Kamala Harris says she’s going to lower prices.

That's awful!

Now why would Trump have done that?
Because, he's a moron.

Oil surges 24% for best day on record after Trump tells ...​

1723887767908.png
CNBC
https://www.cnbc.com › 2020/04/02 › oil-rallies-10perc...

Apr 2, 2020 — Oil prices skyrocketed after President Donald Trump told CNBC Saudis and Russia will ease pressure on oil, ending a price war that has ...


West Texas Intermediate crude futures surged 24.67% to settle at $25.32 per barrel, for its largest single-day percentage gain in history. Given WTI’s 59% decline this year a smaller gain, of course, now accounts for a much larger percentage move. International benchmark Brent crude jumped 17.8%, or $4.40, to trade at $29.14 per barrel.

Trump told CNBC’s Joe Kernen Thursday that he spoke to President Putin yesterday and Saudi Crown Prince Thursday and expects them to announce an oil production cut of 10 million barrels and could be up to 15 million.

The president later tweeted that a production cut would be “great for the oil & gas industry!” His comments came before a meeting with energy industry executives scheduled for Friday.
 

New vessels expected to lead to lower ocean shipping rates

View attachment 996994
marketplace.org
https://www.marketplace.org › 2024/08/12 › new-vessels...
5 days ago — According to data from Freightos, the cost of shipping a container crashed from a peak of $11,000 down to a low of just about $1,000 toward the ..


In 2022, shipping giant Maersk brought in $81.5 billion, more revenue than in any year. It’s net income went from around $5 billion in 2019 to nearly $31 billion in 2022. Across the industry, those profits were put to work.




An Oil Price-Fixing Conspiracy Caused 27% of All Inflation ...

View attachment 996995
BIG by Matt Stoller
https://www.thebignewsletter.com › an-oil-price-fixing-...
May 3, 2024 — The FTC just found evidence that American oil companies colluded with the Saudi government to hike gas prices, costing the average family $3,000 ...


Yesterday, the Federal Trade Commission released evidence confirming that collusion played a serious role in hiking oil prices at that time. Pioneer Natural Resources CEO Scott Sheffield, a leader in the fracking field, “exchanged hundreds of text messages with OPEC representatives and officials discussing crude oil market dynamics, pricing and output.”

Sheffield was explicit about his goal, saying that “if Texas leads the way, maybe we can get OPEC to cut production. Maybe Saudi and Russia will follow. That was our plan,” he said, adding: “I was using the tactics of OPEC+ to get a bigger OPEC+ done.” He talked to shareholders, publicly threatened rivals, and ultimately achieved output cuts across the industry regardless of price.

“Even if oil gets to $200/barrel,” he said, “the independent producers are going to be disciplined.”
Big ARTICLE.

:auiqs.jpg:
 
Yes, it was but not at all, what I was referring to.

In a surprise televised speech on Sunday evening, August 15, 1971, the president announced that he would immediately impose wage and price controls, slap a 10 percent duty on imports, and suspend the international convertibility of the U.S. dollar into gold. All were to be temporary measures, of course, to promote jobs, dampen inflation, and combat “international money speculators” betting against the dollar.​

Nixon went way overboard.

Earlier this month.

Florida price gouging hotline activated as Gulf storm 97L ...

View attachment 996984
Tallahassee Democrat
https://www.tallahassee.com › local › state › 2024/08/01
Aug 1, 2024 — During a storm-related declared state of emergency, state law prohibits excessive increases in the price of essential commodities.

A press release from Moody's office said "price gouging laws are now in effect for the counties covered by the state of emergency: Alachua, Baker, Bay, Bradford, Calhoun, Charlotte, Citrus, Clay, Collier, Columbia, Dixie, Duval, Escambia, Flagler, Franklin, Gadsden, Gilchrist, Gulf, Hamilton, Hernando, Hillsborough, Holmes, Jackson, Jefferson, Lafayette, Lake, Lee, Leon, Levy, Liberty, Madison, Manatee, Marion, Monroe, Nassau, Okaloosa, Orange, Osceola, Pasco, Pinellas, Polk, Putnam, Santa Rosa, Sarasota, Seminole, St. Johns, Sumter, Suwannee, Taylor, Union, Volusia, Wakulla, Walton and Washington counties."
So as usual, you launch into a cut and paste frenzy for no identifiable reason.
 
Big ARTICLE.

:auiqs.jpg:

New vessels expected to lead to lower ocean shipping rates

View attachment 996994
marketplace.org
https://www.marketplace.org › 2024/08/12 › new-vessels...
5 days ago — According to data from Freightos, the cost of shipping a container crashed from a peak of $11,000 down to a low of just about $1,000 toward the ..


In 2022, shipping giant Maersk brought in $81.5 billion, more revenue than in any year. It’s net income went from around $5 billion in 2019 to nearly $31 billion in 2022. Across the industry, those profits were put to work.




An Oil Price-Fixing Conspiracy Caused 27% of All Inflation ...

View attachment 996995
BIG by Matt Stoller
https://www.thebignewsletter.com › an-oil-price-fixing-...
May 3, 2024 — The FTC just found evidence that American oil companies colluded with the Saudi government to hike gas prices, costing the average family $3,000 ...


Yesterday, the Federal Trade Commission released evidence confirming that collusion played a serious role in hiking oil prices at that time. Pioneer Natural Resources CEO Scott Sheffield, a leader in the fracking field, “exchanged hundreds of text messages with OPEC representatives and officials discussing crude oil market dynamics, pricing and output.”

Sheffield was explicit about his goal, saying that “if Texas leads the way, maybe we can get OPEC to cut production. Maybe Saudi and Russia will follow. That was our plan,” he said, adding: “I was using the tactics of OPEC+ to get a bigger OPEC+ done.” He talked to shareholders, publicly threatened rivals, and ultimately achieved output cuts across the industry regardless of price.

“Even if oil gets to $200/barrel,” he said, “the independent producers are going to be disciplined.”

Golly. So another disaster for Biden-Harris. Asleep at the wheel.
 
Government regulation is the ultimate in price gouging.

Prices are up because of regulation, not because of demand.
Yes. Both elements, government regulation such as Biden- Harris seeking to ban natural gas as a fuel and crushing those horrible gas stoves along with uncontrolled government spending are the primary drivers of inflation. Both directly related to Dem/ Socialist policies.
 
Golly. So another disaster for Biden-Harris. Asleep at the wheel.

Trump seeks $1 billion from oil CEOs, vows to limit EVs​

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Washington Post
https://www.washingtonpost.com › politics › 2024/05/09

May 9, 2024 — Donald Trump has pledged to scrap President Biden's policies on electric vehicles and wind energy, and other initiatives opposed by the ...




Trump says he has 'no choice' but to back EVs after Musk ...​

1723892442154.png
The Guardian
https://www.theguardian.com › us-news › article › aug

Aug 6, 2024 — Ex-president, who previously denigrated electric vehicles, says they are suitable for a 'small slice' of the population.
 

Trump seeks $1 billion from oil CEOs, vows to limit EVs

View attachment 997009
Washington Post
https://www.washingtonpost.com › politics › 2024/05/09
May 9, 2024 — Donald Trump has pledged to scrap President Biden's policies on electric vehicles and wind energy, and other initiatives opposed by the ...




Trump says he has 'no choice' but to back EVs after Musk ...

View attachment 997010
The Guardian
https://www.theguardian.com › us-news › article › aug
Aug 6, 2024 — Ex-president, who previously denigrated electric vehicles, says they are suitable for a 'small slice' of the population.
Is there a reason for your cut and paste jihad?
 
It is for the Trump cult, like their dear leader..........They can't read.
You have this odd notion that cutting and pasting headlines from news articles does something more than show you learned how to cut and paste links.
 
Just because, like your dear leader, you can't comprehend words........Don't blame me.
You found a website called “Big News”. Very impressive. How about cuttingbsndvpastingbsomething from “Yellow News”.

Remember, your claim, “I dun’ seen it on the inter web, so it must be true”, is a poor excuse for your cut and paste jihad.
 
How is she going to do this? Seems her top priority is to go after corporations for “gauging”. What a crock of shit. If regulations on corporations were lowered and energy policies relaxed, and prices were still high, THEN you could explore going after corporations for gauging.

The reality is that Kamala Harris is even more Left than Joe Biden and will not back off heavy regulations and restrictive domestic energy policies - which, if anyone knows anything about economics, heavy regulation from the government results in high prices.

Her and Biden have been running the shit show since 2020 and the opposite has happened. So now she claims she can lower prices? I think she's just admitted she done feck all with price lowing since 2020.
 

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