Diesel prices take a jump yet again

[jyoutz]

I am not in the energy business. I know only what I read. That the gov leases had been withdrawn. And now, some have been reinstated, but it will take an extended length of time to provide help.
"Yet you talk about pipelines and lands not being used" Your are correct. Yet I do.

There are 10 million acres of federal lands drilling leases that are currently active, many years worth of drilling. Nothing was withdrawn, just a stop to issuing new leases so the prices could be re-evaluated. Obviously since there is record production this year, and a new record planned for next year, there is no issue with companies drilling and pumping oil. There are inflation issues, refinery issues, worldwide supply issues, labor issues, and price gouging issues, but not producing crude oil issues.

 

[MossRoad]

I am not in the energy business. I know only what I read. That the gov leases had been withdrawn. And now, some have been reinstated, but it will take an extended length of time to provide help.
"Yet you talk about pipelines and lands not being used" Your are correct. Yet I do.

No government leases were withdrawn from anyone.

They cancelled the sale of 3 government leases.

2 sales were forced to be cancelled because of pending lawsuits filed by environmentalists, and the 3rd was cancelled due to LACK OF INTEREST FROM BIDDERS (that's the oil companies). They didn't want to bid on them.

Somehow that gets twisted into the government cancelling leases, which it did not.

 

[MossRoad]

I for one noticed much lower prices of fuel and many other products in the last administration. You didnt notice diesel was like $2.20/gallon in 2020? I sure as heck did.

Then 1.5 years ago prices started creeping upward and are now on their way to $5/gallon.
Now we are more than double

Supply demand my a____

Did you also notice the lack of toilet paper and food on the shelves at the same time?

 

[lman]

I think it's safe to say many of the current political leaders have cut their own throat.

 

[CloverKnollFarms]

Leases and PERMITS are separate things. A lease is no good, if you cannot get the permits to drill.

 

[5030]

I think it's safe to say many of the current political leaders have cut their own throat.

With a dull knife too...

 

[5030]

Don't use home heating oil (which in reality is diesel anyway). Not sure if it's off road (dyed red) or on road. Propane is staying pretty stable for now and I've already purchased my biomass pellets for next year, still have to fetch my corn however.

 

[ljjhouser]

I would like to point out that my post was related to what things are looking like today and where it seems things are headed. I did not mention any names. I mentioned President Obama using his quote "actions have consequences", then did not want to mention names, so I deleted that. But I do feel gov (OUR gov, not dem or rep.) has a responsibility to ADDRESS some of these situations. And yes Moss, I was taken by surprise when Sams Club had no meat or any paper products. But that still doesn't solve what we seem to be headed toward today.

I am seeing the term recession more and more in economic predictions. And as we talk of fuel prices, I don't think it is inappropriate to mention that the inflation rate is at a 40 year high. I did not access blame. If others want to do that, fine. But I would like to see more done in solutions. I would really like to see some of President Clinton's attempts to balance the budget. He was the last to do that. I think that ship has sailed. Sailed to about 20-30 trillion. And I do believe that is inflationary.

I had no intention of political referrences. But, I guess it is difficult to avoid if you mention government. And I am glad you shared the status regarding leases on gov land. But something seems amiss. It was my understanding that we were independent a few years ago. If that was true, why are imports the problem now?

There was another thread on inflation. Most of us here have purchased 7/16" (1/2) OSB. it was $8.62 two years ago, $40.99 one month ago, and yesterday, 50.99 - prices at Lowes in the Midwest. It is NOT just fuel.

Well, I am sorry that this thread became somewhat derailed because of my post. I won't post again on this thread. But I will continue to read it. I read a lot, I value input from members here a lot. Best Wishes, Larry

 

[5030]

I do get a kick out it of the almost constant bringing up of Detroit, most of it is foisted by the main stream media.

All I know is, last time I hunted in New Mexico I found it somewhat disturbing, the amount of abandoned cars just lying about and the amount of people I saw living in squalor.

Of course there are well to do people living in MN but that don't offset the fact that your state has the largest percentage of people living on welfare and other government sponsored programs. Been to NM more than once.

Ever been to Detroit? I think not so don't base you comments on what you hear or read until you have first hand experience.

Sure, there are parts of Detroit that are unsavory, just like most large metropolitan cities. No revelation there.

 

[Williy]

NO MEAT on the shelves??? People with
cats & dogs better watch them closely
We used to eat a lot of cheese. Purchase a
40 lb block and have it shipped to us. Then
cut block up into 5 lb blocks and put in vaccum
bags put in frig at 40 degress good for life time

willy