What Democrats don't get about gas prices

[grip]

What Democrats don't get about gas prices

None of the proposals for lowering oil and gas prices would address the economic fundamentals that dominate the US energy industry.

news.yahoo.com

Here's another dipshit (Rick Newman) repeating corporate oil nonsense to justify screwing the public. The same crap spewed by big oil execs, shills and lobbyists that they don't set the prices, rather they're set strictly by supply and demand. Even the lamest of people, with little business acumen, know that if oil suppliers ramp up production, then gas prices fall.

The reason they don't build new refineries is due to lack of production. OPEC+ has been strictly controlling pricing since its creation through production. Oh, sure, there are other minor factors, like transportation, storage, and new drilling in play but make no mistake, we don't need to tax oil companies more, where they would just pass the costs down to consumers, and we surely don't need out-of-touch elitist politicians telling us all to buy expensive EVs we can't charge (sparse infrastructure) or afford. The US needs to ramp up domestic output and threaten to nationalize the entire industry, including imports so that these greedy execs and shareholders finally get the point, price gouging the working class is going to be punishable to all companies that make the average person financially suffer needlessly. Corporations and investors are rich enough!

The days of overinflated prices, due to businesses taking advantage of every crisis (market bubbles, pandemics, wars), need to end before the middle class is completely eliminated. In the meantime, struggling families will need another round of stimulus checks to keep from choosing between food or gas.

High gas prices prompt calls for tax breaks, stimulus checks

With little power to influence prices at the pump, lawmakers are getting creative in their search for ways to relieve the burden of rising fuel costs.

news.yahoo.com

 

[lwf]

Anyone who is in control of the supply of a commodity in demand controls the price of that commodity. Just ask De Beers. That's why the US oil companies are stockpiling drilling permits and not doing anything with them.

I bet the threat of nationalization of the entire US oil industry would get those drills running.

 

[Noodlegawd]

greedy execs and shareholders

10% profit margins. Really, really greedy.

 

[Gateman_Wen]

What Democrats don't get about gas prices

None of the proposals for lowering oil and gas prices would address the economic fundamentals that dominate the US energy industry.

news.yahoo.com

Here's another dipshit (Rick Newman) repeating corporate oil nonsense to justify screwing the public. The same crap spewed by big oil execs, shills and lobbyists that they don't set the prices, rather they're set strictly by supply and demand. Even the lamest of people, with little business acumen, know that if oil suppliers ramp up production, then gas prices fall.

The reason they don't build new refineries is due to lack of production. OPEC+ has been strictly controlling pricing since its creation through production. Oh, sure, there are other minor factors, like transportation, storage, and new drilling in play but make no mistake, we don't need to tax oil companies more, where they would just pass the costs down to consumers, and we surely don't need out-of-touch elitist politicians telling us all to buy expensive EVs we can't charge (sparse infrastructure) or afford. The US needs to ramp up domestic output and threaten to nationalize the entire industry, including imports so that these greedy execs and shareholders finally get the point, price gouging the working class is going to be punishable to all companies that make the average person financially suffer needlessly. Corporations and investors are rich enough!

The days of overinflated prices, due to businesses taking advantage of every crisis (market bubbles, pandemics, wars), need to end before the middle class is completely eliminated. In the meantime, struggling families will need another round of stimulus checks to keep from choosing between food or gas.

High gas prices prompt calls for tax breaks, stimulus checks

With little power to influence prices at the pump, lawmakers are getting creative in their search for ways to relieve the burden of rising fuel costs.

news.yahoo.com

It will never stop until we nationalize the oil industry.

 

[NuffSaid]

This opinion piece is hilarious.

Last paragraph:

There’s one thing no politician is willing to say: Higher gas prices may be the market’s way of saying American drivers have had it too good for too long. “It’s time this country grew up,” says Dan Dicker. “This country is not entitled to $2 gasoline in unlimited supply.” Maybe after the midterms.

This dope thinks if McCarthy takes helm as Speaker in Nov, that suddenly he's gonna be able to do something to drop gas prices