Try northern Wisconsin! Off peak… so you only heat your home between the hours of 3:00 and 4:00 am?
Get back to me about your “cheap rates” when the whole country is forced on the electrical grid. I also find it difficult to believe your electricity is cheaper than natural gas heat. Hmmm, wonder who is responsible for that.

Why would these companies put more effort and cost into something where efforts are being made to make their industry extinct?

Hmmmmm.....in your reply I see the words like "expected" and "due". Translation: You have no facts to back up what you're posting… I gave you data directly from the department of energy website.… You give me speculation based on a 5 month old Reuters report from May 10, 2022.( I wonder how I found that out???) Try again when you get some hard verifiable data. I'll wait.:mornincoffee:

Would that huge increase in consumption be due to the unplanned bulge in the population that is occurring? People need to be able to survive winter conditions in the USA and also personal electricity useage.

If you believe that COVID is the only thing that cut US oil production since 2020-2021, I believe you’re not up to date on current events.

it needs years of development before it can used en masse. it didn't help that some of these companies went bankrupt, ie: solindra. we all can't expect to live off the power until it becomes capable of handing millions, the infrastructure simply isn't there yet. and we cant use wind because there were issues with the turbines killing birds, as well as being unsightly-nobody wants it in their back yard. i feel you, but we have to walk before we can run

leaders allow which lands can be used

Saudi Aramco stock doesn't look that great. Maybe they should raise prices.

Stock | News | ARAMCO Stock Price Today | Analyst Opinions | Markets Insider

Unlike the US oil industry which is filled with executives who don't care about their profits and will happily use all the oil drilling permits they are sitting on unused because they won't drill until the profit is greater. And those US oil companies will certainly only sell their oil on the US market to US distributors. No plans whatsoever to sell US oil on the world market.

Think instead of reflexively spouting propaganda. The US is already producing enough oil to completely satisfy the US need. There is some mismatch in low sulfur vs higher sulfur oil. But there is a huge amount of oil already permitted to be drilled that is sitting in the ground in the US. It just will cost more to get it out, so the price will go up. Just like it will if OPEC drills less. The oil market is not a US vs not US world and our drilling companies are only interested in profit, just like OPEC is.

Actually I am VERY much up on current events.
Oil production from 2021 to 2022 has increased every month and in July 2022 it was at an all-time high. It did go down slightly in August, but as analyst have said Wall Street investors and the oil industry CEO's are speculating a global recession. I think many on this site fail to realize is oil… Even oil produced in the United States is a global commodity. All the drilling in the world means nothing. It's refined petroleum products like gasoline and heating oil they make all the difference. If OPEC and Russia reduce their inventories that drives up the global price. Almost every oil company in the United States is foreign owned, and it is not in their best interest to boost supply because that drives down the price. They, including the US companies will keep the price high as long as there is demand. Do you know why gas prices were so cheap in 2020? The reason was because of the lockdown due to Covid (right or wrong) no one was driving their automobiles. That was happening around the world. If there is no demand then of course the price is cheap. It is simple economics.

Except they are being mandated in certain States...

Then why are we draining our strategic oil reserves?

https://pbs.twimg.com/media/FchUAheacAM2aMN.jpg

Already circling the drain...

Exactly...

I'd post a simple link, found on the In-ter-net, the refutes what you said about leases/permits, but that would be political and I don't want another vacation...

Please cite your source that almost every oil company in the USA is foreign owned. Gas is cheaper right now because our oil reserves are being depleted.

No Huge Increase.................it was minor.

The reason for the point was to show totals.

:jester:

High gas prices will force new car buyers into smaller cars, hybrids, and fully electric. Finland will require 100% electric new car sales within a few years. In the US Ebike and Emotorcycle sales will increase. Soon OPEC will have fewer customers and won't be able to lead the non-OPEC countries around by their noses.

The motivation is MUCH more than money.

Wonder how many people living in Cal will drive over to Oregon to buy a new car?

You won't be able to register it in CA...

Let’s hope Finland doesn’t flood since there are reports of electric cars in Florida involved in the hurricane flooding that have exploded.

Will never happen in your nor your children's lifetime...

Don't know where you got your info on Finland, but their extreme cold weather is a nightmare for EVs... And they have no laws "requiring that 100% of new cars be electric in a few years"...

There is consideration for eliminating domestic oil exports and only allowing natural gas exports to Europe for their winter. Good luck on that; America first may not sit well with corporate goals.

Not a friendly gesture to the United States and so close to the elections. Hummm.

Guess we establish a Florida address and register it there

Got some proof of this? or are you doing the "many people are saying" drive by thing?

1. It has an immediate impact of driving down prices for gasoline
2. The US doesn't give away the soil you know… They sell it on the open market at current prices. Then at a later date.....when the prices go down they will replenish the reserves at the lower value. The US government made 100's of millions of dollars off of this sale.:BigApplause:

Interesting read.
I still thought Texans in big hats owned all the oil!

"many people are saying"


Whether it applies in this particular case or not, it never ceases to amaze me how effective overall that statement has been...when certain people use it on their blind followers. Truly astounding - actually.

meanwhile Mexico is full of oil ! Mexico is one of the largest oil producers in the world (1.9 million barrels produced daily in 2021), and the fourth-largest in the Americas after the United States, Canada, and Brazil

"To be an enemy of the US is dangerous, but to be a friend is fatal"

This what they get when everything is controlled by the govt. & not by vote or the people. It’s called something, I don’t dare say!

It may be an interesting read but where does it indicate most of USA oil is owned by foreign entities?

Try following the news… people say. It’s truly astounding.:22yikes:

Thank you for providing that for the doubters before I could get back!:eclipsee_gold_cup:

Most states will require you to register your car when you move to that state...

No, they blocked the replenishment just a few years ago, when prices were quite low... Wonder why...