Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gas leases available or being cancelled today do nothing for gas prices today.

The main issue is that Saudi Arabia is siding with the Russians against the US and the west.

Period.

THIS. Supply is politically constrained by Saudis/OPEC and then the Russian embargo. U.S. producers are still not back to pre-COVID capacity, but they are re-opening. Some are slow-walking it on purpose.

The issue as I see it is that the transition from fossils to green will be slow and take decades. Fossil industry will have a difficult time justifying 20-30 year investments when they know more and more will be invested in green tech and EVs. What we have is a market failure that will require the federal government to step-in and coordinate sufficient supply and investment for national security reasons.

Yep.

I guess I shouldn't be surprised given that 74 million people voted for Trump, but I'm constantly amazed at the sheer number of people who are operating under the assumption that presidents can control gas prices and inflation using knobs on their desk.

Simpletons have simplistic worldviews, I guess.

Your statement is ridiculous.

Presidents absolutely have an impact on gas prices AND inflation when they implement policies that are detrimental to economic growth AND spend money that we don't have.
Biden has done both.

And, then, the people in the top levels of his administration cannot even admit that gas prices are too high.

Look, one of the simpletons I was talking about.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gas leases available or being cancelled today do nothing for gas prices today.

The main issue is that Saudi Arabia is siding with the Russians against the US and the west.

Period.

THIS. Supply is politically constrained by Saudis/OPEC and then the Russian embargo. U.S. producers are still not back to pre-COVID capacity, but they are re-opening. Some are slow-walking it on purpose.

The issue as I see it is that the transition from fossils to green will be slow and take decades. Fossil industry will have a difficult time justifying 20-30 year investments when they know more and more will be invested in green tech and EVs. What we have is a market failure that will require the federal government to step-in and coordinate sufficient supply and investment for national security reasons.

Yep.

I guess I shouldn't be surprised given that 74 million people voted for Trump, but I'm constantly amazed at the sheer number of people who are operating under the assumption that presidents can control gas prices and inflation using knobs on their desk.

Simpletons have simplistic worldviews, I guess.

Your statement is ridiculous.

Presidents absolutely have an impact on gas prices AND inflation when they implement policies that are detrimental to economic growth AND spend money that we don't have.
Biden has done both.

And, then, the people in the top levels of his administration cannot even admit that gas prices are too high.

Anonymous wrote:The elite left want gas and oil prices to go up, up, up. They say it publicly from time to time. There is nothing wrong with that position. They should own it.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gas leases available or being cancelled today do nothing for gas prices today.

The main issue is that Saudi Arabia is siding with the Russians against the US and the west.

Period.

THIS. Supply is politically constrained by Saudis/OPEC and then the Russian embargo. U.S. producers are still not back to pre-COVID capacity, but they are re-opening. Some are slow-walking it on purpose.

The issue as I see it is that the transition from fossils to green will be slow and take decades. Fossil industry will have a difficult time justifying 20-30 year investments when they know more and more will be invested in green tech and EVs. What we have is a market failure that will require the federal government to step-in and coordinate sufficient supply and investment for national security reasons.

Yep.

I guess I shouldn't be surprised given that 74 million people voted for Trump, but I'm constantly amazed at the sheer number of people who are operating under the assumption that presidents can control gas prices and inflation using knobs on their desk.

Simpletons have simplistic worldviews, I guess.

Anonymous wrote:

Anonymous wrote:Gas leases available or being cancelled today do nothing for gas prices today.

The main issue is that Saudi Arabia is siding with the Russians against the US and the west.

Period.

THIS. Supply is politically constrained by Saudis/OPEC and then the Russian embargo. U.S. producers are still not back to pre-COVID capacity, but they are re-opening. Some are slow-walking it on purpose.

The issue as I see it is that the transition from fossils to green will be slow and take decades. Fossil industry will have a difficult time justifying 20-30 year investments when they know more and more will be invested in green tech and EVs. What we have is a market failure that will require the federal government to step-in and coordinate sufficient supply and investment for national security reasons.

Anonymous wrote:Gas leases available or being cancelled today do nothing for gas prices today.

The main issue is that Saudi Arabia is siding with the Russians against the US and the west.

Period.

Anonymous wrote:Oil gonna bust through $116 today, watch.
😬

Say good bye to all of those traveling plans when a flight to Disney world costs $2200 per ticket.

Anonymous wrote:

Anonymous wrote:

Please read this analysis as to why this bill won't do anything. https://mishtalk.com/economics/gas-prices-hit-another-record-high-on-thursday-whats-biden-doing

Anonymous wrote:

Anonymous wrote:

Please read this analysis as to why this bill won't do anything. https://mishtalk.com/economics/gas-prices-hit-another-record-high-on-thursday-whats-biden-doing

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Ah yes, the ole “quick pass a message..er, I mean bill…that will do nothing that we claim it will” move. Wowza no one saw that one coming! Surely people will think the party who passed the “oil and gas price gouging bill” has nothing to do with gas prices now! Good one dems, you’ll definitely win in November! If you cross your fingers really really hard.

What would have the Dems do? Really? Oil prices are through the roof because of the war in Ukraine. It’s a global market. The domestic market is still ramping up from the last crash. It takes times for oil companies to reopen wells that were closed because the price per barrel was below their profitability level. And inflation generally? Yeah it’s high and it sucks. But this isn’t all because of Biden. Admittedly his spending last year on the child tax credit fueled inflation than other countries but it’s not much higher than other countries. Let’s recall when he was trying to jumpstart the economy due to COVID and avoid a deflationary environment similar to the one following the Great Recession. It worked. Too well.

Build Back Better is dead. His spending plans outside of foreign aid to Ukraine are dead. So what would have him do? He doesn’t control market prices for oil or supply constraints due to COVID. Oh and get ready for higher food prices because of the Ukrainian war. Those wheat fields ain’t getting planted. It’s coming. But short of appeasing a dictator and the Fed raising rates, I don’t know what else you’d have him do. I’m a Dem and see the writing on the wall. It’s on his watch and the Dems are going to get destroyed this fall. However, I don’t see many easy solutions to these problems (and don’t for a sec think the Keystone Pipeline or the border are the reasons for high energy prices. That project was years away from being complete. Immigration would actually stabilize wages.)

More passing of the buck.

Why did he just last week cancel oil and gas lease sales in Alaska and the Gulf of Mexico?

The price of gas was rising steadily under Biden long before Putin invaded Ukraine.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Ah yes, the ole “quick pass a message..er, I mean bill…that will do nothing that we claim it will” move. Wowza no one saw that one coming! Surely people will think the party who passed the “oil and gas price gouging bill” has nothing to do with gas prices now! Good one dems, you’ll definitely win in November! If you cross your fingers really really hard.

What would have the Dems do? Really? Oil prices are through the roof because of the war in Ukraine. It’s a global market. The domestic market is still ramping up from the last crash. It takes times for oil companies to reopen wells that were closed because the price per barrel was below their profitability level. And inflation generally? Yeah it’s high and it sucks. But this isn’t all because of Biden. Admittedly his spending last year on the child tax credit fueled inflation than other countries but it’s not much higher than other countries. Let’s recall when he was trying to jumpstart the economy due to COVID and avoid a deflationary environment similar to the one following the Great Recession. It worked. Too well.

Build Back Better is dead. His spending plans outside of foreign aid to Ukraine are dead. So what would have him do? He doesn’t control market prices for oil or supply constraints due to COVID. Oh and get ready for higher food prices because of the Ukrainian war. Those wheat fields ain’t getting planted. It’s coming. But short of appeasing a dictator and the Fed raising rates, I don’t know what else you’d have him do. I’m a Dem and see the writing on the wall. It’s on his watch and the Dems are going to get destroyed this fall. However, I don’t see many easy solutions to these problems (and don’t for a sec think the Keystone Pipeline or the border are the reasons for high energy prices. That project was years away from being complete. Immigration would actually stabilize wages.)

Anonymous wrote:Oil gonna bust through $116 today, watch.
😬

Say good bye to all of those traveling plans when a flight to Disney world costs $2200 per ticket.