- Sep 28, 2010
- Reaction score
In May 2019 ave gas price was nearly 3 dollars. and it fell to nearly 2 dollars in a year.We had cheap gas when Trump was POTUS. Hell it was 1.50 or less. Now, under your boy Biden its 2.85 or higher. With his try at ending drilling for oil on Fed land and his wanting to end fracking he hasn't done America any favors.I believe the point was that it *could* result in contraction of the domestic production possibilities curve in the future for those commodities, which is true, however given that the market isn't as simple as some apparently believe it doesn't necessarily entail corresponding price increases, for example we import crude oil, refine it and then turn around and export the refined products, contraction of the domestic crude oil PPC might involve reducing such exports to meet domestic demand.The pause for review on new leases did not cause a drop in production on federal lands.
7% in 2020 (on a downward sloping trend line).Saudi Arabia accounts for less than 10 % of our petroleum imports.
BlindBoob want's to keep funding terrorist supporting and oppressive governments and not develop energy domestically. He's a dick that way.
But in his defense, BlindBoob realizes that terrorist supporting and oppressive government's aren't on the earth as we are and drilling oil there and shipping it across oceans doesn't affect our environment.
Arguing with leftists is always an experience in stupid
You want cheap gasoline at any price? Then nationalize the US oil industry. We have the highest lift costs in the world. Our domestic producers have to make a profit or go out of business.
Hell when I was a kid gas was 19 cents a gallon. The supposed oil shortage in the 70's ended that.