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Biden admitted that raising gas prices was in his playbook to migrate the US off of fossil fuels. So has teh ding bat Energy Secretary who asked what she was going to do to reduce gas prices laughed her pathetic butt off like "what do I know about gas and how to reduce the price of it"? I'm just a former ding bat Governor. Ask Kamala what she thinks? Another example of incompetence and whackiness of Biden's "team".
Last edited by Bird of Prey; 05-29-2022 at 12:54 AM.
He's doing nothing helpful to reduce gas prices, Raps. They are intentionally keeping gas prices from being lowered by adding production from the domestic suppliers. this crap about the Putin gas hike is bullcrap. Making a deal with Venezuela and Iran is stupid. Biden and the Dems are blaming the US oil companies for price gouging which is stupid. Biden needs to be impeached.
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Sherlock? Gas prices have more than doubled. Food prices have climbed. Heating prices have doubled. Yeah, everything else is much more expensive and we are heading for a deep recession. Jimmy Carter is going to die happy though. He won't go down as the worst American economy president ever, Move over Hoover, Grant, and Carter. Comatose Joe is coming after you.
This is clearly a supply/demand issue. Prices go up when supply is less (like not taking Russian oil) and go down wheb there is too much supply (ie see when Russia overproduced oil in 2020).
Without more supply, you can lower gas prices by reducing other costs like wages or taxes. Otherwise until a deal is struck then you are stuck here. Gas prices are significantly higher in Canada (over $2 per litre in Toronto) so we have it worse than you do
Oil is a speculative commodity as you know. There are things this administration could do to bring down the price of oil whether its releasing more of their reserves, drilling more, etc. There's a reason why Biden has talked about a gas tax holiday.
I'm not saying it would be a significant dent in prices given how much demand has increased and the ongoing issues in Russia but it certainly could reduce the pressure some on barrel prices and subsequently on inflation. You would think Democrats would want to relieve some of the prices at the pump just for their own sakes given there are elections coming.
Last edited by metswon69; 05-28-2022 at 11:03 PM.
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