(01-31-2023 12:39 PM)gdunn Wrote:  

(01-31-2023 12:28 PM)Redwingtom Wrote:  

(01-31-2023 12:23 PM)gdunn Wrote:  

(01-31-2023 12:22 PM)Redwingtom Wrote:  

(01-31-2023 11:35 AM)gdunn Wrote:  I'm sorry.. WE don't give him credit when it goes down.. I'll give him credit when it gets back to the price it was before he was sworn in.

He doesn't deserve ANY credit for when the price goes down, just as he deserves no real criticism when it goes up.

Any why would you even give him credit if the price did fall to what it was when he took office? He still would have had basically NOTHING to do with it!

When will you guys actually learn that the President of the United States does not control the global oil market or the laws of supply and demand?

Whenever you figure out a President's policies DO IN FACT impact energy and the economy...

Skippy, I've never said otherwise. Of course they have an impact. THEY DON'T HAVE THE IMPACT OF DOUBLING THE PRICE AT THE PUMP!

You understand that if policies increase inflation which also increases the price of oil, then the price of gas goes up? You understand when an administration says no more leases, that also impacts the price of oil, because this is a commodity that's dealt in futures.

On top of that if an administration puts up more red tape or harsher requirements for permits that are already in place, some of these permits and leases are not worth it and therefore production or future production affects the price of oil.

See what you know about oil and energy fits on the head of a pin as I've stated before. Your screaming, name calling, and using profanity only shows how truly ignorant you are.. But please continue on educating us that actually know how it works on how we're wrong cause your head is in Joe's lap.

You're completely clueless on this topic.

1. Yes, inflation will cause prices to rise. But you seem to ignore that inflation is a global issue right now and also that the US is near the bottom of the large nations in our current rate of inflation. And no, not only did Biden not cause all the US inflation, he certainly did not cause all the global inflation.

2. You understand nothing about oil leases or how long they take to produce. Further, there are more leases being issued under Biden than trump.

3. Red tape and regulation is not the problem you think it is for the industry. In an industry survey by the Dallas Fed in March, Government Regulation was fifth on the list of things restraining growth, at less than 10%. It was after (1) Investor Pressure, (2) Other (Personnel shortages, Equipment availability, and Supply-chain issues), (3) Environmental, social and governance issues, and (4) Lack of access to financing.

Quote:Slightly over half—59 percent—of executives believe investor pressure to maintain capital discipline is the primary reason that publicly traded oil producers are restraining growth despite high oil prices. Fifteen percent of executives said “other,” and 11 percent note environmental, social and governance issues. For respondents who said “other,” the primary reasons were personnel shortages, limited availability of equipment and supply-chain issues. An additional reason cited was uncertainty regarding future oil prices and whether they would stay high. Some felt that a combination of reasons is equally responsible for driving restraint.

https://www.dallasfed.org/research/surve...-questions

You should check yourself on this topic and actually do some actual research and stop reading your right-wing talking points.

(01-31-2023 02:22 PM)Redwingtom Wrote:  I'll type this slowly, The. SPR. Was. Not. Established. To. Have. Oil. If. We. Were. At. War.

You quoted the exact reason why it was established, but sadly you don't seem to understand it. It was to protect in times of disruptions in supply. Covid and The Russia invasion of Ukraine and their change in their distribution threatened the global supply of oil. The. End.

Even dumber, I specifically said I did not agree with Biden releasing that much from it and that it would NOT have that much effect on the price at the pump. You're claiming I said the exact opposite!

I never claimed you said that. I only claimed that you are defending something that is not defensible.




Question: when did Joe Biden start tapping the SPR
Answer: November of 2021

Question: When did Russia invade Ukraine
Answer: February 24, 2022


The effects of COVID our country were much less than almost any other with regard to fuel issues. The Whitehouse stated that the reason was to lower prices due to global demand issues [that we in the US were not having]. We were not short on fuel, only high on price.


In short, he compromised our strategic reserves to lower prices and buy votes.....

My guess is Joe is happy when gas increases because it makes alternative green energy more affordable.

(01-31-2023 04:08 PM)WalkThePlank Wrote:  My guess is Joe is happy when gas increases because it makes alternative green energy more affordable.

That's exactly how they feel about it. I'm pretty sure Tom has even said as much essentially.

(01-31-2023 02:51 PM)Eldonabe Wrote:  

(01-31-2023 02:22 PM)Redwingtom Wrote:  I'll type this slowly, The. SPR. Was. Not. Established. To. Have. Oil. If. We. Were. At. War.

You quoted the exact reason why it was established, but sadly you don't seem to understand it. It was to protect in times of disruptions in supply. Covid and The Russia invasion of Ukraine and their change in their distribution threatened the global supply of oil. The. End.

Even dumber, I specifically said I did not agree with Biden releasing that much from it and that it would NOT have that much effect on the price at the pump. You're claiming I said the exact opposite!

I never claimed you said that. I only claimed that you are defending something that is not defensible.




Question: when did Joe Biden start tapping the SPR
Answer: November of 2021

Question: When did Russia invade Ukraine
Answer: February 24, 2002


The effects of COVID our country were much less than almost any other with regard to fuel issues. The Whitehouse stated that the reason was to lower prices due to global demand issues [that we in the US were not having]. We were not short on fuel, only high on price.


In short, he compromised our strategic reserves to lower prices and buy votes.....

Don't you mean Feb 24, 2022?

(01-31-2023 10:24 AM)Eldonabe Wrote:  

(01-31-2023 09:56 AM)Marc Mensa Wrote:  What price should Biden set for a barrel of oil?

He can't take credit for lowering if he doesn't accept credit for the rise.




I know there are a lot of things out of his control on this specific item, but you can't take credit and pass blame.

Its politically stupid to take credit for gas prices.

$2.49

(09-09-2024 06:10 PM)Kruciff Wrote:  $2.49

Where? $2.89 here yesterday. And $1.75 in November before Trump left.

Demand is down.

(09-09-2024 06:40 PM)Eagleaidaholic Wrote:  Demand is down.

Yep. After Labor Day, prices always go down. And back up before Memorial Day.

You can go back 20 plus years... gas prices always go down dramatically in the months before a presidential election and then go back up afterwards. It doesn't matter who is running or who wins, it follows the same pattern.

Gas prices always go down in the fall… winter blend is less expensive than summer blend…

https://www.gasbuddy.com/go/summer-blend...d-gasoline

The only way Trump gets back to the lows of his administration is to restart a Saudi - Russian oil price war (the major driver of gas prices through 2 3/4 years of his administration, drive the spot price down to 40 bucks, and kill the US domestic industry in the process.

Yet somehow the Trump masses are glomming onto his promise to halve the price of gas.

There's one born every minute.

Only way we are getting back to Trump's lowest gas prices is a global catastrophe..again..which we are still paying the price for with interest.

I know it usually goes down but we went from 3.32 to 2.98 over the weekend. That's a hell of a move

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(09-09-2024 09:20 PM)fsquid Wrote:  I know it usually goes down but we went from 3.32 to 2.98 over the weekend. That's a hell of a move

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Its down to $2.59 in MS…
I guess Trump’s promising to cut it down to $1.30

(09-09-2024 09:50 PM)Marc Mensa Wrote:  

(09-09-2024 09:20 PM)fsquid Wrote:  I know it usually goes down but we went from 3.32 to 2.98 over the weekend. That's a hell of a move

Sent from my Pixel 6 using Tapatalk

Its down to $2.59 in MS…
I guess Trump’s promising to cut it down to $1.30

Brilliant. MS probably has the lowest gas prices in the country.

He did have it down to $1.70 or so in my town in 2020. Biden managed to jump it to $3 in a short time, and as high as $3.50 or so, IIRC.

(09-09-2024 10:34 PM)TripleA Wrote:  

(09-09-2024 09:50 PM)Marc Mensa Wrote:  

(09-09-2024 09:20 PM)fsquid Wrote:  I know it usually goes down but we went from 3.32 to 2.98 over the weekend. That's a hell of a move

Sent from my Pixel 6 using Tapatalk

Its down to $2.59 in MS…
I guess Trump’s promising to cut it down to $1.30

Brilliant. MS probably has the lowest gas prices in the country.

He did have it down to $1.70 or so in my town in 2020. Biden managed to jump it to $3 in a short time, and as high as $3.50 or so, IIRC.

Hey, lets slam another pandemic and crash gas demand. Get it back down to the price 'he [had] it down to'.

Are you now crediting Trump with introducing the pandemic effects? Cool cool.

This board is fun at times.

If peeps on the board think any US President since Nixon has materially affected the price of gasoline with policy -- they are just either stupid or crazy.

Gee, Clarence, where have you been? We missed you. Out on bail?

A lot happened here in the day or so you were out. Glad to see you made it back.

(09-09-2024 10:58 PM)TripleA Wrote:  Gee, Clarence, where have you been? We missed you. Out on bail?

A lot happened here in the day or so you were out. Glad to see you made it back.

Glad to see you back to your typical level of discussion. Makes even your comment about "Trump had gas prices down to xx" look good.