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If Trump were in office for a 2nd term now, would prices at the pump still be as high as they are now with Biden in office?

If Trump were in office now for a 2nd term, gasoline prices would be:

  • Total voters
    37
  • Poll closed .
Except for all indications the opposite would be true. A second Trump term would have caused investors to run for the hills, confident the
G.O.P. would not hold the white house after such disasterous two terms (or do you exist in an alternate reality?). Forward looking, investors
in petroleum production would expect "the facilitation" of the Trump Admin., which had not inspired them, anyway, would experience policy
reversals and flat demand resulting from the move away from ICE.

Permian Basin leads decline in U.S. oil and gas rig count

After increasing by 14 last week, the rig count has resumed its decline.
www.chron.com
December 17, 2019
"...The Permian Basin led declines this week, with the West Texas oilfield losing a net nine rigs.

The U.S. rig count has plunged by more than 25 percent in the last 12 months as operators have pulled back due to a slowdown in the sector. An oil price slump that has kept oil prices below $65 per barrel through much of 2019, as well as a decline in spending by Wall Street investors, has tightened budgets throughout the sector and put downward pressure on business activities.."

Wyo drilling rig count triples during Biden leasing pause - WyoFile

Drilling permits issued in Wyoming almost doubled in the last five months when the federal government held no oil and gas lease sales.
wyofile.com
August 11, 2021
"...During the ongoing pause, the Wyoming Oil and Gas Conservation Commission has granted 1,984 drilling permits to energy companies, according to commission records. That’s almost double the 1,059 issued during the same five months — February to June — in 2020.
The activity somewhat erodes fearful statements exclaimed by the energy industry, its supporters and communities reliant on extraction that followed Biden’s executive order in January.

The Bureau of Land Management stopped at least two scheduled lease sales in Wyoming this year, sales that historically have earned Wyoming millions of dollars earmarked for education and other services. But the industry has ample federal leases to develop, according to a 41-page report by the Conservation Economics Institute. The Natural Resources Defense Council funded the study, which was endorsed by various conservation groups, including Wyoming’s Powder River Basin Resource Council.

The CEI report downplays the importance of federal land development, which it says accounts for only 6% to 8% of domestic oil and gas production respectively. Further, of hundreds of counties in the Intermountain West, Wyoming has nine of the 15 with the highest number of federal leases sold in the last five years. Wyoming has enough untapped, leased federal property to sustain drilling for 67 years, the CEI report states..."
 
ALiberalModerate said:
If Trump were in office now, we would not have done shit to Russia for invading Ukraine and Trump and his defenders would be telling us all how corrupt Ukraine is, how Democrats want us in another forever war and so on.
Click to expand...

Some of them are doing that now.

By summer, Zelensky will be as hated among the right as Fauci is. Watch.
 

Guarantee you won't get a response to this post. They can only parrot so much of what they are told at a time before it becomes obvious they are parroting the same misinformed talking points over and over.
 
Gas prices, when adjusted for inflation, were higher when GOP president W. Bush was in office in 2008.

Trump himself when in office had gas prices over $3.00 back in 2018....but I'm sure that was all Biden/Obama's fault too.
 
neil said:
Let's suppose that Trump had won the 2020 election and was now serving his 2nd term, would gas prices still be as high as they are and rising with Biden in office?
Click to expand...
There's no way to know the answer to the thread title question.
Just too many variables involved.

I'm going to say probably yes, unless Trump rolled over completely and let Putin just take Ukraine while silently supporting him and blocking other nations from aiding Ukraine where possible.

But that's mainly a guess, who knows if Putin would even have invaded Ukraine under Trump, he probably would think Trump wasn't as much of a threat.

All speculation on my part though.
 
Gateman_Wen said:
No, there aren't. You want to cover for yer buddy Vladimir, that's all.
Click to expand...
I bet you can do better than writing silly comments like that one. If that's what you have to offer, why even bother?
 

With the oil prices decreasing so much and hitting bottom in 2020, shutting down rigs understandable.

With the oil prices rising again in 2022, you'd almost think that a rational person acting in the role of the POTUS might have asked domestic producers to flip the switch and start those idle rigs pumping again.

This might have been a part of a rational person acting in the role of the POTUS to reinforce the notion that the US is a strong nation not beholding to dictators and murderers around the world.

An irrational person acting in the role of the POTUS might have asked Iran and Saudi Arabia for help.

Crude Oil Prices - 70 Year Historical Chart

Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value.
www.macrotrends.net
 
post said:
Putin had no fear of his own POODLE...



Click to expand...

Propagandists are working long and hard to deceive the weak minded.

We cannot know what is go0ing on behind closed doors. We can see what is happening in the real world.

Putin invaded no countries while Trump was in office. Period. Hard stop. End of discussion.

Fantasies from propagandists ascribing dishonest fantasy motives to fantasy narratives are fantasy.
 
Russia wouldn't have invaded Ukraine if his puppet Senile Hair Sniffer hadn't stolen the election.

So sanctions against Russian oil imports would not have been imposed.

The energy sector wouldn't have been attacked if Dementia Drooler Diaper Boy hadn't stolen the election, so the US would have retained it's energy independence. So the US oil price would have had some cushion and the gas prices would be lower.
 
yes this is just capitalism at work......it will pass
 
neil said:
Let's suppose that Trump had won the 2020 election and was now serving his 2nd term, would gas prices still be as high as they are and rising with Biden in office?

Click to expand...
What if questions are impossible to prove or know what would have happened because it never did. The situation and circumstances today would be completely different. By that I mean the XL-pipeline wouldn’t have been canceled, so it would have been carrying oil from Canada to Texas. Leases to drill on federal land would have been much easier to obtain and keep. There might be a few other things I missed, but I don’t see these making that much of a difference. I do think the big difference is Trump was trying to make the U.S. as energy independent whereas Biden and company began to make us more reliant on foreign oil. Probably to appease their green energy and climate change base.

There’s no doubt that the average price of a gallon of gas rose from 2.50 after the 2020 election up to 3.50 prior to Russia’s Ukraine invasion. It’s now up to 4.40 and still rising. 4.40 is the national average today. It 5.75 a gallon in California, compared to 3.80 in the plain states from North Dakota down to Texas. State gas taxes and state regulation on the types of blends that can be sold make up most of that difference.

My wild ass guess, gas prices still would be rising, but not as much as production in the U.S. would have continued to increase. But as I stated, no way to prove this one way or the other since it didn’t happen. My stab is as valid as anyone else’s.
 
I read recently that a second term for trump would have meant a departure from NATO. Now just imagine that and Putin threats of nukes. By now we would either could not afford gas or money would be pointless, something like that.
 
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