This is funny but IRL gas prices are not please this is a cry for help my gas bill and grocery bill have gone up so much I only buy half what I would buy a year, year and a half ago save me
@ShobieShy, death is an easy escape.....join me friend.....jooooiiinnn meee
@ShobieShy, did you try just being rich?
@twopotatoes, death by Brandon, there's a way to go
@ShobieShy, down for that
@waymo , go home Scrooge
@ShobieShy, but hey, minimum wage went up, so why aren't your problems magically disappearing?!
@twopotatoes, ok Garfield
@WelI Obviously, ok Odie
Good job Brandon! Keep up the awesome work.
@Jolee Bindo, It’s almost as if oil is a global market and the US President doesn’t control it….. 🤔
@Nellybert , the speculation he caused by ending oil and natural gas related projects caused the price to go up. Not the actions, the speculation on the actions by the industry
@ShobieShy, Plus Japanese demand for LNG rising and diverting shipments, huge increases in gas demand across Europe caused by a cold spell, OPEC restricting output, Russia holding back capacity to try and pressure German courts in to approving Nordstream 2, Chinese factory output shooting up and ramping up coal prices….. Its a global market, and pretty much all the shít hit all of the fans at the same time.
@ShobieShy, pretty much how every market works. Speculation is self fulfilling.
@Nellybert , it’s almost like scrapping oil infrastructure projects such as the Keystone Pipeline and suspending potential oil lease sales in Alaska didn’t help matters 🤔
@Jolee Bindo, it’s gone down by $0.02 in the last week though!! Let’s Go Brandon!!!
@Jolee Bindo, because saving you $0.20 a gallon is worth destroying a whole ecosystem
@Nellybert , When the US forces other nations to by oil with US Dollars, the US President does have a lot of power over the oil market.
@Blandrice, Dollars are used as a reference price for uniformity and ease - sales between counterparties don’t have to happen in USD, they take place in whatever currency they agree on. You think that when BP pumps oil out from under the North Sea and ships it to a terminal in Scotland to sell to a British company, they insist on the transaction happening in USD? No, they’ll agree on the price and the British company will buy oil from the other British company with a payment in GBP.
It’s simply that it would be chaos if every country referenced internationally traded commodities in local currency, and then everyone had to convert that in to every other currency.
The real power in oil is OPEC, not the US.
@Jolee Bindo, The Keystone XL pipeline would have added about 500k BBL per day to pipeline capacity, if it was ever finished, without doing anything to increase output - so there’s no guarantee that it would even increased supply, as there is surplus capacity on the existing infrastructure already.
When the permit was revoked they had laid 93 miles of the planned 1,210 miles of pipeline (about 8%) so any increase would have been years away anyway - not going to have had any impact on oil prices now.
You may not agree with me - that I believe we need to reduce fossil fuel consumption to avoid climate change. However, I am indisputably consistent in my cheering gas prices when they increase despite how much I know it will affect me personally.
“…but at what cost?”
@Cave Dweller, bout tree fiddy