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originally posted by: chr0naut
originally posted by: billxam1
a reply to: AlexandrosOMegas
I would submit that you're blaming the wrong president. This all started with the Obama "let's grow ethanol corn instead of feed corn." The example I will use is whole chicken. $ .38 /lb to $1.19 /lb within 3 months. Blaming Biden is pointless. And then there was the 2008 depression caused by the population of leftists' demands.
Was there not an administration between Obama's and Biden's?
Although price changes are clearly not instantaneous upon implementation of policy, surely the prices on consumables would not wait around for four years to start to rise?
Clearly the source of the economic downturn that started in 2021 was in the interim administration between Obama and Biden.
I don’t blame Biden’s administration entirely for prices today because so much of this is a direct result of the pandemic.
originally posted by: AlexandrosOMegas
I can't even believe it when I see that GRAHAM CRACKERS, over TEN DOLLARS NOW for Kellogg's AND Nabisco costs over ELEVEN DOLLARS, even if you do get one extra sleeve of 8 crackers for that price.
originally posted by: billxam1
a reply to: AlexandrosOMegas
I would submit that you're blaming the wrong president. This all started with the Obama "let's grow ethanol corn instead of feed corn." The example I will use is whole chicken. $ .38 /lb to $1.19 /lb within 3 months. Blaming Biden is pointless. And then there was the 2008 depression caused by the population of leftists' demands.
originally posted by: Boomer1947
originally posted by: billxam1
a reply to: AlexandrosOMegas
I would submit that you're blaming the wrong president. This all started with the Obama "let's grow ethanol corn instead of feed corn." The example I will use is whole chicken. $ .38 /lb to $1.19 /lb within 3 months. Blaming Biden is pointless. And then there was the 2008 depression caused by the population of leftists' demands.
Are you referring to the use of corn-based ethanol as an additive to gasoline?
That didn’t start under Obama. Commercial scale use of ethanol in gasoline started in 1979.
originally posted by: network dude
a reply to: chr0naut
It's a shame you know so little, yet pretend to know so much.
www.climatecentral.org...
Technological advances in drilling efficiency are one of the reasons shale oil and natural gas production continues to skyrocket in six of America’s biggest oil and natural gas fields, according to a new U.S. Energy Information Administration report.
is fracking more efficient than drilling?
Fracking, or high-volume hydraulic fracturing, can be faster and more efficient than drilling for oil and natural gas:
Fracking can take days or weeks to complete a well, while conventional drilling methods can take months or years.
originally posted by: Bluntone22
I don’t blame Biden’s administration entirely for prices today because so much of this is a direct result of the pandemic. He certainly didn’t help matters in that regard though.
originally posted by: chr0naut
originally posted by: network dude
a reply to: chr0naut
It's a shame you know so little, yet pretend to know so much.
www.climatecentral.org...
Technological advances in drilling efficiency are one of the reasons shale oil and natural gas production continues to skyrocket in six of America’s biggest oil and natural gas fields, according to a new U.S. Energy Information Administration report.
is fracking more efficient than drilling?
Fracking, or high-volume hydraulic fracturing, can be faster and more efficient than drilling for oil and natural gas:
Fracking can take days or weeks to complete a well, while conventional drilling methods can take months or years.
Fracking is more 'efficient' only because it is becoming harder to find reserves that haven't already been tapped. Because fracking is done to nearly depleted existing wells, or to shale-oil wells, it adds costs to those well-sites making them more expensive than conventional oil new wells initially were.
Shale oil is of a lower quality than conventional oil deposits, requiring additional processing, a more expensive drilling processes, additional transport, more labour, fracking, and hence more costs.
Shale Oil vs. Conventional Oil: What's the Difference?