I accidentally saw this again. This totally supports what I was saying. The US exporting a buttload of oil, charging those countries top dollar equals their high profit margins.
Been in the oil business 30 years and on his first day his executive orders help to kill production. He then spouts off numerous times about shutting down fossil fuels so companies are reluctant to invest. KEYSTONE KEYSTONE KEYSTONE. I could write a book on this topic. Told my friends his first day in office gas was going to 5 a gallon and that was without Ukraine. I could go on and on... Read my post #134 for other relevant info
No, I think it's silly to even think Trumps administration was fighting "tooth and nail" to keep gas prices low to keep minimum wage low. No connection. While I would agree minimum wage should increase, raising it almost double only increases inflation that much more, but gas has little effect.
Incorrect. Prices were on a steady DECLINE up until election day. The very next day, prices headed north. Crash the oil market? How? our supply, demand, and prices were good for almost 4 years. Look, Biden is begging for OPEC to send more oil. Why isn't he making it better for our oil companies to use their oil here instead of shipping it elsewhere? We WERE more energy self sufficient under trump, like it or not.
Crashing the oil markets? He opened up production opportunities so our supply outpaced our demand. That's why prices were low. I don't like Trump but he knew low inflation and economic growth are built around an inexpensive source of energy. And he was correct. If Government would work with industry we could have inexpensive energy and be energy independent. Personal opinion, the sweet spot for oil for the consumer and energy companies is between $50 and $60 a barrel. Energy Companies stay profitable and can replenish the supply and consumers would have gas between $2.25 and $2.50. If anyone should love Biden it's me. These high prices mean job security, But what's good for me is horrible for the country. Bottom line, we could be energy independent with low prices, our Government chooses us not to be. Now go buy your Tesla
A decline from $5.60 to $5 is not a decline. When it's back under $3 now that is a decline. I knew that would happen. Gas will go down to like $4.50 and the White House will say gas prices are down. 😠😠😠
"Biden admin to block new offshore drilling in Atlantic and Pacific but limited lease sales in Gulf of Mexico in a new 5-year plan. Dept of Interior proposal is consistent with transition to "clean energy economy.""
Great idea, but stupid solution. If only everybody would stop being so greedy and help others. If only we were a socialist country and capitalism were illegal.
I am not defending trump, per se. I believe he did a shitload better job than the fake president we have. Do NOT misunderstand me as I have firmly stated this a bazillion times. Trump is an idiot when he speaks. I do NOT want him to run again. Trump hurt your feelings....I get it. But he seriously wanted America first. ALL economic numbers show it. Biden is a puppet and has zero clue about anything. (see his instruction card on what to say and where to sit) His people have totally screwed our country.There is obviously a plan to move to clean energy. What comment is needed? I’ve been consistent in my posts. I have no need or urge to defend President Biden. His handling of high gas price is doing us no favors. He is just not the reason gas prices are high.
Not one US Oil Market crash under Trump? Then why did 200 US oil companies and 4 refineries close?
Did you really ask “If that WAS true, wouldn't prices gone up?” What has this thread about?
Gas was $1.77 in April 2020. Trump left office on Jan. 20, 2021 and gas was $2.39 a gallon. So yes, gas prices were already going up.
What Joe Biden policy forced US Oil to export more? Was it an executive order? What was it?
Have Biden Administration Policies Reduced U.S. Oil Production?
Republicans have ramped up their criticism of Biden's agenda as Russia-Ukraine crisis throws the global energy market into a tailspin.www.newsweek.com
Nobody said Trump started a war. I listed actual reasons that caused gas prices to go up. The war in Russia is one of them. The Pandemic has not been handled well - to date. Interesting that by default you needed to defend Trump and attack democrats.
Of course I still wear a mask. There are anti-Fauci lunatics out there.
Biden supporter here.
Lets be honest, he hasn't "owned" any of it. He defects and finger points it all at someone else...everyone else.
Lies
Let’s say for the sake of argument, that Biden is able to dictate gas prices without other factors. Why would a president want to have his country paying $3 more per gallon? Why would he think that’s a good idea or would be popular?
Wonderful strategy to appease his climate base. I applaud his strategy lets reduce supply and nothing will happen. He's above normal way of thinking
President Biden and his mean tweets about the US Oil and Gas industry! How are they supposed to enjoy their record setting profits?
