/——/ How President Biden’s Executive Orders Impact The Oil IndustryJust as many ChiCom Flu cases today as last summer. Only reason gas is going up is because Biden hates to poor so ordered restrictions on oil production.Look closely at your graph. The rise in gas prices began right when Biden won the election. You still don't get it because you don't want to get it. Businesses always plan for the future.They feel compelled to whine about something. If this is the best they can do, Biden must be doing a decent job.LOLPresident Biden is already boosting oil prices, and he’s barely gotten started.
Biden has pushed those prices, which were already rising because of severe weather, even higher by gratuitously alienating Saudi Arabia. The Gulf kingdom just surprised energy markets by announcing it would not raise oil output, despite developing supply constraints and rising prices. Oil prices jumped on the news, popping 4 percent to pre-pandemic levels for the first time in a year; the surge rattled markets already nervous about rising inflation.
Thanks Joe that's what America needs...ya fricken clown.
As gas prices soar, Americans can blame Joe Biden
Gas prices are only about 0.15¢ more than they were when Trump was president before the pandemic struck. How come none of you rightards bitched and moaned about gas prices hourly then like ya do now?
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Great post.. I'm afraid too many Americans are ignorant of market demands and they are simply incapable of learning.
They sure remind me of the Scientology cult.
Covid is winding down so there's more demand. Look at the ppb for WTI, Brent and OPEC.
Biden has NO control over oil production. NONE.
Fracking on Federal Lands is unnecessary. The world is awash in oil. The key to keeping US producers in business is to allow the ppb to float about $60-70. Or, perhaps you want socialism.. Otherwise the oil companies have to make a profit.