Biden Got Us Into This Oil Price Mess

[Weatherman2020]

These stupid Moon Bats have a fantasy.

Their fantasy is that all houses, businesses and vehicles are powered by batteries and the batteries are recharged by solar and wind arrays. No pollution. Clean everything. Everybody is sitting around Walden's Pond singing "Imagine".

Reality is a wrecked economy, starvation and deaths.

While they live in mansions and fly private jets.

 

[surada]

Why is gas $7 in California?

View attachment 708120

Do your homework. Learn something about the oil business. You can't even grasp the fundamentals. Aren't you one of the clots talking about "Commies"?

 

[Weatherman2020]

Do your homework. Learn something about the oil business. You can't even grasp the fundamentals. Aren't you one of the clots talking about "Commies"?

Fundamentals!
Like gas was half the cost under Trump than Xiden?

 

[Flopper]

So explain WHY we needed to spend that much, Flopper? Why is Government spending down a mere 800 million from the massive spending we were doing during Covid? THAT is the spending that an economist like Larry Summers was warning against because he knew that injecting that much Government stimulus into an economy that already has a supply problem was the perfect recipe for inflation.

In March 2021 when the American Rescue Plan was passed that provided funding to deal with covid-19, we were knee deep in Covid-19. Deaths from Covid was averaging 18,000 a month. Over 29 million Americans had tested positive for COVID-19. The United States also faced the greatest eviction, unemployment, and hunger crises since the start of the pandemic. Over 30 to 40 million Americans faced a risk of being evicted from their homes by January 2021 and the SNAP program was running serious short of funding's. Vaccinations which began in Jan 2021 was not funded for the year. The need at time was clear.

What was needed in March of 2021 was economic stimulus and funding Covid-19 relief and that is what the American Rescue Plan provided. In addition to monthly checks to Americans, the legislation provided emergency grants, lending, and investment in small businesses, expanded access to COVID-19 vaccines and testing, economic relief that has kept millions of children out of poverty, preventing evictions and foreclosures, etc... The American Rescue plan began phasing out in Sept 2021, with elimination government paid Cobra, and elimination of extended federal unemployment. The direct payments to Americans under the the plan ended in Dec 31, 2021. Most other parts of the legislation will phase out in 2022. Phasing out the American Rescue Plan and other Covid programs are largely responsible for the 800 billion dollar decrease in federal spending in 2022.

In March 2021, inflation and high gas prices were an not an issue, Covid-19 was. Unemployment was 6.2%, Average Gasoline price was $1.92, and inflation was 2.9%.

 

[Flopper]

How in the hell is hundreds of millions spent on solar energy linked to ChiCom flu relief?

How in the hell is hundreds of millions spent on solar energy linked to ChiCom flu relief?

Of the 1.9 trillion dollar cost of the American Rescue Plan, 650 million went to the the Cybersecurity and Infrastructure Security Agency (CISA). CISA is heading up the response to the SolarWinds Corp breach. You may recall that it was discovered in December of 2020 that a massive cyberattack had occurred and that many companies who use servers from SolarWinds Corp (including the U.S. government, and many companies were impacted. So no these these funds did not go to providing solar energy.

 

[Weatherman2020]

Of the 1.9 trillion dollar cost of the American Rescue Plan, 650 million went to the the Cybersecurity and Infrastructure Security Agency (CISA). CISA is heading up the response to the SolarWinds Corp breach. You may recall that it was discovered in December of 2020 that a massive cyberattack had occurred and that many companies who use servers from SolarWinds Corp (including the U.S. government, and many companies were impacted. So no these these funds did not go to providing solar energy.

I’ll ask again in language you understand then.
What does 650 million going to the Cybersecurity and Infrastructure Security Agency have to do with millions losing their job because they were smart enough to not get the mystery substance injected?

 

[Flopper]

While they live in mansions and fly private jets.

Although your post does not lack humor it certain lacks facts. The Biden plan is to gradually reduce reliance on fossil fuels in America by first lowering the cost of EV's, encouraging industry to adopt alternative energy, and gradually reducing the American production of oil in this decade.

EV's can compete with just about all aspect of gasoline powered cars with exception of price and that is what the EV credits starting next year are aimed at solving.

Although America has a long history of successful production of oil, the oil market has changed radically over the last 50 years. Oil from the Arab countries can be produced at 25% of the US costs. OPEC has 80% of the world's proven oil reserves. These countries could drive the price of oil down to $20 a barrel and put every American oil company out of business. They can cut production and keep oil prices right where they are. Their hold over the US forces us to kiss their ass when you should be kicking it.

 

[Flopper]

I’ll ask again in language you understand then.
What does 650 million going to the Cybersecurity and Infrastructure Security Agency have to do with millions losing their job because they were smart enough to not get the mystery substance injected?

Although one can reason that cybersecurity has some indirect impact on the issue, I would say it was most likely added to the bill to get support of certain congressmen. It's .0034% of the cost of the bill. That would be a rounding error in calculating the final cost of the legislation.

 

[Oldestyle]

In March 2021 when the American Rescue Plan was passed that provided funding to deal with covid-19, we were knee deep in Covid-19. Deaths from Covid was averaging 18,000 a month. Over 29 million Americans had tested positive for COVID-19. The United States also faced the greatest eviction, unemployment, and hunger crises since the start of the pandemic. Over 30 to 40 million Americans faced a risk of being evicted from their homes by January 2021 and the SNAP program was running serious short of funding's. Vaccinations which began in Jan 2021 was not funded for the year. The need at time was clear.

What was needed in March of 2021 was economic stimulus and funding Covid-19 relief and that is what the American Rescue Plan provided. In addition to monthly checks to Americans, the legislation provided emergency grants, lending, and investment in small businesses, expanded access to COVID-19 vaccines and testing, economic relief that has kept millions of children out of poverty, preventing evictions and foreclosures, etc... The American Rescue plan began phasing out in Sept 2021, with elimination government paid Cobra, and elimination of extended federal unemployment. The direct payments to Americans under the the plan ended in Dec 31, 2021. Most other parts of the legislation will phase out in 2022. Phasing out the American Rescue Plan and other Covid programs are largely responsible for the 800 billion dollar decrease in federal spending in 2022.

In March 2021, inflation and high gas prices were an not an issue, Covid-19 was. Unemployment was 6.2%, Average Gasoline price was $1.92, and inflation was 2.9%.

Thank you for that wonderful recap on Covid and the response to Covid, Flopper!

My point was that Covid was over and yet the Biden White House was still trying to pour Trillions of dollars in stimulus into the economy even when it was quite obvious to even liberal economists like Larry Summers that doing so was bad fiscal policy and was almost certain to cause inflation! Care to take a crack at explaining what Biden thought he was doing with THAT?

 

[Flopper]

Thank you for that wonderful recap on Covid and the response to Covid, Flopper!

My point was that Covid was over and yet the Biden White House was still trying to pour Trillions of dollars in stimulus into the economy even when it was quite obvious to even liberal economists like Larry Summers that doing so was bad fiscal policy and was almost certain to cause inflation! Care to take a crack at explaining what Biden thought he was doing with THAT?

1.9 trillion to exact.
Thanks for the compliment but I don't see how you can say Covid was over when we just started vaccinating the public, 18,000 a month were still dying, and the most transmittable and dangerous variant had not yet entered the US.

 

[Flopper]

1.9 trillion to exact.
Thanks for the compliment but I don't see how you can say Covid was over when we just started vaccinating the public 18,000 a month were still dying of Covid, and the most transmittable and dangerous variant, the Delta variant had just been discovered in the US.

 

[Harpy Eagle]

"all to avoid domestic oil production"

That's what this is all about.

And for what reason?

I can't think of anything positive or helpful.

and yet we export way more than we import and we also produce more than we consume...which back in the day you all called "energy independence"

 

[Bootney Lee Farnsworth]

and yet we export way more than we import and we also produce more than we consume...which back in the day you all called "energy independence"

You don't really believe that shit do you?

 

[Oldestyle]

1.9 trillion to exact.
Thanks for the compliment but I don't see how you can say Covid was over when we just started vaccinating the public, 18,000 a month were still dying, and the most transmittable and dangerous variant had not yet entered the US.

Come on, Flopper! The variant wasn't dangerous at all and you know it. It was highly transmittable but most people had mild symptoms. The pandemic was over. The Democrats used the pandemic to pass legislation that let them fund things they wanted. The vaccines at that point were just a huge windfall for Big Pharma! They were trying to push those on healthy children. Not because it was needed...but because it would make them billions more money!

 

[Harpy Eagle]

You don't really believe that shit do you?

Yes I do. The data is there for anyone that wants to look at it. I have posted it a few times on here already.

Despite Biden's best efforts, the oil industry in the country is thriving like never before.

It would seem you of all people should know they are not going to let the Fed Govt knock them down

 

[Flopper]

Come on, Flopper! The variant wasn't dangerous at all and you know it. It was highly transmittable but most people had mild symptoms. The pandemic was over. The Democrats used the pandemic to pass legislation that let them fund things they wanted. The vaccines at that point were just a huge windfall for Big Pharma! They were trying to push those on healthy children. Not because it was needed...but because it would make them billions more money!

It was certainly not over in the first few months of 2021. Covid hospitalizations were at an all time high in Jan 2021. The US reported a record number of deaths and public vaccinations had not started. By the end 2021, most people in the US believe the worst was over. Exactly when it was over would depend on you definition. Of all variant in the US, Delta proved to be the most dangerous.

 

[The Banker]

Clear for even a room temperature IQ Democrat to understand why.
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This thread has aged terribly.

Oil at $75.

Oil only surged because Trump's best buddy Putin invaded Ukraine and disrupted the global energy markets and MBS- who gave a $2B bribe to Kushner, cut Saudi Oil production sunstantially

Biden has America pumping record oil and gas, more than Trump. Deal with it losers

 

[there4eyeM]

Remember that the over-consuming, overweight, over-powered vehicle choices drive fuel prices up.

 

[Faun]

Clear for even a room temperature IQ Democrat to understand why.
View attachment 705983

Yet another loon who doesn't understand it takes years to go from obtaining a lease to producing the first drop of oil. However many leases the Biden administration issued, it did not impact the high gas prices.

 

[Faun]

Clear for even a room temperature IQ Democrat to understand why.
View attachment 705983

Yet another loon who doesn't understand it takes years to go from obtaining a lease to producing the first drop of oil. However many leases the Biden administration issued, it did not impact the high gas prices.

Wrong. They began to rise the minute Herr Biden ascended to the throne

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LOL

You fucking moron, Biden was inaugurated on 1/20 (red arrow), not 1/6. Prices had already begun to rise. In fact, that began rising in early December/2020.