The Biden Pause -- A Pause Most Unfortunate -- March 3, 2024

Locator: 46666LNG.

Remember: "everything everywhere all at once.”

Qatar: taking huge advantage of the Biden pause.

Link here.

Qatar: reliable.

US: not.

Sunday Morning Coming Down — Literally — March 3, 2024

Locator: 46657SNOW.

 https://twitter.com/search?q=%22Donner%20Pass%22&src=trend_click&vertical=trends

And then this:

Never forget! "Polarized" cap? What the heck is that? 

Shortest driving route through all 48 lower states: link here. It would be nice to see locations off EV charging points along this route:

The Comics -- Januuary 15, 2024

Locator: 46547DOOFUS.

I kinda wish he would hang around. What a doofus.  He steps down this year to join Biden's re-election campaign. 

... as bad as ISIS but maybe not as bad as the Houthis.

CREEP. Campaign to re-elect an elderly president.

And, then, "how bout them Cowboys?"

Legacy Fund -- Deposits -- November, 2023

Locator: 46326B.

Link here.

Link here. For an oil play that was nothing but hype and a little oil, North Dakota's Legacy Fund has done very, very well.

I wonder: whatever happened to Jane?

I Need A New Tag For BP -- Doing This For Twenty-Three Years -- February 3, 2023

Link here. 

Link here.

BP: oops, we did it again!

Oil's pipe dream. 

Projections: BP or XOM?

Why I haven't wasted time posting BP's projections. 

I doubt they did this on their renewables.

BP's prediction in 2020 of peak oil demand was wrong.

BP goes green. Two years ago.

BP's failed renewable energy predictions.

Transition to renewable energy won't lead to lower energy prices -- BP.

Forbes, August 4, 2020:

prwatch, May 3, 2010:

They've been doing this for twenty-three years and still aren't making money? ! ? ! -- LOL.

Nominee For The 2017 Geico Rock Award -- July 23, 2017

Updates

This banner appeared shortly after Senator Schumer made some of the most ridiculous comments ever made in the history of political interviews. I find it amazing that Americans do not thank the oil companies for doing what they do. (The arrow points out that US gasoline is at a 12-year low; six months into the Trump presidency.)

What a doofus
Original Post

Unless you've been under a rock for the past year, you know that US gasoline prices are at record lows. 

Apparently, at least one "celebrity" has been under the Geico Rock for at least the past year.

From grabiennews.com:

Even as gas prices have fallen to the lowest point in years under President Trump, Senate Minority Leader is claiming the price of petrol has only gone up.

The nationwide price for gas closed the week of July 17th at $2:39/gallon, down from $2.47/gallon when Trump took office.

Over the July 4th holiday weekend, gas prices were at their lowest point since 2005, according to the AAA.

"At $2.23, today’s average national gas price is the cheapest the country has seen all year," AAA reported. "On the week, gas prices fell in 46 states. Only Illinois, Oklahoma and Washington, D.C. saw prices increase, albeit by one cent each, while Hawaii and Maine remained flat. South Carolina continues to carry the cheapest gas in the country at $1.90. Today, consumers can find gas for $2.00 or less at one out of every four gas stations in the country."

Chuck Schumer, appearing on This Week with George Stephanopoulos, claimed Sunday the prices are only rising, thanks to "huge companies buying up other big companies."

"Gas prices are sticky -- you know, when the domestic price goes, uh, when the, uh, price for oil goes up on the markets, it goes right up but it never goes down.," Schumer said. "How the heck did we let Exxon and Mobil merge?"

Schumer also appeared confused over the "sticky prices" economic theory, as gasoline is cited by the Federal Reserve as an example of prices that aren't "sticky."

Can you imagine if Hillary were president with Maxine as vice-president; and, Schumer and Pelosi were in charge of Congress? Wow. 

Show The Frackers A Little Gratitude -- Investor's Business Daily -- July 8, 2017

From IBD:

Less than 10 years ago, America's energy future looked bleak.

World oil prices in 2008 had spiked to more than $100 per barrel of crude.

"Peak oil" — the theory that the world had already extracted more crude oil than was still left in the ground — was America's supposed bleak fate. Ten years ago, rising gas prices, spiraling trade deficits and ongoing war in the oil-rich Middle East only underscored America's precarious dependence on foreign sources of oil.

Despite news of a radically improved but relatively old technology called "fracking" — drilling into shale rock and injecting water, sand and chemicals at high pressure to hydraulically "fracture" the rock and create seams from which petroleum and natural gas are released — few saw much hope.

In 2012, when gas prices were hitting $4 a gallon in some areas, President Obama admonished the country that we "can't just drill our way to lower gas prices." That was a putdown of former Alaska governor and vice presidential nominee Sarah Palin's refrain, "Drill, baby, drill."

Obama barred new oil and gas permits on federal lands. Steven Chu, who would become secretary of energy in the Obama administration, had earlier mused that gas prices might ideally rise to European levels (about $10 a gallon), thereby forcing Americans to turn to expensive subsidized alternative green fuels.

But over the last five years, frackers have refined their craft on private properties, finding ever cheaper and more efficient ways to extract huge amounts of crude oil and natural gas from shale rock.

Much more at the link.

And some folks think Rick Perry is a doofus. Re-posting: "Steven Chu, who would become secretary of energy in the Obama administration, had earlier mused that gas prices might ideally rise to European levels (about $10 a gallon), thereby forcing Americans to turn to expensive subsidized alternative green fuels."

Flashback -- Worth Re-Posting -- June 28, 2017

From January 22, 2015 -- I had completely forgotten all about this story; a reader reminded me of it.

Harold Hamm sells Hiland Partners to Kinder Morgan for $3 billion.

Kinder Morgan Inc. announced Wednesday it has struck a deal to buy the company, which is owned by Continental Resources Inc. CEO Harold Hamm and some family trusts. It also will assume the Enid company’s debt.

Hiland had been a publicly traded company until Hamm bought all outstanding units in 2009. It owns oil and natural gas gathering, transportation and processing pipelines in the Bakken Shale in North Dakota and Montana.

Kinder Morgan said the Hiland deal gives it a premier midstream platform in the Bakken, with a significant amount of acreage dedicated under long-term gathering agreements with companies such as Continental, XTO Energy Inc. and Whiting Petroleum Corp.
Some readers have followed the Harold Hamm story from the beginning: a good ol' boy who started life as a trucker hauling water out of the oil fields.

Some readers have followed the Harold Hamm story from the beginning: a good ol' boy who started life as a trucker hauling water out of the oil fields.

Some would say he built these businesses: CLR and Hiland Partners.

And then there are others who would say he didn't.

What A Doofus   And folks get upset about President Trump's tweets. LOL.

(In hindsight, I am surprised by all the folks in the mainstream media that had to come out to "defend" the previous president. Thank God and Greyhound there are term limits.)

Thank God and Greyhound, Roy Clark