Also thinks Biden's reckless spending has nothing to do with inflation. Larry Summers, Robert Rubin, and Steven Rattner say hi.
Nat'l average gasoline now..............
- Thread starter HJCane
- Start date
More BS! I was simply making the point that rising inflation is a global problem and not just occurring in the U.S. Simply google," Are inflation rates rising around the world" and read for yourself and quit being obtuse and looking for an argument!
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Non partisan comment. Just a factoid: in Newport Beach, CA, I paid $7.03 per gallon today for 91 octane.
Talk amongst yourselves.
Talk amongst yourselves.
Oil companies are vilified daily by the regime and have been for years
NY has investigated Exxon for fraud because of alleged global warming
The liberals love to liken any industry they hate with tobacco companies. How stupid is that.
Oil companies and gun manufacturers produce products that are beneficial to mankind. What’s beneficial about tobacco ( other than fine cigars !)
Alaska has oil ooozing from the ground . Can’t touch it . Environmental restrictions hamper production everywhere. Fracking is being prohibited
Only 2 years ago we were awash in oil , it was virtually worthless .
Now we are looking at $140 per barrel and $7 per gallon gas ⛽️
NY has investigated Exxon for fraud because of alleged global warming
The liberals love to liken any industry they hate with tobacco companies. How stupid is that.
Oil companies and gun manufacturers produce products that are beneficial to mankind. What’s beneficial about tobacco ( other than fine cigars !)
Alaska has oil ooozing from the ground . Can’t touch it . Environmental restrictions hamper production everywhere. Fracking is being prohibited
Only 2 years ago we were awash in oil , it was virtually worthless .
Now we are looking at $140 per barrel and $7 per gallon gas ⛽️
I loved Senator Kennedy’s comment.
It would be cheaper to get high on cocaine, and just run everywhere.
Core inflation here rising at over twice what it is in Europe. Tell me why. Not BS.
Yea, and how is transporting oil by truck better for the environment with the pollution put out by trucks? Does a pipeline create pollution? You ain't a green guy if you didn't consider the exhausts from the trucks!🤭
The Keystone Pipeline has a history of spills and the proposed route would pass through the Ogallala Aquifer, the largest freshwater aquifer in the world which has been the main source for agricultural and public water for Nebraska and parts of seven other states. Wd are the leading oil producer in the world. We don't need Keystone.
Yes let's beg Saudi Arabia, Iran, and Venezuela to give us more oil.
Just a reminder that the Keystone Pipeline was predicted to add 800,000 barrels per day to U.S. refineries. In 2020 oil production in the U.S. reached 16.5 million barrels per day. The outcry over Keystone cancellation is overblown! Keystone would have added a bout 1% of the crude oil processed in U.S. refineries.
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By trying to defend this nonsense you’re sounding more pathetic with each post, you work harder than CD and make about the same sense.
Not a good sign for the democrats.
www.breitbart.com
You know what that means.
Poll: Most Believe Biden Admin Allowing Gas Prices to Rise to Get Americans off Fossil Fuels
Most believe the Biden administration is allowing gas prices to rise to force Americans to use less fossil fuel, a Convention of States Action/Trafalgar Group survey found.
www.breitbart.com
You know what that means.
You're ignoring reality and making a big deal out of nothing. Keystone posed too much risk for negligible return. Remember, it would have added about 1% of the crude oil processed in U.S. refineries. An amount not worth the risk of contaminating the world,s largest aquifer!
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None of this would have any meaningful effect on the gas price.
But here's something that would - a bill to prevent gas price gouging at the pump. Every single Republican voted against it. How strange.
I don’t agree with your assessment, but your ignoring everything else he did to hurt the fossil fuel industry, his first week through executive orders.
Spot on. It wouldn't have made any meaningful difference in gas prices given that the price of oil is driven by international supply and demand. It would be like investing in horse drawn carriages in 1910, at a point in history when the automobile was invented, just as now we are transitioning from oil to electric.
Did the federal government shoot horses and give tax breaks to Henry Ford?
When everything is going wrong blame price gouging-oil, meat, trucking , shipping, fertilizer, chicken etc. Why didn't all this evil stuff happen under Trump with his 1.4% inflation.
Because Trump's economy didn't have to deal with the longer term effects of the global COVID economic recovery. Much like the price of oil, Joe Biden and his administration have little to nothing to do with the inflation problem we are seeing. Its simply a reality related to pandemic recovery that the entire world is having to deal with.
Stronger demand and too few goods to meet it due to supply chain shortages. This is true in Turkey, Europe, the Middle East, China, South America, and the US.
Its a global problem that no one person can fix.
When One Incompetant Person - Brandon - took office all the problems started.
Trump was in Office during a period of low inflation and economies are not static. History shows that presidents exert limited influence over the economy.
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Trump had low inflation, because he kept energy costs down. It's all about energy. Wake up.
Inflation isn't a domestic issue, its global. Therefore no one person can influence it in any meaningful way. Every country is dealing with supply shortages and price increases due to the pandemic recovery at the moment.
Horowitz: The war on coal and natural gas destroys Americans and empowers China
Oil is king when it comes to energy policy, but coal and natural gas are just as important. In the case of all three fossil fuels, Western governments have engaged in an all-out war on exploration, production, and generation, banned Russia’s exports of those products, and then gave a monopoly to...
www.theblaze.com
Dems Don't Want You To Know How Much Fossil Fuel Electric Cars Use
Democrats are telling Americans electric cars are good for the environment, knowing their charging stations are not fossil fuel free.
thefederalist.com
Biden is already puckering up his lips for some massive but kissing.
www.theblaze.com
Biden plans to break with his own precedent as he moves closer to buying oil from Saudi Arabia
President Biden is expected to extend an olive branch to Saudi Crown Prince Mohammed bin Salman after promising to make him a "pariah" and working to isolate the Saudi regime for months.On Monday, the White House confirmed that Biden is planning to visit the oil-rich nation this summer, marking...
www.theblaze.com
Biden campaigned on destroying fossil fuel industry. As soon as he got elected international oil markets reacted and prices started going up, because they justifiably felt threatened in terms of permits, regulations and financing- facts.
@Mike We are not producing anywhere near 16.5 barrels a day at this time ,and we are depleting SPR which will have to be replaced at higher prices. Brandon is a great businessman.
Trains. Worse than pipelines, trains.
Hogwash.
A recent radical experiment in fiscal policy might prove the exception to the rule. Various rounds of Covid-19 stimulus contained extensive direct transfers to households. Since the beginning of the pandemic, “the IRS has successfully delivered more than $1.5 trillion to people across the nation through Economic Impact Payments, tax refunds and advance Child Tax Credit payments.” Perhaps stimulus checks work differently than other forms of federal spending.
John Cochrane is the leading economist raising the alarm on “fiscal inflation.” Not coincidentally, Cochrane is the chief theorist and most outspoken advocate of the fiscal theory of the price level (FTPL). According to the FTPL, goods and services across the economy get more expensive when the present value of government budget surpluses fall. If Uncle Sam doesn’t credibly commit to raising taxes tomorrow to pay for spending splurges today, the most likely outcome is debt monetization: the Federal Reserve steps in to pick up the tab. Anticipated money printing causes the price level to rise, and hence the dollar’s purchasing power to fall.
And this from the Economist in December 2021 when inflation was running 6.8% for all you who keep speaking about GLOBAL INFLATION. @miamimike @Raoul2
ere is a potted history of recent economic policy and inflation. In the 2010s central banks created vast amounts of money through their quantitative-easing (qe) schemes, while governments enacted fiscal austerity. Inflation in the rich world was mostly too low, undershooting central banks’ targets. Then the pandemic struck. There was plenty more qe. But the truly novel economic policy was the $10.8trn in fiscal stimulus implemented worldwide, equivalent to 10% of global gdp. The result was high inflation. The rich country that has splurged the most, America, has had the most inflation. With consumer prices rising at an annual pace of 6.8%, the Federal Reserve on December 15th was forced to acknowledge that inflation had become a big threat.
ere is a potted history of recent economic policy and inflation. In the 2010s central banks created vast amounts of money through their quantitative-easing (qe) schemes, while governments enacted fiscal austerity. Inflation in the rich world was mostly too low, undershooting central banks’ targets. Then the pandemic struck. There was plenty more qe. But the truly novel economic policy was the $10.8trn in fiscal stimulus implemented worldwide, equivalent to 10% of global gdp. The result was high inflation. The rich country that has splurged the most, America, has had the most inflation. With consumer prices rising at an annual pace of 6.8%, the Federal Reserve on December 15th was forced to acknowledge that inflation had become a big threat.
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