Consumer Price Index rose 3.2% in October

[Hollie]

Good point..Biden has been bringing gas prices down too.

Good job Biden.

Biden has done nothing to lower gas prices.

 

[Catsnmeters]

Biden has done nothing to lower gas prices.

Nothing at all? Lol. He has been drilling like crazy and lowering inflationary prices caused by Trump's COVID debacle.

 

[Hollie]

Nothing at all? Lol. He has been drilling like crazy and lowering inflationary prices caused by Trump's COVID debacle.

Trump humpers can't let go of their "I Blame Trump'' pathology.

Gas prices are coming down due to bidders in the crude markets pulling back because they're seeing less demand in China and recession fears in 2024.

 

[Catsnmeters]

Trump humpers can't let go of their "I Blame Trump'' pathology.

Trump humpers have never blamed Trump for anything...ever.

Gas prices are coming down due the bidders in the crude markets pulling back because they're seeing less demand in China and recession fears in 2024.

Biden is also drilling like crazy. More then the last few presidents even.

Drill baby drill!

 

[otto105]

Biden has done nothing to lower gas prices.

He didn't do anything to rise them either.

 

[Hollie]

Trump humpers have never blamed Trump for anything...ever.


Biden is also drilling like crazy. More then the last few presidents even.

Drill baby drill!

I guess you missed the point that prices on the futures markets for oil and gas are subject to international pressures such as slowing demand in China and recession fears that impact supply and demand.

 

[Hollie]

He didn't do anything to rise them either.

Except to enact policies that caused prices to rise.

Virtually every action the Biden administration has taken has made surging inflation a certainty. When Biden's ''Screw Americans'' energy policies include bans on fracking, eliminating and rescinding leasing rights for exploration and drilling, canceling oil pipelines, crushing "fossil fuel" industries, increasing regulation, and printing money, how could anyone honestly expect any other outcome.

 

[otto105]

Except to enact policies that caused prices to rise.

Virtually every action the Biden administration has taken has made surging inflation a certainty. When Biden's ''Screw Americans'' energy policies include bans on fracking, eliminating and rescinding leasing rights for exploration and drilling, canceling oil pipelines, crushing "fossil fuel" industries, increasing regulation, and printing money, how could anyone honestly expect any other outcome.

Hilarious hollie.

Ran to some idiot wingnut site for that. Can you post the domestic oil production numbers for all to see.

 

[Hollie]

Hilarious hollie.

Ran to some idiot wingnut site for that. Can you post the domestic oil production numbers for all to see.

Yeah, funny. You couldn't muster a thought to refute what I wrote.

Post the number of transmission pipelines the Dems / Socialists have canceled.

Here. I did your homework for you.

A timeline of Biden's actions on oil and gas reveal where his priorities are

The Biden administration's actions are speaking louder than words when it comes to domestic oil production.

www.foxbusiness.com

 

[otto105]

Yeah, funny. You couldn't muster a thought to refute what I wrote.

Post the number of transmission pipelines the Dems / Socialists have canceled.

Here. I did your homework for you.

A timeline of Biden's actions on oil and gas reveal where his priorities are

The Biden administration's actions are speaking louder than words when it comes to domestic oil production.

www.foxbusiness.com

Here's reality for you hollie.

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

BTW the other stuff is just conservative bullshit mixed with feelings of victimhood.

 

[Catsnmeters]

I guess you missed the point that prices on the futures markets for oil and gas are subject to international pressures such as slowing demand in China and recession fears that impact supply and demand.

I didn't miss it.

Biden is drilling for oil like crazy. This increases supply this lowering prices.

I didn't say that Biden was solely responsible for lower gas prices.

 

[Hollie]

Here's reality for you hollie.

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

BTW the other stuff is just conservative bullshit mixed with feelings of victimhood.

US production does not drive global markets.


From the homework assignment I did for you.

''Even after Biden’s recent messaging shift, his administration continues to advance an aggressive green agenda designed to cut off access to capital for new exploration and strangle the domestic oil industry. ''


''The White House has limited ability to influence the near-term domestic oil and gas production. We do not have national oil companies like Saudi Arabia, Russia, or Venezuela, so Biden must rely on the private sector, which itself is accountable to its shareholders. Those shareholders have grown weary of high investment and low dividends after the rapid growth of the shale sector in the last decade. They now insist on fiscal discipline, limiting how much capital CEOs can invest in new exploration.''

 

[otto105]

US production does not drive global markets.


From the homework assignment I did for you.

''Even after Biden’s recent messaging shift, his administration continues to advance an aggressive green agenda designed to cut off access to capital for new exploration and strangle the domestic oil industry. ''


''The White House has limited ability to influence the near-term domestic oil and gas production. We do not have national oil companies like Saudi Arabia, Russia, or Venezuela, so Biden must rely on the private sector, which itself is accountable to its shareholders. Those shareholders have grown weary of high investment and low dividends after the rapid growth of the shale sector in the last decade. They now insist on fiscal discipline, limiting how much capital CEOs can invest in new exploration.''

You sourced an opinion piece and passed it thru your ass.

OPEC sets pricing for oil and that doesn't change with different US presidents.

Your recent posts confirm that. The other stuff about president Biden is just bias thinking.

 

[Hollie]

I didn't miss it.

Biden is drilling for oil like crazy. This increases supply this lowering prices.

I didn't say that Biden was solely responsible for lower gas prices.

Biden has realized that elections can be swayed by temporarily reducing gas prices. Tgat cost is a large portion of a household's expense. That's why he raped the strategic oil reserves and dumped oil on the markets before the mid-terms. He has dumped on the greenies and advanced some limited drilling because voters in the 2024 elections are already taking sides based on the cost of living.

 

[Hollie]

You sourced an opinion piece and passed it thru your ass.

OPEC sets pricing for oil and that doesn't change with different US presidents.

Your recent posts confirm that. The other stuff about president Biden is just bias thinking.

You're angry and emotive because you can't defend your nonsense claims.


OPEC does not set global oil pricing. You obviously missed the part about a slowing Chinese economy and 2024 recession fears are the reason for falling gas prices. Futures traders are not bidding up oil prices.

Oil Prices Fall As Traders Focus On Demand Concerns | OilPrice.com

Crude oil prices started the week in the red as demand concerns in both the United States and China continued to pressure both WTI and Brent lower.

oilprice.com

• Demand concerns continued to weigh on oil prices at the start of this week, with WTI falling to $76.47 and Brent trading at $80.75.
• News that gasoline demand in the U.S. might fall to the lowest level in two decades next year and that Chinese refiners have requested lower volumes of Saudi crude weighed on prices.
• While oil prices are under pressure, the Gaza war has the potential to spark a supply disruption in the Middle East and China could still boost fuel export quotas.

 

[otto105]

Biden has realized that elections can be swayed by temporarily reducing gas prices. Tgat cost is a large portion of a household's expense. That's why he raped the strategic oil reserves and dumped oil on the markets before the mid-terms. He has dumped on the greenies and advanced some limited drilling because voters in the 2024 elections are already taking sides based on the cost of living.

Now your just posting stupid.

Yeah, the cost of living. The PPI report from last week showed just 1.3% increase in prices over the 12 months.

 

[otto105]

You're angry and emotive because you can't defend your nonsense claims.


OPEC does not set global oil pricing. You obviously missed the part about a slowing Chinese economy and 2024 recession fears are the reason for falling gas prices. Futures traders are not bidding up oil prices.

Oil Prices Fall As Traders Focus On Demand Concerns | OilPrice.com

Crude oil prices started the week in the red as demand concerns in both the United States and China continued to pressure both WTI and Brent lower.

oilprice.com

• Demand concerns continued to weigh on oil prices at the start of this week, with WTI falling to $76.47 and Brent trading at $80.75.
• News that gasoline demand in the U.S. might fall to the lowest level in two decades next year and that Chinese refiners have requested lower volumes of Saudi crude weighed on prices.
• While oil prices are under pressure, the Gaza war has the potential to spark a supply disruption in the Middle East and China could still boost fuel export quotas.

OPEC greatly influences the global pricing of oil thru its production control. China is leading the world in renewable energy development. It's demand for oil will fall.

Still wishing for that recession which has been 6 months away for two years now.

 

[Hollie]

Now your just posting stupid.

Yeah, the cost of living. The PPI report from last week showed just 1.3% increase in prices over the 12 months.

I guess you’re just clueless as to the costs for borrowing money for mortgage loans, car payments or household appliances.

Latest inflation data shows Americans are still not buying Bidenomics - Roll Call

Americans can see through President Joe Biden’s economic spin when they gas up their vehicles or visit the supermarket.

rollcall.com

Since President Biden took office, prices have increased cumulatively by 17.4 percent, while hourly wages have increased only 13 percent. In looking at the past seven presidents, only Jimmy Carter had a bigger inflation rate, 26.2 percent, at a similar point in his presidency. For the past four presidents, their Presidential Inflation Rate was in single digits, and, specifically, Biden’s PIR is triple that of where Donald Trump (5.6 percent) and George W. Bush (5.4 percent) were at this point in their first terms.

 

[otto105]

Biden has done nothing to lower gas prices.

Girl you have already credited President Biden with selling US oil reserves to increase supply on market to ease prcing.

So...

 

[Lastamender]

https://www.cnn.com/2023/11/14/economy/consumer-price-index-october/index.html

That is down from the 3.7% in September. The Fed and the WH are slowly shipping away at a, pandemic caused, spike in inflation. If this trend continues into December, the Fed may leave interest rates at their present level. Bidenomics in slowly working and should lead to a long term trend of stability in the US economy. Other countries in the world are still seeing record high inflation, no so true of the US.