re: Democrats control the House, Senate and White House...

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How about democrat governors keeping their states locked down even when other states resumed business? Some with little to no restrictions. Then congress deciding to hand out money they didn't have.

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Not mention vaccine mandates pushing employees out of the market

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Couple that up with anti energy policies and rhetoric from Biden.

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This is obviously a negative of Biden that should have easily destroyed his support in the country.

The Oil & Gas industry in the US has been having problems for awhile. Stupid new dem policies are just making it worse. The US oil and gas industry was having problems right sizing and stabilizing after a shock of technology/understanding dramatically changed efficiency.

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We were oil independent. What is happening globally should have had no effect on us whatsoever

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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.

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the US imported around 8 million barrels of oil a day in 2020.

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And just how much oil a day does the US import after Biden has been President for 10 months?

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This is basic economics.

2/3 of government spending was in 2020.

You're not going to see inflation from any spending Biden's done 3 months after a bill is passed. If spending was the cause of inflation, it would be from spending passed more than a year ago.

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"Estimates of the effects of government spending in earlier years typically find a lag of a year or two between the spending and any noticeable effect on inflation," Klenow said.


Klenow is a professor of Economics at Stanford University.

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First, "Biden" is a puppet of the radical Left, so when it's said, "Biden did this" - consider it the same as "the radical Left did this."

Second, why are you pretending that gov't spending is the only way a gov't can influence the rate of inflation? There are myriad ways Biden/the Left has brought our current economic situation forward.

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I want you to think about how moronic this sounds. We were never self-sufficient in oil and energy

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Wrong. The USA became a net exporter of oil in 2019 (before the pandemic, if you're keeping score at home). Simply having imports does not mean you aren't oil independent. LINK

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It has nothing to do with Trump's energy policies. Gas prices were low because there was less demand and supply exceeded demand during the pandemic.

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Wrong again. Gas prices were lower even before the pandemic. Saying this makes you look like you're simply trying to make excuses for Biden.

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Biden cancelling a pipeline doesn't determine the prices *now.* It may have an impact in the future but oil markets respond to what happens in the short-run, not the long-run.

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Wrong again. You're right that the pipeline would not have been built yet, but the clear hostility of this government towards the American oil industry has companies hesitant to invest further. No one is going to invest a ton of money and time into a project that Biden may pull out from under them at the last moment, like he did with the pipeline.

To say that is only related to the pipeline again makes it look like you're just trying to make excuses for Biden. He also halted drilling permits on federal lands. He is clearly hostile to the oil industry, even in situations that would clearly lead to bad things nationwide. Halting those drilling permits as the country was starting to reopen was nonsensical and foolhardy. When you are working in that sort of regulatory environment, why would you invest further? You wouldn't.

If you are involved in trading securities and bonds, then I would recommend to anyone not to deal with whatever fund you're involved in.

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Last year's net import balance being negative was purely demand driven. Demand dropped in 2020 due to the pandemic.

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Wrong. We became a net exporter in 2019, before COVID hit. You continually saying this makes you look a fool.

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Gas prices are rising globally. It has very little to do with Biden.

Groceries and bills are rising because asset prices have been inflated through quantitative easing. The Federal Reserve has brought over $4.5 trillion in securities over the past year, which has increased the price of bonds and lowered bond yields. This was occurring under both Trump and Biden. The Federal Reserve has not wanted to raise interest rates because they've wanted to encourage borrowing to stop markets from crashing.

This has very little to do with Biden but America's addiction to low interest rates.

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you're talking to a bunch of people who couldn't count to ten. Let them lay.

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I am Quaid

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Your retarded arse votes Democrat.

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Your retarded arse votes Democrat.

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proving my point.

Thanks