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  #301  
Old 08-04-2022, 05:15 PM
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Originally Posted by Swampy Meadows View Post
This isn’t Faux News—you have to show your work. Please cite five instances where Biden has said this. Not the media or some opinion piece, Biden.
Posted via Mobile Device
Not sure about five instances, and who cares how many, but I heard him say in a speech that he is restricting oil and gas because it will help us in the long run do away with fossil fuels and turn to green energy. He also said in the campaign that he would do away with fossil fuels, and yes, I heard that.

Read this article, as it cites fact after fact of what Biden has done and what the results are, such as, "Offshore, the Biden administration has not completed a single lease sale. In contrast, Trump held eight in his single term and former President Barack Obama held 29 lease sales in his two terms."

https://www.heritage.org/energy-econ...ericans-dearly
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  #302  
Old 08-04-2022, 06:05 PM
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Once again jack can you read? The article I posted said production is UP not down. BS Facebook posts seem to be the culprit.

“Not sure about five instances” then why state he said it five times???

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Last edited by Swampy Meadows; 08-04-2022 at 06:13 PM..
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  #303  
Old 08-04-2022, 06:43 PM
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Backlash as Biden Says High Gas Prices Are Part of 'Incredible Transition'

https://www.newsweek.com/backlash-bi...sition-1709401

Under Biden we went from being oil production self-sufficient to being oil dependent on Saudi Arabia and Venezuela, not to mention Biden is using up our strategic oil reserves besides selling them off to China.
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  #304  
Old 08-04-2022, 07:49 PM
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Mich, the US is not selling strategic oil reserves to China. They are auctioned off and sold to the highest bidder. Fact check:

https://www.factcheck.org/2022/07/u-...ing-companies/

About 1 million barrels of crude oil from the reserve are being made available each day for sale to the highest bidding company. Some of the companies have then chosen to export some of the oil to countries around the world, including China.

Keep that Faux News BS to yourself.
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  #305  
Old 08-04-2022, 07:55 PM
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Originally Posted by Swampy Meadows View Post
Mich, the US is not selling strategic oil reserves to China. They are auctioned off and sold to the highest bidder. Fact check:

https://www.factcheck.org/2022/07/u-...ing-companies/

About 1 million barrels of crude oil from the reserve are being made available each day for sale to the highest bidding company. Some of the companies have then chosen to export some of the oil to countries around the world, including China.

Keep that Faux News BS to yourself.
Yes, we are using up and selling off the strategic reserves. Keep your BS to yourself.

And your feeble leader got Backlash as Biden Says High Gas Prices Are Part of 'Incredible Transition'

https://www.newsweek.com/backlash-bi...sition-1709401
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  #306  
Old 08-04-2022, 08:01 PM
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Originally Posted by Mich Flyer View Post
Yes, we are using up and selling off the strategic reserves. Keep your BS to yourself.
What BS? You said we are selling oil to China. We're not. We are auctioning it off to increase the available supply and the winning companies are then exporting to wherever, including China. Biden has no control over who the winning bidders sell the oil to.
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  #307  
Old 08-04-2022, 08:23 PM
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Originally Posted by Swampy Meadows View Post
What BS? You said we are selling oil to China. We're not. We are auctioning it off to increase the available supply and the winning companies are then exporting to wherever, including China. Biden has no control over who the winning bidders sell the oil to.
Yes, the strategic oil went to China. Yes, Biden is selling it off. Yes, he deserves some responsibility for it going to China. No, we are not increasing the strategic oil supply. In the fall Biden wants to put some oil back in the reserve, but it is only about a third of what was taken out. We are depleting it. Yes, Biden is buying oil from Venezuela and Saudi Arabia instead of producing what we use in the US. Under Trump we were oil independent. Now we are dependent on foreign oil.
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  #308  
Old 08-04-2022, 08:44 PM
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Originally Posted by Mich Flyer View Post
Under Trump we were oil independent. Now we are dependent on foreign oil.
Mich, you are keeping the fact checkers in business.

Despite claims of Trump-era 'energy independence,' the US never stopped importing foreign oil

https://www.cnn.com/2022/03/15/polit...eck/index.html

The United States never stopped importing energy from foreign countries under President Donald Trump.

Both before and after Russia's invasion of Ukraine contributed to a spike in US gas prices, various Republicans bashed President Joe Biden for supposedly abandoning Trump-era "energy independence." These Republicans have fostered the impression that the "energy independent" US did not need energy from Russia and elsewhere under Trump, but then, under Biden, has been forced to buy this foreign energy once more.

The truth is that the US was never close to genuine independence from foreign energy in the Trump era.

"Energy independence" is a political phrase, not a literal phrase. Despite how Trump and others have made it sound, it does not mean the US was ever going it alone.
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  #309  
Old 08-04-2022, 08:50 PM
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Originally Posted by Swampy Meadows View Post
Mich, you are keeping the fact checkers in business.

Despite claims of Trump-era 'energy independence,' the US never stopped importing foreign oil

https://www.cnn.com/2022/03/15/polit...eck/index.html

The United States never stopped importing energy from foreign countries under President Donald Trump.

Both before and after Russia's invasion of Ukraine contributed to a spike in US gas prices, various Republicans bashed President Joe Biden for supposedly abandoning Trump-era "energy independence." These Republicans have fostered the impression that the "energy independent" US did not need energy from Russia and elsewhere under Trump, but then, under Biden, has been forced to buy this foreign energy once more.

The truth is that the US was never close to genuine independence from foreign energy in the Trump era.

"Energy independence" is a political phrase, not a literal phrase. Despite how Trump and others have made it sound, it does not mean the US was ever going it alone.
CNN? Are you kidding?
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  #310  
Old 08-04-2022, 08:50 PM
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Originally Posted by Fudd View Post
Shut down? No he does not have the power to shut down. He has used his power to restrict.

CRUDE OIL PRODUCTION IN UNITED STATES



Swampy, do you deny that Biden is following the wishes of the Green New Deal portion of the Democratic Party to reduce domestic oil production as much as his influence allows?
This graph says it all. Wow. Oil production took a nosedive once Biden took over.

From almost 13,000 to 10,000 almost overnight.
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  #311  
Old 08-04-2022, 09:46 PM
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$5.00 a Gallon By Labor Day?

Former oil exec warns recession comes alongside energy crises: 'Gas will exceed $5 again' soon. The former CEO of Cumberland Farms Gulf Oil Group argues gas prices will hit above $5 by Labor Day Weekend after the AAA lists today's national average as $4.21 per gallon.

https://www.foxbusiness.com/energy/f...ars-again-soon
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  #312  
Old 08-04-2022, 09:48 PM
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I like my chart better.



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  #313  
Old 08-04-2022, 10:24 PM
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The reason that we continue to import oil, even when we are producing tons of energy, is that we have not built a significant refinery since the 70's. Our refineries were built to refine middle eastern crude. A lot of what we produce, we cannot refine. So, even though we continued to import some gasoline, we were exporting lots of energy under Trump. Production was way up. It's time to build another refinery that refines domestic crude oil, but the Green New Deal people will have an absolute fit over that. We are natural gas rich, so we need to gear ourselves to use that resource. It's cleaner than the alternatives. But for some inexplicable reason, the Liberals hate natural gas too. Don't they know what charges electric vehicles?

Last edited by Fudd; 08-05-2022 at 08:58 AM..
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  #314  
Old 08-04-2022, 11:02 PM
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Originally Posted by Mich Flyer View Post
Former oil exec warns recession comes alongside energy crises: 'Gas will exceed $5 again' soon. The former CEO of Cumberland Farms Gulf Oil Group argues gas prices will hit above $5 by Labor Day Weekend after the AAA lists today's national average as $4.21 per gallon.

https://www.foxbusiness.com/energy/f...ars-again-soon
I don't believe that, feels like we are headed to $3/gallon rather than $5/gallon. We were just at $4.50 or so not too long ago.
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  #315  
Old 08-04-2022, 11:34 PM
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Originally Posted by ud2 View Post
I don't believe that, feels like we are headed to $3/gallon rather than $5/gallon. We were just at $4.50 or so not too long ago.
Gas prices may surge again ahead of midterm elections. As new sanctions threaten to choke global oil supply, the White House scrambles to contain potential fallout.

https://www.washingtonpost.com/busin...ease-midterms/

Opinion: Gas prices are headed to $6 by Labor Day — here are the main reasons for that.

https://www.marketwatch.com/story/ga...hy-11655732942
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  #316  
Old 08-05-2022, 11:47 AM
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Originally Posted by Chris R View Post
I invest the Exxon dividends (about 80 cents a share) into better performing stocks or just hold it as cash for diversification which is more often the case. Of course that's after paying tax on them. Maybe $100 a quarter before tax is paid. its really not much to speak of. My American Financial pays $2 divvies every quarter and gave out a special $8 divvy this year and a whopping $14 divvy last year. Now that's real money. The stock itself still performs well however.

If you have to champion a stock's dividend, its probably not a good stock. The first income engine should always be the stock price because thats where your money is tied up. The dividend should be a cherry on top.

Most of my money is tied up in my 401(k); with a 50% company match on whatever I put in, I can't justify putting my money anywhere else short of having more to put away for retirement than I already do (12%, but I'd love to get up to 15% some day soon and then eventually put more money into my Roth) so I don't actually do the plan that I describe but have followed the posts of a guy that does and I think I understand the logic.


The key with that method, isn't exactly the size of the dividend atm, but that it is a list of companies that have continually raised their dividend every year for at least 25 consecutive years. The idea is that the $50 share of stock that you purchased 20 years ago that payed out a $0.25 quarterly dividend 20 years ago (2%) has raised that dividend every year that you have owned it for the last 20. So that $50 invested in 1 share 20 years ago is now paying out $$2.00 per share and by the time you reach retirement and have regularly invested in these stocks to build up a capital base you are looking at a steady stream of income with little downside no matter which way the market goes.


Good plan/Bad plan, I can go back and forth, but I understand the principle and why it would be attractive to someone that is more risk adverse. Everyone fears they are going to retire then the stock market is going to crash 5 years later and the 5% withdrawl they were counting on each year looks significantly smaller than it did on retirement day.


anyhoo, I know there are many that invest in XOM for that exact reason, same with Altria, Coke, Mcdonalds, etc...
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  #317  
Old 08-05-2022, 12:07 PM
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Originally Posted by ud2 View Post
This graph says it all. Wow. Oil production took a nosedive once Biden took over.

From almost 13,000 to 10,000 almost overnight.
That occurred in Trumps last year as a result of the covid shutdowns.
Demand crashed and prices on the futures market went negative.
There was literally no place to unload the tankers as the storage
was full up
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  #318  
Old 08-05-2022, 12:14 PM
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Originally Posted by Fudd View Post
Shut down? No he does not have the power to shut down. He has used his power to restrict.

CRUDE OIL PRODUCTION IN UNITED STATES



Swampy, do you deny that Biden is following the wishes of the Green New Deal portion of the Democratic Party to reduce domestic oil production as much as his influence allows?
Fudd, do you have a more precise chart of this? Like broken down by month?
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  #319  
Old 08-05-2022, 12:16 PM
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  #320  
Old 08-05-2022, 12:19 PM
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Originally Posted by Fudd View Post
The reason that we continue to import oil, even when we are producing tons of energy, is that we have not built a significant refinery since the 70's. Our refineries were built to refine middle eastern crude. A lot of what we produce, we cannot refine. So, even though we continued to import some gasoline, we were exporting lots of energy under Trump. Production was way up. It's time to build another refinery that refines domestic crude oil, but the Green New Deal people will have an absolute fit over that. We are natural gas rich, so we need to gear ourselves to use that resource. It's cleaner than the alternatives. But for some inexplicable reason, the Liberals hate natural gas too. Don't they know what charges electric vehicles?
Also need to dramatically increase the capacity of convert natural gas to
liquidified natural gas so it could be exported to europe .
good luck getting it past the sea of environmental lawsuits though.
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Old 08-05-2022, 01:50 PM
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Originally Posted by Furio View Post
Also need to dramatically increase the capacity of convert natural gas to
liquidified natural gas so it could be exported to europe .
good luck getting it past the sea of environmental lawsuits though.
That is exactly the problem. Then you get the Swampy's of the world saying, "the Liberals are not attacking fossil fuels". Yes they are. They are laying out roadblocks for every step.
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Old 08-05-2022, 02:09 PM
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I am extremely skeptical that gas prices would be this high if Trump was potus right now.
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Old 08-05-2022, 03:06 PM
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Originally Posted by Swampy Meadows View Post
Once again jack can you read? The article I posted said production is UP not down. BS Facebook posts seem to be the culprit.

“Not sure about five instances” then why state he said it five times???

Posted via Mobile Device
Have you lost it? You posted no article in your Post #299, which I responded to. And secondly, I did not state five times, someone else did.
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  #324  
Old 08-05-2022, 03:19 PM
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Originally Posted by ud2 View Post
I am extremely skeptical that gas prices would be this high if Trump was potus right now.
Hard to know. Trumps energy policy was good but that doesn't always
translate to better results in the short term. He approved the keystone xl
pipeline but it didn't get built because of the environmental lawsuits
in the usa.
Granting the leases was good but that takes years, decades, or never to
become actual oil or gas production because of environmental lawsuits.

There were no refineries built while he was president and was pointed out earlier by fudd no new ones approved for decades. again lawsuits to block
them.
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Old 08-05-2022, 03:50 PM
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The Keystone pipeline will always be a mystery to me. As a country and planet, we are nowhere close to "freeing" ourselves from oil. Even if were discovered a means to produce enough needed power thru the use of wind, solar and/or hydro tomorrow that would enable us to convert 100% away from oil it would take several decades to implement that system on a scale large enough to make it feasible. So if we know that we will be using the oil that the key stone pipeline would have provided, why would we not want to transport that oil in the most efficient, "clean" possible? The pipeline is a means to transport that oil from point A to point B with a fairly low carbon footprint. The alternative is to load that oil into tanker trucks and drive it from point A to point B using a lot of oil/gas to get it from A to B. Seems pretty stupid to me to not be in favor of something that would allow you to move a needed and necessary product in the most efficient manor possible.
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Old 08-05-2022, 05:24 PM
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Warren Buffett

Originally Posted by Medford View Post
The Keystone pipeline will always be a mystery to me. As a country and planet, we are nowhere close to "freeing" ourselves from oil. Even if were discovered a means to produce enough needed power thru the use of wind, solar and/or hydro tomorrow that would enable us to convert 100% away from oil it would take several decades to implement that system on a scale large enough to make it feasible. So if we know that we will be using the oil that the key stone pipeline would have provided, why would we not want to transport that oil in the most efficient, "clean" possible? The pipeline is a means to transport that oil from point A to point B with a fairly low carbon footprint. The alternative is to load that oil into tanker trucks and drive it from point A to point B using a lot of oil/gas to get it from A to B. Seems pretty stupid to me to not be in favor of something that would allow you to move a needed and necessary product in the most efficient manor possible.
Berkshire Hathaway owns BNSF Railways.
Take a look at their railway map and you'll see that answer to why a pipeline isn't being built.
https://www.bnsf.com/bnsf-resources/...etwork-map.pdf
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Old 08-05-2022, 06:17 PM
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Originally Posted by Mich Flyer View Post
Yes, the strategic oil went to China. Yes, Biden is selling it off. Yes, he deserves some responsibility for it going to China. No, we are not increasing the strategic oil supply. In the fall Biden wants to put some oil back in the reserve, but it is only about a third of what was taken out. We are depleting it. Yes, Biden is buying oil from Venezuela and Saudi Arabia instead of producing what we use in the US. Under Trump we were oil independent. Now we are dependent on foreign oil.
We are also letting China buy off our farmland, some of it near military bases. What kind of policy is this?
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Old 08-06-2022, 12:07 AM
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Originally Posted by Swampy Meadows View Post
This isn’t Faux News—you have to show your work. Please cite five instances where Biden has said this. Not the media or some opinion piece, Biden.
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Biden has been bashing the oil companies ever since he started running for potus in 2018 or 2019. And he has continued bashing them the entire time he has been potus.
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Old 08-29-2022, 03:24 PM
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Biden is deliberately using the Strategic Petroleum Reserve to keep gas prices low. The SPR is only supposed to be used in emergency situations only. Gas is supposed to go back to over $5/gallon by the end of 2022 once Biden stops tapping into the SPR.

Biden plans to stop tapping the SPR one week before the midterms. It takes the market about one week to react to decreased tapping of the SPR. So right after the midterms, gas prices are supposed to rise.

The SPR is now at its lowest point in 37 years. I sure hope no emergency happens whereby we would really need to tap the SPR.

Biden is tapping the SPR for 100% political reasons, not because of any emergency.

https://hotair.com/jazz-shaw/2022/08...un-out-n492995:

Meanwhile, the SPR will be massively depleted and the government will have to pay hugely inflated crude oil prices to begin refilling it. (Most of the oil currently left in the reserve was purchased when oil was selling for 60 dollars per barrel or less.) And that’s assuming that they even plan to replace it. That oil is supposed to be there in the event of hurricanes, earthquakes, or other natural disasters that can shut down the power grid for extended periods of time. Emergency generation plants can be brought online to produce power locally, but they almost all burn oil. If there’s no oil available, bad things happen quickly.

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  #330  
Old 09-04-2022, 12:53 AM
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I saw this bumper sticker tonight.

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  #331  
Old 09-15-2022, 11:34 AM
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Gas Prices May Spike Again This Winter As Europe Cuts Off Russian Oil, Yellen Says.

https://www.forbes.com/sites/carliep...h=247119af7eeb
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Old 09-15-2022, 12:53 PM
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Crazy idea I know, but how about we try drilling for more oil here? Maybe build a series of pipelines that could easily transport that oil from the fields in the north and Canada down to the refineries in the south? Something like that might work
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Old 09-27-2022, 07:16 PM
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Got gas just now at Hilton Head Sam’s for $2.85.
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Old 09-28-2022, 09:41 AM
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There were a couple of stations in the Cinci area @ $4.01 yesterday. I bought gas for $3.69 this morning, about 20-30 outside of Cinci.
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Old 09-28-2022, 09:46 AM
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Tim Ryan Says Americans Need To Give Up Gas Cars as He Drives Around Ohio in Gas Guzzlers.

Ryan's first Senate campaign ad features him riding around with his son in a 2020 GMC Yukon, which gets roughly 14 to 15 miles per gallon around town. When leaving a campaign stop in Zanesville, Ohio, last month, Ryan boarded a 15-mile-per-gallon Chevrolet Tahoe.

Sometimes Ryan prefers his comparatively eco-friendly 2020 GMC Sierra, a truck, which gets around 23 miles per gallon. GMC does make an electric truck, the Hummer EV, which can get around 350 miles on a single battery charge, but it will set consumers back nearly $110,000.

"Tim loves his UAW-built American-made Tahoe," Ryan campaign spokeswoman Izzi Levy told the Washington Free Beacon, "and wouldn't trade it for anything—not even the $70,000 BMW that chauffeurs J.D. Vance around Ohio."

https://freebeacon.com/democrats/tim...-gas-guzzlers/
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Old 09-28-2022, 01:22 PM
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Electric Charging Stations in Florida

Somebody was asking if FEMA or Biden would set up electric charging stations for the hurricane impacted areas in Florida. Might be better to have a gas- powered vehicle down there.
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Old 09-28-2022, 02:03 PM
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Originally Posted by Mich Flyer View Post
Somebody was asking if FEMA or Biden would set up electric charging stations for the hurricane impacted areas in Florida. Might be better to have a gas- powered vehicle down there.
Come on man, everyone knows if we all drove electric vehicles this hurricane would not have happened.

And do not forget to get your covid vaccination to prepare for future hurricanes.
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Old 09-28-2022, 02:28 PM
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Originally Posted by ClaytonFlyerFan View Post
Come on man, everyone knows if we all drove electric vehicles this hurricane would not have happened.

And do not forget to get your covid vaccination to prepare for future hurricanes.
Can this hurricane be seeded with Pzifer vaccine? We could vaccinate half of Florida in one fell swoop.
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Old 10-03-2022, 05:30 PM
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Gas today went up to $3.99 a gallon for regular. Yikes! Going up.
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Old 10-03-2022, 09:11 PM
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Originally Posted by Mich Flyer View Post
Gas today went up to $3.99 a gallon for regular. Yikes! Going up.
I filled both my car and my wife’s car yesterday for $3.32 a gallon. Looks like I was on the right side of that equation this time.
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Old 10-03-2022, 09:44 PM
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Originally Posted by T-Bone 84 View Post
I filled both my car and my wife’s car yesterday for $3.32 a gallon. Looks like I was on the right side of that equation this time.
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Glad to hear you did. The Speedways and Shell Stations are at $399.00 but I saw some BPs at 3,55. They won't stay that way long. Anybody know the best natural heating gas supplier?

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Old 10-04-2022, 02:12 PM
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Originally Posted by Mich Flyer View Post
Glad to hear you did. The Speedways and Shell Stations are at $399.00 but I saw some BPs at 3,55. They won't stay that way long. Anybody know the best natural heating gas supplier?
I don’t have anything for you on natural gas, but this morning on my way into the office, there was a Speedway on one corner advertising $3.999 and a Circle K across the intersection advertising $3.639 (and the Meijer down the street was matching the $3.639). Makes my $3.329 look all the better.
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Old 10-04-2022, 02:21 PM
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Originally Posted by T-Bone 84 View Post
I don’t have anything for you on natural gas, but this morning on my way into the office, there was a Speedway on one corner advertising $3.999 and a Circle K across the intersection advertising $3.639 (and the Meijer down the street was matching the $3.639). Makes my $3.329 look all the better.
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The Meijer on Springboro is $3.99, I want to find a $3.32. Somebody I know checked out a Houston, TX natural gas offeror that was low priced, but they got bad reviews.
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Old 10-04-2022, 04:59 PM
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I wonder how all the CA liberals feel about the crazy green new deal now. You get the government you deserve. https://www.dailynews.com/2022/10/04...d-day-in-a-row
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Old 10-04-2022, 10:21 PM
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Originally Posted by Mich Flyer View Post
The Meijer on Springboro is $3.99, I want to find a $3.32. Somebody I know checked out a Houston, TX natural gas offeror that was low priced, but they got bad reviews.
That was the price on Sunday afternoon at the BP on the corner of Main and Shiloh Springs. I think the OM Oil on Main in Clayton also had that price. Beyond that, pretty much everything this morning was $3.999.
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Old 10-04-2022, 10:30 PM
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Originally Posted by TA111 View Post
I wonder how all the CA liberals feel about the crazy green new deal now. You get the government you deserve. https://www.dailynews.com/2022/10/04...d-day-in-a-row
So, they’re combating climate change in Cali by working to force people into all-electric vehicles…but because current gasoline prices are too high, they’re working to get gasoline companies to produce cheaper, higher-polluting fuels sooner than is currently allowed. Sounds about right.
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Old 10-18-2022, 09:59 PM
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Biden to Release 15M Barrels From Oil Reserve, More Possible.

President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations, and he will say more oil sales are possible this winter, as his administration rushes to be seen as pulling out all the stops ahead of next month’s midterm elections.

https://www.newsmax.com/us/election-...18/id/1092446/
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Old 10-18-2022, 10:49 PM
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Originally Posted by T-Bone 84 View Post
I don’t have anything for you on natural gas, but this morning on my way into the office, there was a Speedway on one corner advertising $3.999 and a Circle K across the intersection advertising $3.639 (and the Meijer down the street was matching the $3.639). Makes my $3.329 look all the better.
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Right now the Center Point standard choice provider is Constellation. This month it was 1.05 ccf. Ohio Natural gas has it for .775 ccf if you sign up for two years. Constellation rates vary month to month. Less than a year ago some months were .334 ccf. So it's a roll the dice for heating gas. Will the rates rise this winter, or will they go back to the low rates of last winter? I wish I knew. Right now I am sticking with the Center Point provider of Constellation at the standard rate which will vary month to month.
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Old 10-19-2022, 12:06 AM
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I usually get my gas at Sams Club. I filled up yesterday and it was $3.59 I think for you lucky regular unleaded folks. For the high octane stiffs like me, I had to pay $4.26.
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Old 10-31-2022, 11:47 AM
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This is very bad news.
https://www.foxbusiness.com/politics...idly-devolving
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Old 10-31-2022, 08:55 PM
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Gas for regular back up to $3.89 per gallon. Going up.
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