Good news: Gas may go down by a dime!
Bad news: You have to drive to Nebraska to get the gas.
The White House has argued that the use of E15 can shave 10 cents off each gallon of gasoline. E15 is currently sold in 30 states at more than 2,300 gas stations, the Energy Department has said, but that is just a fraction of the more than 150,000 gas stations in the United States.
Brandon is doing everything he can to counter Putin's price hike - everything except drill for oil. Gosh darn it, it's just not his fault.
The dotted line is Putin's invasion of Ukraine.
— Brad Polumbo 🇺🇸⚽️ 🏳️🌈 (@brad_polumbo) April 11, 2022
Oh, wait, it's not.
It's Biden's inauguration. pic.twitter.com/4JYsxGBqDd
2 comments:
Brandon is doing everything he can to counter Putin's price hike - everything except drill for oil. Gosh darn it, it's just not his fault.
Yup.
https://www.npr.org/2022/03/19/1086925726/gas-prices-oil-crude-drilling
In the last few years, investors have been making clear to oil producers that they should not sink money into additional drilling in pursuit of the next oil boom. Instead, they want companies to pay back investors.
Exploration and production companies have responded by recording explosive dividend growth. According to the Morningstar U.S. Market Index, the average dividend in dollars per share has grown from $14 in 2018 to $40 in 2021, an increase of more than 180%.
"Energy companies were very afraid to ramp production because they were going to get punished by investors," said Stacey Morris, of data provider Alerian.
And it's those same investors that may now prevent oil companies from boosting production too much, even as others push for a "drill, baby, drill" approach.
That darned investment capitalism! Why do "conservatives" hate it so?
Biden in his own words running for President:
"You don't have to agree, but I want you to look into my eyes,” Biden said. “I guarantee you, we're going to end fossil fuels.”
https://www.washingtonpost.com/politics/paloma/the-trailer/2019/09/10/the-trailer-the-fracking-conversation-making-swing-state-democrats-nervous/5d7674b5602ff171a5d734d3/
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