The White House is reportedly weighing a controversial measure to lower gas prices ahead of midterm

Not really, that was a trade the GOP made in 2015

The 261-159 vote seeks to end a ban put in place during the Arab oil embargo of the 1970s. Twenty-six Democrats voted with Republicans in support of the measures.


The bill now moves to the Senate where its prospects are uncertain because of White House threats to veto any measure that ends the crude export ban.
https://www.theguardian.com/busines...l-exports-house-of-representatives-vote-obama

Dems got green energy out of it

 

Yea, sure man. I stand by what I said, because I am into facts and figures.

 

The "government regulation" is a political talking point. The oil companies have repeatedly explained they are not willing to risk their money again, after they took a beating in 2020. To get a new refinery built and up and running is a huge investment which takes a very long time, and many things can change before its done.

The bolded is true. Their investors have flat out told them to not go "all-in" again after what happened in 2020. They are making record profits, so they are in a good spot right now, and expensive oil is exactly what they want.

In short: They do not want to make big investments knowing the prices can come crashing down very quickly.

We are a net exporter today. That is also a fact, but you won't hear that on FOX.

 

Same principle, democrats have been buying state and county offices for years (sec of state, supervisor of elections, state AG). Everything democrats touch is political and corrupt.

 

LOL. Says the guy who thought refineries converted petroleum into crude oil.

Yea you’re all about facts.

 

Never said something is converted into oil. I did mistakenly say petroleum when I meant gasoline (also known as 'petrol' in many countries), and its pretty childish of you to make 4 posts about it.

Grow the heck up!!

 

Even so you are still all wrong.

You started this thread and then wrote

So you meant to say “our refineries are not well suited to convert US oil into gasoline”? LOL. That’s even worse!!!


Grow up and just admit you don’t know what you are talking about.

 

Not all investment into the oil sector is subsidies. Not sure where you got this idea but it is false.

 

Whatever you say kiddo.

 

Good grief this hopelessly lost nonsense. I know the Keystone XL is what is being referred to ..having worked on the operational portion .. but who cares .. as this information does nothing to support your claim.

The claim that an operational Keystone XL would not effect gas prices is preposterous falsehood on steroids.. something the author can not possibly know as the gas price depends on other market factors in addition to the Keystone.

The dude writing your article is a moron .. sorry mate -- but just cause you read article by some moron on the internet does not make that information true. Oil supply effects the price of oil, and the cost of oil effects the price of gasoline .. - only an idiot would tell you otherwise ..

 

You are hopelessly lost --- stumbling around in the dark -- grasping at straws. The Oil supply issues are related decisions and actions over the last 10 years or more. Some Survey of oil execs in 2022 .. as to why they are not drilling more now .. has almost (but not quite) zero bearing on the issue.

Companies rushing out to drill wells over the next 6 months .. is not going to correct a supply imbalance created over decades.

 

And so stubborn you can't admit it. Stop being childish, grow up, admit your mistake, be a man.

 

Now you have made 6 posts to cry & whine about nothing, so its beyond childish, - its textbook trolling.

If you don't think gasoline is made from oil, then so be it.

 

Alot of words to not clarify, what investment if we arnt talking subsidies? The industry gets market investment on a daily basis, heck there is a commodity market just for such a thing, and it's drawing in investors from all over.

They arnt short on investors, so bringing it up in any other context then a subsidies stand point is moot, unless you aent talking about privite investment either, hence the question.

 

He was right, actually, at least about shale oil:

"Output from American shale oil fields has pushed U.S. crude production to all-time highs. But Morgan Stanley warns that the nation’s shale wells are mostly yielding a type of light oil for which domestic refiners don’t have much use."​

Source: https://www.cnbc.com/2018/04/17/sha...em-and-morgan-stanley-smells-opportunity.html

 

like explaining to a 5 year old the difference between an event having a single cause -- and one having multiple causes.

"What Investment" ? --- was "Investment into the Oil Sector" not clear enough .. concurrent to the topic of "More Oil" not clear enough.

We could be a little more specific for the 5 year olds in the crowd Investment into the Oil Sector directed towards increased production... How does that work for you

 

Once again, that's called a subsidy in regards to Bidens role..I'm using the same mocking tone btw.

 

You are an ignorant man with no real world business experience. I can say conclusively that government regulations have a massive impact on what businesses actually do. I know this first hand from my 46 years of life. You are a hypocritical partisan mouthing nonsense about subjects you know nothing about. Fact.

 

you must live in a different FL

 

Sure, same to you. You insist what you hear in the media must be true, even though the oil Have a nice day.

I wont bother responding to the insults you felt compelled to include in your say-nothing post. Typical pseudo-con speak.

 

I remind you of the gas crisis caused by the export ban in 1979.

https://en.wikipedia.org/wiki/1979_oil_crisis

 

If you bothered to read past the first 4 words, you would see this is from the mouth of the oil execs...But nope, gotta make it personal huh?

 

No . .. it is not a subsidy -- Exxon deciding to pull funds out of exploration and put them towards Solar Energy .. is not a subsidy. Exxon making a new find in Namibia .. is not a subsidy .

Think you got on to a different chapter in the book somewhere ..

 

Why are they suddenly worried about lowering it before the midterms? They didn't give a s*** about the last 18 months?

 

Then why were they releasing oil from the strategic reserves and railing against oil companies for failing to up production, among many other things, over that period?