$7/gallon gas is coming
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
https://www.azcentral.com/story/opinion/op-ed/2022/03/10/president-price-gas-russia-covid/9451871002/ |
Anonymous
| What would Republicans like the president to do exactly? Just curious if they have any great ideas. |
Anonymous
|
Biden’s policies on full display:
1/20 cancels keystone pipeline 1/27 halts new oil and gas leases 2/19 rejoins Paris accords 5/7 takes 30% of land off limits to oil and gas 6/1 halts drilling in ANWAR 6/30 Democrat congress overturns Trump National has regs 10/7 Biden reverses NEPA Trump era regs 10/29 Biden’s DoI begins “Social Cost of Carbon” 11/15 moratorium on drilling in Chaco Canyon The coast of gas had already shot up then to 3.20 to almost 4 dollars a gallon then 2/2022 Russian invaded Ukraine 3/1/2022 Biden releases some strategic reserves that Trump had built up 5/12/2022 Biden cancels all remaining lease sales Fact is under Trump: Low or no inflation. Booming economy Low fuel prices - even before COVID No new wars No Russian invasions Booming economy No food or formula shortages Under Biden: More COVID deaths than under Trump despite Trump fastracking vaccine Russia invaded Ukraine Formula shortages Food shortages Skyrocketing inflation Skyrocketing fuel prices Disaster out exit from Afghanistan Iran bombs US embassy Under Obama: Low GDP Stagflation Russia invaded Ukraine High fuel prices Extended war in Afghanistan People should ask themselves- are they better off no thab two years ago? Three years ago? Nope, most are not. I know people who are skipping prescriptions and wonder whether they’ll have the money to fill their tank or should they eat that day. 25% of Americans of retirement age now have cancelled their plans to retire due to Biden’s economy. This fall and 2024 the choice is clear, Biden and the democrats need to go if we expect to remain a first world country |
Anonymous
| Two years ago I was stuck at home doing virtual third grade and trying to keep my job, while fearing mortal peril due to uncontained pandemic. So yeah. Things are looking up even though I eat out… slightly more than I did two years ago, but maybe less than three or four years ago. |
Anonymous
I understand that you desperately want to blame Joe Biden, but the op-ed you posted neither establishes Biden's culpability nor disproves the role the global economy has played. I'm not surprised a gullible partisan like you is attracted to this op-ed, but I've seen better-reasoned pieces in high school newspapers. |
Anonymous
It’s kind of you to reply to that right winger like they’ve attempted an honest point, but they spam this forum with that, and never once answer facts like the fact that Keystone 1) hadn’t started moving oil and 2) was a total boondoggle. The fact is that oil and gas companies are price gouging and the GOP supports that. Anyone who thinks that we’d be better off under a Republican again is either a member of the cult or is smooth brained. The GOP wouldn’t do jack about prices. We are so much better off under Biden. |
Anonymous
It seems you don’t understand basic economics When the Biden administration took over on January 20, 2021, it immediately began a “war on fossil fuels” under its green agenda, heavily weighted toward substantially reducing U.S. greenhouse gas emissions. One of President Biden’s first acts was to terminate by executive order construction of the Keystone XL pipeline. He wrote, “Leaving the Keystone XL pipeline permit in place would not be consistent with my administration’s economic and climate imperatives.” Those we’re his words What Biden and Democrat cult fail to see is that termination of the pipeline construction reduced the anticipated domestic and global supply of oil in the future and, therefore, increased future oil prices above what they would have been (as economists Dwight Lee and David Henderson argued years ago. The hike in anticipated future prices likely caused producers in the United States and around the globe to hang on to their current oil reserves in anticipation of higher future profits. They can do this by reducing their current and future drilling, leaving their easily accessible known reserves in the ground, and holding on to a greater fraction of their stored output. If the Biden administration announced a restart of the Keystone pipeline, oil producers would reverse their thinking, because anticipated future oil prices would fall with the greater future supply at lower cost, which can be expected when the Keystone becomes operational. This means they could anticipate that they future profits would fall below levels previously anticipated. Producers could be expected to increase current market supply drawn from reserves, which would put immediate downward pressure on the current price of gasoline at the pump. See Dwight R. Lee, 1978. “ Price Controls, Binding Constraints and Intertemporal Decision Making,” Journal of Political Economy, Vol. 86, No. 2 (April 1978), pp. 293-301; and David R. Henderson, 2018 https://www.jstor.org/stable/1830066 |
Anonymous
You are free to frantically search for as many 40 year old papers that you think prove your point as you please, but the fact remains that oil is a global commodity and its price is affected by more than hypothetical pipelines in the United States. |
Anonymous
| How soon we forget that the US was energy independent less than 2 years ago. Actions by 46 have impacted pricing and costs for our society... l |
Anonymous
Energy independence is a meaningless buzzword and doesn't mean that we get to set our own prices. I'm sorry to hear you've fallen for it. The price of oil is determined globally. Exxon isn't going to sell oil in the United States at a discount out of the goodness of their hearts. They'll export until the global price and the price in the United States equalize. The end result is that prices here harmonize with those of rest of the world. |
Anonymous
|
In 2019 the US peaked in energy production. The 2020 numbers reflect the shutdown yet even in 2021 we were below peak production. The US can once again be energy independent, yet we all know the eco-fascists in the WH won't allow
https://www.eia.gov/totalenergy/data/browser/index.php?tbl=T01.02#/?f=A&start=200001 |
Anonymous
Energy independence is a meaningless buzzword and doesn't mean that we get to set our own prices. I'm sorry to hear you've fallen for it. The price of oil is determined globally. Exxon isn't going to sell oil in the United States at a discount out of the goodness of their hearts. They'll export until the global price and the price in the United States equalize. The end result is that prices here harmonize with those of rest of the world. |
Anonymous
I guess because some random nobody on DCUM Said it it’s true Fact remains. We were energy independent and fuel prices were low. What liberals fail to realize is the following: Oil and s based on speculation. As noted above wheb the Biden administration shot down the pipeline and therefore cut leases prices went up because oil companies held in to reserves as they knew new production wasn’t going to take place. You refusal to see the facts shows your cognitive dissonance. |
Anonymous
| Today after a 15 minute meeting, OPEC agreed to increase production in July by 200k barrels more per day (638k vs 438k). Meanwhile Biden is planning a trip to Suadi Are able later this month. Remember when he called MSB a "pariah"? |