Rising diesel prices lead to layoffs in trucking industry

[MrNiceGuy]

More maga people and people pretending to be maga people rooting for national economic failure. Remember their joy when you vote.

They aren't "rooting" for it. They're sounding the alarm, because the Biden Administration is selling us down the river.

 

[MrNiceGuy]

dude. the oil industry is sitting on a gazillion leases that they choose not to use.

Tell me you're ignorant without saying you're ignorant.

 

[Chainsawmassacre]

Where in is the "lie" you accuse me of?

Anything other than the democrats narrative is a lie

 

[Higgins86]

Because the pipelines that were shuttered/stopped, oil has to move from Point A to Point B to get refined. Either Trucked or Train and trains are the most efficient method for land based after pipelines.

I was more referring to the fact it was barely coherent.

 

[CaughtInThe]

Tell me you're ignorant without saying you're ignorant.

so you're gonna do the whole pretend thing now.

that's actually not surprising.

The Oil Industry's Public Lands Stockpile

Oil and gas companies are sitting on millions of acres of idle leases that they've acquired through a rigged system | February 2021

storymaps.arcgis.com

 

[Ikari]

The trucking industry that is short so many workers is laying people off? During supply chain issues?

Yeah, I have to question the accuracy of the source on that one. I thought the same thing. For sure, surging prices and inflation are hitting companies hard; but in a global supply chain problem and desperately trying to find drivers, it seems suspect that now they're firing them off.

 

[Mr Person]

And the recession begins. Trucking companies laying off will have a huge ripple effect on the already broken supply chain and drag us down very quickly. Good work Biden. Your anti fossil fuels agenda is going as planned.

“A lot of these trucks you see now are not going to be here anymore.”

“Maurice Burnside, owner of Phaymis Trucking Company, said on NewsNation’s “Morning in America” that his fuel costs have nearly doubled from last year— going from $10,000 to $18,000.

“It’s a struggle,” he said. “The longer hauls are a bit more of a challenge. What we’ve been doing with my company, we’ve been taking shorter runs so we spend less money in diesel, but we also make less money.”

With high diesel prices expected to rise, Burnside expects the situation will continue to be detrimental to a lot of people.

“You can’t operate like that,” he said. “We can’t drive for free. We have families to take care of.”

Soaring price of diesel leading to layoffs, frustration for truckers

The price of diesel is high because of the war in Ukraine and rising demand for goods coming out of the COVID-19 pandemic. It’s a problem that’s causing headaches for truck drivers acro…

www.newsnationnow.com

Biden shouldn't have invaded Ukraine. What a jerk.

Wait a minute...

 

[Renae]

dude. the oil industry is sitting on a gazillion leases that they choose not to use.

'Uncertainty' a factor in gas producers not ramping up drilling despite high prices, industry group says

(The Center Square) – Natural gas drilling is very profitable these days as market prices rise, but U.S. producers aren't ramping up production.

www.thecentersquare.com

 

[BlueTex]

Hmm,
Not cancel pipelines
Not end leases
Cut red tape on exploration and drilling and "commit to lower energy costs"
Cut regulation and red tape to allow new refineries to be built
GTFO of the idiotic Paris Accords
Invest in American Energy Independence.

You can do all of the above, and still pursue alternative energy options, but this admin went full on into alternative energy and we're seeing the very negative impacts that's having. Energy is the driver of the economy and when energy is costly/scarce/unreliable... the economy suffers.

How would ANY of these have an effect on diesel prices today?

 

[MrNiceGuy]

so you're gonna do the whole pretend thing now.

that's actually not surprising.

The Oil Industry's Public Lands Stockpile

Oil and gas companies are sitting on millions of acres of idle leases that they've acquired through a rigged system | February 2021

storymaps.arcgis.com

If you really haven't read a thing about how oil leases work, and how having those leases does not mean they're allowed to drill on them.

Key facts about federal leases:

• The law already requires companies to either produce oil and/or gas on leases or return the leases to the government – the so-called “use it or lose it” provision – generally in the first 10 years.
• When a company acquires a lease, it makes a significant financial investment at the beginning of the lease in the form of a non-refundable bonus bid and pays additional rent until and unless it begins producing.
• For federal onshore, the Mineral Leasing Act prevents any one company from locking up unproductive excessive federal acreage.
• Developing a lease takes years and substantial effort to determine whether the underlying geology holds commercial quantities of oil and/or gas. The lengthy process to develop them from a lease often is extended by administrative and legal challenges at every step along the way.

You have a fundamental misunderstanding of the administration as to how the process actually works. Just because you have a lease doesn’t mean there’s actually oil and gas in that lease, and there has to be a lot of development that occurs between the leasing and then ultimately permitting for that acreage to be productive.

The Biden administration should support policies that promote U.S. oil and gas production over OPEC, which includes Russian oil. https://www.forbes.com/sites/judecl...-is-trying-to-fool-you-again/?sh=5e955fb03c5c

 

[Paradoxical]

And the recession begins. Trucking companies laying off will have a huge ripple effect on the already broken supply chain and drag us down very quickly. Good work Biden. Your anti fossil fuels agenda is going as planned.

“A lot of these trucks you see now are not going to be here anymore.”

“Maurice Burnside, owner of Phaymis Trucking Company, said on NewsNation’s “Morning in America” that his fuel costs have nearly doubled from last year— going from $10,000 to $18,000.

“It’s a struggle,” he said. “The longer hauls are a bit more of a challenge. What we’ve been doing with my company, we’ve been taking shorter runs so we spend less money in diesel, but we also make less money.”

With high diesel prices expected to rise, Burnside expects the situation will continue to be detrimental to a lot of people.

“You can’t operate like that,” he said. “We can’t drive for free. We have families to take care of.”

Soaring price of diesel leading to layoffs, frustration for truckers

The price of diesel is high because of the war in Ukraine and rising demand for goods coming out of the COVID-19 pandemic. It’s a problem that’s causing headaches for truck drivers acro…

www.newsnationnow.com

What a disastrous administration this has been. Biden/Soros WANT this. Make no mistake. Gas at $10.00 a gallon like Europe to force people to go all-electric so the state and federal government can track your driving and charge you per mile and know where you are at all times. California is already p[lanning this because they are peeved that so many overpaid government workers are driving electric cars and they are losing gas tax revenue.

Going electric is just like the mafia killing off all heroin suppliers because they are in the cocaine business and people will be forced to buy their drugs. The States and Federal government are killing big oil for higher taxes and fees on electric. They make the mafia look like amateurs.

 

[SCrider]

Hmm,
Not cancel pipelines
Not end leases
Cut red tape on exploration and drilling and "commit to lower energy costs"
Cut regulation and red tape to allow new refineries to be built
GTFO of the idiotic Paris Accords
Invest in American Energy Independence.

You can do all of the above, and still pursue alternative energy options, but this admin went full on into alternative energy and we're seeing the very negative impacts that's having. Energy is the driver of the economy and when energy is costly/scarce/unreliable... the economy suffers.

So **** the environment **** our future generations.

 

[CaughtInThe]

'Uncertainty' a factor in gas producers not ramping up drilling despite high prices, industry group says

(The Center Square) – Natural gas drilling is very profitable these days as market prices rise, but U.S. producers aren't ramping up production.

www.thecentersquare.com

which has nothing to do with the fact that they have been sitting on a TON of leases/land for as long as i can remember.

maybe let's diversify our power sources. that's what any intelligent CEO would do (with a critical corporation need).

 

[CaughtInThe]

If you really haven't read a thing about how oil leases work, and how having those leases does not mean they're allowed to drill on them.

Key facts about federal leases:

• The law already requires companies to either produce oil and/or gas on leases or return the leases to the government – the so-called “use it or lose it” provision – generally in the first 10 years.
• When a company acquires a lease, it makes a significant financial investment at the beginning of the lease in the form of a non-refundable bonus bid and pays additional rent until and unless it begins producing.
• For federal onshore, the Mineral Leasing Act prevents any one company from locking up unproductive excessive federal acreage.
• Developing a lease takes years and substantial effort to determine whether the underlying geology holds commercial quantities of oil and/or gas. The lengthy process to develop them from a lease often is extended by administrative and legal challenges at every step along the way.

You have a fundamental misunderstanding of the administration as to how the process actually works. Just because you have a lease doesn’t mean there’s actually oil and gas in that lease, and there has to be a lot of development that occurs between the leasing and then ultimately permitting for that acreage to be productive.

The Biden administration should support policies that promote U.S. oil and gas production over OPEC, which includes Russian oil. https://www.forbes.com/sites/judecl...-is-trying-to-fool-you-again/?sh=5e955fb03c5c

hell, i guess that means that oil companies AREN'T drilling all over the place and AREN'T refining oil and AREN'T sending it to gas stations.

who knew.

 

[ttwtt78640]

dude. the oil industry is sitting on a gazillion leases that they choose not to use.

Biden is “sitting on” more.

 

[Renae]

Yeah, I have to question the accuracy of the source on that one. I thought the same thing. For sure, surging prices and inflation are hitting companies hard; but in a global supply chain problem and desperately trying to find drivers, it seems suspect that now they're firing them off.

How would ANY of these have an effect on diesel prices today?

Inflation would be less if energy prices were not spiking in part due to negative pressure from Gov't on petroleum production, transport and use. The more artificial costs Gov't inflicts on these products, the higher the costs go.
So had the Keystone not been shuttered, had we an open "America First" enegry policy providing oil and gas companies faith their investments would be honored and profitable long term, energy costs would be lower and that in turn would reduce inflationary impact.

 

[Chainsawmassacre]

Biden shouldn't have invaded Ukraine. What a jerk.

Wait a minute...

Biden shouldn't have "paused" arming Ukraine as Putin massed troops along the Ukraine border. He should have been sending Stingers and Javelin missiles and artillery instead of diplomats and threats of sanctions. Good chance Putin never would have invaded if Biden hadn't been so weak. He even said he'd tolerate a "minor incursion" . Putin saw a green light to invade.

 

[Helix]

They aren't "rooting" for it. They're sounding the alarm, because the Biden Administration is selling us down the river.

They are rooting for it.

 

[SCrider]

Inflation would be less if energy prices were not spiking in part due to negative pressure from Gov't on petroleum production, transport and use. The more artificial costs Gov't inflicts on these products, the higher the costs go.
So had the Keystone not been shuttered, had we an open "America First" enegry policy providing oil and gas companies faith their investments would be honored and profitable long term, energy costs would be lower and that in turn would reduce inflationary impact.

Keystone was not shut down. Keystone XL was. Do you really think building a pipeline over the nations largest aquifer to transport the dirties most corrosive oil on the planet is good idea?
Oil companies slowed down on their own when prices fell. they are not ramping up production now because they are making more profits now by not doing so.

 

[Chainsawmassacre]

which has nothing to do with the fact that they have been sitting on a TON of leases/land for as long as i can remember.

maybe let's diversify our power sources. that's what any intelligent CEO would do (with a critical corporation need).

They were drilling when Trump was President with his pro oil policies biden immediately killed when he took office.

 

[SCrider]

Biden is “sitting on” more.

Makes sense, don't work existing leases because Biden has more......

 

[Chainsawmassacre]

Keystone was not shut down. Keystone XL was. Do you really think building a pipeline over the nations largest aquifer to transport the dirties most corrosive oil on the planet is good idea?
Oil companies slowed down on their own when prices fell. they are not ramping up production now because they are making more profits now by not doing so.

Right and my sawmill didn't produce more lumber when prices went up. Obviously you don't understand business.

 

[Renae]

They are rooting for it.

No one on the right is "rooting" for it, we're aghast at the situation from a person level on up. We're paying the price for bad decisions in gov't pushed by a terrible vote in 2020 that put in place people whose agenda are costing us at the pump, at the grocery stores and watching our 401K's devalue and our dollars buy less. There is not "rooting" for that.

The only "rooting" we're doing is seeing people wake up to this mess and realizing how piss poor the Democrat party governs.
The cost though is far too high.

 

[SCrider]

They were drilling when Trump was President with his pro oil policies biden immediately killed when he took office.

what a bunch of crap

 

[ttwtt78640]

Makes sense, don't work existing leases because Biden has more......

Many existing (unused) leases lack confirmation that oil/gas is actually present and/or are not located near any accessible pipelines.