Posts Made By: Mel Maki

Originally Posted by James Lacey

Mel,

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m

We cannot drill our way out of this problem. The US cannot produce enough oil to make us energy independent. If OPEC were to increase its production, gas prices would drop soon. Only OPEC has a spigot large enough to control gas prices.

Here are US oil production numbers along with gas prices at the time. As you can see, our oil production does not correlate with gas prices. There is much more going on that affects gas prices besides domestic production.

Pre-COVID:

We peaked at 12,910 thousand barrels per day in December 2019. Gas was $2.34 per gallon.

Height of COVID:

We bottomed out at 9,711 thousand barrels per day in May of 2020. Gas was $1.96 per gallon. Note that gas was cheaper, despite a 1/3 drop in production!

Today:

In the last four months available (Nov. Dec. 2020, and Jan. Feb. 2021), the average is 11,512 thousand barrels per day. Over those same four months, the gas price average was $3.48 per gallon. Production is down from its peak by only 10.8%, but gas prices are up by almost 50% from the peak oil production in Dec. 2019.

Originally Posted by Rod Kaufman

And that's why you should vote no against Republicans who voted no on gas gouging! They don't think there's enough gouging!

Originally Posted by Rod Kaufman

Here's Victor David Hanson on a Fox show entitled, "Hillary Clinton is the connection to all Trump-Russia lies" (must have taken time off for writing for the Epoch Times):
https://video.foxnews.com/v/6306562232112#sp=show-clips
Hillary is "the nexus" of all of this! Maybe he'll get to the bottom of Hillary's emails, too! Ya gotta listen to the wacko conspiracy theory!...