Biden’s Inflation Costing Average Americans an Extra $175 Per Month

As you said, Trump cut production so how did cause cheap gas prices? You're whole point was that Trump cause higher gas prices that have skyrocketed under Biden, but you've literally just confirmed my point about Trump saving the oil companies by getting the Saudis to cut oil in 2020.

You don't even understand what you're talking about.

Biden botched deal to increase supply wants the economy opened, because he insulted the Saudis by calling them "vermin", and the broke the military deal them. And he tried to make a deal with the Iranians.

For god sakes. Biden's own energy secretary said they are trying to put the oil companies out of business. You're betraying the oil companies, and lying about Trump doing the same.

 

if you want to ignore Trump threatening other countries to reduce supply in the middle of last year, that is on you

supply and demand... that is why we have high prices at the pump... Thanks Trump

 

Whatever gets the job done when it needs to be done. The guy accomplished an incredible deal.

We have higher gas prices cause Biden didn't continue the deal that Trump made with the Saudis. He betrayed them and our country by putting his own agenda ahead of the needs of Americans. His own energy secretary confirmed that they are trying to put the oil industry out of business by limiting their production. That's why we don't have enough supply. If he wanted more oil from other sources, he shouldn't have pissed off our ally.

Why can't you get that simple concept? Have you ever negotiated deal in your life? Cause when you break a deal, it tends to piss off your contractual partner.

 

The govt het much more in taxes per gallon of gas than the "evil corporations" do.

The hilarious excuse of greedy corporations show dem voters are low acuity.

 

Every time they bring those cases, it is almost always adjudicated the same way.

"Although the countries do fix oil prices, they are government, not commercial entities. That makes them beyond the reach of U.S. antitrust laws, according to a 1979 U.S. District Court decision." https://www.thebalance.com/price-fixing-types-examples-why-it-s-illegal-3305955

The deal you make with other governments impacts oil prices. It isn't the companies. That's why Biden should not have breached our agreement with the Saudis.

Biden's threat to prosecute the oil companies is just another example of him playing the blame game, because he wants to remove accountability from himself. No buddy bought the Trump argument, so the administration looked for someone else. It's on Biden.

 

It's all moot anyway. Gas prices are coming down cause the vaccines are failing to protect people from new strains of the coronavirus.
https://www.investing.com/indices/us-30-futures?cid=1175152

The economies in Europe are going to shutdown, and the US will probably follow suit after the next four cold fronts sweep dry arctic air into the lower 48.

 

most people do not call call higher prices at the pump an "incredible deal" - Trump sold us out for the oil companies

 

In 2020, the price of oil dropped to $21 a gallon. I think people were just fine paying the prices at the pump at that time. The issues was that oil companies need the price to increase in order to stay in business. That's what Trump did.

Biden, the Democrats, and you are currently selling the oil companies. It's in your party platform. You're energy said it was party of the Administration Plan. This is on you. Elections have consequences. Biden sold the American people out for China. He stopped new oil lease and ended the mining installations that would have provided us with materials for green energy. He gave our future to China, and China gave us Coronavirus.

I think you just want Trump back in office in 2024. Why else would they argue silly points? Subconsciously, you desire the orange blob, and your wish will soon come true. Have a good Biden Black Friday.

 

I was fine with the lower prices, why did Trump think we needed them to be higher... sad!

 

Go look up shale oil and how much it costs to refine verse OPEC oil. The price war with the Saudi's and Russia...and how our oil companies wee laying off workers and threatening to go under. Then realize that because Biden's in command and simply asking, where as Trump DEMANDED both Saudi and Russia knock that **** off...

Ya, because Trump's not in office...the prices have gone out of control.

Sokay though right? Renewables are on their way...right?

lol.

This is what happens when you nominate a weak person in an attempt to solve mean tweets.

 

yes, Trump told them to cut oil supply last year, gas price are now higher, oil companies are happy

"Go look up shale oil and how much it costs to refine verse OPEC oil. "

basically you're saying we can't have low prices because of shale oil

 

As was explained to you by multiple people besides myself, without our home grown oil companies not affiliated with OPEC which colludes to control price and oil production...insuring that our oil companies survive is how we drive competition and keep OPEC in check.

Biden begging doesn't do the job.

That's the reality. OPEC has in the past, tanked oil prices for long stretches at a time just to put foreign oil companies out of business. And once they achieved that goal the oil prices spiked. Hard.

At the time Trump demand OPEC cut oil prices, they were currently in the process of doing that with Russia. There was an oil price war. And the side effect was that US oil companies were going out of business and American's were getting laid off. That would be a bad thing. So he stepped in and aggressively told them to knock it off. And because he's Trump and aggressive as ****. They complied. And the oil war stopped.

We want cheap oil. We can't have dirt cheap oil because Shale oil has a higher refinery cost. Oil got to a price where those refining it here were losing money monthly.

Now if Trump were still president. He would be demanding OPEC increase production because unlike Biden who's handcuffed with nonsensical environmental doctrine, Trump wouldn't give a **** about that and simply demand they increase production or else. Because the oil is ****ing with America's economy. But instead...we have Biden. Who's tried begging to no avail and has now released 2 days worth of oil from our coffers as a peace offering to his voters that in the end does nothing.

Has it ever occurred to you as to why you are the only one linking that article? And how more people other than myself are telling you why your hypothesis is wrong?

So again. When you link the Trump ****, it's just highlighting your ignorance as to why he made that request and the control or pull Biden has with OPEC compared to Trump. How OPEC works. The difference in refining oil here versus in the middle east...But hey! Please! Keep linking it like you are making a point. lol.

 

yep, American oil companies wanted higher prices, Trump gave them what they wanted

the question is, did the American people want higher prices at the pump?

if one is ok with higher prices at the pump, they probably support what Trump did

"We want cheap oil. We can't have dirt cheap oil because Shale oil has a higher refinery cost."

I will take dirt cheap oil, speak for yourself, I like low gas prices at the pump

I do not want to pay more at the pump just so "Shale oil" can be more profitable

 

Those record high gas prices?

Biden did that.

 

Trump did that... per the previous poster, Trump did it cause "Shale oil has a higher refinery cost."

 

Govt says Biden did that.


https://www.eia.gov/petroleum/gasdiesel/

 

Did you just gloss over the reality that if you bankrupt and removed our domestic oil companies...removing competition from OPEC...you drive UP the prices. Right? Because OPEC will then rule the roost. And if you think they have our interests at heart or the environment...lol.

 

I feel like I'm trying to explain how free markets, oil refinery and OPEC collusion to my son. Who's 6 years old.

It's frustrating to have to repeat myself piece meal as you gloss over all the important stuff.

 

you're the one saying we need higher prices because Shale oil has a higher refinery cost

 

Yes because the reality of needing domestic oil NOT CONTROLLED by OPEC and instead to our own interests is slightly more important. We want cheap. But not so cheap that our own companies are going bankrupt and people are getting laid off.

Get it now?

 

it is controlled by OPEC, why is American oil not cheaper right now, tell American oil companies to lower the price

 

They don't want to understand. Their mind is made up and orange man is bad.

 

It isn't controlled by OPEC. Ffs. The only thing that lowers the price is increased production.

Do you not understand simple supply and demand? Biden can't tell them to increase production because it would require a commitment into oil. Its not as easy for our companies to simply turn open a faucet. They have to commit to it long term.

Biden is handcuffed by environmental directives to order them to do that so instead hes begging OPEC to please increase production and they are saying **** you, Joe .

They don't have to increase **** and why should they? They get allllll the money right now.

Last time Joe threatened somebody he ended up either gifting them millions in military equipment or he drones children.

Nobody is scared of sleepy Joe.

 

Yeah he raised them throughout Europe too. Brilliant! Sheesh

 

Inflation is manageable. Sure. it's a genuine problem, but it’s hardly spinning out of control. Inflation panic, on the other hand, is getting ridiculous. Right now a highly motivated political opposition and a hysterical media are cooperating to characterize a real but manageable issue as a historic economic catastrophe. And that's the only real problem here.

There are multiple factors contributing to the inflation panic, none of which have much to do with actual economic reality. First, Republicans are highly motivated to say and believe that the economy is an absolute disaster for little reason other than the fact that a Democrat is now in the White House. Inflation is the handiest focus for that belief.

Partisans on both sides have said for decades that the economy is doing better when their side is in charge and worse when the other side is in charge. But now, that effect has essentially been supercharged — for Republicans. According to the University of Michigan’s long-standing survey on consumer sentiment, Republicans now rate the economy as doing worse than during the heart of the Great Recession or the lockdown last summer!

Even if some inflation is almost inevitable as we climb out of the economic crisis created by the pandemic around the world, in many ways, the economy is doing great. So actually, this recovery has been nothing short of stunning. After the "Great Recession", it took an entire decade for employment levels to return to what they had been in the beginning of 2008. Yet just a year and a half since we put the American economy into a "medically induced coma" and lost 22 million jobs, 18 million of those jobs have been recovered, and more are being created at a very rapid pace.

So let the partisan BS accusations rage. Nothing new there.