Biden is no more responsible for the price going up than it going down, now the left, like Biden and Lesh are giving Biden credit but we all know that isn’t true.
So none of the below comments meant NOTHING to the oil companies?
"I want you to look into my eyes, I guarantee We Are Going To Get Rid of Fossil Fuels”
when he said oil executives
'Put them in jail. I'm not joking about this,' Biden said
Joe Biden said Sunday that fossil fuel executives should be jailed - but failed to mention that his son was on the board of a Ukrainian natural gas firm.
www.dailymail.co.uk
Biden was obviously ignorant of these FACTS of fossil fuel... that he wants to get rid of it!
With Over 6,000 products and counting, petroleum continues to be a crucial requirement for all consumers.
Products made from petroleum | Ranken Energy Corporation
So Biden tells an Industry supports 9.8 million jobs or 5.6 percent of total U.S. employment, according to PwC. In 2012
The American Petroleum Institute (API) is the only national trade association that represents all aspects of America’s oil and natural gas industry. Our more than 600 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry.
www.api.org
That he wants to eliminate their jobs, reduce $45.5 billion a year in this industry's payments to Medicare/SS (how many of you are aware your employer matches the 6.2% that is deducted from your paycheck?) and Biden wants to get rid of that?
And you still say Biden has NO effect?
Think about this for a second...
Tire prices have risen
approximately 5% in 2021, mainly due to raw material and manufacturing cost increases, along with disposal and transportation costs,
Many tire manufacturers increased prices in 2021. Tire prices are affected by the prices of commodities such as
crude oil, rubber, and steel, which are all used in tire manufacturing. All three of these commodities saw price increases this year,” said Mark Atchley, senior supply chain manager for Enterprise Fleet Management. “
Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
www.globalfleetmanagement.com
Mar 6, 2022
https://www.cnbc.com › 2022/03/06 › us-crude-oil-jum...
So as a tire manufacture that uses 7 gallons of oil to make one tire, just in the tire manufacturing business with
2.35 billion tires using 7 gallons per tire equals 300 million barrels of what Biden and you want rid of PER YEAR.
So from 2020 one barrel oil cost $41.96 to 03/06/22 of $130 that's a cost increase per gallon (at 55 gallons/barrel) 210% or a $16.55 cost INCREASE
just to produce ONE tire. 2.35 billion... means $5,554,455 PRICE INCREASE for tires!
The preliminary 2025 annual price of Brent crude oil reached 79.28 USD per barrel. This is lower than the 2024 average.
www.statista.com
And that is just ONE product of 6,000 that use oil in their products!