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

Republicans thought passing anti-abortion laws prior to the election was a winning move....

Biden seems to know what the people want.... Republicans don't

 

The core causes of inflation are restricted fossil fuel energy product, excessive government spending and “modern monetary theory” which has the Biden administration financing it’s spending with bond sales to the Federal Reserve. That overheats aggregate demand and over grows the money supply. All the rest is Democrat and Biden administration spin.

 

LOL You are clueless. Brent Oil field production is now zero but is still referred to as Brent oil even though none of it comes from the Brent fields

 

Attention PF MEMBERS;

Prior to the Midterm Elections, we had a severe diesel/heating fuel shortage, and said shortage WAS ABSOLUTELY NOT caused by a crude oil shortage.

Response from a few Liberals; “We should stop exporting diesel/heating fuel, and take care of our citizens”

Response from a few Republicans; “The U.S. has just 25 days of diesel supply, the lowest since 2008…..Damn Biden’s energy policies”

Response from one REAL free-marketer; “If Europeans are willing to pay more for our crude oil products, then, that’s capitalism!”

My response; “Correction; 25 days of supply if if if our refineries stop producing diesel”.


Question; During said crisis/one month to several months before the Midterms, was Biden depleting our diesel stockpiles for political reasons?

 

AND “onshore” Texas Producers are only drilling on Private and State land.

A main difference between Texas and New Mexico; NM’s Permian Basin, mainly Federal land.

 

Yep. Trump seized an opportunity to fill our strategic reserves with oil at a lower cost. That was a good move.

Biden placed the US in a position to be dependent upon foreign oil. That price escalated so Biden responded by draining the strategic reserves for a very brief period of a modest price reduction. Now that period is over and prices are rising again. Those were bad moves.

 

Only a stupid person would not want the company who employs them not to be successful. That’s why the vast majority of government workers are Democrats.

 

The reasons why Biden end up backpedaling several energy policies;

1. Russian invasion of Ukraine, and mainly financed by oil and gas revenues.

2. EU’s energy sanctions against Russia

Note; A great majority of our citizens have now realized that oil is still strategically important.

 

Let's see if we can motivate you to think for yourself. Energy experts explained that the oil he sold from the reserve wasn't enough to make a meaningful dent in the shortage. Much of it was sold to China which resold it. We also know that the reason for the price decline was caused by supply and demand, the same thing that is raising those prices currently. Therefore selling the oil was not an economic move. It was political. Since we sold cheap oil in order to have to replace it with more expensive oil, then I, for one, would consider that, not an abuse of power, but an abuse of common sense and competence. Greene is strange person to be sure but criticizing the action was the right thing to do, just not for abuse of power. He definitely had the power to do it.

 

The cause of the price spike in oil was the Russian war on Ukraine and the subsequent purposeful disruption in supply by Russia.

The oil market ALWAYS responds with higher prices when supply is actually changed or is even threatened like that.

So, Biden took his action to increase supply (and thus hopefully reduce oil price) when the major economic issue was inflation.

Republicans absolutely DID see that inflation as an emergency.


US presidents have released oil from the strategic oil supply on a number of occasions.

 

What energy policies has Biden backtracked on? He put the US back into a place where we are dependent on foreign oil. That policy remains in place.

 

Inflation was a serious issue for all America, not just one party.

Economists note that the problematic inflation was the result of oil price spikes (caused by the Russia-Ukraine war and resulting action) and supply chain problems stemming from the world wide COVID pandemic.

Biden made moves to attempt to lower the price of gas - both in going to OPEC and releasing some oil from strategic reserves.

I don't believe you have ANY reasonable complaint about that.

 

Oil price has been determined by the world wide commodities market for a very long time.

I don't see a way for your comment here to make sense.

 

Everytime it has been used is to keep up an emergency supply disruption except with Biden. It wasn't an emergency disruption it is of his doing.

 

The right simply cannot allow themselves to believe or acknowledge that old "Sleepy Joe" ain't so dumb after all. There is no logic to most of their arguments. They just want to hate, and blame.

 

Yup! Private land is what the late great Mr. Obatard has to deal with too

 

We don't need to be crude oil independent because crude oil is the only source of fuel for this country that can produce energy. Hence the issue. Second, we use a specific form of crude oil, a heavy form of crude oil.

But that is why the proper discussion is how to diversify our energy grid in which if one source has problems the other sources can make up the difference, among other things. But that is a different discussion for a different thread.

 

The cost of education has been a major concern for YEARS.

We are blocking Americans from education by the stupendous charges of today. Plus, there is the problem that those who graduate with gigantic debt feel huge pressure to take legacy jobs rather than contributing their newly acquired capabilities to the small corporations that come up with bright ideas.

There is no question that we need university graduates all across our institutions of science and technology.

Suggesting this has to do with an election cycle could NOT be more wrong.

 

Geebus, that's stubbornly uninformed.



See #62. The Biden administration is making us billions of dollars on this, long term, by selling SPR reserves at $96 per barrel, then replenishing those reserves when the price drops to $70 per barrel. It's at about $79 right now, and falling. Wake up and smell the money!

I know you can do better. I have faith in Blues lovers, I like Blues music, too. You just need better, less biased information sources.

At least share a link or two on this issue. Where are you getting this misinformation?

 

It's more serious than that - by a lot.

As recently as the Trump administration, oil corporations were going out of business because of the low price of oil, and Trump was in talks with the Saudis to get them to help RAISE the price of oil.

Oil corporations have to carefully control investment in new fossil fuel extraction projects, lest they fail as many did under Trump.

So, they can have large numbers of permits. But, no matter how promising they look, they have to be carful about their investments in drilling.

 

No, it isn't of his doing. And we've released reserves in similar situations in the past. This is nothing but fake and hypocritical outrage based on complete nonsense.

 

Oh. So that revision of events justifies Taylor Greene’s screeching nonsense?

 

Damn, I speechless! Well done, Sir!!

 

Thanks but I stand by what I said.

 

Yes, I do, because yes, all of those items in the code you cited are, in fact, quite true. See the links in #62 and #167.

Thank you for including the results of your research. I've read that legal code before, but I mistakenly figured that anyone would see that the legal conditions had been fully met.