Diesel prices take a jump yet again

[dirttoys]

My only agenda is that we discuss the facts, not incorrect disinformation such as “ oil production is declining.” And blaming an oil pipeline cancellation on reduced US fuel supply (it is destined for export anyway). I actually don’t support either political party (I’m independent), just want a facts based discussion. Too many of the comments here are mouthing political agendas and talking points. The facts:
1) the US is producing as much crude oil as we ever have.
2). We are exporting a large amount of both crude oil and fuel.
3) The cancelled Canadian pipeline didn’t affect US supply because it has always been planned for export and the oil quality isn’t suitable for existing refineries to use.
4) Prices are influenced by a worldwide market because the US is a major exporter.
5) The entire world is experiencing huge price increases for fuel this year.
6) Lot of things are creating this price situation, not just US politics.

These are all facts that can be verified, not opinions. We are all entitled to our own opinions, but not our own facts. Now if we want to discuss general inflation, I think there are plenty of facts that indicate poor political policies exacerbating the situation.

1. Your claim of independence is specious. Having voted for a bush, and not being concerned about a few socialists/communists in our government does not an independent make.
2. Your staunch refusal to admit a clear and open party/administration position of moving away from fossil fuels can impact consumer price is disingenuous.
3. In contrast, you had a previous administration committed to energy independence, where most of your worldwide "things" would have had little to no impact on the US.
4. You openly support (and want more from) the unaccountable politically driven epa. With the intent to make production more difficult and less profitable.
5. The use of selective facts, out of context, does not make you a rock star, it makes you a guy that uses selective facts out of context to support a clear agenda, without admitting your position.
6. You have the right to your opinions, you have the right to quote articles to support them. You have the right to not disclose your political positions.
7. I have the right to call out the pattern in your writings.
8. Bigger or smaller government is a basic question in nearly every issue we have of importance in front of us. I want freedom and as little government as is needed to do its' job per the constitution. I do not believe that is what you want. Please correct me if I am wrong.

I would like to point out: I had 8 bullet points compared to your six. Therefore, factually, I am 2 better

Best,

ed

 

[jyoutz]

1. Your claim of independence is specious. Having voted for a bush, and not being concerned about a few socialists/communists in our government does not an independent make.
2. Your staunch refusal to admit a clear and open party/administration position of moving away from fossil fuels can impact consumer price is disingenuous.
3. In contrast, you had a previous administration committed to energy independence, where most of your worldwide "things" would have had little to no impact on the US.
4. You openly support (and want more from) the unaccountable politically driven epa. With the intent to make production more difficult and less profitable.
5. The use of selective facts, out of context, does not make you a rock star, it makes you a guy that uses selective facts out of context to support a clear agenda, without admitting your position.
6. You have the right to your opinions, you have the right to quote articles to support them. You have the right to not disclose your political positions.
7. I have the right to call out the pattern in your writings.
8. Bigger or smaller government is a basic question in nearly every issue we have of importance in front of us. I want freedom and as little government as is needed to do its' job per the constitution. I do not believe that is what you want. Please correct me if I am wrong.

I would like to point out: I had 8 bullet points compared to your six. Therefore, factually, I am 2 better

Best,

ed

1. The registered voter declares their political affiliation, there isn’t any other entry requirements. I’ve registered independent and vote for candidates of both parties. It’s my choice to declare affiliation, nobody else.
2. This is an opinion thing, and I didn’t list it as one on my facts.
3. Whatever any previous or current administration states as talking points aside, the US is currently producing as much crude oil in 2022 as the previous administration with a new record level of production planned for next year. Interpret that however you wish, but the numbers are a fact.
4. I support the EPA administering the laws enacted by congress. That’s how this country operates. And yes they are politically accountable to the laws developed by politicians. And yes, the petroleum industry is far cleaner today than years ago and largely do a good job. It’s disingenuous for politicians to enact laws, then criticize agencies for following the laws. Politicians do this all the time to solicit votes.
5. Please name one “selective fact” I stated.
6. We all do.
7. Yes you do, and it’s your opinion.
8. I believe in effective government and it’s variable. For example, I work for an agency that manages federal lands in the west; millions of acres. Our state governments aren’t equipped or capable of managing public lands at this scale. On the other hand, in states with more modest acreages of public lands, States do a good job of this, and in places where lands are mostly private, landowners do a good job of managing the lands with help from private professional consultants. Land management is my frame of reference for this response. Too much government is tyranny; too little is anarchy. In between is best.

 

[bmaverick]

8. For example, I work for an agency that manages federal lands in the west; millions of acres.

This is the biggest point made so far. He's employed by the gov. Nothing else here to listen too, let's move on folks.

 

[Rebeldad1]

any idea when the diesel prices will come back on this forum?

 

[ptsg]

Fuel prices have come down a little bit. Regular diesel is now at 7.51 $/US gallon compared to 8.08 $/US gallon a couple months ago.

 

[RoyJackson]

any idea when the diesel prices will come back on this forum?

My guess is it'll be a year or better, assuming the Biden administration comes to their senses...

 

[Snobdds]

Anyone who has lived in the same region over 50 years knows the climate is changing. Every old time rancher will tell you the climate is different today than back in the 1960s. Someone has to be in deep denial to not see this.

There is climate and then is weather.

Is the climate changing or is the weather changing?

 

[Snobdds]

Refineries produce lots of dangerous chemicals and carcinogenic compounds and need to be regulated. They are essential to our society, but sloppy operations aren’t acceptable.

They have been regulated for decades at this point...what can they possibly improve on?

 

[Snobdds]

Jamie Dimon says 'brace yourself' for an economic hurricane caused by the Fed and Ukraine war

"You know, I said there's storm clouds but I'm going to change it … it's a hurricane," Dimon said Wednesday at a financial conference in New York.

www.cnbc.com

Fed Starts Experiment of Letting $8.9 Trillion Portfolio Shrink

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergElon Musk’s Ultimatum to Tesla Execs: Return to the Office or Get OutReady to Buy a House? Just Wait a Few WeeksSoros’s Money Manager Warns Recession...

nz.finance.yahoo.com

June starts the fed policy of quantitative tightening. The fed has never had to do this before. If your paying attention, it means the money supply got way out of control.

They are basically forcing banks to pull money out of circulation that otherwise would be loaned out and parking those new reserves at the fed. They do this through reserve requirements increasing by some arbitrary amount. This has never been done before and nobody knows how this ends. Only the fed can turn a asset into a liability overnight, which they just did on the banking sector.

 

[2manyrocks]

? Paul Volcker threw the brakes on pretty hard to fight the inflation that ramped up in the late 1970s.