Gas prices are projected to stay high through 2022. Now can we blame Biden?

Banks, NGO's, activist investors and governments are all conspiring to make sure that oil and gas companies capital spending is strangled, to make sure that oil and gas become expensive and hard to find.

Year by year the prices will go up dramatically, by the design of our owners.

You dont get a say.

Shut Up.
 
"Inflation will be transitory, not a problem" is the same sort of lie as telling us that eventually gas prices will come down to anything like they were. No way in Hell, the people who run America now will not stand for that. The people who are telling you this almost always know that they are lying, they want you docile for as long as they can manipulate you into it.

Wake The Fuck Up People!
 
Hawkeye10 said:
Banks, NGO's, activist investors and governments are all conspiring to make sure that oil and gas companies capital spending is strangled, to make sure that oil and gas become expensive and hard to find.

Year by year the prices will go up dramatically, by the design of our owners.

You dont get a say.

Shut Up.
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They said that back in the 80's too. It was a lie then, and it is a lie now. Big oil is on the way out. Renewables are on the way in. And Big Oil is betting on renewables.
 
ExpressLane said:
I bet you have a windmill on your car.
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You think he has a car?

iu
 
ExpressLane said:
Supply and demand. Biden cut US production to below our consumption rate. We are again consuming more oil than we produce. That reduced world supply of oil. That means more dollars are competing for fewer barrels of oil . That drives the world price of oil up and the price of gasoline in the US up. The higher price of oil makes OPEC Iran and Russia very happy. You can thank Biden.
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WTF. Do you even know when production was cut in the US?

Current oil production in the US is 15% higher than it was in May of 2020. Who was President in 2020?
Oil production in the US dropped by over 20% in 2020 from 2019. Who was President in 2020?

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M
 
Legion said:
Gas prices are on the rise again, experts say, and will continue to rise at least into 2022.

The national average hit a seven-year high thanks to even higher prices in northern and western regions of the country.

The unexpected price increases during the fall season — when demand and prices typically decline — are again prompting questions of how much blame should be placed on Joe Biden and his policy to wean the nation off fossil fuels to stave off "climate change".

Analysts are saying that yes, persistently high oil and gasoline prices can be at least partially attributed to the president’s goal of shutting down the fossil fuel industry.

Crude oil prices continue to climb.

Energy analyst David Blackmon said that the Biden administration has been “doing all it can” to slow growth of the domestic shale industry. “Public policy matters, and the public policy of this administration has signaled that oil and gas is now a disfavored industry in America,” Blackmon wrote.

When analysts and traders observe an administration backing policies it believes will suppress supply, that places upward pressure on prices. Those policies can also dissuade investment. Environmental groups are urging supporters to avoid investing in fossil fuel producers. Pension funds for public employees in New York, Maine and California have announced plans to divest from fossil fuel investments in coming years. Private investment banks are following suit.

Biden, suddenly wary of rising gasoline prices, recently called on OPEC to increase production.

There’s little incentive for them to comply, especially with higher prices putting more money into their hands after a tough year.



https://www.msn.com/en-us/money/markets/gas-prices-projected-to-stay-high-through-2022-now-can-we-blame-biden/ar-AAPFBdT
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Dude, we'll be lucky if the world doesn't move off of the petrodollar due to Joe Biden's policies.

If it does, everyone in America becomes around 15% poorer instantly.

And Joe Biden can say:

iu


Then it's time to rethink domestic production. It'll all work out. :)
 
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