Gas prices: Biden's or Trump's

[struth]

Have you figured out yet you gave Trump credit for Obama's lower gas prices?

haha no that didn’t happen

 

[struth]

Have you figured out yet you gave Trump credit for Obama's lower gas prices?

gas prices were higher on average under obama then trump…gas prices were higher on average under obama then bush as well

and obviously we got this historic rising prices under xiden with no end in sight

bottom line, dems equal higher cost

 

[Faun]

haha no that didn’t happen

LOL

Of course you gave Trump credit for Obama's lower gas prices...

in Feb of 2017 he had gas below two dollars...

​

 

[Crepitus]

it certainly has an impact, but during the trump years we were energy independent and it had less of an impact, then before…xiden ended that though so now we are totally beholden

Do you know how the RWNJ media determined we were "energy independent"? Exports exceeded imports. If we were actually energy independent" why were we importing at all?

 

[healthmyths]

You need proof that the oil cartel known as OPEC controls oil prices?

Seriously?

YES! Just because YOU say so? What pomposity! Get proof because frankly you are a liar!

OPEC vs. the United States: Who Controls Oil Prices?​

Until the mid-20th century, the United States was the largest producer of oil and controlled oil prices. The Organization of the Petroleum Exporting Countries(OPEC) then took over, ruling the oil markets and oil prices in the years that followed.

However, with the discovery of shale oil in the U.S. and advances in drilling techniques, the U.S. has since re-emerged as a top energy producer. In this article, we explore the historical battle between OPEC and the U.S. to control oil prices and how world events have influenced that struggle.

• As of 2018, OPEC member countries held 79.4% of the world's proven oil reserves and produced about 40% of the world's oil output.12
• However, the U.S. was the world's largest oil-producing country in 2019 with nearly 19.5 million barrels per day.3
• Although OPEC still has the ability to drive prices, the U.S. has limited the cartel's pricing power by ramping up production whenever OPEC cuts its output.

OPEC vs. the US: Who Controls Oil Prices?

The U.S. and OPEC both dominated the global oil markets for a spell but must now deal with a diverse array of producers and consumers.

www.investopedia.com

Now that is the Proof and more importantly YOU are not only wrong but a liar!

 

[Nuthin' Fancy]

What do you imagine those pics prove? Are you claiming the property owners deliberately set fire to their plan and equipment?

Accidents happen.
People's well water are catching fire, causing headaches, nausea and cancer, because of fracking nearby.
The fracking companies insert their waste water deep in the earth causing earthquakes.

 

[surada]

YES! Just because YOU say so? What pomposity! Get proof because frankly you are a liar!

OPEC vs. the United States: Who Controls Oil Prices?​

Until the mid-20th century, the United States was the largest producer of oil and controlled oil prices. The Organization of the Petroleum Exporting Countries(OPEC) then took over, ruling the oil markets and oil prices in the years that followed.

However, with the discovery of shale oil in the U.S. and advances in drilling techniques, the U.S. has since re-emerged as a top energy producer. In this article, we explore the historical battle between OPEC and the U.S. to control oil prices and how world events have influenced that struggle.

• As of 2018, OPEC member countries held 79.4% of the world's proven oil reserves and produced about 40% of the world's oil output.12
• However, the U.S. was the world's largest oil-producing country in 2019 with nearly 19.5 million barrels per day.3
• Although OPEC still has the ability to drive prices, the U.S. has limited the cartel's pricing power by ramping up production whenever OPEC cuts its output.

OPEC vs. the US: Who Controls Oil Prices?

The U.S. and OPEC both dominated the global oil markets for a spell but must now deal with a diverse array of producers and consumers.

www.investopedia.com

Now that is the Proof and more importantly YOU are not only wrong but a liar!

YES! Just because YOU say so? What pomposity! Get proof because frankly you are a liar!

OPEC vs. the United States: Who Controls Oil Prices?​

Until the mid-20th century, the United States was the largest producer of oil and controlled oil prices. The Organization of the Petroleum Exporting Countries(OPEC) then took over, ruling the oil markets and oil prices in the years that followed.

However, with the discovery of shale oil in the U.S. and advances in drilling techniques, the U.S. has since re-emerged as a top energy producer. In this article, we explore the historical battle between OPEC and the U.S. to control oil prices and how world events have influenced that struggle.

• As of 2018, OPEC member countries held 79.4% of the world's proven oil reserves and produced about 40% of the world's oil output.12
• However, the U.S. was the world's largest oil-producing country in 2019 with nearly 19.5 million barrels per day.3
• Although OPEC still has the ability to drive prices, the U.S. has limited the cartel's pricing power by ramping up production whenever OPEC cuts its output.

OPEC vs. the US: Who Controls Oil Prices?

The U.S. and OPEC both dominated the global oil markets for a spell but must now deal with a diverse array of producers and consumers.

www.investopedia.com

Now that is the Proof and more importantly YOU are not only wrong but a liar!

Investopedia is wrong.. Wonder why

 

[struth]

Do you know how the RWNJ media determined we were "energy independent"? Exports exceeded imports. If we were actually energy independent" why were we importing at all?

because we aren’t at the moment

 

[surada]

because we aren’t at the moment

We are currently importing about 7.5 million bpd.
The top five sources of U.S. total petroleum (including crude oil) imports by share of total petroleum imports in 2020 were
Canada 52%
Mexico 11%
Russia 7%
Saudi Arabia 7%
Oil imports and exports - U.S. Energy Information Administration (E…
www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php
www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.p…

 

[surada]

Oil 2021 – Analysis - IEA

Oil 2021 - Analysis and key findings. A report by the International Energy Agency.

www.iea.org

 

[surada]

US Oil Imports - YCharts

US Oil Imports Weekly Trends: Weekly Petroleum Status | YCharts

In depth view into US Oil Imports including historical data from 1991 to 2024, charts and stats.

ycharts.com

26 rows · Jul 30, 2021 · US Oil Imports is at a current level of 8.616M, down from 9.259M last week …

DATE VALUE
October 15, 2021 7.719M
October 08, 2021 8.325M
October 01, 2021 9.62M
September 24, 2021 9.26M

 

[Leviticus]

I would say both. Gas prices went up in response to unrest following the Taliban retaking power in Afghanistan, in which both have blame

 

[Crepitus]

YES! Just because YOU say so? What pomposity! Get proof because frankly you are a liar!

OPEC vs. the United States: Who Controls Oil Prices?​

Until the mid-20th century, the United States was the largest producer of oil and controlled oil prices. The Organization of the Petroleum Exporting Countries(OPEC) then took over, ruling the oil markets and oil prices in the years that followed.

However, with the discovery of shale oil in the U.S. and advances in drilling techniques, the U.S. has since re-emerged as a top energy producer. In this article, we explore the historical battle between OPEC and the U.S. to control oil prices and how world events have influenced that struggle.

• As of 2018, OPEC member countries held 79.4% of the world's proven oil reserves and produced about 40% of the world's oil output.12
• However, the U.S. was the world's largest oil-producing country in 2019 with nearly 19.5 million barrels per day.3
• Although OPEC still has the ability to drive prices, the U.S. has limited the cartel's pricing power by ramping up production whenever OPEC cuts its output.

OPEC vs. the US: Who Controls Oil Prices?

The U.S. and OPEC both dominated the global oil markets for a spell but must now deal with a diverse array of producers and consumers.

www.investopedia.com

Now that is the Proof and more importantly YOU are not only wrong but a liar!

Where does that say OPEC doesn't control oil prices?

 

[Crepitus]

because we aren’t at the moment

We weren't then either.

 

[struth]

We weren't then either.

Sure we were...we didn't "need" to import anything if we didn't want to. We were in fact a net exported as well...in 2019 (under Trump) for the first time since the 50s, we produced more then we were consuming of energy.

 

[Crepitus]

were...we didn't "need" to import anything if we didn't want to

Not true.

 

[surada]

gas prices were higher on average under obama then trump…gas prices were higher on average under obama then bush as well

and obviously we got this historic rising prices under xiden with no end in sight

bottom line, dems equal higher cost

 

[struth]

Yep....the franking boom was great....

Xiden has ended that stuff....sadly

 

[surada]

I would say both. Gas prices went up in response to unrest following the Taliban retaking power in Afghanistan, in which both have blame

LOLOL.. We don't buy any oil from Afghanistan and they do NOT impact transport at all.

 

[surada]

Yep....the franking boom was great....

Xiden has ended that stuff....sadly

No stupid, when the ppb is high oil companies invest in rigs, exploration and drilling.