Thank you Joe Biden for lower gas prices.

Faun said:
And they're still sitting on over 9000 permits... not leases.
Click to expand...
Average gas prices recently passed $5 per gallon nationwide, setting a new record. This is bad news for workers' budgets, and since it's happening under President Joe Biden’s watch, it's bad news for the Democratic Party’s electoral prospects.

The White House has tried to deflect blame for the insane surge in gas prices onto Russian President Vladimir Putin’s invasion of Ukraine. And, to be fair, gas prices are definitely not completely within any president’s control. They absolutely are influenced by global factors, and the disruption in the global energy market caused by Putin’s invasion certainly has contributed to higher prices.

But Biden isn’t off the hook. Gas prices started rising long before the invasion, and the president still has direct responsibility for how his policies have contributed to this problem.

Here are three specific things Biden has done that have led to increased gas prices.

1. Canceling Drilling Leases and Limiting Domestic Production​

Since taking office, Biden has taken too many steps to count to limit domestic production. These include halting federal permits for oil and gas drilling and leasing shortly after taking office and blocking drilling in a major oil-rich Alaskan region.

To be clear, these decisions will mostly affect future production. But that does still significantly affect gas prices because companies factor in their expectations about the future into the decisions they make today.

“Some say that new leases … would have taken time and would not yet be online, but even so, there is evidence that expectations of increased future supply has a beneficial impact on current prices and expectations of future supply drying up has a negative impact on current prices,” the Competitive Enterprise Institute’s Ben Lieberman said.

“At a day-to-day level, I am hearing from drillers that they are having a very hard time getting all the approvals they need from [the Environmental Protection Agency] and other agencies in order to produce on existing wells, and of course, new federal leasing has come to a halt,” Lieberman added.

It’s just basic economics that when the government throttles future supply in an industry, that will lead to higher prices both now and in the future. Biden was warned by many critics at the time that this would happen, but he proceeded anyway.

2. Choking Regulations that Impose Big Costs and Lead to Higher Prices​

Speaking of basic economics, it’s well established that when businesses’ costs rise, that puts upward pressure on the prices they charge consumers. The oil and gas industry is no exception.



And unfortunately, the Biden administration has both proposed and implemented a wide array of regulations on the energy sector, inflicting billions in direct financial costs and incalculable indirect compliance costs — plus further harming expectations for the future.

“The regulatory chokehold imposed by the Biden administration on oil production in place of a Green New Deal has drastically raised gasoline prices, thereby hurting lower-income people the most,” said conservative economist Vance Ginn, who served in the Trump administration.

“This is yet another example of the high cost of big-government environmentalism when the better approach is to remove government barriers so that free markets can better let people adapt to changes in the environment at a much lower cost,” Ginn concluded.

3. Anti-Energy Rhetoric that Discourages Investment​

Rhetoric matters. While words don’t literally do anything to change gas prices, the signals coming from policymakers absolutely do affect the long-term investment decisions businesses make.

And even as a presidential candidate, Biden sent very negative messages about what his leadership would mean for the gas industry.

In just one example, as Americans for Tax Reform pointed out, Biden said during a campaign stop: “We are going to get rid of fossil fuels. … We’re going to phase out fossil fuels.” Then, upon taking office, the president followed these words with actions such as canceling the Keystone XL pipeline, blocking leases, restricting imports, and pursuing regulations.

In general, Biden’s open hostility toward the oil and gas industry has almost certainly curbed investment into production that otherwise would’ve occurred.

“Such extinction rhetoric, coming from the now-president, has an unprecedented chilling effect on investment,” Lieberman said. To put it simply, less investment means less supply — which means higher prices.

It’s absolutely true that our high gas prices aren’t entirely Biden’s fault. But the president is not the helpless bystander his defenders would have you believe.
 
Heating oil around double from last year at $5.00 and diesel at around $5. Middle class Americans freeze this winter while staples rise 10% this holiday season. Thank you Brandon.
 
Indeependent said:
It's sort of like CostCo; you're in luck if they have the item.
Click to expand...

Uh, no, they're nothing like Costco. They're a regular supermarket. No membershio and shelves are stocked with the same inventory all the time, with an occasional seasonal deal like they turkey we devoured.
 
Uncensored2008 said:
LOL

It's a flash sale, they weren't on sale last week. 24 hours is how long most flash sales last.
Click to expand...

Retard, my wife bought it last week and cooked it up on Saturday. Don't think you know better than me.
 
Rambunctious said:
Average gas prices recently passed $5 per gallon nationwide, setting a new record. This is bad news for workers' budgets, and since it's happening under President Joe Biden’s watch, it's bad news for the Democratic Party’s electoral prospects.

The White House has tried to deflect blame for the insane surge in gas prices onto Russian President Vladimir Putin’s invasion of Ukraine. And, to be fair, gas prices are definitely not completely within any president’s control. They absolutely are influenced by global factors, and the disruption in the global energy market caused by Putin’s invasion certainly has contributed to higher prices.

But Biden isn’t off the hook. Gas prices started rising long before the invasion, and the president still has direct responsibility for how his policies have contributed to this problem.

Here are three specific things Biden has done that have led to increased gas prices.

1. Canceling Drilling Leases and Limiting Domestic Production​

Since taking office, Biden has taken too many steps to count to limit domestic production. These include halting federal permits for oil and gas drilling and leasing shortly after taking office and blocking drilling in a major oil-rich Alaskan region.

To be clear, these decisions will mostly affect future production. But that does still significantly affect gas prices because companies factor in their expectations about the future into the decisions they make today.

“Some say that new leases … would have taken time and would not yet be online, but even so, there is evidence that expectations of increased future supply has a beneficial impact on current prices and expectations of future supply drying up has a negative impact on current prices,” the Competitive Enterprise Institute’s Ben Lieberman said.

“At a day-to-day level, I am hearing from drillers that they are having a very hard time getting all the approvals they need from [the Environmental Protection Agency] and other agencies in order to produce on existing wells, and of course, new federal leasing has come to a halt,” Lieberman added.

It’s just basic economics that when the government throttles future supply in an industry, that will lead to higher prices both now and in the future. Biden was warned by many critics at the time that this would happen, but he proceeded anyway.

2. Choking Regulations that Impose Big Costs and Lead to Higher Prices​

Speaking of basic economics, it’s well established that when businesses’ costs rise, that puts upward pressure on the prices they charge consumers. The oil and gas industry is no exception.



And unfortunately, the Biden administration has both proposed and implemented a wide array of regulations on the energy sector, inflicting billions in direct financial costs and incalculable indirect compliance costs — plus further harming expectations for the future.

“The regulatory chokehold imposed by the Biden administration on oil production in place of a Green New Deal has drastically raised gasoline prices, thereby hurting lower-income people the most,” said conservative economist Vance Ginn, who served in the Trump administration.

“This is yet another example of the high cost of big-government environmentalism when the better approach is to remove government barriers so that free markets can better let people adapt to changes in the environment at a much lower cost,” Ginn concluded.

3. Anti-Energy Rhetoric that Discourages Investment​

Rhetoric matters. While words don’t literally do anything to change gas prices, the signals coming from policymakers absolutely do affect the long-term investment decisions businesses make.

And even as a presidential candidate, Biden sent very negative messages about what his leadership would mean for the gas industry.

In just one example, as Americans for Tax Reform pointed out, Biden said during a campaign stop: “We are going to get rid of fossil fuels. … We’re going to phase out fossil fuels.” Then, upon taking office, the president followed these words with actions such as canceling the Keystone XL pipeline, blocking leases, restricting imports, and pursuing regulations.

In general, Biden’s open hostility toward the oil and gas industry has almost certainly curbed investment into production that otherwise would’ve occurred.

“Such extinction rhetoric, coming from the now-president, has an unprecedented chilling effect on investment,” Lieberman said. To put it simply, less investment means less supply — which means higher prices.

It’s absolutely true that our high gas prices aren’t entirely Biden’s fault. But the president is not the helpless bystander his defenders would have you believe.
Click to expand...
The argument about “unused” leases is a red herring, a smokescreen for energy policies that have had a hamstringing effect on the world’s leading producer of natural gas and oil. It suggests American producers have been motivated by a desire to manipulate the market during the current crisis in Europe. This is false. American oil and gas producers are able and willing to do their part to support American energy leadership, including providing energy that can help allies abroad.

Ultimately, energy policies affect the energy investment climate. Specifically, they impact the ability of producers – typically accountable to shareholders – to take the risks involved in spending billions of dollars to find and develop oil and gas. Mischaracterizing the way federal leases work does not help foster new investment and risk-taking.
 
bigrebnc1775 said:
The argument about “unused” leases is a red herring, a smokescreen for energy policies that have had a hamstringing effect on the world’s leading producer of natural gas and oil. It suggests American producers have been motivated by a desire to manipulate the market during the current crisis in Europe. This is false. American oil and gas producers are able and willing to do their part to support American energy leadership, including providing energy that can help allies abroad.

Ultimately, energy policies affect the energy investment climate. Specifically, they impact the ability of producers – typically accountable to shareholders – to take the risks involved in spending billions of dollars to find and develop oil and gas. Mischaracterizing the way federal leases work does not help foster new investment and risk-taking.
Click to expand...
100% correct....
 
Faun said:
Uh, no, they're nothing like Costco. They're a regular supermarket. No membershio and shelves are stocked with the same inventory all the time, with an occasional seasonal deal like they turkey we devoured.
Click to expand...
True, but I save a fortune by stocking up 6 months worth of inventory; I hate shopping in the winter.
 
Rambunctious said:
100% correct....
Click to expand...

404 Page Not Found

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 www.api.org
 
www.heritage.org

Biden’s Radical, Anti-Fossil Fuel Energy Policy Costs Americans Dearly

There’s a popular genre of fiction books and TV programs that explore what the world might have been like if history had taken a different twist. What if Julius Caesar never crossed the Rubicon? What if Napoleon won at Waterloo? What if the Allies lost the Great War? And what might gasoline...
www.heritage.org www.heritage.org

To date, Biden is the only president in modern history not to have held a single oil and gas lease sale on federal lands despite clear direction from Congress to do so quarterly.
 
bigrebnc1775 said:
The argument about “unused” leases is a red herring, a smokescreen for energy policies that have had a hamstringing effect on the world’s leading producer of natural gas and oil. It suggests American producers have been motivated by a desire to manipulate the market during the current crisis in Europe. This is false. American oil and gas producers are able and willing to do their part to support American energy leadership, including providing energy that can help allies abroad.
Click to expand...
Like Enron?
 
15th post
SavannahMann said:
I had to gas up today. And I was pleasantly surprised to see the Gas much lower this week when it is traditionally much higher.

View attachment 729618

The tree blocks the top text. But that is the club price for those who use the chain stores card to get the gas.

But even without it the price is lower than it has been in a while. So thank you Joe Biden.

I mean we blame him if prices are high we have to give him credit for prices dropping don’t we?
Click to expand...
Still $1.29 higher than it was when he took office.
Also....Diesel is still over $6....so we're paying thru the ass for groceries.
 
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