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Reply to "$7/gallon gas is coming"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Biden administration wanted less domestic energy production and distribution. We got it. [/quote] Which has zero impact on the gallon of gas for a car cost. That is pegged to the global market.[/quote] People really do not understand OPEC and markets, do they? I can't tell if they are being deliberately obtuse to score a cheap political point or if they really are this uninformed. First, "Domestic natural gas production increased in recent years The United States produces most of the natural gas that it consumes. Annual U.S. dry natural gas production generally increased from 2005 through 2019, and U.S. natural gas prices generally decreased during the same period and have been less volatile since 2010." https://www.eia.gov/energyexplained/natural-gas/factors-affecting-natural-gas-prices.php BUT no matter how much we produce, the price of gas is absolutely determined by OPEC ftmp. Read this to better understand: "Why Are Oil Prices So High When The U.S. Remains One Of The World’s Largest Producers?"https://www.forbes.com/sites/daneberhart/2021/11/13/why-are-oil-prices-so-high-when-the-us-remains-one-of-the-worlds-largest-producers/?sh=218cc1cddfce Biden's policies are such a small part of the overall issue.[/quote]
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