Democrats literally being inflated out of office.....Grocery and Gas trump all other issues by a mile.

[struth]

Not any president, moron.
A republican could let the oil companies go hog wild with deregulating oil drilling on the US property it controls...........

The U.S. has more than 24 million acres under lease to oil and gas companies onshore — close to half are not producing.

Before drilling can occur, the lease holder has to get a federal permit. At the end of 2021, there were 9,173 approved and available permits to drill on federal and Indian lands. Those permits include those issued under Biden and those still active from Trump’s administration and potentially before.

The US government only controls 10% of ALL oil company property.
Of course, teabaggers aren't concerned with the other 90% the US government doesn't control.

given the dems history wirh oil deregulating, and management it’s best they don’t do anything…we don’t need another Deepwater Horizen event

 

[Smokin' OP]

given the dems history wirh oil deregulating, and management it’s best they don’t do anything…we don’t need another Deepwater Horizen event

Of course, republicans don't blame BP, they blame Obama.

 

[struth]

Of course, republicans don't blame BP, they blame Obama.

enough blame to go around. BP, and obama, xiden and the dems

 

[rightwinger]

Now for the truth. Banks were being essentially forced to give loans to minority applicants who realistically had no way to make the payments. Under threat of fines or worse. Bush warned Congress repeatedly that the housing bubble was getting ready to burst. Only to have people like Barney Frank claim Bush was wrong and everything was just fine. Until it wasn’t. Then morons like you started blaming Bush. Just like you did when the dot com bubble burst on CLINTON. Bush took the hit as Slick Willy was on his way out the door when that happened.

More of the lie that minorities who have very little wealth somehow caused the housing collapse

The housing bubble burst because of rampant speculation that drove prices way past their worth

Wasnt minorities flipping houses for profit

 

[Ray From Cleveland]

More of the lie that minorities who have very little wealth somehow caused the housing collapse

The housing bubble burst because of rampant speculation that drove prices way past their worth

Wasnt minorities flipping houses for profit

The standards were lowered because of minorities. The ball kept getting bigger as it rolled down the hill, but we didn't need to drop standards because of credit worthy people not being able to get loans.

It's the minorities that were complaining about being discriminated against. When they found no discriminating practices, they came to the conclusion that the standards were too high for those minorities with lower income, credit history problems, no down payment, no ability to repay the loans. Instead of going back to their constituents to explain the problem, they simply lowered the standards for them.

It would be a violation of equal protection under the law for government to lower standards for one group or race of people, so they had to lower them for everybody. When Bush got the economy up and running after 911, everybody jumped in on the bandwagon.

 

[Ray From Cleveland]

So.
The federal government only controls 10% of the US land oil companies drill on, and oil companies are only drilling on 50% of that.
What about the other 90%, they don't. control?

Republicans ignore that, it MUST be the 10% that is the tipping point for catastrophe.

Look.......I traded commodities for a few years. I know how that animal works. It's the commodities market that sets the prices because we buy actual product, not stock in a company. Let me give you a past experience of mine:

During the GW years they found two cows with hoof and mouth disease. The market went nuts. Cattle dropped by eight points. The market was frantic over these two stupid cows. GW got on television eating a hamburger stating there was no need for alarm, everything is just fine. Within two months the cattle market was back to where it was.

The point is we didn't lose anything but two cows, and the bottom dropped out of the market. That's how it works.

You remove a pro-energy President and replace him with an anti-energy President, what do you think the market is going to do? Dementia and Whorris didn't just talk the talk, they walked the walk.

If you buy an oil contract, every time the price per barrel changes by one dollar, you make or lose $1,000. It's no kids game. It's a lot of money at risk because the rich folks buy 10, 20, 30 contracts at a time. By the end of the day you might make $100,000. Or you might lose $100,000.

So the smart money since Dementia took over is to buy long contracts; long meaning you're betting the price will go up. The more contracts bought, the higher the price goes.

 

[Ray From Cleveland]

I know he did.

March 30 2020
Last week, U.S. President Donald Trump dangled the possibility of reopening the U.S. economy by Easter. Now he has changed his mind. At a White House Rose Garden briefing, Trump extended the current guidelines on social distancing until April 30, keeping the United States in line with measures taken by other nations gripped by the coronavirus pandemic to keep their populations at home.

Not even close.

No Shit.

Sure, Biden told Warner, Swift and J.B. Hunt to raise prices.

So, how did Biden cause that?
Biden told private companies to raise prices?

Greg Abbott MUST have done the same.

February 21 2019
Houston resident David Astrein, 36, a human resources director at a manufacturing company, said he’s been charged $2,738.66 for 20 days this month versus $129.85 for the whole of January for a three-bedroom home with a detached garage. He and his wife stopped using their dishwasher, washer and dryer, and turned on as few lights as possible at night. They kept the heat on for their 5-month old son.

After a deadly winter storm left millions in Texas without power this week -- along with shortages of food and clean water -- some Texans are now seeing exorbitant electricity bills.

The tabs run as high as $17,000, according to reports.

That's how much Ty Williams, a resident of Arlington, told FOX 4 of Dallas-Fort Worth his family was being asked to pay -- despite trying to conserve electricity during the storm.

"How in the world can anyone pay that? I mean you go from a couple hundred dollars a month," he told WFAA-TV in Dallas. "There’s absolutely no way‚ it makes no sense."

Williams was a customer of Griddy, a wholesale electricity provider in the state.

Abbott raised prices, now he wants the federal government $$$.

Texas Governor Greg Abbott held an emergency meeting Saturday with legislators to address the issue. Representative Michael McCaul, a Republican, said Sunday that the current plan is to use federal assistance funding to help homeowners with both post-storm repairs, such as for water damage and pipe bursting, and surprise electricity bills.

Nobody tells industry to set prices. Their prices are set at what it costs to produce a product or services. When those costs increase dramatically, they have no choice but to increase prices. Between labor cost increases, utility price increases, transportation cost increases, it's the perfect mixture for an 8.5% inflation rate. There is simply no way around it.

Here Are 81 Biden Actions That Drove Gas Prices to Historic Highs

townhall.com

 

[Ray From Cleveland]

They are not, some blame Biden for one country invading another.
Just like they blamed Democrats for the US invasion of Iraq.

Who blamed Democrats for us going to Iraq? It was a bipartisan vote.

 

[Ray From Cleveland]

BS.

The 1999 repeal of the Glass-Steagall Act, which had prohibited commercial banks from undertaking investment banking operations (and vice versa).

The Gramm-Leach-Bliley act reversed the Glass-Steagall act.
The culprits?
ALL republicans.

Financial Services Act were introduced in the U.S. Senate by Phil Gramm (Republican of Texas) and in the U.S. House of Representatives by Jim Leach (R-Iowa). The third lawmaker associated with the bill was Rep. Thomas J. Bliley, Jr. (R-Virginia), Chairman of the House Commerce Committee from 1995 to 2001.
Bush initiatives were the policies that made them.

What’s more, in the Clinton push to issue home loans to lower income borrowers, Fannie Mae and Freddie Mac made a common practice to virtually end credit documentation, low credit scores were disregarded, and income and job history was also thrown asid

That was George.

President Bush is issuing "America's Homeownership Challenge" to the real estate and mortgage finance industries to join in his effort to increase the number of minority homeowners by 5.5 million families by the end of the decade. Many organizations have already responded to the President's challenge by committing to:

• Substantially increase by at least $440 billion, the financial commitment made by the government sponsored enterprises involved in the secondary mortgage market, specifically targeted toward the minority market;
• Launching twenty-five different local initiatives across the nation, geared toward eliminating the specific homeownership barriers faced by minority families in those communities;
• Raising $750 million in below-market-rate investments by 2007, which will work in collaboration with local homeownership initiatives and be targeted to heavily minority program areas.
• Establishing multilingual, consumer-oriented internet Web sites designed to help minorities overcome barriers to homeownership, including creation of a central data bank of affordable housing programs made available to real estate agents when working with clients.
• 
  
• The Administration proposed the Zero-Downpayment Initiative to allow the Federal Housing Administration to insure mortgages for first-time homebuyers without a downpayment. Projections indicate this could generate over 150,000 new homeowners in the first year alone.

The President proposed $2.7 billion in USDA home loan guarantees to support rural homeownership and $1.1 billion in direct loans for low-income borrowers unable to secure a mortgage through a conventional lender. These loans are expected to provide 42,800 homeownership opportunities to rural families across America.

• President Bush signed the $200 million-per-year American Dream Downpayment Act which will help approximately 40,000 families each year with their downpayment and closing costs.

Two proximate causes were the rise in subprime lending and the increase in housing speculation. The percentage of lower-quality subprime mortgages originated during a given year rose from the historical 8% or lower range to approximately 20% from 2004 to 2006, with much higher ratios in some parts of the U.S.
A high percentage of these subprime mortgages, over 90% in 2006 for example, had an interest rate that increased over time.
Housing speculation also increased, with the share of mortgage originations to investors (i.e. those owning homes other than primary residences) rising significantly from around 20% in 2000 to around 35% in 2006–2007.
Investors, even those with prime credit ratings, were much more likely to default than non-investors when prices fell. These changes were part of a broader trend of lowered lending standards and higher-risk mortgage products.

Never had GSE's until BUSH allowed them.

As my NBC article pointed out, it was HUD (under Clinton) when those standards were lowered. It's HUD that makes regulation for F&F and it's F&F that make the loan standards that banks must follow.

The Republicans knew F&F were out of control and wanted an oversight commission to make sure what did happen wouldn't. It was fought tooth and nail by the Democrats.

 

[Ray From Cleveland]

Then, American truckers are waking up, finally...................most realize, they're getting paid shit wages or getting ripped off by their employer, the road to the middle class, isn't getting paid on a per-mile basis.

Walmart truck drivers paid at least $95,000 after wage increase

Walmart workers who once unloaded trucks now have a chance to drive them.

fox8.com

 

[Smokin' OP]

Look.......I traded commodities for a few years. I know how that animal works. It's the commodities market that sets the prices because we buy actual product, not stock in a company. Let me give you a past experience of mine:

During the GW years they found two cows with hoof and mouth disease. The market went nuts. Cattle dropped by eight points. The market was frantic over these two stupid cows. GW got on television eating a hamburger stating there was no need for alarm, everything is just fine. Within two months the cattle market was back to where it was.

That's because not only cows are susceptible, hoof and mouth disease affects pigs, goats and sheep, they just happened to find it in cattle first.
It was an issue in Europe that triggered that, their markets triggered our markets.

The point is we didn't lose anything but two cows, and the bottom dropped out of the market. That's how it works.

No, shit.
Just like when Russia and Saudi flooded the oil market.

On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, facilitating a 65% quarterly fall in the price of oil.
In the first few weeks of March, US oil prices fell by 34%, crude oil fell by 26%, and Brent oil fell by 24%.
The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. Russia walked out of the agreement, leading to the fall of the OPEC+ alliance.

You remove a pro-energy President and replace him with an anti-energy President, what do you think the market is going to do? Dementia and Whorris didn't just talk the talk, they walked the walk.

It has no effect on OPEC.
ONE refinery goes down for repairs, and the next day the fuel price at the pump shoots up5 or 10 cents a gallon.
When that fuel has already been delivered and sitting in the station's tanks, that they got 5 or 10 cents cheaper.

NO price gouging there.

If you buy an oil contract, every time the price per barrel changes by one dollar, you make or lose $1,000. It's no kids game. It's a lot of money at risk because the rich folks buy 10, 20, 30 contracts at a time. By the end of the day you might make $100,000. Or you might lose $100,000.

So the smart money since Dementia took over is to buy long contracts; long meaning you're betting the price will go up. The more contracts bought, the higher the price goes.

That's speculation for you.

February 11 2022
Oil prices are soaring after media outlets began to report that a Russian invasion of Ukraine is imminent.

WTI crude was trading at $94.42—a $4.54 (+5.05%) increase on the day. Brent crude was trading up $3.90 (+4.27%) on the day at that time.

WTI is trading at its highest level since 2014, and is up $10 in the last 30 days.

JPMorgan said earlier this week that Brent could “easily” reach $120 per barrel if Russia invaded Ukraine and the U.S. and other nations sanctioned Russia’s oil and natural gas exports.

 

[Smokin' OP]

Nobody tells industry to set prices.

Sure they do...........themselves.
Look at cable and satellite providers, they have a set price, they might reel people in with a discount but at the end of the day, they're all in the same ballpark.

Then if you divert, you get sued.

As of today, March 22, 2022, AAA reports that the average price for a gallon of gasoline in the United States sits at $4.24. Obviously, that's subject to change.

A gas station managed by Woodman's Market in Waukesha, Wisconsin, was recently sued by two competitors who say it has priced its fuel artificially low. According to local ABC affiliate WISN, owners of Shell and BP stations claim that Woodman's is breaking the law by selling gas for less than the station itself paid for it. Apparently, that's a crime in Wisconsin, and the rival stations are suing for damages totaling $80,000 each. That's apparently based on the number of days they claim that Woodman's illegally undercut them.

Woodman's counters that it isn't breaking Wisconsin's so-called Unfair Sales Act because it has priced its fuel to compete with a nearby Costco gas station which it can do because a significant portion of its profits are derived from membership fees. Costco won't sell gas to drivers that don't pay those membership fees, unlike other stations like Shell, BP and Woodman's.

Their prices are set at what it costs to produce a product or services. When those costs increase dramatically, they have no choice but to increase prices.

Sure they do.
Some companies can pass ALL the increases to the consumer, some 75%, some 50%, so your profit margin can be up to what you have in the bank.

Between labor cost increases, utility price increases, transportation cost increases, it's the perfect mixture for an 8.5% inflation rate. There is simply no way around it.

Yes, there is, tell companies to lower their prices or shop elsewhere.
Instead, republicans blame Biden, for a global issue.

Here Are 81 Biden Actions That Drove Gas Prices to Historic Highs

townhall.com

Sure.
"On January 20, 2021, Biden signed an executive order directing the federal government to review and rescind President Trump's policies that made the United States energy independent".

The US was NEVER "energy independent".
The rest is BS too.

 

[Smokin' OP]

Walmart truck drivers paid at least $95,000 after wage increase

Walmart workers who once unloaded trucks now have a chance to drive them.

fox8.com

Yes, they did for long-haul/OTR truckers, that's higher than average but they're still getting paid by the mile.
Every trucking company boasts that you COULD make that much, and more, but you have to make the miles.

So, much more than a steering wheel holder that comes into play that makes it virtually impossible to do that, for a while.

 

[Ray From Cleveland]

Yes, they did for long-haul/OTR truckers, that's higher than average but they're still getting paid by the mile.
Every trucking company boasts that you COULD make that much, and more, but you have to make the miles.

So, much more than a steering wheel holder that comes into play that makes it virtually impossible to do that, for a while.

Well you're kind of out of your league here as you're talking to a retired driver. There are jobs that pay more than that, sometimes in the six figure range because there aren't enough of us around anymore. Industry knows if they don't come through with what was promised, drivers will pack up and go somewhere else. We are in way too high of a demand.

Even local drivers are in the $28.00 an hour range with great benefits and plenty of OT. That's close to 60K working only 40 hours a week. I've run across plenty of drivers with a college degree. They chose trucking because it paid better than the career they spent years of college to study. Companies looking for OTR drivers have to compete with that. Otherwise drivers will choose local work over road work any day of the week.

Currently we are short over 60,000 drivers industry can't find, and it's predicted to get much worse as we baby boomers head for retirement and government makes it harder and harder for us to work. Are there crappy paying jobs around? Sure, just like any other career, but drivers with an outstanding record such as mine have the world open to them.

 

[Ray From Cleveland]

Sure they do...........themselves.
Look at cable and satellite providers, they have a set price, they might reel people in with a discount but at the end of the day, they're all in the same ballpark.

Then if you divert, you get sued.

As of today, March 22, 2022, AAA reports that the average price for a gallon of gasoline in the United States sits at $4.24. Obviously, that's subject to change.

A gas station managed by Woodman's Market in Waukesha, Wisconsin, was recently sued by two competitors who say it has priced its fuel artificially low. According to local ABC affiliate WISN, owners of Shell and BP stations claim that Woodman's is breaking the law by selling gas for less than the station itself paid for it. Apparently, that's a crime in Wisconsin, and the rival stations are suing for damages totaling $80,000 each. That's apparently based on the number of days they claim that Woodman's illegally undercut them.

Woodman's counters that it isn't breaking Wisconsin's so-called Unfair Sales Act because it has priced its fuel to compete with a nearby Costco gas station which it can do because a significant portion of its profits are derived from membership fees. Costco won't sell gas to drivers that don't pay those membership fees, unlike other stations like Shell, BP and Woodman's.



Sure they do.
Some companies can pass ALL the increases to the consumer, some 75%, some 50%, so your profit margin can be up to what you have in the bank.

Yes, there is, tell companies to lower their prices or shop elsewhere.
Instead, republicans blame Biden, for a global issue.

Sure.
"On January 20, 2021, Biden signed an executive order directing the federal government to review and rescind President Trump's policies that made the United States energy independent".

The US was NEVER "energy independent".
The rest is BS too.

You don't understand what energy independence means. All fuel is a worldwide commodity. Energy independence means you are exporting just as much or more than you import. Other energy producers feared the US under Trump because if they pulled any BS on us, Trump would have expanded US energy flooding the market. When you put in a anti-energy President, OPEC and others can use any stunts they desire because they know Dementia won't do a thing about it.

This isn't the 1970's anymore. Companies don't make any money selling gasoline like years ago. Selling fuel brings customers into their convenience stores and that's how they make money. It's why stations gave up auto repair in exchange for stores. You'd be hell pressed to find a gas/ auto repair station these days. Most repair shops are free standing and don't sell gasoline and diesel. They could never compete in prices with the convenient store stations.

 

[Smokin' OP]

Well you're kind of out of your league here as you're talking to a retired driver.

I drove for a bit myself.
Companies lie more than when I was driving

There are jobs that pay more than that, sometimes in the six figure range because there aren't enough of us around anymore.

No, shit.
NOT starting.

Industry knows if they don't come through with what was promised, drivers will pack up and go somewhere else. We are in way too high of a demand.

A lot of us did.

Even local drivers are in the $28.00 an hour range with great benefits and plenty of OT.

Not starting, again, with years of exprience.

That's close to 60K working only 40 hours a week. I've run across plenty of drivers with a college degree. They chose trucking because it paid better than the career they spent years of college to study. Companies looking for OTR drivers have to compete with that. Otherwise drivers will choose local work over road work any day of the week.

No, shit.

Currently we are short over 60,000 drivers industry can't find,

Sure, they were claiming that 30 years ago, which is the same BS.
That's the companies saying that, as usual, meanwhile they don't take care of their drivers.
When I was a driver, SOME companies gave you $30 for layover pay, over 24 hours.
$10 to $20 for unloading pay.
Weather? No miles or pay until you're layed over for a while
No pay for waiting 4-6 hours to get loaded.
No breakdown pay.
Meal allowance............forget it.
Very few paid hub miles, most were household goods miles, which reduced your pay.
Among other issues to lower pay.
That was industrywide.

and it's predicted to get much worse as we baby boomers head for retirement and government makes it harder and harder for us to work.

"The government makes it harder for you to work"?
Guess who writes the safety legislation/rules for the DOT?
Just like any business

They were doing that 30 years ago too.

Are there crappy paying jobs around? Sure, just like any other career, but drivers with an outstanding record such as mine have the world open to them.

Good for you.
A lot of others gave it up or are in the process of "retiring".

 

[Ray From Cleveland]

That's because not only cows are susceptible, hoof and mouth disease affects pigs, goats and sheep, they just happened to find it in cattle first.
It was an issue in Europe that triggered that, their markets triggered our markets.


No, shit.
Just like when Russia and Saudi flooded the oil market.

On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, facilitating a 65% quarterly fall in the price of oil.
In the first few weeks of March, US oil prices fell by 34%, crude oil fell by 26%, and Brent oil fell by 24%.
The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. Russia walked out of the agreement, leading to the fall of the OPEC+ alliance.

It has no effect on OPEC.
ONE refinery goes down for repairs, and the next day the fuel price at the pump shoots up5 or 10 cents a gallon.
When that fuel has already been delivered and sitting in the station's tanks, that they got 5 or 10 cents cheaper.

NO price gouging there.

That's speculation for you.

February 11 2022
Oil prices are soaring after media outlets began to report that a Russian invasion of Ukraine is imminent.

WTI crude was trading at $94.42—a $4.54 (+5.05%) increase on the day. Brent crude was trading up $3.90 (+4.27%) on the day at that time.

WTI is trading at its highest level since 2014, and is up $10 in the last 30 days.

JPMorgan said earlier this week that Brent could “easily” reach $120 per barrel if Russia invaded Ukraine and the U.S. and other nations sanctioned Russia’s oil and natural gas exports.

Stations never sold fuel based on what they bought it for. When the market changes, gas and diesel prices change at that minute. Yes, they make an extra few cents on the gallon when prices increase, but they also lose money when they bought fuel at a higher price and sold it for less. In the end it all evens out so they don't really care much about purchase price and selling prices. It's the only logical way to do it. Oil and other fuel companies work the same way. Nobody is gouging anybody else.

Russia only played a part in increased fuel prices. Closing down the Keystone, stopping energy exploration and new drilling, not showing any concern about our pipelines getting hacked, new governmental costs and regulation played a larger part.

 

[Redfish]

OK so here's the question Mr Republican candidate: If democrats are responsible somehow for inflation it should be easy to explain how republicans will bring prices down other than the usual means of causing a deep recession.

reopen keystone, lift bans of offshore drilling, make the USA energy independent again. All of this inflation has been cause by rising fuel prices and rising fuel prices are the direct result of Biden's foolish policies driven by the far left envirowackos.

 

[Redfish]

More of the lie that minorities who have very little wealth somehow caused the housing collapse

The housing bubble burst because of rampant speculation that drove prices way past their worth

Wasnt minorities flipping houses for profit

the housing collapse was caused by stupid dem/lib policies that gave mortgages to people who could never make the payments. that was the sole cause of it.

 

[Redfish]

Sure they do...........themselves.
Look at cable and satellite providers, they have a set price, they might reel people in with a discount but at the end of the day, they're all in the same ballpark.

Then if you divert, you get sued.

As of today, March 22, 2022, AAA reports that the average price for a gallon of gasoline in the United States sits at $4.24. Obviously, that's subject to change.

A gas station managed by Woodman's Market in Waukesha, Wisconsin, was recently sued by two competitors who say it has priced its fuel artificially low. According to local ABC affiliate WISN, owners of Shell and BP stations claim that Woodman's is breaking the law by selling gas for less than the station itself paid for it. Apparently, that's a crime in Wisconsin, and the rival stations are suing for damages totaling $80,000 each. That's apparently based on the number of days they claim that Woodman's illegally undercut them.

Woodman's counters that it isn't breaking Wisconsin's so-called Unfair Sales Act because it has priced its fuel to compete with a nearby Costco gas station which it can do because a significant portion of its profits are derived from membership fees. Costco won't sell gas to drivers that don't pay those membership fees, unlike other stations like Shell, BP and Woodman's.



Sure they do.
Some companies can pass ALL the increases to the consumer, some 75%, some 50%, so your profit margin can be up to what you have in the bank.

Yes, there is, tell companies to lower their prices or shop elsewhere.
Instead, republicans blame Biden, for a global issue.

Sure.
"On January 20, 2021, Biden signed an executive order directing the federal government to review and rescind President Trump's policies that made the United States energy independent".

The US was NEVER "energy independent".
The rest is BS too.

We were a net exporter of oil, that is the definition of energy independent.