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Post by Tarponator on Aug 11, 2024 21:54:57 GMT -5
Who can even remember who was president 10 years ago?
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Post by tonyroma on Aug 11, 2024 21:58:05 GMT -5
Bill Clinton?
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Post by illinoisfisherman on Aug 11, 2024 22:30:48 GMT -5
🤣
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Post by cadman on Aug 11, 2024 22:37:31 GMT -5
Because inflation averages about 2.5% annually over time so $2.14 today might equal $2.20 or so in buying power 2 years from now. The information you cited did not appear to account for that in its analysis of cost. Maybe it does and I’m just wrong. If so, please share that citation where inflation is considered in their comparison. It’s really not a complicated question. Not sure what the cause for confusion is. $2.14 today will have less buying power in two years. Are you looking for what the price is compared to what it should be if it increased the same as inflation? That would be useless information. Edit: Since you haven't read this yet, please be sure you really want that comparison. I ask because inflation in 2017 to 2019 was around 1%, so Obama's administration would still be lower except comparing 2015 to 2017. Trump's admin was way higher than 2016 even if I adjust 2016 for inflation. The other problem with your request that you might want to think about is, if I adjust the June and July 2018 and 2019 prices for inflation to today, then the price of gas under Biden's administration would be cheaper right now then it was for the same period in those years, using your idea. if you want to play with numbers we can do that, but it won't give you the result you think it will. Useless information. Do you really want to go down that rabbit hole?
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Post by osprey11 on Aug 12, 2024 9:38:47 GMT -5
Riddle me this. If a federal oil lease is 10 years who do you think signed them that gave us record production? One guess and it aint Biden. Also, what do you think will happen when those leases run out if a dem is in office? It wont be renewed and future production will be in jeopardy. But yes, we should all thank Trump for the leases he signed! Only a dem could take credit for it with a straight face. PATHETIC! Once again who is responsible for the record production?
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Post by meateater on Aug 12, 2024 9:45:50 GMT -5
You Trump hating TDS suffering folks definitely need mental help and probably meds for the remainder of your lives Instead of calling people names and insulting them, why don't you address the meaning of the gallows and the references to VP Pence? I know, I know........just some exuberant tourists from the heartland who happened to have a gallows in the trunk of their car. By the way, The Germans were big on drugging the folks that disagreed with them also. why dont you quit crying about trump the big meanie and tell us about how great kamala and walz are gonna be for working class americans, tell us what she,s gonna do when she,s elected that she couldnt do the last 4 years, wimpy ass cowards like cad and mr bandit i understand but you seem half normal.
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Post by cadman on Aug 12, 2024 13:38:35 GMT -5
Riddle me this. If a federal oil lease is 10 years who do you think signed them that gave us record production? One guess and it aint Biden. Also, what do you think will happen when those leases run out if a dem is in office? It wont be renewed and future production will be in jeopardy. But yes, we should all thank Trump for the leases he signed! Only a dem could take credit for it with a straight face. PATHETIC! Once again who is responsible for the record production? 10 year old lease would be Obama. Go Obama!! You really want to give Obama credit for everything for some reason. The record production is largely due to the current gas prices. Shale oil is more expensive to extract than conventional oil. Shale oil guys close down the most expensive wells when oil prices get too low. Makes zero sense to lose money. With $70 to $80 a barrel oil prices, they are working every well they got. if you look at a graph of domestic production you would see in 2016 and in 2020, domestic production dropped due to oil prices being too low to make it profitable. The current rapid increase in shale oil production began after the 2009 recession in 2010 when domestic production was 5,484 thousand barrels a day and shot up to 9,439 thousand barrels a day in 2015. it dropped in 2016 and 2017 and then went back up in 2018 and 2019 hitting a record of 13,000 thousand barrels a day before crashing in 2020. As the price increased after Covid it started climbing again hitting a record of 13,308 thousand barrels a day in December of 2023. We are currently pumping a little over 13,000 thousand barrels a day. So it started under Obama, long before Trump.
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Post by osprey11 on Aug 12, 2024 14:15:48 GMT -5
OR THE ONES SIGNED UNDER TRUMP ARE STILL ACTIVE YOU DUMB FUCK! Who said 10 year old? I said they last 10 years. God you are obtuse!
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Post by osprey11 on Aug 12, 2024 14:25:57 GMT -5
Are you stupid enough to argue Obama and Bidens's policies expanded oil leases? Are you that daft?
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Post by cadman on Aug 12, 2024 14:44:09 GMT -5
Are you stupid enough to argue Obama and Bidens's policies expanded oil leases? Are you that daft? Obama's administrated expanded oil production by the fact it almost doubled while he was in office. Leases aren't worth shit unless they produce oil. Oil production is the game. Biden's administration is overseeing record production. Remember the MAGA's golden rule. if it happens while the guy is in office he gets credit or the blame for it. it is immaterial what happened before he took office. That is the Trump philosophy.
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Post by osprey11 on Aug 12, 2024 14:55:27 GMT -5
LOL You are so full of shit. So glad everyone here can see it! LOL at YOU! Can't fix stupid!
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Post by osprey11 on Aug 12, 2024 16:04:57 GMT -5
Are you stupid enough to argue Obama and Bidens's policies expanded oil leases? Are you that daft? Obama's administrated expanded oil production by the fact it almost doubled while he was in office. Leases aren't worth shit unless they produce oil. Oil production is the game. Biden's administration is overseeing record production. Remember the MAGA's golden rule. if it happens while the guy is in office he gets credit or the blame for it. it is immaterial what happened before he took office. That is the Trump philosophy. So you blame Bush for 9/11?
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Post by conchydong on Aug 12, 2024 16:15:24 GMT -5
Obama's administrated expanded oil production by the fact it almost doubled while he was in office. Leases aren't worth shit unless they produce oil. Oil production is the game. Biden's administration is overseeing record production. Remember the MAGA's golden rule. if it happens while the guy is in office he gets credit or the blame for it. it is immaterial what happened before he took office. That is the Trump philosophy. So you blame Bush for 9/11? Perhaps fracking technology happened to improve during his administration despite his anti drilling positions. This is for Cad not you Osprey.
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Post by conchydong on Aug 12, 2024 16:17:35 GMT -5
So you blame Bush for 9/11? Perhaps fracking technology happened to improve during Obama’s administration despite his anti drilling positions. This is for Cad not you Osprey.
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Post by illinoisfisherman on Aug 12, 2024 16:20:53 GMT -5
The Dems have done everything in their power to hurt the oil industry
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