Mercer Posted April 14, 2021 Author Share Posted April 14, 2021 4 Quote Link to comment Share on other sites More sharing options...
Kults Posted April 14, 2021 Share Posted April 14, 2021 9 minutes ago, Mercer said: there’s some good ones in that format but i’ll be damned if i start sharing tik tok memes 2 Quote Link to comment Share on other sites More sharing options...
Mercer Posted April 14, 2021 Author Share Posted April 14, 2021 1 1 Quote Link to comment Share on other sites More sharing options...
Kults Posted April 15, 2021 Share Posted April 15, 2021 4 Quote Link to comment Share on other sites More sharing options...
Mercer Posted April 15, 2021 Author Share Posted April 15, 2021 Chick Fil A won that shit with Popeye's a close second.. Government lying again^^^ Quote Link to comment Share on other sites More sharing options...
abrasivesaint Posted April 15, 2021 Share Posted April 15, 2021 9 minutes ago, Mercer said: Chick Fil A won that shit Fact. Spicy Deluxe crushes all chicken sandwiches. Quote Link to comment Share on other sites More sharing options...
abrasivesaint Posted April 15, 2021 Share Posted April 15, 2021 3 1 Quote Link to comment Share on other sites More sharing options...
LUGR Posted April 15, 2021 Share Posted April 15, 2021 7 hours ago, Mercer said: Quote Link to comment Share on other sites More sharing options...
Dirty_habiT Posted April 15, 2021 Share Posted April 15, 2021 1 3 Quote Link to comment Share on other sites More sharing options...
Dirty_habiT Posted April 15, 2021 Share Posted April 15, 2021 1 Quote Link to comment Share on other sites More sharing options...
Dirty_habiT Posted April 15, 2021 Share Posted April 15, 2021 1 1 2 Quote Link to comment Share on other sites More sharing options...
Dirty_habiT Posted April 15, 2021 Share Posted April 15, 2021 1 1 Quote Link to comment Share on other sites More sharing options...
Dirty_habiT Posted April 15, 2021 Share Posted April 15, 2021 1 Quote Link to comment Share on other sites More sharing options...
Dirty_habiT Posted April 15, 2021 Share Posted April 15, 2021 1 Quote Link to comment Share on other sites More sharing options...
Dirty_habiT Posted April 15, 2021 Share Posted April 15, 2021 2 Quote Link to comment Share on other sites More sharing options...
Dark_Knight Posted April 15, 2021 Share Posted April 15, 2021 59 minutes ago, Dirty_habiT said: gas prices do that every election. Trump has nothing to do with that lol 1 Quote Link to comment Share on other sites More sharing options...
Dark_Knight Posted April 15, 2021 Share Posted April 15, 2021 And all the hyper liberals drive electric. Sub par meme. 1/10 1 1 Quote Link to comment Share on other sites More sharing options...
ndv Posted April 15, 2021 Share Posted April 15, 2021 1 hour ago, Dark_Knight said: gas prices do that every election. Trump has nothing to do with that lol I heard someone make the comment "Gas prices are now rising all because of Biden is president". LOLZ!!! I didn't vote for the guy. I found that so absurd that I immediately thought of 1999-2000 gas prices mostly staying below a dollar a gallon, but when Jr. became president, we never seen gas prices under $1.20. Some could say that was because of the 9-11 thing. But regardless, gas prices have never inflated to $4+ so quickly when Jr. was in office. Nobody wants to talk about that, kinda like, nobody wants to mention how quickly there was a vaccine for Ebola. 1 Quote Link to comment Share on other sites More sharing options...
Mercer Posted April 15, 2021 Author Share Posted April 15, 2021 Prepare for more price increases for gasoline, as demand continues ramping back up especially this summer. It's not really due to specific individual political actions from any leader, outside of government lockdowns put in place globally. Quote Link to comment Share on other sites More sharing options...
Mercer Posted April 15, 2021 Author Share Posted April 15, 2021 1 Quote Link to comment Share on other sites More sharing options...
Kults Posted April 15, 2021 Share Posted April 15, 2021 I pay 3$ usd for a gallon PLUS Carbon tax PLUS our sky high sales tax both provincial AND federal and now they want to implement a new mileage tax in the city 🤡 wish we’d liberated some middle eastern countries /s 1 1 Quote Link to comment Share on other sites More sharing options...
Kults Posted April 15, 2021 Share Posted April 15, 2021 Quote Link to comment Share on other sites More sharing options...
abrasivesaint Posted April 15, 2021 Share Posted April 15, 2021 (edited) 1 hour ago, Mercer said: Prepare for more price increases for gasoline, as demand continues ramping back up especially this summer. It's not really due to specific individual political actions from any leader, outside of government lockdowns put in place globally. If i recall correctly, didn’t Saudi Arabia flood the market last year during lockdowns because of a Russia beef? So i can only assume that would lead to low demand, high supply, where as now people are semi back to normal so the demand is higher. Seems pretty straight forward to me, unless i’m missing something. Going to admit some ignorance here, but wouldn’t that issue with the blocked Suez Canal also be driving prices up a bit? My sister in law works for a major shoe company and is in charge of ordering shoe parts from overseas for US factories and i know she had a real pain in the ass few days because of it. Ships having to go all the way around Africa, having to have product taken off ships and put into air.. sounded like a headache. edit: @Dark_Knight @ndv @Dirty_habiT Edited April 15, 2021 by abrasivesaint Quote Link to comment Share on other sites More sharing options...
Dirty_habiT Posted April 15, 2021 Share Posted April 15, 2021 I don't know enough about what all got backed up in the suez to say for sure but I would imagine a delay would artificially drive price high as demand was artificially driven high. I could be really wrong but i think we could use the gasoline we have here locally in USA for some weeks before we absolutely needed more oil to be refined. What I mean by that is to question whether or not the downtime in this instance justified a price increase. 2 Quote Link to comment Share on other sites More sharing options...
Mercer Posted April 15, 2021 Author Share Posted April 15, 2021 These domestic oil companies aren't exactly operating locally, they're multinational. They'll ship/transport it to the ports with the highest prices globally if the price difference covers the cost of delivery. There's no escaping the global market because there's not really "our oil", or "their oil" in that sense. For strategic reasons it pays for the government to have a source to feed it's military during war, but that doesn't really make a difference on the citizen level. Boils down to free market economics, and who's willing & able to pay more. The only advantage we have as a local economy to domestic production of petroleum are the decreased shipping costs. These private companies producing oil aren't nationalized companies, and are in it for maximum profit just like everyone else. Restricting their markets, and nationalizing them is Socialist at best. 1 Quote Link to comment Share on other sites More sharing options...
mr.yuck Posted April 15, 2021 Share Posted April 15, 2021 9 hours ago, Dark_Knight said: gas prices do that every election. Trump has nothing to do with that lol Ive been running around screaming 'Thanks Obiden!' every time I fill up. 2 Quote Link to comment Share on other sites More sharing options...
Mercer Posted April 16, 2021 Author Share Posted April 16, 2021 4 Quote Link to comment Share on other sites More sharing options...
Mercer Posted April 16, 2021 Author Share Posted April 16, 2021 7 hours ago, abrasivesaint said: If i recall correctly, didn’t Saudi Arabia flood the market last year during lockdowns because of a Russia beef? So i can only assume that would lead to low demand, high supply, where as now people are semi back to normal so the demand is higher. Seems pretty straight forward to me, unless i’m missing something. Going to admit some ignorance here, but wouldn’t that issue with the blocked Suez Canal also be driving prices up a bit? My sister in law works for a major shoe company and is in charge of ordering shoe parts from overseas for US factories and i know she had a real pain in the ass few days because of it. Ships having to go all the way around Africa, having to have product taken off ships and put into air.. sounded like a headache. edit: @Dark_Knight @ndv @Dirty_habiT Almost missed this. The way that oil supply works is much like mining. The forecasted price normally dictates the investment for extraction. In short, there's some oil that costs less than $20 a barrel to suck out of the earth, there's some that costs $40 a barrel to pull out of the earth, or extract from sand, etc. So if oil looks like it's going to be above $80 per barrel, it pays off to expand into more expensive oil to extract to meet this demand. A company isn't going to invest in a new deep sea drilling rig, and new refineries if it forecasts lower oil prices. I'd imagine the sharp drop in demand last year, and subsequent drop in price, that there hasn't been much investment in expanding extraction. Oil companies sitting on their assets, and writing off losses. With inflation starting to really take off, and capacity for extraction down, if there's a huge demand this summer for people who got vaxxed and want to return to life again, visit family, travel it created the perfect storm for a price spike. Who knows, you also have people, mostly office workers permanently telecommuting now so maybe demand will not increase to pre covid levels. The per barrel price right now is almost exactly what it was pre pandemic at less volume. Quote Link to comment Share on other sites More sharing options...
Mercer Posted April 16, 2021 Author Share Posted April 16, 2021 5 Quote Link to comment Share on other sites More sharing options...
ndv Posted April 16, 2021 Share Posted April 16, 2021 This here tho 🤣 1 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.