The gasoline price panic

[SweetTea]

There’s no denying that Trump is at fault for current oil prices. Trump and Trump alone.

I think Iran may have something to do with it.

That and the Ukraine war.

Maybe five would have done something other than say "don't" that could have been avoided.

 

[Marener]

I think Iran may have something to do with it.

It doesn’t take a genius to know that Trump decided to start the war, apparently not fully considering the consequences.

You just have to be outside the MAGA cult.

Maybe five would have done something other than say "don't" that could have been avoided.

He did more than that. Clear threats and consequences were expressed before the invasion. Putin didn’t care.

That said, failing to prevent something is different than actually doing something.

 

[struth]

"Xiden" made no such statement.

You made it up.......again.

Nope he said it right after he was elected and once again in late 2021

You are just grossly misinformed

 

[citygator]

Right. Not responsible for the 2022 price surge. And not a 2-year cut of 9 million barrels a day.

The price surge happened because OPEC cut production in 2020 and it didnt catch up until 2022 when the world reopened from covid. The US was pumping record oil so I am not sure what point you think you are making.

You can see the relationship below:

 

[struth]

The price surge happened because OPEC cut production in 2020 and it didnt catch up until 2022 when the world reopened from covid. The US was pumping record oil so I am not sure what point you think you are making.

You can see the relationship below:

View attachment 1232373

The price surge happened in 2022 because xiden and the demafacist war on the working class

 

[citygator]

The price surge happened in 2022 because xiden and the demafacist war on the working class

Not a prayer. Let me show you exactly the chart again.

 

[rightwinger]

Interesting take. So because of covid under Trump and people not driving resulted in low gas prices. Yet, the same covid under Biden lead to high gas prices but leftists said because of covid.

Can you guys at least put some effort when you lie?

People not driving lasted three months from March 2020 to June 2020
Trump was President at the time

 

[JWBooth]

Iran started it 50 years ago and we lacked resolve until now

Your Jimmy Carter slip is showing.
“That’s ancient history, and I don’t think it’s appropriate or helpful for me to go into the propriety of something that happened 30 years ago.”
Jimmy Carter, February 13, 1980

Get it right, Dwight Eisenhower and Kermit Roosevelt started it in 1953 with the CIA coup that removed the democratically elected government and installed a tyrant as murderous as Saddam Hussein.

 

[citygator]

How are we feeling about gas prices going into they summer months?

 

[late]

Not a prayer. Let me show you exactly the chart again.

View attachment 1232379

He can't read a chart.

 

[struth]

Not a prayer. Let me show you exactly the chart again.

View attachment 1232379

What part of that chart don’t you get? Who was in office in 2022 and 2021 leading yo the five dollar a gallon gas?

 

[citygator]

What part of that chart don’t you get? Who was in office in 2022 and 2021 leading yo the five dollar a gallon gas?

The driver was the OPEC oil reduction. Who negotiated that? You’re like a kindergartener.

 

[kevinthrowe]

That libs swore by to cripple America by end of last week. And then requested their posts deleted when the panic ruse failed .
What are the gas prices in your area? Around DC generally $3.27 to $3.59. That’s up some but the bloom faded fast on the panic bush push

$3.79 in ohio

 

[kevinthrowe]

The driver was the OPEC oil reduction. Who negotiated that? You’re like a kindergartener.

Recall that that was the year Exxon made $55 billion in profit

 

[TimFitz]

Iran started it 50 years ago and we lacked resolve until now

The United States started it almost 80 years ago.

 

[TimFitz]

Nope he said it right after he was elected and once again in late 2021

You are just grossly misinformed

Prove it.

 

[JWBooth]

Just a moment ago.

RBOB is the future’s contract price on blended regular gasoline by the gallon. Not the pump price.

 

[Zincwarrior]

TDS preempts that ability

WTI officially went over $100 a barrel. Stock market fell 770 points.

 

[TimFitz]

The driver was the OPEC oil reduction. Who negotiated that? You’re like a kindergartener.

Nobody did.

The world was awash in oil in 1985, and Saudi Arabia had been reducing production in order to keep the cartel price up.

Venezzuela, Mexico and Nigeria, routinely ignore their production quotas and flooded the market, undermining OPEC.

A big driver was a flattening out of growth in demand for gasoline in the United States, due to the CAFE standards, which nearly doubled the gas milage of the American passenger fleet in the decade that preceeded it.

In the Spring of 1985. Saudi Arabia increased production and the cartel price collapsed.

No one negotiated anything. The marketplace took care of it.

That will happen again once the Fool in the White House figures out how to declare fake victory and quit the war he started.

And, the level of investments in renewables will increase.

After all, only fools would rather send their sons to war for oil, when they can send their sons to research universities in search of the future.

 

[WEATHER53]

The United States started it almost 80 years ago.

There were a lot of things going on 75+ years ago that have Zero to do with today except for excuse making from the feckless.