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You've got this point 100% wrong.
On day 1, after Biden was sworn in, he signed multiple Executive Orders, specifically ending the Canadian XL pipeline. He's been on a purposeful path to kill the oil and gas industry. He's ended franking, which was a MAJOR source for oil and natural gas. He's held back and canceled leases for oil exploration, in an effort to force the American public to use "green energy" as part of the Green New Deal.
EVERYTHING Biden has done, is to purposely CAUSE higher gasoline and fuel costs for the entire nation! Even his release of our strategic fuel reserves did extremely little, and he knew that. Then he has the GALL to go to the Saudis to ask them to produce more when the US is quite capable of extracting our own oil.
EVERYTHING we use, consume, operate, run, and exist on, REQUIRES fuel of some type (gasoline, diesel, propane, natural gas, electricity, etc...). When you purposely direct different Gov't departments to restrict the access to these, you WILL cause an increase in overall costs for EVERYTHING! That includes the food you eat, to the clothes you wear.
Blaming oil companies and the Russian invasion of Ukraine on higher gasoline costs is a complete LIE and Biden knows that! The US was energy independent when Trump was in office. What happened since is ALL Biden's fault! This guy is worse than Carter was. Carter is about the ONLY one happy with Biden.
I’m so glad you said what you did. The left has been clamoring about going green and electric cars for a couple of years.
This is the perfect tool to force everyone on board. Less than a year after him taking office gas prices were already $1 more a gallon here.
Now they have the war to blame. I believe this is intentional.
Off the topic but I believe the way most of the media portrays mass shootings is to illicit more of them, not for ratings but with the hopes more will happen so the American public will go along willingly with stricter gun control.
There are no shortage of articles about left wing media sources that intentionally skewed and misrepresented facts to get Trump out of office. This has been openly admitted in a Newsweek article and several other sources.
The bottom line is these left wing scum are so hell bent be it going green or gun control or whatever that they will do anything no matter how dishonest to implement their agendas.
@Exterminatore - I fully believe you're correct about how the media portrays mass shootings too. Their goal is to "sensationalize" every mass shooting to push an anti-gun agenda. There are FAR more times a gun is used to PREVENT a mass shooting or someone getting killed. Just read a story on Fox News about a Houston woman who killed a guy who broke down her front door. There were several people in the house. Had she not done that, we'd be reading about a mass shooting and how several people were killed. Don't get me started on that topic.
Biden's been an idiot all his life. He's accomplished NOTHING during the 48+ years he's spent in politics. What I'd like to know is who's pulling the puppet strings on him right now. It's totally obvious he's not in control of anything. What's worse is his wife going along with this complete farce, while they use a dementia-ridden individual for their gain. His entire plan has been to destroy America. This is exactly what Obama wanted during his time in office. Remember when he said something to the effect of, "Help me, while we re-make America!" I definitely don't want any part of his "re-made" America.
Everything you’re saying has been exactly my own words. I feel like I’m reading my own words when I read yours.
It’s clear Biden is not in control. I’ve been saying all along “shame on his family and the Democrat party.” They’re manipulating a sick old man and his family is allowing it. He should be in a hospital.”
I like you despise this new concept of America these fools have.
@Exterminatore - You hit it on the head with the term "fools". Those who follow the stupidity of Democrats are absolute fools. I have a difficult enough time voting for some Republicans, but Democrats? No way I'd want ANY of them in ANY official position.
Agreed. My main problem with Republicans these days is they talk the talk but don’t walk the walk.
This is not how commodity markets work. The companies don’t fix the supply and if US-based companies tried that the people involved would face criminal charges. Also, did the oil companies decide to screw themselves in 2020 and send oil prices below zero? After all, if they control the price why would oil ever be cheap? Makes no sense. The price is a consequence of supply and demand:
The 2007 price peak was caused by actually reaching peak oil with conventional drilling. This made “fracking” economic so the practice (after some trial and error) unlocked a lot of production in some US oil producing areas. Supply outstripped demand and the price fell.
The current high price was caused by several trends that discourage production. Remember those checks the USG sent during covid? The direct paychecks, paycheck protection loans, etc. basically sent money to people while their productivity was restricted. This is inflationary and put upward pressure on oil prices. Trump, Biden, the whole USG were directly responsible for that, not the companies. Remember 15 years of quantitative easing? Inflationary, puts upward pressure on oil prices. Big oil companies are incentivized against producing oil due to ESG scores. They’ve thrown tons of money at green tech projects. This causes oil supply to go down. Obama was the one responsible for that. Canceling projects that are approved by the USG and in progress? That is banana republic behavior that massively discourages any major long-term investment. Biden and co. did that. Imposing an embargo on Russian oil and transport? It restricts supply to the West and temporarily to the world. This doesn’t hurt Russia (their revenue from oil and gas has tripled). It is an insane policy that hurts us. The Biden Admin did that, not oil companies.
But sure, just blame everything on greedy companies. See where doing so gets us.
Unless the government passes laws and regulation that give special advantages to large corporations, competition would prevent large oil companies from exploiting the public. It may be good politics to blame greedy businessmen for price increases. However, prices are not increasing because business are greedy, prices are increasing primarily because the government and the Federal Reserve are counterfeiting too much money. Legally, they may not call it counterfeiting but when they create more money backed by nothing, in effect, that is counterfeiting.
I must have missed your brilliant explanation for it. Joey is pushing for the green new deal, because he has a gun to his head by his handlers. Joey is NOT the president of the United States. He doesn't even know what day it is. It's all an illusion, and you're falling for it. We put a man on the moon, but Joey can't figure out how to unload supply ships. You're moronic president can't even provide baby formula.
Opinion
23Opinion
That’s it right there💯💯💯
Oil companies are big Republican campaign donors, so no one from the right is going to call them out and tip over that cash cow. And even better, they can blame the guy from the opposing party while they’re at it.
Everyone these days basically just adopts whatever their chosen news source says as their “beliefs.” It’s devolved into something similar to blind loyalty to a sports team, people tie their own personal pride up into it, it’s pretty wild to see. I hear what my dad hears on FoxNews, and within a day or two, here and other places, what they said becomes the talking points I hear from everyday people, passing it off as if it’s their own original thought, no less. It’s just parroting. The left does it too, it’s everybody, nobody thinks for themselves anymore, and it’s like you have go down and put a checkmark in every box of that party’s declared position or you’ll get called a traitor or some shit. I can’t be conservative but pro-choice? I can’t be liberal but pro-2nd Amendment? So basically have no individual opinions and just go with the party lines? Gotcha🙄😒
So the party out of power probably bitches the most at a given time, so right now it’s Republicans. Plus, Trump has half of these people actually believing the election was stolen, so it’s even worse. Republicans are never going to say Biden is doing a good job with anything, EVER. Bet the farm on that. Oil prices are up, worldwide…. Biden’s fault. Economic inflation worldwide…. Biden’s fault. I mean, to have these guys tell it, the guy they call Sleepy Joe must be pretty powerful to have all this global impact😂 I don’t care either way about Biden, I’m pretty neutral about him. It’s just aggravating to know that so many people are either very stupid and uninformed or very petty and immature, and honestly it’s likely a combination of all of that. YIKES.
He reentered the Paris Climate Accord, canceled the Keystone pipeline, halted leasing programs in ANWR, issued a 60 day halt on all gas leases and drilling permits on all nationwide federal lands and waters (accounts for a quarter of all US oil production), directed agencies to eliminate all support for fossil fuels and placed regulations on oil, gas and methane emissions. All of which reduces the supply of gas and in turn raises prices.
This was all within the first couple days on office. How much more damage does he need to do before we are to admit that he at least plays a role in these gas prices reaching the highest it has ever been? I mean California us changing their signs to allow the display of $10+ of gas and many stations are still out of stock.
Sorry Laurie, you are dead wrong on this. Policies can easily change prices in many industries. High regulatory burdens will cause price increases more times than not. A potus that signs executive orders to either ease production obstacles or create them absolutely will affect production, and therefore prices. Liberals want to say there are thousands of leases and permits that could be used. And that the greedy oil companies are only leaving them unused because they are making more money not using them. Then explain why they were being used before Biden's policies were enacted. Clearly liberals are liars.
The truth for their position is about money. They and their supporters are heavily invested in so called green energy. They need fossil fuels to go away to make them even more rich. Fun fact.. the richest people in America are liberals. These are the true villains in our country's story.
What is your evidence to back up YOUR claim?
The Biden Administration is to blame because people correctly realize that it has deliberately driven up gas prices to force its "Green New Deal" on the country. It has abused its regulatory power and created a business climate in which investment is curtailed.
As former President Harry Truman had on his desk "The Buck Stops Here" ... the President is the leader of the country, and is blamed for everything wrong. To be fair, teh President also gets credit for things that are right... at least some of the time.
A lot of that happens because gas prices have an immediate effect on people's lives, and they impulsively blame the guy in charge when something happens that they don't like.
In this case, Biden's environmental policy is actually the cause of the rising gas prices though. The way you can tell is that the US's petroleum deposites are no longer being accessed, and that decrease in supply is raising everyone's prices.
Being energy independent would have gone a long way towards slowing and even stopping rising energy prices. Biden put a stop to this on Day1 and the results are just as expected. Prices started to rise almost immediately. Biden and his lackeys are blaming Putin for this but it has been shown that prices rose long before Putin decided to invade Ukraine.
but biden took very specific actions that caused this
1. he shut down the keystone XL pipeline at the very first month he was in office... that added up to a lot of oil we didn't get
2. he refused to grant new drilling permits on federal land
so as you can see he has massively reduced oil production and transport in america
Yeah and what about other countries? You blame Biden for their ridiculous high gas prices too?
It's the damn oil companies. Quit defending the people responsible for screwing you over because they are rich. They don't give a damn about you nor your family. 😏
yes the actions of biden making oil production lag over here did raise oil prices everywhere else too
i gave you 2 concrete examples of how biden rasied oil prices. it may not be the only thing... but it sure as hell made it worse
Bull. I remember when gas prices were high as hell when Bush was in office in 2008.
so? different time, different causes. the entire oil industry has changed since 2008. we became oil independent in 2018 and were totally immune to global oil prices abroad... then biden came along
Well opening up the key stone pipeline and making more efficient fiscal policy in regards to energy would help. There's already a lot of negative externalities that have been eliminated in energy production. The Biden administration is basically putting on a show and irrationally pushing this environmental agenda creating deadweight loss. All that being said, there are a lot of other reasons why supply is so low. Taking precedence is the the fed reserves out of control asset and bond purchases.
Ehh, theyre job is to be a punching bag. I think in some ways it keeps our politicians fighting for us. I can imagine biden’s team going nuts over his low performance polling. Good. Let him make it right.
But yeah, there's always multi faceted issues that drive gas prices and inflation. I just read a column by an economist who claims this inflation is a good thing.
Biden is the most POWERFUL president ever. He caused inflation in JAPAN. He cancelled keystone and raised prices in Canada!!
Ok all that is absurd nonsense, but what do you expect from people who think Fox and newsmax are credible sources?
actually, they're soooooo educated that they KNOW Biden is at fault, when he takes the country from being "energy independent" to dependent on oil from other countries in his first damn month. We also know that it was him and his executive orders that slowed down American oil production. He also chose to take credit for 4th of July cookouts costing us 16 cents less a year ago, so why wouldn't he own it when everything COSTS MORE now? He clearly has the power to effect price changes.
He did place extreme limits on fracking which is a contributing factor as well as require permits be granted for new drilling. Both are factors in the current situation. Less oil on the market means higher prices.
Biden's executive order preventing permits for drilling in the USA and in the Gulf of Mexico is directly responsible for the increase in gas prices.
Yeah, I guess the reason it is expensive worldwide is all Biden's fault. The truth hurts, I guess.
1. he shut down the keystone XL pipeline at the very first month he was in office... that added up to a lot of oil we didn't get
2. he refused to grant new drilling permits on federal land
@007kingifrit
My understanding is that the Keystone oil was going to be exported out of the US. It was never destined for American pumps.
And don’t oil companies already have about 13.9 million acres of unused land set aside for drilling? (According to Katie Porter, and not disputed by the oil executive she was questioning.) Which means those leases are for drilling years and years from now.
Now I admit my minimal knowledge on this subject, but it sounds to me that neither of those things you keep repeating actually have that much of an impact on today’s market.
@UCrayCray oil is a commodity sold world wide. Let's pretend you're a saudi oil barron. You control how much oil you drill. You hear on TV from the president of the united states that he's killing oil pipelines, ending leases and drilling permits. he also states that he's going to get the US off fossil fuels. You know he can't do that, so why pump a bunch of oil? Better to keep the supply low to jack up the price. THEN you hear him sanctioning Russia. Even LESS Supply. Well now it's a gold mine.
OR
You're the same saudi oil barron. You hear the president of the US state on TV "we're going to drill domestically for as much oil as we can find. We want the US to be energy independent". Well fuck. If the US is energy independent, they're not buying your oil. Plus all that supply is going to weaken demand for your oil so you'll have to lower your prices. PLUS, you currently have active production, you know the US oil companies may take years to ramp up production. So better to flood the market and lower the price now so that it's not financially worthwhile for that production to even start...
Yeah, the POTUS doesn't have a dial to set the price of oil, but to pretend that Biden's actions have no effect on oil prices is fucking retarded.
@UCrayCray Yeah the price to drill thouse lots went into the hundreds of thousnds dollars with nothing to prove they hit oil or nothingAlso now the government is revoaking permit issued. this is the way the Democrats can force The Green Deal on us. Nuclear power is a very dangerous to use because of the highly toxic fuel rods no way to get rid of them toxic for tens of thousands of years The ever present Greed of builders to take shortcuts to increase profits at the expense of saferty. . Yes the oil was goin onto the open market. Now answer this how much would a barrel of oil cost if there werefifty million barrel for sale with no pipeline or onehundred million barrels a day with a pieline. WHICH WOULD BE CHEAPER
@DARKCLOUD1945X nuclear power is the cleanest, safest source of energy we know as of today. The amount of nuclear waste you personally would create in a lifetime is about the size of a soda can.
@joeldalton times 7 billion people that is 7 billion coke cans what the hell do you do with them plus the tens of thousands of pound of spent rod we have then you got the meltdown in russia and damage to the plant in Japan. safe far from it
@DARKCLOUD1945X by far the safest method of energy generation in the world.
@UCrayCray not quite, it was imported to america to refine and would have been sold in many places... but so what? less oil = higher oil prices everywhere
no, oil driling is a speculation driven market and if they don't have new fields to drill in the value of the old ones must go up
in short oil drilling is way more complex than you understand
@007kingifrit
@joeldalton
@DARKCLOUD1945X
Thanks for the responses guys. I will marinate on your thoughts
Cheers
@UCrayCray That why we are here to give other opinions.
The Global economy that developed in the 80s gave politicians even those on the other side of the planet more control over the economy than ever before.
Politicians aren’t officially setting the prices, but they are making decisions with the direct effect of driving them through the roof
Yeah, kind of like how the democrats don't get any credit for when the economy is going well, and the republicans never get blamed when it's bad.
Yes, I blame the oil companies. But I also blame Biden for bending over and taking it up the ass from them and bringing a bottle of lube and a ball gag for their convenience.
When gas prices fall, why? Companies will forget to be greedy?
They spike up to ridiculous amounts about 10 to 12 years apart to make a ridiculous amount of money in that then bring back down because it's simply not sustainable long term for the average consumer.
Lmao. You really don’t understand how supply and demand work, do you.
You just love to kiss and worship the wealthy 🍑 while they exploit you and your family to enrich themselves. Typical American conservative.
I understand there's a character limit, but that was a lot of words to type 'no'.
Oil companies play a part but Biden did cut domestic production. And to think that had zero effect is foolish.
Biden simply hasn’t been helping the cause
Exactly.
Same reason as to why some people are poorly educated in the use of English.
It is Biden’s fault. He shut down our pipelines, causing tons of people to be out their jobs, and make us dependent on others for energy.
People aren’t the brightest
1. he shut down the keystone XL pipeline at the very first month he was in office... that added up to a lot of oil we didn't get
2. he refused to grant new drilling permits on federal land
@007kingifrit except that the pipeline's shutdown didn't increase it all that much. Not to mention, you know, covid, Putin and all
@Sirenboobzilla that wasn't a very sophisticated answer "not much" is still some. and you don't know how much or little it really was
you also ignored #2 entirely
Very sophisticated of you to think I don't know
just as Americans blamed the prior for Covid
Agree 100%
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