Marjorie Taylor Greene Says Biden “Abused His Power” by Lowering Gas Prices

Yes, and that is because of OPEC primarily, along with the Ukrainian-Russian war and all the sanctions that are in place. So, you want to let Russia off scott-free in order to increase that oil supply?

 

So Trump filled it with cheap oil and Biden sold at a profit. I hope Trump bought when oil dropped below $0! Any country can add to their reserves at any time. And you think China is going to start a war with the US?

 

Not sure where you live, but gas prices have not increased where I live.

And yes, all of the reds reasons why elections don't go the way they want are nothing but batshit crazy conspiracy theories. I get it though, yall need a coping mechanism.

 

Oil has gone up a couple of percent because China have opened up their markets. This was always expected

 

It would not take a huge amount of new oil added to the world pool to significantly drop prices.

 

Correction;

It all started when Big Oil “HAD TO” cut their own crude oil production, from February 2020’s record high 13,000 ( thousand barrels per day) to 9,600 (thousand barrels per day), October 2020.

Trump’s fault? NOPE

Due to Biden’s campaign pledge to end fossil fuel? NOPE

Due to a very low demand for crude oil products, such as gasoline, diesel, and jet fuel? YEP!

Note; In several threads, I’ve comprehensively explained the reasons why Big Oil don’t like to shut in their wells, however, in 2020, they had no other option.

In addition, since 2017, and mainly due to permanent closures, our Refinery production capacity significantly decreased from 18,900 to 17,900 thousand barrels per day, and when demand picked up, and due to non-political reasons, such as “The Texas Deep Freeze, Feb 2021), they were refining at a below average utilization rate until July 2021. Note; In several threads, I’ve posted DEMAND figures versus PRODUCTION CAPACITY, both crude oil production, and refining production.

By the way, all of the above aren’t excuses, but a reality.

Now, I’ll give something that will please you;

2021’s biggest mistake; Biden’s $2 trillion Covid package, and the candies were distributed at the beginning of a post-full vaccination pent-up demand.

Last, those who believe that my independent and impartial assessments are left-leaning, here’s my response; You are mentally sick!

 

I think that we should all be grateful, with this particular congress, that the voting public sees what is important to them and what is not. Their choices and actions will, hopefully, inform the voting public in future elections.

 

More excuses and lies. Why don't you have courage to say that you support the high prices because it was force people to stop using fossil fuels although you have no idea when the shortfall will be made up. Is it because the left's arguments are weak and arbitrary?

 

that is a relative term. We currently use between 14 million to 15 million per day. China is using oil at a faster rate and their demand is ever increasing, given that the economy is growing and the number of people in china owning cars of their own is also increasing. Then you have the rest of SE asia, South America, Africa, and Europe as a whole. So, we need to add some 1.5 million barrels per day to have a significant impact. And the US cannot do that in any way, shape, or form, even if we open up all federal land to oil leases and hope the companies will use all of them. The constraint, labor supply is very tight in the oil industry right now.

 

No. We know that some people think the looking "independent," when they are in fact leftists, makes them think that they are more convincing.

When somebody opens up with the line, "I've been a Republican all my life," and then launches into a left wing tirade, you know you are getting a snow job.

 

Actually, no. The Keystone pipeline's own report makes that claim. The maximum output is 510,000 barrels per day. But the safety for continuous flow is about 400,000 barrels per day. We use 13 to 14 million barrels per day according to the DOE. These are not lies, these are incontrovertible facts. So, oil is a worldwide demand. This is not something that affects just us if the price of barrel goes up on the future exchanges.

I don't support anything except capitalism. If demand is high and supply is low, then capitalism and classic liberal economic theory dictate high prices. That is the nature of things. pure and simple. And the law is the law too. But MTG is the one suggesting that we should have high prices in oil hoping it would lead to a GOP control of the Senate. It won't, not on this issue BTW.

 

We have been energy independent since around 2015 or so. Energy independence involves much more than oil and gas when we consume energy. Oil and gas is important, especially for our conveyances, but it is not the be-all and end-all for energy independence.

BTW, energy independence means we produce more energy than we consume. And energy comes in many different forms. What we need is a more diversified energy grid among the three major energy grids we have: Eastern, Western, and Texas. But that is a different topic for a different thread.

 

Yes, because I'm the only one affected by high gas prices, not the leftist. Gas has gone up $.30 in just a week. Biden's trick was temporary but you knew that, you just like to call it a batshit conspiracy theory. Reality bites both sides hard.

 

That's not what she's saying.

 

Biden drained the strategic reserves in an attempt to provide an advantage to Democrats in the 2022 election. That is an abuse of his authority,

Now those reserves need to be restored and we will be forced to pay a greater price to accomplish this.

 

If there was a profit, where did it go? And why hasn't the reserves been replaced?

 

Since the price of oil is the same as it was at the start of the year perhaps you should contact the oil companies who are artificially keeping the cost of gas high

 

It was announced that the reserves will be replenished start of Spring

 

So will crude prices drop blow what the last President spent on the reserves?

 

It is literally for reducing the price at the pump. That's the purpose. Every time it has been used, it has been used to increase supply and reduce prices. Every. Single. Time. It has never been used for anything else.

No, he doesn't. And you know he doesn't.

None of his actions shut down our domestic capabilities. The oil companies have a financial incentive to NOT increase production and they have chosen that path.

 

I presume you know how profit is calculated? I hope Trump bought when oil producers were paying out money for someone to take their oil

 

No, that is exactly what she is saying. The GOP wants the higher gas prices thinking it would give them an advantage in 2024 for the WH, the Senate, and expansion on the house majority. Everything that the GOP is doing is for 2024, nothing more, nothing less.

 

Well, one would think the previous content of the strategic reserves MUST have been cheaper than the selling price that this administration made PROFIT from

Maybe your calculations need some questioning

 

that is no abuse of authority. I would suggest you look at what the Strategic Petroleum Reserve is allowed to do and how they sell the oil. And when OPEC cut 2 million barrels per day, it drove up prices. Oh Hell, even Crown Prince of Saudi Arabia claimed that he was more powerful than the President of the United States in this regard. And Saudi Arabia is a regional power that no longer needs US support. They now have China and Russia, and will move away from petroleum dollars to petroleum Yuan, which would devalue the US dollar.

 

Perhaps you could state what your point is? Obviously if party A buys at 10, party b sells at 20 and party b then buys back at 15, BOTH party a and party b made a profit for the country. why do I have to explain simple economics to you?