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Biden says economic strategy working after inflation rises to 40-year high and oil prices skyrocket

Conservative said:
https://fred.stlouisfed.org/graph/f...stlouisfed.org/graph/fredgraph.png?g=NfTTThat is the issue recovering without leadership. 17 million jobs returned between April 2020 to January 2021 so what did Biden do??? Poured gasoline on the fire to buy votes from people like you. The reality remains and you keep ignoring it, if this economy is so good why isn't he getting credit for it in the polls? Have you bothered to look at how the independents are viewing Biden?
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The numbers speak for themselves.
fredgraph.png

fredgraph.png
 
ttwtt78640 said:
To assert that a reduction in US oil production is not a factor is ridiculous.

www.worldometers.info

Oil Production by Country - Worldometer

List of world countries by Yearly Oil Production in million cubic feet (MMcf)
www.worldometers.info www.worldometers.info



Nope, because they see Biden’s policies as keeping US oil (and natural gas) production lower than it otherwise would be.
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Remember driving around last week and seeing all those gas stations with “no gas today,” signs? Me neither.

There is a reduction in domestic production because production is decided by expected demand. No oil company, or any other manufacturer, over produces.
 
How hot can it get?
 
MTAtech said:
Remember driving around last week and seeing all those gas stations with “no gas today,” signs? Me neither.

There is a reduction in domestic production because production is decided by expected demand. No oil company, or any other manufacturer, over produces.
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Hmm… is it possible that a (large) increase in the price of X might be responsible for a decrease in demand for X?
 
 
 
MTAtech said:
Remember driving around last week and seeing all those gas stations with “no gas today,” signs? Me neither.

There is a reduction in domestic production because production is decided by expected demand. No oil company, or any other manufacturer, over produces.
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Wonder when high taxed states are going to cut their gasoline taxes to benefit the state consumers? Won't be holding my breath

Oh by the way on the employment numbers 4.1 million are part time workers for economic reasons meaning they want a full time job but couldn't find one
 
Anthony60 said:
He is hostile to oil companies and drilling, that he made clear on the campaign trail and his first few days in office.
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Is that why leases and permits are UP, from his predecessor? lol
Anthony60 said:
That alone drives up prices.
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It really, really does not. Like, at all.
Anthony60 said:
It takes years and millions of dollars to find oil, develop the infrastructure, and get it into the supply pipeline. Why risk all that money, with a guy in office that's already stated that he wants to stop drilling on all federal lands?
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He has issued more leases and permits than trump did, lol.
 
rahl said:
It doesn't matter how many times fox news tell you that. Presidents do not have any control, what so ever, over global oil prices, or domestic gasoline prices. Exactly none.
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That's false. China, India, and others are getting gas on the cheap right now.
rahl said:
Well, we of course have the actual economic data which shows that the economy is absolutely booming, by every metric measurable. lol
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No they don't. They show what ****ing morons use when the post about numbers ripped out of any context you'd need to view them in.
rahl said:
It's an argument I didn't make, that you made up, to argue against. That is called a strawman.

I've not offered any feelings what so ever, other than express my amusement at your hilariously incorrect fox news talking points that have been consistently refuted in this and every other economic/gas price thread.
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Here's an example of your stupid ****ing posting style. These two statements are part of the same point and yet you feel the need to break them up in the most stupid way possible. Fact is, that is your position. I didn't make anything up. It's in black and white so your constant denial is really hilarious.
 
MTAtech said:
Remember driving around last week and seeing all those gas stations with “no gas today,” signs? Me neither.

There is a reduction in domestic production because production is decided by expected demand. No oil company, or any other manufacturer, over produces.
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Oh by the way a good article on gasoline pricing in that liberal utopia of California, a little outdated as the taxes today are over 80 cents but the bottom line regarding supply is the same

www.latimes.com

Why is California gasoline so expensive?

Gasoline sold in California costs more than in the rest of the U.S. — sometimes dramatically so.
www.latimes.com www.latimes.com
 
Charts and polls equivocate nonsense. Hurling and flailing about are what fish do.
 
Conservative said:
Haven't seen much truth in anything you post because those posts lack context, Biden added 2.8 trillion to the debt last year alone why isn't that discussed?

AS for the Trump deficit you really ought to learn the line items of the budget causing those deficits thus debt

Posted this many times only to be ignored and expect no less from you

www.thebalance.com

U.S. Federal Budget Breakdown

The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.
www.thebalance.com www.thebalance.com
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2021 deficit belongs to trump
 
Conservative said:
Haven't seen much truth in anything you post because those posts lack context, Biden added 2.8 trillion to the debt last year alone why isn't that discussed?

AS for the Trump deficit you really ought to learn the line items of the budget causing those deficits thus debt

Posted this many times only to be ignored and expect no less from you

www.thebalance.com

U.S. Federal Budget Breakdown

The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.
www.thebalance.com www.thebalance.com
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Here's the hilarious part. You lecture people about being civics challenged, which is ****ing hilarious. You don't seem to know how a bill becomes a law. You also seem to keep parroting this "line item" thing in the budget, which is completely meaningless.
 
Anthony60 said:
That's right from the leftist playbook. Repeat a lie, over and over, until people believe it.
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No matter how many times fox news tell you otherwise, presidents do not and have never controlled oil/gas prices, nor do they control inflation.
 
Fishking said:
That's false. China, India, and others are getting gas on the cheap right now.
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It's entirely true, and no they aren't. They are paying the same global prices we are, because oil..................................is a global commodity.
Fishking said:
No they don't.
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Well, yes they quite demonstrably do.
Fishking said:
They show what ****ing morons use when the post about numbers ripped out of any context you'd need to view them in.
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6.8% rGDP. UE under 4%. Literally the best economy in 3 decades.
Fishking said:
Here's an example of your stupid ****ing posting style. These two statements are part of the same point and yet you feel the need to break them up in the most stupid way possible. Fact is, that is your position. I didn't make anything up. It's in black and white so your constant denial is really hilarious.
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There is a reason you have to keep typing the words and putting them in quotation marks, instead of actually quoting me saying what you made up and attributed to me. If you don't want to be called out for your strawmen, don't make shit up and attribute it to me. Pretty simple.
 
When the chickens come home to roost, I hope you all take note.

I will fight for every one of you.
 
Hypothetical said:
much different. if you don't understand that , I suggest you take another geopolitics 101 course.

the president can do absolutely nothing except talk about a global pandemic. well unless we vote in a doctor at some point.
the threat of ww3 is another story.
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President can do much more in a global pandemic, but you want to deflect and not deal with reality.

Meanwhile, Biden and the international community are racing to meet Russia's aggression without triggering WW 3. But y'all want to pretend Bicycle Gate is a huge deal.

Typical partisan
 
Conservative said:
Really? and why would you say that? any idea what the permitting process is for taking crude oil out of the ground and converting it to gasoline? How about permits to expand a refinery? seems to me it has everything to do with supply. When do you think liberals will propose a "windfall profits" tax on state and local revenue collection from gasoline?
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Because none of them address the market pressures from Wall Street that have helped suppress the "DRILL BABY DRILL!!" solution some advocate. You also don't address the financial implications to investors the last time US oil companies flooded the market and drove the oil prices really low. Right now we don't have a supply problem with the current stock, but price fluctuations due to future availability due to the global conflict in Ukraine as well as OPEC cutting production.
 
Conservative said:
I don't see a lot of focus and comments on state and federal pricing that impacts gasoline costs but then again I don't see many on the left doing much at all other than diverting from the Biden failures to Trump. Seems to me that California for example has the highest taxes on the nation on gasoline, 51.1 cents per gallon, 2.25% sales tax. Add the Federal Tax 18.3 and you are approaching 85 cents per gallon taxes. Why isn't that called gouging and what is Biden doing about it?

$6 a gallon cost has 13 cents sales tax, 51.1 state tax and 18.3 Federal Tax

How much are oil companies earning again per gallon?
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You mean you want the Federal government to meddle in the affairs of state taxes or do you want the tax holiday on gasoline tax? Oh, and you never responded to the point I made about Pennsylvania having a higher gasoline tax than California yet still having a lower price on average at the pump. What gives?
🤭
 
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