Ordinary Guy
Diamond Member
- Jul 16, 2021
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At his press conference announcing the release of oil from the Strategic Petroleum Reserve, Biden claimed oil companies are sitting "on record profits" and "don’t want to increase supply because Putin’s price hike means higher profits."
You really have to ignore a lot of recent history and economic reality to come to that conclusion.
First, if oil companies controlled oil prices, prices would rarely decline. But they declined during the Trump era as the supply of oil surged and prices at the pump hit lows not seen in years. There are simple reasons why.
Interesting analogy between oil and peanuts!
https://www.foxbusiness.com/energy/b...oduce-more-oil
Luckily our household can't be hurt by what Biden and the Democrats have created. We can sit back and call people out for voting for this dumb bastard!
You really have to ignore a lot of recent history and economic reality to come to that conclusion.
First, if oil companies controlled oil prices, prices would rarely decline. But they declined during the Trump era as the supply of oil surged and prices at the pump hit lows not seen in years. There are simple reasons why.
Interesting analogy between oil and peanuts!
https://www.foxbusiness.com/energy/b...oduce-more-oil
Luckily our household can't be hurt by what Biden and the Democrats have created. We can sit back and call people out for voting for this dumb bastard!