased fuel prices drive up the cost of all consumer products including food. The high inflation currently being experienced is directly tied to increased fuel costs. Hopefully you geniuses might comprehend that after I mentioned it from your 1percent perches.
 
This is all part of the great reset. You won't be able to afford gas in a year. The prices of cars will skyrocket as well and the only option left will be a subsidized government electric vehicle. This vehicle will be linked to your newly established social credit score. This is the beginning of the end.

LOLOL.

I hope this was some well done sarcastic parody. Hilarious one way or the other.

Ever heard of Tesla and Elon Musk--is he part of the great reset too? The govt has already subsidized electric vehicles and is just starting to lessen those incentives (which are just tax breaks).

Gas prices in my area peaked and have gone down about .25 cents from their high. 3.80 where I am at but it was at 4.05-4.10.

What did you all think was going to happen after no one drove for a year and then everyone started driving again. Supply and demand. What were gas prices before COVID? 2017--what did you pay? For me we are now back to about 2017 levels and then you have to adjust for cost of living.

And for anyone talking about domestic gas blah blah--the keystone pipeline under Trump only had about a mile built in the US. The thing wasn't going to start delivering any crude until like 2030...lolol. And it is still getting delivered by train and truck, but gas companies wanted tax payer dollars to subsidize building their system to make it marginally cheaper to ship the gas (no real evidence that leads to consumers getting better gas prices downstream--certainly no evidence it is worth the tax payer dollars...).
 
You are a grade A buffoon who understands less than zero about global economics if you think joe Biden is to blame for higher gas prices
So you don’t think shutting down the Keystone Pipeline has nothing to do with us paying more for gas now? You don’t think going from energy independence to begging OPEC for more oil??? “Com on man” you’re better than that…I think.
 
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TI must have a liberal staff? It didn't take long for this one to get to the 'Round Table'! Well, breaking news, gas prices DOES affect sports...
I agree with this completely!!! They will let post about what grill to buy, what are you drinking this weekend or beach you like best…they never touch those but you mention something about Trump, conservative, the Chinavirus, the mess our economy and country are in and they jump right on it!
 
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I agree with this completely!!! They will let post about what grill to buy, what are you drinking this weekend or beach you like best…they never touch those but you mention something about Trump, conservative, the Chinavirus, the mess our economy and country are in and they jump right on it!

This is ludicrous. The vast majority of TI members and I would assume the moderators are conservatives. Maybe your posts get moved because you say things like "Chinavirus" instead of it's real name in an attempt to make people mad.
 
This is ludicrous. The vast majority of TI members and I would assume the moderators are conservatives. Maybe your posts get moved because you say things like "Chinavirus" instead of it's real name in an attempt to make people mad.
That’s not true at all! And I can call it China, corona, or whatever…it doesn’t matter, it gets moved!! I understand you not wanting to see what so many others see and point out, it is what it is!
 
I agree with this completely!!! They will let post about what grill to buy, what are you drinking this weekend or beach you like best…they never touch those but you mention something about Trump, conservative, the Chinavirus, the mess our economy and country are in and they jump right on it!

Lol. Seriously doubt the owner of this site is a lib.
 
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LOLOL.

I hope this was some well done sarcastic parody. Hilarious one way or the other.

Ever heard of Tesla and Elon Musk--is he part of the great reset too? The govt has already subsidized electric vehicles and is just starting to lessen those incentives (which are just tax breaks).

Gas prices in my area peaked and have gone down about .25 cents from their high. 3.80 where I am at but it was at 4.05-4.10.

What did you all think was going to happen after no one drove for a year and then everyone started driving again. Supply and demand. What were gas prices before COVID? 2017--what did you pay? For me we are now back to about 2017 levels and then you have to adjust for cost of living.

And for anyone talking about domestic gas blah blah--the keystone pipeline under Trump only had about a mile built in the US. The thing wasn't going to start delivering any crude until like 2030...lolol. And it is still getting delivered by train and truck, but gas companies wanted tax payer dollars to subsidize building their system to make it marginally cheaper to ship the gas (no real evidence that leads to consumers getting better gas prices downstream--certainly no evidence it is worth the tax payer dollars...).
Baaaaaa. Baaaaaa.
 
Lololololo. The party of "capitalism" freaking out the government isn't doing enough to keep gas prices down.

yep. And the party of America First is furious that we shut down a pipeline that would flood our market with cheap Canadian oil.
 
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This is most certainly related to the increased cost of fuel. My favorite mexican restaurant hiked its prices this past weekend. 32oz beer went from 7.99 to 9.99 in one jump. Food went up too.

 
This is most certainly related to the increased cost of fuel. My favorite mexican restaurant hiked its prices this past weekend. 32oz beer went from 7.99 to 9.99 in one jump. Food went up too.


There are a bunch of factors, but inflation is definitely a thing right now. Labor shortage, supply chain issues, gas prices, consumer demand, etc all driving it.
 
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The US is flooded with cheap Canadian oil everyday by other pipelines, not to mention rail,
whether the Keystone XL was built or not. This is just one effect of higher prices.
Please know your facts first!
 
The US is flooded with cheap Canadian oil everyday by other pipelines, not to mention rail,
whether the Keystone XL was built or not. This is just one effect of higher prices.
Please know your facts first!
Canadian Crude-By-Rail exports have surged to their highest since March as we continue to ration pipeline flows.......rail is substantially more expensive to use as transport so the cost to deliver is now higher thus the price is higher.

Who controls the railways? Unions......that's right my friends.
 
Canadian Crude-By-Rail exports have surged to their highest since March as we continue to ration pipeline flows.......rail is substantially more expensive to use as transport so the cost to deliver is now higher thus the price is higher.

Who controls the railways? Unions......that's right my friends.

Come on man, you know George Soros control the railways.
 
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