Trump promises then and now

... America drilling its-own Oil will be a GIANT step to reducing
energy prices. ... The other nations will sell it cheaper.
Pipeline with Canada (maybe the 51st state) and there's already
a waving of the magic wand... ... A Promise Kept.

... LESS transportation costs will begin to Lower food prices.
Yet-another wave of the wand. ... Abra-Cadabra!

... See? ... THE VOTERS actually believe Trump will achieve
these things - and why? ... Because Trump has done it before!

THAT is why Trump WON in a Landslide! ... To make America GREAT again!

#### Salty Originally Posted by Salty Again

It's cute that you think transportation costs are the biggest way to reduce actual costs to citizens.

Most of the refineries, are set up on the coastal areas for imports vs localized ones like where Keystone was going to end in The Midwest.

No matter where you have oil production, it's going to have to be transported regardless to the areas of refineries. And guess who owns the refineries? That's right the oil companies. Do you think they're really going to do something that would make them less money no matter who's asking including Trump?

You can't be that naive

Just exactly - specifically why would oil producers want to make more production, to drive prices lower? There's that old pesky rule of supply and demand, where you make the most amount of profit where supply and demand actually meet versus over supply. Once you oversupplied an area with a product you can actually eliminate your profit margins to a point where it's no longer productive too Make said items.

In This case oil and gasoline.

Or do things work differently down under, where if you oversupply a good or service - your profit skyrocket?

By the way it's my understanding that Trump won by the slimst of margins when it comes to voter tally of 1.2% - hardly a mandate of any sort by comparison to other elections that were tide turners

.. First-off, why don't YOU stow the racial jibes and slights
to me heritage there, mate. ... As yer trying to show some-sort
of "better" knowledge of the situation then I have.

Also, no need to ask questions - as I'll explain to you just
what can happen - just as I explained IN ADVANCE how the election
would go - with Trump Winning.

... Now getting back to the issue - the oil companys DO NOT own
ALL the refinerys. ... So that's one wrong speculation from you.
And - YES - once America can produce its-own energy - Down Come
The Costs! ... The Government can also pick and choose just which
companys to favour once "Drill Baby Drill" starts up again.

And with LESS reliance on foreign oil, the refinerys here will
be tripping over themselves for business HERE.

Ye Christ! ... How do you think that Trump was able to LOWER
petrol-gas prices the last time? ... It wasn't magic, but a
strategic business plan.

... So, let's give Trump a chance to keep his promise!

#### Salty

He lowered gas prices last time by failing to handle Covid. People were stuck in their homes so supply worldwide far exceeded demand. Hence price of gas dropped. Remember when oil per barrel was a negative dollar amount, that drove down prices. Drilling and domestic production had zero to do with it.

Drill baby Drill! If anyone actually believes that stupid shit and it's that simple, I highly recommend that you take a look at an O&G company's balance sheet and income statement. Trust me when I say it ain't that fucking cheap to just "drill baby drill". You can drill baby drill, but if you don't hit enough, your bottom line will get killed baby killed until you literally see red on the P&L statement. LOL

If you Trumpettes think that just drill baby drill domestically bullshit is going to help your wallet, I'll offer as a friendly suggestion to not hold your breath while waiting until the month of Neveruary.

That's promise you can't keep, lol. Originally Posted by Levianon17

That's not very nice. Props to VM for taking a break from the many nonsensical posts in this forum. Hell, it's better than just losing it and getting banned which has been the case for many lately.

Trust me when I say it ain't that fucking cheap to just "drill baby drill". Originally Posted by Lucas McCain

What does "cheap" mean?

Trust me when I say the costs of drilling each well or developing each field can vary all over the map - from pennies a barrel to over $100 a barrel.

Trust me when I tell you the major players in the oil & gas industry know enough about their business to invest their E&D dollars rationally. They're smart enough to tap the cheaper oil fields first, before moving on to the costlier ones.

He lowered gas prices last time by failing to handle Covid. People were stuck in their homes so supply worldwide far exceeded demand. Hence price of gas dropped. Remember when oil per barrel was a negative dollar amount, that drove down prices. Drilling and domestic production had zero to do with it. Originally Posted by 1blackman1

How was it that he “failed to handle Covid”?

Read the umpteen threads on this forum. His failures have been listed ad infinitum. Just because you disagree doesn’t mean much.

Nice cop out.

Trust me when I tell you the major players in the oil & gas industry know enough about their business to invest their E&D dollars rationally. They're smart enough to tap the cheaper oil fields first, before moving on to the costlier ones. Originally Posted by lustylad

Lusty- you remember how all those oil production drilling companies were all smart about acquiring land and drilling rights- back in the 2008-2014 yrs. They almost ALL lost their asses. While I'm sure they learned a few lessons from the past- as in don't buy land leases you cannot complete within 5 yrs, they are still in the speculation market.

What oil fields are cheapest-vs. available are a totally different subject. I've seen lots' of shale plays being produced- and there was a guy who was running a company that was excellent at producing "old wells". vs the cost of acquiring land leases, drilling the wells and then fracking. Harold Hamm who ran Continental Resources would buy up dead wells on the cheap, and then re-frack them. Made boatloads of money-

Point is that the upfront costs are not gonna be just tossed about as they were in the early 2000's, and causing the fire sales and bancruptcies. I had a load of dough invested with Continental and they were a dream with stock performance until they went private-... bastards-, but they just wanted to keep more profits vs. diluted shareholder value. AND they are still doing their deals- making money- but you can only do it as a bond holder now.

I'm certain there are others like them.

But as to who owns oil production- it's all been private equities or publicly traded companies.
https://en.wikipedia.org/wiki/Petrol..._United_States

Not governments, cept for the saudi's investment in a few- It's never been anything other than those folks who NEVER operate at a loss- minus a few disasters or hurricanes. They are really good at increasing the costs and pushing them out to consumers. A very inelastic or low elastic product relating to demand. Meaning that demand doesnt' change significantly to increases in prices. Because we are addicted to the need and use- another argument for electric vehicles, but that is for a different thread. T


So in effect- adding a bunch of surplus will only hurt the producers in most cases- they have to think of cost per barrel to produce and if the costs or price goes below that production cost- they STOP producing; or only produce at threshold to keep the lights on and the layoffs from happening. These companies are NOT startups needing to make a namesake for themselves, or to draw in equity investors. They have lots of that- they need profits to match up, so as to not lose shareholder value. Delicate balance.

Trump suggesting drill baby drill....well it's just not gonna happen.

I didn't mean to impune Salty in my commment- apologies if that sounded mean-spirited- but hopefully you see the problem with saturating a market to drive down prices now- and they are likely NOT going to happen because it certainly might help consumers, but it would cause another crisis in the OPEC and petroleum industries. Lots of money going out, and lower profit margins coming in.

Lusty- you remember how all those oil production drilling companies were all smart about acquiring land and drilling rights- back in the 2008-2014 yrs. They almost ALL lost their asses. While I'm sure they learned a few lessons from the past- as in don't buy land leases you cannot complete within 5 yrs, they are still in the speculation market.

What oil fields are cheapest-vs. available are a totally different subject. I've seen lots' of shale plays being produced- and there was a guy who was running a company that was excellent at producing "old wells". vs the cost of acquiring land leases, drilling the wells and then fracking. Harold Hamm who ran Continental Resources would buy up dead wells on the cheap, and then re-frack them. Made boatloads of money-

Point is that the upfront costs are not gonna be just tossed about as they were in the early 2000's, and causing the fire sales and bancruptcies. I had a load of dough invested with Continental and they were a dream with stock performance until they went private-... bastards-, but they just wanted to keep more profits vs. diluted shareholder value. AND they are still doing their deals- making money- but you can only do it as a bond holder now.

I'm certain there are others like them.

But as to who owns oil production- it's all been private equities or publicly traded companies.
https://en.wikipedia.org/wiki/Petrol..._United_States



Trump suggesting drill baby drill....well it's just not gonna happen.

I didn't mean to impune Salty in my commment- apologies if that sounded mean-spirited- but hopefully you see the problem with saturating a market to drive down prices now- and they are likely NOT going to happen because it certainly might help consumers, but it would cause another crisis in the OPEC and petroleum industries. Lots of money going out, and lower profit margins coming in. Originally Posted by eyecu2

That's fair enough on the comments, Eye... ..

And I can understand your point - but not seeing how America
drilling for its-own oil is gonna "saturate the market"...
And should President Trump really be overly concerned with
the opinion of OPEC?

#### Salty

Are we talking energy independence? Good reading.


Constellation inks $1 billion deal to supply US government with nuclear power

The GSA said in the face of uncertainty over future electricity prices and soaring power demand from data centers and AI facilities, the contracts will provide federal agencies with budgetary stability by keeping electricity costs fixed for 10 years.

Robin Carnahan, the GSA administrator, said the deal demonstrates "how the federal government can join major corporate clean energy buyers in spurring new nuclear energy capacity and ensuring a reliable, affordable supply of clean energy for everyone."

Bringing the entertainment. I could be back consistently.

Drill baby Drill! If anyone actually believes that stupid shit and it's that simple, I highly recommend that you take a look at an O&G company's balance sheet and income statement. Trust me when I say it ain't that fucking cheap to just "drill baby drill". You can drill baby drill, but if you don't hit enough, your bottom line will get killed baby killed until you literally see red on the P&L statement. LOL

If you Trumpettes think that just drill baby drill domestically bullshit is going to help your wallet, I'll offer as a friendly suggestion to not hold your breath while waiting until the month of Neveruary.



That's not very nice. Props to VM for taking a break from the many nonsensical posts in this forum. Hell, it's better than just losing it and getting banned which has been the case for many lately. Originally Posted by Lucas McCain

It's a cult, they will believe anything he says and when things go differently, fail to notice. Lower grocery prices, already backtracked. End the Ukraine war, walked that one back too. And he's already admitting he can't lower energy prices like he promised.



Combine that with the fact most of his supporters on this board don't understand basic economics enough to realize deflation is bad.

.. First-off, why don't YOU stow the racial jibes and slights
to me heritage there, mate. ... As yer trying to show some-sort
of "better" knowledge of the situation then I have.

Also, no need to ask questions - as I'll explain to you just
what can happen - just as I explained IN ADVANCE how the election
would go - with Trump Winning.

... Now getting back to the issue - the oil companys DO NOT own
ALL the refinerys. ... So that's one wrong speculation from you.
And - YES - once America can produce its-own energy - Down Come
The Costs! ... The Government can also pick and choose just which
companys to favour once "Drill Baby Drill" starts up again.

And with LESS reliance on foreign oil, the refinerys here will
be tripping over themselves for business HERE.

Ye Christ! ... How do you think that Trump was able to LOWER
petrol-gas prices the last time? ... It wasn't magic, but a
strategic business plan.


... So, let's give Trump a chance to keep his promise!

#### Salty Originally Posted by Salty Again

Like his strategic business plan that drove a casino into bankruptcy? I realize it's a lot of words...but if you read it you might learn a little about the much bigger picture of what goes into refining.


https://www.nasdaq.com/articles/amer...e-import-crude




You'll note that it clearly says in the title that we ALREADY produce enough barrels to meet our domestic needs.

You'll note that it clearly says in the title that we ALREADY produce enough barrels to meet our domestic needs. Originally Posted by 69in2it69

... So, then we'll SELL IT elsewhere.
Natural Gas production also.

#### Salty

It's a cult, they will believe anything he says and when things go differently, fail to notice. Lower grocery prices, already backtracked. End the Ukraine war, walked that one back too. And he's already admitting he can't lower energy prices like he promised.



Combine that with the fact most of his supporters on this board don't understand basic economics enough to realize deflation is bad. Originally Posted by 69in2it69

Check post #9…

5 stations in my area at $2.399/gal for regular unleaded. With the current crack spread and the historical TA schedule, ppgal will not drop but a few cents as we head into February. However there has been lower seasonal and Trump election win priced in as regulations will benefit all industries including energy.

But if you’re in CA your fuel prices will continue to rise as refiners look to exit the state.

Go MAGA! Where did I put my cup of Koolaid?