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Dat look
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Replies: 11
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Dat look


Dec 29, 2021, 8:43 AM

..
2024 white level memberbadge-donor-15yr.jpg flag link military_tech thumb_downthumb_up

https://as1.ftcdn.net/v2/jpg/00/81/16/28/1000_F_81162810_8TlZDomtVuVGlyqWL2I4HA7Wlqw7cr5a.jpg


16 cents on 4th of July BBQ plus 2 cents on gas


Dec 29, 2021, 9:04 AM

= 18 cents and people still want to complain

2024 orange level memberbadge-donor-10yr.jpg flag link military_tech thumb_downthumb_up


That seems like odd phrasing


Dec 29, 2021, 9:10 AM

Directly, demand increase certainly caused an increase in the price. I suppose increase in demand for gas could be a sign of an improving economy. But it's not a causal relationship.

flag link military_tech thumb_downthumb_up

Demand is down compared to 2019.


Dec 29, 2021, 9:21 AM

The loss of energy independence and relying on OPEC is driving prices up.

https://www.iea.org/reports/global-energy-review-2021/oil#:~:text=Gasoline%20demand%20is%20set%20to%20increase%20by%201.8,to%20remain%20around%20500%20kb%2Fd%20below%20pre-Covid%20levels
Oil – Global Energy Review 2021 – Analysis - IEA
Global Energy Review 2021 - Analysis and key findings. A report by the International Energy Agency.
.

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we need more solar panels


Dec 29, 2021, 9:24 AM

to power our $50,000 Teslas

2024 orange level memberbadge-donor-10yr.jpg flag link military_tech thumb_downthumb_up


Yes, I'm sure that's true.


Dec 29, 2021, 9:39 AM [ in reply to Demand is down compared to 2019. ]

Demand increased price, and decrease in supply also decreases price.

flag link military_tech thumb_downthumb_up

*increases price, sorry.***


Dec 29, 2021, 9:39 AM



flag link military_tech thumb_downthumb_up

US oil production is up 2021 vs 2020....


Dec 29, 2021, 1:37 PM [ in reply to Demand is down compared to 2019. ]

but not back to 2019 levels.

What's not clear to me is how the federal government policy in 2021 is directly keeping production levels down.

I hear the pause on new federal oil leases cited a lot, but that's just new leases, not existing leases.

badge-donor-05yr.jpg flag link military_tech thumb_downthumb_up

Uptick in demand. Decrease in supply.


Dec 29, 2021, 1:15 PM [ in reply to That seems like odd phrasing ]

And the US blocking a bunch of future supply and strangling competitive alternatives like natural gas.

And the high oil prices have lead to burning more coal which the greenies love. Let’s cut off oil and burn coal to save the planet. Wait, wut?

flag link military_tech thumb_downthumb_up

Wait...how has the increase in oil prices led to burning...


Dec 29, 2021, 1:29 PM

more coal?

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Re: Wait...how has the increase in oil prices led to burning...


Dec 30, 2021, 9:57 AM

flow0440

The rising crude prices pulled natural gas prices up with them. When natural gas gets too expensive, lots of industry switches back to coal.

Europe:
https://www.reuters.com/business/energy/european-gas-price-surge-prompts-switch-coal-2021-10-12/
European gas price surge prompts switch to coal
Soaring European wholesale gas prices are encouraging more utilities to switch to carbon-heavy coal to generate electricity just as the region tries to wean nations off the polluting fuel.


US:
https://www.spglobal.com/platts/en/market-insights/blogs/coal/092220-us-gas-to-coal-switching-to-boost-coal-consumption-help-trim-stocks
US gas-to-coal switching to boost coal consumption, help trim stocks
Despite a long term trend of coal power plant closures, and dented energy demand more recently due to the coronavirus crisis, upside for coal has been materializing in the US as gas fired generators reacted to higher prices in the summer months and coal regained some market share lost in 2019.
flag link military_tech thumb_downthumb_up

I'm not an expert on this, but I didn't think the US...


Dec 30, 2021, 11:09 AM

crude oil and natural gas production was that inter-linked. Certainly not like Brazil and other countries where the production of the 2 is so mixed together.

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