Oil Drops $30/Barrel In One Week Thanks To Biden

[Walt]

You are describing Democrats.

The Democrats did not try to make Obama look bad. It is just silly to claim that.

 

[Walt]

He banned fracking. Denial of history.

There is a huge amount of fracking happening right now, so no ban on fracking.

 

[Lionfish]

 

[McRocket]

Pathetic, politician lover's at their finest.

The POTUS (Rep or Dem) gets no blame when something is shit.
And ALL the credit when it gets better...even if he had little/nothing to do with it actually getting better.

You people who actually believe in politicians are beyond pathetic.

I swear - if Hitler was alive?
Lock him in a room with you lot for 60 minutes and you will be voting for him for POTUS...even if you are Jewish.

Each one of you should have your faces plastered next to the definition of 'gullible'.

 

[ThatOwlWoman]

These dopes won't believe that. They'll continue parroting the lies. (With apologies to your feather kids.)

The truth spoils the Reichwing Narrative so it must be labeled "fake news" and discarded. That's why they need to create their own special media outlets, so that they're told only what they want to hear rather than the truth.

 

[Althea]

One of them even said that his "only job" was to make sure that Obama was a one term President... They made no secret they hated Obama far more than they loved America.

Moscow Mitch

 

[ExpressLane]

Oh No the price of oil went up again . Its $105 today.

 

[Stringfellow Hawk]

Mmmm maybe but Biden’s first year saw, overall, a 5.5% real growth in GDP when adjusted for inflation. If that growth continues for the remainder of Biden’s term he will win the economic argument at the ballot box come next election.

Biden had a good year as President. If, and this is a big if, the remaining three years of Biden’s first term are as good as 2021 and his health isn’t a consideration, Biden would almost certainly be re-elected.

Inflation is outpacing wages, he has already lost. With these fuel increases every service and product will see increases to the consumer, he will lose by even more votes than Carter

 

[Stringfellow Hawk]

An incredible number of businesses were DESTROYED by Covid clamp downs. They are GONE. They are never coming back.

we lost a few but most were replaced by large ones with better money management, Democrats always favor large businesses over small. FDR's NRA legislation destroyed the tire market reducing 30+ makers of tires to 12-15 before SCOTUS put a stop to it.

 

[Stringfellow Hawk]

It takes a sampling of prices everywhere, including more rural areas.

not true candyman

 

[gfm7175]

Oil closed at $95 today, down $30 from 6 days ago.

Proof that this is a sham, and Biden's policies are working.

Let's hope he keeps up the good work, and it continues to drop.

Thanks JOE!!!

Interesting... I'd like to learn more about this from you, since I am a stupid dumbfuck republitard... What policy or policies did Biden enact that caused oil to drop $30 in 6 days. I thought that the mantra was that a President doesn't have any control/influence whatsoever over gas prices??? Now all of a sudden a President has that power again??

 

[gfm7175]

Yes. It's still overpriced, as is gasoline.

Now they have to admit that Biden's policies are bringing the price down.

Biden's policies have created a very unfriendly environment for the domestic oil and gas industry.

sealover wrote:
You are correct. They are cheering for Putin as he claimed that $300/barrel was right around the corner.

I see no reason to believe that gas prices will come down below $3/gal anytime soon. If anything, they will likely give $5+/gal a try...

 

[gfm7175]

Isn't it an odd thing when a certain party would rather see their fellow Americans suffering -- and themselves as well -- as long as (in their delusions) it makes the POTUS look bad?

Not at all... The Demonkkkrat Party just got done doing this with COVID tyranny for the past two years... You seem to have forgotten about that.

 

[gfm7175]

Worse yet, our paid legislators are blocking bills that would help their own constituents for the same exact reason.

Manchin clings to his coal advisory company, and Sinema clings to the millions she gets from the Pharma industry.


Manchin won't vote 'yes' for the Fed nomination because she recognizes the importance of accepting climate change.


He can't 'get there'.

Nor could he 'get' to an extension of the child tax credit for his constituents, but he's 'there' for any and all defense spending

Climate change is an undefined buzzword. It means NOTHING. It is not possible to measure the temperature of the Earth to any usable accuracy. There aren't near enough thermometers to even begin such an analysis.

 

[gfm7175]

gas is still double over what it was before Biden. This big drop has only dropped gasoline a dime per gallon even less in some places

I suppose it varies quite a bit by geographical location (or even by the particular gas station itself), but here in my area of Southern WI, at the specific gas station that I have been keeping tabs on, the price reached as high as $4.09/gal at one point (regular unleaded 10% ethanol blend) before now falling down to $3.69/gal as of a couple days ago... so that's a 40 cent drop in a matter of a few days. However, the $4.09 price tag was VERY short lived (otherwise it was $3.99 at its highest).

Other gas stations in nearby areas were at $4.09 for a longer time period, and others even got higher than that. There are still some stations in the area that I regularly drive by that either aren't quite below $4/gal yet or are now just barely below $4/gal, so those stations saw much closer to the 10 cent drop that you're mentioning and didn't see anything near the 40 cent price drop that the particular station that I've been keeping tabs on happened to see.

 

[Stringfellow Hawk]

I suppose it varies quite a bit by geographical location (or even by the particular gas station itself), but here in my area of Southern WI, at the specific gas station that I have been keeping tabs on, the price reached as high as $4.09/gal at one point (regular unleaded 10% ethanol blend) before now falling down to $3.69/gal as of a couple days ago... so that's a 40 cent drop in a matter of a few days. However, the $4.09 price tag was VERY short lived (otherwise it was $3.99 at its highest).

Other gas stations in nearby areas were at $4.09 for a longer time period, and others even got higher than that. There are still some stations in the area that I regularly drive by that either aren't quite below $4/gal yet or are now just barely below $4/gal, so those stations saw much closer to the 10 cent drop that you're mentioning and didn't see anything near the 40 cent price drop that the particular station that I've been keeping tabs on happened to see.

we are also talking a few days later now. I saw that initial drop as well but now prices are ticking up again

 

[gfm7175]

...and inflation remains stable like it did last month......

It is not remaining stable... it is still increasing, and there are still more rounds of price increases lined up over the coming months. We are nowhere near the end of this.

 

[gfm7175]

we are also talking a few days later now. I saw that initial drop as well but now prices are ticking up again

... but like I said, the price dropped down to $3.69 as of a couple days ago (when you made your post)... and it is still $3.69 as of this early morning.

But yes, they are nowhere near any of the Trump-era prices (and likely won't drop below $3 anytime under the Biden Regime's current economic/energy policies) ... In fact, they will likely start rising again soon (as you have said they are starting to do already in your area) and will likely continue rising from where they left off (for my area, that's about $4/gal).

 

[BartenderElite]

Interesting... I'd like to learn more about this from you, since I am a stupid dumbfuck republitard... What policy or policies did Biden enact that caused oil to drop $30 in 6 days. I thought that the mantra was that a President doesn't have any control/influence whatsoever over gas prices??? Now all of a sudden a President has that power again??

Have you noticed the flip side of that coin? Ya know - how conservatives said "Biden, Biden, Biden!" the whole time prices were going up, and said he was responsible for the global spike?

But now, of course, he has nothing to do w/ the decrease.

 

[gfm7175]

During mid-2020 the price per barrel for oil dropped to a negative number. What is the percentage difference between -$37 and +$95? Be glad that the pump price didn't rise at the same percentage.

‘Unreal’: Oil prices go negative for the first time in history

No it didn't.

1) The price of oil is based on supply and demand. 2) Oil is a global commodity, traded on the futures markets of the planet. 3) No world leader controls the price, unless you count the Saudis controlling OPEC and how much oil they pump.

Regarding #3, it conflicts with your OP which states that oil dropped $30 in one week thanks to Biden... So which is it??

[1] Biden CAN control/influence oil/gas prices via his policies, and so can the Saudi leader via his policies.
[2] Biden CAN'T control/influence oil/gas prices, as no world leader is able to do so.