@earl-of-trumps saidEarl of course you get these comments because you expect Joe Biden is capable of lowering gas prices in a capitalist economy. Of course all those increases in Exxon profits are a direct reflectuon of higher gas prices but blame Biden? Maybe Venezuela could figure that out but here we have supply and demand.
Of course, Jimm, we could have a socialist government like thy do in Venezuela, where the state-owned PDVSA's production leveled has dropped dramatically since the State took control of it to stop profiteering, and the country has to import gasoline from Iran.
@wildgrass saidNot sure why you think Biden has had nothing to do with gas prices in a capitalist
Earl of course you get these comments because you expect Joe Biden is capable of lowering gas prices in a capitalist economy. Of course all those increases in Exxon profits are a direct reflectuon of higher gas prices but blame Biden? Maybe Venezuela could figure that out but here we have supply and demand.
economy, you cut off supply, the prices of the remaining product will go up and
that is what he did and continues to do. He stops the pipeline from coming into
the country and he has stopped drilling where the oil we know is, just off the top
of my head. He is directly responsible for the rise of gas which is the lifeblood
of the economy, which has the effect of making transporting everything goes up,
and these costs are starting to affect jobs; it is a domino effect that has only just
started.
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@kellyjay saidExplain how BIDEN raised the gas price.
Not sure why you think Biden has had nothing to do with gas prices in a capitalist
economy, you cut off supply, the prices of the remaining product will go up and
that is what he did and continues to do. He stops the pipeline from coming into
the country and he has stopped drilling where the oil we know is, just off the top
of my head. He is directly responsible for the ...[text shortened]... up,
and these costs are starting to affect jobs; it is a domino effect that has only just
started.
@mghrn55 saidWhy is the UK shipping gas to the USA if their gas is double our price? Refining capacity?
Gas in the UK just hit $11/gallon.
Want to blame that on Biden too ??
I asked in another thread a while back what gas would cost under the GOP.
The key here being that they don't back away from the global attempt to flight the climate change threat.
My question was would any government tell the public that they will discontinue their fight against global warming.
And ...[text shortened]... his forum take a position on how to lower gas prices, then they have to give us their full position.
https://finance.yahoo.com/news/why-uk-sending-gasoline-america-230000039.html
@kellyjay saidI didn't write that he has nothing to do with it. I wrote that he doesn't set prices.
Not sure why you think Biden has had nothing to do with gas prices in a capitalist
economy, you cut off supply, the prices of the remaining product will go up and
that is what he did and continues to do. He stops the pipeline from coming into
the country and he has stopped drilling where the oil we know is, just off the top
of my head. He is directly responsible for the ...[text shortened]... up,
and these costs are starting to affect jobs; it is a domino effect that has only just
started.
1) You write some vagaries about supply cutoffs that are not supported by numbers. US Oil production peaked in Nov 2019, nearly 1.5 years before Biden took office, and fell by ~20% in the months leading up to Trumps departure. Since Biden took office? 11.0 million barrels a day in Jan 2021. 11.6 million barrels a day in Mar 2022.
2)
The pipeline? I don't see what that's got to do with current prices. Trump's regime had an expected completion date in late 2023, which, by my watch, wouldn't have been done by now.
Are these the only 2 dominos that Biden kicked over. Because they seem like make-believe political talking points.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M
@wildgrass saidOil refineries are price fixing. Why else would they not build any new refineries since the 70s and close some down permanently?
Earl of course you get these comments because you expect Joe Biden is capable of lowering gas prices in a capitalist economy. Of course all those increases in Exxon profits are a direct reflectuon of higher gas prices but blame Biden? Maybe Venezuela could figure that out but here we have supply and demand.
https://finance.yahoo.com/news/us-gas-prices-soared-5-080000090.html
They have to restrict supply to increase prices. That is how price fixing works. It is obvious to any competent economist that is what is happening, yet Biden does not enforce antitrust laws.
Joe Biden is capable of lowering gas prices in a capitalist economy because we have antitrust laws. He will not enforce them because he is a tool of the oligarchy. For that reason alone we are probably headed for hyperinflation. Things are going to get a lot worse before they get better.
When Biden blames Putin by literally calling inflation the "Putin price hike" does that make sense to you? His idiotic scapegoating does not go over well with anybody but loyal democrats who cannot think for themselves.
@wildgrass saidYou are only talking about the price of oil. That is only part of it.
I didn't write that he has nothing to do with it. I wrote that he doesn't set prices.
1) You write some vagaries about supply cutoffs that are not supported by numbers. US Oil production peaked in Nov 2019, nearly 1.5 years before Biden took office, and fell by ~20% in the months leading up to Trumps departure. Since Biden took office? 11.0 million barrels a day in Jan 2 ...[text shortened]... e political talking points.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M
https://finance.yahoo.com/news/us-gas-prices-soared-5-080000090.html
1 edit
@metal-brain saidThis article says refineries were closed because demand dropped suddenly and dramatically during COVID, and that now demand is higher but it is difficult to get refineries quickly back online, thus contributing to a bottle neck at refineries that aren't producing at their pre-pandemic levels.
Oil refineries are price fixing. Why else would they not build any new refineries since the 70s and close some down permanently?
https://finance.yahoo.com/news/us-gas-prices-soared-5-080000090.html
They have to restrict supply to increase prices. That is how price fixing works. It is obvious to any competent economist that is what is happening, yet Biden does not e ...[text shortened]... scapegoating does not go over well with anybody but loyal democrats who cannot think for themselves.
This seems like a reasonable non-conspiratorial, non "blame the politician on the other side of the aisle" explanation for a contributor to gas price hikes.
Not price fixing. Bidens fault.
2 edits
@wildgrass saidSure demand dropped suddenly, the prefect excuse to shut down refineries, but not permanently and that is what some of them did.
This article says refineries were closed because demand dropped suddenly and dramatically during COVID, and that now demand is higher but it is difficult to get refineries quickly back online, thus contributing to a bottle neck at refineries that aren't producing at their pre-pandemic levels.
This seems like a reasonable non-conspiratorial, non "blame the politician on t ...[text shortened]... e of the aisle" explanation for a contributor to gas price hikes.
Not price fixing. Bidens fault.
https://www.reuters.com/article/us-refineries-operations-marathon-ptrlum/marathon-petroleum-to-permanently-close-two-u-s-oil-refineries-idUSKBN24X3XU
"demand is higher but it is difficult to get refineries quickly back online"
And you believe them? How long has it been?
Has anybody in the corrupt corporate news media asked them how long it will take? I guess it doesn't matter. At over $5 per gallon nobody cares? Seriously?
And here is the real kicker. They say they may "never" build a new refinery.
https://finance.yahoo.com/news/us-may-never-build-refinery-165224127.html
Are you capable of thinking for yourself?
They are price fixing!
@metal-brain saidYes, I am capable of thinking for myself.
Sure demand dropped suddenly, the prefect excuse to shut down refineries, but not permanently and that is what some of them did.
"demand is higher but it is difficult to get refineries quickly back online"
And you believe them? How long has it been?
Has anybody in the corrupt corporate news media asked them how long it will take? I guess it doesn't matter. At over $5 per gallon nobody cares? Seriously?
Are you capable of thinking for yourself?
2 edits
@wildgrass saidThe second they shut down they were working on plans to open back up, you think they were caught by surprise?
This article says refineries were closed because demand dropped suddenly and dramatically during COVID, and that now demand is higher but it is difficult to get refineries quickly back online, thus contributing to a bottle neck at refineries that aren't producing at their pre-pandemic levels.
This seems like a reasonable non-conspiratorial, non "blame the politician on t ...[text shortened]... e of the aisle" explanation for a contributor to gas price hikes.
Not price fixing. Bidens fault.
Vivify likes to project her dumbness too.
Every minute these plants are shut down costs money, thousands per minute in some cases, as soon as any shut down occurs the first priority is to get it back up again. With a close eye on any possibility of reopening they would have conducted any maintenance they could. They have schedules on hand, if we have a 24hr break down in plant x we can take advantage of the opportunity to replace pumps in plant y, what resources are available, what materials are required. They have these plans ready to go, they constantly work on them.
wildgrass thinks they were sitting by the pool smoking cigars, "huh??? what's that you say?? time to crank up the machine again?? dang it, Jed get the coffee pot warmed up there, aww jeez we was just napping this whole time"
2 edits
@wildgrass saidRead it again. I added some links you need to read.
Yes, I am capable of thinking for myself.
Do you know anything about economics at all?
They say they may "never" build a new refinery.
https://finance.yahoo.com/news/us-may-never-build-refinery-165224127.html
Are you capable of thinking for yourself?
They are price fixing!
@jimm619 saidWould be nice if the reinvested some of their profits. But, when they spent billions on a keystone XL pipeline, the plug got pulled on that by the stroke of a pen of a single, senile man.
Yeah, one company (Exxon/Mobil),
reported $5.5 Billion profit, first
quarter 2022/
Try building a nuclear power plant. Environmentalist organizations stand in line to sue you over that and politicians weight the opinions of artists and musicians as just as valid as that of engineers on what they approve and disapprove of.
Tell me, exactly why would you invest in expanding production if you ran an energy company?
@techsouth said"Tell me, exactly why would you invest in expanding production if you ran an energy company?"
Would be nice if the reinvested some of their profits. But, when they spent billions on a keystone XL pipeline, the plug got pulled on that by the stroke of a pen of a single, senile man.
Try building a nuclear power plant. Environmentalist organizations stand in line to sue you over that and politicians weight the opinions of artists and musicians as just as valid as ...[text shortened]... e of.
Tell me, exactly why would you invest in expanding production if you ran an energy company?
If that energy company was competitive. When they don't expand production in over 40 years they are not competitive. It really is that simple.
THEY ARE PRICE FIXING!
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