Biden is making already-high gas prices higher

m.knox

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Because he is a callous idiot.

https://www.washingtonexaminer.com/opinion/editorials/biden-is-making-already-high-gas-prices-higher

“I want to emphasize: Demand destruction or demand slowdowns is not a fix to this problem,” Jeff Currie, global head of commodities at Goldman Sachs, said last Thursday. “There is only one long-term fix to this problem, and that is investment — harnessing large amounts of capital into this space to de-bottleneck it … And, at this point in the game, we still don’t see large-scale investment.”

The problem to which Currie was referring is the price of gasoline, which ranges from $6 to $8 in the United States. It is a problem that portends massive Democratic losses this November and for which President Joe Biden is doing everything he can to evade responsibility.

Currie’s point was that the “old economy,” as he called it, requires sustained capital investment — oil exploration, refineries, pipelines, etc.

Currie’s words, in fact, echo those of ExxonMobil's recent scathing statement, issued after the company grew tired of being scapegoated by Biden and Democrats for the high gasoline prices that their party platform explicitly supports.

“In the short term, the U.S. government could enact measures often used in emergencies following hurricanes or other supply disruptions — such as waivers of Jones Act provisions and some fuel specifications to increase supplies,” the statement reads. “Longer term, government can promote investment through clear and consistent policy that supports U.S. resource development, such as regular and predictable lease sales, as well as streamlined regulatory approval and support for infrastructure such as pipelines.”

This is yet another national problem Biden has made appreciably worse. His administration’s failure to give either “streamlined regulatory approval” for oil exploration or to hold “regular and predictable lease sales” has been a calculated effort to hobble an industry liberals hate and want to see disappear. But of course, it isn’t the extent of the damage he has done on the supply side of the energy industry.
 

DJ Spanky

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“Longer term, government can promote investment through clear and consistent policy that supports U.S. resource development, such as regular and predictable lease sales, as well as streamlined regulatory approval and support for infrastructure such as pipelines.”
Like that will ever happen under Biden.
 
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m.knox

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Like that will ever happen under Biden.

It would likely never happen under any democrat.... They are all lunatic ideologues who are far more interested in shaping society to their "vision" than helping American people (of all races, sexes, religions....).
 

2lion70

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To $4.98!!! YAY......

You are one of the lefties who is going to applaud Biden because the Dow went over 30,000 again.....
Facts are facts. You can't deny that both Brent and WTI per barrel prices have decreased by over 6%.
 

m.knox

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Facts are facts. You can't deny that both Brent and WTI per barrel prices have decreased by over 6%.

I don't care. No one does. I don't buy Brent or WTI anything. Nor do you.

I just filled up at $5.29 a gallon.
 

2lion70

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I don't care. No one does. I don't buy Brent or WTI anything. Nor do you.

I just filled up at $5.29 a gallon.
The gas you buy comes from WTI crude. That means the price of crude oil frives the price of gas. Can you understand that simple concept?
Are you doing your best to conserve?
 

m.knox

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The gas you buy comes from WTI crude. That means the price of crude oil frives the price of gas. Can you understand that simple concept?
Are you doing your best to conserve?

I, like so many poor Americans, filled up today at $5.29 a gallon.

Thank you Joe Biden. After years of the middle class advancing under Trump, you bozo's elect Biden to screw all their gains.
 
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1Hammers1

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m.knox

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I keep hearing about a possible federal gas tax holiday. 18.3 cents is what it went up last week.

18 cents gets me to 5.11 a gallon.......................

Joe Biden is an idiot.
 
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psuted

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The gas you buy comes from WTI crude. That means the price of crude oil frives the price of gas. Can you understand that simple concept?
Are you doing your best to conserve?

I sure am!

I’m building a wind mill of the roof of my car.
 

junior1

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18 cents gets me to 5.11 a gallon.......................

Joe Biden is an idiot.
speaking of idiots...if you're trying to drive people away from fossil fuel, and encouraging/demanding more product from oil companies/begging for more from foreign producers, does it make a lot of sense in the medium-long term to reduce the gas tax or to provide "gas cards" to americans? Doesn't that simply put more money into the oil/gas/user system and help to keep prices higher?
 
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junior1

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The gas you buy comes from WTI crude. That means the price of crude oil frives the price of gas. Can you understand that simple concept?
Are you doing your best to conserve?
well, seems germany is taking a new tack to conserve..they're going back to coal
 
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pawrestlersintn

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m.knox

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speaking of idiots...if you're trying to drive people away from fossil fuel, and encouraging/demanding more product from oil companies/begging for more from foreign producers, does it make a lot of sense in the medium-long term to reduce the gas tax or to provide "gas cards" to americans? Doesn't that simply put more money into the oil/gas/user system and help to keep prices higher?

Democratic "logic"....