Biden shifted blaming Putin for high gas prices to blaming Big Oil

[surada]

didn’t say he did. but while that’s true, we also didn’t have average gas prices over $5/ gallon…xiden and the dembots did cause that

Nope. Trump threatened OPEC and Russia to cut production to prop up domestic producers. Then demand dried up... And a year later there was a world wide surge in demand.

Threatening OPEC was a stupid lapse in judgement. After being threatened I don't think OPEC is keen on meeting our need in the short term.

 

[struth]

Nope. Trump threatened OPEC and Russia to cut production to prop up domestic producers. Then demand dried up... And a year later there was a world wide surge in demand.

Threatening OPEC was a stupid lapse in judgement. After being threatened I don't think OPEC is keen on meeting our need in the short term.

hahaha yeah that’s it…i get confused with you all when it comes to trump and russia…one mins he’s putin’s puppet the next he’s threatening putin

hahah nope sorry this is all xiden..trump’s been out of office for years now. Xiden undid all trumps pro-energy policies on day one

 

[sealybobo]

Fact-checking Biden’s claim that oil and gas companies are price gouging - Washington Examiner

As rising prices at the pump continue to squeeze wallets, President Joe Biden has stepped up attacks on oil corporations that he claims are charging motorists more just to pad their pockets.It was the latest scapegoat for the high fuel costs that have put political pressure on Democrats. Biden...

www.washingtonexaminer.com

But he lies like he always does.

Funny how he shifted blame, or did Big Oil all of a sudden decide to gouge people at the pump in the last month before just blaming Putin?

Furthermore, why is it not still Putin's fault?

LOL.

Blame them both. They clearly want to see Republicans in charge. Although, they're making a killing right now so if Republicans get into office, won't that cost them? I mean when Republicans fix everything? LOL

 

[DarthTrader]

No matter how you spin this the price of gas is still largely out of Biden's ability to control.

China is building 1 coal power plant a week. Biden has hemorrhoids. It's definitely not in Bidens control

 

[Mashmont]

Fact-checking Biden’s claim that oil and gas companies are price gouging - Washington Examiner

As rising prices at the pump continue to squeeze wallets, President Joe Biden has stepped up attacks on oil corporations that he claims are charging motorists more just to pad their pockets.It was the latest scapegoat for the high fuel costs that have put political pressure on Democrats. Biden...

www.washingtonexaminer.com

But he lies like he always does.

Funny how he shifted blame, or did Big Oil all of a sudden decide to gouge people at the pump in the last month before just blaming Putin?

Furthermore, why is it not still Putin's fault?

LOL.

I guess the oil companies were less greedy when Trump was president.

 

[Votto]

True .. maybe they want to nationalize the domestic oil business.

yep

 

[surada]

hahaha yeah that’s it…i get confused with you all when it comes to trump and russia…one mins he’s putin’s puppet the next he’s threatening putin

hahah nope sorry this is all xiden..trump’s been out of office for years now. Xiden undid all trumps pro-energy policies on day one

Trump isn't smart. He's a bully.

Special Report: Trump told Saudi: Cut oil supply or lose U.S. military support - sources

By Timothy Gardner, Steve Holland, Dmitry Zhdannikov and Rania El Gamal

www.reuters.com

 

[surada]

yep

I hope not. The US oil production is poorly organized. Most wells produce less than 50 barrels a day and there are no economies of scale. The government would kill it altogether.

 

[Votto]

I guess the oil companies were less greedy when Trump was president.

I guess you failed to read my article that refuted those claims and failed to watch Obama tell us that energy prices necessarily need to skyrocket and that the US needs to pay what Europe was paying for oil.

LOL.

Not to mention that the government makes more on a gallon of gas than the oil companies

BROWNBACK: THE GOVERNMENT TAKES MORE IN GAS TAXES THAN THE OIL COMPANIES MAKE IN PROFITS - BROWNBACK: THE GOVERNMENT TAKES MORE IN GAS TAXES THAN THE OIL COMPANIES MAKE IN PROFITS - United States Joint Economic Committee

www.jec.senate.gov

 

[candycorn]

No matter how you spin this the price of gas is still largely out of Biden's ability to control.

The commerce secretary made a good point this morning.

The price of a barrel of crude was about the same as it was a few months ago. The average price of gasoline has gone up about $0.75 a gallon. There have been increased costs...but seventy-five cents per gallon? Nope.

 

[surada]

I guess you failed to read my article that refuted those claims and failed to watch Obama tell us that energy prices necessarily need to skyrocket and that the US needs to pay what Europe was paying for oil.

LOL.

Not to mention that the government makes more on a gallon of gas than the oil companies

BROWNBACK: THE GOVERNMENT TAKES MORE IN GAS TAXES THAN THE OIL COMPANIES MAKE IN PROFITS - BROWNBACK: THE GOVERNMENT TAKES MORE IN GAS TAXES THAN THE OIL COMPANIES MAKE IN PROFITS - United States Joint Economic Committee

www.jec.senate.gov

Isn't that ironic?

 

[sealybobo]

I guess the oil companies were less greedy when Trump was president.

Was there a war going on?
And if they like Trump, they wouldn't have wanted to give voters another reason to vote him out of office. There were already enough reasons.

Don't forget Trump is partially to blame too

OPEC and allies' oil production cut is Trump's 'biggest and most complex' deal ever: Dan Yergin

Yergin said there were two main factors driving the turnaround to the deal that just six weeks ago "would not have seemed possible."

www.cnbc.com

As the Organization of the Petroleum Exporting Countries and its allies came to an agreement on a record cut in oil production, U.S. President Donald Trump may have struck his “biggest and most complex deal,” according to oil expert Dan Yergin.

 

[struth]

Trump isn't smart. He's a bully.

Special Report: Trump told Saudi: Cut oil supply or lose U.S. military support - sources

By Timothy Gardner, Steve Holland, Dmitry Zhdannikov and Rania El Gamal

www.reuters.com

haha wow, Trump was trying to protect US oil production!?! hahah and was a bully to the Crown Prince of SA??? hahaha

sadly xiden and the dem Congress decided to go to war with american oil companies and now he’s flying to kiss the Crown Prince of SA (a man accused of a brutal murder of a Post reporter) ass.

typical..

and where is russian mentioned in your article?

 

[surada]

Was there a war going on?
And if they like Trump, they wouldn't have wanted to give voters another reason to vote him out of office. There were already enough reasons.

Don't forget Trump is partially to blame too

OPEC and allies' oil production cut is Trump's 'biggest and most complex' deal ever: Dan Yergin

Yergin said there were two main factors driving the turnaround to the deal that just six weeks ago "would not have seemed possible."

www.cnbc.com

As the Organization of the Petroleum Exporting Countries and its allies came to an agreement on a record cut in oil production, U.S. President Donald Trump may have struck his “biggest and most complex deal,” according to oil expert Dan Yergin.

Always listen to Yergin.

Special Report: Trump told Saudi: Cut oil supply or lose U.S. military support - sources

By Timothy Gardner, Steve Holland, Dmitry Zhdannikov and Rania El Gamal

www.reuters.com

 

[Votto]

The commerce secretary made a good point this morning.

The price of a barrel of crude was about the same as it was a few months ago. The average price of gasoline has gone up about $0.75 a gallon. There have been increased costs...but seventy-five cents per gallon? Nope.

As rising prices at the pump continue to squeeze wallets, President Joe Biden has stepped up attacks on oil corporations that he claims are charging motorists more just to pad their pockets.

It was the latest scapegoat for the high fuel costs that have put political pressure on Democrats. Biden and his aides had previously attempted to pin the blame on Russian President Vladimir Putin, whose invasion of Ukraine prompted Biden to ban imports of Russian oil and gas earlier this month.

The price of gasoline had indeed risen more dramatically in the weeks since Russia invaded Ukraine, but the cost of fuel had already been climbing for months before the oil embargo.

On Feb. 24, when the Russian invasion of Ukraine began, the average per-gallon cost of gasoline was $3.52. On Friday, the average was $4.27, according to AAA.

In November 2021, long before the violence began, gas prices were up nearly 60% over what they were in November 2020 — rising from $2.20 to $3.49 in that time.

Biden’s rhetorical pivot marked an effort to point the finger at a familiar foe for Democrats: Big Oil.

In a tweet Wednesday, Biden said that because oil prices are beginning to fall, so too should gas prices. He accused oil and gas companies of trying to “pad their pockets” by not dropping gas prices to reflect the drop in crude oil prices.

But experts have said they don’t see evidence of price gouging from oil and gas companies.

The price of oil did begin to fall starting last week and had dropped roughly 30% by this week.

That came after a massive spike in global oil prices following Russia’s invasion. Fearing widespread energy embargoes on Russian producers — which the United States did impose, although European countries did not — investors reacted to the uncertainty of the situation in late February, and oil prices jumped above $100 per barrel.

Reports have attributed the more recent drop in global oil prices over the past week to hope for peace talks between Russia and Ukraine as well as new COVID-19-related lockdowns in China, which investors believe could drop demand in one of the largest energy markets.

Industry experts have said the price of gasoline, which is made from crude oil, often responds slowly to both oil price hikes and drops.

That’s because gas companies can’t hike their prices high enough or fast enough to recoup losses from dramatic spikes in the global cost of oil — like the one that occurred when Russia invaded Ukraine.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

While oil prices are set on the global market, prices at the pump are often set by conditions in local markets — such as whether the gas station down the road in any given town is raising prices and by how much.

Gas companies therefore lose money when the price per barrel of oil jumps significantly and gas prices climb incrementally.

When the price per barrel of oil falls dramatically, as it has in the past week, gas companies often lower their prices at the pump more slowly in order to make up for the revenue lost when the oil price spike outpaced the gas price increase.

 

[surada]

haha wow, Trump was trying to protect US oil production!?! hahah and was a bully to the Crown Prince of SA??? hahaha

sadly xiden and the dem Congress decided to go to war with american oil companies and now he’s flying to kiss the Crown Prince of SA (a man accused of a brutal murder of a Post reporter) ass.

typical..

and where is russian mentioned in your article?

KSA told the US a few years ago that they were no longer our swing producer. They have obligations in other markets. Khashoggi needed killing.

Trump calls on Russia and Saudi Arabia to cut oil production

Data released by the federal Energy Information Administration this week showed gasoline demand in the U.S. plummeting and oil inventories surging.

www.politico.com

 

[Bootney Lee Farnsworth]

No matter how you spin this the price of gas is still largely out of Biden's ability to control.

Except for the whole denial of permits and cancelling Keystone XL. Both DIRECTLY raised the price of oil.

No matter how you spin it....

 

[struth]

KSA told the US a few years ago that they were no longer our swing producer. They have obligations in other markets. Khashoggi needed killing.

hahaha

glad you agree your excuses to blame everyone but xiden are weak and easily debunked

 

[two_iron]

How dare you run a profitable business Exxon!!!

It's like watching an 80-year monkey fucking a doorknob.

It just gets funnier everyday.

 

[Biff_Poindexter]

Time to nationalize our domestic oil production......if the belief is that Presidents have the most impact on oil prices, might as well make it a reality and not rhetoric......I am sure a Republican admin would crack down on the profits of oil companies in order to help working families....

Oil production is still high under Biden and he has done nothing but raise our gas prices...why doesn't he lower them?? He has the power....he can simply say Keystone XL three times and gas will be $3.00 just from that alone...