1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Why Gas Got So Expensive (It’s Not the War)

Discussion in 'BBS Hangout: Debate & Discussion' started by Invisible Fan, May 16, 2022.

  1. Invisible Fan

    Invisible Fan Member

    Joined:
    Dec 5, 2001
    Messages:
    45,954
    Likes Received:
    28,052
    I.D.I.O.T.

    First half talks about how expensive it is to develop infrastructure, skipped to the parts we mainly care to remember.




    I'd watch the remaining 8 mins on 1.5x+....15:36 if you don't fracking care bout fracking.

    A side argument is that the oil industry "didn't prep enough" while knowing how long it takes to increase infra and logistics. Some folks like Jeff Snyder says the oil industry doesn't listen to the Fed or their economic forecasts anymore. Been burned too many times on recovery-not-recoveries that hosed their investments when expected reflationary demand didn't show up.
     
    #1 Invisible Fan, May 16, 2022
    Last edited: May 16, 2022
    Space Ghost, Andre0087 and Ubiquitin like this.
  2. pgabriel

    pgabriel Educated Negro

    Joined:
    Dec 6, 2002
    Messages:
    43,859
    Likes Received:
    3,732

    I've said this several times since prices have risen because of Russia invading Ukraine.

    Thus is a temporary blip. It's not lack of investment, it's fracking has taken out all of the cost extras like middle east instability and have made oil prices a true function of supply and demand.

    If the war ends tomorrow, Russia will be selling its oil, and if US oil companies have made a huge investment based on Russia not being able to sell, everyone will lose including Russia because of a supply glut.
     
  3. pgabriel

    pgabriel Educated Negro

    Joined:
    Dec 6, 2002
    Messages:
    43,859
    Likes Received:
    3,732
    BTW, it is the war. Yes infrastructure to respond isn't there, but infrastructure is sufficient without a madman running the country with the most oil

    Like I used to say about Saddam, he would die one day, we all will. Oil companies are doing right by themselves not reacting to this stupidity
     
  4. Space Ghost

    Space Ghost Member

    Joined:
    Feb 14, 1999
    Messages:
    18,306
    Likes Received:
    8,654

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now