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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
The gas station near my house in Bethesda went over $5 a gallon.

This is due to Putin's poor choices. Not the fault of the US or any other country.

Worse, millions in Africa and Southeast Asia are at risk of starvation from Russia's wheat export blockades and Ukraine's inability to sow next year's crop. [/quote]

[b]Explain the increase in prices from January 2021 to February 2022.[/b]

(Hint:  It wasn't because of Putin.  It had everything to do with Biden's policies that he repeatedly advanced during his campaign.  He is determined to "rid the world" of fossil fuels even though the world is nowhere ready.)[/quote]

Because worldwide demand for oil increased as COVID receded and vaccines enabled economies to begin recovering in earnest. This isn't complicated.[/quote]

[quote]On his first day in office, the president canceled the Keystone XL pipeline and suspended new federal oil and gas leases. He followed those moves by hiking the drilling fees on federal land, mandating that all federal vehicles be zero emission and is considering shutting down a second pipeline from Canada, the L5.

None of this was a surprise. Biden bragged about his anti-energy campaign during the presidential campaign.

"No more drilling including offshore,” Biden said during a 2020 primary debate. “No ability for the oil industry to continue to drill, period. It ends."

Actions have consequences; high gas prices are the predictable result.

After banning Russian oil, Biden hasn’t quite figured out how to replace it. In a little over a year, America went from energy independence to buying about 10 percent of our fuel from Putin.

After funding the Kremlin’s war machine, he’s now begging the autocrats running Venezuela, Iran, and Saudi Arabia to put more oil on the market. Let’s hope their expansionist aims aren’t as intense.

For some reason, it’s “green” to drill oil in the Middle East and ship it halfway around the world instead of just drilling for it here or in Canada under strict environmental rules. Must be the same reason it’s ecofriendly to ship oil on trains and trucks instead of through a pipeline.

The president announced a plan to reopen the strategic petroleum reserve, which won’t move the needle much. Aside from that, his administration suggests we buy electric vehicles.

Transportation Secretary Pete Buttigieg enthused that families who buy electric vehicles "never have to worry about gas prices again."

I don’t have $50,000 lying around but maybe I’ll buy a few lottery tickets.

“We're working through an energy transition,” Energy Secretary Jennifer Granholm said, The reality is we have to take some time and get off of oil and gas.” Granholm also insisted we must “do everything we possibly can to keep fossil fuel energy in the ground.”[/quote]

https://www.azcentral.com/story/opinion/op-ed/2022/03/10/president-price-gas-russia-covid/9451871002/[/quote]

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.[/quote]
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 [i]so[/i] much better off under Biden. [/quote]

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

[/quote]

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.[/quote]

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