hossblur
Long Time Member
- Messages
- 10,528
We are drilling for more PETROLEUM products. That includes LNG, which we export, unless Biden decides to screw Texas.
While you are correct, daily price fluctuations aren't Presidential controlled.
But oil, thus gas, is traded on the futures market. Traders buy/sell on future pricing. A President hostile to producers means they won't produce, or won't invest long term.
You don't have to take my word, Biden talked about this very thing in the SOTU.
Diesel was $2.71 natl avg on his first day. It's $3.96 yesterday.
Despite all the "we produce more" bs, there isn't some huge basin pumped full of oil just waiting for Trump. In fact, Biden, won't even refill the emergency stockpile, because there isn't enough capacity in the system, and doing so, will drive prices higher.
Further. There is no supply chain issue with Russia. Biden, decided to try and flex economic strength on Putin, who was, 20 steps ahead of him. Biden, the PRESIDENT made a stupid decision that drove prices higher. Putin simply sold to India and China, still raking in profits, then, just for kicks, started BRICS nations weaning themselves off the dollar as the reserve currency.
These are DECISIONS, BIDEN made that 100% pushed the price of fuel upwards.
Your constant denial of the obvious, is a joke.
