The gasoline price panic

[WEATHER53]

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

Breathlessly watching and wishing for ruination as oil hits 100 for a few minutes before retreating
You belong in another land. Try Iran

 

[Zincwarrior]

Breathlessly watching and wishing for ruination as oil hits 100 for a few minutes before retreating
You belong in another land. Try Iran

You first Russobot.

 

[WEATHER53]

You first Russobot.

Try to formulate you own response rather than copying someone else’s

 

[Zincwarrior]

Try to formulate you own response rather than copying someone else’s

Ok Bob. Inflation is up. Gas prices are up. We are burning almost a billion a day. Deficits are exploding.

Midterms are going to be awesome.

 

[JWBooth]

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.

Thank you Jimmy Carter.

 

[WEATHER53]

Thank you Jimmy Carter.

Jimmy was 45 years ago at the dawn of Iranian state sponsored terrorism. Those days are ending and lib loons are sad and mad about it

 

[Toddsterpatriot]

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 point I'm making is OPEC didn't cut output for 2 years.
OPEC's deal with Trump isn't to blame for Biden's failures.

 

[Toddsterpatriot]

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.

The Shah was so much better than the mullahs.

 

[Toddsterpatriot]

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.

Yeah, more nuclear power would be a great idea.

 

[struth]

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

Nope the driver was electing Joey Xiden who said was going to kill the fossil fuel industry and on his first day directed EO to do just that

Biden’s Burdensome Regulations are Shutting Down American Refineries

The Committee on Energy and Commerce is the oldest standing legislative committee in the U.S. House of Representatives and is vested with the broadest jurisdiction of any congressional authorizing committee.

energycommerce.house.gov

OPAC slowed production because there wasn’t high demand in the middle of Covid layoffs

Two years later it was all xiden’s regulations

 

[struth]

Prove it.

 

[WEATHER53]

The Shah was so much better than the mullahs.

The Shah kept the lid on He was brutal to those who opposed him like the 15th century clerics who want the stone ages.
Unfortunately a huge lie was well circulated that he was brutal to everyone .
His supporters loved him in reality. The mullahs feared him and behaved and the deposing of the Shah was one of worst global influencing occurrences of last 45+ years.

 

[SweetTea]

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

Who says they didn't know? I can assure you the military knew and it was mentioned. The question is was it worth a little higher gas prices for a bit to rid the threat of Iran. To people who can think beyond the moment, the answer is a resounding yes.

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

Nobody was scared of Biden. They knew they could easily get away with it.

 

[Zincwarrior]

Who says they didn't know? I can assure you the military knew and it was mentioned. The question is was it worth a little higher gas prices for a bit to rid the threat of Iran. To people who can think beyond the moment, the answer is a resounding yes.



Nobody was scared of Biden. They knew they could easily get away with it.

The military advised but Trump didn't care thinking it would be another Venezuela. Now the entire ME is on fire.

 

[SweetTea]

The military advised but Trump didn't care thinking it would be another Venezuela. Now the entire ME is on fire.

Again, worth it if the threat of Iran and their terrorist proxies are removed. I guess we could have given them another few billion in exchange for another pinky swear, but that somehow seems like the wrong move.

 

[Zincwarrior]

Again, worth it if the threat of Iran and their terrorist proxies are removed.

Gabbard testified they are getting stronger, not weaker, so no.

I guess we could have given them another few billion in exchange for another pinky swear, but that somehow seems like the wrong move.

Or we could not be fighting Saudi Arabia's war. We are 7,000 miles away.

 

[Marener]

Who says they didn't know? I can assure you the military knew and it was mentioned. The question is was it worth a little higher gas prices for a bit to rid the threat of Iran. To people who can think beyond the moment, the answer is a resounding yes.

I didn’t say anything about the military, I said Trump. We have no way of knowing what information gets to him or more importantly what he actually listens to.

It seems apparent we weren’t prepared for this.

As for what we get out of it and whether it’s worth it, there is no answer. Certainly not yet.

Nobody was scared of Biden. They knew they could easily get away with it.

He didn’t get away with it. Biden did exactly what he said and more.

 

[SweetTea]

It seems apparent we weren’t prepared for this.

Why is that? The strait will be open again soon. This conflict is very short lived. Patience.

We weren't prepared for the Afghanistan withdrawal but you will defend that debacle till your last breath.

He didn’t get away with it. Biden did exactly what he said and more.

Yeah, he sure scared them. Putin knew that Biden was feckless. Their foreign policy was very limp wristed at best.

 

[Zincwarrior]

Why is that? The strait will be open again soon. This conflict is very short lived. Patience.

We weren't prepared for the Afghanistan withdrawal but you will defend that debacle till your last breath.



Yeah, he sure scared them. Putin knew that Biden was feckless. Their foreign policy was very limp wristed at best.

Wow we heard that shit before!

 

[Marener]

Why is that? The strait will be open again soon. This conflict is very short lived. Patience.

If it were short lived, we wouldn’t be needing to be patient.

When will it be open? Nobody knows. Is the navy escorting ships? No because they’re not ready to do so. Maybe they won’t ever escort them. Nobody knows what the plan is or when it’s going to happen.

The messaging around this is totally screwed up. Everyone’s confused and no one knows what to think.

We weren't prepared for the Afghanistan withdrawal but you will defend that debacle till your last breath.

Yeah, he sure scared them. Putin knew that Biden was feckless. Their foreign policy was very limp wristed at best.

Nobody knows exactly what Putin thought but it’s clear he didn’t expect to be fighting the war four years later. Biden was quite effective at marshaling international coalition to assist without risking Americans.