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Redwingtom Offline
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Post: #221
RE: Gas Prices
(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! 04-chairshot
03-lmfao03-lmfao

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.
[Image: des2201c5.png]

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. 07-coffee3
(This post was last modified: 01-31-2023 02:40 PM by Redwingtom.)
01-31-2023 02:38 PM
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Eldonabe Offline
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Post: #222
RE: Gas Prices
(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. 01-wingedeagle

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.....
(This post was last modified: 01-31-2023 05:42 PM by Eldonabe.)
01-31-2023 02:51 PM
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WalkThePlank Offline
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Post: #223
RE: Gas Prices
My guess is Joe is happy when gas increases because it makes alternative green energy more affordable.
01-31-2023 04:08 PM
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b2b Offline
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Post: #224
RE: Gas Prices
(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 04:14 PM
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gdunn Offline
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Post: #225
RE: Gas Prices
(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. 01-wingedeagle

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 04:40 PM
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Marc Mensa Offline
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Post: #226
RE: Gas Prices
(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.
02-01-2023 11:06 AM
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