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Correct me if I'm wrong..the POTUS doesnt control the price of oil and gas at the pump
Posted on 11/23/21 at 2:44 pm
Posted on 11/23/21 at 2:44 pm
For the past 3 years the price of oil hit rock bottom...even hit -$30/bbl.......
now all of a sudden the POTUS can control the price oil oil and the price of gas at the pump and there is a low supply of oil while there are 100's of tankers sitting offshore full of oil and tank farms across the nation are full of oil???
:max_bytes(150000):strip_icc()/Fig1-1d0b58bbe2784a48819fb02717f19d7e.png)
now all of a sudden the POTUS can control the price oil oil and the price of gas at the pump and there is a low supply of oil while there are 100's of tankers sitting offshore full of oil and tank farms across the nation are full of oil???
This post was edited on 11/23/21 at 2:47 pm
49
Posted on 11/23/21 at 2:46 pm to tgrbaitn08
Well Brandon can pay workers to sit at home, how do you think that affects the price of gas?
Posted on 11/23/21 at 2:46 pm to tgrbaitn08
Yes. All of these burdensome regulations and the cancellation of various pipelines is someone else's fault.
Posted on 11/23/21 at 2:47 pm to tgrbaitn08
O&G is controlled by supply and demand
If supply is cut, the price bbl increases. If there is an oversupply, price will decrease. Simple economics baw.
If supply is cut, the price bbl increases. If there is an oversupply, price will decrease. Simple economics baw.
Posted on 11/23/21 at 2:48 pm to idlewatcher
No directly. He very much does indirectly.
Posted on 11/23/21 at 2:48 pm to goofball
quote:
Yes. All of these burdensome regulations and the cancellation of various pipelines is someone else's fault.
I could not have said it better myself. Couple that with paying people to say home puts us where we are right now.
Trump enabled the pipeline and cut so many useless regulations out to help the economy.
Posted on 11/23/21 at 2:49 pm to tgrbaitn08
Maybe. Maybe not. Maybe frick him anyway.
Posted on 11/23/21 at 2:49 pm to tgrbaitn08
He can't set it. However, by regulation and executive order, he can influence it. His EOs at the beginning of his term reduced US production, causing a lower supply without lowering demand. This raises prices of oil and gas.
Posted on 11/23/21 at 2:49 pm to idlewatcher
20 months ago the world had more oil than we knew what do with.....there is still a shite load of unrefined oil sitting offshore and in tankers.
Posted on 11/23/21 at 2:50 pm to tgrbaitn08
quote:
Correct me if I'm wrong..the POTUS doesnt control the price of oil and gas at the pump
I'm pretty sure the biggest part of the President's job is to wake up and call Exxon every morning with where their prices should be set, so you are wrong
Posted on 11/23/21 at 2:51 pm to tgrbaitn08
Hey dipshit, POTUS does NOT directly control the price of gas or oil.
POTUS does, however, control how much stability there is worldwide with his actions and words. The world expects war because of how weak Biden is, which causes the price of oil to skyrocket based on speculation. Also, OPEC feared Trump and laughs at Biden.
You’re welcome for Oil Prices 101.
POTUS does, however, control how much stability there is worldwide with his actions and words. The world expects war because of how weak Biden is, which causes the price of oil to skyrocket based on speculation. Also, OPEC feared Trump and laughs at Biden.
You’re welcome for Oil Prices 101.
Posted on 11/23/21 at 2:51 pm to tgrbaitn08
godnat alter
Posted on 11/23/21 at 2:51 pm to TDsngumbo
quote:
TDsngumbo
dont you sell floors for a living??
Posted on 11/23/21 at 2:52 pm to tgrbaitn08
In a sense, no, POTUS cannot sign a bill or pull a lever and fix the issue.
However, he has made the issue much worse by putting a moratorium on lease sales, killing pipelines, and begging OPEC to help. Oh and he let Russia open their pipeline that bypasses Ukraine. Guess the check from the Ukrainian oligarchs bounced.
If Trump were in office this would not be happening. Even if it was he would not be pointing fingers at the O&G behemoths.
However, he has made the issue much worse by putting a moratorium on lease sales, killing pipelines, and begging OPEC to help. Oh and he let Russia open their pipeline that bypasses Ukraine. Guess the check from the Ukrainian oligarchs bounced.
If Trump were in office this would not be happening. Even if it was he would not be pointing fingers at the O&G behemoths.
Posted on 11/23/21 at 2:52 pm to tgrbaitn08
quote:
dont you sell floors for a living??
No. Your knowledge about random internet message board posters is on par with your knowledge about Biden’s effect on gas prices.
This post was edited on 11/23/21 at 2:54 pm
Posted on 11/23/21 at 2:53 pm to tgrbaitn08
What do you do for a living?
Posted on 11/23/21 at 2:53 pm to tgrbaitn08
Posted on 11/23/21 at 2:53 pm to TDsngumbo
oh sorry...you're a life insurance salesman....even worse
Posted on 11/23/21 at 2:53 pm to tgrbaitn08
Politicians do not control the price of oil. But they do control policy. That policy can cause the price to go up or down. On the going down side it tends to be a lot slower but on the going up side that policy can have very fast effects.
Posted on 11/23/21 at 2:54 pm to nugget
quote:
What do you do for a living?
I'm in the printing business.
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