Saudi Arabia's Minister of State: It's Biden's Fault US Gas Prices Are High, Because President Hasn't Increased Domestic Oil Production

[Mac-7]

OPEC adjusts their production to counter any increase in US production to keep the price right where they want it. Any idiot knows that by now.

The American public benefits when the US produces more.

Any idiot should know that too

 

[occupied]

Why did the cost of gasoline plummet under Trump?

Covid recession caused a sudden unintended oil glut. Had the oil companies known it was coming they would have cut production to keep the price up. But you knew all that already.

 

[surada]

Covid...lack of demand. Idiot

I can't believe he asked that question. The ppb went negative in 2020. In 2019 the US was importing 7 -9 million barrels a day.

The U.S. Still Imports A Lot Of Oil

In the shale-era since 2008, U. S. crude oil production has boomed 160% to over 13 million b/d, while demand has remained flat. Yet still, the country imports more oil than most Americans may realize.

www.forbes.com

 

[occupied]

The American public benefits when the US produces more.

Any idiot should know that too

If the American public benefits from the multinational oil business in any way it is an unintended consequence.

 

[surada]

If the American public benefits from the multinational oil business in any way it is an unintended consequence.

Foreign oil is cheaper than US oil. In 2019 the US imported 7-9 million barrels a day.

 

[Indeependent]

Covid...lack of demand. Idiot

Nah!
In that case, food went up.

Trump bullied them into lowering prices by calling them out as pigs.
The moment Biden became President, the price of oil went up even though COVID was very much the crisis.

 

[Indeependent]

Covid recession caused a sudden unintended oil glut. Had the oil companies known it was coming they would have cut production to keep the price up. But you knew all that already.

The price went down prior to COVID...do try and keep up.

 

[Mac-7]

If the American public benefits from the multinational oil business in any way it is an unintended consequence.

i will leave moral judgements of oil companies to leftwing all-knowing swami’s

Producing more oil in America is good for American workers and our balance of payments

 

[Lesh]

Nah!
In that case, food went up.

Trump bullied them into lowering prices by calling them out as pigs.
The moment Biden became President, the price of oil went up even though COVID was very much the crisis.

What happens to demand when the entire country shuts down moron?

NO ONE was driving

Christ what an idiot

 

[surada]

Nah!
In that case, food went up.

Trump bullied them into lowering prices by calling them out as pigs.
The moment Biden became President, the price of oil went up even though COVID was very much the crisis.

In November of 2020 Trump bragged he'd cut production by 9 million bpd.

 

[occupied]

Foreign oil is cheaper than US oil. In 2019 the US imported 7-9 million barrels a day.

OPEC always undercuts any increase in our domestic production to make it less profitable.

 

[surada]

i will leave moral judgements of oil companies to leftwing all-knowing swami’s

Producing more oil in America is good for American workers and our balance of payments

Moral judgments. It's a business, jackass.

 

[surada]

OPEC always undercuts any increase in our domestic production to make it less profitable.

Nope. OPEC production costs have been lower than ours for 80 years.. long before there was an OPEC. Their oil has been cheaper than US oil since 1948.

 

[Indeependent]

In November of 2020 Trump bragged he'd cut production by 9 million bpd.

Which he could because the price dropped.
Are you on drugs?

 

[Lesh]

Nah!

Gas dropped nearly a dollar a gallon after Covid emergency declared

U.S. average gasoline prices and vehicle travel fell to multiyear lows in 2020

www.eia.gov

Just stop talking

 

[Indeependent]

What happens to demand when the entire country shuts down moron?

NO ONE was driving

Christ what an idiot

I drive, moron.
Trumped called them out and they lowered the price.
Biden stepped in doo doo and they raised the price.

 

[Lesh]

I drive, moron.
Trumped called them out and they lowered the price.
Biden stepped in doo doo and they raised the price.

Really?

Where the fuck were you going. Everything was closed down

 

[Mac-7]

Moral judgments. It's a business, jackass.

If you say so

I dont see any non-profit liberal organizations producing the oil that America needs

All you folks are good for is name-calling

 

[surada]

Which he could because the price dropped.
Are you on drugs?

Lol.. you missed the point.. Trump was running the oil world.

 

[occupied]

Nope. OPEC production costs have been lower than ours for 80 years.. long before there was an OPEC. Their oil has been cheaper than US oil since 1948.

OPEC oil has always cost exactly what they want it to cost. It's the reason they formed in the first place. They have been using their vast market leverage against the west since the oil embargo back in the seventies.