Bashing oil companies for record profits won’t lower prices

[LeftofLeft]

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.

Fox has nothing to do with it. You call me stupid and gullible yet you either ignore Biden’s domestic energy POLICY impact or you can’t refute how those policies don’t impact oil prices. Here’s a hint: what would be a catalyst for OPEC to reduce supply now? Think.

 

[LeftofLeft]

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

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

 

[CowboyTed]

Just because you say that oil companies are gouging doesn't make it so.
Democrat congressional committees have found that out in the past.
FACT

I never said that...

The assertion was that Biden's comments about reducing the reliance on fossil fuels caused the price to go up...

Well unlike Trump, Biden didn't threaten countries to slash the production of Oil... So why would the oil companies slash production because what Biden said?

So they decided to do it, which means they are extorting the country because there is talk of reducing depencency on there product..

 

[CowboyTed]

Fox has nothing to do with it. You call me stupid and gullible yet you either ignore Biden’s domestic energy POLICY impact or you can’t refute how those policies don’t impact oil prices. Here’s a hint: what would be a catalyst for OPEC to reduce supply now? Think.

Well Trump asked for the Oil supply to be cut after he lost the election...

Oil Nations, Prodded by Trump, Reach Deal to Slash Production (Published 2020)

The deal will reduce output by 9.7 million barrels a day. While significant, the cut falls far short of what is needed to bring oil production in line with demand.

www.nytimes.com

I know this is hard to explain but please do...

Biden didn't really implement any policies... Nothing that would change the price of oil significantly in the short term... He did far more about reducing demand than reducing supply especially on global platform..

 

[Mac-7]

I know how to bring oil prices down...stop driving for a week. They'll drop like a rock.

So will the economy

 

[Mac-7]

So you are saying that Oil companies are keeping prices higher as retaliation?

This must be how the drug dealer in your neighbourhood behaves too..

So you support Oil companies price gouging because the US President talked about using other types of energy sources?

How long have you supporter the extortion of the American People...

There is no evidence of price gouging

Oil prices are set by supply and demand

And its biden who vowed to reduce supply

 

[CowboyTed]

We went through this in 2007 or so. Idiot democrats asked oil execs stupid, uninformed questions about ‘profit margins’ as if they had any clue about what they were asking.
Democrats are retarded baboons. Evil, retarded baboons.

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 **** up quick enough... Now Trumpers are celebrating that they made such a **** 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..

 

[CowboyTed]

There is no evidence of price gouging

Oil prices are set by supply and demand

And its biden who vowed to reduce supply

Biden didn't... He said that he would work on alternatives and thus reduce demand...

Trump was the one who actively encourage and threatened to reduce supply across the world by about 12%..

Just get your facts right... I have shown ye with links and evidence but you have a complete blindside to Trump ******* up... This was a typical Trump decision, he never thought of the consequences of his actions..

 

[CowboyTed]

There is no evidence of price gouging

Oil prices are set by supply and demand

And its biden who vowed to reduce supply

Again who actually cut production:

Oil Nations, Prodded by Trump, Reach Deal to Slash Production (Published 2020)

The deal will reduce output by 9.7 million barrels a day. While significant, the cut falls far short of what is needed to bring oil production in line with demand.

www.nytimes.com

US production:

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

Take off the blinkers and look at the actual evidence...

 

[Mac-7]

Again who actually cut production:

Oil Nations, Prodded by Trump, Reach Deal to Slash Production (Published 2020)

The deal will reduce output by 9.7 million barrels a day. While significant, the cut falls far short of what is needed to bring oil production in line with demand.

www.nytimes.com

US production:

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

Take off the blinkers and look at the actual evidence...

What is the date on that story?

Trump has been out of office for almost 2 years

 

[Peach45]

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.

No, it wont, but those dirtbags raking in all that profit….Them forfeiting that profit by lowering prices will…well…lower prices. Good for President Biden for shaming them enough to hopefully make that happen

 

[Mac-7]

I suppose libs expect the oil companies to be non profit

 

[LeftofLeft]

Well Trump asked for the Oil supply to be cut after he lost the election...

Oil Nations, Prodded by Trump, Reach Deal to Slash Production (Published 2020)

The deal will reduce output by 9.7 million barrels a day. While significant, the cut falls far short of what is needed to bring oil production in line with demand.

www.nytimes.com

I know this is hard to explain but please do...

Biden didn't really implement any policies... Nothing that would change the price of oil significantly in the short term... He did far more about reducing demand than reducing supply especially on global platform..

Oil producing companies are going to listen to Trump or any other US President? Bullshit. Oil Producing Companies are going to react to a US President that cuts oil infrastructure, ceases land leases, increase ethanol requirements or says, “we are going to end fossil fuels”.

And please, use something other than a New York Times Opinion piece whose only goal is to make excuses and limit political fallout for their guy’s failed energy policies.

 

[LeftofLeft]

No, it wont, but those dirtbags raking in all that profit….Them forfeiting that profit by lowering prices will…well…lower prices. Good for President Biden for shaming them enough to hopefully make that happen

Don’t let your hatred of oil companies and your devotion to Biden cloud any economic judgement you have left. Shaming the oil companies into lowering prices after Biden’s policies increased costs are not going to help the US consumer. Both the oil companies and the US Consumer are mocking Biden for such a failed political move.

Biden needs to be accountable for his policies and stop running scared from the fallout.

 

[Carl in Michigan]

Why aren't the gutless coward Dems celebrating? This is what they wanted, sky high gas prices to push their climate change BS and 'green' energy. Why aren't Dems on TV daily taking a victory lap?

They are, but they just can't say it out loud. It's gonna cost them their jobs

 

[CowboyTed]

What is the date on that story?

Trump has been out of office for almost 2 years

It took almost a year for him to get production cut..

And he got a pretty pissed OPEC out of it...

See where the massive reduction is... This is not a tap you turn off and on...

You have a right to be pissed but it was Trump that pushed for this... Yep, you can complain that Biden can't seem to get a fix in quick enough(he has limited scope in fixing this) but let's not get away from the person that did most to break it..

By the way land leases and Keystone XL have nothing to to with todays prices...

 

[maybelooking]

Why aren't the gutless coward Dems celebrating? This is what they wanted, sky high gas prices to push their climate change BS and 'green' energy. Why aren't Dems on TV daily taking a victory lap?

yep. they should be PRAISING oil companies!!!!!!!

 

[CowboyTed]

Oil producing companies are going to listen to Trump or any other US President? Bullshit. Oil Producing Companies are going to react to a US President that cuts oil infrastructure, ceases land leases, increase ethanol requirements or says, “we are going to end fossil fuels”.

And please, use something other than a New York Times Opinion piece whose only goal is to make excuses and limit political fallout for their guy’s failed energy policies.

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?

 

[maybelooking]

No, it wont, but those dirtbags raking in all that profit….Them forfeiting that profit by lowering prices will…well…lower prices. Good for President Biden for shaming them enough to hopefully make that happen

if you think oil companies are dirt bags because of profit, you musth think the govt are the biggest dirt bag sons of bitches on earth!!!!!!!!!! because they make more money of oil than anyone else.

 

[Mac-7]

It took almost a year for him to get production cut..

And he got a pretty pissed OPEC out of it...

View attachment 660360

See where the massive reduction is... This is not a tap you turn off and on...

You have a right to be pissed but it was Trump that pushed for this... Yep, you can complain that Biden can't seem to get a fix in quick enough(he has limited scope in fixing this) but let's not get away from the person that did most to break it..

By the way land leases and Keystone XL have nothing to to with todays prices...

What you fail to notice is that trump supported US production

Biden instead wants to hurt US oil companies