If the Trump 2017 tax cuts were such a horrible thing...

[The5thHorseman]

It’s also a result of returning to more dependance on foreign oil and forcing green policies which are not ready for implementation.

False.

Price of gas/oil in 2021 was primarily determined by the agreement of producing nations in Aug 2020 to reduce output.

 

[The5thHorseman]

Here is another one... In Trump's last year we had "pandemic". How much money we spend on it?

I find it interesting that "pandemic" in EVERY aspect exclusively benefitted one political party. Can you guess which one?

The Demonrats?

 

[Ame®icano]

False.

Price of gas/oil in 2021 was primarily determined by the agreement of producing nations in Aug 2020 to reduce output.

Every political event, natural disaster, or extreme weather effect oil prices instantly.
Yet prices of oil did not rise until year later after the agreement.

 

[The5thHorseman]

Every political event, natural disaster, or extreme weather effect oil prices instantly.
Yet prices of oil did not rise until year later after the agreement.

Through the futures market..

Sadly, that was in total disarray after oil turned negative in may, 2020....

 

[tahuyaman]

False.

Price of gas/oil in 2021 was primarily determined by the agreement of producing nations in Aug 2020 to reduce output.

The current administration’s energy policy and acting on that policy caused fuel prices to rise and created inflation.

It’s amazing how liberals relieve the Biden administration of any and all responsibility for the problems created over the last 2+ years.

 

[The5thHorseman]

The current administration’s energy policy and acting on that policy caused fuel prices to rise and created inflation

That's nonsense.

Biden only enjoys jurisdiction over federal lands.

About 8% of US production.

 

[Lesh]

Can a President repeal tax cuts?

I thought that was a Congressional thing

 

[JGalt]

If inflation is a result of just record spending, how come inflation was low during Trump?

The inflation rate was low under Trump and went even lower during the pandemic. It's often stated that Trump "spent more than any other President." But those who say that aren't taking into account the fact that we had a a global pandemic. Actually Trump didn't really spend that much until the pandemic hit up. His spending was on par with that of Obama. But when the pandemic hit the US, it became an absolute necessity to spend some money to deal with it. Unfortunately, Biden continues the pandemic-era spending, which drove the inflation rate up to 9.1%.

 

[The5thHorseman]

Can a President repeal tax cuts?

I thought that was a Congressional thing

I may recall incorrectly, but I think that is why they have expiration dates, to make them immune from being repealed by POTUS.

 

[tahuyaman]

That's nonsense.

Biden only enjoys jurisdiction over federal lands.

About 8% of US production.

The administration sets energy policy the oil companies forced to deal with.

why do you give Biden a pass for the results of his policies? Are you just a partisan hack?

 

[JGalt]

False.

Price of gas/oil in 2021 was primarily determined by the agreement of producing nations in Aug 2020 to reduce output.

That's not how it works. The price of oil and natural gas is determined by market speculators and supply and demand. Any time we have a President who's unfriendly to the oil and gas industry, the prices are going to rise, as they did when the price of oil went up to $130 per barrel under Biden.

What Determines Oil Prices?

 

[The5thHorseman]

The inflation rate was low under Trump and went even lower during the pandemic. It's often stated that Trump "spent more than any other President." But those who say that aren't taking into account the fact that we had a a global pandemic. Actually Trump didn't really spend that much until the pandemic hit up. His spending was on par with that of Obama. But when the pandemic hit the US, it became an absolute necessity to spend some money to deal with it. Unfortunately, Biden continues the pandemic-era spending, which drove the inflation rate up to 9.1%.

View attachment 791673
View attachment 791675

By what percentage did the budget increase from 2018 to 2019

 

[The5thHorseman]

The administration sets energy policy the oil companies forced to deal with.

why do you give Biden a pass for the results of his policies? Are you just a partisan hack?

No...states have jurisdiction on state land.

 

[Ame®icano]

Can a President repeal tax cuts?

I thought that was a Congressional thing

Democrats held Congress for two Biden's first years , why didn't they repealed it?

Oh wait, it's Trump's fault.

 

[The5thHorseman]

That's not how it works. The price of oil and natural gas is determined by market speculators and supply and demand. Any time we have a President who's unfriendly to the oil and gas industry, the prices are going to rise, as they did when the price of oil went up to $130 per barrel under Biden.

What Determines Oil Prices?

If it's determined by the market, how is it determined by Biden?

 

[The5thHorseman]

Democrats held Congress for two Biden's first years , why didn't they repealed it?

Oh wait, it's Trump's fault.

It's his tax cut.

 

[Ame®icano]

If it's determined by the market, how is it determined by Biden?

Now you're deflecting.

While it's true that oil price is determined by the market, and not by presidents, why do you think market kept prices low under Trump and risen under Biden?

It's the same with inflation, which was miniscule under Trump but exploded under Biden.

It has to do something with policies, don't you think?

 

[Ame®icano]

It's his tax cut.

And Dems love it.

 

[tahuyaman]

No...states have jurisdiction on state land.

The administration sets the nation’s energy policy.

Why do you give Biden a pass for the results of his policies?

 

[The5thHorseman]

Now you're deflecting.

While it's true that oil price is determined by the market, and not by presidents, why do you think market kept prices low under Trump and risen under Biden?

It's the same with inflation, which was miniscule under Trump but exploded under Biden.

It has to do something with policies, don't you think?

why do you think market kept prices low under Trump and risen under Biden

Because there is no such beast.

The market for oil is global, denominated in dollars. As a matter of fundamental theory, prices are set on the margin, effectively by the lowest cost producer.

That is not us.