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You are correct. It is indeed supply and demand

Posted on: October 7, 2021 at 12:33:21 CT
KC rules MU
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Biden's policy has nothing to with rising prices. They are irrelevant in the short term. Low prices during covid curtailed production and all but put an end to new drilling. Because most US production is now from rapidly depleting unconventional wells, you just cannot turn back on production. New wells have to be drilled, fracture stimulated, cleaned up and put on line. That takes time. Prices will rise until production catches up with demand. There will be a short term boom in the energy industry.

The Keystone pipeline would not be delivering oil at this point anyway and if it was in place, Canadians would have to boost their production to bring it up to capacity. Very little US onshore production comes from federal land. Offshore federal leases have no restrictions.
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$100 oil talk pushes Department of Energy into panic mode - Spanky KU - 10/7 12:13:58
     oh no! government must DO SOMETHING! (nm) - ashtray UF - 10/7 13:16:37
     what is the petrol and natural gas situation in the UK? - Ace AU - 10/7 12:43:47
          Has UK demand spiked to pre-pandemic levels?(nm) - Spanky KU - 10/7 12:54:23
               has the supply - JayHoaxH8r MU - 10/7 13:09:26
                    It is a supply side problem... not a demand side issue(nm) - Spanky KU - 10/7 13:13:31
                         it's both - JayHoaxH8r MU - 10/7 13:16:31
                              Demand is down vs pre-pandemic years(nm) - Spanky KU - 10/7 13:22:15
                                   So is supply - JayHoaxH8r MU - 10/7 13:24:39
                                        Supply is down due to Biden's actions, dumb@$$ - Spanky KU - 10/7 13:28:01
                                             That is not true at all - KC rules MU - 10/7 13:42:52
                                             yep, Biden controls OPEC (nm) - ashtray UF - 10/7 13:29:56
                                                  Biden controls domestic production that impacts - Spanky KU - 10/7 13:30:54
                                                       he controls domestic production? - ashtray UF - 10/7 13:38:59
                                                            "The track record of killing the Keystone Pipeline, the - Spanky KU - 10/7 13:45:50
                                                                 Who wrote that? - JayHoaxH8r MU - 10/7 14:08:43
                                                                 sounds like something an oil industry hack would say - ashtray UF - 10/7 13:50:37
                                                            Spanked is tiggrrrr-ing it today - JayHoaxH8r MU - 10/7 13:43:01
                                                       no - JayHoaxH8r MU - 10/7 13:38:19
                                   nice Pirouette! (nm) - ashtray UF - 10/7 13:24:00
               thanks for admitting you're full of shyt - Ace AU - 10/7 12:58:22
                    Keep dancing.(nm) - Spanky KU - 10/7 13:13:47
          Biden's fault - JayHoaxH8r MU - 10/7 12:53:25
     Simple solution.. in home nuclear reactors. - TigerMatt STL - 10/7 12:37:53
     No wonder you didn't provide a link - JayHoaxH8r MU - 10/7 12:35:55
     oh, well. this is what you get supporting fascism - pickle MU - 10/7 12:32:38
          LMAO. There is no point arguing with you when you - SparkyStalcup MU - 10/7 12:34:56
     But it's not Biden's fault. - Tigrrrr! MU - 10/7 12:23:10
          That Trump guy did it again - mu7176grad MU - 10/7 12:25:48
               Nah gotta be Biden - JayHoaxH8r MU - 10/7 12:44:43
     It's demand dummy - JayHoaxH8r MU - 10/7 12:20:04
          You are correct. It is indeed supply and demand - KC rules MU - 10/7 12:33:21
          Basic economics are not your forte is it. - TGR84 MU - 10/7 12:29:24
          It's supply and demand. The market was glutted early in the - SparkyStalcup MU - 10/7 12:26:01
               It’s a much easier & quicker pivot when you are - Zoutastic MU - 10/7 12:56:51
                    Not sure why that would be the case - KC rules MU - 10/7 13:07:26
                         RE: Not sure why that would be the case - Zoutastic MU - 10/7 13:12:28
               Well said but it's more than just production catching up to - KC rules MU - 10/7 12:41:38
                    No question about it. Add in that child care is still such - SparkyStalcup MU - 10/7 12:46:05
                         RE: No question about it. Add in that child care is still such - KC rules MU - 10/7 12:53:03
               Correct - mizzouSECedes STL - 10/7 12:30:38
          You’re a spectacular moron.(nm) - Zoutastic MU - 10/7 12:24:56
               wondered how long til MU98 showed up (nm) - pickle MU - 10/7 12:35:23
                    You better keep your stop watch running then - Zoutastic MU - 10/7 12:52:31
          False - Spanky KU - 10/7 12:24:29
               where's 2021? - JayHoaxH8r MU - 10/7 12:37:18
                    Do you think the economy has recovered to pre-pandemic - Spanky KU - 10/7 12:42:26
                         I'm sure demand is up - JayHoaxH8r MU - 10/7 12:43:36
                              he's good at leaving out data that proves him wrong - ashtray UF - 10/7 13:10:01
                                   To be fair to him - JayHoaxH8r MU - 10/7 13:13:10
                                        no, he does it deliberately - ashtray UF - 10/7 13:17:57
                              the graph stopped because 2021 is in progress - Spanky KU - 10/7 12:58:31
                                   but way above 2020 and - JayHoaxH8r MU - 10/7 13:06:07
          Keep banging that drum (nm) - Tigrrrr! MU - 10/7 12:23:35




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