Gasp Prices and Inflation

Author: Double_R ,

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There's no reason why Americans have to suffer while Russians can buy 3 dollar gas.
Does genocide not qualify as a reason?
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Does genocide not qualify as a reason?
Pretty sure Russia was an oil exporter before Putin decided to liberate Ukraine from the west.
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Liberate Ukraine from the west? Wow, you're genuinely delusional.
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That's what Russians say about you when you say "America liberated Iraq."
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Why can't you admit you were very happy to  hear Biden was going to "end fossil fuel" in 2020 and didn't care what that meant for average people.

Why is it only now that you care? Is it because your religion is losing it's church in DC?

I think so.
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I'm not, I've actually said he had some blame, not that I would expect you to pay attention to the context of this thread.
You said there is nothing Biden could do about, which practically absolves him of all responsibility.

But fine, I'm acting like Biden has ZERO blame and you're acting like he has 100% blame. How do we resolve this?
By admitting that Biden’s rhetoric during his 2020 campaign and heavily regulatory policies have directly contributed to most of the increase in gas prices.
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"Lowering gas prices is as easy as riding a bike."

-Joe Biden
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"Stop saying we are in a recession, you sound like a Republican Politician!"

-Joe Biden

Also:

"We are in a recession"

-Jerome Powell
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By admitting that Biden’s rhetoric during his 2020 campaign and heavily regulatory policies have directly contributed to most of the increase in gas prices.
Even Powell testified the high prices are not a result of "Putin"
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That's what Russians say about you when you say "America liberated Iraq."
 
Why can't you admit you were very happy to  hear Biden was going to "end fossil fuel" in 2020 and didn't care what that meant for average people.
Let me know when you want to have a conversation with me as opposed to you're imaginary Boogeyman.
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You said there is nothing Biden could do about, which practically absolves him of all responsibility.
Quote what I said along with the context. Good luck.

By admitting that Biden’s rhetoric during his 2020 campaign and heavily regulatory policies have directly contributed to most of the increase in gas prices.
No, because that's ridiculous. Gas price increases are primarily driven by the lack of supply which was obliterated during COVID. That's why every country in the world is experiencing a drastic rise in gas prices.

Ukraine/Russia is also a major driver, but I'm pretty sure most Americans agree today we shouldn't be funding Russia's genocide.
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Ukraine/Russia is also a major driver
Jerome Powell says that statement is pure bullshit. 
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most Americans agree today we shouldn't be funding Russia's genocide.
Or Azov genocides.
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The only thing Biden can do right now to prop up oil futures is to promise substantial subsidies/permanent  tax breaks/long-term investment guarantees/ and permanent removal of barriers to market entry for new oil drilling; including and not limited to subsidized access to oil pipeline distribution networks and a substantial reduction of permit fees. That's not going to happen for obvious reasons.
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No, because that's ridiculous. Gas price increases are primarily driven by the lack of supply which was obliterated during COVID. That's why every country in the world is experiencing a drastic rise in gas prices.
No. You don’t know or don’t understand economics. Prices increase on two occasions: supply gets lower while demand stays constant or demand gets higher while supply stays constant.

Ukraine/Russia is also a major driver, but I'm pretty sure most Americans agree today we shouldn't be funding Russia's genocide.
False. Gas prices were already high before the war. 
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or demand gets higher while supply stays constant.

Which would have happened with a temporary tax holiday.

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Which would have happened with a temporary tax holiday.
We love expansionary fiscal policy during inflation lol
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No. You don’t know or don’t understand economics. Prices increase on two occasions: supply gets lower while demand stays constant or demand gets higher while supply stays constant.
Are you even trying to understand anything I'm saying, or just trying to put on a show for your friends so you can say you owned the lib?

The fact that I did not mention demand does not mean I don't think demand was a key part of the equation. I should not have to explain to you that when I talk about the lack of supply, the fact that demand is returning far faster is the other contributing factor. That's common sense.

If demand had suddenly returned while Trump was still in office we would have seen the same phenomenon, which is why it's ridiculous to claim Biden's policies are responsible for most of the gas price hike.

False. Gas prices were already high before the war.
I'm talking about gas prices right now. But if you want to take that off the table that's fine, I was just trying to be straightforward since right wingers love to bring that up as another thing to blame on Biden.

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Jerome Powell says that statement is pure bullshit. 
Do you have an opinion of your own to share?
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Are you even trying to understand anything I'm saying, or just trying to put on a show for your friends so you can say you owned the lib?
No, I’m trying to teach you basic economics since socialists don’t understand it or don’t know it.

The fact that I did not mention demand does not mean I don't think demand was a key part of the equation. I should not have to explain to you that when I talk about the lack of supply, the fact that demand is returning far faster is the other contributing factor. That's common sense.
No. Your statement: “by the lack of supply which was obliterated during COVID,” is just straight up false. Supply of oil was overwhelming relative to demand. During COVID, prices were low because there was not demand.

If demand had suddenly returned while Trump was still in office we would have seen the same phenomenon, which is why it's ridiculous to claim Biden's policies are responsible for most of the gas price hike.
No we wouldn’t because supply would’ve remained constant or even increased under Donald Trump to match demand thus decreasing gas prices or keeping them level to pre-pandemic levels. Biden on Day 1 takes action to restrict drilling and fracking, which prevents supply from catching up to demand. Believe it or not rhetoric matters. You should be happy about high gas prices because it forces people to buy EVs. But then again, elitist Democrats are out of touch with average Americans.
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Do you have an opinion of your own to share?

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No. Your statement: “by the lack of supply which was obliterated during COVID,” is just straight up false. Supply of oil was overwhelming relative to demand. During COVID, prices were low because there was not demand.
This parallels exactly with the Afghanistan debacle. Biden's team knew for many many months that they had to prepare for a shift, yet they just sat around doing nothing. Only now is Powell taking steps by raising rates in the hopes of triggering a mini recession. Imagine if they took those steps in 2020 instead of 2022.

Imagine if Biden's team did at least ONE of the things I mentioned in post 154 in 2020. This is just straight up incompetence on full display, like the energy secretary laughing at the suggestion that we could or should produce more oil back in 2021.

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No, I’m trying to teach you basic economics since socialists don’t understand it or don’t know it.
Yep, just trying to own the lib. Got it.

No. Your statement: “by the lack of supply which was obliterated during COVID,” is just straight up false. Supply of oil was overwhelming relative to demand. During COVID, prices were low because there was not demand.
We're not talking about "during COVID" when there was no demand, that's why this thread is literally about Joe Biden. Context clues. Learn them.

The phrase "the supply was obliterated during COVID" is talking about producers going out of business and other projects being shut down. It's much easier to shut a project down than to start it back up so once the demand comes roaring back as it did, supply is not going to keep up.

No we wouldn’t because supply would’ve remained constant or even increased under Donald Trump to match demand thus decreasing gas prices or keeping them level to pre-pandemic levels.
Please explain what Trump would have done to fix this, and why he didn't do it in 2020:
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We're not talking about "during COVID" when there was no demand, that's why this thread is literally about Joe Biden. Context clues. Learn them.
So the bottom is about Joe Biden? Or are we talking actually talking about during COVID.

The phrase "the supply was obliterated during COVID" is talking about producers going out of business and other projects being shut down.


It's much easier to shut a project down than to start it back up so once the demand comes roaring back as it did, supply is not going to keep up.
Add hard to start a project back up with a million regulations that Biden passed, not to mention restriction on where you can drill.

Please explain what Trump would have done to fix this, and why he didn't do it in 2020:
Trump wouldn’t have added regulations. The market stabilizes itself. With growing demand, oil companies would start drilling more. There isn’t a lack of capital in the oil industry. And Trump didn’t do anything because he didn’t have to since pandemic was still going on in 2020 lol. It’s Biden that messed up the entire system by adding further regulation and preventing smaller companies from emerging because of the massive amount of money required for compliance.
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Double Rs dismissal of post 164 is proof he doesn't want a good faith conversation about this at all.

Pretty sure America is tired of the "Bidenmangood" rhetoric as well.