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I honestly don't remember, but why was gas so high in 2022? Covid?
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Date: April 29th, 2026 2:28 PM Author: Emerald pit I keep seeing 'highest price since 2022!' but I don't really remember why it was so much. Just because of Biden and his admin killing off oil deals? I do recall at some point under Trump (2017???) it briefly cost more to storage a barrel of crude than it did to produce. (http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2,#49851629) |
Date: April 29th, 2026 2:38 PM Author: dark contagious corn cake Yea, and tapping into our strategic reserves (http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2,#49851671) |
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Date: April 29th, 2026 2:42 PM Author: vigorous sadistic hunting ground covid hoax ended and proles started driving 10x as much as they did pre-covid hoax (http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2,#49851678) |
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Date: April 29th, 2026 2:45 PM Author: Well-lubricated filthpig shitlib Price collapse in 2020 (remember negative prices?) led to zero investment in production which led to high prices. Which led to more investment, which led to lower prices, and so on. Lack of a domestic cartel practically ensures boom and bust cycles in oil and gas. There’s a six-12 month lag from investment to production. (http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2,#49851685) |
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Date: April 29th, 2026 5:22 PM Author: Hilarious Son Of Senegal Theater I think there is a pseudo-cartel forming in the US given the major mergers in the shale patches over the last few years. The Majors are the only ones that can invest in the requisite technology to continue driving output while at the same time managing the supply.
In some ways we are reverting to a new form of the old Seven Sisters model IMO. |
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Date: April 29th, 2026 6:06 PM Author: Well-lubricated filthpig shitlib Independents own, operate, and drill ~85 percent of domestic onshore oil wells. The majors are pretty much limited to major plays like Permian, DJ, and Eagleford. Everything else is legacy. (http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2,#49852353) |
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Date: April 29th, 2026 2:47 PM Author: charcoal cumskin gay wizard thread locked for antisemitic dog whistles (http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2,#49851694) |
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Date: April 29th, 2026 2:47 PM Author: hairraiser dull death wish (http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2,#49851695) |
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Date: April 29th, 2026 2:47 PM Author: Startling Locus Sneaky Criminal other reasons mentioned in this thread are correct, but also need to factor in that the government gave everyone $3,200 in stimulus checks (most which happend pre-Biden)
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Date: April 29th, 2026 2:56 PM Author: Territorial Wine Newt there was the whole blowing up the nord stream pipeline and starting a war with russia thing too (http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2,#49851709) |
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Date: April 29th, 2026 5:17 PM Author: Electric ruddy doctorate partner That was the PUTIN PRICE HIKE if I remember correctly (http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2,#49852173) |
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Date: April 29th, 2026 6:17 PM Author: orchid know-it-all scourge upon the earth Russia/Ukraine shit fucked w/ the supply chain but I forget the details (http://www.autoadmit.com/thread.php?thread_id=5861668&forum_id=2,#49852408) |