Reply to $7/gallon gas is coming

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Reply to "$7/gallon gas is coming"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I personally don’t give a crapwhat goes on in the Ukraine.  We buy oil from tyrannical government’s all the time.

We should import oil from whomever we can until we get our factories and refineries up to production.  Then once to do that become the biggest exporter and ban all imports of oil from overseas. Bidens terrible energy policies and his failure to have any sort of foreign diplomacy strategy has killed the American economy more than it already was under his watch[/quote]

Do energy companies, who made huge profits in 2021, bear any responsibility in this issue? Just curious what your thoughts are on their role.[/quote]

The fact that they made such massive profits exposes the lie.  They are profiteering.  The private sector has vastly more to do with the spike in gas prices than anything Biden is doing.[/quote]

It always comes down to government meddling. In a mostly-free market, producers can't just charge whatever they want. They are subject to changes in consumer demand as well as competition. The only time that producers can charge a premium above fair market price is if there is some abnormal increase in demand or restriction in supply. Joe Biden's policies have severely disrupted the domestic supply of energy to the extent that there are no good/quick domestic options to make up for the shortfall, and thus prices rise.

Given that gas prices are driven by futures prices, Joe Biden can cause an immediate adjustment in crude oil prices by greenlighting pipeline projects or resuming the leasing of government land for oil exploration. These supply assurances will cause crude futures to drop, translating to a direct decrease in gasoline prices at the pump.

The question is not how to lower gasoline prices, but whether Biden has the balls to do it, knowing that the progressive wing of the Democratic party will tar/feather him if he goes through with this. [/quote]

Yeah, sure, "government meddling."  Bear in mind that the oil companies would not have any prospects at all were it not for the government leasing federal lands to them at ludicrously low prices.  But that's "meddling and interference."  And sure, it's "government meddling" to expect oil companies to use best practices and minimize pollution, and be responsible for any mess they make.  How horrible of that evil government.  How dare they get in the way of corner-cutting profit-making.

Bear in mind those oil companies would not even be able to move oil around the country without the government allowing eminent domain land acquisition taking, for pipeline companies to take that land away from farmers, families, businesses, native tribes and others at a pittance compared to what it's worth.  And how dare the government expect them to be responsible where it comes to how and where they build that pipeline, given all of the disastrous pipeline leaks that already happened.  How awful, how shameful, the government is so mean and cruel and hateful.  Pipeline companies should be allowed to pollute aquifers and kill off endangered species if they want to.  As long as they are rolling in the dough none of that matters.  [/quote]

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