March 6, 20223 yr 10 hours ago, NOTW said: Country music singer huh? This could be one of iladelphxx’s woke cultural appropriation memes.
March 6, 20223 yr reminder that presidents have very little control over short term gas prices. here's UK vs US the last 5 years: heck if anything the US gas prices during Trump's years kept jumping ahead of our friends in the UK. Biden's policies aren't causing this. oil producers - both OPEC+ and yes to some degree US producers - are artificially keeping supply down to ensure oil prices remain high.
March 6, 20223 yr Reminder Biden’s Fossil-Fuel Blockade His Administration still refuses to hold onshore drilling lease sales.
March 6, 20223 yr 33 minutes ago, JohnSnowsHair said: reminder that presidents have very little control over short term gas prices. here's UK vs US the last 5 years: heck if anything the US gas prices during Trump's years kept jumping ahead of our friends in the UK. Biden's policies aren't causing this. oil producers - both OPEC+ and yes to some degree US producers - are artificially keeping supply down to ensure oil prices remain high.
March 7, 20223 yr 14 hours ago, iladelphxx said: Again... Keystone XL was nowhere near being in production. Zero effect in gas prices in 2022. 333 drilling permits per month were issued from Jan 20 through the end of 2021. That's more than Trump averaged pre-Covid, I don't recall a lot of queefing over gas prices from 2017-2020. And per the BLM report, "Federal onshore oil and gas production accounts for approximately seven percent of domestically produced oil". (https://www.doi.gov/sites/doi.gov/files/report-on-the-federal-oil-and-gas-leasing-program-doi-eo-14008.pdf) So you're arguing about permits that marginally impact oil production on what makes up only 7% of overall production - these drilling permits amount to a fraction of a percent of overall production. And even so, you have to go back at least a decade to find a two year period where more drilling leases were approved than the last 2. Drilling leases are NOT a dam holding back domestic oil production. Nordstream was to carry natural gas. I don't know wtf you think that would do to impact gasoline prices. And even if it was crude, it should have had the effect of LOWERING gas prices as the supply increases. You're literally just pointing to a pipeline cancelation and a (natural gas ) pipeline being completed and implying both are causes of gas prices. The biggest factor here is oil producers. OPEC is producing 10% less than pre-pandemic. US producers also appear to be throttling supply, albeit at a lesser rate. Oil producers around the globe are apprehensive about increasing supply too quickly after demand fell so sharply due to COVID-19. Which is why gas prices are up globally. It is not as simple as "Biden bad," no matter how politically appealing that message may be.
March 7, 20223 yr The exact same thing happened during the Iraq war. OPEC sees the pandemic, and subsequent conflict as business opportunities.
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