also, biden is going to have little if any influence over crude prices, and gas prices as a result.

if biden and harris banned fracking, then you could perhaps envision prices a bit higher. but it's not going to 100/bbl just based on that alone.

fracking is not going to be banned either in the US

We fracked our way to ~$40 under Obama, I wouldn't expect anything different.

sts7049 said:

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if biden and harris banned fracking, then you could perhaps envision prices a bit higher. but it's not going to 100/bbl just based on that alone.

fracking is not going to be banned either in the US

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So Biden lied? Well I guess that is to be expected. He said he would ban fracking in the DNC debates. Then he said he would phase out fracking, (and oil & gas w/ the green new deal).

Look for the EPA to begin regulating frackIng out of existence immediately. The oil & gas industry not far behind. Gasoline and natural gas prices will soar hurting low income families the most. The USA will within a year become energy dependent on the Middle East guaranteeing more senseless conflicts costing the lives of our youth.

Oh, forgot coal, any hopes for using coal even if completely clean are officially dead under Biden.

Congratulations Pennsylvania you just won the lottery in destroying your state thanks to corrupt Democratics and MSM. No fracking, no mining, no coal for you.

Bush's wars led us to $150 oil in 2008. I guess no one wants to talk about that?

HoustonAggie37713 said:

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Bush's wars led us to $150 oil in 2008. I guess no one wants to talk about that?

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Huh?

We are directly talking about anything PotUS does that affects prices.

HoustonAggie37713 said:

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Bush's wars led us to $150 oil in 2008. I guess no one wants to talk about that?

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Yes, I believe he did. Point made.

Just curious, didn't Bush make millions(billions) of dollars in the oil and gas industry. Wonder who profited from $150/ barrel crude?

If Biden slaps a 40 cent tax on every gallon of gas-- the "carbon offset" tax is what I think he is proposing-- the gas prices obviously go up. Consumption then goes down. Production stays relatively stable. So oil prices drop again. He flat out said he wants to transition away from fossil fuels but the bottom line is that we as a planet simply can't.

How you going to make plastics with no petroleum carbons?

i'm not saying he lied, i'm saying practically speaking it isn't happening. he can't just tweet that into law, republicans and lobbies won't let it happen.

richardag said:

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Oh, forgot coal, any hopes for using coal even if completely clean are officially dead under Biden.

Congratulations Pennsylvania you just won the lottery in destroying your state thanks to corrupt Democratics and MSM. No fracking, no mining, no coal for you.

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That is the silver lining here.

I'm good, as long it stays south of 2 bucks a gallon.

Expect them to "unexpectedly" go up 2.5x.

Energy independence was nice while it lasted

Biden said he would stop fracking and I believe he will. He'll do it via the EPA by using some bogus science to claim it harms the environment. That will be that.

richardag said:

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HoustonAggie37713 said:

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Bush's wars led us to $150 oil in 2008. I guess no one wants to talk about that?

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Yes, I believe he did. Point made.

Just curious, didn't Bush make millions(billions) of dollars in the oil and gas industry. Wonder who profited from $150/ barrel crude?

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Exxon. BP. Halliburton. Saudi Arabia. Qatar. Iran.

sts7049 said:

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i'm not saying he lied, i'm saying practically speaking it isn't happening. he can't just tweet that into law, republicans and lobbies won't let it happen.

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You are forgetting the power of the bureaucracy, in this case the EPA. The EPA hasn't several methods they can use to shut down fracking. Two being restricting flaring, even on new wells, denying permits based on water table concerns. Then if all else fails flat out lying.

DallasAg 94 said:

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That depends on how much Hunter gets from Big Oil.

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I assume Hunter will head the Department of Energy, seeing as he has the innate smarts and industry knowledge that served him so well on the Burisma board.

Is that not a Good assumption?

FAT SEXY said:

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Go up?
Stay more/less the same?
Go down?

I know some of you benefit from higher priced oil, but the vast majority of us prefer cheaper gas.

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$5.00 per gallon

Rittenhouse said:

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sts7049 said:

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if biden and harris banned fracking, then you could perhaps envision prices a bit higher. but it's not going to 100/bbl just based on that alone.

fracking is not going to be banned either in the US

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Before fracking, oil was trading at $150. It took 1 barrel of oil to get 2 barrels out of the ground. The US had been in a steady decline of production that started in the 1970s. Fracking shattered that.

If fracking stops, the price of oil will skyrocket.

You simply are ignorant on this topic.

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what do you think OPEC will do if by some miracle fracking is actually banned?

try again with your "knowledge"

I'm curious what you think a group that artificially restricts production regularly will do if their largest competitor gets hamstrung by bureaucratic bull*****

HoustonAggie37713 said:

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richardag said:

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HoustonAggie37713 said:

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Bush's wars led us to $150 oil in 2008. I guess no one wants to talk about that?

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Yes, I believe he did. Point made.

Just curious, didn't Bush make millions(billions) of dollars in the oil and gas industry. Wonder who profited from $150/ barrel crude?

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Exxon. BP. Halliburton. Saudi Arabia. Qatar. Iran.

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And the Bush families?

sts7049 said:

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i'm not saying he lied, i'm saying practically speaking it isn't happening. he can't just tweet that into law, republicans and lobbies won't let it happen.

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The EPA under Obama declared CO2 a pollutant. CO2 is produced by humans when we exhale. That decision cost businesses billions of dollars trying to mitigate CO2 production. A simple stroke if the pen did that.

If the EPA issues a ruling - based on their science - that fracking is harmful to the environment, it's done.

Why do you post on matters that you obviously know nothing about?

He flooded the market with Iran oil and ****ed the industry. Fracking had nothing to do with the price drop in 2015

BigRobSA said:

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PotUS has little DIRECT impact on those prices. But his energy policy can impact prices. Liberalism, like always, will **** **** up.

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He can shut down public leases over night and use the clean water act to destroy business on private land