It went up here.. also, I don't remember asking for cheaper gas. How about a stable democracy?
Food for the poor?
Free Healthcare?
Allies?
A stock market?
A palestine free of israel?
Nope.
We get the shaft..
Nope, and drillers and refineries will layoff staff. Not to mention the companies that supply those industries and the trades that support them. Don’t they call that trickle-down economics? 🤔😉
Hubs works in big oil. CEO personally came to the boats on November 15th to say get ready for layoffs. They knew right after the election
It's gonna get bad
Yep exactly, it was trumps history that caused the alarm in November, the layoffs started in January. My hubs is still there due to seniority but it's risky and he's putting feelers out to companies in Brazil
Falling oil prices could force U.S. shale producers to cut production. U.S. crude oil at $60 per barrel is already below the break-even price for some shale companies, said Jeff Currie, chief strategy officer for energy at Carlyle.
See, the thing is, when it gets below $60/barrel, that’s when oil companies stop doing maintenance & start layoffs. They don’t make sure there aren’t anomalies in the pipes, and they don’t hire or promote the field people. What they seldom do is lower prices at the pump
The switch from winter formula gas to summer formula. Suppliers have to have all of their winter formula out of the storage tanks by a certain date, so they discount it to get rid of it on time. Check out Mr Global. He's an oil and gas expert who has great explanations.
That would make sense if the price had gone down, but ours went up. The pump price went up as the cost of a barrel of oil dropped and OPEC increased production.
Sure, they won’t be able to afford cars/car payments, won’t have jobs to go to & definitely won’t have vacation money, but hey, cheaper gas (unless Big Gas decides to keep it high, because they know you’ve gotten used to paying it).
People fail to understand that there’s a “floor” to gas prices, and when the BBL’s at or below $50, it makes no sense to pump or refine oil, as in zero margin$$$, zero reason to make it, as in no refiner will gift oil and distribution costs to any retailer or wholesaler
If there is anything oversupply, the price goes down. And trump put a lot of oil companies and such out of business his last term in office. The "drill baby drill" will not create the market he thinks. If anything, the small companies will be bought up and then MONOPOLY.
Comments
Food for the poor?
Free Healthcare?
Allies?
A stock market?
A palestine free of israel?
Nope.
We get the shaft..
We sell most of it between can't refine it.
It's gonna get bad
What a mixed message from Trump as usual- Drill baby drill, then layoffs
Same old game he always pulls
Winning................
Become unprofitable
The controlled the prices going uo and control them coming down!@
Which suits me just fine.
We sell our oil, so it means less money for our oil.
https://www.reuters.com/business/energy/how-much-crude-oil-does-us-import-by-country-2025-01-31/
So his stupidity will screw the guy he's trying to help by doing all this!
Smh..
In fact, it had went up recently!