Tell me why oil prices started going immediately after Biden's election. Coincidence ? Didn't happen after Trump's election.
You don't think going from "drill baby drill" to "let's go green" has any impact on the current gas/oil prices?
HE DECLARED WAR on Oil and fossil fuels DURING HIS CAMPAIGN! And when he was elected he started shutting down projects in that sector ASAP. Thats why psychology changed and thats why we can't ramp up production to offset some of the Putin crap. BECAUSE who would take on the RISK when the leaders have declared to put you out of business? NO ONE would.
OPEC UP 3mm barrels
Because they aren't price gouging. They don't SET THE PRICES it is set on the open markets. Thats one thing.
You are delusional. When the POTUS,the largest oil producer in the world, declares he is going to destroy fossil fuel industry, it effects international oil market's psychology. How could you possibly think otherwise?
Smart business people. Who would donate to their own demise?OIl prices are making record profits at a time when the people are hurting at the pump. I'm sure the GOP reaction to the bill have nothing to do with this.
He hasn't. Our energy and fossil fuel companies have and they COULD have increased production more but he shut down projects, increased red tape, and made getting new financing dry up.
The BILL ASSUMES PRICE GOUGING but thats just political rhetoric. There is no gouging the PRICES ARE SET IN THE OPEN MARKETS just like wheat, beef, corn, soybeans, foreign currencies, Treasury products, metals, lumber, copper, pork bellies.
When Trump took office production was at 8.8 million barrels a day thanks to Obama's regulation. In the last month before the Covid shutdown we were at 12.7 million barrels a day- facts. We are now a million barrels a day below that figure and draining SPR and going begging to Saudi Arabia. Get real.
Cite your source for these morons.
Price gouging to blame for everything- oil companies, meat, chicken, shipping companies, trucking companies, eggs, milk, etc.
Oil prices are dependent upon supply and demand are are subject to world events.
Please don't confuse the progressives with facts. They are very fragile and may melt.
Brandon being elected was a world event - and a tragic one.
In the last three months of the Trump Administration oil prices rose by 32% which means oil prices were rising before Biden took office.
Thanks Professor. And what happens when the leader of one of the top producers in the world threatens to put you out of business? Is that good for the market? Does that create a "lets take on risk" environment? Do you know how many wells they drill that don't produce any oil?
And in 2020 oil was negative priced. In fact it traded at -32$ per barrel. January 2020 $2.10 per gallon.
Every developed country in the world is looking to lessen dependency on fossil fuels and invest in renewable energy.
Shutting down the Keystone Pipelines and half of Alaska are tangible actions. Business will not invest Million$ to energy creation only to have their investment wiped out by a pen stroke of a senile old fool wearing diapers.
HJCane is a Trump apologist who is in for a rude awakening when his hero faces criminal charges for trying to overturn the election.
The last three months of the Trump administration. hmmm? That would directly coincide with the terrifying knowledge that Brandon would soon be in charge. Smart people knew his policies would be a disaster and starting acting accordingly.
