How much is your local "Trump at the Pump Tax?"

Drill baby drill was stolen from John McCain, and 47 uses it on people in maga who don’t look up anything. Like he said he can lie and they eat it up. I don’t know if this is correct because it seems to be from 47 admin, but where is the link to your numbers? As you see drill baby drill doesn’t mean a thing in the real world. Your words don’t match this data.
This forecast is from the end of 2025, notice the lower oil prices per barrel before 47 started a war for no reasons. Notice it says an increasing oil production the past four years, completely opposite to your idea.
Or are you only excitedly in your cult mania believing what you want to hear?

EIA forecasts U.S. crude oil production will decrease slightly in 2026 -
U.S. Energy Information Administration (EIA)

 

@WNBA.....

Apologies to the NBA for thinking that THEY were bad....

 

You do realise that oil is only suitable to sell off shore, the US refineries can't use it, the brilliance of the US petroleum industry, the USA can't refine their own oil ...... I don't understand why the average American can't see the problem here .....
DJT invaded Venezuela because they had the right sort of oil for the US refineries ..... but his "advisers" didn't tell him there was no working infrastructure to get it out of the ground and onto a ship to transport it to the US refineries.
The US oil mobs won't waste billions and 3 to 5 yrs if they started tomorrow to build the required infrastructure to make the area productive again, they got burnt bad last time and they know fossil fuel has a limited time before it's just for the enthusiast, they are playing the smart game overseas and building EV charging infrastructure and once DJT is gone, the US will be flooded with electric vehicles, so they will use what they learnt overseas to build out the networks in the USA ......

T1 Terry

 

Sorry, but I have family members who "make polar bears cry" as I like to put it.....

Fact check:
FALSE.

US refineries are optimized to process heavier, cheaper foreign crudes but this does not mean that they CANNOT use domestic crude.

 

They can blend the light sweet crude with imported heavy sour crude and get by, but they can not continuously process light sweet crude, they just aren't built to do that. There is more money to be made selling the light sweet crude than there is refining it in facilities that aren't designed to process it. The oil companies are all about making money, too bad if the local users don't want to pay what the overseas markets will pay.
What happens when they can't pull more sour heavy crude from the reserves stockpile? What will they have to pay for the imported product, if they can actually find someone who will sell it to them?

T1 Terry

 

Venezuela - the largest proven oil reserves in the world.
Close by.
Heavy and sour.

You seem to forget that you cannot eat oil.
Well.....we do in the US with petrochemicals in food dyes but this is because BOTH of our parties are horribly corrupt - but that's a side issue.
We also have lots and lots of arable land, and as you are very much aware - one does not necessarily NEED oil to drive automobiles.....as has been proven by Brazil since.......the 1970s.

 

How do you plan to get it out of the ground in Venezuela? If it was that easy, China would be there already, they can build things incredibly fast and have the $$ to do it ....

As far as producing E fuels, besides the moonshiners, what other facilities do you know of that can produce a lot of ethanol? What about the diesel for the trucks and fuel for the aircraft?

From Googles AI Gemini
The Yield Problem
Sweet crude oil (specifically light sweet crude from US shale basins) naturally contains a higher concentration of light hydrocarbons. [1, 2]

• High Gasoline Yield: Light sweet crude is excellent for making motor gasoline.
• Low Middle Distillate Yield: It yields much lower percentages of middle distillates.
• Distillates Needed: Middle distillates are the specific chemical fractions required to create diesel and aviation (jet) fuel. [1, 2, 3]

According to the U.S. Energy Information Administration (EIA), simple distillation of light crude can produce these high-value fuels, but the low volume per barrel makes it inefficient as a sole source. [1, 2, 3]

T1 Terry

 

Good point but, really.....why is there this persistent notion that oil is in short supply?
Like I said before, you can't eat the stuff, and you also cannot hide a sunrise.
Oil prices are not going crazy DESPITE the wah in Iran, an overblown storm in the Gulf of Mexico (pun nearly unintended) an earthquake in Venezuela, the "rock-n-roll Houthi coup," or any of the other reasons that people are dreaming up.
Demand is down among the various importers, and the zany 1970's inspired Peak oil concerns are not bearing out.

Oil is a finite resource, and that's a fact and it DID power the industrial revolution, but that was two revolutions ago - and the Luddites LOST.

 

I think it was wood burnt in a boiler to drive a steam engine that powered the industrial revolution. The diesel engine was built to run on vegetable oil and peanut oil, so fossil fuel didn't bring about either of those great leaps forward, the fossil fuel industry just twisted arms till their product was used and they had a customer base that they could take to the bank.

The USA was supposed to be the clever country of innovation, yet they couldn't build refineries to use the oil the USA pumps out of the ground ......

The US oil reserves are a mth away from dropping to a critical level, then the oil market will be dependent on spot pricing ...... let's see what happens in 6 to 8 weeks with gasoline prices, then consider where diesel prices will be, stuff doesn't move from one place to another without diesel ...... the prices could climb to the point trucking companies simply fold because they can't pay for fuel and wait 3 mths to get paid for the delivery .... it's already happening over here, so you can be sure it will happen over there when they can't pull any more out of the reserves without the whole thing collapsing.
Then there is the military reserve level of 250 million gallons, with the level at 310million gallons now, that leaves 60 million gallons to go before paying the world spot market price, the pump prices will be a shock to the system ....

T1 Terry