Thanks Joe for the 4.25 gas prices versus the 6 dollar gas price
Biden is getting oil from the socialists and authoritarian in Venezuela. Supply really does matter huh
“concrete steps that alleviate the suffering of the Venezuelan people and support the restoration of democracy”.
Executives at Venezuelan state firm PDVSA initially welcomed the authorization for a partial return to the United States, once the country's most important market. They are less enthusiastic after learning of license terms that will not allow Chevron to reimburse operational costs or pay taxes and royalties in Venezuela, according to the people.
Wait so now Russia isn’t causing inflation and higher gas prices? What gives
The president is either responsible for gas prices or he isn’t. Which one is it?
You don’t get to have it both ways, blame him with no explanation necessary when prices go up but when they go down dismiss it with specifics.
The reason prices are going down is because supply is increasing
The reason prices are going down is because supply is increasing namely from Venezuela
After Russia invaded Ukraine, and due to several other factors, “skyrocketing oil, natural gas and electricity prices” caused European countries “to swiftly diversify from Russian supplies,” the report states. They looked to America, and Texas – a natural gas powerhouse – for help.The U.S. became the world’s largest LNG exporter in the first half of 2022, the U.S. Energy Information Agency reports, led by Texas. Texas produces roughly a quarter of America’s natural gas supply.
The US has granted Chevron limited authorization to resume pumping oil from Venezuela following the announcement Saturday that the Venezuelan government and the opposition group have reached an agreement on humanitarian relief and will continue to negotiate for a solution to the country’s chronic economic and political crisis, including a focus on the 2024 elections.
First of all, Texas is supporting Europe, not OPEC:
Second of all, Venezuela is providing more oil to the United States than previously thanks to biden simply restarting a Trump oil effort:
And we could have been drilling in fucking Venezuela this whole time, but the Biden Administration decided not to hand out the permit
Putin had nothing to do with it. He never did.
If the president is responsible for the rise in gas prices - because he’s the president - then he’s also responsible for the reduction in gas prices.You don’t get to have it both ways, blame him with no explanation necessary when prices go up but when they go down dismiss it with specifics.
LNG is not really a big factor for oil prices.
Liquefied natural gas (LNG) is natural gas that has been cooled to a liquid state (liquefied), at about -260° Fahrenheit, for shipping and storage. The volume of natural gas in its liquid state is about 600 times smaller than its volume in its gaseous state in a natural gas pipeline. This liquefaction process, developed in the 19th century, makes it possible to transport natural gas to places natural gas pipelines do not reach and to use natural gas as a transportation fuel.
we are swimming in refineries,
we halt drilling in Venezuela during a fucking oil crisis. This is Brandon's fault 100%.
