Gas prices and buying cards

[Yoda]

Originally Posted by Stampsfan

Thank you for this. While I post here intermittently, and read daily, I try and stay neutral here. However, on this topic I struggle to do so.
Given that, as someone who lives in Western Canada, I (and many others up here) cannot understand why your current president is so against getting this resource from us. The US imports approximately 660,000 Barrels of Oil a day from Russia. Keystone was going to supply slightly more than that on a daily basis. It is stopped in its tracks on day 1 of the new term. Then as prices goes up, he goes to Saudi and basically says "Pump more oil... oh yeah, and sell it to us."
Now Venezuela, Iraq, and OPEC are approached to provide more. No mention of coming to Canada for supply.
Canada has the third largest reserves in the world. We have among the highest environmental standards in the world. Canada is not going to invade any other democratic country. We don't kill reporters.
We in Western Canada simply don't understand the logic and bias.

Bravo Bob. As a Canadian, you expressed it best. I am a life-long registered Democrat and, of course, am utterly baffled why Biden cancelled the Keystone Pipeline at a time when the US now has a dire energy problem. Politics as usual, I fear, to keep the far left and the Greens mollified. How short term can you get, the same problem that has gotten the US in messes many times, and we don't seem to learn. Bob, I presume that Canada could pump and export enough non-Keystone oil to fill the 7% energy shortfall we will incur as Russian exports cease. With your vast reserves, I would think so. Anything is better than bringing in oil from those rogue states, Venezuela, Iran, and the Saudis.
I have several dear Canadian friends in Ontario (Lake Simco area) who always says US actions keep them guessing.
Leon, I haven't forgotten the card rule. I picked up, on Ebay of all places, a beautiful PSA5 Rochester Baking Jack Lapp. Deals can be hard to sniff out on Ebay but they are there.

[vintagetoppsguy]

Originally Posted by Yoda

am utterly baffled why Biden cancelled the Keystone Pipeline at a time when the US now has a dire energy problem.

Even if he hadn't cancelled the Keystone Pipeline, it wouldn't make a difference present day. The pipeline would still be under construction and it would be a few years before it was online and operational. But I agree that either way it just wasn't a good move, and it set the tone for his energy policies from day one.

On another note, I'm being told to keep a full tank of gas at all times. Our existing pipelines are targets for hackers. Remember last year when the Colonial Pipeline was hacked (I think it was the Russians) and it created gas shortages?

[peanuts]

Originally Posted by vintagetoppsguy

Even if he hadn't cancelled the Keystone Pipeline, it wouldn't make a difference present day. The pipeline would still be under construction and it would be a few years before it was online and operational. But I agree that either way it just wasn't a good move, and it set the tone for his energy policies from day one.

On another note, I'm being told to keep a full tank of gas at all times. Our existing pipelines are targets for hackers. Remember last year when the Colonial Pipeline was hacked (I think it was the Russians) and it created gas shortages?

Colonial Pipeline hack was part of the DarkSide ransomware streak. Not believed to be state sponsored, nor even based in Russia – evidence heavily points towards them being based in a former Soviet Bloc country, with affiliates throughout the region.

Originally Posted by Exhibitman

Bring back regional issues in general! SO much fun to collect.

[Exhibitman]

Originally Posted by peanuts

Bring back regional issues in general! SO much fun to collect.

I'm a cardaholic and I approve this message!

[BobC]

Originally Posted by vintagetoppsguy

Even if he hadn't cancelled the Keystone Pipeline, it wouldn't make a difference present day. The pipeline would still be under construction and it would be a few years before it was online and operational. But I agree that either way it just wasn't a good move, and it set the tone for his energy policies from day one.

On another note, I'm being told to keep a full tank of gas at all times. Our existing pipelines are targets for hackers. Remember last year when the Colonial Pipeline was hacked (I think it was the Russians) and it created gas shortages?

Doesn't even have to be hackers, remember the major power outage from back in August, 2003 that took out 21 power plants throughout the Northeast US and Canada, affecting over 50 million people? Took them a couple days to finally get everything back to normal. The whole thing started when a tree branch in Walton Hills, Ohio, about 10 minutes from my house, fell on a power line and started a chain reaction.

Technology is great.............until it isn't. The more we use it, the more totally dependent we become on it. Remember the Enron debacle, that would have never been able to happen if computers weren't involved. And hackers and cyber criminals just make everything worse, especially as we are being slowly forced to do virtually everything electronically/digitally anymore.

One of the nice things about cards (or other old time collectibles) is you can still hold, feel, look at, and even smell them, in person if you want. Not the same with NFTs or stuff held in someone's vault, where you can only see pictures of what you have online, without having to make a special trip to go visit them. And if the power goes out or the internet goes down, I still have and can enjoy my cards.

[VintageBall]

Originally Posted by vintagetoppsguy

Even if he hadn't cancelled the Keystone Pipeline, it wouldn't make a difference present day. The pipeline would still be under construction and it would be a few years before it was online and operational. But I agree that either way it just wasn't a good move, and it set the tone for his energy policies from day one.



On another note, I'm being told to keep a full tank of gas at all times. Our existing pipelines are targets for hackers. Remember last year when the Colonial Pipeline was hacked (I think it was the Russians) and it created gas shortages?

Interestingly, the Keystone was only 2% done when canceled. So you are correct.

As to perceptions about current tone, the facts are what matter:

Federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration’s first-year total of 2,658.

This isn't political spin by them or me or anyone on this board. These are simply numbers.

Nearly 2,000 of the drilling permits were approved on public lands administered by the Bureau of Land Management's New Mexico office, followed by 843 in Wyoming, 285 in Montana and North Dakota, and 191 in Utah. In California, the Biden administration approved 187 permits — more than twice the 71 drilling permits Trump approved in that state in his first year.

And there are currently 9,173 approved oil drilling permits that have been approved but are going unused by the oil industry.

Meaning that the oil companies here at home could be going to town pumping out oil but are not doing so. But more production could lower prices and the profits that the oil companies are currently pocketing precisely because gas prices are high.

Even so, oil production in the U.S. in 2021 (Biden) was on par with 2020 production and exceeded yearly production from 2016-18 (Trump), data shows. Again, no spin and no politics. Numbers.

But why let the facts get in the way of a good story about the current administration killing oil production? Maybe the current administration wants to, but they sure haven't done so, which actually has led to angry press releases from environmental groups. So they've managed to anger both their own constituents and those of their political opponents.

But take heart, at least oil company execs probably are using all their newfound cash to buy expensive baseball cards and contribute to increased card prices, right? This last statement is pure speculation, of course. Maybe they prefer buying comic books and NFTs of cartoon gorillas more than cards!

[vintagetoppsguy]

Originally Posted by VintageBall

Interestingly, the Keystone was only 2% done when canceled. So you are correct.

As to perceptions about current tone, the facts are what matter:

Federal data shows the Biden administration approved 3,557 permits for oil and gas drilling on public lands in its first year, far outpacing the Trump administration’s first-year total of 2,658.

This isn't political spin by them or me or anyone on this board. These are simply numbers.

Nearly 2,000 of the drilling permits were approved on public lands administered by the Bureau of Land Management's New Mexico office, followed by 843 in Wyoming, 285 in Montana and North Dakota, and 191 in Utah. In California, the Biden administration approved 187 permits — more than twice the 71 drilling permits Trump approved in that state in his first year.

And there are currently 9,173 approved oil drilling permits that have been approved but are going unused by the oil industry.

Meaning that the oil companies here at home could be going to town pumping out oil but are not doing so. But more production could lower prices and the profits that the oil companies are currently pocketing precisely because gas prices are high.

Even so, oil production in the U.S. in 2021 (Biden) was on par with 2020 production and exceeded yearly production from 2016-18 (Trump), data shows. Again, no spin and no politics. Numbers.

But why let the facts get in the way of a good story about the current administration killing oil production? Maybe the current administration wants to, but they sure haven't done so, which actually has led to angry press releases from environmental groups. So they've managed to anger both their own constituents and those of their political opponents.

But take heart, at least oil company execs probably are using all their newfound cash to buy expensive baseball cards and contribute to increased card prices, right? This last statement is pure speculation, of course. Maybe they prefer buying comic books and NFTs of cartoon gorillas more than cards!

First, let me deal with the bold text. Yes, it is meant to be political because I know the left-leaning BS source of information for your post (see screenshot below). Nice copy and paste skills by the way.

Second, yup those are real numbers, but the numbers don't tell the entire story. Do you want to dissect those numbers? How many of those were new permits? How many of them were permit extensions? You do know a drilling permit only lasts 2 years in most states, don't you? You also know that sometimes it is more profitable not to drill, don't you? You also know that sometimes permits are issued on land that has no producible oil and gas, don't you (it's leverage used against competition)? Drilling permits only cost a few hundred dollars and a lot of time they're obtained just as a game for one reason or another.

Last, as I stated earlier in this thread, I've spent the last 15 years in the oil in gas industry. I don't know everything, but I know a lot. Please tell me what industry you work in so I can school you all about it.

Originally Posted by VintageBall

Nearly 2,000 of the drilling permits were approved on public lands administered by the Bureau of Land Management's New Mexico office, followed by 843 in Wyoming, 285 in Montana and North Dakota, and 191 in Utah. In California, the Biden administration approved 187 permits — more than twice the 71 drilling permits Trump approved in that state in his first year.

[GrewUpWithJunkWax]

All roads lead to energy.

The spike in prices has sent many drivers rushing to the pump to get ahead of increasing pump prices. Those rushes exacerbate weaknesses in an already stressed supply chain. On top of the truck driver shortage, US crude supply is well-below the 5yr avg, gasoline is low, and diesel is even worse. Now, with Europe in such need, a lot of product is going to be exported to those countries.

Tying into to baseball... there's a fun Moneyball scene edited for the current oil situation:
https://twitter.com/i/status/1501762759209504769

I like reading the perspectives held by long-time hobbyists, who have lived the economic ups & downs and seen the impacts on cards. It's great and appreciated.

I'd lean toward the idea that the middle gets squeezed the most. Inflation, cost of everyday goods/needs, plus a lot of travel expected this year, and people will have to spend more to do so - all siphoning away some of the funds that might have otherwise gone to cards.

[Yoda]

I guess it all boils down to what you wish to hold; cash, stocks and bonds, oil futures, gold, AR15's, fine wines, real property, jewelry, art or........baseball cards.

[sedin26]

I have a fairly modest personal budget on a monthly basis, which I spend almost entirely on cards. I also try to find loopholes to fit them into other categories but most of those have been closed

The cost of gas and other goods is going up quickly but it would have to get super tight here to affect cards (job loss or something along those lines) - I'll simply keep buying what I can get every month with my current budget.

[Stampsfan]

Originally Posted by Yoda

Bravo Bob. As a Canadian, you expressed it best. I am a life-long registered Democrat and, of course, am utterly baffled why Biden cancelled the Keystone Pipeline at a time when the US now has a dire energy problem. Politics as usual, I fear, to keep the far left and the Greens mollified. How short term can you get, the same problem that has gotten the US in messes many times, and we don't seem to learn. Bob, I presume that Canada could pump and export enough non-Keystone oil to fill the 7% energy shortfall we will incur as Russian exports cease. With your vast reserves, I would think so. Anything is better than bringing in oil from those rogue states, Venezuela, Iran, and the Saudis.
I have several dear Canadian friends in Ontario (Lake Simco area) who always says US actions keep them guessing.
Leon, I haven't forgotten the card rule. I picked up, on Ebay of all places, a beautiful PSA5 Rochester Baking Jack Lapp. Deals can be hard to sniff out on Ebay but they are there.

Thank you. Sometimes we in Western Canada almost feel abandoned.
As for your point, we have the production capabilities to fill the void. We cannot get it all to market (read that to mean the US and Europe) because of the lack of pipeline capacity to both the East and Gulf Coast. Our glorious sock loving man-child Prime Minister is more interested in looking good on the world stage instead of actually solving problems and supporting our own country. Impressing Michael Bloomberg, Jane Fonda, Bill Gates, and others is more important to him than supporting people and an industry that will provide highly paid and skilled job to folks in his own country, while providing energy independence to North America. Finally, the world is starting to see Justin for who he really is, a failed part time drama teacher and snowboard instructor with a nine figure trust fund behind him, and no discernible skills as a leader.