Fuel prices around the world.

[lman]

It all depends on what direction the political wind is blowing and what day of the week it is.

 

[jyoutz]

Hah
CNN & NPR... Now there’s a reliable source


From Mossy’s CNN article:

…..Looking ahead, the industry is more eager to increase production than it was in the fall, said McNally, in part because they are less concerned about US government efforts to limit fossil fuel production in an effort to fight climate change.

“The Biden administration is suddenly interested in more drilling, not less,” McNally said. “People are more worried about high oil prices than anything else.”

That part that is underlined tells me a lot right there.

Still grinding your axe

 

[jyoutz]

It all depends on what direction the political wind is blowing and what day of the week it is.

It is more dependent on shareholder interests.

 

[Reddogs]

I would call plateau the correct word. I am sorry if I am struggling to make my point. A person (or company's) desire to ramp production temporarily, could adversely be effected by being treated like an enemy of the state. Most of the activity you noted above had been in the planing stages for many years.

Policy changes are like mating elephants, it is done at a very high level, and takes a long time to see the results.

Again, not picking at you, or really anyone, if I was a little smarter, or more eloquent, I could get people to see how/why things are done. The deficit is with me.

Best,

ed

My thought would be, why would the oil companies even want to ramp up production, as they know the less oil, the more profit.....

 

[MossRoad]

Still grinding your axe

He's got plenty of axe to grind, as part of his business is dependent on fuel prices. I just think he's stuck on one point of a multi-pointed issue.

 

[lman]

My thought would be, why would the oil companies even want to ramp up production, as they know the less oil, the more profit.....

It seems that competition is not as much a factor as it used to be. Could be some collusion with the oil companies.

 

[jyoutz]

Hah
CNN & NPR... Now there’s a reliable source


From Mossy’s CNN article:

…..Looking ahead, the industry is more eager to increase production than it was in the fall, said McNally, in part because they are less concerned about US government efforts to limit fossil fuel production in an effort to fight climate change.

“The Biden administration is suddenly interested in more drilling, not less,” McNally said. “People are more worried about high oil prices than anything else.”

That part that is underlined tells me a lot right there.

Actually they are very respected news sources. Name your sources of news. Opinion show hosts? Political sound bites? The guys at the coffee shop?

 

[MossRoad]

Actually they are very respected news sources. Name your sources of news. Opinion show hosts? Political sound bites? The guys at the coffee shop?

You just have to separate the news from the opinion pieces. A lot of folks take editorials as fact, when it's opinion. That's hard to do on a news talk show, as they usually show a news piece, then discuss it. The news was fact. The discussion is opinion.

 

[Helogabals]

Just random station in Germany

2,15 €/L = 8.89 $/GAL

 

[Hay Dude]

Anyone who thinks CNN and NPR don’t have a deep “slant” in one direction is delusional. I’m sorry to say that, but it’s true. They trash one side and glamorize the other. It’s heavily biased one way opinions.
CNN is loaded with hosts who present news in a very one-sided manner. Many of their “opinion journalists” have gotten themselves in trouble getting cozy with bad actors and other affairs. They’ve recently had a big shake up in their top management, too.
NPR is a taxpayer funded organization who only reports positive news for one side and trashes the other.

I don’t spend much time listening to either since I know I will be getting a lot of opinions and biases.