Dow Jones

[Del.]

Don't look today.

[gcode]

Don't look today.

down about $100K since FJB took office 

[crazy^millman]

This is probably an ignorant question, but what do you mean by "shut down American oil"?  Aren't we still producing as much oil now as we were under Trump? 

I know (I don't know shit actually) that he's picking away at potential future oil production?

Here you go from the Government Office that tracks this. No leaning or side influence just the facts Jack.   

Linky

Gad prices are just a rip off plain and simple.

[neurosis]

Here you go from the Government Office that tracks this. No leaning or side influence just the facts Jack.   

Linky

Gad prices are just a rip off plain and simple.

That was what I looked at before asking the question.  It's pretty clear that we're still producing as much oil now as we were during Trumps administration. I've read that the projection through the next couple of years, is that we will produce more than we were under Trump when we set the record in 2019. 

If we are producing the same amount of oil, when what exactly does it mean when we say "Biden shut down oil production"? 

If I recall, the progressives were up in arms over Biden drilling permits spiking his first year in office.  The opposite of what progressives wanted.

I haven't paid much more attention because like everything else, it gets turned in to a talking point and I wasn't interested enough to dig in to it more.  

[Incogneeto]

I haven't paid much more attention because like everything else, it gets turned in to a talking point and I wasn't interested enough to dig in to it more.  

Half Assed is acceptable on this Forum.

When your heating bill exceeds your car payment monthly


Ya might dig a lil deeper.

[neurosis]

Ya might dig a lil deeper.

I'm I'm sure that I'll get a different answer depending on where I go digging. 

[mkd]

Brutal couple weeks in the market. Got a surprise notification from my broker that I bought some shared today.
I guess a low-ball offer I put in must have hit.
I say I guess, because I'm too afraid to log in😥

[ghuns]

That was what I looked at before asking the question.  It's pretty clear that we're still producing as much oil now as we were during Trumps administration. I've read that the projection through the next couple of years, is that we will produce more than we were under Trump when we set the record in 2019. 

If we are producing the same amount of oil, when what exactly does it mean when we say "Biden shut down oil production"? 

If I recall, the progressives were up in arms over Biden drilling permits spiking his first year in office.  The opposite of what progressives wanted.

I haven't paid much more attention because like everything else, it gets turned in to a talking point and I wasn't interested enough to dig in to it more.  

New production increased in the Trump years allowing the record to be set in 2019. Had that kinda policy been allowed to continue, we'd have been setting new records every year. But Biden slammed the brakes on new production to appeased the looney left.

[neurosis]

New production increased in the Trump years allowing the record to be set in 2019. Had that kinda policy been allowed to continue, we'd have been setting new records every year. But Biden slammed the brakes on new production to appeased the looney left.

Point taken.   

I'd hardly call current oil production "slamming on the brakes".  We're still producing more now than when Trump took office.  We're also projected to set new records in 2023.   

Biden can't seem to do anything right.   His rhetoric has both sides pissed off. 

https://www.eia.gov/todayinenergy/detail.php?id=53479

We forecast that U.S. crude oil production will average 11.9 million b/d in 2022 and rise to a record 12.7 million b/d in 2023. Future OPEC production decisions will also affect global supply. We expect OPEC to set higher production targets in 2022 and 2023, but some OPEC member countries may not be able to meet higher production targets.

[CNCAppsJames]

down about $100K since FJB took office 

Down almost 19% since Dementia In-Chief took over. Almost 29% since January. 

I have things spread out between High Risk, Medium Risk and Low risk. It's ALL down over 25% on the year.

#FJB

[neurosis]

I was looking at mortgage interest rates the other day and they've almost doubled.

[Tim Johnson]

That was what I looked at before asking the question.  It's pretty clear that we're still producing as much oil now as we were during Trumps administration. I've read that the projection through the next couple of years, is that we will produce more than we were under Trump when we set the record in 2019. 

If we are producing the same amount of oil, when what exactly does it mean when we say "Biden shut down oil production"? 

If I recall, the progressives were up in arms over Biden drilling permits spiking his first year in office.  The opposite of what progressives wanted.

I haven't paid much more attention because like everything else, it gets turned in to a talking point and I wasn't interested enough to dig in to it more.  

If we were producing the same amount of oil how come Biden had to go on his "Beg for oil tour"? How come during the Saudi Arabia visit he was told to pump his own oil? Why was the national oil reserve being used?
 Right now it is hard to believe any government document. Damn near every department is in big time lie mode.

[TylerBeer]

I was looking at mortgage interest rates the other day and they've almost doubled.

We bought a house a quarter into the pandemic @ %2.75 fixed based on my income, and the thought that "if we can afford it just on one salary, then we'll be comfortable if one of us isn't working for a bit" (boy was it good we did that).  At the current interest rate we wouldn't be able to afford even the startery-est of homes, barely a 1 bedroom condo maybe,  and we make more than double the average house hold income.  crazy

[RobertELee]

I was looking at mortgage interest rates the other day and they've almost doubled.

Doubled? Nearly triple what mine is! We have a 2.25% 15 year, now 6.127!!! Fucking crazy.

[neurosis]

If we were producing the same amount of oil

There is no "if" about it. Crazymill posted a link to the numbers. 

how come Biden had to go on his "Beg for oil tour"? How come during the Saudi Arabia visit he was told to pump his own oil? Why was the national oil reserve being used?
 

As it turns out, this isn't just a US crisis? It's global?

Right now it is hard to believe any government document. Damn near every department is in big time lie mode.

Hard to disagree with that entirely.