Why you can't believe the BIASED MSM... Russia oil isn't the primary cause of skyrocketing gas prices!

[Moonglow]

i

xiden and the demafascist policies have cause hyper inflation

Not really since oil production is high and we still lead the world in gas and oil production, but it is a free nation and you can be allowed to be wrong by thinking that the govt. controls the means of production..Sucks to be you because you are either misinformed, mislead, or just plain old stupid.

 

[struth]

Not really since oil production is high and we still lead the world in gas and oil production, but it is a free nation and you can be allowed to be wrong by thinking that the govt. controls the means of production..Sucks to be you because you are either misinformed, mislead, or just plain old stupid.

yeah really we have record inflation due to xiden ans hr dems

 

[Moonglow]

yeah really we have record inflation due to xiden ans hr dems

I secure it more to price controls during Trump and the greed of capitalists.

 

[struth]

I secure it more to price controls during Trump and the greed of capitalists.

hahaa of course…there were no price controls and nope it’s all your dear leaders policies

 

[Moonglow]

hahaa of course…there were no price controls and nope it’s all your dear leaders policies

Presidents Donald Trump and Joe Biden both invoked the Defense Production Act (DPA) in response to the COVID-19 pandemic. The Cold War–era law gives the president significant emergency authority to control domestic industries. Trump used the law to crack down on hoarding, limit exports of medical goods, and increase production of critical supplies. Biden has used it to speed up vaccination and testing efforts.

What Is the Defense Production Act? | Council on Foreign Relations

Presidents Trump and Biden have turned to the Defense Production Act to address the country’s vital needs, from stimulating critical supply chains during the COVID-19 pandemic to countering growing competition with China. How does the law work?

www.cfr.org

Pharma Industry Criticizes White House Price Control Orders​

Pharma Industry Criticizes White House Price Control Orders

On Friday, President Donald Trump signed four executive orders in hopes of lowering prescription drug prices in the United States, which was a 2016 campaign promise.

www.biospace.com

 

[struth]

Presidents Donald Trump and Joe Biden both invoked the Defense Production Act (DPA) in response to the COVID-19 pandemic. The Cold War–era law gives the president significant emergency authority to control domestic industries. Trump used the law to crack down on hoarding, limit exports of medical goods, and increase production of critical supplies. Biden has used it to speed up vaccination and testing efforts.

What Is the Defense Production Act? | Council on Foreign Relations

Presidents Trump and Biden have turned to the Defense Production Act to address the country’s vital needs, from stimulating critical supply chains during the COVID-19 pandemic to countering growing competition with China. How does the law work?

www.cfr.org

Pharma Industry Criticizes White House Price Control Orders​

Pharma Industry Criticizes White House Price Control Orders

On Friday, President Donald Trump signed four executive orders in hopes of lowering prescription drug prices in the United States, which was a 2016 campaign promise.

www.biospace.com

there was no price controls on gas

 

[Moonglow]

there was no price controls on gas

Not really but sorta when the US govt. proclaimed a national health emergency and started shutting down the federal govt. which led to states doing it. The bottom fell out of the market in 2020 when oil prices hit a negative value....

 

[struth]

Not really but sorta when the US govt. proclaimed a national health emergency and started shutting down the federal govt. which led to states doing it. The bottom fell out of the market in 2020 when oil prices hit a negative value....

no the govt was shut down

there was no price controls

 

[Moonglow]

no the govt was shut down

there was no price controls

One way to control the prices is to lay everyone off.

 

[DGS49]

Peoples' reactions to prices at the pump - mainly increases - are a screaming example of our collective ignorance about basic economics.

Supply and demand.

When global oil supplies exceed demand, the prices float downward. When demand exceeds supply prices go up rather quickly, because that industry uses a LIFO financial model (last in, first out).

Prices go down more slowly than they rise because the impacts are local. The BP station will try to stay equal to, or a little better than the Exxon station, etc., etc., etc.

The U.S. is never "energy independent," even when our production exceeds consumption. U.S. oil producers sell to the global market. IF they can get more for their product in Europe than they can in the U.S., they ship to Europe. And so on. And like every other business on planet earth, they get as much for their product as they can.

Just like every employee in the U.S., who gets as much for his time and effort as he can. Same, same.

 

[Moonglow]

Peoples' reactions to prices at the pump - mainly increases - are a screaming example of our collective ignorance about basic economics.

Supply and demand.

When global oil supplies exceed demand, the prices float downward. When demand exceeds supply prices go up rather quickly, because that industry uses a LIFO financial model (last in, first out).

Prices go down more slowly than they rise because the impacts are local. The BP station will try to stay equal to, or a little better than the Exxon station, etc., etc., etc.

The U.S. is never "energy independent," even when our production exceeds consumption. U.S. oil producers sell to the global market. IF they can get more for their product in Europe than they can in the U.S., they ship to Europe. And so on. And like every other business on planet earth, they get as much for their product as they can.

Just like every employee in the U.S., who gets as much for his time and effort as he can. Same, same.

Congratulations you actually said something sensible about reality, congrats. Rarely do we like the prices of commodities that are set by a futures market because we are at the whims of people who make rash decisions.

 

[struth]

One way to control the prices is to lay everyone off.

trump didn’t lay anyone off

you are grasping

 

[Uncensored2008]

Can afford the increase in other prices....It's been going on since I was a kid I doubt it ever ends.

Went up more in the last year than the 4 years of Trump.

That ***** average people.

 

[Uncensored2008]

I simply raise my prices which were high in the first place.

Since you deal crack, you can do that. Those who work can't.

 

[Moonglow]

Went up more in the last year than the 4 years of Trump.

That ***** average people.

it should since people are paid too little to survive as well as the capitalist.

 

[Moonglow]

Since you deal crack, you can do that. Those who work can't.

Been a long time since I was a pimp.

 

[surada]

no the govt was shut down

there was no price controls

Indirectly there were.

 

[struth]

Indirectly there were.

no there wasn’t andy price controls

 

[healthmyths]

No not Russia, just the capitalist are the reasons for the high prices since they control the petroleum industry.

So let's see... The USA gets 24% of oil from federal lands. That's a FACT!
The federal share of total U.S. crude oil production fell from its peak at nearly 36% in 2009 to less than 24% in 2017 at the same time overall production increased.

https://crsreports.congress.gov/product/pdf/R/R42432

FACT: "capitalist" sitting in his basement sees "oh my... Biden just shut down ANY future oil from Federal lands... oh my... that means all other sources will go up in prices!"
So "capitalist" uses that excuse that with the government reducing oil exploration on Federal lands means
all other sources are going to raise their prices.... the "capitalist" raises gas prices...from his basement!
Right! That ugly "capitalist"... raising his prices because well his prices are being raised by the non-federal land sources! Why not blame them?

 

[surada]

So let's see... The USA gets 24% of oil from federal lands. That's a FACT!
The federal share of total U.S. crude oil production fell from its peak at nearly 36% in 2009 to less than 24% in 2017 at the same time overall production increased.

https://crsreports.congress.gov/product/pdf/R/R42432

FACT: "capitalist" sitting in his basement sees "oh my... Biden just shut down ANY future oil from Federal lands... oh my... that means all other sources will go up in prices!"
So "capitalist" uses that excuse that with the government reducing oil exploration on Federal lands means
all other sources are going to raise their prices.... the "capitalist" raises gas prices...from his basement!
Right! That ugly "capitalist"... raising his prices because well his prices are being raised by the non-federal land sources! Why not blame them?

Who do you think controls these non federal lands?