Oil up another $11 a barrel tonight . Demand a 5-10% bump in your contract

We have not yet quit buying Russian Oil (as of this morning), Opec hasn't cut production nor have we (recently) so why has gas being going up?

The same reason that real estate prices go up in a city where a big company announces future expansion(and more good jobs) even though the jobs don't exist yet.
 
It's easy to blame the Keystone Pipeline but, while it definitely plays its part, I don't think it's a direct cause of the recent jumps. Pandemic life saw a drop in the need for gas and, like every other supply chain, producers cut back on production. Now we're in the process of coming out of the pandemic and people are commuting again, which creates a need for gas where there is now less of a supply. On top of that, now the supply from one of the world's largest oil exporters is disrupted and we're just seeing the price respond to that.

As much as I'd like to blame Biden, the recent jump is primarily due to coming out of the pandemic and the Ukraine crisis.
 
It's easy to blame the Keystone Pipeline but, while it definitely plays its part, I don't think it's a direct cause of the recent jumps. Pandemic life saw a drop in the need for gas and, like every other supply chain, producers cut back on production. Now we're in the process of coming out of the pandemic and people are commuting again, which creates a need for gas where there is now less of a supply. On top of that, now the supply from one of the world's largest oil exporters is disrupted and we're just seeing the price respond to that.

As much as I'd like to blame Biden, the recent jump is primarily due to coming out of the pandemic and the Ukraine crisis.


Now you done dun it!!

Inserted reason into a good ole tin foil hat wearing, right wing conspiracy theory!!​
 
It's easy to blame the Keystone Pipeline but, while it definitely plays its part, I don't think it's a direct cause of the recent jumps. Pandemic life saw a drop in the need for gas and, like every other supply chain, producers cut back on production. Now we're in the process of coming out of the pandemic and people are commuting again, which creates a need for gas where there is now less of a supply. On top of that, now the supply from one of the world's largest oil exporters is disrupted and we're just seeing the price respond to that.

As much as I'd like to blame Biden, the recent jump is primarily due to coming out of the pandemic and the Ukraine crisis.


Sure there would be a bump I agree

But it would not be anywhere near where we are heading now
 
It's easy to blame the Keystone Pipeline but, while it definitely plays its part, I don't think it's a direct cause of the recent jumps. Pandemic life saw a drop in the need for gas and, like every other supply chain, producers cut back on production. Now we're in the process of coming out of the pandemic and people are commuting again, which creates a need for gas where there is now less of a supply. On top of that, now the supply from one of the world's largest oil exporters is disrupted and we're just seeing the price respond to that.

As much as I'd like to blame Biden, the recent jump is primarily due to coming out of the pandemic and the Ukraine crisis.

True...sort of. If there wasn't a such push in the US to rush away from fossil fuels, the US would have less dependence on foreign energy. If the US was less dependent on foreign energy, things like the situation with Russia/Ukraine wouldn't have as much of an effect here.
 
True...sort of. If there wasn't a such push in the US to rush away from fossil fuels, the US would have less dependence on foreign energy. If the US was less dependent on foreign energy, things like the situation with Russia/Ukraine wouldn't have as much of an effect here.

It shouldn't have much of an effect now. They supply 3% of our oil. We could easily make up that difference on our own.

There is no way that 3% is causing this much of an increase. It's gouging at it's finest!
 
It shouldn't have much of an effect now. They supply 3% of our oil. We could easily make up that difference on our own.

There is no way that 3% is causing this much of an increase. It's gouging at it's finest!

That's just crude oil; we also import gasoline, though that's not a huge portion of the issue either.

But other countries import far more from Russia, and with the potential for that to stop, that leaves an outlook of a lot of people chasing a lot less oil...and future outlook has a major effect on current prices.
 
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