ragincajun03

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He's said in the past he thought mid $70's (WTI) was the sweet spot and most everyone I know in O&G agrees.

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The President has said he wants oil at $50. But yes, I agree mid 70s would be a nice sweet spot, though that doesn’t appear to be what he was aiming for.

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I'm not paying $50M a year to build 40 sq miles of land 50 years

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Is there a link to your above clips that cite the $50 Million a year? Something from the LA Budget Office or the like?

No and no.

And for God’s sake, don’t dump a bunch of cream of mushroom and melt sliced cheese in it like some people I know.

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That’s called smart contingency as a business run solidly would do this. A corporation has to do that

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Exactly, so I don’t know why some on here are getting their panties twisted over the fact there’s a report that sources are saying the Administration is running through plans for this.

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The previous administration was intentionally sabotaging oil industry to push EVs

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At first…but then they started begging us to ramp up production and kept accusing industry of intentionally holding back to make “record profits”, despite the fact we were pumping out more oil in the history of the United States.

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The motto of 2025/6 - Any excuse to raise prices will do

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The overall cost per barrel of oil, whether domestic or international barrels, increase because it's a globally traded commodity. If countries and/or refineries who are dependent on imports can't get the Saudi/UAE based crude, then they're going to pay a premium to supplement and outbid others for the Brent and WTI crudes.

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A new poll finds Americans' concern about gas prices and whether energy would be available or affordable did not rise much during the early weeks of the Iran war.

Newly released Gallup numbers show the percentage of U.S. adults who said they worried "a great deal" about the availability and affordability of energy (35%) had not moved from the same time last year.

Additionally, the 43% of Americans who worried the nation faced a critical energy shortage in the next five years was lower than during other periods of high gas prices.

The poll offers a glimpse of American sentiment during the early stages of the war. Gallup noted that the survey began two days after the United States and Israel went to war with Iran. Over the past month, the cost of gas has risen approximately one dollar per gallon and much of the shipping through the Strait of Hormuz has been disrupted.

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The last time gasoline prices spiked in the U.S., nearly half of Americans acknowledged having a great deal of worry over energy costs and availability.

The 47% peak recorded at that time, in 2022, matched similar times drivers were experiencing pain at the pump, Gallup said, pointing to examples in 2006, 2008, and 2011. When gas prices are low, that number can fall below the 30% mark.

When researchers asked respondents what they thought was the most important problem facing the nation, only two percent said gas prices.

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While the two percent number is higher than the half-percent mark where gas prices had been trending, it is still very far behind the leading issues: government (15%), the economy (14%), immigration (14%), and inflation (10%).

Noting how the concern about the United States’ energy situation has not risen to a similar degree to previous spikes in fuel costs, Gallup researchers postulated that "it is possible that many Americans expect the energy price disruptions to be temporary, so they are not concerned about any short-term impact."

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LINK

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All Presidents should have their sig on currency.

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First sitting US President, though, I believe.

We all know the guy loves attention and adoration like a 16 year old girl. That's why it was smart for that State Legislator out of Baton Rouge to propose naming the new bridge over the Mississippi after President Trump. It'll likely cause the President to do everything he can to ensure significant federal funding for the project.

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We could always go back to complaining about tariffs.

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Or crawfish prices.

LINK