I knew he was correct directionally, but I assumed he was exaggerating a bit, as he tends to do. It’s looking like he wasn’t.
Also, he told European leaders that they were crazy for increasing their reliance on Russian oil and gas. They laughed at him, but it turns out he was right about that too.
Yes, I find his comments almost always right directionally. He seems to exaggerate occasionally to make a point. Left always use those to criticize him and cry foul.
I've been inching more and more towards Russia but to think Russia is in it for a good deal for the good ol US of A even in peacetime is idiotic. The Europeans and now us made their choices ignorant of that and thought we could just beat back Russia. Not that simple.
Europe has acted against their own interests by failing over and over again to be self reliant thinking their new world order would take over just because they fart pink lemonade.
We, the US, act against our own interests too. It's starting to get depressing. It would be nice if at least a few leaders in the west would act based on reality instead of based on some utopian version of reality that exists only in their heads.
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Yes, that definitely was part of it. But there are other parts that are completely unrealistic.
We find no reason to not be reliant on Russian oil and natural gas. Yes, the same Russia that was belligerent towards the west for most of the 20th Century, and the same Russia that operated behind an iron curtain.
You got a link for that? Crazy.
Looks like other folks covered it.
https://www.reuters.com/article/amp/idUSKBN1K10VI
https://www.youtube.com/watch?v=1JpwkeTBwgs
Really? Do you even keep up with current events? The media stretched that out at least a month along with Trump telling NATO needs to start paying what they signed up for after WW II.
You're crazy.
Um, it’s still a pretty heavy exaggeration.
Do we know who he was talking to? Gas is $7 in some places.
Nowhere has it gone from $2 to $7.
Honestly the price will cap. Once it becomes cheaper for the west to self produce the price will stop so "technically" it's still an exaggeration
The price is already $7 in some places, so I’d say it technically isn’t.
Where is it 7$?
Different parts of California are seeing $7/gal. Doubt the entire state is there yet on average though.
I live in LA which probably has or is near the highest prices and its not 7$. Not sure where you're getting this info from
Just saw one near Burbank at $6.90, and saw one along the coast in the high $7s.
Once it becomes cheaper for the west to self produce the price will stop
This would be true if the Biden administration hadn't been kneecapping the domestic oil & gas industry. They tried to do a full 180 and get ahead of the disaster they're creating by beginning to allow new leases in the gulf, but it'll take a while for the industry to get back into the swing of things. This involves large, expensive, custom-built machinery, barges, platforms being built and deployed in the middle of the worst supply chain collapse we've ever seen. IMO gas price will probably hit some society crippling numbers before we're producing enough for just the US. Hopefully the other western countries that this will affect find some way through it.
I keep wondering how CA residents feel throwing down $100+ for a full tank.
They feel like moving to Austin and fucking over Texas with their same pattern of voting.
Please fucking God stop. Signed, a conservative libertarian in Austin.
I hear the homeless situation in Austin has reached LA levels
Yep, LA politics brought to Austin producing the same results as LA. Who would’ve guessed?!!
Don't worry. I'm in NC and we've got people from Seattle rushing to get over here.
Montana is absorbing some of that blow, I've never seen so many pronouns in bios....
One of our clients in NY has pronouns in her work email signature. It's so weird.
How much am I required to participate in your self actualization?
None
Maybe I'll move down there to try and help offset the commiefornians moving in.
Awww man i almost moved there. I was really tempted because i wanted to get back into archery and hunt some of those invasive antelope that are over there
I wished you stop so I'd have roads to actually drive on.
Have you tried not being poor?
Co-signed, a former Austinite classical liberal who just bought land hours from any metropolitan area.
Texas, and AZ, and NV, and NM, and OR, and WA, and now Idaho, and Montana, etc etc etc
You missed CO. Californians have so badly fucked this state in the span of less than a decade that I'm seriously looking to bail.
Good luck. They're taking over the states I mentioned above already, and moving slowly East, out of WA now into Idaho and Montana, building massive developments of mcmansions and tearing down the natural beauty to build their perfectly flat, ugly as fuck overly watered grass yards. It's sickening to see, and that's not even mentioning how they vote.
They are like locusts.
We here in New Mexico already have the dumb ass liberal policies in play, but at least we had semi cheap gas. Not anymore
Same with Washington, and elsewhere. Already many cities/counties that are extremely liberal, but not dumbfuck elitist yuppie california liberalism.
And Arizona unfortunately
The California arrivals [to Texas] were 57 percent conservative compared to 27 percent liberal
https://www.texaspolicy.com/new-poll-finds-all-those-people-moving-to-texas-arent-going-to-be-voting-for-democrats/
If you're angry Texas is turning purple, look somewhere else. Hint: Where do your kids spend 8 hours a day, 5 days a week?
Stop bitching at Blue-state refugees and start raising your fucking kids. I could live my entire life in CA, voting Red the entire time, and never have a single politician I voted for represent me. The ballot box doesn't work. The moving box does. And if not for transplants, "Senator O'Rourke" would be a household name right now.
natives preferred O’Rourke by plus-3 points whereas movers favored Cruz by plus 15. Cruz won the race by 2.6 percent, meaning that if it were up to people who were Texans by birth, Cruz would have lost reelection.
Christ, how I wish the DOn't voTe FoR wHaT yoU FLED FroM crowd would fuck off.
I used to be in the "Californians, go home" crowd for quite some time, but your numbers simply prove it wrong. Well said. Hope they keep coming.
That being said, those 27% of Californians who came to Texas and then still voted blue, absolutely deserve to be ridiculed. Conservatives, both the ones living in their state of birth, and the blue-state-refugees, need to get into these people's faces. Tell them to fuck off with their ruining other people's homes.
Its all literally from marxist indoctrination stations that is public education. Only way to combat is to fight for school choice and voucher system. Otherwise this will never stop as long as they can keep training new generations of fucking activists. And your tax dollars are literally paying for it.
“Where do your kids spend 8 hours a day, 5 days a week”
Kids can’t vote though. Also Texans probably don’t like Cruz for other reasons and not his politics. Didn’t he flee the state when the energy infrastructure collapsed and people nearly froze to death?
California has more conservatives than any other state in the country. There are some very right leaning people here. All the ones that I've known who moved to Texas or Florida were heavily conservative and I know a lot of liberals. These people are for: gun rights, common sense laws for trans (no children, no women's sports, etc.), Trump (I'm not personally in love with Trump but he's better than Biden by a mile), anti-mandate, etc.
I think the reason Texas is becoming purple is a long campaign by the Democrats to play identity politics with the Latino population. It's funny because many Latinos are traditionally conservative and the ones who've lived here longer and made a name for themselves are often conservative. However, the Dems have convinced the younger generation that Republicans are anti-immigrant, conflating illegal immigrants and legal hardworking immigrants who came over the right way.
Just look at these two graphics: graph1 and graph2. These clearly show the shift in demographics and line up perfectly. What Republicans needed to do 20 years ago was embrace legal immigrants and make a stronger distinction between illegal and legal immigrants. Graph2 shows that among people under 18, there are a LOT more hispanics than non-hispanic white people. If the Republicans fail to change their image to hispanics, Texas will fall regardless of who moves there from what state.
And Florida
Texas is perfectly capable of fucking itself, thank you very much.
And we know that because of the overwhelming number of people fleeing Texas and Florida to move to California.
Remember the damn Alamo 😭😭😭
They feel like selling their house for $2,000,000 and moving to Idaho.
In clown world, $100 a tank>mean tweets.
Na but $100 tank > trying to overthrow an election and install yourself as an unelected President.
*an illegitimate election
Oh god
The news is trying to shift the blame to Russia
Even Tesla said we need gas. Yet Biden still won’t do anything but tell everyone to buy electric cars. Wow yeah I have 30-40k to do it (sarcasm).
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And if youre driving an AFFORDABLE electric car, hopefully your commute isnt very long. The only affordable EV near me has a range of 83 miles. Meaning I could never travel outside of the region efficiently, without stopping constantly hours on end.
Depends what you think is affordable. Average vehicle sales price is likely over 40k these days. I paid 42k for my long range model 3 after tax incentive in 2019. The car will never be free, but fuel savings over my previous car will make the effective price around 30k after 6 years. It gets even cheaper the higher gas prices go.
If I kept the car 10 to 12 years, then it's effective price is around what a subcompact would cost.
42K aint bad depending on where you live. In my situation, that is the max I could possibly pay for a car. And I live in a low COL city. I looked just for shits and giggles, and Teslas are not available at that price.
Standard range 3 costs about 41k. So it's nice I paid less than that (factoring inflation) for 320 mile range.
At those prices, filling the tank on my 82 and 86 Broncos is going to cost me $240 each.
Sounds like your fault for not buying an EV. Are you some kind of racist or something?
Wow. I actually thought this comment was serious for a second.
That’s how you know it’s getting bad.
If you don't drive an EV, ya ain't black!
It's only a matter of time before he's labeled a Putin Puppet.
Definitely a Russian sympathizer and World War 3 enabler.
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I love bullnoses. On the lookout for an 80-86 150 reg cab short bed. 2wd or 4wd (or none of each)
Those really are beautiful cars, you should keep them for a long time. I feel your pain as well, I daily drive a big single turbo 2JZ swapped BMW E36 running on E20 gas. A few short pulls will easily cost me $15 - $20 these days lol. I could easily run through the whole $75 tank in an afternoon if I have a heavy foot
I'm not kidding - they interviewed a woman the other day who said "I see an increase in gas prices as a donation to the war effort in Ukraine."
These people are completely unhinged.
She means the war effort of the Russians in Ukraine I assume.
They love it. For them it is the cost of being on the right side of history.
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Didn’t know my freedom depended on buying expensive gas
Of course you are focused on YOUR freedom.
Does Ukraine's safety, children, women, and democratically elected government, deserve freedom too?
[Edit] Oxford comma. It's a thing. Look it up.
and democratically elected government [comma]
You missed one.
Right on, thanks for being on top of that. It wouldn't be an Oxford comma, but it would be correct punctuation. No one's perfect and I appreciate the edit.
More importantly, do you agree it's worth a few extra dollars to support Ukrainian democracy?
These prices soared before the war lol
Are you willing to subsidize Ukrainian freedom and sovereignty vis a vis higher gas prices?
Or should freedom be free?
I’ll give more for Ukrainian freedom, if you’ll take less for your woke agenda. You’ll compromise for the safety of the women and children, won’t you?
Of course. I worked a 10 hour day and paid $6 a gallon to do it.
I was conscious all 10 hours, does that make me 'woke'?
And if I'm 'woke' and you're opposed to me, what exactly does that make you?
So you gave more, but you didn’t take less. That means you want those women and children to die at the hands of Putin, because you can’t be bothered to do more than throw a bit of money at the problem. When did you lose your humanity?
I have a degree in English, but can't make heads or tails of your comment. ELI5 I guess, because I have no idea what you're trying to convey.
Then maybe it’s not your education that’s failing you, but your indoctrination. Anyone with a modicum of common sense, who isn’t compromised by political agendas will understand.
How high is too high? Should we pay $8, $9, $10 a gallon? We're paying over $4 on average now with no signs of slowing down. Last I checked, Ukraine was still getting pounded. So my kindness in paying more for gas is making a whole hell of a lot of difference it appears.
Besides all that, this started well before Ukraine was invaded. This is all about going all in on gReEn EnErGy without the slightest inkling of a plan of how to do it. What you get when clowns make decisions.
I paid $6/gallon today and went to work on a 10 hour day to support my family AND try to weaken the Russian economy. I sacrificed today, and hope the world will to to live up to the blue and yellow flag that is currently representing this sub.
What are YOU willing to sacrifice for Ukrainian sovereignty?
And the family who could barely afford gas at $3 a gallon? How much do they have to sacrifice at the altar of progress?
More importantly, do you agree it's worth a few extra dollars to support Ukrainian democracy?
A caveat: despite the tone of my post, I'm not angry or yelling at you. I'm just sayin'...
You've asked a trick question, and it's unfair. While it's true we do 'vote with our dollars' the purchase of my gasoline does not generate democracy points at all. I am merely an end of the line consumer of products. I didn't buy the raw products and refine them into something myself. So where the oil comes from was not my problem. I bought the cars the companies told me to buy. I drive on the roads the government built. There have been centuries worth of machinations beyond my control which have structured society in a way, that I need to get to work. I need a car. To somehow put the blame of human suffering at my feet simply because I use gas is not my fault. I had no say in how the systems which now rule our lives exist. I am the product of it, just like the Ukrainians.
That being said, now that we know that a commercial practice we engage in 'isn't fair' then we should work to change it. But, let's not pretend that the proposed solution won't also create it's own series of unintended consequences that are the responsibility of the consumer to address. If EV's save the environment, that's great. If it enslaves little children in the Congo to dig it up in dangerous mines, don't shit on me for buying an EV. When offered subsidies to buy the products on the market, which incentivize slave labor, I didn't make those rules. The corporations and governments need to solve that problem.
So the long answer to your question is 'yes' we need to fix our broken world. But the short answer is 'no' because the extra price I pay at the pump doesn't fix what's broken. You paid $6 for gas, and didn't make the world better.
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Investinlove... the expensive price of gas right now has nothing to do with helping Ukraine or the freedom of Ukrainians.
Your argument makes no sense.
What an idiot
Ad hominem is no surprise from your username.
So 'freedom requires no sacrifice' is your avowed belief?
A lot of good the sacrifice is doing smart guy. Your president is still funding the Russian war machine.
As long as they're aren't 'racist'
I say its over $60 to fill a Corolla
my Ford Fusion is around $75 here in southern cali
$75 to fill my Mazda 2 in Australia. $1.90/litre.
Yeah but you’re using kangaroo bucks. Not the same value.
.... so even cheaper in the US?
Mighta been, if the entire world wasn’t sanctioning Australia for inventing Vegemite and pretending it is good.
Do you blame Biden too?
Nope.
Damn, Brandon controls gas prices in Australia too?
Apparently, even while Trump was President.
Gas was $2.39 the week after Bidens inauguration. Over a dollar per gallon increase before the crisis in Ukraine.
And yet somehow Brandon is responsible for the huge rise in world oil prices.
The US is the single largest producer of petroleum on Earth, hampering all efforts to increase supply in the US absolutely impacts global gas prices.
So why have world oil prices only increased so sharply in recent weeks?
Gasoline was $2.11 two days before the election, 6 months later that number was over $3.
And? The price of Brent crude oil has gone up by something like 50% this year alone. That's not Brandon's fault.
It's almost like hampering supply in the world's largest oil producing country impacts supply.
Would help if we actually had a leader that would prevent Russia from invading Ukraine as well.
Hey! Here you are agreeing with me! Are you a Russian?
We need to ship them some of those “I did that” stickers to put on their gas pumps so the Australian people know what Brandon is up to!
The United States produces more petroleum than Iraq, Iran and the UAE combined. We are the number one producer on Earth. Yes, Biden can absolutely impact gas prices abroad.
$60 to fill a dodge caravan in Texas
It'd be almost $70 to fill one, they have a 10 gallon tank. That's insane.
About a dollar to fill my lawnmower.
$154 fill up today, economy is gonna tank real soon as people change their spending habits. What happened the last time gas spiked in June 2008? Any old kids here remember?
Like I want to go egg a certain Democrat's house
It ain’t fun.
Ca resident here. It sucks, but still better than having Trump.
Yes because so many of you were getting absolutely murdered by mean tweets! 🙄
Guaranteed you don't have a valid reason.
I’m so fucking tired of people tolerating bad policy just because Trump isn’t president.
Please explain how Biden makes your life better than Trump does. An answer other than “Trump tweeted stupid things” or “all my friends said Trump was a racist so he must’ve been” would be appreciated.
EDIT: And no response. As usual. Not surprised in the slightest.
Well trump tried to overturn an election, essentially ending democracy as we know it, so yes my life is better living in a free country and not under some un-elected President who installed himself against the will of the people.
His mean tweets must have been very hard for you.
Please explain how the government sets the price of gas.
Government controls oil leases. This is what you get without new drilling when the rest of the world's supply is strained. If the Brandon admin allowed new speculation, new wells would be drilled and prices would even out.
Limiting supply.
In MANY ways. Government regulations and taxation have a lot to do with it, as does the commodities market’s impression of a government that’s openly hostile to them.
Like your wife cheating on you, but what do you do!😊
I am ready to sacrifice for freedom. Guess you aren't.
That’s admirable. Any limit on how much you’re willing to pay for a gallon of gas?
What??? Biden destroyed American pipelines and American drilling. It’s a huge reason why prices are high now.
I didn't even mention Biden. Triggered much?
I'm just saying freedom isn't free, even for Ukraine.
Are you unwilling to sacrifice for their freedom?
Sacrifice how? With terrible policy? The point is we shouldn’t be sacrificing at all, but thanks to D policy we are.
toeing that ridiculous party line without a second thought
Not great man not great.
They don’t even let you fill up, you’re allowed to get $100 worth even if it’s not a full tank.
https://i.imgur.com/VPfnH6M.jpg
I feel like shit.
I do that for my truck every week. I'm not in CA.
They don’t. They move to other cities and bring their politics with them.
I wonder why USers think anyone cares about their inner politics in here. Not enough subs dedicated to your inner shit?
Not great. Feels worse to throw down 60 dollars for 2 days worth of decent pork or beef though
Not great but also didn't feel great when it was ~$4 under Trump either. If we want to play the gas price game we can say we saw a near 75% price increase since he took office.
It's not too bad, mostly because we know it's not the president that sets the price of gasoline and we all make $200,000k /year and work from home.
Everyone in California makes $200,000,000 per year and works from home? What a magical place!
You are correct sir, and we are both willing to sacrifice for freedom. These others seem to think freedom is free. Guess that's their take.
Not everyone makes 200k a year. What do you say to those people that cant afford gas?
Tell me how the President has direct control over the price of gas.
Remember all the executive orders signed by Biden on his 1st day?
Deepwater Horizon oil reserves would have provided 12 seconds worth of crude oil at the historical rate of consumption. The oil reserves released by the entire world last week equate to 1 day's worth of consumption. One single world leader has no control over global consumption or production.
reserves aren't supply, they need to increase supply sillypants
and that's easy
US could easily produce enough for our demands
I think the active war and sanctions with a massive oil producing nation has more impact than the executive orders.
And the rising gas prices before all that happened?
We pretend it was Trump's fault.
The Ukraine crisis has been active since 2014. It has been a contributing factor to rising prices since Russia has started to threaten the Ukraine government. Yes, there are other factors, but there was a massive jump in price solely due to the war. Other price hikes have been poor decisions of administration, but the recent price hikes within the last few months are due to the war and cutting trade with Russia.
Increased demand
Explain to me the policies that you think would lower your gas prices now.
Expanding domestic drilling.
Gasoline was $2.11 two days before the election, 6 months later that number was over $3. The Trump admins gas policies worked and kept prices historically low.
It’s policy set by the president and his administration.
Gas prices are not a policy set by the President. Unless you think that the United States is currently a communist socialist economy then the President has no influence on gas prices.
It's honestly impressive how ignorant you are.
Enlighten me then. Please.
I did in another comment. And other people have. It's not our fault you ignore us.
Are you that dense or just pretending. Biden sets policy that has a roll down effect on fuel prices. For example, canceling the Keystone pipeline on day 1 of his administration. That has now played out to sky high prices as we beg every other country for oil.
I feel bad that you don’t know this
Actually, how does the president have a direct influence on gas prices?
Not American. Just curious.
Canceling leases, fracking, mandates, etc.
Cancelling production contracts, among other things.
Not cancelling pipelines day 1
And green lighting a Russian pipeline at the same time.
EOs relating to domestic drilling, primarily. Trump expanded it, and gas fell to the $2 mark under his Presidency. Biden reversed Trump's EOs and gas jumped up to over $3. Then the Ukraine invasion happened and they've jumped up again. Had Biden not reversed Trump's policies the jump from the invasion would have us at a lower price than we were actually at pre-invasion.
Poking russia by expanding nato further into Ukraine.
The Department of the Interior has blocked all new onshore oil and gas leases, basically implementing a freeze on new exploration and development. Permits issued by the Trump administration have been revoked, while approvals for new LNG terminals have also been stopped.
Where have you been since chinajoes inauguration???? He signed executive orders to close the keystone pipeline !!!
The pipeline that brought us more foreign oil?
The keystone pipeline made us exporter of oil.
Didn’t it bring in oil from Canada? It is owned by Trans Canada Energy Corp
1)He band all new drilling and fracking on federal land/waters
2) he killed all subsidiaries to fossil fuel corporations
3) stopped the production of the Keystone pipeline. Now keystone wouldn’t be up and running right now I know, however it sends a strong message of his stance and markets have adjusted accordingly.
Those reasons combined is why we are in the position we are in.
d
They wear it as a badge of honor. replying "i aint poor"
If the gas prices were Biden’s fault they wouldn’t be high in every country…but they are. It’s almost like this has nothing to do with Biden.
Trump was better than Biden on energy policy on the balance.
But there's another reason for this inflation. The Federal Reserve printed trillions of dollars. That's why we're seeing price hikes and shortages in everything - energy, food, housing.
We've only seen the beginning of this inflation spiral. They can't raise interest rates to fight it like Volcker did in the 70's. There's too much debt now. Those zero percent interest rates caused everyone to gorge on debt - government, households, businesses.
Who would have thought that printing an endless amount of money for 2 years was bad for the economy?
It's not the only source of inflation though. High unemployment, widescale bankruptcy of small businesses, and distribution failures across multiple industries are all factors too. We're actually lucky it's as low as it is (20% or so the last couple years).
Don't forget to factor in COVID-19 which stopped most of the world as well as disruption along the global supply chains through a series of events that were severely detrimental to economies around the globe.
It's unfair to blame it all on Biden, he just got put in front of a multitude of global crises.
Likewise, if it wasn't COVID-19, Trump would have won his second term. It was that event that caused his loss, nothing else. And as such, we ought to not be so short-sighted in our reasoning.
COVID-19 which stopped most of the world
COVID...DID NOTHING...NOT A DAMN THING.
Governments, power hungry governments did all of what you said. Covid did not cause a single financial issue. Only corrupt government.
100% Inflation is guaranteed to happen when you create money out of thin air. When you create a lot of money out of thin air a lot of inflation happens. Of course, the situation is not being helped by the massive amount of incompetence in the current administration and the resulting lack of faith in the markets.
This is really an oversimplification of the issue and also incorrect. 100% inflation does not occur when you create money. There are other factors that play into it. Product output, spending habits...etc. Sure, it's a variable in the equation but not the defining one. I'm putting this out there to try and stomp out this common misconception.
From Wikipedia:
The causes of inflation have been much discussed (see below), the consensus being that growth in the money supply,[6] alongside increased velocity of money,[7][8] is typically the dominant causal factor.[9][10]
I don't necessarily disagree with that statement. But, as you noted (and as did I), it's not the single primary factor. My point being that it's not 100% going to happen when new money is printed. There are other factors.
They can and they will. It's getting priced all year.
Damn, that was prophetic. Along with "get rid of your car", which I see coming:
"Gas is expensive? It's a fossil fuel! You shouldn't have been using it to begin with!".
They also said to buy an electric car lmao
It will only cost you 30-40k for a cheap electric vehicle c’mon man
Unfortunately that's almost the same price as a normal car these days
Let them eat... Teslas?
I’m shocked at seeing the $8 and up prices on tv. I remember seeing that in Europe years ago and thinking how outrageous it was, how choking it would be to the people’s freedom of movement..huh, wait a sec
Their freedom is probably more negatively influenced by the war next door. Since that's the root of the problem anyway.
No. The root of their problem is the lack of self reliance. They took out all their own power production methods because it was "harming the earth". Lies. Now they wedded themselves to Russia instead of controlling their own future.
Not every country has the option to be self reliant. Not every country has reserves of oil to drill. There are definitely countries that could be self reliant, but to say all of Europe could be self reliant is quite a stretch.
Sure, this thing that started a few weeks ago is the root cause of this other thing that started 6 months ago. Makes sense to me!
The Ukraine crisis has been a problem since 2012....
That’s not the root of the problem. Or does the war have time ripple effects? Prices been on the rise since the election
I was talking gas prices in Europe being $8. The united states gas prcies went up at least $1 in the last couple months alone due to the war though. Yes, there are other factors, but the war is a massive factor considering trade with Russia has been shut down.
The fact checkers still probably mark it false.
"It only costs that much due to inflation, which was his fault somehow!"
Lacks context. Mostly false.
gas prices actually went up to 4 and 5 dollars before hitting 6 7 8 and 9. verified false
"Mostly false"
Here is how Snopes would describe that: Yes, Trump did accurately predict the rise in gas prices - almost to the penny. But he blamed Biden for it, when he did not account for inflation. Inflation has caused the rise in gas, not Joe Biden.
"FALSE: Gas now costs $10.00 a gallon, a dollar more than Trump predicted."
It’s hilarious the people who go online and defend these prices like their lives depend on it. They’re so in love with their politics they let the politicians fuck them royally so they can feel good about who they voted in. Fucking idiots.
They’re dying on that hill, along with their electric car
What’s wrong with electric cars?
Nothing wrong, I think Tesla’s are cool. Wouldn’t like having to charge after 350 miles or so for vacations/trips, but I probably would drive local if I had one
Cons don’t like Tesla? Is it the anti union, American built part?
No ones defending it. People understand that prices are going up because of a war started a week ago….not because of Biden. It’s the same as how the 14% unemployment rate (worst rate ever recorded btw) during trumps presidency wasn’t his fault either. When you remove context from these events it’s easy to point fingers but your arguments looks childish at best.
Prices were up before that bud.
It doesn’t take a lot of digging on the internet to see that oil and gas industry openly admitted to raising prices to compensate for the lost revenue during the first year of the pandemic. This is all the result of corporate greed and it trickles down as more companies become effected by the pandemic. Good try tho
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Also unemployment was 14% lmao
My "Trump was right" jar is almost keeping up with inflation at this point
it’s going to get a lot worse before it gets better i can guarantee you that.
Biden wasting our oil reserves won’t make a dent, he’s clueless.
Biden wasting our oil reserves won’t make a dent, he’s clueless.
You're right that it won't make a dent, but his team's not clueless. It's purely for optics. The same morons that voted for him will suck it up to justify their vote.
it's still a desperation move his polls are trending in the wrong direction either way
Yeeeeah... good point. Akin to the anti-2a rhetoric in the SOTU. Plenty of polling saying that's a tired trope and even not that popular among Dems anymore. That did have me scratching my head.
What exactly do you think the oil reserves are for?
It literally exists to smooth out the bumps in the road. It’s only been 2 weeks since this started so their is still a ton of panic decisions being made. The oil price will stabilize at some point, and the government can’t control what that price is, but they can slow down the frenzy by releasing some oil to try to slow the panic buying.
it’s a waste because it’s a problem this current administration created, lol.
How the fuck does a Russian invasion of a sovereign country driving up global oil prices end up being the fault of a US president?
oil squeeze was coming even before russia my dude.
By.... What policy? I'm genuinely curious what policy this administration enacted that caused said squeeze. What I've seen is a lot of corporate greed, specifically from OPEC
Maybe they'll stop being greedy if Biden grovels at their feet a little more.
Not only has Biden tried his best to halt new permits and capitulated to leftist judges who threw out offshore leases, he's also done nothing to reverse congress' lift on oil export bans which has been going on since 2015 or expedite correcting the regulatory mess that has become the petroleum industry.
The problem with Biden is that he has no energy plan. Kicking the can down the road means we're here, now. He is a feckless and pathetic leader.
If it gets any worse and it will, I may have to start looking for WFH jobs.
WeLl At LeAst BiDen Isn't TruMp!
True that and corn pop was a bad dude too
Is Biden terrible? Yes.
Was trump perfect? No.
Was trump crazy? Perhaps.
Were we overall better off those 4 years? Absolutely.
I think most world leaders walked away from meeting with Trump saying, "I can't read him - let's not poke the bear." For 2016-2020 (heck, even the present), that was the way to be. Play your cards close to your chest and always make your opponent think you're one card away from running the table.
He was something of a loose cannon, but Trump wasn’t crazy. They called him crazy for saying what he did in the above video, and the man was right
crazy like a fox, definitely
Saying that Trump is better than Biden is like saying a prime rib is better than the dead raccoon on the street by your house.
It’s not exactly close.
*Were
Except for that whole pandemic response thing?
This take has always been weird to me. Like, sure, it was perfectly viable to criticize him for his response in the first year. There wasn't really any way to compare it with anything else in recent history. But now that we're a solid year into Biden, and we had approximately just as many deaths under him in his first year that we did under Trump's last, how can you still justifiably use that as a criticism?
Crazy that Biden’s administration had as many, if not more deaths witha vaccine too.
Not only with a vaccine, but also a solid year to figure out exactly HOW to treat COVID.
Your comment lacks context. Mostly false.
Says the guy who probably has multiple doses of the Trump vaccine that Democrats claimed would take years.
Trump said EU is not spending enough on defence. He got that right too. It only took Russia for everyone to admit this.
He was right this whole danm time! Let’s go Brandon !
Psychic.
How the fuck do all these brigaders get to post replies here, but my shit keeps getting put in the gulag due to lack of flair?
At least I am conservative. What the hell?
Flair lives matter bro
This sub is corrupt bro.
Look at top posts all time.
The mods are liberal shills.
Fucken pathetic sub.
So many better alternatives.
You have to magic a flair out of nowhere apparently
r/agedlikewine
He was also right about Greenland being valuable, as well as Germany being largely dependent on Russian energy. Funny how these things work. I’m not the biggest fan of Trump, but all his predictions that democrats called crazy are coming true.
I assure you everybody thought Greenland was valuable before Trump.
but there are totally no more mean words on twitter /s
Those people are too stupid to put 2 and 2 together, they are probably blaming Trump for the gas prices. You cant reason with them, they are lost.
Neutral voter here.. not blaming trump lol.
I would imagine the war in Ukraine has something to do with it though..
Do you think shutting down American pipelines might have something to do with it? Do you think that Bidens domestic energy policies have had any effect on the oil and gas prices?
I think energy policies yes, pipeline, not as much. (See my comment history for context)
What pipelines were shut down? I know the Keystone development was stopped, but it wouldn’t even be done by now? US oil processing is at an all time high, but all evidence points to this being a price gauging racket and is being blamed on the right, left, and Russia (which only accounts to 1% of our total oil imported, so wut?)
so wut?
Are you saying that federal policy has no impact on the price of oil/gas?
What federal policies are impacting the cost of gas right now? All I can find are proposals, but no concrete sources to back up any significant change in cost of production, availability of resource for use and processing created by policy, or tax increase to justify the change in price.
We are still the largest producer of oil and have one of the highest reserves, the exorbitant rise in price does not correlate with any regulatory proposals, and if you think corporations aren’t just raising prices to take advantage of crisis optics, I have some ocean-front property in Nebraska for sale
What pipelines were shut down? I know the Keystone development was stopped, but it wouldn’t even be done by now? US oil processing is at an all time high, but all evidence points to this being a price gauging racket and is for some reason being blamed on the right, left, and Russia (which only accounts to 1% of our total oil imported, so wut?)
Sadly, yes. There is nothing one could say, or no amount of factual data/evidence, that will ever change their mind. Not even worth spending breath on it. I mean, truth be told, we are the same. But I'd rather be stubborn and be on the side of logic and common sense than stubborn and be just plain stupid.
r/agedlikewine
It's still Trump's fault! /s
He was right on with the “get rid of your car” part too. Now, the Biden Administration is suggesting you get a $56,000+ electric car if you don’t like gas prices!
If that upsets you, take a “taibo class and have a margarita”.
Ya know, I think we all felt he was being his usual exaggerating and bombastic self there.
At LeAsT tHeRe Is No MoRe MeAn TwEeTs!!!!1 /s
I’m not the biggest fan of Biden (granted definitely wasn’t a Trump fan even if he had some decent policies), but come on, you can’t blame oil prices on Biden.
This is a result of a Russian dictator invading another country and over the course of two weeks making one of the world’s largest oil suppliers a pariah state. It’s shit, but it’s geopolitics.
If we don’t allow for alternative suppliers to fill the gap in 6 months - 1 year? Yea, that’s on Biden. But you can’t feasibly put a 1 month run-up in gas prices on Biden’s shoulders.
Nah, you can’t think logically, that’s brigading! Everything wrong is happening because of the person I didn’t vote for, and everything right is happening because of the person I DID vote for!
He killed a pipeline project, and curbed domestic fracking. Those directly affected the oil market.
The pipeline he killed would have brought additional Canada oil down. We should increase our own energy independence instead.
That pipeline project was never finished in the first place though. And the greater keystone pipeline still exists. I don't see why prices would go up if Canadian supply never changed from president to president
it's been more than a 1 month runup. gas prices have been going up the entire time biden has been in office. they did go up also the last few months Trump was in office. but that was a rebound from the drop in early 2020.
in 2017, 2018 and 2019, gas prices stayed between $2.20-2.90/gallon. and that was during a strong economy. there is obviously something to blame other than Russia or they wouldn't have been rising for the year before. there were 10 months prior to the Russia invasion, that gas prices were higher than any time in the 4 previous years.
You talk about 2017-2019 but that’s omitting that in 2020 we then had a global pandemic which shut down supply lines and hurt a lot of global economies. The Fed having interest rates artificially lowered to 0% (used to boost economic growth) naturally led to everyone making riskier moves and that backfired hard due to the pandemic. The reason we saw oil prices going up at the end of Trump’s time in office (and the fact they continued after he left office) were due to that and the pandemic. We were going to see massive inflation regardless due to the wonky handling of interest but when you couple that with a global pandemic followed by a war (in which one of the worlds leading suppliers of oil is involved) things are going to get crazy.
Anything until March-April 2021 is on Trump because Biden’s policy wouldn’t affect oil until after a few months in office (there is always a lag). I don’t like Biden (didn’t like Trump either) but people can’t fairly lay the rise in prices entirely on him given the circumstances and the fact that prices have risen in the entire world over the last few years. Have the polices under his presidency influenced gas prices, it is certainly possible, but he isn’t entirely to blame. If Trump was in office we would similar increases in gas prices (you yourself mentioned that in late 2020 prices were rising and showed no sign of decrease) and it wouldn’t have been entirely his fault either.
Well, we have had an unusually high number of problems in Bidens's presidency. And there is always someone saying it's not his fault. Must be nice having such a high paying job and being allowed to do so poorly with no consequences. I guess that is an accomplishment.
Yeah nothing wrong happened in Trump’s presidency. Oh wait.
There were 3 good years out of 4 under Trump. Biden is now on his 2nd bad year and it's probably going to be 4 out of 4 bad years. It's pretty obvious which one is better. But yeah, Trump didn't succeed in stopping a worldwide pandemic. So you got him on that.
https://thumbor.forbes.com/thumbor/711x515/https://blogs-images.forbes.com/rrapier/files/2019/01/January-Gasolines-Prices.jpg?width=960
2015-2018 were great years for gas prices too.
Follow the money. Who is making money off increased gas prices? Not the government, but the oil companies. Their YoY profits are through the roof. They are trying to compensate for bad management from before and during the pandemic. They operate on booms and bust and use the consumer to compensate for the losses.
1 month run-up in gas prices
Yeah, 2021-2022 is a month.
To all the folks saying 'HoW dOeS tHe PrEsIdEnT aFfEcT gAs' - the fact that you can't easily find out why should tell you something. The most straight forward fact point aside from the media/biden alliance covering this administration's failures is to just look at the US's ranking in terms of oil production from 2018-2020
Well, when you kill domestic oil production and pipeline building so your country can be more beholden to international oil and its volatilities - it is pretty clear how a President can affect gas prices.
I hear you but covid didn't really have an effect until early/mid 2020, and if you look at the charts you'll see oil production dipped, and has been slowly increasing since. Biden and the current administration is partially to blame for sure, but the fact is if you compare oil production during covid before Biden took office and then oil production after he took office, the countries oil production has only really been climbing. Now i'm not saying Biden did anything to make that happen, oil production probably would of continued to increase regardless of who became President. I just wanted to add that since i've been hearing for a while now that oil production has been down. I haven't checked out the Feb 2022 statistics yet though.
Edit: Why am i getting downvoted for sharing a statistic that's being overlooked? Ignoring key pieces of information is only sabotaging the parties credibility.
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It's almost like the US is the single largest producer of petroleum products on earth.
That's a dirty secret. Big Oil wants you to think we don't have much of it, so we have a reason to deploy troops around the world to secure more of it. Meanwhile, we're sitting on multiple centuries' worth of oil.
I'm sure that has absolutely nothing to do with Biden completely sabotaging the American oil and gas industry and shutting down pipelines.
I don't understand this 'completely' talking point. Keystone wasn't even close to complete, and other construction projects (DAPL, Line 3) have been permitted and construction is ongoing.
My understanding is that available sites are fewer and regulatory costs are higher. But this has also been the trajectory for literally decades.
Easy enough to look at overall production: per the EIA, i.e. the folks who publish US oil reserves every week, we're about plum with 2018 production and not terribly far off 2019. Data simply does not support 'completely sabotaging'.
DAPL was finished in 2017 and the final permits for Line 3 were improved in December of 2020. Your source on production shows a 9% decrease from Dec of 2019 to Dec of 2021. Most importantly, you do not at all address future oil production which is the most important cause of price changes, as oil prices are highly speculative.
Notwithstanding that litigation about both have been ongoing (though the Texan operator of DAPL was recently refused cert on their final appeal to SCOTUS), I appreciate the clarity.
Market forces are always primarily concerned with future expectations, not arguing that. I was really only trying to address this idea that the President "completely sabotaged" domestic production. Yes, production is down, yes that may exhibit some dependence on present executive policy ... but I never said that wasn't the case. I literally posted the graph that clearly shows the decrease.
Your graph underestimates the impact of Bidens policies because Trump significantly expanded production and a lot of that cannot be undone. Biden has essentially frozen all new development so saying he sabotaged domestic production is accurate.
How did the US go from exporting oil to begging Iran and Venezuela to increase production then?
Your initial assertion was that Biden "completely sabotaged" domestic production. As you can see, the data doesn't really support that.
It's fair to talk about global production, it's a global commodity of course, that just wasn't the point of your initial post.
Of course it would be helpful to increase production in the countries that have the ability to do so ... literally because there's a supply dearth provoked by the sanctioning of a failed state's aggression on a neighbor. Russia unilaterally attacked a sovereign democracy; play stupid games win stupid prizes. It's unfortunate we all have to pay for it but if what you want is lower prices, then it makes sense to pursue all avenues of increasing supply. I'd prefer they relax restrictions at home too, AND leverage regime change in Venezuela and Iran by dangling economic carrots.
US production has decreased under Biden and all of his policies are hostile toward the oil and gas industry. I know oil is a global commodity and the last time I checked, the United States was part of the world.
The goalposts have now moved twice. You have yourself a good night.
What are you talking about? Whatever, dude.
Canada is really feeling it right now 🥲
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We weren’t just making oil for ourselves, we were exporting to other countries too. Plus, supply and demand.
Why would hamstringing the oil production of the world's largest oil producer impact oil prices? Is that a serious question?
And then he fucked over Canada by cancelling Keystone. He seems to want American enemies to win.
Supply and demand. Less supply, more demand= higher prices.
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They are number one lol
https://www.investopedia.com/investing/worlds-top-oil-producers/
Do you just spout off the first thing that comes to mind or do you sit and think for a second before posting? Do you even take the time to comprehend what was said by the person youre conversing with?
Seriously google 2018/2019/2020/2021 largest oil producing countries. You dont even have to click as Google deliver the answer right away. Gee, I wonder what changed in 2021?
Wow, you are either really stupid or you watch too much MSDNC. Do your own research once in awhile and quit drinking the Kool-aid. It's poisoning your mind.
Why would that effect the entire globes oil prices?
The US was #1 oil producer in the world. WAS. Thanks to Joe it's not anymore.
https://www.eia.gov/energyexplained/oil-and-petroleum-products/where-our-oil-comes-from.php
The United States became the world's top crude oil producer in 2018 and maintained the lead position in 2019 and 2020.
More supply. Really? I needed to explain that to you?
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You're referring to a singular pipeline that was in development. Biden stopped oil production that was already functional on top of stopping its production. The amount of oil and gas leases available are less than a third of what they were, and the restrictions they come with are costly to follow. America was a massive exporter of oil before Biden came to power, and as such the massive drop in world supply would most certainly affect global pricing. I don't know why you resort to insults so quickly, but that's no way to have a discussion as an adult.
Pipeline wouldn’t be ready for another 2 years tho…and Biden can’t affect the worlds gas prices.
Yes he can. All he has to do is clean up the mess from his temper tantrum against Trump and reinstate Trump's energy policies and we have a massive influx of oil into global markets. Remember: before this invasion gas had gone up nearly 50% since Biden took office, there was no war in Ukraine to blame that on. Biden's policy is just making a bad situation even worse.
Biden can't affect the world's prices when he single-handedly cuts the legs out from under the top oil producing nation in the world? Do you have a brain or just spout CNN talking points?
Here’s what makes you look like an idiot. Canceling leases, fracking, mandates,etc affecting our prices. We were independent
We were exporting oil and gas under Trump, now we're importing it.
Because commodities markets are global.
I love how awards on comments are basically a negative on this sub.
I saw the gold and instantly knew this was a leftist comment trying to push an agenda.
Please see responses to your comment with significantly more upvotes and no awards for why you’re wrong.
The entire globe is paying way more since Russia invaded Ukraine but it’s been high for the U.S. the past year…there I fixed it
It's been high for the globe. Australia, UK, Germany, France, etc. etc. have all seen increases in line or surpassing US price increases.
Except for the countries that don't depend on others for their fuel. You know, kinda like the US was under Trump.
The US exports MORE than it imports. We could just stop exporting so much and keep it, but then that would dick over our trade partners in Mexico and Canada.
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So if trump was in office we would be the only country in the world to have cheap gas prices? Arguing your own logic against you
There are many things that would be different. For starters, wouldn't be one year behind finishing the pipeline. Gas may be at $7 now, but under Trump I'm going to guess it would be less.
The fiasco at the ports would have been handled better. He wouldn't have the moron that's in place now running transportation.
Wait, didn't Trump advocate for higher gas prices?
You first have to prove that if Trump was in office the same set of events would have transpired.
If you really believe it would play out the same way, you believe in some sort of weird predestination.
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So you’re suggesting Russia doesn’t invade Ukraine is Trump was president? Tf?!?
Such an easy way of dismissing an argument cause you can’t give an actual explanation. And you won’t reply to this because you don’t have one
On the 28th of February the average price for a gallon of gas in Paris was $7.70.
It's always been far cheaper in the us, and world prices are absolutely impacted by a decrease in supply from the world's #1 oil producer.
And why is that?
Because the world's second largest oil producer just started a war?
Gas has been rising since before two weeks ago
Obviously because Biden is the Queen of England.
But we didn't have to. Used to be we exported fuel. Now we don't and are paying through the nose for fuel.
In a different world we would be printing $$$ exporting fuel at these prices. Instead we are paying $$$.
Because Biden pissed off Mohammad bin Salman and destroyed our relationship with Saudi Arabia. MBS ain't gonna do shit for Biden and America.
Yeah but we're not the entire globe
But hey, No Mean Tweets. I could handle a few Mean tweets not to pay $50 to fill up my Hyundai
It's (D)ifferent.
Can anyone point me towards policies enacted under Biden that have effected gas prices.
In November 2021, the Environmental Protection Agency announced new regulations governing methane emissions from oil and gas production, transmission, storage, and distribution that would cost more than $1 billion a year.
Last spring, Biden signed a resolution that overturned Trump administration reforms to EPA oil and gas rules. This resolution will worsen energy poverty, reestablish burdensome regulations, and have a disproportionate impact on small businesses.
https://americansforprosperity.org/biden-policies-raising-gas-prices/
https://www.cnbc.com/2021/01/27/biden-suspends-oil-and-gas-drilling-in-series-of.html
25% of U.S. oil and gas production comes/came from federal lands and waters.
Serious question, I would also like to know.
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That makes sense, thank you explaining. I definitely noticed the guns and ammo thing. Which I understand because it seems like the majority of the Democratic Party thunk all guns are bad all the time. But I didn’t know it was happening with gas too. I wonder how much the price is going to change now that Russia has pulled this fucked up shit. Again thank you for actually explaining. Sometime questions on Reddit get answers you aren’t looking for.
Causing the conflict in Ukraine.
Care to explain how he caused a conflict in another country that’s been ongoing since at least 2014?
https://m.youtube.com/watch?v=JrMiSQAGOS4
Trump knew this. Biden and Obama did not
Gas prices are going up worldwide, Biden isn't president of the whole world.
No, but Biden caused the inflation that's happening in the US now and he stopped buying oil from Russia. We were buying 640k barrels from them per day. Trump put the Keystone pipeline in place so we could achieve energy independence. Keystone XL would provide 800k barrels per day, but Biden shut down the Keystone and he cut off Russia. Now it's on Americans to carry the financial burden of that supply shortage.
inflation that's happening in the US
Would say that has far more to do with Congress before he even was elected and national reserve going all money printing.
Keystone Would change nothing on American oil becuse it was to export Canadian oil world wide. Also Would take a couple more years to complete
The keystone pipeline would only be functional in a couple of years anyway
How many barrels does Keystone provide a day without XL?
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Hypothetically if this plan was never canceled, the XL project would probably not be finished yet (as it was only 8% done when canceled), and going from 700k to 800k barrels is a 14% increase.
I would imagine this is an extremely small factor in prices at this moment.
Biden energy legislature might be more to blame than the pipeline extension.
the inflation went up bc of the handouts. The gas went up bc we stopped buying Russian and we don't have any other source to make up that deficit. If we had the pipeline to make it up, that would be different, but Biden shut it down and now here we are. That's what I'm trying to say.
The liberal mind is literally the retarding of all cognitive ability
Before or after the Enlightenment? You know, that period where classical liberalism became the gold standard and the human lifespan doubled vis a vis science and rationality?
Today's liberal is not even in the same ballpark as Enlightenment Era liberal. Heck, today's liberal is not even close to a 1960's liberal.
Yeah. How is that going now that we have abandoned it?
Praying he’s talking about CA residents and it doesn’t get much worse in the South. This is fucking ridiculous.
Deploy for a god damn year and come back to my savings being worth 9+% less and everything being inflated out the ass.
Iraq seems like a better place to be..
If we were allowed to fully drill for our own oil, Russia would have no impact on our prices. The Dems are just blaming Russia for what was caused by this administration.
Ehh no. USA oil producers Would export massive amount.
Its not like Biden orders oil from Russia to begin with its oil companies do that. Why? Becuse thier oil is cheaper and they can earn a larger profit from it than US oil.
That wouldn’t be the case if we Biden lifted the “sin tax” on oil and deregulated. The policies and laws in place make it more expensive to produce in the US.
It does make it more expensive to produce in America true. But even then Russian costs would be lower. The costs attributed to Biden is pretty much nothing.
Fracking revolution lowered it and made it more competitive to other ones but still far more expensive than Russian oil because of its type.
Also Oil companies dislike paying for the costs of their actions. Obviously it would be cheaper for them if they didn't need to deal with the negative consequences of the land of the actions they do. Or pay more money to make sure oil or chemicals doesn't mix with ground water.
I bet if you asked a liberal, their answer would be "Trump caused the rise in gasoline."
Rent. Free.
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Gas prices right now going up in the last week has very little to do with people driving more. If that was the case this would happen every single year. It’s primarily because of the sanctions.
Does anyone here know how gas prices work?
Do you?
I would like you to explain to me why gas prices are so high right now and how it's bidens fault.
Easy.
While high gas prices is not all to blame on Biden. Biden and his liberal policies are definitely a contributor. I just wish liberals would admit it instead of pointing blame everywhere else.
Weak argument. You literally want this to be true, but it has no factual basis. Truth is, nobody knows what Putin is thinking.
Keystone XL phase 5, which Biden ended, had not even been built yet. The entire other phases have never stopped running. We are literally in the same exact position we were under Trump. Biden just ended new structures from being built for environmental reasons. You can disagree with this decision, but it has not changed where we would be today. Even if the pipeline was allowed to go through, it would still not be online to effect current gas prices and this section of the pipeline would be carrying roughly 900,000 barrels per day. This pipeline would need to have been active about 10 years ago for roughly a penny decrease in current prices....
Like the Keystone Pipeline the Federal land that was banned, was new lands. So, again, we have all our pre-existing infrastructure we are still using from just a year ago. Ironically, public land drilling is up higher than any year under Trump.
Bottom line, I highly highly dislike Biden, but there's not much to blame him on for gas prices. I find it important to do your own research in this misinformation age. Based off my own research, it seems that with most people are going back to work at the office, which is increasing the amount of gas being used. High demand, brings higher prices. The war with Ukraine now will result even higher prices.
Spot on. I do think once Trump's OPEC deal expires, which made OPEC reduce production in favor of allowing Russian oil into the market, in April that should provide some relief.
Commodity prices are highly speculative and based on future supply, if you contract future supply then prices go up immediately. Gas prices before the pandemic were at $2.13 (Jan 2019) so blaming it on that doesn't work either.
if you contract future supply then prices go up immediately.
How is future supply contracted though? Keystone wouldn't add a single barrel of oil to supply. It would just make it cheaper to transport. All of the oil that in how many ever years it would take for keystone to complete, is now going through rail and tanker.
The oil industry still has a shit ton of oil and gas leases, just not as many newer ones. They can develop the leases they currently have. Nothing is stopping them.
"Just not as many newer ones"
By which you mean "no newer ones" yeah? Since the Biden administration hasn't approved any so far.
Production from existing leases is forecasted out for decades and is figured into the current price of gasoline. If there is no new supply, existing supply is cut and demand increases then obviously prices are going to skyrocket.
They hold enough leases to cover anything for hell decades if not longer. They hold onto them and do not develop them. How about we tell them to develop the shit they already hold?
It needs to actually be cost effective to develop, I find it hard to believe that there are a plethora of undeveloped profitable leases being sat on.
They have many thousands of leases that are approved for drilling but are unused. Why go through the permit process?
Also any new leases would have to go through that permitting process and would take years to develop. It wouldn't have any effect on today.
All of the 9000 or so of the leases they currently hold are still valid, they were not taken away.
It needs to actually be cost effective to develop
The oil that would flow through keystone is not cost effective. To even break even it needs to be around $60-$80 a barrel.
I find it hard to believe that there are a plethora of undeveloped profitable leases being sat on.
I don't. They can easily be cost effective but the ROI is slightly less than a potential new lease. But who's to say that new lease will turn out any better and not left dormant?
Why do companies try to save a penny here or there on a product? It's about maximizing profits, not that something can't be profitable if you don't maximize it. So I believe the current oil leases, maybe not all, but definitely a lot of them could easily be profitable but not as profitable as some others might be.
Do you have a source on how many leases are dormant? And how cost effective they would be if productive?
Brent Crude is currently over $120 a gallon so I don't think the Canadian oil has any issue being cost effective.
I love how you cultists wanna gloss over the money Trump owes Russia. Or the “perfect” phone call that the idiot tried to illegally withhold funding to Ukraine, because his daddy Putin was already planning this. God I am so not left, but as an independent y’all need to use your heads an do better. Fuck Biden, but do better.
I think Trump is bad too don't you worry
I’m just so sick of the fucking party lines. This isn’t sports, everyone needs to pull their heads out of their asses before we become the next Russia.
The hypocrisy of your last two comments is breathtaking
That's way too hard for them to explain...
By poking Russia into conflict with Ukraine.
Way too admit you don't I'm actually impressed.
Can be stop being right
Already 7 in California
Wow. Nailed it. Nothing wrong with having news show the truth.
Amazing how accurate he is.
The whole world is paying more for gas, idiots, not just the United States.
Why is this getting downvoted so heavily ?
But hey! Oil CEO’s will get a nice lil bonus for higher revenue and buy back more stock. Yay.
Well Biden aged like milk.
I’m Shocked I tell you, Shocked!
Well, I’m not that shocked.
I'm convinced he has a crystal ball!
You should be required to show your vote before you buy gas. Democrat voters need to be charged more to subsidize cheaper gas for conservatives.
You know, reparations.
So freedom should be free? You are not willing to subsidize a democratic country's survival? OK, I get it.
This is wild. People should be free to vote without fear of backlash. Democracy doesn't work otherwise. The proposal here just sounds like how a dictator would get elected and stay in office.
You need to transparently acknowledge that US oil production dropped 8% year over year in 2020 while Trump was president. And it's basically never rebounded.
Can't blame Biden and the EPA for that one.
You mean in the middle of a global pandemic? It's unreasonable to compare numbers from 2020 with any other period. In 2019 we had record petroleum production and became energy independent for the first time. In January of 2019 the price of gas was $2.27.
It's pretty hard for oil production to rebound in 2021 with the Biden administration blocking all new oil and gas leases, as well as new LNG terminals and other projects designed to increase supply and decrease supply costs.
It dropped 8% alone in January of 2020, before the pandemic. Oil prices were low and drillers reduced capacity bc low oil prices didn't make drilling profitable.
Yes the pandemic and lack of new approvals are a factor, but free market decisions made by oil producers also play a part.
Imagine thinking that the POTUS controls gas prices, not the multibillion dollar oil companies. Shell bought a ton of russian oil just now at a huge discount, but they still are raising prices exorbantly. When the economy goes down, we suffer the consequences. When it goes up, only the CEOs and shareholders get the immense profits for their 7th villa in California.
Oh no, we are saving the planet by getting fucked for ridiculous gas prices, because we are going along with getting fucked for no reason, because our own resources cant possibly make prices lower. I'm super happy to give russia & the middle east more. Because that's how you be "patriotic", right. Maybe if we bought some from Venezuela, that would be even more patriotic, since we told them to fuck off before. And if I may, all downvoters can fuck off too.
Russia is sanctioned. No gas is currently coming from Russia.
The last time I checked, the President has no influence on the price of gasoline.
No control over the price, but his decisions will for sure spook the market which does effect the pricing.
Unless if it is lowered, then it's Biden's brilliant policies.
https://www.whitehouse.gov/briefing-room/blog/2021/12/14/progress-at-the-pump/
The amount of crude to be extracted from the Deepwater Horizon was estimated to provide 12 seconds of global demand. The global oil reserves release last week are 1/2 a days worth of oil consumption. The President has no control over oil prices.
Every time something goes wrong lefties say "President has no control." The minute anything goes well, they scream out saying "President Biden's amazing policies. Adults have returned." And all that nonsense.
Frankly tired of this shit.
Yeah, but you know he doesn’t set gas prices right? The oil corporations do, and they’re making RECORD profits. If Biden was to say, try to put a price limit on gas, you would be complaining about socialism. So which would you prefer?
Make your own... oil companies, I guess. That's the way things work these days, right?
What do you mean by that? Sorry, I’m not following
High gas prices, war and stocks tanking.
7.5% inflation. but he gave great advice about how everyone should start commuting again.
devil rats love to tax stupid cows instead of giving these cows free hay
I love that he called it!
Lol
Just drove by the gas station, $4.10 here in SW Ohio. Fuckkkk
America is screwed and rest of the world along with it, in a power vacuum created by destruction of America, there are only one country that will fill its position and it’s China and Biden is in cahoots with the Chinese to make sure that it happens during his presidency
I had taken Biden's pilfered win in the election with grace as I had said maybe Biden won't give a shit about the economy and houses will start to fail so I can eventually afford one.
Really starting to look like I was right... unfortunately.
Pull yourself up by your bootstraps, work harder and buy a house.
Mmm, nah.
Median income hasn't increased in kind to support the increase in residential housing that we've seen; people aren't making more money to support the demand. People are over-leveraging to get into a hot market that sells a product I don't really need to have for the next 5 years.
I make plenty of money to be house poor for sure, but I refuse to buy when the prices are high, hold the bag after the house has lost market value, then sit on bare floors while I'm starving just so I can have a house in a market with no demand with the asset bubble completely popped.
No thanks.
I bought the dip in 2015, and my house has made almost 6 figures a year in the last 3 years. I applaud the market as I have profited from it from smart timing of the buy. Go free economy!
The reason the market is so hit isn’t just because of over leveraging. It’s because how much capital is being poured into buying and flipping or building new is happening. This below is what’s fucking the market right now.
https://www.theguardian.com/business/2021/nov/04/zillow-homes-buying-selling-flip-flop
Meanwhile here in Portugal people are paying 8.25/gallon with a minimum wage of 769$ before tax.
...
I hate Trump. I hate him more now. Fuck
And if Trump was re-elected the US would've sided with Russia just keep gas prices down and his ass in Putin's hand.
Hillary made that up, buddy. Do you really not know that yet?
Every thing trump did antagonized Putin. Saying trump/republicans are supporting Russia is the most hilarious lazy smear yet.
You are willfully ignorant. https://www.politico.com/news/2022/02/23/trump-putin-ukraine-invasion-00010923
“I knew that he always wanted Ukraine. I used to talk to him about it. I said, ‘You can’t do it. You’re not gonna do it.’
withholds military aid to Ukraine for political blackmail
gets impeached because of it
Yea. So tough.
withholding aid is nothing new (it should all be withheld permanently from everywhere) the impeachment itself was political
The whole part of whitholding aid for the sake of political blackmail somehow …WASN’T political? Mk.
The only thing about the impeachment that was political is the entire Republican Party bending over for daddy and showing the world they have no morals.
of course political parties have no morals
it's all blackmail that's what it's for
You know when you took that IQ test getting a 10 is not good, right? It’s not a 10 out of 10 type thing.
Wow. What would it take for feeble-minded people like you to admit that Biden is a disaster on every conceivable level? How do you expect families to survive if gas is $10/gallon combined with soaring prices in every other sector of the economy? Wake the fuck up
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How would the United States ramping up oil production to increase supply have a negative effect on Ukraine? In fact, if countries weren't dependent on Russian oil, it would be very damaging to Russia.
I understand that position. But my argument is that Trump would have sided with Putin and therefore continued to import Russian oil. He maintained deliberately close ties with Putin and has said he agrees with the decision to invade Ukraine.
I completely disagree with that. Things couldn't get much worse right now, but you're still focused on Trump. It's absurd.
This conversation started on a post about what Trump said, hence that's what it's about.
Just pull yourself up by your bootstraps, buddy! My quality of life hasn’t changed much over the past…I dunno…decade or so.
If my grandma had wheels she would have been a bike.
I wasn't aware that the president sets gas prices. Biden has also raised gas prices and cause economic problems world wide!
I'm in this picture and I don't like it. Just paid $30 for half a tank. The road trip we have planned for this summer is suddenly NOT the cheap vacation option.
LETS FUCKONG GO BRANDON!! LETS FUCKING GOOOOOOOO!!!!! BRANDON!!!!!
BRANDON LETSSSSSS GOOOOOOOOOO!!!!!!!!!
BRANDOOOOOOOOOOONNNNNNNN!!!!!!!
I DID THAT!
All these memes with americans complaining about the fuel prices. lol. been like this in europe for years. welcome to the club. you might wanna think again buying your Ford F-150 6l V8
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how is it bidens fault though?
As if presidents have total control over gas prices, you absolute chodes. I’ll gladly pay more in gas if it means we don’t have a Russian asset who doesn’t believe in democracy or science shitting all over the White House.
You guys all realize Trump would have us allying with Russia right now, right? How can you dweebs still call yourselves “conservatives” when you’re really just members of the Trump cult?
He also thought nukes could stop a hurricane. Presidents have very little impact on oil prices. Also, it takes 3-5 years for economic policies to take effect. Who was president 3-5 years ago?
Soon
I have a plan. I am only going to drive to places that are downhill.
https://www.youtube.com/watch?v=QBvCCTzTzuk
yeah but mean tweets :(
Hubby went to get gas for riding lawn mower and truck. Pump cut him off at 75 dollars. And truck wasn’t full.
I bought a used phev immediately after the election. It wasn't hard to see this coming
Lol womp. This got down voted by 200 in one click
I saw $0.99 in Wisconin, and combined a few discounts down to $0.87 in March 2020 while I was in town for business.
Conversely, I went from Boise to Commiefornia for another business trip, and just by crossing state lines and the Ukrainian war, gas went up almost $1.50 in less than a month for me. Can't wait until I'm back.
He also said vaccines were good and you guys should get one
Spot on. Too bad he's a dickhead.
Lmaoo
He's a prophet unconsciously
Buyer's regret is biting a lot of leftists/Biden voters in the ass now.
At this point Trump is looking prophetic given his forecast on European oil dependency, NATO member spending, and gas prices.
U.S. citizens, we are all getting fucked sideways. Either party throws us a bone and pat us on the head, we wag are tail and think we made the right choice.
Although correct, the reason in the UK for price increases are mostly based on global supply and demand issues. Something tells me there are other factors in the USA that are policy based. If anyone is aware of any of these, please let me know as I'd like to be educated on the topic. Thanks yanks
Save it for another week the price will go up to nearly $5 average then blast it on all socials.
When Trump was in office I usually found his interviews and speeches kind of cringe-making, he had such a limited resource of adjectives. Of course, now, Joe Biden makes him sound like Winston Churchill.
But what really surprises me in the post-Trump years is how often he has been proven to be right about things. The media refuses to give him this acknowledgement.
I look forward to his support of Desantis presidency in 2024 with the aim of ensuring Biden can no longer control the levers of power.
NEVEEERRRR TRUMMMMPPPEERRRRRS AAASSSSEEEEMMMMBBBBLLLLEEEE!!!!!!
The fact we were in a pandemic and gas prices dropped bc no one could drive anywhere, isn't discussed or even mentioned.
Srsly believe you all are smarter than this...
Gas was $2.23 in January of 2019
It’s freaky how right he is about everything. We need a president who can look ahead like this
Is it really Biden’s fault gas is higher? People I know say it’s not his fault but they will die with Biden lol
$120 for 15.9 gallons!
That's what war with Russia will bring.
Trump is a fine wine.
Pervert Joey is bitter, stinky vinegar.
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it’s cuz of decreased supply of oil due to russia-ukraine situation
Can someone post this on r/agedlikemilk and see how quick they will get banned
Those that voted against Trump wanted this. Funding fossil fuels is coming to an end. Focus on renewables is being taken seriously. Few if any expected this change to have no cost. I'm happy to pay the price. It brings me joy knowing we're finally taking serious steps to mitigate our climate crisis, be energy independent, and create lasting jobs. No more Americans dying in the sands to maintain our energy source. No more small slowly towns being murdered by fracking operations. No more drilling companies lobbying to destroy unique and delicate habitats all to dump it on our shores. I can finally say I'm proud of something America has done, even though it may be too late.
Gas was $2 a gallon because everyone was quarantined, all business closed. Unemployment was 14% then. Want to give President Bone Spurs credit for that too, you fucking infants?
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Hur hur hur, Biden bad Putin gas good Hur hur hur. We get it, your feelings don't care about facts.
This is quite possibly the dumbest take I've ever seen. Yeah, gas is expensive because we've had to sanction Russia for being a shitty country wanting to take what isn't theirs. The entire world is doing it, not just Biden. The president doesn't regulate gas prices, get your head out of your ass
Gas was $2.11 a gallon 2 days before the election and was over $3 a gallon by June 2021
i just don’t get what the president has to do with gas prices
Because you don't pay attention
could you answer? to me it just seems like oil executives squeezing
The Department of the Interior has blocked all new onshore oil and gas leases, basically implementing a freeze on new exploration and development. Permits issued by the Trump administration have been revoked, while approvals for new LNG terminals have also been stopped.
Gas prices sky rocketed in Europe too. Gonna blame Biden for that too, idiots?
Yes
Get an electric vehicle. Gas prices are irrelevant.
I'm sure all the working class rural Americans will get right on that
Because Biden invaded Ukraine? Are you suggesting we continue to buy Russian oil to fund their invasion and slaughtering of civilians so we can pay less at the pump? Spineless cowardice.
Gasoline was $2.11 two days before the election, 6 months later that number was over $3.
Let's not pretend that the current gas prices are due to anything but the Russian oil embargo. Don't insult your own intelligence.
No.
We need to spin up the shale/fracking sites and drive oil back down to $30-40/barrel
Yes, Biden is a spineless coward whose policies and actions provided Putin a figurative green light for the invasion. But go figure how Burisma, Hunter & Joe’s Ukrainian business interest, was making huge profits from deals with Russia during the Obama reign…. And now Hunter has business interests in China. Hmmmm 🤔
Ok, so just for the record, Russia being emboldened and invading Georgia in 2008, Crimea in 2014 and Ukraine in 2022 is because of Biden's failed policies? Learn something new every day...
Crimea was enabled by his Daddy Obama’s weak, and pro-Islamic, foreign policy. Georgia had an incredibly mixed bag that had more roots in Russia trying to stop Islamic forces in the region (as with the Chechen war) which was not that far removed from the GWOT. But Bush helped fuel that fire by backing NATO membership for Georgia. And much of that was necessitated by the need to side-step Turkey and have alternate access routes to the Middle East, from Europe…. So, you can try a real deep dive to get that record straight. And that will get you into Clinton’s policy during the FRY conflicts that branded it as ethnic cleansing by Serbs instead of the inside atrocities by Islamic forces that instigated much of the fighting.
If you guys ban me, does that mean I won't have to see your mental gymnastics in my popular feed anymore?
Nope!
Being banned doesn't mean you can't see it anymore. Your best bet if you don't want to see it is to leave Reddit entirely.
Trump is not a conservative
You know what aged like fine wine? The 14.8% unemployment rate under Trump. Let's at least be honest..... it was Covid..... not a president. Also, since I'm actually a conservative, let me be the first to tell you this: I'm not tired of winning. My party lost the white house and the senate because of this fucking idiot. Think.
Prices are raising due to speculation by private oil companies, what does this have to do with the president of the United states? Prices are raising around the globe, there has been no ban on imports into the us.
OPEC....
Eyesrolled
Other countries are also paying more for gas, how did Biden affect that?
Restricting future supply in the world's largest petroleum producing country, and letting Russia invade Ukraine.
Looks like Biden is showing restraint by not engaging militarily and letting EU countries lead with sanctions. How is that Biden affecting Russian export of gas? Sounds like he’s respecting the choice of our Allies.
Edit: America is the worlds largest producer of oil.
He restricted our own production of gas, not the Russian production.
It’s time for a unified front.
Not just our President, but a Fkn Prophet as well !
Why do people still care about Trump? Or presidents in general? Guess people just got to think they're voting for their savor/scapegoat with that type of stuff. When reality is the system and the global scene is what dictates how life will be for many. Regardless I don't drive so this doesn't affect me at all.
Meanwhile the Reddit hive is bitching about gas prices. I sure love consequential ignorance.
Nevermind its caused by the war.
Well it would be right if the whole world wasn’t struggling with it, america actually has it better than a lot of places
cough there’s a Fucking war and we’re sanctioning oil cough
Trump is garbage too
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Right. So then you think Trump was a prescient wizard that knew Russia would invade Ukraine and start a war? That’s the reason for the surge in oil. You know what they say about a broken clock being right?
Funny how Putin invaded Ukraine while Biden was VP, did nothing while Trump was in office, and then once Biden comes back goes right back at it again.
Are Trump supporters pro Russia?
He was also right with European countries not spending enough on defense. Now they are scrambling around.
He was right about Germany and Nord Stream 2 back in 2018 but instead the fake news media chose to slander him instead. And they wonder why we have 0 trust in them.
https://www.youtube.com/watch?v=1JpwkeTBwgs
Wow, what a clip. For having no previous political experience, he really does understand how stuff works. Too bad nobody listened to him, Russia might’ve been kept in its cage.
Yep. He had zero political experience but managed to have a working relationship with the Saudis. Unlike experienced politician Biden who threw away that relationship for absolutely no gain during the primaries after the Khashoggi incident. Now the Saudis are fucking us at the pump and working with Russia instead.
He has no idea what he is doing. But the people who write speeches are morons
It would be less scary if he had no idea what he was doing. Just some bumbling old man in need of assistance, him and his ilk know exactly what they are doing though.
you don't need political experience is what it's starting to look like. Just can't be an outsider or they'll Trump you.
I want to see Trump in 2024 to reign in the deep state. Trump knows the asshats he's fighting at the CIA and FBI now and can clean house or at least make their lives miserable.
That's why Trump is a billionaire.
You're dreaming.
He's not a billionaire. He inflates his self worth daily, depending literally on how he feels that day.
I don't doubt those two things are tied together.
Lmao, blackmailing Ukraine for dirt on political opponent, and pushing for backing out of nato. If more people had listened to him Russia could have taken Ukraine for free.
I recall Trump trying to strengthen NATO by making member nations pay their fair share. And if he and his energy policies were still in place Putin wouldn't have been able to finance this mess
I’ll take cheap gas, no wars, a good economy and mean tweets over your cringe virtue signaling and fake outrage all day every day.
Well, their outage is real. Based entirely on fallacies, but real. Some people will believe anything their keepers tell them.
So instead you voted for the guy who blackmailed Ukraine so Ukraine would cover up his corruption.
And Trump was 100% right about NATO. Without NATO we wouldn’t be in this mess.
Well, son of a bitch.
Found the idiotic liberal take of the day. Great job!
See it has 30 downvotes meaning it’s just a bunch of nonsense.
Kept in their cage? You know they illegally annexed Crimea in 2014 and Georgia in 2008. They've been out of the cage long before Trump had any say about it.
and who was president back then?
Obama of course who was the worst. Racism was basically over and he recreated it.
Oh hey, for sure. Just countering the "he would've kept Russia in their cage". The point being that Russia has been out of their cage and doing whatever TF they want for quite some time
you member the price of oil+gas before Trump?
Yes, they did whatever they wanted under Biden as VP like they do whatever they want under him as president. Except for 4 years under Trump they did nothing, we had no wars.
Not sure you understand the words you’re using.
Hahaha... Not sure you understand the concept of international law 🤣🤣😂😂
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https://en.wikipedia.org/wiki/International_law
Go to bed. The adults are talking.
From your own article. Head back to the toddler table and stop trying to cosplay as a grown up.
Hahaha, I seriously can't have a conversation with someone who just found out about the concept of international law 10sec ago about international law enforcement. You totally burned me though. Especially the part when I said that international law was enforced and everybody always follows it. Much the similar way that all Americans follow all laws prescribed to us.
Don't make a fool of yourself. You admittedly had no fucking clue that international law even EXISTED. You sir are not equipped for this conversation.
When Crimea was invaded it was an ILLEGAL invasion based on "breaking of OSCE principals and commitments. "
Here's another link.
https://www.gov.uk/government/speeches/seven-years-of-illegal-occupation-of-crimea-by-the-russian-federation-uk-statement#:~:text=Seven%20years%20ago%2C%20on%20the,decided%20to%20take%20by%20force.
Educate yourself
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Hahaha, cool man, you win 😉
Logic always does.
This. I've never considered myself a Trump "fan", in fact there are many things about him that just really bother me. But unlike a lot of people I can actually separate my feelings from facts and a lot of things Trump said were true. It's 100% true that almost every member of NATO has been a free rider, riding on the back of US military expenditures, my own country of Canada included, and the USA has every right to be very pissed off about that.
As a Canadian, I've paid lower taxes because my country essentially has no military. How could a country possibly get away with having no military? Well because we know the USA would defend us, of course. As I think it should - but at the same time we shouldn't be taking it for granted. It's like a cheap friend always taking your shit just because you're generous. Not cool. As a Canadian I must do my civic duty and say I'm sorry :)
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Exactly, we started this mess in Ukraine in 2014 and look at where we are now.
Yep, I was there when the EU and America were giving away free food and encouraging Ukrainians to dig out the cobblestone and rebel against their government. Where did all that aid come from? Hmmm. Then came the commercials telling you that you would get $50.00 if you called x toll line to report Russian sympathizers. Ukraine always heavily relied upon military contracts and oil/electricity discounts from Russia as they are basically related by blood. By promoting rebellion, they lost all of the special benefits Russia gave them and all of a sudden rolling blackouts even in the cities became the norm. Eastern Ukrainians are pro Russian bc almost every family there has relatives in Russia. Western Ukraine is what once was Poland and they have no love for Russia (obviously). Sad part is, EU has really done nothing to help Ukraine after they took all the risk and kicked out their president and got on Russia bad side.
If these nations developed their military, they would be less dependent on the U.S. for protection. If they depend less on the U.S. for protection, the dollar loses bargaining power. If the dollar uses bargaining power, the word's economy (chiefly the banking sectors) would begin to sink.
It's not just, but the U.S. is factually getting something out of being 'world police.'
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