The gasoline price panic

[Zincwarrior]

Transitory

Like respiration.

 

[Toddsterpatriot]

Right, trump agreed to OPEC+, this is a fact, a 2-year agreement to reduce production.
This agreement was a trap to **** trump over for his previous actions.
The Saudis were making so much money, that when biden asked them to increase production, they didn't.


Because doing so would:

1. Lower oil prices
2. Reduce their revenue
3. Break OPEC+ discipline
4. Undermine their long-term market control

---

Bottom line​

OPEC+ isn’t trying to maximize supply—it’s trying to manage scarcity for profit and stability.

And Saudi Arabia didn’t refuse the U.S. out of spite—they refused because:

Right, trump agreed to OPEC+, this is a fact, a 2-year agreement to reduce production.

Trump's agreement forced OPEC to cut their production every month, from 21.5 million barrels a day in April 2020
all the way down to 30.1 million barrels a day in August 2022.

Biden was helpless in the face of the relentless production cuts. 8.6 mbd less than...umm...err...

I guess that was 8.6 million barrels more a day. Sneaky Trump, causing Biden's massive failure by
getting OPEC to produce 40% more oil. DURR

 

[Zincwarrior]

Inflation is 2.4 percent, irs down since Trump took office

That was last year.

 

[struth]

That was last year.

Try again dembot

United States Inflation Rate

Inflation Rate in the United States remained unchanged at 2.40 percent in February. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

 

[drudge X]

Like respiration.

lol… you guys defended the Biden transitory excuse for four years.

 

[MisterBeale]

$101 a barrel now.

Any intelligent person that saw this thread would have immediately known it was jumping the gun and that it wasn't going to age well.


With each passing day, this thread becomes more and more absurd and disconnected from reality.

 

[Winco]

Right, trump agreed to OPEC+, this is a fact, a 2-year agreement to reduce production.

View attachment 1236027

Trump's agreement forced OPEC to cut their production every month, from 21.5 million barrels a day in April 2020
all the way down to 30.1 million barrels a day in August 2022.

Biden was helpless in the face of the relentless production cuts. 8.6 mbd less than...umm...err...

I guess that was 8.6 million barrels more a day. Sneaky Trump, causing Biden's massive failure by
getting OPEC to produce 40% more oil. DURR

Proving that you manipulate data by searching OPEC and NOT OPEC+.

Simple way to remember​

• OPEC = core oil cartel
• OPEC+ = cartel + allies (especially Russia)

---

Bottom line​

Yes, there’s a clear difference:

• OPEC production = smaller group, narrower scope
• OPEC+ production = broader coalition, more important for global oil prices

 

[struth]

Right, trump agreed to OPEC+, this is a fact, a 2-year agreement to reduce production.

View attachment 1236027

Trump's agreement forced OPEC to cut their production every month, from 21.5 million barrels a day in April 2020
all the way down to 30.1 million barrels a day in August 2022.

Biden was helpless in the face of the relentless production cuts. 8.6 mbd less than...umm...err...

I guess that was 8.6 million barrels more a day. Sneaky Trump, causing Biden's massive failure by
getting OPEC to produce 40% more oil. DURR

30.1 millon is more then 21,5 so how was that a cut down?

You are right xiden was helpless

 

[Zincwarrior]

Try again dembot

United States Inflation Rate

Inflation Rate in the United States remained unchanged at 2.40 percent in February. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

tradingeconomics.com

Oil is up 50% moron.

 

[Leo123]

Gas prices were low during the COVID pandemic because demand had fallen off a cliff.

Demand rose under Biden because we were coming out of the pandemic. Production increases big couldn’t respond as fast as demand increased so there was a transitory spike in prices until demand caught up.

It had little to do with anything Biden did or didn’t do.

When Biden left office, gas was like $3 a gallon. It’s significantly higher now.

Under Biden, gas prices peaked at $5 a gallon. We were not at war and the only reason was Biden's misguided 'no more fossil fuel' policies.

 

[Zincwarrior]

Under Biden, gas prices peaked at $5 a gallon. We were not at war and the only reason was Biden's misguided 'no more fossil fuel' policies.

Biden lost.

 

[struth]

Oil is up 50% moron.

Yoh said inflation was up. You lied

Oil is up, no doubt, maybe you missed it but Iran is causing some issues

 

[Leo123]

Biden lost.

Yeah because he screwed US for no reason other than supporting his radical greenies. You missed the point......again.

 

[Toddsterpatriot]

Proving that you manipulate data by searching OPEC and NOT OPEC+.

Simple way to remember​

• OPEC = core oil cartel
• OPEC+ = cartel + allies (especially Russia)

---

Bottom line​

Yes, there’s a clear difference:

• OPEC production = smaller group, narrower scope
• OPEC+ production = broader coalition, more important for global oil prices

If you can find a chart for OPEC+ from 2020 to 2023 that shows they cut production for 2 years,
I'd be thrilled to see the evidence that supports your claim.

 

[Zincwarrior]

Yoh said inflation was up. You lied

Oil is up, no doubt, maybe you missed it but Iran is causing some issues

It is up. Its at 3% and climbing. The Fed is now contemplating rate HIKES. Slack jawed cult moron

 

[Zincwarrior]

Yeah because he screwed US for no reason other than supporting his radical greenies. You missed the point......again.

And he lost. Midterms are coming.

 

[drudge X]

It is up. Its at 3% and climbing. The Fed is now contemplating rate HIKES. Slack jawed cult moron

There is no inflation. Transitory

 

[Winco]

If you can find a chart for OPEC+ from 2020 to 2023 that shows they cut production for 2 years,
I'd be thrilled to see the evidence that supports your claim.

How do you NOT already KNOW this?

 

[Zincwarrior]

There is no inflation. Transitory

Well, we humans are paying more. I don't know what you AI bots are doing.

 

[drudge X]

Well, we humans are paying more. I don't know what you AI bots are doing.

Same bots the Biden administration were using for four years