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What happened to all the trump idiots crying about gas?


Ga96

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Update 08/31/2022

In the original article below we covered OPEC’s increase in production, and explained how this was likely to help prices fall over the coming months. Well, that’s exactly what’s happened.

Since early March, the price of West Texas Intermediate has fallen over 30% from a high of $129.44 down to the current price of just under $90.

It’s not just increased supply that has caused oil prices to fall, it’s also the general economic environment. Oil is used widely in both the manufacture and transport of goods, so a booming economy often walks in step with a high oil price.

Given that economic growth is low right now, demand for oil has been decreasing and this, combined with the increase in supply has taken the pressure off prices.

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https://www.nbcnews.com/politics/white-house/gas-prices-are-bidens-problem-pump-isnt-going-away-rcna43810

 

Industry experts said the White House has had a limited impact on the recent decline in prices, pointing instead to fears of a recession as the Federal Reserve raises interest rates, a slight pullback in consumer demand because of earlier high prices and an uptick in global production.

 

“The Federal Reserve right now is the main domestic actor on oil prices with higher interest rate hikes. The specter of recession is certainly in the oil market,” said Daniel Yergin, vice chairman at S&P Global and author of "The New Map: Energy, Climate and the Clash of Nations."

 

Administration officials have pointed to a Treasury Department analysis showing that Biden’s decision to release 180 million barrels of oil from the Strategic Petroleum Reserves contributed from 13 to 31 cents to the more than $1 drop in gas prices since their highs in June, with similar releases by other countries adding up to 11 cents more to the decline.

But there is no indication that Biden’s other efforts, like publicly shaming oil and gas companies over their record profits, calling an emergency meeting with CEOs and threatening to pull unused drilling permits, have had any effect on price or production, according to industry experts. While oil production has increased, it has done so at a pace similar to what was expected before Russia invaded Ukraine. 

 

 

 

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WASHINGTON (AP) — President Joe Biden has decided to travel to Saudi Arabia in the coming weeks and is expected to meet with the kingdom’s crown prince, whom he once shunned for his brutality. It’s a visit that is coming together as OPEC+ announced Thursday it will pump more oil amid skyrocketing energy costs around the globe.

 

Maybe Joe had more to do with it than you give him credit for, eh?

Influence of the worlds most powerful man and office.

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8 minutes ago, I AM IRONMAN said:

He can’t control his own speech or the drool….but you go ahead and think that tame Willy the super douche 😂

He can control you. He does so with his policies. When you accept that you are but a footnote in your own existence, a speck in time and space, you will be able to distinguish the difference between reality and the imaginary political folly you consider life. 

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These mental muppets are incredible.

Average gas price at time of 2020 election: $2.09

Average price today:  $3.67

 

So gas prices skyrocket under Joey Applesauce, then come down some and they're ready to tongue his shriveled ball sack over it.

Prices are up 75% since he was elected. 

And they want to pound their chests over it. 

 

xopsjkuigke.gif

 

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9 hours ago, concha said:

 

These mental muppets are incredible.

Average gas price at time of 2020 election: $2.09

Average price today:  $3.67

 

So gas prices skyrocket under Joey Applesauce, then come down some and they're ready to tongue his shriveled ball sack over it.

Prices are up 75% since he was elected. 

And they want to pound their chests over it. 

 

xopsjkuigke.gif

 

$2.09 at time of the election?....LOL....the average for the year was $2.24. Let's see what the price is 48 days from now Don...🤡

xopsjkuigke.gif

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1 hour ago, concha said:

 

These mental muppets are incredible.

Average gas price at time of 2020 election: $2.09

Average price today:  $3.67

 

So gas prices skyrocket under Joey Applesauce, then come down some and they're ready to tongue his shriveled ball sack over it.

Prices are up 75% since he was elected. 

And they want to pound their chests over it. 

 

xopsjkuigke.gif

 

The world is more expensive since 2020. It's called inflation. It happens every so often to healthy economies. With advancement comes price increases. Nothing new. 

It has been happening since the beginning of recostruction.

Pick up a book.

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3 minutes ago, Wildcat Will said:

The world is more expensive since 2020. It's called inflation. It happens every so often to healthy economies. With advancement comes price increases. Nothing new. 

It has been happening since the beginning of recostruction.

Pick up a book.

 

Muppet:

It's gotten more expensive since Trump left office.

I have an MBA and an undergraduate degree in economics from the Wharton School.

Inflation is at a 40-year high. It is at an unhealthy level.

 

I get the feeling you are just a lonely man willing to say stupid and ignorant things just to get attention. This site is the focus of your life, amirite?

 

 

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31 minutes ago, concha said:

 

Muppet:

It's gotten more expensive since Trump left office.

I have an MBA and an undergraduate degree in economics from the Wharton School.

Inflation is at a 40-year high. It is at an unhealthy level.

 

I get the feeling you are just a lonely man willing to say stupid and ignorant things just to get attention. This site is the focus of your life, amirite?

 

 

He must be related to red zone…has to be…guy is as dumb and clueless 

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7 hours ago, concha said:

 

Muppet:

It's gotten more expensive since Trump left office.

I have an MBA and an undergraduate degree in economics from the Wharton School.

Inflation is at a 40-year high. It is at an unhealthy level.

 

I get the feeling you are just a lonely man willing to say stupid and ignorant things just to get attention. This site is the focus of your life, amirite?

 

 

LOL...MBA huh??.....Wharton School?...didn't your idol go there too??...he seems to have learned a lot there too!...is it too late for a refund??.....🙄

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