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re: What’s the Difference Between Bush’s High Gas Prices Vs Biden’s now?
Posted on 10/26/21 at 3:29 pm to LuckyTiger
Posted on 10/26/21 at 3:29 pm to LuckyTiger
quote:
Bush was a Republican, Biden is a Democrat.
Seriously that’s the difference.
They were both the result of bad policy. One was a result of unrest in the Middle East. The other is the result of intentional fricking with domestic supply.
1
Posted on 10/26/21 at 3:34 pm to Catchfalaya
None. They’re both disasters. Biden is worse because he has dementia so scary to think who’s really in charge.
Posted on 10/26/21 at 3:34 pm to moneyg
Bush understood supply & demand , we didn’t have the production that Trump promoted ,
Posted on 10/26/21 at 3:37 pm to LSUconvert
quote:
You do not understand how gas prices work. Please talk about something you have more knowledge in.
You are a lowlife Democrat.
Posted on 10/26/21 at 3:37 pm to Catchfalaya
Special interests ran the Bush administration. No different from Biden. George W. Bush is no Joe Biden in terms of shittiness, but he was by no means great.
Posted on 10/26/21 at 3:39 pm to Zach
quote:
We imported a LOT of oil during Bush.
We produced our own oil during Trump.
Right.
The technology boosting native production wasn't fully deployed yet.
Posted on 10/26/21 at 3:41 pm to LSUconvert
quote:
You do not understand how gas prices work. Please talk about something you have more knowledge in.
So you are challenging supply & demand effects?
Keep going liberal dumb frick, keep going.
Posted on 10/26/21 at 3:43 pm to terriblegreen
quote:
Special interests ran the Bush administration. No different from Biden. George W. Bush is no Joe Biden in terms of shittiness, but he was by no means great.
I'd add in they are both 2.0 extensions of a prior admin, but yes... Bush was closer to bad than great.
Posted on 10/26/21 at 3:46 pm to LuckyTiger
quote:
Bush was a Republican, Biden is a Democrat.
And yall call the leftist dims stupid yet still believe either Bush was a Republican.
Posted on 10/26/21 at 3:49 pm to Tomatocantender
quote:
Bush was Greenspan's little bitch. Neither one of them had a freaking clue how to handle an economy that heated up with dot com companies. There should never have been the infamous "dot com bubble" if either of those 2 had a lick of sense.
The Dotcom Bubble was during Clinton's term. It ran from ~1995-2000. Bush wasn't in office until January 2001.
What Bush had was the Subprime Bubble and at the beginning of his first term he tried to drive home to Congress the problems that were coming, the Dems in the House downplayed it, even calling the administration racist just for suggesting it.
The problem was that Bush eventually let it go in order to cling to rising home ownership numbers and new housing builds as evidence of the economy rebounding post-9/11.
But then taking his eye off the ball to focus on some other bright/shiny was a big problem for GWB.
This post was edited on 10/26/21 at 3:50 pm
Posted on 10/26/21 at 3:52 pm to Catchfalaya
Gas prices aren't high because of Biden.
Energy demand has skyrocketed since the pandemic is coming to an end. Building a new pipeline wouldn't put a dent into gas prices (even though I'm in favor of building more pipelines).
It's an issue that's affecting most of the West. Gas prices have been low for the past few years because the Saudis have been artificially driving down the price.
Energy demand has skyrocketed since the pandemic is coming to an end. Building a new pipeline wouldn't put a dent into gas prices (even though I'm in favor of building more pipelines).
It's an issue that's affecting most of the West. Gas prices have been low for the past few years because the Saudis have been artificially driving down the price.
Posted on 10/26/21 at 3:53 pm to LSUconvert
quote:
stating the truth
quote:
by LSUconvert
Posted on 10/26/21 at 3:53 pm to Catchfalaya
Let's pretend like one of the largest oil producing countries in the world didn't have 95% of its entire refining & production blown to bits during the Iraq War and let's also pretend that a second war, Afganistan, did not contribute to the demand and supply problem.
Here we have a moron and his minions who are trying to adopt Green Energy today by shutting down oil & gas production with no viable alternative ready for the transition.
Here we have a moron and his minions who are trying to adopt Green Energy today by shutting down oil & gas production with no viable alternative ready for the transition.
Posted on 10/26/21 at 3:56 pm to Catchfalaya
War in the ME and damage Katrina /Rita caused to GOM wells and tye refineries in Houston/LC/NOLA areas.
You can start with the week before Katrina. Gas was 1.50$ or so in Louisiana. A week after Rita it was over 3.00 and remained that way for a looongb time. One of the first posts I ever made on Tigersroppings was a month or two after Katrina and in this specific issue.
You can start with the week before Katrina. Gas was 1.50$ or so in Louisiana. A week after Rita it was over 3.00 and remained that way for a looongb time. One of the first posts I ever made on Tigersroppings was a month or two after Katrina and in this specific issue.
Posted on 10/26/21 at 3:56 pm to Bard
quote:
The Dotcom Bubble was during Clinton's term. It ran from ~1995-2000. Bush wasn't in office until January 2001.
I'm referring to Greenspan raising rates at practically every FOMC meeting under Bush's 8 years as a reaction to dot coms and tech companies. It was a wasted 7.5 yrs. The sub-prime TARP bailout didn't bubble to the surface till Bush's last 3 months in office. None of what Greenspan did in 7.5 yrs had anything to do with sub-prime lending, collateral swaps etc.
Posted on 10/26/21 at 3:57 pm to Catchfalaya
Well for one Biden is actively attacking the oil industry to drive it prices as high as possible to push for green energy bs
Posted on 10/26/21 at 4:07 pm to Catchfalaya
We were producing at a high rate. We had the Saudis shitting themselves. There were no shortages consumption was high. Work in the patch was plentiful. Then 2008 crash prices through the floor. Economic activity shrunk but we still had ample supply. Those high prices coupled with fracking, exploration and high output led to great supply and ultimately the lower prices you enjoyed until Brandon scared everyone.
Plus there are a bunch of currency and NYMEX guys fricking us because they can
Plus there are a bunch of currency and NYMEX guys fricking us because they can
Posted on 10/26/21 at 4:19 pm to lsufan31
quote:
Actually, your boy trump tried to raise gas prices, by getting involved in negotiations on capping oil production in the Middle East. His words were something to the effect of lower gas prices were a sign of a bad economy. Look it up. Here’s a nice article about it: The actual reason for higher gas prices
That was literally a bunch of bullshite just to rail on Trump.
Posted on 10/26/21 at 4:19 pm to KiwiHead
quote:
Those high prices coupled with fracking, exploration and high output led to great supply and ultimately the lower prices you enjoyed until Brandon scared everyone.
None of this is why.
The Saudis have been artificially cutting the cost of oil in order to flush out the Russians, the US, and Iran.
The US, Iran and Russia refused to cut oil production, which made the Saudis angry. They then drove down prices significantly.
There's a great paper on it here.
Falling oil prices
Posted on 10/26/21 at 4:27 pm to AmericanPsycho99
quote:
The Saudis have been artificially cutting the cost of oil in order to flush out the Russians, the US, and Iran.
The US, Iran and Russia refused to cut oil production, which made the Saudis angry. They then drove down prices significantly.
Spot on.
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