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Responses: 4
Lt Col Charlie Brown
8
8
0
We need to start pumping our own again
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Lt Col John (Jack) Christensen
Lt Col John (Jack) Christensen
2 mo
Uh, we are and at record levels!
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SP5 Dennis Loberger
5
5
0
Not exactly, the price of crude oil and subsequently gas is going up
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Lt Col John (Jack) Christensen
Lt Col John (Jack) Christensen
2 mo
Gas prices are at record lows and trending downward. $3.08 per gal for regular when I filled up on Monday.
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SP5 Dennis Loberger
SP5 Dennis Loberger
2 mo
Lt Col John (Jack) Christensen Gas, long term is trending down. The price of crude oil has risen almost 10% to $78 so far as a result of the increasing Mideast dispute.
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PO1 William "Chip" Nagel
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SP5 Dennis Loberger
SP5 Dennis Loberger
2 mo
PO1 William "Chip" Nagel There is a time lag between the purchase of crude and the production of gas. There was discussion of Israel hitting oil fields. If that doesn't happen price increases will be not happening at our end
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MSG Stan Hutchison
1
1
0
For our nay-sayer LTC Brown:
"U.S. crude oil production averaged 13.3 million barrels per day (b/d) in December 2023, following sustained productivity increases at new wells, according to our latest Petroleum Supply Monthly (PSM). U.S. crude oil production has increased to record highs since 2010 and has risen even more quickly in recent months. These record highs have come despite declining U.S. drilling activity because the new wells are more efficient."

https://www.eia.gov/todayinenergy/detail.php?id=61523
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