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No it doesn't, it means the opposite. Better revisit the chapter on Capitalism and Supply and Demand again. No wonder you're a Neo-GOPer.
You say you make up lies for a living? Wow. Nice gig if you can get it I guess.You didn't understand his post. No wonder everyone things you're stupid.
@jc456 said demand was low DURING the pandemic then as we recover demand will grow and prices will go up. That is completely correct, I do this for a living.
Much like the new discoveries in the Permian Basin in Texas that increased production to near 13 mbd and gave us the fabled 'Energy Independence" status was on private lands as well and had nothing to do with the fire sale of leases the Trump team engaged in. The drilling permits the BLM have approved under Biden do not limit fracking either.
Was demand higher in 2021?You say you make up lies for a living? Wow. Nice gig if you can get it I guess.
In reality he said "Thought demand was low during pandemic? Doesn’t that mean prices would go up?"
Can't fool me, you added "then as we recover demand will grow and prices will go up."
Nice Kaz, nice.
So what happened to the supply that wasn’t used when demand went down? In 2021 price per barrel was near the same as 2019, yet pump prices were 50% higher?No it doesn't, it means the opposite. Better revisit the chapter on Capitalism and Supply and Demand again. No wonder you're a Neo-GOPer.
If you want to look at the REAL impact of a Biden Presidency, Dudley...look at the price of gas from the day that he won the election! I believe it's up approximately 140%. The fossil fuel industry knew what was coming and oil futures reacted accordingly.
Gas prices began to level in Nov 2021 and then in Feb they went directly UP
KNOW WHAT HAPPENED THEN?
Yea...Ukraine
Of course it was going up as the economy came back. But Ukraine KEPT it rising to these heights
Republicans gave oil companies all those loopholes & tax subsidies.
www.factcheck.org
You chug the Kool-Aid and then beg for more. Why? These prices are exactly what President Joe Biden promised to deliver. Why are you making excuses for him? This is what he ran on, wanted, and you voted for, is it not?
Gas prices began to level in Nov 2021 and then in Feb they went directly UP
KNOW WHAT HAPPENED THEN?
Yea...Ukraine
In late 2020 Fuel Demand outpaced supply causing prices to rise. A year later we used up all the pandemic oil glut that was stashed in every tank & vessel that could be filled causing prices to rise more. Then Russia attacked Ukraine causing another price jump.You need better sources. Gasoline was pretty steady during Trump's last six months in 2020 and they started to increase in December of 2020 when it was pretty settled that Dementia took the election. It's been on the incline ever since.
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To be fair to Putin, Biden did tell him he could raid Ukraine's panties and Asterisk Joe would do nothing about it. So yah, Biden did that.
Gas prices began to level in Nov 2021 and then in Feb they went directly UP
KNOW WHAT HAPPENED THEN?
Yea...Ukraine
lol no it hasn't, it's few percentage points less than that, and it certainly isn't near historic highs in real adjusted dollars. You just don't do math or have a grasp on what a dollar is worth from month to month in inflation spikes.
And, oil companies and retailers set prices, so you're lying here, not me.
Yall need to stop complaining about Biden and what you think he's done to increased gas prices. Biden is doing the oil companies a favor. Record profits with little overhead.
So if you're going to continue to be pro big oil, yall need to stop complaining about the price. It's a free market economy, and if the oil companies get to make $100 billion just in the 1st quarter, then you should all be proud. In fact, I'd advise you all to buy extra gas cans and fill them all up. Buy it and give it away to those who can't afford it.
You know, just to show your support for big oil.
Why would any president want OPEC to lower production, when we all know that drives the ppb up?
Big government makes more profit through taxation on a gallon of gasoline than big oil does. Big government invests nothing.
Show us where the President can do anything about gas prices. Con-nect the dots for us.Man. You spin faster than a millisecond pulsar.
Millisecond pulsar - Wikipedia
en.wikipedia.org
With gas prices going up 3-5 cents on the dollar EACH DAY, Biden isn't doing jackshit. Sorry.
You may have missed it but this is the United States and that is the location about which is this thread.In late 2020 Fuel Demand outpaced supply causing prices to rise. A year later we used up all the pandemic oil glut that was stashed in every tank & vessel that could be filled causing prices to rise more. Then Russia attacked Ukraine causing another price jump.
Why was gasoline not free under Trump when they were paying people -$40/barrel to take oil??? We still had to pay $2 at the pump!!! I could have filled 4 years worth of 300 gallon totes if it would have dropped to 50 cents. We got screwed under Trump because there was no free market for consumers, now were getting screwed again by wallstreet oil companies.
That's not where I quoted Trump from. He said the quotes on CNBC to their hosts. Trump had them edit it from the excerpts on their website, but occasionally a recording of the actual live on air interview I saw on CNBC gets posted on youtube until Trump uses copyright law to remove them. NBC had broadcast contracts with Trump when he said this prior to taking office.
