$6.00 gas?

[Coydog]

Trump mismanaged the pandemic response?! Malarkey! Far more died with Sleepy at the helm and he had two vaccines. Remember Sleepy saying he was "going to shut down this virus!"? Fail.

Here are Trump's accomplishments: https://trumpwhitehouse.archives.gov/tr ... lishments/

Happy reading, Skippy.

Thanks for the, um, interesting glimpse into the MAGAVerse. Now, how about that economic trendline?

[asher2789]

Pain at the pumps means a red wave in November.

which just goes to show that most right wing voters are f*** morons if they think democrats/biden controls worldwide gas prices.

Democrats are feeling the pain too and they will vote ( or stand by this election) accordingly.

youre right, most voters are idiots. democrats especially, for they continue to vote for a party that promises the world and delivers nothing. at least the republicans pack the federal courts with theocratic fascists and write laws that inspect the clitoris (and pelvic exam) of girls that are accused of being trans in sports!

[asher2789]

There are a lot of bad things that can be said about trump, many of them true, but not sure how covid can be blamed on him. That's really grasping.

he and his party politicized simple measures to prevent covid, such as wearing a mask, social distancing and getting vaccinated when they became available (to his credit he was pro-vax but his base is too crazy to listen).

if he took it seriously from the beginning and didnt politicize the response to it we would be living in a different world, with probably a lot more people alive.

[Bubba]

So tell me again about Keystone XL…

https://www.reuters.com/markets/commodi ... 022-06-09/

[Mister Moose]

Again, it's not Keystone, it's what Keystone represents.

[throbster]

A trip down memory lane...

https://finance.yahoo.com/video/bidens- ... 08413.html

[Dickc]

So tell me again about Keystone XL…

https://www.reuters.com/markets/commodi ... 022-06-09/

So you are saying we need to build more refineries?

[Bubba]

Again, it's not Keystone, it's what Keystone represents.

sh*t, plain and simple. Traders aren’t trading on what Keystone XL represents to you. They’re trading on the existing and expected market conditions as well as technical factors having nothing to do with imaginary pipeline flows that never were. That’s what all commodities do, whether traded with futures contracts or otherwise.

[Bubba]

So tell me again about Keystone XL…

https://www.reuters.com/markets/commodi ... 022-06-09/

So you are saying we need to build more refineries?

Actually, yes. Maybe not new refineries but existing refineries need expansion and debottlenecking.

[Mister Moose]

Again, it's not Keystone, it's what Keystone represents.

sh*t, plain and simple. Traders aren’t trading on what Keystone XL represents to you. They’re trading on the existing and expected market conditions as well as technical factors having nothing to do with imaginary pipeline flows that never were. That’s what all commodities do, whether traded with futures contracts or otherwise.

A negative oil development administration doesn't affect oil futures? Is that what you want me to believe?

[deadheadskier]

Again, it's not Keystone, it's what Keystone represents.

sh*t, plain and simple. Traders aren’t trading on what Keystone XL represents to you. They’re trading on the existing and expected market conditions as well as technical factors having nothing to do with imaginary pipeline flows that never were. That’s what all commodities do, whether traded with futures contracts or otherwise.

A negative oil development administration doesn't affect oil futures? Is that what you want me to believe?

Was Bush a negative oil development President? Gas peaked at $4.11 during his tenure and averaged $2.98/gallon for his second term

[Bubba]

Again, it's not Keystone, it's what Keystone represents.

sh*t, plain and simple. Traders aren’t trading on what Keystone XL represents to you. They’re trading on the existing and expected market conditions as well as technical factors having nothing to do with imaginary pipeline flows that never were. That’s what all commodities do, whether traded with futures contracts or otherwise.

A negative oil development administration doesn't affect oil futures? Is that what you want me to believe?

The issue is Keystone XL and Keystone XL's cancellation may have an impact on prices in some imaginary mooseland but in the current world of oil trading, no, it doesn't.

[Mister Moose]

Again, it's not Keystone, it's what Keystone represents.

sh*t, plain and simple. Traders aren’t trading on what Keystone XL represents to you. They’re trading on the existing and expected market conditions as well as technical factors having nothing to do with imaginary pipeline flows that never were. That’s what all commodities do, whether traded with futures contracts or otherwise.

A negative oil development administration doesn't affect oil futures? Is that what you want me to believe?

The issue is Keystone XL and Keystone XL's cancellation may have an impact on prices in some imaginary mooseland but in the current world of oil trading, no, it doesn't.

You keep reverting to Keystone itself. I keep saying it is not Keystone's impact from the pipeline itself, it is what it's cancelation represents, a hostile administration to the oil industry. Why do you keep going back to defending Keystone's small effect from the pipeline itself vs the greater effect on the industry from the changed investment climate?

[Bubba]

Again, it's not Keystone, it's what Keystone represents.

sh*t, plain and simple. Traders aren’t trading on what Keystone XL represents to you. They’re trading on the existing and expected market conditions as well as technical factors having nothing to do with imaginary pipeline flows that never were. That’s what all commodities do, whether traded with futures contracts or otherwise.

A negative oil development administration doesn't affect oil futures? Is that what you want me to believe?

The issue is Keystone XL and Keystone XL's cancellation may have an impact on prices in some imaginary mooseland but in the current world of oil trading, no, it doesn't.

You keep reverting to Keystone itself. I keep saying it is not Keystone's impact from the pipeline itself, it is what it's cancelation represents, a hostile administration to the oil industry. Why do you keep going back to defending Keystone's small effect from the pipeline itself vs the greater effect on the industry from the changed investment climate?

The psychological impact alleged by you of Keystone XL’s cancellation is so minor versus the major issues producers and consumers face with oil supply and pricing that it is not even a blip on the producers’ and traders’ screens. Those issues have been discussed ad nauseum here. That you keep returning to some mythical psychological impact of a pipeline that never was is clear evidence that you prefer political posturing to facts.

[Mister Moose]

The psychological impact alleged by you of Keystone XL’s cancellation is so minor versus the major issues producers and consumers face with oil supply and pricing that it is not even a blip on the producers’ and traders’ screens. Those issues have been discussed ad nauseum here. That you keep returning to some mythical psychological impact of a pipeline that never was is clear evidence that you prefer political posturing to facts.

Let's see if your theory on psychological impact being so minor as to not even being a blip on producer's and trader's screens holds water:

With the Biden administration trying to push banks away from funding oil and gas projects and instead spend money on renewable energy, it is no wonder that the industry is hesitating to make the investment needed. ... With the ban on lease sales on federal lands, Biden has shown the U.S. oil industry through his actions that he does not want to do business with them. He would rather import oil from OPEC, Venezuela and Iran than to further develop the U.S. oil industry.
https://www.instituteforenergyresearch. ... -industry/

If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new energy online. If Biden signaled full-throated support for US drillers to get to work — and perhaps allowed the re-starting of the Keystone XL Pipeline from Canada — global oil prices could similarly fall sharply, the industry experts told The Post... Myron Ebell, the director of the Competitive Enterprise Institute’s Center for Energy and Environment [said] “Part of the run up in oil prices is the psychology of it,”

“There’s an invisible hand in the oil market – If there’s a perception that, ‘Hey, if this guy is going to free up this pipeline, he might start freeing up some leases and stuff,’” then that could help push prices down, said Phil Flynn, senior market analyst at Price Futures Group. “It would have an immediate psychological impact on price,” Flynn said – noting a Keystone reboot announcement that would bring oil from the tar sands of Canada could knock off up to $10 from the price of oil just at the stroke of a pen, even if the pipeline were years away from production.

And the administration erred when it canceled the Keystone pipeline, which “effectively canceled all pipelines,” according to Hatfield. “If you cancel a major pipeline project that, that’s a hugely negative signal to the market,” he said.
https://nypost.com/2022/03/09/why-biden ... il-prices/

Biden’s Energy Policy: A Destructive Plan That Has Made All Forms of Energy More Costly
It all Started With Keystone XL

Writing in January 2021 about President Biden’s day-one executive order to kill the Keystone XL Pipeline, I warned that that action was just an opening volley in a war on the domestic oil and gas business that would only intensify over the four years of his presidency....Yes, TC Energy has been able to build out the vast majority of the overall Keystone XL System and place it into service in the U.S., but the northern extension into Canada facilitating movement of oil sands crude into the U.S. was, for the environmental left, a bridge too far (even though, in a bit of irony, the cross-border portion of the line was already constructed and in place when Biden issued his order). With the stroke of a pen, a sitting American president told a private company that the $8 billion in investments it had already made related to a key infrastructure project did not matter and that it would have to just eat that money despite the fact that it had not been found to be in violation of a single U.S. law, regulation or permit.
https://shalemag.com/bidens-energy-poli ... re-costly/

And on and on, there is no shortage of citations on the subject in "imaginary Mooseland", or what we usually call Trade Journals and Newspapers. Yes, you can say the authors are either self serving industry insiders or politically motivated partisans, but you cannot self pronounce that this viewpoint does not have any merit, only that you disagree with it. Your disagreement flies in the face of common investment practices though - claiming increased regulation, decrease in permits, outright bans, and phasing out certain uses will not affect pricing is going to be a harder and harder argument as every month goes by.

It isn't Keystone by itself, it is what Keystone's cancellation represents.