I want to personally thank Putin for lowering gas prices in America.
Putin's price relief.
Posts
Total:
21
all hail putin
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@Greyparrot
It's no good having Oil and Gas and not being able to sell it.
What a dilemma for a paranoid megalomaniac.
And what a dilemma for a species still dependant upon fossil fuels.
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@Greyparrot
Funny how when gas prices go up it’s all Biden’s fault, but when they go down he gets none of the credit for it.
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@Double_R
I give him credit for selling oil from the strategic reserves to China. 20 million barrels worth. During an emergency crisis.
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@Double_R
Funny how when gas prices go up it’s all Biden’s fault, but when they go down he gets none of the credit for it.
Why should he? What did he do to reduce prices? I know. Try to redefine the definition of RECESSION. I wonder if that has anything to do with the decrease?
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@Greyparrot
I give him credit for selling oil from the strategic reserves to China. 20 million barrels worth. During an emergency crisis.
I give him credit for bringing us to the highest inflation rate ever and then driving us straight into a recession. Even Jimmy Carter wasn’t this bad
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@ILikePie5
yah lol...usually a president tries to avoid both at the same time
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@Greyparrot
@ILikePie5
I give him credit for selling oil from the strategic reserves to China. 20 million barrels worth. During an emergency crisis.
Why let facts get in the way of a good narrative?
“For each sale, the Energy Department announces the type and amount of oil from the four SPR sites that will be auctioned in a competitive bidding process. By law, the contracts are awarded to the companies that make the highest bids, and any company that is registered in the SPR’s Crude Oil Sales Offer Program is eligible to make an offer.”
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@ILikePie5
I give him credit for bringing us to the highest inflation rate ever and then driving us straight into a recession. Even Jimmy Carter wasn’t this bad
You’re right, not even Jimmy Carter could destroy the entire global economy including drastically raising global gas prices in just a few short months. And he even managed to start the trend before he took office. It’s quite impressive.
What did he do to reduce prices?
What did he do to raise prices globally? Funny how only the latter question needs a serious answer to inform your opinion.
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@Double_R
What did he do to raise prices globally?
I’ve answered this multiple times lol. You just refuse to listen or fail to understand how economics and oil futures work
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@ILikePie5
Coal also answered this too, some people just wanna pretend we are not in a recession with doubledigit inflation or pretend the exact same thing is happening all over the globe.
Anything can be the narrative if you are a Bidenmangood retard.
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@ILikePie5
I’ve answered this multiple times lol. You just refuse to listen or fail to understand how economics and oil futures work
No, you haven’t. You listed a few things Biden did that were “bad”, but failed to mention the part that actually matters and I’ve asked you for repeatedly; to quantify the impacts of any of the things you mentioned. Never asked for an exact figure, but some kind of reasonable estimate we can use to advance the conversation. Unsurprisingly, you’ve offered nothing.
If gas prices went up $3 a gallon and Biden is responsible for 35 cents, I’m not interested in hearing what you’re talking about. You’re the one claiming he’s responsible. Support your damn claim.
And the whole forties futures thing is especially entertaining. Essentially your argument was that Biden is responsible because of the things he said he was going to do, thereby freaking out the entire market. I mean, you really think investors are this stupid.
If it’s all about futures and what someone says then you just undercut your own argument on why Trump was so good. You keep excusing his conduct because of his policies but also according to you his policies on this do not matter since it’s all about what investors feel.
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@Double_R
No, you haven’t. You listed a few things Biden did that were “bad”, but failed to mention the part that actually matters and I’ve asked you for repeatedly; to quantify the impacts of any of the things you mentioned. Never asked for an exact figure, but some kind of reasonable estimate we can use to advance the conversation. Unsurprisingly, you’ve offered nothing.
All the evidence is there. Gas prices were 2.20 when Biden hit office. They hit 4.85 with all his rhetoric and policy actions. They are now decreasing because of recession fears. What quantity do you want? No one keeps count on how much prices rose because Biden cut of Keystone Pipeline. (Besides oil companies, whose futures are constantly moving because it is a fluid market.)
If gas prices went up $3 a gallon and Biden is responsible for 35 cents, I’m not interested in hearing what you’re talking about. You’re the one claiming he’s responsible. Support your damn claim.
I did based on economics and rhetoric.
And the whole forties futures thing is especially entertaining. Essentially your argument was that Biden is responsible because of the things he said he was going to do, thereby freaking out the entire market. I mean, you really think investors are this stupid.
To the contrary. They’re smart. And that’s how futures work, whether you like it or not. You clearly lack a business background.
If it’s all about futures and what someone says then you just undercut your own argument on why Trump was so good. You keep excusing his conduct because of his policies but also according to you his policies on this do not matter since it’s all about what investors feel.
Investors make calculated risks based on all the available information. You clearly are not one of them.
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@ILikePie5
I mean, you really think investors are this stupid.
Pelosi has zero investments in oil.... what does that tell the average investor?
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@Greyparrot
Pelosi has zero investments in oil.... what does that tell the average investor?
Everything you do at the poker table conveys information
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@ILikePie5
It's a signal to investors that the current government is serious about ending oil.
That's how you tell the difference between policy and gaffes.
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@Greyparrot
And if you are a Trumpmangood retard anything can be the narrative.
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@ILikePie5
All the evidence is there. Gas prices were 2.20 when Biden hit office. They hit 4.85 with all his rhetoric and policy actions. They are now decreasing because of recession fears. What quantity do you want? No one keeps count on how much prices rose because Biden cut of Keystone Pipeline. (Besides oil companies, whose futures are constantly moving because it is a fluid market.)
That's not evidence, that's a classic correlation/causation fallacy.
You are the one claiming Biden is responsible for the bulk of gas price increases. So what you would need at the most basic level to substantiate that claim, is some basic math on how much his specific actions have contributed.
And not only do you not even bother to contribute the most basic requirement of substantiation, you ignore what nearly every expert out there will tell you is the cause: global disruption in production resulting from a global pandemic. It's kind of common sense that this would be the main culprit, especially considering that gas is a global market.
But you ignore the latter entirely. Why? Could it be because you are a hopeless partisan incapable of considering anything that hurts you're preferred narrative?
To the contrary. They’re smart. And that’s how futures work, whether you like it or not.
You act as if oil prices are based on what investors think oil will be worth 10 years from now. That's not how it works. Almost all of the policy actions you point to have no immediate effect on gas production, most will take 5-10 years to make any difference at all. To claim this is why prices rose so sharply so quickly is absurd. Biden may not even be president in two years. Investors understand that.
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@Double_R
Biden may not even be president in two years. Investors understand that.
Unfortunately, bad regulations on fossil fuel production are incredibly difficult to reverse once the government has a planned policy to end oil.
Regulations that will linger long after Biden leaves. Same thing happened to private investors in Nuclear Power.