patrick.net

WookieMan says

So per gallon prices are down, but the state isn't collecting the tax that was meant to keep our roads and bridges in good shape.

It's not like they were really using all (or any) of it for THAT purpose....

I remember SF mayor saying in 2006(?) that "we don't plan any road repairs in the city for this year because we have lots of resident with special needs and these needs will havre to be met first".

https://notthebee.com/article/gas-doubled-under-biden-and-now-its-dipped-a-little-bit-and-cnn-wants-you-to-think-of-it-as-if-youre-getting-a-100-raise-

August 20 Palm Beach County $3.44.

I recall it was $2.24 in December 2020.

CNN is so full of shit, I can’t watch or read anything from them.

This is the last month of Biden's order to tap the strategic oil reserves which are down to 1984 levels.

Oil rig count is still about 15% below early 2020 levels. I don't see gas prices staying low unless the economy takes a major dive after the midterm election.

https://www.cnbc.com/2022/10/03/opec-oil-prices-could-soon-return-to-100-a-barrel-analysts-say.htm

But then you have this forecast which keep oil demand down.

https://www.marketwatch.com/story/be-prepared-for-trucking-winter-analysts-warn-11664559728

https://www.msn.com/en-us/money/markets/ocean-freight-orders-are-signaling-a-big-drop-in-consumer-demand/ar-AA12xGqe

,

It’s getting to the point where the JouleUnlimited biological crude/diesel from algae becomes economically viable, I would think. If CA fuel holds above $6/gal line it seems to be now, this has got to be potentially a solution. I wonder why the venture with Audi out in the New Mexico desert pilot project shut down…..

This fuel should meet the CA RFS and CARBOB requirements based on the information they have divulged.

ForcedTQ says

biological crude/diesel from algae becomes economically viable

Yeah, just like biogas as I have worked in the biodigester industry for poultry farms.

Brazil understand this enough several years ago :

" Brazil today is home to the world's largest fleet of cars that use ethanol derived from sugarcane as an alternative fuel to fossil fuel based petroleum. Twenty-seven million cars, 73% of the total, can use a mix of ethanol and gasoline. Dec 2, 2018 "

ForcedTQ says

economically viable

Europe should look into more biogas production from waste like poultry and swine waste as part of elevating energy prices.

https://fortune.com/2022/09/06/europe-energy-bills-soar-two-trillion-2023-goldman/

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$3.18 Palm Beach County on Oct. 3

ForcedTQ says

It’s getting to the point where the JouleUnlimited biological crude/diesel from algae becomes economically viable, I would think. If CA fuel holds above $6/gal line it seems to be now, this has got to be potentially a solution. I wonder why the venture with Audi out in the New Mexico desert pilot project shut down…..

This fuel should meet the CA RFS and CARBOB requirements based on the information they have divulged.

Right, but all car manufacturers are rapidly abandoning their passenger car diesel lines and going full retard ... err... full EV instead. The fuel may be viable but only semis and brodozers will be left to take advantage.

ad says

Brazil understand this enough several years ago :

" Brazil today is home to the world's largest fleet of cars that use ethanol derived from sugarcane

Several decades ago actually. They started government program to foist ethanol fuel on everybody as a response to the 70s oil crisis.

ForcedTQ says

It’s getting to the point where the JouleUnlimited biological crude/diesel from algae becomes economically viable

No no no no no no.

OK, the BEST algae that exists (that we know of) is about 1% efficient at converting solar energy into stored energy. It's a TERRIBLE energy source. We're far better off using solar panels (15% efficient usually) using electrolysis to produce hydrogen (50% efficient at best, but let's say 25% efficient), that makes it 4% efficient overall.

Now compare that to algae that still needs to be processed and turned into some sort of fuel.

I love the idea of basically free energy from the sun, and it IS workable, with a lot of land. Honestly, where I live, I could live with just a bunch of solar panels on a roof of a shack, and I could deal with the power outages on cloudy and rainy days. I really wouldn't need much storage, but some to run a fridge and a stove. Solar energy is workable, but it needs major changes to society. "Oh it's sunny out today! I can run the vacuum cleaner and run the dishwasher!" - that is what it would be like.

It would require a radical change in society. No streetlights, much better control of crime at night, an armed citizenry, it's doable, but a radical change in society. The only things you'd have that would run off from battery would be absolute necessities, your phone, maybe a few lights, that's it.

https://www.breitbart.com/politics/2022/10/06/sarah-palin-my-first-agenda-item-making-sure-we-open-anwr-end-fake-energy-crisis/

Former Gov. Sarah Palin (R-AK), a candidate running to represent Alaska’s At-Large Congressional District in the U.S. House of Representatives, said in an interview on Breitbart News editor Adrienne Ross’s eponymous podcast published on Tuesday that if elected, her policy priority will be to “open up” the Arctic National Wildlife Refuge (ANWR) as a measure against a “fake energy crisis” that President “Biden made.”

https://slaynews.com/news/us-oil-industry-fires-back-at-joe-biden-after-snub-heard-round-the-world-the-wh-has-one-option-left-and-it-is-the-one-option-they-should-have-never-turned-away-from-in-the-first-place/

The U.S. Oil & Gas Association has fired back at Joe Biden after the Democrat president was snubbed by the Saudi Arabia-led Organization of the Petroleum Exporting Countries (OPEC).

As Slay News reported Wednesday, OPEC will slash oil production despite the Biden administration begging the group to ramp it up.

The move is a huge blow to Biden ahead of the midterms as the cut in oil will send gas prices soaring further.

The oil and gas industry has warned Biden that he now has no other option that to increase the domestic output of fossil fuels.

In a post on social media, the U.S. Oil & Gas Association said: “OPEC says no, SPR options all but gone…

“The WH has one option left and it is the one option they should have never turned away from in the first place—the US-based oil and gas industry.

cisTits says

Patrick says

Why hasn't the WH told the Saudis, "OK, we're now charging you $30 billion a day to make sure nothing 'happens' to oil tankers leaving your ports..."?

If we had a POTUS with all his marbles in his head, that is what would have happened.

Why not just invade them, hold a nice quick referendum and declare SA a 51 state? It was Americans who found their oil in the first place so this is ours by historical right.

Patrick says

Dems trying to fire up the base to get more votes show up to beat a typical 40% midterm range. Tell abortion is most important to everyone. Third cover up every real issues as there is nothing to offer.

cisTits says

Norway sticking it to their fellow NATO partners in Europe.

Norway is not an EU Member though.

I see the Hunter Biden investigation going no where given how much the Democrat party controls the DOJ bureaucracy as well as the courts and media.

As while the public gets distracted with this, the Biden admin stop drawing from the strategic oil reserves this month and right before the election; its at its lowest level since 1984 now OPEC is cutting production.

This is just Biden and Democrat theater as they want gas prices to be back to national average of $5 a gallon just after the midterm election. It makes it easier to market their green new deal like electric cars, solar, etc.

ad says

It makes it easier to market their green new deal like electric cars, solar, etc.

I think the green market is saturated at this point if that makes sense. I'm not attaching solar to my roof. I'm not getting an EV. I'm the pretty standard person in rural IL and most of the midwest. We don't get enough sunlight for solar to be viable and too many hail storms. Manual labor even something like plumbing or electric there's no EV that is remotely close to being viable for business uses. Time is money and you cannot be sitting there looking for a charging spot and sit there for 30 minutes to get to the next job to be "green."

Not because I lean Libertarian/Republican, but I think the Dems have lost all touch of reality. Oil and LNG are here to stay. All high gas and LNG prices does is hurt the poor the most, aka their voter base. They assume they'll stay dumb forever. I think next month is going to be a real eye opener for them.

We also don't talk much about other inflated products. My case of beer went from $15 to $20 in a year. Mind you that doesn't move me, but your average person, non-white collar, shit like that adds up along with high gas prices. They cannot afford EV's even if they could use them for working, they can't. We need cheap oil. It's obvious.. As we're seeing with Europe, going "green" makes you vulnerable as fuck.

WookieMan says

I'm not attaching solar to my roof.

Florida is above average to very good for solar based on NREL compared to excellent for southern Arizona :
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However, the problem with solar in Florida is with the property insurance companies.
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https://www.firstcoastnews.com/article/money/some-insurance-companies-dropping-florida-customers-solar-panels-on-their-homes/77-20929c68-bb37-4ae8-b39c-cdf37bb1e2a5

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https://www.theblaze.com/news/gavin-newsom-gas-prices-tax

Gavin Newsom calls for emergency tax to combat high gas prices in California and gets mocked mercilessly online...

"Gas prices in Florida are half the price in California. Why is it only California with $7 gas right now!" asked Christina Pushaw, the rapid response director for Florida Gov. Ron DeSantis (R).

"Really strange how oil companies only get really greedy when they cross the California border," read another popular response.

"Only an economically illiterate Democrat would think enacting yet another state tax on petroleum companies will bring about a decrease in gas prices LOL. You couldn't make up this level of stupid if you tried," responded another detractor.

"Gas prices are $3 less per gallon in Texas. I guess Texas uses different oil companies," said another critic.

So, what people seem to be missing is that the supply/demand is outta balance. Higher prices would normally decrease the usage of products but ...

California in its great economic wisdom sent out Inflation Relief Checks (these started getting sent out Friday). Their thinking is that to combat inflation, they will simply send out more "free" money. Most people call this doubling down on stupid.

I dunno, I don't live there so it's not my tax money.

Democrats really think Newsom stands a chance at being president...then he will be able to send ever increasing amounts of "free" money to everyone getting rid of poverty once and for all. Oh, the joys.

https://ktla.com/news/local-news/california-inflation-relief-checks-go-out-today-everything-you-need-to-know/

https://slaynews.com/news/valero-shuts-down-dems-complaining-about-high-prices-california-is-the-most-expensive-operating-environment-in-this-country-and-a-very-hostile-regulatory-environment-policymakers-have/

Valero Shuts Down Democrats Complaining about High Gas Prices: Policymakers Are ‘Eliminating Refinery Sector’

American energy giant Valero has responded to Democrat politicians who demanded information about high gas prices in California.

The company issued a blistering rebuke of all the Democrat policies that caused oil prices to soar.

https://www.newsmax.com/Politics/economy-opec-oil/2022/10/07/id/1090986/

A new study indicates that President Joe Biden's energy policies have cost the U.S. nearly $100 billion in annual output, leaving millions more barrels that could have been produced.

The Committee to Unleash Prosperity — a group founded by economists Steve Forbes, Art Laffer, and Stephen Moore — discovered a trend while reviewing oil and gas production under the previous two administrations.

Between 2 and 3 million more barrels of oil would be produced each day if former President Donald Trump had a second term, with another 20 to 25 billion cubic feet of natural gas produced as well, according to the report.

In addition, continuing Trump's policies would make domestic oil production far outpace the current OPEC cut, with researchers claiming that not a single barrel of oil would need to be sold from the U.S. strategic reserves.

"After many humiliating months of President Biden begging Saudi Arabia and other OPEC countries to please increase their oil production, OPEC countries have decided to do just the opposite: they are cutting back on supply by two million barrels a day to drive UP the price of oil," Moore stated.

"These high prices at the pump are in no small part attributable to Biden's hostility to American oil and gas production," he concluded, adding that the radical environmentalist movement has led to substantial divestment in oil and gas development.

Gas prices jumped here in San Antonio since last week. Up 29 cents to $3.19.