The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on May 19, 2022, 03:11:00 pm
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Soaring diesel prices spells bad news for America
by Rep. Byron Donalds (R-Fla.), opinion contributor - 05/19/22 11:00 AM ET
Over the past year and a half, fuel prices have seen record increases and among those is the skyrocketing price of diesel. Diesel is holding steady above $5.57 per gallon compared to one year ago when prices hovered just over $3.17 per gallon. Understandably, many Americans look at this increase as a reminder of historic inflation alongside astronomical prices for gas, groceries, lumber, automobiles, and the list goes on. Although this drastic surge in the price of goods and services is undoubtedly painful for countless Americans, the record cost of diesel is a crisis in and of itself.
Despite the attempts to undermine and slash America’s vast energy industry, there is no escaping the reality that America runs on oil and gas. Our economy depends on this fuel type—from tankers, trains, trucks, manufacturing, farming, and mining industries to the goods and services they support. Without diesel, America’s economy collapses—full stop. Considering the strong impact this commodity plays in our day-to-day lives, it’s time to discuss what outrageously high diesel prices mean for our economy. Unfortunately for Energy Secretary Jennifer Granholm and Transportation Secretary Pete Buttigieg, their tone-deaf message to go electric won’t work well for those that are currently feeling the pain at the diesel pump. Many on the left seriously think that higher energy prices are good for America. Don’t take my word for it—listen to the rhetoric of prominent Democrats and, more importantly, judge their actions (or lack thereof). For decades the climate change lobby has waged an aggressive war on America’s energy industry, and they finally have a puppet in power to enact their radical anti-American energy policies on a national scale.
Since Day One, the Biden-Harris administration has kissed the ring of the extremist Green New Deal movement. In return, America’s energy industry is collapsing before our very eyes. By canceling the Keystone XL pipeline, refusing to approve oil and gas leases, raising energy production royalties, and seeking oil from adversaries, American energy is under assault. Sadly, for American businesses, the job still needs to get done—which means higher prices for them and subsequently, higher prices for you. Economics 101 tells you that while many businesses attempt to eat increased costs, the reality is the increased burden will eventually fall on the consumer. According to UBS, diesel and jet fuel at New York harbor is currently trading at above $280 a barrel. Further, a number of experts say that this average price per barrel is more than just off the walls, but out of this world. Numbers like these equate to one thing for you and me: get ready for even higher prices at the pump and for everyday life.
more
https://thehill.com/blogs/congress-blog/3494194-soaring-diesel-prices-spells-bad-news-for-america/
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... and home heating oil prices if this continues into the Fall. No.2 home heating oil prices usually mirror diesel fuel prices since they are almost the same thing.
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... and home heating oil prices if this continues into the Fall. No.2 home heating oil prices usually mirror diesel fuel prices since they are almost the same thing.
Yup.
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From the article above:
"According to UBS, diesel and jet fuel at New York harbor is currently trading at above $280 a barrel. Further, a number of experts say that this average price per barrel is more than just off the walls, but out of this world."
Fishrrman prediction #1:
By summer's end, watch the price rise to $375-450 a barrel.
Fishrrman prediction #2:
As the situation grows worse with no end in sight, watch the dem-communist regime do this:
Since they are ideologically opposed to increasing supply, they will attempt to "force down" DEMAND.
How?
Fishrrman prediction #3:
Watch for the government to limit the sale of diesel fuel (in the worst-affected areas) by banning the sale of diesel to private vehicles, and restricting its sale to ONLY commercial vehicles (including diesel pickups).
Thus, this will both alleviate shortages (fewer buyers) and "push down the demand side of the supply/demand curve" (less demand = possibly lower prices, at least in their argument).
Again, the LAST thing I would expect the dem-coms in control to do is take the necessary steps that would increase supply.
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They should just use Bio-diesel.
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They should just use Bio-diesel.
It's new! It's improved! Coming to a socialist state near you, Soylent Green Diesel, Biofuel at it's finest! Initial batches made from useless Octogenarian politicians*
*Disclaimer, due to the useless nature and low quality of the feed stock no mileage, performance or quality guarantees implied or given.
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They could always try another lockdown. After all, coronavirus is still around...
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As I have stated before,this is all a part of their plan to move everyone into "Khrushchev Apartment Blocks" in cities so to make it easier for the government to control us all.
The next step will be to ban privately-owned cars and trucks unless you can get a "special permit" from the government to own one.
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They could always try another lockdown. After all, coronavirus is still around...
Actually, the last lockdown contributed to this situation. Stripper wells that made modest profits at $40/bbl became money losers during COVID when the price crashed. Many were plugged and abandoned, and because of their low production rates will not be redrilled or otherwise placed back into production. The sharpest decline was in wells producing under 15 barrels per day, which were reduced in number by over 50,000 wells.
In addition to that, existing higher production bracket wells suffered from production declines, generally quite steep in new horizontal wells (most will drop from initial production numbers to a more steady rate about 20% of their initial production in two to three years). Unless new wells are brought on line while those are declining, production overall will decline until those newer wells reach a more stable production rate.
With (earlier, COVID-related) low prices that replacement of production lost to that initial decline phase did not happen at a rate fast enough to keep production steady or to increase it back to pre-covid levels, because over a half million barrels per day of production have been lost to P&A of stripper (<20 BOPD) wells. With Biden Administration leasing and drilling policies, that will not happen, and with the destruction of the Keystone XL pipeline project (also a Biden 'feature'), our ability to compensate by importing 800,000 barrels of Canadian crude per day is not present, when it would have been approaching operational status by now.
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Tucker Carlson on the price of diesel.
https://twitter.com/TuckerCarlson/status/1533252868781879297
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As I have stated before,this is all a part of their plan to move everyone into "Khrushchev Apartment Blocks" in cities so to make it easier for the government to control us all.
The next step will be to ban privately-owned cars and trucks unless you can get a "special permit" from the government to own one.
I am sure that some folks think that you're kidding or exaggerating. I am not one of them.
It's all there in the UN's Agenda 2030: Eliminate fossil fuels. Centralize the population in urban zones. Mandate public transit. Have central government planners oversee the production, transportation and distribution of goods and services, especially agricultural products. "Partner" with multinational corporations so that information is distributed "equitably" and free of whatever is termed "dis- or misinformation". Eliminate national borders.
It's all there and they are no longer hiding it.
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As I have stated before,this is all a part of their plan to move everyone into "Khrushchev Apartment Blocks" in cities so to make it easier for the government to control us all.
The next step will be to ban privately-owned cars and trucks unless you can get a "special permit" from the government to own one.
They will ban septic tanks. No one can have electricity who is not hooked to a sewer system.
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They will ban septic tanks. No one can have electricity who is not hooked to a sewer system.
@rustynail
Septic tanks have been banned in cities for decades.
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They will ban septic tanks. No one can have electricity who is not hooked to a sewer system.
Pretty hard to do.... Believe it or not, most of America is beyond where septic lines reach. Ain't no sewer here where I am, and I am just a mile from town. And there ain't ever going to be a septic tank up in the holler... That'll be composting toilets... And it's way past electric lines too. Never will be out there.
Not that I disbelieve you - I bring it up to show the difference that comes with independence. The threats mean literally nothing to me.
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Pretty hard to do.... Believe it or not, most of America is beyond where septic lines reach. Ain't no sewer here where I am, and I am just a mile from town. And there ain't ever going to be a septic tank up in the holler... That'll be composting toilets... And it's way past electric lines too. Never will be out there.
Not that I disbelieve you - I bring it up to show the difference that comes with independence. The threats mean literally nothing to me.
@roamer_1
Means nothing to anybody. I used to build cement block septic tanks. Yeah,I had to get a permit to install one,but the prime thing to take from this is that all it takes is a supply of cement blocks,a wheelbarrow,a shovel,a rake,a 6 foot level,some string lines,and some cement. My only "sophisticated tool" was my 48 Ford panel truck.
And if you live in a remote area with no one around to see what you are doing,the local authorities will never know.
This ain't rocket science.
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@roamer_1
Means nothing to anybody. I used to build cement block septic tanks. Yeah,I had to get a permit to install one,but the prime thing to take from this is that all it takes is a supply of cement blocks,a wheelbarrow,a shovel,a rake,a 6 foot level,some string lines,and some cement. My only "sophisticated tool" was my 48 Ford panel truck.
And if you live in a remote area with no one around to see what you are doing,the local authorities will never know.
This ain't rocket science.
Yeah @sneakypete ... Unfortunately up in the holler is shield country.... There ain't ever gonna be a septic tank up in there, because you need dynamite to get any deeper than 3 or 4 feet, and in most places less than that... The very bones of the Rockies are sticking out all over the place.
S'alright though... I am more than happy to compost waste. In fact, I prefer it. A couple yards a year of great dirt to spread on the field... No sense throwing that away.
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Yeah @sneakypete ... Unfortunately up in the holler is shield country.... There ain't ever gonna be a septic tank up in there, because you need dynamite to get any deeper than 3 or 4 feet, and in most places less than that... The very bones of the Rockies are sticking out all over the place.
S'alright though... I am more than happy to compost waste. In fact, I prefer it. A couple yards a year of great dirt to spread on the field... No sense throwing that away.
@roamer_1
Especially if you want to grow a few vegetables.
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@roamer_1
Especially if you want to grow a few vegetables.
@sneakypete
Well, no... There is a certain hue and cry about using humanure (no really, that's what they call it) in vegetable gardens... It's a prion thing I guess... So no, generally, the toilet compost is segregated from regular compost, and only spread around trees or in the field.
I really don't believe it... I don't think much of anything makes it through a compost heap. It's probably all dirt.
But, in a preponderance of safety... Besides, it ain't like a farm boy runs out of shit of another kind. :laugh:
The regular compost heap never goes wanting.
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@sneakypete
Well, no... There is a certain hue and cry about using humanure (no really, that's what they call it) in vegetable gardens...
@roamer-1
That may be true today,but I assure you it wasn't true back in the 50's and earlier. Not with real farmers because even Dims ain't THAT full of Bush,but it was certainly true of people with gardens.
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@roamer-1
That may be true today,but I assure you it wasn't true back in the 50's and earlier. Not with real farmers because even Dims ain't THAT full of Bush,but it was certainly true of people with gardens.
@sneakypete
Might be so, but I never seen it... I mean, I guess the odd thunderbucket or two got tossed on the compost heap, but generally, at least in my observation, outhouses were the norm, and when the outhouse got full, just dig another hole and move the outhouse over.
And I have dug many an outhouse hole to form that opinion.
But neither here or there... I think it best to compost it and spread it on the ground... no pump truck every four years, no expensive plumbing... and no digging outhouse holes. happy77
Every other critter craps on the ground, and the ground just takes care of it.... Kinda the same thing.