Biden needs to use the "War Powers Act" to pump more oil before store shelves are empty

[kyzr]

There may not be any other way to keep grocery store shelves from becoming empty than for Biden to use the "War Powers Act" to cut thru the "red tape" and regulations keeping a cap on oil wells. Trucks will be stopping soon if diesel fuel costs keep rising.

Do you support Biden using the War Powers Act to pump as much US oil as possible? (Poll)

 

[pknopp]

There are no oil shortages so what will pumping more accomplish?

 

[kyzr]

There are no oil shortages so what will pumping more accomplish?

If there are no oil shortages, why are fuel costs skyrocketing? This is the diesel fuel chart. Pretty soon trucks won't be able to afford fuel costs, then the store shelves get empty. Don't say I didn't warn you.

 

[pknopp]

If there are no oil shortages, why are fuel costs skyrocketing? This is the diesel fuel chart. Pretty soon trucks won't be able to afford fuel costs, then the store shelves get empty. Don't say I didn't warn you.
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I've addressed this over and over. Noted, you posted a chart on costs, not supplies.

The price is where it is because of the irrationality of the markets but you know this.

 

[1stNickD]

The left wanted these high fuel prices anyway, they were soaring long before this war started. Now they blame all of Bidens inflation on this three-week-old war too.

They don't want to go to work anyway so they don't care what these prices do to working people. These prices don't really hurt the successful people they hate so bad, at least not yet. but they are financially destroying the working poor and gutting the middle class. Its the people the left hurt more than anyone else that used to be the soul of the democratic party. The democratic party I supported for decade after decade... I won't support the far left, never in 20 eternities, they are not real democrats and never will be, hell, they can't even figure out if they are male or female even if they look down their own shorts.. It's time for the normal, rational people of America to standup and take back the Democrats from the deviants, the socialists, and the incompetents.

People you have vote out these idiots THIS November or it will be too late by '24. The only way to slow the stupidity is to remove the fools who control Biden and remove the rubber stamp he has in congress. Then nominate a sane rational and pragmatic leader to be our next president n 24. One who is not already in the middle stages of dementia.

 

[1srelluc]

At this point I really don't care. It would be months before we see relief if he did. Tater had his chance and blew it with his dogged defense of covid mandates and sending his regulatory dogs after the fossil energy sector. What should have been a short-lived period of inflation will drag on into a full-blown recession next year.

Fact is voters react strongly to pain. Pain at the pump, pain at the grocery store, pain when they go to buy goods that are much higher now. 8% inflation that is easily double that under the old formula. Car dealers that act like they are doing you a favor to let you order a new car/truck/suv with no delivery date and the pain goes on.

To geld the dems in November and eventually get shed of Biden and his ilk in 2024 is now worth the cost of the ticket.

 

[Wild Bill Kelsoe]

There are no oil shortages so what will pumping more accomplish?

It'll lower the price. At this point a $1.00 decrease would be a big deal.

 

[Wild Bill Kelsoe]

At this point I really don't care. It would be months before we see relief if he did. Tater had his chance and blew it with his dogged defense of covid mandates and sending his regulatory dogs after the fossil energy sector. What should have been a short-lived period of inflation will drag on into a full-blown recession next year.

Fact is voters react strongly to pain. Pain at the pump, pain at the grocery store, pain when they go to buy goods that are much higher now. 8% inflation that is easily double that under the old formula. Car dealers that act like they are doing you a favor to let you order a new car/truck/suv with no delivery date and the pain goes on.

To geld the dems in November and eventually get shed of Biden and his ilk in 2024 is now worth the cost of the ticket.

And if we don't increase production, it may be years before we see any relief.

 

[kyzr]

I've addressed this over and over. Noted, you posted a chart on costs, not supplies.
The price is where it is because of the irrationality of the markets but you know this.

OK, have it your way. The LAW of Supply and Demand is bullshit.
When diesel fuel becomes unaffordable, things get very ugly very fast.
Don't say I didn't warn you.

 

[pknopp]

It'll lower the price. At this point a $1.00 decrease would be a big deal.

The irrational markets could lower the prices without glutting the market with oil. That actually increases costs as it's more expensive to store it above ground than below.

 

[pknopp]

OK, have it your way. The LAW of Supply and Demand is bullshit.
When diesel fuel becomes unaffordable, things get very ugly very fast.
Don't say I didn't warn you.

It is bull. There are no shortages and there is plenty of oil but prices have went way up showing that the prices are based upon S&D is complete bull.

 

[citygator]

You guys are nuts. Complain about big government all the time and now you want the federal government to take over the oil industry? How about trusting the market forces you commies!!!!!!

 

[pknopp]

You guys are nuts. Complain about big government all the time and now you want the federal government to take over the oil industry? How about trusting the market forces you commies!!!!!!

Neither is trustworthy.

 

[Toro]

The problem isn't regulation (though that is a problem).

The problem is that investors have gotten killed investing in oil shale, and have told the oil companies that haven't gone bankrupt to stop drilling oil.

Even if you enacted the War Powers Act, you still wouldn't be getting oil out of the ground for a while.

 

[pknopp]

The problem isn't regulation (though that is a problem).

The problem is that investors have gotten killed investing in oil shale, and have told the oil companies that haven't gone bankrupt to stop drilling oil.

Even if you enacted the War Powers Act, you still wouldn't be getting oil out of the ground for a while.

We haven't stopped getting oil out of the ground. What alternative universe do you live in?

 

[Hellokitty]

You guys are nuts. Complain about big government all the time and now you want the federal government to take over the oil industry? How about trusting the market forces you commies!!!!!!

People want the government to get out of the way, not take over...

 

[kyzr]

You guys are nuts. Complain about big government all the time and now you want the federal government to take over the oil industry? How about trusting the market forces you commies!!!!!!

Actually we want big government to take their feet of the oil industry's neck so we can get back to "capitalism".

My point of contention is that Xiden's "War on Energy" has consequences. Keeping oil in the ground by regulations or law suits reduces supply. Lower supply and increasing demand means that prices skyrocket. Sooner or later those rising prices become unaffordable, that's when things get real ugly.

 

[pknopp]

Actually we want big government to take their feet of the oil industry's neck so we can get back to "capitalism".

My point of contention is that Xiden's "War on Energy" has consequences. Keeping oil in the ground by regulations or law suits reduces supply. Lower supply and increasing demand means that prices skyrocket. Sooner or later those rising prices become unaffordable, that's when things get real ugly.

Supply is equally demand and the prices are doing what?

 

[1stNickD]

I've addressed this over and over. Noted, you posted a chart on costs, not supplies.

The price is where it is because of the irrationality of the markets but you know this.

OK, have it your way. The LAW of Supply and Demand is bullshit.
When diesel fuel becomes unaffordable, things get very ugly very fast.
Don't say I didn't warn you.

How is the law of supply and demand, "bullshit"? For fuel it still plays a role, although not as much as it did before the Bush/Cheny oil summit in 2001, where oil was changed into a commodity price item much like corn and oats. Oil is now set much like a futures bet instead raw supply and demand like the auto industry. The price we pay now is a direct result of where the supply might be a year or two in the future. Thats why things such as pipelines, drilling permits and permit prices are so important, not for the oil they produce tomorrow morning, but for effect they will have on global supply in the future.

 

[1stNickD]

Supply is equally demand and the prices are doing what?

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