Supply chains and Work shortages

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  • mickeyratmickeyrat Posts: 38,547
    Can we talk about oil and gas prices?

    Why do people still think that Biden caused inflation and the high gas prices?!?

    because fox news said so?
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  • tempo_n_groovetempo_n_groove Posts: 40,350
    mickeyrat said:
    Can we talk about oil and gas prices?

    Why do people still think that Biden caused inflation and the high gas prices?!?

    because fox news said so?
    Is that where they are getting this from?  I would guess from Hannity or Tucker, not the news part though?
  • static111static111 Posts: 4,889
    edited June 2022
    Can we talk about oil and gas prices?

    Why do people still think that Biden caused inflation and the high gas prices?!?
    Because they don't want to blame capitalism and the big oil companies that lobby and bankroll their favorite candidates.? On another note, I predict that freezing the federal gas tax of $.18 will just see the oil companies raise the price of oil correspondingly and thus create more profits for their stockholders, free rent!...good grief.  Price gouging is happening and just because the cost of a barrel of oil is up doesn't correspond with the whole record profits thing.  
    Scio me nihil scire

    There are no kings inside the gates of eden
  • tempo_n_groovetempo_n_groove Posts: 40,350
    static111 said:
    Can we talk about oil and gas prices?

    Why do people still think that Biden caused inflation and the high gas prices?!?
    Because they don't want to blame capitalism and the big oil companies that lobby and bankroll their favorite candidates.? On another note, I predict that freezing the federal gas tax of $.18 will just see the oil companies raise the price of oil correspondingly and thus create more profits for their stockholders, free rent!...good grief.  Price gouging is happening and just because the cost of a barrel of oil is up doesn't correspond with the whole record profits thing.  
    I have to double check but I believe we were producing the same amount of oil for the past few years?  I know we had a peak of 14 million barrels at one time.
  • the only thing not increasing in price is bananas. which is...well....bananas. 
    new album "Cigarettes" out Spring 2025!

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  • mickeyrat said:
    Can we talk about oil and gas prices?

    Why do people still think that Biden caused inflation and the high gas prices?!?

    because fox news said so?
    Is that where they are getting this from?  I would guess from Hannity or Tucker, not the news part though?
    idiot conservatives trying everything to blame everything on biden.  "Bidinflation". they're either incredibly stupid or disingenuous. 

    new album "Cigarettes" out Spring 2025!

    www.headstonesband.com




  • Halifax2TheMaxHalifax2TheMax Posts: 39,013
    mickeyrat said:
    Can we talk about oil and gas prices?

    Why do people still think that Biden caused inflation and the high gas prices?!?

    because fox news said so?
    Is that where they are getting this from?  I would guess from Hannity or Tucker, not the news part though?
    idiot conservatives trying everything to blame everything on biden.  "Bidinflation". they're either incredibly stupid or disingenuous. 

    Or both and have been for quite some time.
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  • cutzcutz Posts: 11,829
    edited June 2022
    Can we talk about oil and gas prices?

    Why do people still think that Biden caused inflation and the high gas prices?!?
    I read an AP story yesterday and here's what they report:

    In Hong Kong & Norway you can pay over $10.00 a Gallon

    In Germany it can be around $7.50 and in France about $8.00 a Gallon

    Is that, any, U. S. Presidents fault too?
    Post edited by cutz on
  • Merkin BallerMerkin Baller Posts: 11,445
    I had a customer on the phone yesterday remark to me how nothing will happen about inflation until we get a new administration. 

    I was too tired to ask him what a new administration would be able to do about a global problem. 




    I'm so fucking tired
  • tempo_n_groovetempo_n_groove Posts: 40,350
    cutz said:
    Can we talk about oil and gas prices?

    Why do people still think that Biden caused inflation and the high gas prices?!?
    I read an AP story yesterday and here's what they report:

    In Hong Kong & Norway you can pay over $10.00 a Gallon

    In Germany it can be around $7.50 and in France about $8.00 a Gallon

    Is that, any, U. S. Presidents fault too?
    I had a customer on the phone yesterday remark to me how nothing will happen about inflation until we get a new administration. 

    I was too tired to ask him what a new administration would be able to do about a global problem. 




    I'm so fucking tired
    Amen.
  • static111static111 Posts: 4,889
    In 2008 oil rose to 132+ a barrel and gas maxed out at $3.80.  Today's current price is about $104 a barrel with an average US gallon of gas costing $4.92..What gives?  How is this not price gouging?
    Scio me nihil scire

    There are no kings inside the gates of eden
  • mickeyratmickeyrat Posts: 38,547
    static111 said:
    In 2008 oil rose to 132+ a barrel and gas maxed out at $3.80.  Today's current price is about $104 a barrel with an average US gallon of gas costing $4.92..What gives?  How is this not price gouging?

    what refineries are off line due to accident or maintenance? you must also account for demand. how many more cars and especially trucks and suv's are on the roads compared to then?  which isnt to say they arent gouging but we also have to factor that stuff in.
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    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
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    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • tempo_n_groovetempo_n_groove Posts: 40,350
    mickeyrat said:
    static111 said:
    In 2008 oil rose to 132+ a barrel and gas maxed out at $3.80.  Today's current price is about $104 a barrel with an average US gallon of gas costing $4.92..What gives?  How is this not price gouging?

    what refineries are off line due to accident or maintenance? you must also account for demand. how many more cars and especially trucks and suv's are on the roads compared to then?  which isnt to say they arent gouging but we also have to factor that stuff in.
    When you have the ability to uncap wells and turn the spigot on and you don’t because profits are so good, that’s a form of gouging. 

    There isn’t a shortage of oil and now the refineries are switching over not 6 months or 18 months ago when prices started to rise. 
  • static111static111 Posts: 4,889
    mickeyrat said:
    static111 said:
    In 2008 oil rose to 132+ a barrel and gas maxed out at $3.80.  Today's current price is about $104 a barrel with an average US gallon of gas costing $4.92..What gives?  How is this not price gouging?

    what refineries are off line due to accident or maintenance? you must also account for demand. how many more cars and especially trucks and suv's are on the roads compared to then?  which isnt to say they arent gouging but we also have to factor that stuff in.
    When you have the ability to uncap wells and turn the spigot on and you don’t because profits are so good, that’s a form of gouging. 

    There isn’t a shortage of oil and now the refineries are switching over not 6 months or 18 months ago when prices started to rise. 
    my conspiracy mind also says that the fossil fuel industry wants to make brandon look bad so he either capitulates and moves away from the green energy movement, or they get a more Fossil Fuel friendly administration in 2 years.  Unprovable of course.
    Scio me nihil scire

    There are no kings inside the gates of eden
  • mickeyratmickeyrat Posts: 38,547
    static111 said:
    mickeyrat said:
    static111 said:
    In 2008 oil rose to 132+ a barrel and gas maxed out at $3.80.  Today's current price is about $104 a barrel with an average US gallon of gas costing $4.92..What gives?  How is this not price gouging?

    what refineries are off line due to accident or maintenance? you must also account for demand. how many more cars and especially trucks and suv's are on the roads compared to then?  which isnt to say they arent gouging but we also have to factor that stuff in.
    When you have the ability to uncap wells and turn the spigot on and you don’t because profits are so good, that’s a form of gouging. 

    There isn’t a shortage of oil and now the refineries are switching over not 6 months or 18 months ago when prices started to rise. 
    my conspiracy mind also says that the fossil fuel industry wants to make brandon look bad so he either capitulates and moves away from the green energy movement, or they get a more Fossil Fuel friendly administration in 2 years.  Unprovable of course.

    I think it ends up accelerating the switch to ev, prob will be the infrastructure needed to power reliably and in ideal locations.
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • OnWis97OnWis97 Posts: 5,132
    static111 said:
    In 2008 oil rose to 132+ a barrel and gas maxed out at $3.80.  Today's current price is about $104 a barrel with an average US gallon of gas costing $4.92..What gives?  How is this not price gouging?
    Biden.
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  • OnWis97OnWis97 Posts: 5,132
    Regarding gas prices...I find it interesting that when oil companies jack up the prices everyone gets up in arms either at them or at elected officials.  Raise the rent 20%? That's just the market; people can always resort to living in shelters. Gas is expensive? That's unfair and I won't resort to any of several possibilities to save on my fuel consumption.

    Maybe it wasn't a good idea to put our entire economy into something that's both finite and market driven. In a sense, a century of cheap gas was one of the worst things to happen because it led to development patterns that have us driving everywhere, people thinking nothing of spending thousands extra for a vehicle that gets half the MPG of something that would serve their purpose just as well, and convenience-driven behavior based on the assumption that this finite resource is infinite.

    Go ahead and drill...but the resource remains finite and there are a lot of behaviors and technologies that should have been improved decades ago.
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  • OnWis97 said:
    Regarding gas prices...I find it interesting that when oil companies jack up the prices everyone gets up in arms either at them or at elected officials.  Raise the rent 20%? That's just the market; people can always resort to living in shelters. Gas is expensive? That's unfair and I won't resort to any of several possibilities to save on my fuel consumption.

    Maybe it wasn't a good idea to put our entire economy into something that's both finite and market driven. In a sense, a century of cheap gas was one of the worst things to happen because it led to development patterns that have us driving everywhere, people thinking nothing of spending thousands extra for a vehicle that gets half the MPG of something that would serve their purpose just as well, and convenience-driven behavior based on the assumption that this finite resource is infinite.

    Go ahead and drill...but the resource remains finite and there are a lot of behaviors and technologies that should have been improved decades ago.
    how can it be a finite resource if there's no such thing as fossils? they just fuels, man! 
    new album "Cigarettes" out Spring 2025!

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  • brianluxbrianlux Posts: 42,012
    This subject very much seems to be relevant again where I live and I'm wonder if the same is true else where.  I'm noticing a lot of items running low or not available and stores understaffed.  Examples:
    Our grocery store is way understaffed.
    My dentist today said the were very low on certain supplies for their office.
    Haven't been able to get peanuts in shells for my wife lately.
    The pharmacy was our of a few things I was looking for today.
     TP and tissues are in three stores here.

    Maybe it's just a local thing.  What about your way?


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  • ZodZod Posts: 10,585
    static111 said:
    In 2008 oil rose to 132+ a barrel and gas maxed out at $3.80.  Today's current price is about $104 a barrel with an average US gallon of gas costing $4.92..What gives?  How is this not price gouging?

    I think during the last big drop in oil prices that energy companies realized the money's in gas and not in oil so margins for refineries went up.

    In addition there's the current challenge that refineries are expensive, cost about 10 billion dollars and generally take something like 50 years to pay off.   With the whole clean energy movement, and the push to burn less fossil fuels, I think it's getting almost impossible to justify building new refineries. Sure there's demand for it now, but will there continue to be demand 20 to 30 years down the road to pay it off kind of thing.

    From what I've read a handful of refineries were decommissioned over the past few years, and few were converted to refine other things, and the refining capacity is lower than it was before covid.  It's been a long while since new gas refineries were built in Canada or the US :(


  • Way to contribute to the supply chain issue, rocket scientist.

    Arizona stacks shipping containers along the border | CNN
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  • Way to contribute to the supply chain issue, rocket scientist.

    Arizona stacks shipping containers along the border | CNN
    I thought they should have done this in 2009 when we had an abundance of them.
  • I am now paying 33% more for my groceries.  This has to do with fuel prices I guess and inflation?  

    My usual bill was around 200 or so.  I am now at almost $300.
  • I am now paying 33% more for my groceries.  This has to do with fuel prices I guess and inflation?  

    My usual bill was around 200 or so.  I am now at almost $300.
    Eat less and work harder, you lazy SOB.

    Critical to a well-oiled economy, productivity is also the ultimate driver of standards of living: Higher productivity eventually translates to more goods and services available at a lower cost, and increased wages for workers, meaning higher productivity also combats inflation.

    Rising productivity is a key lever against inflation, as workers producing more with less allows for relief from rising prices.

    Gift article:

    https://wapo.st/3Doghrn
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  • I am now paying 33% more for my groceries.  This has to do with fuel prices I guess and inflation?  

    My usual bill was around 200 or so.  I am now at almost $300.
    Eat less and work harder, you lazy SOB.

    Critical to a well-oiled economy, productivity is also the ultimate driver of standards of living: Higher productivity eventually translates to more goods and services available at a lower cost, and increased wages for workers, meaning higher productivity also combats inflation.

    Rising productivity is a key lever against inflation, as workers producing more with less allows for relief from rising prices.

    Gift article:

    https://wapo.st/3Doghrn
    I need to stop buying organic...  I'll wash my strawberries from now on jeeze...
  • https://oilprice.com/Energy/Energy-General/The-US-Diesel-Shortage-Is-Worsening.html

    Well now.  Let's scare everyone into thinking we are running out of Diesel...
  • I am now paying 33% more for my groceries.  This has to do with fuel prices I guess and inflation?  

    My usual bill was around 200 or so.  I am now at almost $300.
    Eat less and work harder, you lazy SOB.

    Critical to a well-oiled economy, productivity is also the ultimate driver of standards of living: Higher productivity eventually translates to more goods and services available at a lower cost, and increased wages for workers, meaning higher productivity also combats inflation.

    Rising productivity is a key lever against inflation, as workers producing more with less allows for relief from rising prices.

    Gift article:

    https://wapo.st/3Doghrn
    I need to stop buying organic...  I'll wash my strawberries from now on jeeze...
    Hipster strawberries? Gotta get the petouli oil off.
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  • I am now paying 33% more for my groceries.  This has to do with fuel prices I guess and inflation?  

    My usual bill was around 200 or so.  I am now at almost $300.
    Eat less and work harder, you lazy SOB.

    Critical to a well-oiled economy, productivity is also the ultimate driver of standards of living: Higher productivity eventually translates to more goods and services available at a lower cost, and increased wages for workers, meaning higher productivity also combats inflation.

    Rising productivity is a key lever against inflation, as workers producing more with less allows for relief from rising prices.

    Gift article:

    https://wapo.st/3Doghrn
    I need to stop buying organic...  I'll wash my strawberries from now on jeeze...
    Hipster strawberries? Gotta get the petouli oil off.
    HA!  I'd never/have never wear patchouli.  That shit'll kill ya.
  • tempo_n_groovetempo_n_groove Posts: 40,350
    I think it's safe to say that we don't have a "supply chain" issue anymore.

    So why in the hell are car prices so high and companies not making as many?

    Greed.

    Why else would there be no cars on the lots?  Just make fewer and sell them for more.  It's an amazing tactic and why I'll drive my truck into the ground.

    Thoughts?

    https://jacobin.com/2023/06/inflation-prices-profits-car-dealerships-controls
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