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re: Democrats control the House, Senate and White House...
Posted on 10/26/21 at 8:03 pm to imjustafatkid
Posted on 10/26/21 at 8:03 pm to imjustafatkid
quote:
We were oil independent. What is happening globally should have had no effect on us whatsoever
Where on earth is this coming from?
WE WERE NOT OIL INDEPENDENT AND NEVER HAVE BEEN OIL INDEPENDENT
The US imports around 8 million barrels of crude oil a day and did so under Trump and Obama. If the US was oil independent, we would not be importing 8 million barrels of crude oil (for reference, the US consumes 19 million barrels of crude oil a day) a day.
Who the hell is telling you to parrot this stuff? It doesn't even make any sense logically.
The crude oil net import became negative in 2020 (imports - exports) but that's nowhere near the same thing as saying we were oil independent. That's just saying we exported more oil than we imported.
The reason prices are rising globally is because demand is rising globally and refineries have been slow to start back up.
Biden's policies such as cancelling a pipeline affect future prices (building a pipeline takes a long time), not prices in the short-run. Oil markets move in the short-run, not the long-run.
The rise in US gas prices started in May of 2020 which suggests that the price rise is supply-demand driven.
This post was edited on 10/26/21 at 8:05 pm
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