From a distribution standpoint California is isolated from US refinery capacity by it's west coast location and it's gasoline is a totally different product due to the state's environmental laws...
Biden says there's nothing he can do to bring down gas or food prices in the near term...
- Thread starter The Tradition
- Start date
From a distribution standpoint California is isolated from US refinery capacity by it's west coast location and it's gasoline is a totally different product due to the state's environmental laws...
Fat asses with the "Let's Go Brandon" sticker on their mobility scooter. Yeah, they make me laugh too.
Oil is a finite commodity and evidence that future oil supplies will be provided to the market, affects prices today. And it obviously affects prices in the future when the oil comes on line. On the flip side, if there is no evidence of future oil on the way, it adversely affects oil prices today. It really isn't that complicated if you open to thinking critically.
Repubs just announced their plan to ease requirements for more drilling in the US, helping with emissions as fuel doesn't need to be transported from around the globe, and exporting more liquid natural gas as what we produce burns cleaner and produces less emissions than LP refined in other countries.
They have a plan, let me know when the dems get done doing all the winning would ya?
It takes time to clean up the mess that was left.
Stocks often move on idle talk and future plans.
oil is no different. I think prices would be a little lower if Biden was all in on using every ounce of domestic oil until electrics take over (which they will).
oil is no different. I think prices would be a little lower if Biden was all in on using every ounce of domestic oil until electrics take over (which they will).
Umm, that's literally what he did. He told the truth about the inflation issue unlike Trump about COVID.
He admitted inflation is an issue and outlined what things could be done and was honest about where a President's limiation is on this.
One more thing I forgot. Biden can stop increasing federal spending, and doing stupid stuff like student loan forgiveness.
He hasn't done any student loan forgiveness yet.
And, can you name me the last President who decreased federal spending? I'll hang up and wait.
Biden has forgiven student loans. This is a new round.
https://www.cnn.com/2022/03/27/politics/biden-student-loan-debt-17-billion/index.html
You are right, federal spending always goes up. To be precise, Biden should stop the insane rate of increase in federal spending.
They expanded student loan cancellation for some people screwed over by for profit colleges and already existing public service programs. But there hasn't been a full scale cancellation (I'm not arguing there should be either just for clarity).
And while I agree with your second sentence, I think it's worth pointing out how crazy Trump was with spending as well.
The national debt has risen by almost $7.8 trillion during Trump’s time in office. The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.
Right, I’m aware of that. But that doesn’t explain the extra above that we still pay.
The impact of new drilling platforms and production wouldnt be felt for quite some time
It is. Where did I say it wasn't? Of course he's going to get judged on this. But there's also some common sense. You can admit there's not much he can do while not voting for him. He's going to be a one term President. Of that, I have no doubt. If I were a betting man, I would bet that Trump will be back in office in 2024. This country loves old white dudes.
- Sep 13, 2002
- 94,021
- 190,159
- 113
Yes, Trump was reckless. He's no longer in office though. Biden is the one responsible for the massive increases in spending we are seeing now. There was no remarkable consumer inflation under Trump. There is under Biden.
I am aware of that. Most of this is due to COVID and not anything Biden or Trump directly did. The supply chain got so messed up and that signifcantly lowered supply while there was bent up demand (something Trump correctly said early in the pandemic.) Obviously all the stimulus didn't help but there still was going to be inflation due to pent up demand and the lack of supply to meet that.
Whether it really mattered, cancelling the Keystone Pipeline was extremely bad optics for Biden. Everyone will be hearing that leading up to November. I was hoping the Democrats would take advantage of having both the Senate and House along with Biden, but that ship has sailed. Just got to gear up for 2026 at this point.
Last edited:
25th what? Like I commented last week, you need your language program tweaked.
How does trying to spend money cause inflation?
Many don’t seem to understand the Keystone. Keystone has crude moving to market.
The extension of Keystone was cancelled. It would have moved dirty crude to port for export, not provided needed sweeter crude for refining into domestic gasoline supplies.
Exactly. It wouldn’t have mattered. But it’s bad optics. It’s too late now though. Republicans will take the house in 2022, Senate is a toss up. They will take the Senate in 2024 and probably the Presidency if anyone not named Trump runs. Damage has been done the past 18 months.
How was gas, food, oil prices, baby formula availability between 2016 and 2020?
BS. We were already transitioning from Covid when Biden took office. Energy polices and additional spending are causing consumer inflation.
So the 2 stimulus packages Trump passed did nothing to increase inflation but only the Biden stimulus package did?
LOL. You are clueless on this finance. And I usually agree with many of your takes FTR
Nope, by the time we got to the second Trump stimulus it was already a bad idea,.. Trump crossed the line, Biden super-sized it...
If Trump had won, do you think the last stimulus would not have gone out? He pushed hard for it while in office.
We aren’t dealing with Ifs.
Not 1 Republican voted for the 1.9 trillion. Not one. There was a reason. It was a horrible idea that your part caused
You are blaming inflation-inducing federal spending on a bill that wasn't passed?
