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Showing posts with label OPEC. Show all posts
Showing posts with label OPEC. Show all posts

Tuesday, April 4, 2023

Sky-High Gas Prices On The Horizon


Usually, gasoline prices are higher at the local Flying J than in Gallup. Last week, the opposite was true.

Unleaded regular was $3.499/gallon in Gallup, whereas the Flying J price for the same grade was $3.399/gallon.

According to the PiƱon Post, gas prices are going up again. 

They wrote:

Due to the recent Organization of the Petroleum Exporting Countries (OPEC) decision to cut oil production, gas prices have already risen eight percent in the United States. The price whiplash is par for the course in Joe Biden’s America, with his “climate change” agenda taking center stage — and consumers feeling the pain at the pump. 

“​​Some forecasters see prices rising by another 10% or 15%, which would quickly boost the cost of gasoline and other types of carbon energy,” one report notes.

The Saudi Arabia-led OPEC is cutting production by 1.16 million barrels per day. This would have been an opportunity for the United States to fill the gap and create lower prices with more domestic production, but instead of thinking of the taxpayers’ costs, the ant-energy Joe Biden administration is going all-in on its environmental agenda.

Biden then doubled down on his “green” agenda, writing in a White House statement, “Recognizing that clean energy as well as energy efficiency, and demand flexibility measures are essential to enhancing energy security and accelerating the energy transition, the Task Force has exchanged information on policy and market solutions to accelerate the deployment of energy efficiency technology, heat pumps, smart thermostats and related awareness raising activities among consumers and relevant stakeholders.”

OPEC's actions would not faze us if we had the energy independence that President Trump left us. Now that the environmentalist wackos are in charge, we can expect sky-high fuel costs.

Take a good look at California's energy prices. This is what Biden wants to do to the rest of the country.

California average gas prices
RegularPremium
Current Avg.$4.830$5.184

To read more, go here

Friday, October 21, 2022

Dem Admits The Party Was Aware That They’d Cause Inflation

Source: Republican Policy Committee.

A top Democrat admitted on MSNBC that their excessive spending would cause a sharp rise in inflation.

The Daily Caller reported:

Democratic Rep. James Clyburn of South Carolina claimed during a Thursday MSNBC appearance that the Biden administration and Congressional Democrats knew some of their moves would spur inflation.

“All of us knew this would be the case when we put in place this recovery program. Any time you put more money into the economy, prices tend to rise. And we do know that price gouging takes place and that’s what Senator Warnock is concerned about in Georgia,” Clyburn told host Jose Diaz-Balart. “We knew the moment we went to aid the Ukrainians, the Russians would do what they could possibly do to undercut this administration, so they cut this deal with OPEC nations to reduce the production of oil so as to drive the price of gasoline up.”

President Joe Biden signed the American Rescue Plan, which had $1.9 trillion in spending, into law in March 2021. Biden signed the Inflation Reduction Act, which largely consists of green energy programs, healthcare spending and a massive increase in funding for the Internal Revenue Service, into law in August 2022.

This comes as no surprise to those of use have some knowledge on how the economy works, particularly those of us who lived through the high inflation years of the 1970s and early 1980s. 

Remember this when you go vote on November 8.

To read more and see the video of Clyburn's comments, go here.


Thursday, October 6, 2022

Energy Prices and Biden’s Economic Incoherence

Above, time to get those stickers out again!

His Fraudulency Joe Biden is back to begging foreign oil producers to increase production. That is falling on deaf ears. They have no respect for the weak old man at 1600 Pennsylvania Avenue.

While he and his party threatens our oil industry with destruction and trying to force people into electric vehicles, the country is in disarray.

The Las Vegas Review-Journal has an excellent editorial on the mess Biden has put the country in.

They begin it with:

Gasoline prices are heading skyward again, and President Joe Biden is back to begging foreign interests to keep pumping even as the White House threatens to drive domestic producers out of business. And so, once again, we see on full display the economic confusion that has characterized the first 21 months of this foundering administration.

The average price of gasoline in Nevada stands at $5.51 a gallon, up more than 40 cents in the past week. Washington, Oregon, Arizona and Alaska have experienced similar increases. Californians are now paying an average of $6.38 a gallon.

When gasoline prices declined steadily for three months during the summer, Mr. Biden was eager to take credit for the improvement. Now? He’s pointing fingers in a desperate attempt to shift blame with an election on the horizon. 

If anyone needs a reason to vote the Democrats out of office next month, this is it! Remember, elections have consequences!

To read the full editorial, go here

OPEC Cutting Oil Production, Democrats Concerned

Above, gas prices near LAX two weeks ago. Photo by Armand Vaquer.

OPEC's decision to cut oil production has His Fraudulency Joe Biden's administration and the Democrat Party are concerned. Especially since the midterm elections are only a month away.

Californians are already seeing gasoline prices going up. But California isn't the only place where prices are rising.

Yesterday, while entering Gallup, New Mexico, we saw the average gasoline price at $3.55/gallon. Three hours later, as we were leaving Gallup, prices were up around twenty-four cents higher. 

The Los Angeles Times reported:

As gas prices hit record highs in Los Angeles on Wednesday, a pledge by OPEC+ to reduce its oil production by 2 million barrels a day brought concerns about more economic pain to come.

California is facing surging oil prices in the wake of shutdowns at several oil refineries that produce a specific grade of fuel for the state. Prices began to creep up in September after months of declines. And unlike the nationwide rise in gas prices over the summer, this most recent spike is mostly confined to California and the West Coast.

It remains unclear how the reduction would affect pump prices, but experts said it poses another threat to the shaky global economy amid growing concerns about an impending recession.

The OPEC+ move comes a month before crucial midterm elections in the U.S. President Biden and other Democrats hoped the decline in gas prices in recent months would help them with an electorate angry at rising inflation and concerned over an economic downturn.

The average price for a gallon of regular gasoline in Los Angeles ticked up to $6.494 on Wednesday, increasing five-tenths of a cent overnight, according to data from the American Automobile Assn.

Remember when Donald Trump was in the White House, we were either at energy independence or close to it. Biden's begging of OPEC didn't exactly work out.

To read the full story, go here

Saturday, November 13, 2021

Democrats Double Down On Destroying America's Energy Infrastructure

Above, a New Mexico Flying J gasoline pump. Photo by Armand Vaquer.

People are rightly concerned about energy prices. They are seeing gasoline prices skyrocket. They are seeing shortages with oil and propane, essential for home heating during the upcoming winter months. And, they are blaming the Democrat Party, and rightly so.

The Democrat extremists are in control of the party and government machinery. They are hell-bent on destroying America's energy infrastructure.

This is what a new article in The Hill is presenting.

Some snippets:

Voters just handed Democrats a crushing defeat in the most recent elections, and it appears that further setbacks may be on the near horizon. The party seems to have two clear choices: They could pause and reconsider, or they could double down.

Taking an even stronger position might embolden their team and bring on future wins, or it could turn into further setbacks as voters flee from their increasingly extreme views. Doubling down is a definite risk, but it’s clearly the hand many senior Democrats are choosing to play. In energy policy terms, doubling down means that, with winter approaching and energy prices skyrocketing, they were — even momentarily — considering plans to close down yet another major pipeline. 

He began his time in office by rejoining the Paris agreement and killing the Keystone XL pipeline, then moved on to helping promote Russian pipeline construction, and then to begging OPEC to increase production. Fellow Democrats are even pressuring Biden to consider shutting down oil exports and tapping the strategic petroleum reserve. 

Apparently, they have never seriously considered encouraging the American oil and gas industry to increase production and transportation of their products. In fact, we’ve even been treated to Secretary of Energy Jennifer Granholm’s guffawing when asked to consider the notion that she might be able to do something — anything — to help rein in energy prices by expanding domestic production.  

Even worse, while Granholm yucked it up on TV, she was also warning members of OPEC that “we need to increase [energy] supply at this moment so that people will not be hurt during the winter months.” Despite recognizing the protective value of more energy supplies, the Biden administration first acknowledged, and then rapidly walked back, reports that they were studying the costs of closing down the Line 5 pipeline, which supplies heating and transportation fuels to much of the Midwest.

Now you can see why the Democrats took a drubbing in recent elections and why Biden's approval numbers are below 40% in many polls. The Administration is full of lunatic leftist idiots.

To read more, go here

Saturday, October 23, 2021

Biden On Gas Prices: "Don't Have A Near-Term Answer"

Above, a gas pump at the Jamestown, New Mexico Flying J. Photo by Armand Vaquer.

A year ago, the country was energy self-efficient and prices of gasoline were down.

Now, everything is in chaos. His Fraudulency Joe Biden cancelled the Keystone Pipeline, preferring instead to have oil trucked. Never mind that there's a truck driver shortage. Biden suspended new oil and gas leasing and drilling permits on federal land and water. Now we have to rely more on OPEC for oil, whose prices on oil affects gasoline prices. 

During a townhall on CNN (Counterfeit News Network), Biden admits he has no answers. 

From the New York Post:

President Biden admitted during a CNN town hall Thursday night that he has no immediate solution to the problem of spiking gas prices and suggested that Americans would not start seeing relief at the pump until next year.

“My guess is, you’ll start to see gas prices come down as we get by and going into the winter – I mean, excuse me, into next year, 2022,” the president told moderator Anderson Cooper at the Baltimore event.

“I don’t see anything that’s going to happen in the meantime that’s going to significantly reduce gas prices.

“I must tell you, I don’t have a near-term answer,” Biden added before musing on the possibility that he could “go in the [Strategic] Petroleum Reserve and take out and probably reduce the price of gas maybe 18 cents or so per gallon, [but] it’s still gonna be above three bucks.”

To read more, go here

Friday, August 13, 2021

Joe Biden Is The Cause of High Gas Prices


It is amazing that while lunatic His Fraudulency Joe Biden is destroying America's ability to produce energy, he is calling upon OPEC to increase oil production.

He is the direct cause of why gasoline prices are now soaring (note to the so-called fact-checkers).

From Fox News (some snippets):

Salena Zito, a political reporter at the Washington Examiner, said she was befuddled that President Joe Biden would call on OPEC to produce more oil while gas prices soar in the U.S.

Zito, who was a guest on "Tucker Carlson Tonight" Wednesday, asked why the Biden administration was now sounding the alarm about fast-rising energy prices after the president "put his foot on the neck" of the oil and gas industry day one in office.

She said that the energy industry created jobs across the U. S., and called it "curious" that the Biden administration would ask OPEC to produce more oil while limiting its production in the U.S. 

Zito also noted that this was just the most recent example of Biden's history of harming the U.S. oil industry. 

"The energy industry, Joe Biden has put his foot on the next since day one and there is no exaggeration in that statement, from his executive orders on the Keystone Pipeline to halting and/or pausing production on federal lands with fracking in New Mexico and also oil production in Louisiana, he has impacted lives, American lives profoundly right there."

Remember, elections have consequences (especially rigged ones). Remove EVERY Democrat in next year's election!

To read the full article and see the Tucker Carlson video, go here

Monday, June 1, 2009

Oil Is Trending Upward Again

Oil prices are trending higher. Right now, the price per barrel is around $67/barrel. Last year, as you recall, the price per barrel was around $130+. This caused the price of gasoline to go to over $4.00 per gallon. Right now, the average price for a gallon of gasoline is $2.65/gallon.

This was one big ingredient that caused this current recession. People seem to forget that. This was also a primary cause for the downturn in the automotive industry.

Of course, the liberals in congress and President Obama won't allow us to drill offshore, allow any new drilling in Alaska, build new refineries or build nuclear power plants. This will continue to put us at the mercy of OPEC.

Don't be surprised if gasoline skyrockets to over $3.00/gallon by the end of summer.

Hold on to your wallets!

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