I can buy into that this is caused by money printing, but are presidents to blame for gas prices? Oil company stocks have doubled since November 2020 is Biden responsible for that?

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Posted by fr33manator

Baton Rouge

Member since Oct 2010

125003 posts

Posted on 10/26/21 at 7:44 pm to Rust Cohle

He killed the keystone pipeline, went after domestic O&G (affecting shipping and travel and all sorts of other things as well) while bolstering the positions of foreign O&G.

Yeah, I’d said that kid sniffing bastard has quite a lot of blame, besides being in cahoots with the damn CCP.

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Posted by go_tigres

Member since Sep 2013

5187 posts

Posted on 10/26/21 at 11:52 pm to Rust Cohle

quote:
can buy into that this is caused by money printing, but are presidents to blame for gas prices? Oil company stocks have doubled since November 2020 is Biden responsible for that?

Hmm, so the prez and his ilk are pushing green, green, green which is a direct threat to o&g but they shouldn’t be concerned and raise prices because economical elasticity is a fallacy?

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Posted by madmaxvol

Infinity + 1 Posts

Member since Oct 2011

19319 posts

Posted on 10/27/21 at 8:37 am to Rust Cohle

quote:
Oil company stocks have doubled since November 2020 is Biden responsible for that?

Not true...
Exxon is only 97% above its November 1st price

Royal Dutch Shell is only up 81.2% above its November 1st price

Chevron is only up 63% above its November 1st price

BP is only up 81% above its November 1st price

Conoco-Phillips is only up 150% above its November 1st price

These poor oil companies have suffered so much in the last 12 months, they are barely able to stay afloat and Biden and his horrible domestic policies are 100% to blame.

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