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What is the GOP's plan to handle inflation?

Why would the GOP need a plan to address inflation? Aren't we constantly told that it's not the fault of the government, so there's nothing anyone can do about it?
 
Callen said:
@Outlook , here is the complete article. Quite a good one in my opinion. I know gas prices are a huge problem and I also know the political reality of who pays the political price when voters are feeling the impacts of inflation. That's the way it goes, has always gone.......but to me, the underlying problems are important to understand even though they don't change the pocketbook reality.

When the real problems are understood then real solutions can be found......

time.com

The Real Reason Big Oil Won't Save Us From High Gas Prices

The Real Reason Big Oil Won't Save Us From High Gas Prices
time.com time.com
Click to expand...
US oil companies have been reluctant or unable to resume producing oil at pre-pandemic levels amid concerns about the prospect of tougher environmental rules that could cut future demand.
Like many industries during the pandemic, oil producers are struggling to find staffers and source specialized equipment. Meanwhile, US oil companies are still smarting from the pain of that major oil bust in 2020, which kicked off a flurry of bankruptcies. Major oil companies' stock performances have lagged the broader market since then too. And as makers of fossil fuels, they're wary that future environmental policies could hurt future demand for oil.
All of the above underscores how oil and gas prices are tied to geopolitical events, the pandemic, drilling logistics and so much more. And it adds up to high US gas prices.
If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new energy online.
Just look at what happened in the wake of the United Arab Emirates and Iraq saying they’d up production by an estimated 800,000 barrels a day: The global price of oil dropped by $22 a barrel within minutes.
If Biden signaled full-throated support for US drillers to get to work — and perhaps allowed the re-starting of the Keystone XL Pipeline from Canada — global oil prices could similarly fall sharply, the industry experts told The Post.
US firms have less incentive to produce more oil while facing heavy regulations. The “Green New Deal” regulatory environment, the atmosphere in Washington is decidedly anti-oil.
 
Outlook said:
US oil companies have been reluctant or unable to resume producing oil at pre-pandemic levels amid concerns about the prospect of tougher environmental rules that could cut future demand.
Like many industries during the pandemic, oil producers are struggling to find staffers and source specialized equipment. Meanwhile, US oil companies are still smarting from the pain of that major oil bust in 2020, which kicked off a flurry of bankruptcies. Major oil companies' stock performances have lagged the broader market since then too. And as makers of fossil fuels, they're wary that future environmental policies could hurt future demand for oil.
All of the above underscores how oil and gas prices are tied to geopolitical events, the pandemic, drilling logistics and so much more. And it adds up to high US gas prices.
If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new energy online.
Just look at what happened in the wake of the United Arab Emirates and Iraq saying they’d up production by an estimated 800,000 barrels a day: The global price of oil dropped by $22 a barrel within minutes.
If Biden signaled full-throated support for US drillers to get to work — and perhaps allowed the re-starting of the Keystone XL Pipeline from Canada — global oil prices could similarly fall sharply, the industry experts told The Post.
US firms have less incentive to produce more oil while facing heavy regulations. The “Green New Deal” regulatory environment, the atmosphere in Washington is decidedly anti-oil.
Click to expand...
If you read the article, and there are many similar ones out there, it is clear that the oil companies themselves have made a conscious business decision not to ramp up production. The only thing Biden can do is issue an order of some type to force them to increase production. Is that what you think he should do?
 
Metric Mouse said:
Why would the GOP need a plan to address inflation? Aren't we constantly told that it's not the fault of the government, so there's nothing anyone can do about it?
Click to expand...
You mean other than the fact they constantly claim that high gas prices and inflation are directly the result of Biden's policies?
 
Buckeyes85 said:
You mean other than the fact they constantly claim that high gas prices and inflation are directly the result of Biden's policies?
Click to expand...
And Biden voters constantly saying it's a global issue and no one can do anything about it? Yeah, both sides are real winners.
 
Callen said:
If you read the article, and there are many similar ones out there, it is clear that the oil companies themselves have made a conscious business decision not to ramp up production. The only thing Biden can do is issue an order of some type to force them to increase production. Is that what you think he should do?
Click to expand...
www.nytimes.com

Biden Plans to Open More Public Land to Drilling (Published 2022)

The president is under pressure to bring down gas prices, but any new drilling would be years away. The fees that companies pay would rise sharply.
www.nytimes.com www.nytimes.com

Wow, look at that, Biden has reversed his promise and is now allowing more drilling on public land.
Good for him. Democrat leader AOC and the other environmentalist won't like that.
 
Metric Mouse said:
Why would the GOP need a plan to address inflation? Aren't we constantly told that it's not the fault of the government, so there's nothing anyone can do about it?
Click to expand...
Because they may control the House and Senate after November and they are a party known for winning elections and then having no solutions to our countries problems. I would like to know what they plan to do about inflation prior to the election, wouldn't you?
 
independentusa said:
Because they may control the House and Senate after November and they are a party known for winning elections and then having no solutions to our countries problems. I would like to know what they plan to do about inflation prior to the election, wouldn't you?
Click to expand...
No doubt they'll do what Biden has done. Seem to have been working out for him.
 
Livin' simple and trying to get by
But honey, prices have shot through the sky
So I fixed up the basement with what I was a-workin' with
Stocked it full of jelly jars and heavy equipment
We're in the basement

— Legal Tender, the B-52s
 
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