Why Biden Is Letting Oil Prices Soar

[Weatherman2020]

In a capitalist economy, the President does not control the means of production. You seem to be asking for a dictatorship here. That would be socialism.

In a capitalist economy, which is what you claim you want, the owners of the companies control the prices.

So what's it gonna be? You can't suck and blow at the same time.

Good to know you’ll keep your fascist KKKanadian mouth shut when the next President removes all regulations on the oil industry since they don’t exist in your NAZI head.

 

[Harpy Eagle]

They are going to drive by about 10 miles south of my homestead. Will have to go and wave at them

 

[Harpy Eagle]

Why?

Because Joe Biden MUST be an Aggie football fan.

Why else would he make it possible in this new NIL era to make Aggie alum FILTHY STINKING RICH so that Aggies pulled in THE GREATEST RECRUITING CLASS OF ALL FUCKING TIME???



Thanks, Joe.

With any luck at all they may actually win something meaningful finally.

 

[Turtlesoup]

Pretty clear who he's really working for, isn't it?

Biden's "incompetence" is no accident...it's by design.

 

[surada]

Hilarious. Leftards pretend to be BFF with big oil now. Funny, I don’t recall oil companies declaring bankruptcy when it was $30.

You mean years ago? You are dumb as a stump.

 

[Weatherman2020]

You mean years ago? You are dumb as a stump.

You mean years ago? You are dumb as a stump.

Try last April, shitforbrains.

 

[surada]

Try last April, shitforbrains.

Market demand collapsed in 2020. That was world wide. This is not only about recovery there is a huge surge in demand. What makes you think that you have enough experience to know what is right for the oil business?

 

[Weatherman2020]

Market demand collapsed in 2020. That was world wide. This is not only about recovery there is a huge surge in demand. What makes you think that you have enough experience to know what is right for the oil business?

Name the oil companies that went broke last year. I’ll wait.

 

[surada]

Name the oil companies that went broke last year. I’ll wait.

They avoided going broke reducing expenses and laying off workers. Do you think they can survive for long when their costs are higher than than their return on investment? You must be a socialist.

 

[Eric Arthur Blair]

The Keystone pipeline had ZERO to do with US oil production.

Sure. The massive multi state and nation pipeline is just there for the looks of it all.

 

[Harpy Eagle]

Sure. The massive multi state and nation pipeline is just there for the looks of it all.

Nope, it was there to move Canadian oil from Canada to refineries on the gulf coast and then shipped all around the world.

 

[Mac-7]

Nope, it was there to move Canadian oil from Canada to refineries on the gulf coast and then shipped all around the world.

Isnt that a good thing?

what do you have against more world supply?

 

[Meathead]

Nope, it was there to move Canadian oil from Canada to refineries on the gulf coast and then shipped all around the world.

And Brandon thought this was wrong because?

 

[bendog]

A smart president -- one who understands geopolitical reality -- would ramp up domestic production to drive the energy segment of inflation down while simultaneously crippling Russia by decreasing its flow of hard currency. Russia at $95/barrel is rich. Russia at $40/barrel is poor.

Which would be better for America and the world?

Biden's legacy, if he succeeds, will be a decrease in the standard of living for most Americans and an increase in the power and influence of OPEC and other oil-rich states...like...oh...Russia!

Oil prices rise as tight market looks to Russian-Western diplomacy

Price gains also limited by possibility of Iranian crude returning to the market

www.irishtimes.com

I'm not a Biden fan so much as a Trump foe, but Oil production has been increasing pretty steadily since the pandemic and lack of demand crushed the market price.

U.S. Crude Oil Production - Historical Chart

Interactive historical chart showing the monthly level of U.S. crude oil production back to 1983 from the US Energy Information Adminstration (EIA). Values shown are in thousands of barrels produced per day.

www.macrotrends.net

There's no way that the EU can lose 40% of its natl gas and not have an ecom nightmare. Putin's literally banking on the EU not forcing itself to accept that pain.

 

[Meathead]

I'm not a Biden fan so much as a Trump foe, but Oil production has been increasing pretty steadily since the pandemic and lack of demand crushed the market price.

This has left me speechless. I deplore the dumbing down of Americans.

 

[bendog]

This has left me speechless. I deplore the dumbing down of Americans.

irony de jour

 

[Harpy Eagle]

And Brandon thought this was wrong because?

It is my understanding there were a lot of environmental concerns with the project.

 

[Harpy Eagle]

This has left me speechless. I deplore the dumbing down of Americans.

Why do facts and truth leave you speechless?

 

[Mac-7]

I'm not a Biden fan so much as a Trump foe,

That makes you a typical lib

many of whom are so bad - not necessarily you - but others hate trump only for his NY personality

 

[Harpy Eagle]

irony de jour

We are up 20% since the end of the 2020 plunge and the current rate of increase will be back to the peak of the Trump years by Nov of this year.

But these people are told the opposite and no amount of data or facts will ever deter them