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For you folks who think fracking can help lower gas prices: Fracking is a very expensive way to get oil, or methane, out of the ground. It does not pay at current prices, and it surely won’t pay when gasoline costs less than $4.00 per gallon.
And one of the problems with fracking is the damage it does to properties adjoining the fracking site. The owners of those properties may not receive royalties from the fracked oil or gas, but their properties are damaged, and they have to sue the frackers to get themselves compensated for the damage to the property. And that further raises the cost of fracked oil and gas.
Huju, thank you for reacting to the actual argument. Fracking is indeed suffering financially because of price volatility and Saudis at some point trying to keep price low to destroy fracking. If fracking survives as business, it will serve as a limit on the price. And it may need government not to be hostile to survive. The core problem of course is opec now jointly with Russia manipulate market. In a free market, they would be under arrest already.
As to possible damage to others, us courts are available to resolve the nezek.
To AAQ: Thank you for trying to understand my point. My point is, under current fracking costs, fracking does not have a market impact if the price of gasoline less than $5.00 per gallon. And we are all wishing for gasoline at much less than that, so fracking is not an answer.
And government is not hostile to fracking, but, so far, government has recognized that there are many considerations besides the cost of gasoline to consider when deciding whether to all fracking on government lands, and private lands with nearby neighbors who don’t get royalties.
Gasoline prices have gone up and down with the global price of crude and distillates….the upward price always moves more closely with crude prices but lags the price down. Not sure what will push it back up after elections, unless Russia takes more product off the market, Iran withholds deliveries etc.
Gadol > Not sure what will push it back up after elections,
I think real truth implies that Biden limit anti-oil measures, will speak up oil industry, bow to Saudi King, maybe even slow walk weapons to Ukraine in the next several months to avoid full disaster, but then will reverse those steps after elections. I think he might try this but I doubt that he’ll be successful – oil industry does not trust him and will not invest, Saudi King does only minimal steps …
My prediction is that after failing in everything else, Dems will focus on goading Trump into announcing next run, while talking 24/7 about 1/6.
I recently read in a reliable source that the US is – is – is – the world’s leading producer of oil and gasoline in the world. But the US position is not so strong that it can have much impact on the prices of oil and gasoline. Mining on US lands would not increase the supply enough to have an impact for the foreseeable future on gasoline prices at the pump.
huju, “leading producer” and “not much impact” is economic malpractice looking myopically at a small part of a total picture. I’ll eat my hat if this is written by Larry Summers.
If there were no fracking, the prices would have been up whenever Saudis or Russians wanted it earlier.
And this is more than just prices. We are now sending – expensive – LNG to Europe. If we (and others like Qatar) did not have it, Europe would have already forced Ukraine to agree to “peace” losing half of their country.
Today’s AAA
National Average$4.212
Today’s AAA
New York Avg.$4.516
Today’s AAA
Florida Avg.$3.919
Price as of
8/1/22This is very depressing for Republicans who see high gas prices as a bonanza for them.
@Jackk, what is very depressing is the fact the price of gas, chicken. eggs, bread, etc etc has doubled since Brandon we are not in a recession took office
jackk > This is very depressing for Republicans
as others pointed out, inflation is depressing indeed. But it is double depressing that a Jewish person will copy news media in their transparent influence campaign of writing daily about “decreasing” prices on front page, while writing about growing prices previously on Page 16. Either you are yourself are such a pure neshomah that is easily influenced by such tricks, or you think it is worth our time to engage in propaganda on a Jewish site. Haval hazman.
Average prices mean that in some areas prices are higher and in some places they are lower. I saw $3.69 on a sign yesterday.
@amil, and I just filled up for $4.20, double of what i paid before Brandon we are not in a recession took over
On the politics side, Biden, by now, conveniently blamed it all on Putin, while the truth is, it began last year already.
And I paid .29 gal for my father’s chrysler in ’69. LoL
@amil, did you vote for Nixon?
Aaq,
I have stopped reading your posts directed to me because you obviously have no idea who I am or what I think.
I do not enjoy arguing.
I enjoy making points.Reporting current gas prices is a fact.
It’s not necessarily positive or negative.That Republicans think that high prices is a bonanza is taken directly from the CR.
Read some of this thread and other threads..
“I do not enjoy arguing.
I enjoy making points.”I sincerely believed you the first two times you posted that.
jackk> That Republicans think that high prices is a bonanza
Look, it is a nature of politics – if your side messes up, you will be criticized for that. On the other hand, to create so much pain to the country and then to start pointing out to every little improvement off the bottom you reached is really irritating.
AAQ,
“To create so much pain for the country”. That is your opinion based on your politics.
“and then to start pointing out to every little improvement off the bottom you reached is really irritating.”.
That is not even an opinion. That is complete politics.
It works for fox, newsmax, OAN and other garbage media. They make a lot of money off of selling people “outrage” and ignoring facts.Wait until the winter heating season. Natural gas prices will be 50 percent higher than last winter so home heating (via gas furnace or electric heating served by utilities generating power with natural gas) will be substantially higher.
jackk > That is not even an opinion. That is complete politics. It works for xxxx
May I kindly suggest that you post these responses in one of that media, rather than bringing this nonsense here. This is a Jewish site, and you are supposed to practice kosher discussing. If I were interested in learning fox or msnbc opinion, I would read it there (I do not).
But that note notwithstanding, let me help you cheer us up: Biden’s popularity is also going up for several weeks already! and is already reaching 40%.
Winter? Expect Europeans travelling to NYC to live in heated hotels.
Anyone knows what the tangible outcome is/was Biden in Saudi Arabia vis-a-vus price at the pump?
Syag,
I meant exactly what you have just done. Made a comment which adds no value except to attack a person.
I’m sorry sir. If you think copy and pasting things from your favorite newssource and then telling anyone who disagrees that you have truth but they have propaganda, that is not valuable and is very much an attack.
I do agree that you do not like to argue, but you also do not like to be called out. Doesn’t it seem suspicious at some point that you have “facts” but everyone else has “propaganda”. You have “truths” and everyone else “fell prey to fox news”? It’s great that you see things the way you do, but you stated (what I reference above) that you are just here to let people know there is another viewpoint. But that is not true at all. You are very harsh to people who don’t buy it. You are very intolerant of views that “your team” is destroying our country. If you really just wanted to put it out there that there is another viewpoint (still wonder why that would be a thing) you wouldn’t go off on anyone who disagreed.And additionally, tho so not worth much, I stopped explaining and elaborating when people with “opposing views” started bulldozing in response. Nobody reads, analyzes or thinks about the other viewpoints anymore. When I elaborate on why I disagree, you, and others, call me a fox news junkie. How is that a “useful” or “valuable” comment?
So please, either practice what your preach and be open for dialogue, or don’t pretend you already are.
Syag,
I am also sorry.
In the spirit of the nine days I wish you and all the CR a meaningful fast.Shalom, I think Saudis just announced a tiny increase in production. Lhavdil, oil prices are like walls that lowered out of respect to r eliezer but didn’t fall out of respect to r Yehoshua
AAA Average Gas Prices
Current gas prices.
Florida 3.76
National 4.05As I’ve said, watch natural gas prices, not gasoline. The latter will keep trending down while the former are still hovering around $8/MMBTU. If we or Europe have an unusually cold winter, prices could easily spike north of $10/MMBTU as space heating and electric generation demand soar.
GH,
Current natural gas prices is 7.28/MMBTU.
You obviously understand that american’s and politician’s are not looking at the esoteric spot gas prices but instead focus on the price of gas at the pump.
jackk, if I understand correctly, you point of posting prices is to show that they’ll be down soon and everything will be dandy by election day. I don’t think this will work – people just spend their vacation travelling during summer and they’ll remember that. Also, inflation is cumulative – prices went up and slowing down of further rate will not help people pay for groceries that increased in price.
Aaq,
My point of posting is simply to point out that they are going down.
I don’t pretend to know what will be next week’s price or next month’s.
We should just realize that it is going down and I am recording it.
It might go up, I don’t know.
I doubt anyone is going to vote Republican, who isn’t already a Republican, due to inflation.jackk > I doubt anyone is going to vote Republican, who isn’t already a Republican, due to inflation.
I don’t think you appreciate how inflation affects majority of people., outside of your affluent circle. Inflation is very regressive, it hits people who spend most of their income on necessities and do not have assets that appreciate, like housing and stocks.
Also, at the higher end, you will mostly notice (or not notice) decreasing quality of the things you buy. At the lower end, there is nothing to cut already, except raising prices.
jackk,> Current gas prices. Florida 3.76 National 4.05
I hope you have an innocent explanation but your numbers copied from AAA site are off:
Florida 3.776 National 4.059 or rounded as you did: 3.78 and 4.06
numbers are updated daily and show “down” trend, so even they were updated between your and my posts, they were higher before.Can’t trust a dem even on a penny … now do you understand why people are checking silverware when dems distribute hundreds of billions of dollars
AAA gas prices today
National Average
4.033Florida Average
3.751The real truth: “the prices will shut up after the mid terms just wait and see”. I hope lots of people shut up after the mid terms. Even me.
yup $1.50 more per gallon even at this level, thanks for nothing Brandon
jackk, thanks for starting posting correct numbers.
inflation in real life: I stopped by a retail non-Jewish grocery store (usually as all Jews I “don’t buy retail”), tried to pick up a 1.5 lb pack of chicken from the usual place, but the bottom park of the pack fell off! Turns out, they now sell thinner packages with 0.8 lb per pack… When I jokingly mentioned this shrinkage to the store employee, he claimed to “know nothing” about it. Next they’ll rename “chicken thighs” into “chicken thigh”.
AAA Gas Prices
Florida Average $3.726
National Average $4.010Its been a good 3 weeks for Biden.
Biden has racked up a string of major successes in the past 3 weeks. Some of it coinciding with his being infected with Covid.
Passage of the health, climate and tax bill which is at the center of his domestic agenda. ( This week ) Senate R’s voted against
Passage of bill called Chips and Science act to boost domestic computer chip makers. Some Senate R’ voted for
Passage of bill to help veterans exposed to burn pits. R’s originally voted for and then against and then for again.
A once-in-a-generation expansion of NATO. Totally bipartisan. (the only R against it is the Senator auditioning for a position at a certain Media outlet – Josh Hawley. He needs to keep himself in the news even if it makes him look like an idiot.)
Historic job growth numbers
75 judges confirmed, more than any president at this point in his term since John F. Kennedy.
The long-sought killing of al-Qaeda’s leader.
jackk, thanks for sharing. I felt so down for the guy thinking that the only positive thing going his way were covid tests ..
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