However, I concede that the immediate inflation is not caused by Biden's policies.
You clearly don’t know how the oil market works. It runs on futures. As soon as Biden got into office everyone knows the costs to transport that oil will increase. To recoop the losses they would face, they have to increase the prices now.
Supply and Demand? Don’t decrease supply and prices won’t go high. Basic economics really
and the US isn't experiencing inflation any higher than the rest of the world
You and others claim these high gas prices is because of Biden. Not because of inflation (a global issue), not because of the supply chain and COVID's complete disruption to it (also a global issue) and you do this whole ignoring that the entire world is dealing with had prices just as high as us.
How has Biden decreased supply? Be specific and quantify how much it's decreased as well as how much this had driven up today's oil prices. I'll wait.
Economic neophytes don't equate high prices with high production, labor, and transport costs which also translates to a lack of investor funding.
None of which is under the control of the president of the United States of America.
So your argument is that gas prices are high because investors saw Biden get elected and went into a frenzy, and if we elect Trump the investors will calm down and gas prices will return to normal. Is that right?
How has Biden decreased supply? Be specific and quantify how much it's decreased as well as how much this had driven up today's oil prices. I'll wait.
Perhaps... or perhaps there are in excess of 9000 drilling permits already not being used amd the industry is simply always willing to take advantage of any shortage (or supposed shortage) to aquire more permits to hoard against the future.
What do you think Biden can do right now to stimulate oil production? If your answer is a predictable "nothing", then put someone else in charge that can do something.
If the president of the United States of America cannot simply make the oil companies lower their prices.
Clearly these are all dictated by supply and demand too.
Futures are a way to protect cooperate interests from the market.
I did not say it was the only thing just one of them.
It's a vague outline on how the US should approach green energy and inequality. How is this relevant?
Futures are a way to protect corperate interests from the market. The ultra wealthy are shielded fro the consequences of their actions in ways that we quite frankly can hardly imagine. An unregulated economy would not deal in futures. Futures are an attempt to subvert the natural ebb and flow of the market.
Recessions, inflation, unemployment, these are all features of capitalism not bugs.
Maybe you missed the voluminous explanation I provided. Read it and get back to me.
Trump sure as hell isn't perfect, but at least he didn't promise to decrease oil production and then followed through on that campaign promise with hundreds of executive orders.
It turns out that the buck stops with the guy at the top. So, the default assumption is that if you're in charge, you're responsible for what happens on your watch.
What exactly has Biden done 'wrong' in your eyes to a significant degree?
He failed to withdraw from Afghanistan without significant loss of life even though he had seven months of prep time
Do you even know what absolute moron is largely responsible for the entire escalation and then deterioration of Taliban activity in Afghanistan? Does 'mother of all bombs' ring a bell? Save the US from Islamic Extremists was it?
That's not at all what we are claiming. We are saying Biden is making an already bad problem worse with shit energy policies.
Coal pointed to more than 5 specific things and you rebutted none of them. Guess I will wait too.
Maybe you missed the voluminous explanation I provided. Read it and get back to me.
