Since when has a war in your lifetime caused gas rices this high

[ReinyDays]

Hey Stupid people ... Exxon share prices were around $35 a share at the beginning of the Biden Administration ...

It's trading at $85 a share today ...

HAW HAW HAW HAW HAW HAW HAW HAW HAW HAW HAW HAW HAW ...

Losers ... bitching about the price of gasoline ... so totally middle class ...

 

[Admiral Rockwell Tory]

Wow, your first social security number must have been written with Roman numerals.

Anyway, this isn't the war. Gas prices never came back down after the pipeline ransomware attack. Companies realized Biden wasn't going to do anything about high gas prices so it was game on. He only pretends to care this year because it is the midterms. Come middle of November, he won't care if they go to $10/gal. No feathers off his lame duck arse.

The pipeline ransomware attack did NOT raise gas prices across 90% of the country. I never noticed any change because our oil comes through another pipeline.

 

[Admiral Rockwell Tory]

Hey Stupid people ... Exxon share prices were around $35 a share at the beginning of the Biden Administration ...

It's trading at $85 a share today ...

HAW HAW HAW HAW HAW HAW HAW HAW HAW HAW HAW HAW HAW ...

Losers ... bitching about the price of gasoline ... so totally middle class ...

F-U and the horse you never rode because you couldn't afford gas.

 

[BluesLegend]

Dems are desperate to appease their left wing radicals, without which they cannot win an election. Too many normal people abandoned the Dem party. So even though the left wing radicals and tree huggers are a minority, Dems push these stupid left wing policies and we have sky high gas prices.

 

[JWBooth]

Dwight Eisenhower was potus when I was born. There has not been a time since that day when there wasn't warfare somewhere. So every new high in gas prices has been in a time of war.

 

[The Original Tree]

I sure as hell dont
And I can go back to Korea

Pretty lame excuse

The Lying Biden Regime is just cooking up more lies to cover for their lying agenda.

 

[JWBooth]

Dems are desperate to appease their left wing radicals, without which they cannot win an election. Too many normal people abandoned the Dem party. So even though the left wing radicals and tree huggers are a minority, Dems push these stupid left wing policies and we have sky high gas prices.

This has been a dilemma for GOPers in the past. Though they had no intent on doing away with or even fighting for an end to abortion, they had to appease those voters to have a fighting chance.

 

[surada]

Just a few years ago actually. I remember when it was over $150 a barrel.

Crude Oil Prices - 70 Year Historical Chart

Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value.

www.macrotrends.net

Me too.

 

[ReinyDays]

F-U and the horse you never rode because you couldn't afford gas.

Sour grapes ... bet you complained about rising medical costs while hospital shares quadrupled in value ...

 

[basquebromance]

 

[B. Kidd]

I get gas every time I eat at McDonalds....where the Big Mac and the McRib was born.

The McRib is like trying to digest an IED!!

 

[francoHFW]

.....and far more Liberals and Progressives than is healthy for any society.

You are so misinformed you'd probably be for Hitler. Great job wrecking the world economy in 1929, wrecking the League, allowing resultant Hitler and Japanese militarists to run wild. You idiots are always a catastrophe... ...

 

[francoHFW]

ACTUAL freedom fighting means sacrifices....

 

[francoHFW]

Oregon is a shithole ... don't come here ... you'd hate it ... 80% of the geographic area is heavy Republican ...

We had political signs saying to vote of Donald Trump, and we had political signs full of bullet holes ... yeah, you'd hate it here with everyone packin' heat ...

80% is empty of people and reality politically...Great people, too bad about political brainwash...

 

[PoliticalChic]

You are so misinformed you'd probably be for Hitler. Great job wrecking the world economy in 1929, wrecking the League, allowing resultant Hitler and Japanese militarists to run wild. You idiots are always a catastrophe... ...

Let's cut to the chase, and prove you just as irrational and ignorant as I suggest:



The Democrat Party is now running on full-blown anti-white racism,

socialism,

infanticide,

opposition to free speech,

standing with criminals and felons rather than law-abiding citizens

substituting illegal alien voters for the American citizenry,

support for rioters, arsonists, murderers, and anarchists,

accepting payment from Communist China for future considerations,

and anti-Semitism… the knuckle-dragging, atavistic pagan party.





Now......which is your favorite?




And .....yes.......I can prove every single one of them.......and that the election was stolen by your side, too.


Now answer the question.

 

[PoliticalChic]

You are so misinformed you'd probably be for Hitler. Great job wrecking the world economy in 1929, wrecking the League, allowing resultant Hitler and Japanese militarists to run wild. You idiots are always a catastrophe... ...

"Great job wrecking the world economy in 1929,...."


You don't know any history at all.....do you.


FDR ran for President faced with a recession that he turned into a Depression.

He stated he knew how to end it.......then did the very opposite, you dunce.



1. The hagiography and idol-worship leaves out all understanding of his times...and what he actually said and did. So...here I am to save the day!

2. The basis of FDR's 1932 campaign to win the presidency from Herbert Hoover was his emphatic promise to the suffering American people, that he would balance the budget. Of course, he also promised that he would use the government to create jobs, and that they "had a right to a comfortable living."

http://www.heritage.org/initiatives/first-principles/primary-sources/fdrs-commonwealth-club-address

3.The part about balancing the budget had a certain resonance as President Harding had veered sharply away from federal spending and solved as big a recession in about one year. Certainly Franklin Roosevelt knew this, as he hammered away at Hoover's spending. October 19, 1932, he nailed Hoover, observing that in recent years federal expenses had increased by $1 billion "and that I may add, is the most reckless and extravagant past that I have been able to discover in the statistical record of any peacetime Government anywhere, any time."

http://www.presidency.ucsb.edu/ws/?pid=88399

a. Roosevelt went further! The cause: "It arises from one cause only and that is the unbalanced budget at he continued failure of this administration to take effective steps to balance it! If that budget had been fully and honestly balanced in 1930, some of the 1931 troubles would have been avoided. Even if it had been balanced in 1931, much of the extreme dip in 1932 would have been obviated. Every financial man in the country knows why this is true." http://www.presidency.ucsb.edu/ws/?pid=88399

b. And this: "... carrying out the plain precept of our Party, which is to reduce the cost of current Federal Government operations by 25 percent." Ibid.

'Cause he went on to vow that everyone he selects for his cabinet had to pledge absolute fealty to a balanced budget and a 25% across-the-board cut in government spending.

Yeah, boyyeeeee!



. ....to begin with, in March of 1933, he didn't fill his cabinet with persons committed to a balanced budget. A pretty much poke 'in your eye.'

Nah....instead the bunch put together the huge spending and administrative expansion of his first hundred day, Douglas knew the real deal.

. Roosevelt expanded the federal government and ran up deficits much greater than those of Hoover.




That's right......he ruined the economy, gave socialism a home in America.....
;

......and welcomed Stalin agents and spies.




You are as dumb as asphalt.

 

[PoliticalChic]

You are so misinformed you'd probably be for Hitler. Great job wrecking the world economy in 1929, wrecking the League, allowing resultant Hitler and Japanese militarists to run wild. You idiots are always a catastrophe... ...

FDR and the Democrats made a recession into the Depression......on purpose.

FDR's policies prolonged Depression by 7 years, UCLA economists calculate​

Newsroom

newsroom.ucla.edu

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.



After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.



"Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."

362536

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.



After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.



"Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."



In an article in the August issue of the Journal of Political Economy, Ohanian and Cole blame specific anti-competition and pro-labor measures that Roosevelt promoted and signed into law June 16, 1933.



"President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services," said Cole, also a UCLA professor of economics. "So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies."



Using data collected in 1929 by the Conference Board and the Bureau of Labor Statistics, Cole and Ohanian were able to establish average wages and prices across a range of industries just prior to the Depression. By adjusting for annual increases in productivity, they were able to use the 1929 benchmark to figure out what prices and wages would have been during every year of the Depression had Roosevelt's policies not gone into effect. They then compared those figures with actual prices and wages as reflected in the Conference Board data.



In the three years following the implementation of Roosevelt's policies, wages in 11 key industries averaged 25 percent higher than they otherwise would have done, the economists calculate. But unemployment was also 25 percent higher than it should have been, given gains in productivity.



Meanwhile, prices across 19 industries averaged 23 percent above where they should have been, given the state of the economy. With goods and services that much harder for consumers to afford, demand stalled and the gross national product floundered at 27 percent below where it otherwise might have been.



"High wages and high prices in an economic slump run contrary to everything we know about market forces in economic downturns," Ohanian said. "As we've seen in the past several years, salaries and prices fall when unemployment is high. By artificially inflating both, the New Deal policies short-circuited the market's self-correcting forces."



The policies were contained in the National Industrial Recovery Act (NIRA), which exempted industries from antitrust prosecution if they agreed to enter into collective bargaining agreements that significantly raised wages. Because protection from antitrust prosecution all but ensured higher prices for goods and services, a wide range of industries took the bait, Cole and Ohanian found. By 1934 more than 500 industries, which accounted for nearly 80 percent of private, non-agricultural employment, had entered into the collective bargaining agreements called for under NIRA.



Cole and Ohanian calculate that NIRA and its aftermath account for 60 percent of the weak recovery. Without the policies, they contend that the Depression would have ended in 1936 instead of the year when they believe the slump actually ended: 1943.



Roosevelt's role in lifting the nation out of the Great Depression has been so revered that Time magazine readers cited it in 1999 when naming him the 20th century's second-most influential figure.



"This is exciting and valuable research," said Robert E. Lucas Jr., the 1995 Nobel Laureate in economics, and the John Dewey Distinguished Service Professor of Economics at the University of Chicago. "The prevention and cure of depressions is a central mission of macroeconomics, and if we can't understand what happened in the 1930s, how can we be sure it won't happen again?"







1. While "The Depression" is probably the only economic downturn ever studied in government schools, few ever speak of any depressions or recessions prior to the "Great Depression."
Know how many there were?
Over thirty. And the average length was a couple of years.
List of recessions in the United States - Wikipedia, the free encyclopedia

 

[Jim H - VA USA]

I sure as hell dont
And I can go back to Korea

Pretty lame excuse

Gas in Russia is still $2 per gallon....



Because.....

Duh! They are energy exporters!

 

[boilermaker55]

Well, here is a bit of history...check the dates and information associated with each time period.

I sure as hell dont
And I can go back to Korea

Pretty lame excuse

 

[mudwhistle]

The McRib is like trying to digest an IED!!

Something with the texture is just plain wrong.