The policy statements certainly make people uneasy and I don't disagree. They're as stupid as saying you can keep your doctor if you like him or Mexico will pay for a wall.BDKJMU wrote: ↑Tue Apr 05, 2022 10:13 amCould start by Biden’s string pullers not having:Ibanez wrote: ↑Tue Apr 05, 2022 6:28 am
Short of the Government taking over the oil industry, I'm not sure what more the Gov't can do. Companies are making the business decision to drill more/less. Are you saying you want more government? They're already rewarding more leases and permits. Last month the administration said it'll allow more drilling on federal lands. It won't happen overnight, though. It sucks but we have to be patient.
The problem isn't just supply (which most people critical of prices seem to only care about or think about.) Demand is equally important in pricing and high right now with RTO, supply chains re-opening and moving, the US is heading into spring break and summer vacation months, etc...
I'd be willing to be that labor shortages in the oil industry are also a contributing factor. About 15k people left the oil industry in 2020...in an industry that saw it's highest levels of employment under Obama, and then it fall greatly and level out under Trump.
Look at the price of lumber, supply is returning to it's pre-pandemic levels (but with labor shortages there are problems getting it back up) and demand remains high which equals to high prices. Home construction took a huge hit and with many people not wanting to pay an extra $18,000 (on average) for a home, many have put off home building.
Perhaps things wouldn't be so bad if our government and leaders had taken the pandemic and shut down seriously and made it possible for us to return to normal quicker. Or not shut down at all...or mot shut down critical infrastructure. There are a lot of "what ifs" in hindsight. Lot of what ifs and everyone in power since 2020 has a role in this mess.
https://www.reuters.com/business/energy ... 022-03-14/
-Made all the anti development/getting rid of oil statements during the campaign, which industry did react to.
-Shut down Keystone.
-Shut down ANWR exploration.
-Restored the ‘social cost of carbon’ estimate to about $51 per ton of carbon dioxide emissions after the Trump administration had reduced the figure to about $7 or less per ton, which did cause a delay on leases.
+ whatever else I am forgetting they did in 2021..
Could also eliminate the gas tax for 6 months.

I'm with you on eliminating the gas tax, an $.18 - $.24/gallon reprieve would add up...ESPECIALLY for truckers.
