Bashing oil companies for record profits won’t lower prices

[LeftofLeft]

So you are saying high oil prices are in retaliation....

So now the US president is meant to bend before the Oil Lobbyists...


Land Leases started again, but the oil companies don't use what they have got already... The Oil companies like the land grab for peanuts...

https://www.washingtonpost.com/climate-environment/2022/01/27/oil-gas-leasing-biden-climate/

" increase ethanol requirements" - he actually putting them back to where they were and this means less oil used, not more... He is actually just putting in a requirement which the oil companies use as standard..

As cuts to infrastructure... Think they are building road?

Keystone was significant infrastructure. Ethanol increases the cost. Why did he cease the leases in the first place? And, why did he say “We need to reign in the oil companies” and “we are going to end fossil fuels”?

Collectively, all of this sends a negative message to the Markets.

Democrats keep talking about green energy as an alternative. Fine. Bring it on. Problem is, green energy is not ready to replace oil. It is not mature. I’ve never understood why the need to go after the oil companies when an alternative is not ready. That just hurts the economy.

Americans shouldn’t be paying $4-$6 for gas.

 

[Woodznutz]

Keystone was significant infrastructure. Ethanol increases the cost. Why did he cease the leases in the first place? And, why did he say “We need to reign in the oil companies” and “we are going to end fossil fuels”?

Collectively, all of this sends a negative message to the Markets.

Democrats keep talking about green energy as an alternative. Fine. Bring it on. Problem is, green energy is not ready to replace oil. It is not mature. I’ve never understood why the need to go after the oil companies when an alternative is not ready. That just hurts the economy.

Americans shouldn’t be paying $4-$6 for gas.

Biden is trying to stampede us into buying into EVs and other green energy stuff. He should slow the herd down before he runs all the fat off of us and runs us over a cliff. We need to turn around and trample him underfoot this November.

 

[M14 Shooter]

Again. Regulatory policies towards any industry -especially commodities- is going to impact price. I learned that in Econ 101.

Right... but his does not change the fact the oil companies do not set the proce for oil or gasoline or diesel.

 

[M14 Shooter]

Trump saw a decrease in US Oil production of 15% in his final year of office...

2020.
I wonder why.

 

[RoshawnMarkwees]

Trump saw a decrease in US Oil production of 15% in his final year of office...

Biden saw a 3% increase in his first year... He has got another 3% again...

So the narrative that Biden cut production is completely false..

I have shown that Trump pushed for cuts globally and got them. He got a 12% global cut on November 2020...

The problem is that Biden can't fix Trump's fuck up quick enough... Now Trumpers are celebrating that they made such a fuck up that Biden is struggling to get US out of the hole...
Yep, they basking causing a shit and then blaming it on the guy trying to fix it..

You conveniently omit the impact of covid.
Change the channel and get some perspective. And honestly.

 

[LeftofLeft]

Right... but his does not change the fact the oil companies do not set the proce for oil or gasoline or diesel.

I never said regulatory moves SETS the price. I said it IMPACTS the price. Look across any industry that gets regulations thrown at them. If that regulation requires more variables in the COST to make the product, that is going to IMPACT the price - Taxes, mandates, compliance, liability - individually and collectively, they can result in the company raising the price to maintain margin.

 

[M14 Shooter]

I never said regulatory moves SETS the price. I said it IMPACTS the price. Look across any industry that gets regulations thrown at them. If that regulation requires more variables in the COST to make the product, that is going to IMPACT the price - Taxes, mandates, compliance, liability - individually and collectively, they can result in the company raising the price to maintain margin.

I never said anything about regulatory moves.

 

[LeftofLeft]

I never said anything about regulatory moves.

Why Biden energy policies have contributed to surging oil 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 …

nypost.com

 

[M14 Shooter]

Why Biden energy policies have contributed to surging oil 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 …

nypost.com

And...?
Oil companies do not set the price of oil, or gasoline or diesel - they are both commodities.

 

[LeftofLeft]

And...?
Oil companies do not set the price of oil, or gasoline or diesel - they are both commodities.

CONTRIBUTE, IMPACT.

 

[M14 Shooter]

CONTRIBUTE, IMPACT.

I did. Sorry you don't understand.

 

[jc456]

Well YOU certainly haven't thought about it at all. You've accepted the FOX News lies that Biden is responsible for higher gas prices. Anyone who has thought about it at all blames OPEC for slashing worldwide production to drive up the price of crude oil, and the oil companies who have profitted by this deliberate reduction of the worlds oil supplies.

If high oil prices were a uniquely American problem, you might have some basis for your false premise, but since this is happening all over the world, you simply look gullible and stupid for continuing to repeat these lies.

you aren't experiencing any xiden issues. why are you here telling me what I'm experiencing? canadian goose.

 

[jc456]

Dems and government are reaping a HUGE TAX INCREASE WINDFALL where's the outrage over that? Anyone else get their property tax assessment for the coming year? Mine went up over 20% in a single year. That's a whopping 20% tax increase. I don't hear anyone in government demanding all that money be given back to the taxpayer.

Oil and gas groups call out Biden: 'We would love to produce more, bring gas prices down'

Oil and gas company executives on Wednesday blasted President Biden for blaming them on the gas price surge.

www.foxnews.com

Oil and gas industry representatives blasted President Biden Wednesday for blaming companies for the gas price surge.

"Which is it? You can’t blame Putin and us at the same time. The bottom line is we are not price makers, we are price takers. We suffer from low prices and then we have higher prices. That is based on the price of oil globally," Western Energy Alliance President Kathleen Sgamma told "Fox & Friends."

 

[LeftofLeft]

I did. Sorry you don't understand.

Commodities in general impact the price as well. The oil companies know their cost. They set the price and the market responds.

 

[jc456]

Commodities in general impact the price as well. The oil companies know their cost. They set the price and the market responds.

Oil companies do not set the price.

 

[a1623yankee]

Again. Regulatory policies towards any industry -especially commodities- is going to impact price. I learned that in Econ 101.

Preface: There is a VAST difference between the terms greed and GREED, corporate and CORPORATE and capitalist vs CAPITALIST! The former is normal and the LATTER is PSYCHOTIC!

This contemporary economic/commodities event is a new high (LOW) in the of the manipulations of market by CORPORATIONs and CAPITALISTs regardless of their product or means in the history of mankind! Crude oil is a fundamental of commodities and it is also a fundamental of the stock markets, the money markets and the energy markets, all of which are absolutely ESSENTIAL to our modern world. Right now, the world is deeply involved with at least minimizing one of those oil functions and deeply affecting the other two.

Simply said, crude oil's function as an energy source days are severely numbered. Oil is actually falling and failing in basic intrinsic value. To mask this fall in the necessity of oil as a fuel is being artificially manipulated to falsely describe quantity of supply and/or the inability of distribution as the culprits in the ridiculous pricing of the genuine artificial and deliberately minimized supply of withholding production and distribution. It is all a massive CORPORATE/CAPITALIST ploy of market manipulation for the sake of the most evil word in the history of mankind...GREED! There will come a point, when the genius of the original Nikolai Tesla means of supplying enough energy to fuel the entire world that is thoroughly monopolized by the GREEDY, that oil will become magically plentiful and available again to make the rest of its products (plastics, medicines, fabrics, and more at super inflated prices. Then and only then will relief (if any sane person can call it that) be felt by the enslaved and captured "consumers". This oil 'event' is NOT a natural thing. It is, in fact, ENTIRELY man-made, artificial and corrupt by the so-called CORPORATIONs and CAPITALISTs who are the GREEDIEST demonic PIGS of wealth that the world has EVER experienced! Don't kid yourselves. This world is most assuredly changing and until/unless we rid ourselves of the GREEDY, it will only get worse and worse and worst!

 

[Lesh]

Should we kiss their asses because they're raking us over the coals?

 

[skews13]

Biden has few options left to quickly bring down gas prices. Now he's making a big bet by bashing Big Oil and turning to a brutal leader for help.

Biden pledged that combating inflation would become his top domestic priority as soaring gas prices tank Americans' faith in the economy.

www.businessinsider.com

Think about it. Biden and Company really believe in the stupidity of the American voter that if they shift blame and focus to the oil companies’ record profits, he will deflect accountability for his policies influence and impact on oil prices.

The problem may thing impacting prices is the gouging being done, and admitted to by the oil companies.

The blame is theirs, and theirs alone.

 

[LeftofLeft]

Preface: There is a VAST difference between the terms greed and GREED, corporate and CORPORATE and capitalist vs CAPITALIST! The former is normal and the LATTER is PSYCHOTIC!

This contemporary economic/commodities event is a new high (LOW) in the of the manipulations of market by CORPORATIONs and CAPITALISTs regardless of their product or means in the history of mankind! Crude oil is a fundamental of commodities and it is also a fundamental of the stock markets, the money markets and the energy markets, all of which are absolutely ESSENTIAL to our modern world. Right now, the world is deeply involved with at least minimizing one of those oil functions and deeply affecting the other two.

Simply said, crude oil's function as an energy source days are severely numbered. Oil is actually falling and failing in basic intrinsic value. To mask this fall in the necessity of oil as a fuel is being artificially manipulated to falsely describe quantity of supply and/or the inability of distribution as the culprits in the ridiculous pricing of the genuine artificial and deliberately minimized supply of withholding production and distribution. It is all a massive CORPORATE/CAPITALIST ploy of market manipulation for the sake of the most evil word in the history of mankind...GREED! There will come a point, when the genius of the original Nikolai Tesla means of supplying enough energy to fuel the entire world that is thoroughly monopolized by the GREEDY, that oil will become magically plentiful and available again to make the rest of its products (plastics, medicines, fabrics, and more at super inflated prices. Then and only then will relief (if any sane person can call it that) be felt by the enslaved and captured "consumers". This oil 'event' is NOT a natural thing. It is, in fact, ENTIRELY man-made, artificial and corrupt by the so-called CORPORATIONs and CAPITALISTs who are the GREEDIEST demonic PIGS of wealth that the world has EVER experienced! Don't kid yourselves. This world is most assuredly changing and until/unless we rid ourselves of the GREEDY, it will only get worse and worse and worst!

Your class envy is showing. You say oil’s days are numbered. It doesn’t look like it. Where is the viable energy alternative to replace oil? Electric cars with a higher cost of ownership and limitations such as running out of power in the middle of nowhere is not viable. Punishing oil companies does nothing as it only punishes consumers. Reward alternative energy, not punish oil.

 

[LeftofLeft]

The problem may thing impacting prices is the gouging being done, and admitted to by the oil companies.

The blame is theirs, and theirs alone.

Where and how is the gouging? Oil companies make $0.06 per gallon while the Governments take close to $0.30 per gallon. So, who is gouging?