Trump Orders Investigation Into Price Gouging

[EdwinAMartin]

Trump says he’s ordered investigation into oil companies over alleged price gouging

Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflict

www.theguardian.com

Donald Trump said on Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, accusing them of not lowering gas prices enough amid conflict in the Middle East.

“The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil. Those prices are dropping like a rock! In other words, customers are being ‘gouged.’ I have instructed the DOJ to immediately start looking into this,” Trump wrote in a social media post late on Tuesday night. “Gasoline prices better start going down a lot faster than what I’m seeing!”

Oh my, he must be against business n stuff, at least according to the right wingers who got all butthurt over my pointing out supply and demand here in the US didn't change one iota.

They need to stop plundering and looting the people and domestic economy every time some Arab says 'boo' and blaming fake shortages, and not just over oil, but every other commodity critical to our economy and run by monopolies.

 

[Chuz Life]

Trump says he’s ordered investigation into oil companies over alleged price gouging

Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflict

www.theguardian.com

Donald Trump said on Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, accusing them of not lowering gas prices enough amid conflict in the Middle East.

“The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil. Those prices are dropping like a rock! In other words, customers are being ‘gouged.’ I have instructed the DOJ to immediately start looking into this,” Trump wrote in a social media post late on Tuesday night. “Gasoline prices better start going down a lot faster than what I’m seeing!”

Oh my, he must be against business n stuff, at least according to the right wingers who got all butthurt over my pointing out supply and demand here in the US didn't
change one iota.

How many threads do we need on this?

 

[Blaster]

How many threads do we need on this?

None

 

[EdwinAMartin]

How many threads do we need on this?

I checked and didn't see any.

About 50 would do.

 

[Chuz Life]

I checked and didn't see any.

About 50 would do.

Not even 49 more threads on this are not going to negate Trump's point that gouging is taking place.

Trump knows that the prices were needlessly increased as a reaction to the Iran situation in the first place.

So, absolutely, he knows there is no reason or justification to keep prices high, now that the Strait is open.,

"Market forces" are real and neither Trump nor anyone else denies them. . . but there is a point where the reaction to market forces becomes unrealistic, and that is what Trump is rightfully calling it what it is.

Gouging.

 

[EdwinAMartin]

Not even 49 more threads on this are not going to negate Trump's point that gouging is taking place.

Trump knows that the prices were needlessly increased as a reaction to the Iran situation in the first place.

So, absolutely, he knows there is no reason or justification to keep prices high, now that the Strait is open.,

"Market forces" are real and neither Trump nor anyone else denies them. . . but there is a point where the reaction to market forces becomes unrealistic, and that is what Trump is rightfully calling it what it is.

Gouging.

There are no 'free markets', there are cartels that control every commodity worth anything. Oil companies proved it for weeks recently. There was no shortage here, and production was stable; the supply and demand remained the same here in the US.

 

[Zincwarrior]

Trump says he’s ordered investigation into oil companies over alleged price gouging

Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflict

www.theguardian.com

Donald Trump said on Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, accusing them of not lowering gas prices enough amid conflict in the Middle East.

“The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil. Those prices are dropping like a rock! In other words, customers are being ‘gouged.’ I have instructed the DOJ to immediately start looking into this,” Trump wrote in a social media post late on Tuesday night. “Gasoline prices better start going down a lot faster than what I’m seeing!”

Oh my, he must be against business n stuff, at least according to the right wingers who got all butthurt over my pointing out supply and demand here in the US didn't change one iota.

They need to stop plundering and looting the people and domestic economy every time some Arab says 'boo' and blaming fake shortages, and not just over oil, but every other commodity critical to our economy and run by monopolies.

Sounds Like Elizabeth Warren.

 

[EdwinAMartin]

Sounds Like Elizabeth Warren.

Big multi-nationals are not out friend, and they love them some Red Chinese Cadre. They hate free markets, and have never supported them at any time in our history.

 

[citygator]

Trump says he’s ordered investigation into oil companies over alleged price gouging

Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflict

www.theguardian.com

Donald Trump said on Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, accusing them of not lowering gas prices enough amid conflict in the Middle East.

“The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil. Those prices are dropping like a rock! In other words, customers are being ‘gouged.’ I have instructed the DOJ to immediately start looking into this,” Trump wrote in a social media post late on Tuesday night. “Gasoline prices better start going down a lot faster than what I’m seeing!”

Oh my, he must be against business n stuff, at least according to the right wingers who got all butthurt over my pointing out supply and demand here in the US didn't change one iota.

They need to stop plundering and looting the people and domestic economy every time some Arab says 'boo' and blaming fake shortages, and not just over oil, but every other commodity critical to our economy and run by monopolies.

The right wing loons were incensed when Biden suggested it. You cant make up the right’s disingenuous positions based simply on whether the candidate is racist enough for them.

Thread 'Biden mocks 'sensitive' Chevron CEO Michael Wirth in spat over gas price claims...Biden will address the nation today at 2ET on subject of gas prices'

Jun 22, 2022

Biden just called out Big Oil after Chevron’s CEO said Biden is “vilifying” oil companies for calling out their price gouging— Biden said they are “getting their feelings hurt”: “This idea that they don’t have oil to drill and bring up is simply not true.”

Biden mocks ‘sensitive’ Chevron CEO Michael Wirth in spat over gas price claims

President Biden escalated tensions with Chevron CEO Michael Wirth after the oil company rejected the president’s “political rhetoric.”

nypost.com

• basquebromance
• Replies: 25
• Forum: Politics

• 

Thread 'Biden Loosing Mental Control. Making Threats'

Nov 1, 2022

I can't believe what I am seeing. Joe Biden threatens the oil companies in loony tirade.

Quote: With gas prices still elevated, and an expensive winter ahead, Biden says he’s ready to force these oil companies to act.

This is the rantings of a dictator who thinks he is in total control of the means of production. He is making threats to go after these companies as if we are at war and using war powers to punish them. This guy has lost his damn marbles. He takes no responsibility for his own actions and policies that are driving this cluster F***.

'They ain't seen...

• Billy_Bob
• Replies: 158
• Forum: Current Events

• 
• 
• 

H

Thread 'So Biden NOW blames mom-pop gas station owners as price gouging..'

Jun 26, 2022

Biden accused of demonizing mom-and-pop gas station owners while Fed chair contradicts 'Putin' excuse​

Later Wednesday, Biden admonished service station owners, saying "this is a time of war [and] global peril."
"To the companies running gas stations and setting those prices at the pump… bring down the price you are charging at the pump to reflect the cost you are paying for the product," he said.

Biden accused of demonizing mom-and-pop gas station owners while Fed chair contradicts 'Putin' excuse

Brian Kilmeade and the panel on "The Five" sounded off Wednesday on President Biden's continued confrontations with the oil and gas industry, as prices soar.

www.foxnews.com

So how many gas stations owned by mom-and-pops?
More than 60% of convenience stores are...

• healthmyths
• Replies: 9
• Forum: Politics

• 

 

[Oddball]

Trump says he’s ordered investigation into oil companies over alleged price gouging

Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflict

www.theguardian.com

Donald Trump said on Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, accusing them of not lowering gas prices enough amid conflict in the Middle East.

“The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil. Those prices are dropping like a rock! In other words, customers are being ‘gouged.’ I have instructed the DOJ to immediately start looking into this,” Trump wrote in a social media post late on Tuesday night. “Gasoline prices better start going down a lot faster than what I’m seeing!”

Oh my, he must be against business n stuff, at least according to the right wingers who got all butthurt over my pointing out supply and demand here in the US didn't change one iota.

They need to stop plundering and looting the people and domestic economy every time some Arab says 'boo' and blaming fake shortages, and not just over oil, but every other commodity critical to our economy and run by monopolies.

 

[Zincwarrior]

Big multi-nationals are not out friend, and they love them some Red Chinese Cadre. They hate free markets, and have never supported them at any time in our history.

Ok Pocahantas.

 

[Chuz Life]

There are no 'free markets', there are cartels that control every commodity worth anything. Oil companies proved it for weeks recently. There was no shortage here, and production was stable; the supply and demand remained the same here in the US.

What does that have to do with Trump calling them out for gouging?

If anything, you have supported the merits of his assertion.