Biden Team On Gas Prices: We Give Up!

[Romanticlover]

The .41 per gallon state gas tax isn't helping either, our roads still look like shit and traffic is still bad.

Where the fuck is all that tax money going?

[Bande]

[HighStepper]

Shutting down the Keystone pipeline is not the problem. Actually the existing pipeline continues to take oil from Canada to the Gulf Coast refineries.
It was the permit for an add-on to the Keystone system that was revoked.

It is all about supply and demand. Biden administration is scrambling to get more supply but is it not going to happen overnight.
Oil prices will be a key plank in the Republican campaign strategy during the midterm elections.

As I asked before and no one answered. What is the Republican plan?

[Romanticlover]

As I asked before and no one answered. What is the Republican plan?

There's no clear consensus yet but I would imagine it involves leasing more Federal land to oil companies.
As for refineries, they can be built anywhere, I don't know why they don't build them in red states such as South Dakota or Montana.

[HighStepper]

There's no clear consensus yet but I would imagine it involves leasing more Federal land to oil companies.
As for refineries, they can be built anywhere, I don't know why they don't build them in red states such as South Dakota or Montana.

The Republicans have been very clear on our approach: open America's vast petroleum resources; triple our current production by 2027; cut foreign imports by one third.  Even more importantly, this measure means hundreds of thousands of new jobs and hundreds of billions of dollars of direct revenues into the national and state treasuries – not through higher costs for consumers but through growing prosperity for our country.

Floor Remarks by Congressman Tom McClintock, May 11, 2011.

Looks like the Republicans didn't work their plan or their plan didn't work.

[Hobby]

The Republicans have been very clear on our approach: open America's vast petroleum resources; triple our current production by 2027; cut foreign imports by one third.  Even more importantly, this measure means hundreds of thousands of new jobs and hundreds of billions of dollars of direct revenues into the national and state treasuries – not through higher costs for consumers but through growing prosperity for our country.

Floor Remarks by Congressman Tom McClintock, May 11, 2011.



Looks like the Republicans didn't work their plan or their plan didn't work.

Whatever the plan was in place was wiped out by Biden EOs.  Dow fell today -876 points wiping out all gains since Biden took office. Fuel costs are still rising. People are getting crushed by inflation. Biden has no  clue how fix this but has no problem blaming others for his mistakes. Low-income families are in real trouble trying to eat and stay in their homes.  This is a disaster. Should Republicans take the control of the Senate and House they won't be able to change much of anything as Biden has the veto power.

[bats]

Whatever the plan was in place was wiped out by Biden EOs.  Dow fell today -876 points wiping out all gains since Biden took office. Fuel costs are still rising. People are getting crushed by inflation. Biden has no  clue how fix this but has no problem blaming others for his mistakes. Low-income families are in real trouble trying to eat and stay in their homes.  This is a disaster. Should Republicans take the control of the Senate and House they won't be able to change much of anything as Biden has the veto power.

It's easy to blame Biden for everything. But we've discussed here before that the problem with oil production in the U.S. is not a shortage of capacity. If they wanted to the oil companies could, in the near future, produce a lot more than they are currently.

A big reason they're not about to do that, at least according to what I've read, is that both the companies and investors are fearful that prices will fall and their investments will suffer. Biden hasn't caused these fears. They come from recent experience.

Also, Biden didn't cause the climate emergency (yes, it's an emergency) that makes energy policy so difficult these days, and Biden didn't start the war in Ukraine--another cause of increasing food and fuel prices.

Biden also didn't bring about COVID, which is having lingering effects on supply chains--another cause of inflation. 

[Romanticlover]

Looks like the Republicans didn't work their plan or their plan didn't work.

It worked when Trump was President because gas was $3.25 a gallon.

Americans don't care about supply shortages being the reason, they care about the price at the pump and food prices which have gone up under Biden.

[Blkfyre]

It worked when Trump was President because gas was $3.25 a gallon.

Americans don't care about supply shortages being the reason, they care about the price at the pump and food prices which have gone up under Biden.

And people were locked inside for two years not driving thus driving down the price, simple economics. Trump gets no credit for that...

[Romanticlover]

The price of gas was low before COVID, who gets credit for that?

[Danno]

oil executives have said they aren't going drill any new wells. not using all the ones they have now. go back trac the barrel price and cost of a gallon. you will see we are being screwed by big oil. there is no shortage.

[Bande]

It's easy to blame Biden for everything. But we've discussed here before that the problem with oil production in the U.S. is not a shortage of capacity. If they wanted to the oil companies could, in the near future, produce a lot more than they are currently.

A big reason they're not about to do that, at least according to what I've read, is that both the companies and investors are fearful that prices will fall and their investments will suffer. Biden hasn't caused these fears. They come from recent experience.

Also, Biden didn't cause the climate emergency (yes, it's an emergency) that makes energy policy so difficult these days, and Biden didn't start the war in Ukraine--another cause of increasing food and fuel prices.

Biden also didn't bring about COVID, which is having lingering effects on supply chains--another cause of inflation.

People keep making every excuse in the world for ChinaBiden.
Fact is ChinaBiden directly caused the issues at hand.
Declaring he was going to put fossil fuels out of business, stopping the pipeline, rescinding oil permits,And makiing us oil dependent rather than independent.
Keeps switching it up, one time blames it on Putin, and next time blames it on the pandemic.
Not to mention his conference that he stated it was a transitional period. Ultimately he knows his time is short he is working on putting their agenda in place no matter how it affects the economy. Fast pace to electric carsn that are a failure.

[Blkfyre]

The price of gas was low before COVID, who gets credit for that?

Still Covid:

By the week of Trump's inauguration, the average fuel price was around $2.32, according to data from the U.S. Energy Information Administration. The highest price during his administration was $2.96 in May 2018, and its lowest was around $1.77 in April 2020, when much of the country was locked down due to the COVID-19 pandemic. When Trump left office on Jan. 20, 2021, the average price was around $2.39 a gallon.

https://apnews.com/article/fact-check-chart-misleads-gas-prices-Obama-Trump-102618360729

But if you want to know, gas went UP under Trump from the low when Obama was President.

U.S. fuel prices went as low as $2 a gallon in January 2015 and $1.72 in 2016. In fact, Obama was in office at that time, with his tenure spanning from 2009 until Jan. 20, 2017. During that time, gas prices peaked in May 2011 at $3.97 per gallon.

So yes, Trump got gas prices down during, yup, the lockdown and back up again when things opened back up, but never got them as low as Obama did when the world was "normal".

[dogwalker]

If one ignores the steep drop in oil prices just after the COVID pandemic started [to $20/bbl], then the current steady increase in oil prices [to $120/bbl] started in early 2021.  It's due to all the things discussed here to varying degrees.
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[Romanticlover]

https://twitter.com/mazemoore/status/1536353154731745280