[JMintzer]

Originally Posted by MartinSE

My google foo is seriously lacking. I could find NO indication of any amount of baby formula being shipped overseas.

The oil industry is a global industry and we are part of that. For the government to stop exports would be very much like a socialist country, dictating what and how a company does business.

But making US production more difficult is just fine?

[Babubhat]

Shareholder returns are paramount. They finally got financial discipline. Love my oil stocks

[jimjamuser]

Originally Posted by Stu from NYC

If we had been encouraging drilling and increased production it would have had an effect. Telling producers your time and product is very soon coming to an end does not encourage further investment.

No one, in particular, is telling oil producers that their TIME and product are coming to an end. They just KNOW it themselves! The oil executives are not stupid - they see the benefits of CLEAN energy. They know that a transition AWAY from oil is coming EVENTUALLY. It will happen SLOWLY and many will just come to think of themselves as energy providers. One day they will be managing SOLAR fields and storage batteries instead of oil fields.
.........This transition to clean energy will not happen overnight, but it seems inevitable that humans will engineer and design continuously more efficient and renewable energy. Oil is used in many commercial products and that may be a better purpose than just burning it up in an internal combustion engine and producing pollution and Global Warming. Also, there is just a limited quantity of oil in the ground - the earth does NOT produce new oil. Burning oil into the atmosphere today does not save it for future generations.
..........Anyway, our generation will not live to see the transition away from oil as energy completed.

[jimjamuser]

Originally Posted by Two Bills

Even if God himself was elected, he would have had no control over gas prices, apart from Federal Tax.
Market and demand control the price.

True!

[jimjamuser]

Originally Posted by Bay Kid

All so true. Certain people promised to stop oil production in the US, then they reduced our Strategic Reserve for no good reason. It is like our enemy is in control.

Many feel otherwise!

[MartinSE]

Originally Posted by jimjamuser

No one, in particular, is telling oil producers that their TIME and product are coming to an end. They just KNOW it themselves! The oil executives are not stupid - they see the benefits of CLEAN energy. They know that a transition AWAY from oil is coming EVENTUALLY. It will happen SLOWLY and many will just come to think of themselves as energy providers. One day they will be managing SOLAR fields and storage batteries instead of oil fields.

Correct, that is just another version of "they are forcing me to buy electric cars". Well, sort of, if you consider giving you a 30 year heads up that EV is coming. Yes, it will take 30 years to replace the 300 million ICE vehicles on the streets. So, the end is coming, it is almost here, is just hyperbole.

.........This transition to clean energy will not happen overnight, ...

Pretty much an understatement. More than likely at least 30 years coming. I expect few of us posting in this thread will be around then so it becomes hard to see, "FORCING" as anything but hyperbole.

Oil is used in many commercial products and that may be a better purpose than just burning it up in an internal combustion engine and producing pollution and Global Warming. Also, there is just a limited quantity of oil in the ground - the earth does NOT produce new oil. Burning oil into the atmosphere today does not save it for future generations.

Wait, you are suggesting that we consider the future when consuming limited resources? That almost sounds conservative - ie. conservation of something that is good.

[jimjamuser]

Originally Posted by Stu from NYC

We got what they promised and are paying for it thru the nose

WE and THEY - so much polarization. Everybody has to pick a side and then defame the other side. Is this REALITY or a DISTORTION caused by the HUGE media influencers like a relatively new TV channel and Facebook algorithms that send people away from the middle (in their opinions) toward both left and mainly right corners of the opinion world.
.........Every subject (like oil and gas) is looked at with frozen and unchangeable emotions. Facts don't matter. They can be slanted or turned upside down.
........Too much POLARIZATION can cause a thriving, modern nation to LOSE its democracy!

[jimjamuser]

Originally Posted by MartinSE

My google foo is seriously lacking. I could find NO indication of any amount of baby formula being shipped overseas.

The oil industry is a global industry and we are part of that. For the government to stop exports would be very much like a socialist country, dictating what and how a company does business.

Agreed about BOTH baby formula and oil.

[MartinSE]

Originally Posted by jimjamuser

WE and THEY - so much polarization. Everybody has to pick a side and then defame the other side. Is this REALITY or a DISTORTION caused by the HUGE media influencers like a relatively new TV channel and Facebook algorithms that send people away from the middle (in their opinions) toward both left and mainly right corners of the opinion world.
.........Every subject (like oil and gas) is looked at with frozen and unchangeable emotions. Facts don't matter. They can be slanted or turned upside down.
........Too much POLARIZATION can cause a thriving, modern nation to LOSE its democracy!

Sadly, the hate has been coming (being promoted) for a LONG time, back to and before McCarthy. The current tsunami of hate and division is just being enabled by technology.

And I still ask, WHO profits if the US destroys itself with all this infighting? Russia and China? So many claim they are fighting for America, but the end will be China most likely taking over as the worlds economic super power. At least that is how it appears to me.

Imagine a football team where the linemen and backfield hated each other - how many games would they win

[Stu from NYC]

Originally Posted by jimjamuser

WE and THEY - so much polarization. Everybody has to pick a side and then defame the other side. Is this REALITY or a DISTORTION caused by the HUGE media influencers like a relatively new TV channel and Facebook algorithms that send people away from the middle (in their opinions) toward both left and mainly right corners of the opinion world.
.........Every subject (like oil and gas) is looked at with frozen and unchangeable emotions. Facts don't matter. They can be slanted or turned upside down.
........Too much POLARIZATION can cause a thriving, modern nation to LOSE its democracy!

The powers to be have strongly discouraged expanding petroleum program in the past 18 months. As a result supply has not been increasing fast enough to cover demand.

[MartinSE]

Originally Posted by Stu from NYC

The powers to be have strongly discouraged expanding petroleum program in the past 18 months. As a result supply has not been increasing fast enough to cover demand.

In what ways have they "strongly discouraged" expanding supply?

[vintageogauge]

Originally Posted by jimjamuser

No one, in particular, is telling oil producers that their TIME and product are coming to an end. They just KNOW it themselves! The oil executives are not stupid - they see the benefits of CLEAN energy. They know that a transition AWAY from oil is coming EVENTUALLY. It will happen SLOWLY and many will just come to think of themselves as energy providers. One day they will be managing SOLAR fields and storage batteries instead of oil fields.
.........This transition to clean energy will not happen overnight, but it seems inevitable that humans will engineer and design continuously more efficient and renewable energy. Oil is used in many commercial products and that may be a better purpose than just burning it up in an internal combustion engine and producing pollution and Global Warming. Also, there is just a limited quantity of oil in the ground - the earth does NOT produce new oil. Burning oil into the atmosphere today does not save it for future generations.
..........Anyway, our generation will not live to see the transition away from oil as energy completed.

There is still a huge demand for coal around the world and none of us will see the day that the demand for oil has a significant drop, production will drop as it already has here but that will not be from lack of demand.

[Stu from NYC]

Originally Posted by MartinSE

In what ways have they "strongly discouraged" expanding supply?

Telling the oil companies they are pushing the end of ice as fast as they can. Cancelling pipelines and leases.

Once again if you ran an oil company would you put your funds into expanding production when they keep telling you they want to reduce demand drastically.

[Haggar]

Price differences between cash purposes and credit card purposes are allowed by law in 39 states.

The credit cards purchases are run through the gas company and are actually used to pay for the gas the station buys with the overage going back to the vendor and shortages charged to their back account.

If this was illegal the gas companies would be allowing their stations to do it.

[Haggar]

That should be "the gas companies would NOT be allowing it.