$125/barrel and rising.

[Jim in CT]

Originally Posted by wdmso

Petrol prices UK: Fuel hits ‘unbelievable’ record high, as RAC says full tank now costs almost £88

That's 114.74 USD and for a 12 gal tank


Northern Ireland fuel and heating oil prices soar – weekly increases revealed
Weekly increase of 500L home heating oil £227
Diesel price in Armagh increases by 22p per litre in seven days
Petrol up in Derry by 13p per litre in a week


Petrol Prices Have Hit A Record-Breaking $3 Per Litre In Australia And Like, What Is Happening To The World
"It'll cost me $98 for a full tank, [compared to] peak-COVID, when a full tank was just $40."


But Republicans what to suggest to Americans its only happening in The USA and its Biden's Fault

can you point to a single
republican, who said it’s only happening in america?
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[Jim in CT]

Originally Posted by wdmso

And Covid was going to disappear

But that never happened and didn’t seem to upset you..

But bring wrong on transitory inflation .is Upsetting for you .
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Biden also said he was going to beat covid. and to cure cancer. when is that cure coming, do you know?

“if I’m elected, we’re going to cure cancer.”

well, he was elected. When does he fulfill his promise? my mother in law died of cancer last may, that cure sure would have been nice.


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[wdmso]

Originally Posted by Jim in CT

Biden also said he was going to beat covid. and to cure cancer. when is that cure coming, do you know?

“if I’m elected, we’re going to cure cancer.”

well, he was elected. When does he fulfill his promise? my mother in law died of cancer last may, that cure sure would have been nice.


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Still on the cancer kick?
Once agin anything Biden says it taken literally

But anything Trump or the GOP says is hyperbole.. your a broken record
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[wdmso]

https://www.nytimes.com/2022/03/09/u...biden-gas.html

Republicans Wrongly Blame Biden for Rising Gas Prices
They have pointed to the Biden administration’s policies on the Keystone XL pipeline and certain oil and gas leases, which have had little impact on prices.
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[scottw]

Originally Posted by wdmso

https://www.nytimes.com/2022/03/09/u...biden-gas.html

Republicans Wrongly Blame Biden for Rising Gas Prices
They have pointed to the Biden administration’s policies on the Keystone XL pipeline and certain oil and gas leases, which have had little impact on prices.
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oh good...the NY Times...didn't see that coming

[wdmso]

Originally Posted by scottw

oh good...the NY Times...didn't see that coming

Classic response ! when the facts presented don’t align with your imagination and your alternative Facts
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[wdmso]

TV coverage amplifies the GOP’s false claims about gas prices

Unsurprisingly, the most egregious examples of the media regurgitating right-wing talking points on gas prices often come from Fox News. White House reporter Peter Doocy has parroted oil industry talking points at White House briefings and insinuated that the administration is being dishonest about the cause of inflation


Harris Faulkner Did the same thing with Mike Sommers
President and CEO at American Petroleum Institute Just parroting his talking points as if he was a Fox contributor
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[wdmso]

TV news media fails to confront Republicans about their provably false allegations. You simply do not hear TV interviewers ask Republicans: “Since the Keystone XL Pipeline would not have increased supply, why do you keep using its cancellation to attack the White House?” “Energy companies can pump all the oil they want from private lands and even begin drilling on lands with unused leases, so how is this the White House’s fault?” (Even more rarely do you get a succinct explanation that oil prices are set globally in the international marketplace.)

Republicans just can’t tell their supporters the Truth. It’s that simple
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[scottw]

Originally Posted by wdmso

TV news media fails to confront Republicans about their provably false allegations.

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perhaps you should call someone or file a complaint....

[Jim in CT]

Originally Posted by wdmso

TV news media fails to confront Republicans about their provably false allegations. You simply do not hear TV interviewers ask Republicans: “Since the Keystone XL Pipeline would not have increased supply, why do you keep using its cancellation to attack the White House?” “Energy companies can pump all the oil they want from private lands and even begin drilling on lands with unused leases, so how is this the White House’s fault?” (Even more rarely do you get a succinct explanation that oil prices are set globally in the international marketplace.)

Republicans just can’t tell their supporters the Truth. It’s that simple
Posted from my iPhone/Mobile device

still trying to say biden did nothing to hike gas?

you’re a broken record.
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[scottw]

Originally Posted by Jim in CT

still trying to say biden did nothing to hike gas?


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"don't underestimate Joe's ability to f**k things up" Barack Obama

[Jim in CT]

Originally Posted by scottw

"don't underestimate Joe's ability to f**k things up" Barack Obama

forget build back better, we’d settle for “put things back the way they were when you got here.”.
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[wdmso]

Originally Posted by Jim in CT

still trying to say biden did nothing to hike gas?

you’re a broken record.
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Jim can’t understand how and why gas has gone up since Putin invaded .. shocked
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[wdmso]

U.S. oil tumbles more than 8%, dips below $100 per barrel

https://www.cnbc.com/2022/03/14/us-o...er-barrel.html

Does Biden get the credit? Or only when it goes up?

he is 100% responsible for the degree to which gas went up because he is rightly seen as unfriendly to fossil fuels
So put a number on the degree he’s responsible please

because for Republicans it 100% no matter what Putin did
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[Jim in CT]

Originally Posted by wdmso

U.S. oil tumbles more than 8%, dips below $100 per barrel

https://www.cnbc.com/2022/03/14/us-o...er-barrel.html

Does Biden get the credit? Or only when it goes up?

he is 100% responsible for the degree to which gas went up because he is rightly seen as unfriendly to fossil fuels
So put a number on the degree he’s responsible please

no matter what Putin did
Posted from mybecause for Republicans it 100% iPhone/Mobile device

"Does Biden get the credit? Or only when it goes up?"

You know me better than to ask. If he gets blame on the way up. he gets credit on the way down. It's still WAY up on his watch, that's what matters, not what happens on one day.

"So put a number on the degree he’s responsible please "

Hard to do. In the middle of November 2020 (election time), oil was under $40 a barrel. It's skyrocketed since then.

Did you blame Bush for the subprime mortgage crisis in 2008? If so, what did he do, to contribute to it?

"because for Republicans it 100% no matter what Putin did"

And for democrats, it's 100% on Putin no matter what Biden did. The dems are saying inflation is because of Putin. We had 30-year high inflation before Russia invaded. America's not buying it.

I never said it was all Biden, I said 500 times it was mostly an inevitable result of demand increasing post-covid. How many times do I have to say that?

[wdmso]

Originally Posted by Jim in CT

"Does Biden get the credit? Or only when it goes up?"

You know me better than to ask. If he gets blame on the way up. he gets credit on the way down. It's still WAY up on his watch, that's what matters, not what happens on one day.

that's Flawed Logic

He Biden did nothing! to make Oil go up! And Has done nothing to make it go Down...

the Markets moved the prices Up and Down ..

[Jim in CT]

Originally Posted by wdmso

that's Flawed Logic

He Biden did nothing! to make Oil go up! And Has done nothing to make it go Down...

the Markets moved the prices Up and Down ..

he made it clear he was going to appease the greenies on the left. Killed a pipeline and ended new leases on public lands. that gives the perception that he’s opposed to fossil fuels. oil prices are based on speculation, at least in part. that was one reason oil went up. not the only reason. but one reason.
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[Pete F.]

Corporate profits up about $750 billion (annualized) vs. pre-crisis (Q4 '19), about 40%.

That represents about $5,800 per household; inflation is about $3,600 per household.
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[Jim in CT]

Originally Posted by Pete F.

Corporate profits up about $750 billion (annualized) vs. pre-crisis (Q4 '19), about 40%.

That represents about $5,800 per household; inflation is about $3,600 per household.
Posted from my iPhone/Mobile device

if those oil profits are global, and you divided them by US households, you badly distorted your numbers. you have to divide profits by the total number of customers, including businesses like tr#^&#^&#^&#^&#^&g companies, municipalities, cab companies, shipping companies, etc.

what was inflation under trump, compared to Biden?
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[Pete F.]

Google is available

The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office.

For whatever reason this doesn't get mentioned in the context of rising prices
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[Jim in CT]

Originally Posted by Pete F.

Google is available

The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office.

For whatever reason this doesn't get mentioned in the context of rising prices
Posted from my iPhone/Mobile device

You made the post, without providing support. Gee, I wonder why?

The average American household isn't spending $5,800 more on gas than at the end of 2019.

"The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office."

I'm also worth more, I loaded up on oil futures when he beat Trump, anyone could have seen that coming.

"For whatever reason this doesn't get mentioned in the context of rising prices"

Same reason why you don't mention what happened to their net worth from 2019-2020.

Oil companies do well when oil is high. Not a shock.

[wdmso]

Originally Posted by Jim in CT

You made the post, without providing support. Gee, I wonder why?

The average American household isn't spending $5,800 more on gas than at the end of 2019.

"The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office."

I'm also worth more, I loaded up on oil futures when he beat Trump, anyone could have seen that coming.

"For whatever reason this doesn't get mentioned in the context of rising prices"

Same reason why you don't mention what happened to their net worth from 2019-2020.

Oil companies do well when oil is high. Not a shock.

jim type in

The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office.


its at the top of google how easy was that

[Jim in CT]

Originally Posted by wdmso

jim type in

The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office.


its at the top of google how easy was that

i dont dispute that. if you want what they have, do what they did. or stop whining about it. envy isn’t healthy. if you didn’t buy oil when it was at $35, you missed out. remember that next time.

i’d like to see data that the average american household is paying $5800 more per year on gas. i don’t believe that math. that’s what i dispute. i think he made it up.
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[Pete F.]

Originally Posted by Pete F.

Corporate profits up about $750 billion (annualized) vs. pre-crisis (Q4 '19), about 40%.

That represents about $5,800 per household; inflation is about $3,600 per household.
Posted from my iPhone/Mobile device

Originally Posted by Jim in CT

i dont dispute that. if you want what they have, do what they did. or stop whining about it. envy isn’t healthy. if you didn’t buy oil when it was at $35, you missed out. remember that next time.

i’d like to see data that the average american household is paying $5800 more per year on gas. i don’t believe that math. that’s what i dispute. i think he made it up.
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Where did I say it was only gas?

[Pete F.]

Never fear DeToqueville would be more concerned about the creation of an American ruling class of Oligarchs that seek to rule the industrial and working class through control of the political process than the powerless bottom of society.
There’s a reason wealth has been flowing away from the middle class for the last 40 years
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[wdmso]

https://www.npr.org/2022/03/19/10869...crude-drilling


Here are 3 reasons why Big Oil can't just drill more to ease the pain at the gas pump


The point from which you drill a rig to the point that you can turn it online, it takes about six to eight months typically,


The number of workers producing oil and gas had been steadily decreasing since 2015.


"Energy companies were very afraid to ramp production because they were going to get punished by investors,

those same investors that may now prevent oil companies from boosting production too much, even as others push for a "drill, baby, drill"

[Jim in CT]

Originally Posted by wdmso

https://www.npr.org/2022/03/19/10869...crude-drilling


Here are 3 reasons why Big Oil can't just drill more to ease the pain at the gas pump


The point from which you drill a rig to the point that you can turn it online, it takes about six to eight months typically,


The number of workers producing oil and gas had been steadily decreasing since 2015.


"Energy companies were very afraid to ramp production because they were going to get punished by investors,

those same investors that may now prevent oil companies from boosting production too much, even as others push for a "drill, baby, drill"

if the biden administration hadn’t put a moratorium on new leases when they took office in january 2021 ( more than 6 to 8 months ago), how much more might we be producing?

it’s also speculative pricing wdmso, you know those. pricing is based, in part, on a the speculation of what supply will be.

Not one person in the world
believed that Biden was going to
increase oil production. Every sane person believed production would
decrease. that’s going to increase price, all other things being equal.

you can’t win this. it’s a lie to say biden caused all of it. it’s also a lie to say he had no hand in it.
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[wdmso]

Originally Posted by Jim in CT

if the biden administration hadn’t put a moratorium on new leases when they took office in january 2021 ( more than 6 to 8 months ago), how much more might we be producing?

it’s also speculative pricing wdmso, you know those. pricing is based, in part, on a the speculation of what supply will be.

Not one person in the world
believed that Biden was going to
increase oil production. Every sane person believed production would
decrease. that’s going to increase price, all other things being equal.

you can’t win this. it’s a lie to say biden caused all of it. it’s also a lie to say he had no hand in it.
Posted from my iPhone/Mobile device

biden administration hadn’t put a moratorium on new leases when they took office in january 2021 ( more than 6 to 8 months ago), how much more might we be producing?

None ! Jim your still clinging to a lie

The oil companies had plenty of unused leases they decided not to use them . It’s that simple
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[Jim in CT]

Originally Posted by wdmso

biden administration hadn’t put a moratorium on new leases when they took office in january 2021 ( more than 6 to 8 months ago), how much more might we be producing?

None ! Jim your still clinging to a lie

The oil companies had plenty of unused leases they decided not to use them . It’s that simple
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what if the unused leases are unused, because they aren’t as promising as the leases that biden denied. how could you possibly know that’s not the case?

somehow, you know that all
the leases that biden denied, in total, wouldn’t have produced a drop? you know this?

your making stuff up off of thin air.

had any democrat ever made a bad call in your opinion? ever?

all you do is praise democrats and bash republicans.

the oil pricing responded to bidens actions, the way everyone knew they would. because he’s hostile to fossil fuel.

no worries, Buttigieg says we can save money by taking the bus. because that’s practical
for everyone. there are no buses in my town.

in a few months we’ll find out who america believes.
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[detbuch]

Originally Posted by Pete F.

Never fear DeToqueville would be more concerned about the creation of an American ruling class of Oligarchs that seek to rule the industrial and working class through control of the political process than the powerless bottom of society.
There’s a reason wealth has been flowing away from the middle class for the last 40 years
Posted from my iPhone/Mobile device

You're blaming de Tocqueville for the last 40 years? So it took 150 years for de Tocqueville's concerns to kick in?

So the "national character" of Americans that he spoke of had nothing to do with that first 150 years which led to the creation of the American middle class? But, in the last 40 years, our national character finally kicked in to start the destruction of the middle class (the nation of shopkeepers de Tocqueville referred to) that had somehow supposedly been created in spite of 150 years of an entrenched and revered American national character?

Actually, what followed the first century of growth through domination by the American national character was the rise and ultimate dominance of American Progressivism. It is that Progressivism, with its required growth of the federal government's size and scope of power--the centralization of American governmental power--resulting (over the last 40 years) in our present administrative state with its highest and most powerful than ever regulatory grip on the American economy accompanied by its inevitable marriage to the larger centralized corporations that have resulted from the failure of the many, more diversified, smaller businesses due to excessive regulatory burdens.

And thus the shrinking of the American middle class. De Tocqueville's notion of an original American national character had less to do with it than the shrinking of the American constitutional character that has been reinterpreted and squashed by the necessities of Progressive authoritarianism.