Gas prices $2.60 near me - Righty narratives flop

It has been explained MANY times.

OPEC+, the oil deal trumped signed where the Foreign oil production was reduced, then when Demand went up after COVID, supply was LOWER than during COVID.
ECON101.
OPEC plus wasn’t an oil deal trump signed

You just keep making things up.

It went up under harris and xiden because they literally campaigned on destroyed the fossil fuel industry

It was their plan to drive up cosr
 
OPEC plus wasn’t an oil deal trump signed

You just keep making things up.

It went up under harris and xiden because they literally campaigned on destroyed the fossil fuel industry

It was their plan to drive up cosr
Dear Lord.
It was in FACT a trump Deal.
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OPEC Plus is an organization not a deal
Don't be so obtuse and accept the facts.


In 2016, largely in response to dramatically falling oil prices driven by significant increases in U.S. shale oil output, OPEC signed an agreement with 10 other oil-producing countries to create what is now known as OPEC+. Among these 10 countries was the world’s third-largest oil producer in 2022, Russia, which produced 13% of the world total (10.3 million barrels per day [b/d]).
 
Don't be so obtuse and accept the facts.


In 2016, largely in response to dramatically falling oil prices driven by significant increases in U.S. shale oil output, OPEC signed an agreement with 10 other oil-producing countries to create what is now known as OPEC+. Among these 10 countries was the world’s third-largest oil producer in 2022, Russia, which produced 13% of the world total (10.3 million barrels per day [b/d]).
Your link says what I said OPEC plus is an organization
 
In 2016, largely in response to dramatically falling oil prices driven by significant increases in U.S. shale oil output, OPEC signed an agreement with 10 other oil-producing countries to create what is now known as OPEC+. Among these 10 countries was the world’s third-largest oil producer in 2022, Russia, which produced 13% of the world total (10.3 million barrels per day [b/d]).

Your link says what I said OPEC plus is an organization
Denial is STRONG with you.

OPEC signed an agreement with 10 other oil-producing countries to create what is now known as OPEC+.
 
Are you actually trying to say that COVID had no effect on low gas prices in April 2020, and a few months later?

FACTS for You: During COVID, demand for gas went way down, thus Supply was greater than Demand, and now go check an Econ101 textbook.
Joe screwed things up. He may have a reputation as a moderate dem he ended up being a Communist with legislation that Sanders would not have achieved. If you guys were not so arrogant and obnoxious, we all would be somewhat better off today.
 
Denial is STRONG with you.

OPEC signed an agreement with 10 other oil-producing countries to create what is now known as OPEC+.
Yes they signed an agreement to be come through organization. OPEC Plus

Trump had nothing to do with it

You claimed OPEC Plus was a deal Trump signed

It’s not, it’s an organization that has nothing to do with trump
 
Low oil prices came about over Covid.




Which is fine but prices can only go so low because of fundamentals.

Saudi's were over-producing years before COVID came along.


And one of the fundamentals is that prices can only go so low before CEO's get their butts tossed. During the last decade the growth in value of oil company stocks lagged by half compared to the market overall. Heads of these companies needed to get profits up after 10 years of falling behind other options investors had on where they put their money.
 
Saudi's were over-producing years before COVID came along.


And one of the fundamentals is that prices can only go so low before CEO's get their butts tossed. During the last decade the growth in value of oil company stocks lagged by half compared to the market overall. Heads of these companies needed to get profits up after 10 years of falling behind other options investors had on where they put their money.

I noted quite a few times it can only go so low.
 
He LEFT Trump with low gas prices


2016- $2.06
2017- $ 2.49
He did, those were pretty good prices. Glad they came down from the highs he created…of course he was out done by Harris and Xiden in that department
 
He did, those were pretty good prices. Glad they came down from the highs he created…of course he was out done by Harris and Xiden in that department
Partisan troll

Go away
 
Just curious:

Should an American president encourage the Saudi's to produce more in order to lower oil prices at the expense of American oil industry and its workers?

And what about that 1/10th of a penny they knock off gas prices ($3.149), does it seem ridiculous to you, too?
That 1/10 of a penny when they started the practice likely is worth around 1/100th of a cent in today's dollars.
 
OPEC plus wasn’t an oil deal trump signed

You just keep making things up.

It went up under harris and xiden because they literally campaigned on destroyed the fossil fuel industry

It was their plan to drive up cosr
a-big-reason-for-how-we-got-here-v0-vnf85yk2ab0e1.png
 
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