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  • Future of Energy

    It is a mixed bag going forward. Some refiners have closed and no new ones will be built (approved). Everything will be based on supply and demand. Already, jet fuel (kerosene) has hit $300/gal in the NE because of shortage. Will oil hit $150/ barrel, probability is high it will. (says top Goldman Sachs Commodity Analyst) It is now $112. This Administration is ANTI energy and of no help to stabilize markets. Thanks Biden.
    Look for higher gas and diesel this summer. Trucks will continue to park which will heighten supply interruptions as they can not afford the $1000 to $1500 or more to fill up.
    Think now how you are going to heat your home this winter IF prices continue to soar and there are gas and oil shortages.

  • #2
    Originally posted by jhjimbo View Post
    It is a mixed bag going forward. Some refiners have closed and no new ones will be built (approved). Everything will be based on supply and demand. Already, jet fuel (kerosene) has hit $300/gal in the NE because of shortage. Will oil hit $150/ barrel, probability is high it will. (says top Goldman Sachs Commodity Analyst) It is now $112. This Administration is ANTI energy and of no help to stabilize markets. Thanks Biden.
    Look for higher gas and diesel this summer. Trucks will continue to park which will heighten supply interruptions as they can not afford the $1000 to $1500 or more to fill up.
    Think now how you are going to heat your home this winter IF prices continue to soar and there are gas and oil shortages.
    I saw somewhere that there is going to be a diesel shortage.

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    • #3
      The future of energy is shortages and high prices. Democrats have declared war on the smelly Walmart people and are trying to destroy them economically and politically. Freedom to travel will come to an end as energy prices, necessarily skyrocket! Inflation is a tax that John Kerry is willing to pay. Non billionaires may find it more of a problem. Does any one besides me wonder why using free energy from the wind and the sun cost so much more than natural gas and coal???? Europe has spent trillions of dollars on sustainable energy only to find out that it's not sustainable or affordable. Why do the Brandonistas have to do the same as the Eurofools?? Saving a tenth of a tenth of a degree of increased temperature in a hundred years is going to be a price the USA isn't able to pay.

      Let's GO Brandon!!!!

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      • #4
        The cost of energy is now becoming a very serious issue. Much of the present problem is a result of refineries closing down due to declining income. And with that the operating ones are unable to meet supply demands which continue to raise prices. With the present restrictions placed on gas and oil by dimwit biden, we are witnessing less and less interest in investing in production and of any new refineries being built and present ones being sold ! The oil industry can see the hand writing on the wall and is very cautious about expenditures in drilling when the future will not warrant the investment. We are now caught in a catch 22 issue ! biden has managed to screw us all !!!

        FJB
        Last edited by bowhunter75richard; 05-16-2022, 09:23 PM.

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        • #5
          I really think you guys ought to move to Australia.

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          • #6
            Hey Snowhole, you got a link for that??

            Let's GO Brandon!!!

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