I think so. It's alreasy 2.90$ in Illinois

Went from sub $2, pre biden, to now 2.34 this morning.

ChemEAg08 said:

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sts7049 said:

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cheap gas is not a good thing for the industry

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No, cheap gas isn't good for the oil and gas industry, but expensive gas isn't good for the US economy. There is a nice medium for both.

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$75-$80pbbl has always seemed to be that "medium".

Biden Admin will incrementally clip the wings on the US Oil & Gas Industry over time through Executive orders and thru tightening the regulatory screws . We may not see $100 per bbl oil in the near term because supply from elsewhere ( mostly Middle East) will replace it, but the pricing will be a lot more volatile due to potential supply interruptions due to war , weather, market chicanery, etc. Energy price uncertainties aren't good for anyone except maybe energy market traders. That was one of many beautiful byproducts of the shale boom and US energy independence. We knew the domestic supply was at least politically protected which made for more stable business assumptions. The other major positive was American $ were staying in the US to pay US royalty owners and industry workers here vs sending the $ overseas. You can bet some of those $ that will be going overseas will be funding terrorists.

Quote:

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75-$80pbbl has always seemed to be that "medium".

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Pretty well agree that's the Goldilocks zone. Might expand it a bit to the $70-90 per bbl range but wer'e in the same ballpark.

US Retail Gas Prices chart

https://ycharts.com/indicators/us_gas_price

Cassius said:

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Ag CPA said:

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Fracking is not going to get banned, and I speak as the CFO of a shale company. Contrary to the fear-mongering on this board, it is not something that can simply be regulated out of existence by the EPA, it would have to be legislated.

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Fear mongering?!? Biden said he would ban it, but this board is fear mongering?!?! lol, thats some epic spin from the lefty.

And you are completely and totally wrong.

If the EPA can declare CO2 a pollutant, and require businesses to mitigate it, which they did under Obama, costing businesses billions, they can "outlaw" fracking if they find that it is polluting ground water tables, etc... And they will because they want hydrocarbons killed off. The EPA has broad power to regulate outside congress. Given the fact that they can declare a molecule that humans exhale and plants must have to exist, to be a pollutant, is ample proof.


and what does being the CFO of a shale company have to do with the price of tea in CHina?

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Just wanted to repost this as a great example of liberal idiocy and of the complete destruction of said liberal idiocy with logic and facts.

Thumbs up, Cassius.

FAT SEXY said:

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$2.48 cheapest in BCS today.

Great job, libs

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Gone up a full dollar per gallon here.

D.A. leftists...

HEB here in Bunker Hill (Houston) $2.45 this morning.

Biden close to hitting the sweet spot in price per barrel and pumping up the Texas economy.

Mid 60s or so today for WTI. #MTGA

https://www.dailyfx.com/crude-oil

Edit: Already posted.

FAT SEXY said:

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When the dependent serfs are at the pump upset that they're paying $3 a gallon do you think they'll make the connection that they voted for this?

I'm guessing probably not

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Mass public transportation for all....one of the end goals of lib-utopia in my opinion.

Weird, it's almost like the price of oil has recovered from the low $20's a year ago to the mid $60's as of today, now that a large chunk of last year's tremendous supply glut has been burned off and worldwide fuel demand has begun to approach pre-pandemic levels.

One might even notice that just getting back to this point required required OPEC+ to shut in millions of barrels/day of production and domestic US producers to slash hundreds of thousands of jobs and billions of dollars of planned CAPEX.

These threads are always hilarious, "Lib-tards are dummies and don't understand economics. Now why hasn't new POTUS kept gasoline as cheap as it was last year? Filling up my truck sucks now!"

Prices keep going up.

C@LAg said:

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FAT SEXY said:

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We gonna surpass $3 in Texas soon?

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yep. they are passing significant federal tax increases tomorrow for both gas and diesel.

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Looks like .35 cents more per gallon, hello inflation!



Way to stick it to the poor and middle class.

samurai_texan said:

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C@LAg said:

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FAT SEXY said:

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We gonna surpass $3 in Texas soon?

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yep. they are passing significant federal tax increases tomorrow for both gas and diesel.

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Looks like .35 cents more per gallon, hello inflation!



Way to stick it to the poor and middle class.

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For real? When does this go into effect?

I'm sure this money will be spent wisely.

Ag for Life said:

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samurai_texan said:

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C@LAg said:

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FAT SEXY said:

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We gonna surpass $3 in Texas soon?

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yep. they are passing significant federal tax increases tomorrow for both gas and diesel.

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Looks like .35 cents more per gallon, hello inflation!



Way to stick it to the poor and middle class.

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For real? When does this go into effect?

I'm sure this money will be spent wisely.

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Inflation will go up. Food, and everything is moved by trucks and rail.

We're already paying ~$3.50/gal in Montana. Here comes $4.00.

snowdog90 said:

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Cassius said:

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Ag CPA said:

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Fracking is not going to get banned, and I speak as the CFO of a shale company. Contrary to the fear-mongering on this board, it is not something that can simply be regulated out of existence by the EPA, it would have to be legislated.

---

Fear mongering?!? Biden said he would ban it, but this board is fear mongering?!?! lol, thats some epic spin from the lefty.

And you are completely and totally wrong.

If the EPA can declare CO2 a pollutant, and require businesses to mitigate it, which they did under Obama, costing businesses billions, they can "outlaw" fracking if they find that it is polluting ground water tables, etc... And they will because they want hydrocarbons killed off. The EPA has broad power to regulate outside congress. Given the fact that they can declare a molecule that humans exhale and plants must have to exist, to be a pollutant, is ample proof.


and what does being the CFO of a shale company have to do with the price of tea in CHina?

---

Just wanted to repost this as a great example of liberal idiocy and of the complete destruction of said liberal idiocy with logic and facts.

Thumbs up, Cassius.

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Wary of the person who makes a claim to be a CFO and communicates as a 10th grader. Me doubts the CFO claim.

FAT SEXY said:

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Somebody on staff doing work on this thread.. just shrunk by a page.

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Allot of leftists got their comeuppance lol. They're getting saved some embarrassment.

Cool. Now do the new gas tax

C@LAg said:

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FAT SEXY said:

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We gonna surpass $3 in Texas soon?

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yep. they are passing significant federal tax increases tomorrow for both gas and diesel.

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can you post a link to something about this? It is tough for me to search for things with my current bandwidth and the one search i made did not yield any results. Is this just stuck in to the infrastructure bill? thanks.

According to boyd crowder extra $20 at the pump is all good

Onceaggie2.0 said:

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According to boyd crowder extra $20 at the pump is all good

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Just not that big of a deal for most people. Irritating? Sure. But if $20 a month in gas is going to break your budget, you are living dangerously on the edge.

Gas taxes suck though. I am okay with fuel prices being higher if it helps Houston or Texas based energy companies. Gas tax only helps the government.

That being said, I guess if you had to raise taxes I'd rather it be a consumption or flat tax than a progressive tax.

Gas prices (while annoying) don't move the needle for me as much as home insurance, property taxes, car insurance, etc. Those tend to impact the budget a little more.

In summary, these type of fuel increases only help the government. I prefer them to a progressive tax if those are the 2 options. They are irritating but not devastating to most people.

"Alexa, show me an example of a false cause fallacy"

FAT SEXY said:

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We gonna surpass $3 in Texas soon?

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Biden actually helps the Texas Oil industry, not sure how much other help he does. higher prices brings plenty of jobs to Texas.

BoydCrowder13 said:

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Onceaggie2.0 said:

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According to boyd crowder extra $20 at the pump is all good

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Just not that big of a deal for most people. Irritating? Sure. But if $20 a month in gas is going to break your budget, you are living dangerously on the edge.

Gas taxes suck though. I am okay with fuel prices being higher if it helps Houston or Texas based energy companies. Gas tax only helps the government.

That being said, I guess if you had to raise taxes I'd rather it be a consumption or flat tax than a progressive tax.

Gas prices (while annoying) don't move the needle for me as much as home insurance, property taxes, car insurance, etc. Those tend to impact the budget a little more.

In summary, these type of fuel increases only help the government. I prefer them to a progressive tax if those are the 2 options. They are irritating but not devastating to most people.

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Yes, because the increased cost will ONLY show up when you purchase a tank of gas. Ignorance is bliss I guess.

BoydCrowder13 said:

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Onceaggie2.0 said:

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According to boyd crowder extra $20 at the pump is all good

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Just not that big of a deal for most people. Irritating? Sure. But if $20 a month in gas is going to break your budget, you are living dangerously on the edge.

Gas taxes suck though. I am okay with fuel prices being higher if it helps Houston or Texas based energy companies. Gas tax only helps the government.

That being said, I guess if you had to raise taxes I'd rather it be a consumption or flat tax than a progressive tax.

Gas prices (while annoying) don't move the needle for me as much as home insurance, property taxes, car insurance, etc. Those tend to impact the budget a little more.

In summary, these type of fuel increases only help the government. I prefer them to a progressive tax if those are the 2 options. They are irritating but not devastating to most people.

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Yep, because gas is the only item with increased prices.....