With gasoline $5 less than Obama’s mandate, Trump’s energy policy is helping even Trump haters. My February bill for 55 gallons of gasoline was $41.59 less than my 53 gallon January 2017 bill. Combined with lower utility prices saving me $80-plus a month.

Saudi Arabia isn’t pleased.

In January they cut production 800,000 barrels to force crude oil back up to $80 a barrel. When crude prices only increased $6 in 10 weeks they cut another 500,000 barrels. Crude price dropped slightly because increased U.S. production holds prices down.

OPEC can’t compete with Trump policy. The Keystone/Dakota pipelines will carry oil cheaper, safer and cleaner than trucks or trains.

Gary Miller

Texas City

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(38) comments

Gary Miller

Yesterday the Valero station I use cut a dime off last weeks price. $2 per 20 gallon fill up.

Rusty Schroeder

Wish we could change fuel usage Gary :)

George Croix

Considering what we get in return, the cheapest thing in our daily lives IS petroleum derived products, at whatever cost, because everything depends on them......

Carlos Ponce

Think about the gas pipeline explosion in Hidalgo, Mexico:
"Mexico is in the midst of a gas crisis, with shortages in and around the capital, long lines at stations around the country and criminal gangs known as huachicoleros siphoning gasoline from pipelines to resell it."
https://www.nytimes.com/2019/01/18/world/americas/mexico-gas-pipeline-explosion.html
Signs throughout Mexico proclaim " NO HAY GASOLINA" - "NO GAS".
"Why isn't Mexico producing enough gasoline?
For years, Pemex's six domestic oil refineries have operated well below their capacity, due to a mix of underinvestment, deferred maintenance and frequent accidents, including deadly explosions that have provoked costly stoppages."
https://www.pri.org/stories/2019-01-21/mexicos-gas-crisis-explained
Mexico used to have a variety of fuel producers. Now there's only one - PEMEX which is government owned and operated. That's Socialism.

Paul Sivon

The problem, other than the depletion of Mexico’s largest field, is crime and corruption, the same type of corrupted capitalism that opened the door to the extremist socialists in Venezuela. Don’t blame socialism for the explosions or the culture of bribery. If a wall does get built, the best use would be to stop the flow of USA sourced drug money and guns from Mexico. Help Mexico recover control of the country and the USA will benefit.

Gary Miller

Paul. You may be correct that capitalism led to socialism. Free market success produces wealth that socialist want. As in Venezuela, after socialists squander the capitalist wealth poverty replaces prosperity. Socialism always fails, capitalism always prospers.

Gary Scoggin

I would be interested in knowing exactly how Trump’s energy policy has affected the price of gasoline locally or the overall supply of oil globally.

George Croix

Right up front, not even counting any formalized and/or voted/enacted policy efforts, simply not actively downplaying the importance of fossil fuels or actively restricting efforts to hunt for/produce/distribute same is a significant difference between the current and most recent ex-administrations.

Gary Miller

Repealing Obama's drilling and production restrictions has permitted increased domestic output. Obama's stated policy was intended to raise gasoline prices to or above $7 a gallon.

Gary Scoggin

The Trump energy policy has not yet enabled a single drop of oil to make it to market. It may increase supply over time (depending upon the Saudi reaction) but it hasn't yet. Policy decisions take a while to work their way through the supply chain (usually years) and there hasn't been time for them to make a difference.

Today's price fluctuations are based upon increased US production which has been building since before Trump took office, as well as more Saudi, Iranian and other barrels on the market.

Carlos Ponce

"The Trump energy policy has not yet enabled a single drop of oil to make it to market."
So those crude tank cars and pipelines are carrying,,,,,,,,,nothing to the refineries??? Talk about CLEAN energy! [wink]

Gary Scoggin

Try to keep up, Carlos.

George Croix

Agreed. Lots of lag time between inception, production, and distribution.....
BUT, with a continuation of unfriendly policies and speechifying, we'd have less coming ahead, and we'd also not have our competition (read, suppliers, and also our so-called 'allies'. ...)overseas less willing to risk going up against our President...previously, the mouse just roared....
Ergo, it's a net big improvement, imo......

Gary Scoggin

It may well be an improvement, as far as the future is concerned. But the benefits haven’t manifested themselves yet. But the real difference maker here is technology, such as fracking, that has upped the supply in ways we never thought possible.

George Croix

AGREED!!
Just keep in mind who fought (and fights) tooth and nail AGAINST fracking when the subject of energy comes up.....[wink][smile][beam][innocent]

Paula Flinn

Fracking is so detrimental to the areas that permit it. It will ruin the water in the aquifers in the areas.
So earthquakes and water pollution from the Party that puts profits over everything else.
Now you can try to justify everything Pres. Trump wants, even $100,000,000 on the Space Force.

Gary Scoggin

Paula -- first let's not confuse probabilities with certainties. (It will ruin the water... WILL?). Properly done, as it is done almost always, fracking does not impact aquifers. There are lots of technical reasons for this but the place to start is the fact that producing zones are much deeper than drinkable aquifers.

Earthquakes (technically "induced seismicity") are not associated with Fracking but with produced water reinjection - a practice that has been going on for decades. There is increased scrutiny in this area and properly so.

The main environmental impact from fracking is the increased use of fresh water which may or may not be a problem depending upon local availability. The pluses of fracking are the increased availability of natural gas to offset coal, which is an environmentally preferable tradeoff, and by increased production of higher quality crude which is environmentally easier to turn to fuel as well as helping reduce our dependency on imported crude.

George Croix

"...please don’t add to the confusion with rational thought and facts. Many on this forum can’t handle that."

Gary, that was good advice you gave me.
I'm loaning it back to you to...... [beam]

Bailey Jones

If you'd like to thank someone for low oil prices, thank local boy George P. Mitchell, who developed modern hydraulic fracking. The oil boom began under Obama, and continues under Trump - neither had much to do with it. And it never would have happened without earlier shortages which resulted in high oil prices - which allowed for the capital investment required to develop fracking, which has led to our current abundance (and the occasional earthquake). Engineers make the world, not politicians.

Carlos Ponce

"neither had much to do with it" Trump removing the burdensome regulations and restrictions placed on the oil industry had a huge impact on the oil boom.

Gary Scoggin

See above discussion. Try to keep up, Carlos.

Bailey Jones

Oh, Carlos, your partisanship devalues your arguments. US Oil production has gone up about 35% under Trump. It went up 70% under Obama. It fell by half between 1985 and 2008, falling under every administration. Ask an oil guy - oil production is driven by profit, not politicians. Fracking makes unprofitable shale oil fields profitable. It's just that simple.

Carlos Ponce

Misleading information, Bailey. "It went up 70% under Obama. " True, but it followed a decrease of oil production. Even with the increase in production it just approached the levels set in 1970.
And who fights against Fracking? Liberals.
WASHINGTON — A federal judge on Tuesday night struck down an Obama administration regulation on the use of hydraulic fracturing, or fracking, for oil and gas on public lands, a blow to President Obama’s muscular stand on the extraction of fossil fuels on government lands.
https://www.nytimes.com/2016/06/23/us/politics/hydraulic-fracturing-interior-department-regulations.html
But that wasn't all-
"The Trump administration is planning to repeal former President Barack Obama’s landmark 2015 rule setting standards for hydraulic fracturing on federal land."
https://thehill.com/policy/energy-environment/324212-trump-to-repeal-obama-fracking-rule
"Fracking makes unprofitable shale oil fields profitable." True, but Obama fought it.

Gary Scoggin

Carlos, please pay attention. None of those things you mention has added one drop of gasoline to the pool or affected the price one red cent. They may well affect things in the future but they haven’t done so yet.

Carlos Ponce

" Ask an oil guy - oil production is driven by profit, not politicians."
Look at Mexico with a large oil source......and a shortage of gasoline due to government takeover of oil production under government operated PEMEX in the last century. And the gasoline produced isn't that great.

Carlos Ponce

Gary, looks like the future is now.

Gary Scoggin

I gotta say, Carlos, you are a good Trump supporter. Just keep saying something over and over and you get to believe it whether its true or not. And others will start believing it, too. It must be fun over there in the fact free zone.

Carlos Ponce

I am working with facts.

Gary Scoggin

"Alternative facts"

Gary Scoggin

The interesting thing about today’s fracking boom is that it is due to a convergence of technologies, many of which, like hydraulic fracturing as directional drilling have been around for decades. Advanced seismic techniques, enabled by massive increases in computing capability, now allow producers to finely map very thin pay zones. By being able to accurately drill horizontally in these thin zones, Mr. Mitchell's development can be used to great effect.

Today, looking backwards, the convergence of these approaches seems almost obvious. But not long ago, before people started putting them together, it was an unknown concept. That’s the thing about game changing innovation.... it’s hard or impossible to predict, but once it’s here it seems so obvious.

Bailey Jones

Gary, that's the way things usually go. Like pants, for instance. Apparently the first application of fracking was lobbing Civil War surplus torpedoes down wells (Roberts Petroleum Torpedo Company).

George Croix

Lag time.
Learn it...know it.....
Pretty much the way oil from A to finished products at B works....

Be thankful there were already forces and processes in motion that obama couldn't stop, bad as he wanted to, rather than credit Pres. Trump with more than his due on this subject. His main part of it to date, imo, would be, along with not getting in the way, a MUCH friendlier and less costly atmosphere in which to work, which always encourages more work.....the folks living a few years down the road will appreciate that greatly, although some 'endangered' dust or mites or something might not.....
It certainly helps greatly that this President knows we cannot live without fossil fuels for decades to come, even if we found ANOTHER 'magic wand'..... [beam][beam]

Bailey Jones

"decades to come", George? I guess we'd better get busy with replacing fossil fuels today - it's a huge job and will take all of those decades to accomplish.

George Croix

EASILY decades, Bailey.
How can anyone thinking possibly think differently.
If a Magic Energy Pill was produced today, right now, it would take decades to make all the conversions, if even possible to convert some, and change the infrastructure nationwide to support a totally new way of running our business.....
It's not politics...simple math will do just fine......

Gary Scoggin

Most reliable energy outlooks call for oil to be a major energy source for decades to come. (I prefer the BP Energy Outlook because it's easy to digest and, hey, I used to know some of the guys that write it.)
https://www.bp.com/en/global/corporate/energy-economics/energy-outlook/demand-by-fuel.html
Renewables will grow a lot but starting at such a low level, they won't comprise more than bout 15% by 2040. The winner here continues to be natural gas which is becoming more available and has half the CO2 impact of coal.

The important thing to realize is that over the next 20-25 years energy consumption continues to rise. It seems as if as the world economy grows and more people move out of poverty and into the middle class, they want some of the nice things that we have, too.

George Croix

https://www.statista.com/statistics/183505/number-of-vehicles-in-the-united-states-since-1990/
"Some 272.48 million vehicles were registered here in 2017. The figures include passenger cars, motorcycles, trucks, buses, and other vehicles."

Yes, that includes electrics and hybrids, but what do you suppose the percentage of those are compared to diesel and gasoline powered....minuscule to vey low, probably....
Then, there's airplanes, and lawnmowers, and chainsaws, and portable generators, and ships, and trains, and watercraft, and backyard BBQs, and Bic lighters, and...............................................
BILLIONS of items just in this country that require petroleum derived fuels/products to function. AND the production/sales/service industries and maintenance/fueling infrastructure for all of them.

Any thought of NOT being decades away from ditching the decayed dino's requires not just one of those 'magic wands' like had to be used to get a 3.0 GDP, but also ingesting some good old fashioned BS put out by the usual suspects.....
We all have to nibble a little of that in life, but none of us have to develope a taste for it......[beam][beam][beam]

Gary Scoggin

Looking at cars and trucks, hybrids and electrics are just a few percent now. The BP Outlook estimates that they increase to about 22% (on a miles driven basis) in 2040. That's a nice increase but it still shows that mass electrificiation of transport is still a long ways away. As George alluded to earlier, part of that is driven by turnover. Over the next 20 years, the BP report estimates that the typical vehicle spends 12 years on the road.

The energy story of the next 20 years will be largely about gas and renewables backing out coal for power along side slowed growth in auto fuels. Everything grows though (except coal) because as the global economy grows, energy demand grows with it.

George Croix

Gary, may I suggest we include another salient point in the 'decades to go, at best' narrative, and remind readers not familiar with the fact that natural gas is ALSO a fossil fuel. The cleanest so far, but it still is what it is.
Silly? I'd bet a case of cold Diet Coke that 5 of 10 asked on a street corner would not know that.....if not more.....
When parroting the 'rid ourselves of fossil fuels' and go strictly to 'alternatives' those suspects should try to keep in mind that the electricity for their 'green' cars is generated by using fossil fuels (unless it's a nuke....and that's another story....), and you can't put enough solar cells on one to make up for that, the solar cells themselves, though, manufactured on equipment and delivered by conveyances using fossil fuels.....Catch 22, 23,24,25,........etc..... COULD use a mast and sails, but then every car would be a convertible, AND we'd have to raise all the overpasses........And it would take a crew of half a dozen 'road sailors' just to deliver a truck full of re-stock groceries to Kroger.....
If you intend to support ANY of the currently announced Dem candidates for President in 2020 keep in mind they ALL support the 'Green New Deal', among the other...interesting....positions, so you should practice support for them by watching, over and over, the last 3 minutes or so of the movie 'Thelma and Louise' and realize that's where ALL of your potential 'leaders' are saying they want to take you.......
Enjoy the view on the way to the bottom............[beam][beam][beam][beam][beam]
The last sound you'll hear will be Everybody Else in the world laughing...........

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