Midwest Gasoline to Spike $0.50-$1.00 Per gallon

[Snobdds]

I don't think restricting exports was keeping the price of oil down.

It dosen't.

Just like RU banning exports to everyone but China. It's meant to shoot prices up without having to put in place production cuts.

 

[goeduck]

To that I say, it's all controlled by private industry. They are the culprits in the rising fuel costs, not the government. Put the blame squarely on the problem... profits.

Making a profit is now a bad thing? Competiton sets profit margins, so you can start an oil company if you think there is a lot of money to make. Just remember that oil companies are being given the middle finger and shown the door with the push to EVs, so take that into consideration in your new venture should you choose to do so.

 

[Hay Dude]

Making a profit is now a bad thing? Competiton sets profit margins, so you can start an oil company if you think there is a lot of money to make. Just remember that oil companies are being given the middle finger and shown the door with the push to EVs, so take that into consideration in your new venture should you choose to do so.

Not only that, if prices get too high, customers cut back on consumption and prices will have to fall

 

[riptides]

Making a profit is now a bad thing? Competiton sets profit margins, so you can start an oil company if you think there is a lot of money to make. Just remember that oil companies are being given the middle finger and shown the door with the push to EVs, so take that into consideration in your new venture should you choose to do so.

Middle finger gets one company 55 billion in profits in 2022.

 

[Torvy]

Middle finger gets one company 55 billion in profits in 2022.

Again, you need to understand balance sheets and in-depth accounting to understand why short term profits would be up.

Imagine you know next year will be the end of the world. No point in investing money for the future because there isn't one. You pull that money out of your 401k and party like it's 1999. Now, tone that down a notch and really think about it and you may understand why profits are up...oh and inflation. Inflation makes all the numbers bigger.

 

[riptides]

Again, you need to understand balance sheets and in-depth accounting to understand why short term profits would be up.

Imagine you know next year will be the end of the world. No point in investing money for the future because there isn't one. You pull that money out of your 401k and party like it's 1999. Now, tone that down a notch and really think about it and you may understand why profits are up...oh and inflation. Inflation makes all the numbers bigger.

Yeah, short term profits are up 11 billion this quarter alone.

LOL.

Mine, not so much.

 

[Hay Dude]

Again, you need to understand balance sheets and in-depth accounting to understand why short term profits would be up.

Imagine you know next year will be the end of the world. No point in investing money for the future because there isn't one. You pull that money out of your 401k and party like it's 1999. Now, tone that down a notch and really think about it and you may understand why profits are up...oh and inflation. Inflation makes all the numbers bigger.

Yeah, short term profits are up 11 billion this quarter alone.

LOL.

Mine, not so much.

So previous admin (2016-2020) has lower fuel prices, then new admin (2020-2023) comes in and fuel prices go up 50% + and that has nothing to do with new admin policy?

Laughable.

 

[riptides]

So previous admin (2016-2020) has lower fuel prices, then new admin (2020-2023) comes in and fuel prices go up 50% + and that has nothing to do with new admin policy?

....

You seem stuck on policy. Too bad for you.

Profits are up, records set. New highs, across the board, drilling, refining, sales.... all at a time when some major players have been sidelined....

Yeah policy.... Oils gonna do what Oil does, follow global markets and money.

 

[Torvy]

You seem stuck on policy. Too bad for you.

Profits are up, records set. New highs, across the board, drilling, refining, sales.... all at a time when some major players have been sidelined....

Yeah policy.... Oils gonna do what Oil does, follow global markets and money.

And you seem to be stuck on talking points rather than an actual understanding of how 'profit' works. Basic version is revenue-expenses. Inflation increased the revenue end of the equation. Reduced investment lowered the expense end of the equation. The single biggest factor right now on both ends is driven almost exclusively by government policies (not just US).

 

[riptides]

And you seem to be stuck on talking points rather than an actual understanding of how 'profit' works. Basic version is revenue-expenses. Inflation increased the revenue end of the equation. Reduced investment lowered the expense end of the equation. The single biggest factor right now on both ends is driven almost exclusively by government policies (not just US).

Glad you clarified policies. Some seem hard stuck on US policy alone.

The oil companies have "policies" figured out. 2024 looks to be a another high bar year for them. Why? They play in a global market, not a US defined or influenced one.