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Search: Posts Made By: John Mercier
Forum: Home, Cottage or Land Maintenance 10-28-2021, 05:33 PM
Replies: 51
Views: 15,230
Posted By John Mercier
Well since the supply is still rising all you are...

Well since the supply is still rising all you are listing is not having any effect.
Prior to covid the wells were operating at full production of 13M/day for crude, during covid - when President...
Forum: Home, Cottage or Land Maintenance 10-27-2021, 09:13 PM
Replies: 51
Views: 15,230
Posted By John Mercier
It has nothing to do with either. Production...

It has nothing to do with either.
Production and demand are a part of the private sector capitalism.
When demand outstrips supply, prices rise until demand and supply come back into balance.
...
Forum: Home, Cottage or Land Maintenance 10-27-2021, 09:00 PM
Replies: 51
Views: 15,230
Posted By John Mercier
The claims are documented. The highest crude...

The claims are documented.
The highest crude oil output was 13M/day during 2019 before the pandemic.
We haven't returned to that level... at least in production... but we have seen demand return....
Forum: Home, Cottage or Land Maintenance 10-27-2021, 06:59 PM
Replies: 51
Views: 15,230
Posted By John Mercier
Really nothing to do with the election. US Oil...

Really nothing to do with the election.
US Oil production is up, demand is just up a lot more than production.

US output was 10.5M/day last October, and 11.3M this October.
The EIA estimates...
Forum: Home, Cottage or Land Maintenance 10-24-2021, 01:52 PM
Replies: 51
Views: 15,230
Posted By John Mercier
If the price is lower, it will actually mean the...

If the price is lower, it will actually mean the money has more purchasing power.
At least as far as propane goes.

Where we may have some issues going forward is oil.
Even though US production...
Forum: Home, Cottage or Land Maintenance 10-24-2021, 11:09 AM
Replies: 51
Views: 15,230
Posted By John Mercier
If it is normally lower in the spring, the...

If it is normally lower in the spring, the speculators will push it in that direction. We tend to be creatures of habit. It is why speculators push up raw blend gasoline in the spring just before...
Forum: Home, Cottage or Land Maintenance 10-23-2021, 11:28 PM
Replies: 51
Views: 15,230
Posted By John Mercier
When you move a US produced product from only...

When you move a US produced product from only sales in the US to global sales, you will always see the cost rise... the more dramatic the move the higher the price move.

The US is producing more,...
Forum: Home, Cottage or Land Maintenance 10-22-2021, 05:58 PM
Replies: 51
Views: 15,230
Posted By John Mercier
They were unregulated at the time. They were...

They were unregulated at the time. They were allowed to take the pre-buy money and not buy futures contracts to lock in the price. This allowed them to gamble on the price going lower and then...
Forum: Home, Cottage or Land Maintenance 10-22-2021, 05:39 PM
Replies: 51
Views: 15,230
Posted By John Mercier
Increasing the demand would not lower the price....

Increasing the demand would not lower the price. The price was lower in the past because the means to compress the gas to liquid (LNG) and thus transport it to Europe did not exist in the same...
Forum: Home, Cottage or Land Maintenance 10-21-2021, 06:00 PM
Replies: 51
Views: 15,230
Posted By John Mercier
''Because U.S. LNG exports have grown faster than...

''Because U.S. LNG exports have grown faster than domestic natural gas production, inventories are lower than average. As of the end of September, EIA estimates that total U.S. natural gas...
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