re: FedGov weighs 21% oil profit tax....to blunt inflation.

why are democrats so fricking stupid?

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I can't tell if they actually are or if they think their constituents are too stupid to question them on it.

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At the top, they understand. The rank and file don't. The idiocy is self perpetuating.

the hypocrisy of this coming from you of all posters.

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if only Biden hadn't campaigned on alternative energy and hadn't paused new leases on federal land

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The supply of oil that we are missing out on today because of this absolutely impacts pricing of the commodity. He did this in January 2021.

And we are doing this for global warming while also begging Venezuela for oil? This is not Putin’s price hike. This is on Biden and his handlers. That dipshit promised to forgive student loans, and instead he decided to wage war on oil and gas and absolutely screw consumers.

i get what you are saying about how this can’t 100% be Biden’s fault.

I would offer as a retort that the man has made crystal clear since his campaign began that he intends to rapidly transition from fossil fuels to alternative energy. Look at oil futures from 2015 til 2020, fairly stable. Then starting in November of 2021 it’s done nothing but rise. Despite what lowTBoy says, he didn’t just mention it once in a campaign rally, but multiple multiple times. And whether it’s him, his administration, or a combination along with climate activists. Cancelling keystone, increasing lease permit times, cancelling leases, increasing ESG board members on O&G boards, forcing emissions regulations that O&G companies have to play catch up with, and the Blackrock/Vanguard investment companies outright saying they will not loan money to the O&G corporations. All of this has caused problems for the O&G majors and certainly little brothers, there’s no denying that. You pair this with a demand we cannot keep up with and a global product instability. You get to where we are at.

As a spin-off discussion, sort along the lines of your post. How much of the blame does Biden get vs what he deserves? Because, i remember how the COVID pandemic, “increase in white nationalism”, increase in hate crimes, and January 6th were all completely blamed on President Trump by the media, social media, and posters here on this website.

See my point? If we saddle one president with 100% of the blame for things definitely not under his control, why does Biden only get a smidgen of blame by the media, on social media, and by…..certain posters here for gas prices, the economy woes, inflation, poor foreign policy, etc, etc.

Oil profits ARE up bc of the conditions he created! Oil companies haven't changed much in the way the operate but the conditions/environment that potato has set has caused the futures to jump. The same acts under different conditions lead to different outcomes. Like making red beans in SLA Vs the same recipe in Denver. Actions are the same conditions are different and culminates in a different result...shitty beans

and now your boy is graveling at the feet at the Saudi princes again. After blasting them for the same reason a few weeks back. Brilliant! Thanks lowT!

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Then this guy promises to end the very industry that he needs to be strong on top of calling the people he is going to beg to increase a pariah.

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Clown world. But that's where we are now.

Because no one in our media asks questions when these idiots make these decisions. And because they have no idea what its like in the real world.

FACT - Gulf of Mexico oil is the "cleanest". something something federal waters.... I agree we should move toward more renewables but that is a 30 year plan. These assholes pander to the uninformed who think we can get there in 4.