MonacoMike
Well-Known Member
- Sep 15, 2009
- 14,721
- Boat Info
- 2000 Cruisers 3870
8.2 Mercs
- Engines
- 85 Sea Ray Monaco 197
260hp Alpha 1
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I wanted to hit “like this post”I’m afraid it’s going to get worse before it gets better.
Sam's and Costco are $3.39. Mobil is the highest within 5 miles of my house at $3.99.
Sam's went up 25¢/gal this week.
Well, I guess I underestimated that!
Diesel hit $4.47 on the street in Ft Myers area yesterday. 60 cents more than the day before.
Oh, that's just Russian disinformation.Some very positive steps that could be taken immediately to signal the market we’re serious about supply:
Approve Keystone XL
Renew drilling leases
Anything to restimulate domestic fracking
Relax CAFE stds
All of these things would have immediate effects on the price of crude as the market prices them in. The market thrives on certainty, and leadership in having a net energy surplus would do wonders. Even if it takes time to bring resources on line.
I agree sir, but the XL, leases, etc would have to have guarantee's in place so they are able to dedicate the cash to these projects. I wouldn't put my money into them without certainly knowing you would not be shut down again.Some very positive steps that could be taken immediately to signal the market we’re serious about supply:
Approve Keystone XL
Renew drilling leases
Anything to restimulate domestic fracking
Relax CAFE stds
All of these things would have immediate effects on the price of crude as the market prices them in. The market thrives on certainty, and leadership in having a net energy surplus would do wonders. Even if it takes time to bring resources on line.
I take that with a grain of salt. They are the boys who cry wolf. They were throwing that sh!t against the wall in 2008. Not that the $140 we had back then was pleasant but better than $185. I don't know what the price has to be for the domestic producers to throw caution to the wind and start producing all out, Biden be damned. But I suspect it is less than $140/barrel. I haven't seen anything recent but 2 years ago they were saying it costs $50ish/barrel to produce oil in the Dakotas and get it to a refinery. That's a lot of upside even if the cost to produce is 20% higher now. It's all about economics right?“.JP Morgan and Bank of America overnight predicted that oil will hit $185 per barrel.”
https://www.bloomberg.com/news/arti...85-oil-in-view-if-russian-supply-hit-persists
Oh he cares. The higher the better for him. Makes him look like a genius pushing 'renewable' energyThe mistake I don’t want you guys to make is the thought that joe Biden, or anyone in his administration actually cares what the price of gas is.