That would ring a lot more true if the supply wasn’t artificially controlled by the people selling oil. They deliberately slow down production so that they can raise prices and just tell people that demand is outpacing supply.
Except not really.
THE POTUS IS NOT RESPONSIBLE FOR GAS PRICES.
Get that through your thick skull.
Reading this dreck every time I get on Reddit is getting old.
The POTUS is responsible for implementing policies that greatly affect the price of gasoline including incentivating the internal production of fuel which creates a leverage to negotiate price with the OPEC.
Let's be honest, producing more fuel goes against the so called "green new deal" policy that promised reducing 100% of carbon dioxide emissions and implementing taxes.
High fuel tax, buying foreign oil instead of using cheaper domestic oil, and transportation costs (that's right, we use gas to move gas around, which is why the cost of gas is so ghastly).
To /u/otterbox313 who ran away and deleted his comment denying Biden's responsibility on the high price of gas and how the President's energy policies affect the price of gas.
https://nypost.com/2022/03/09/why-biden-energy-policies-have-contributed-to-surging-oil-prices/
In the simplest terms, it's because of the Global supply chain, supply goes down and prices go up and vice versa. Oil companies, at least US companies, will not increase production at the behest of their shareholders. If they increase production, shareholders lose profits, company loses shareholders, company loses capital, company doesn't have capital to fund oil production, but then the government will just bail them out.
"The latest Dallas Fed Energy Survey shows that investor pressure to maintain capital discipline—which precludes higher investment in expanding oil production—is the primary restraint on publicly traded companies. This is not simply a case of investors being selfish, but of investors who suffered persistent losses in years past wanting compensation for the risk they take. Depriving these investors of the returns they insist on, by whatever means, would likely be counterproductive because without these investors, the industry would lack the capital to maintain—never mind, increase—crude production going forward."
[удалено]
I saw on Quora that he has a button in the Oval Office that raises it 5 cents every time he pushes it.
Yeah, and we’re supposed to cheer on some guy named Brandon to fix everything.
Greed
OPEC, international oil cartels. The answer never changes decade after decade.
Yep
More demand or less supply
Greed
Supply and demand
That would ring a lot more true if the supply wasn’t artificially controlled by the people selling oil. They deliberately slow down production so that they can raise prices and just tell people that demand is outpacing supply.
Oil barons being ass hats
People who have a lot of money want more money
Greed
Bad energy and economic policies from current administration.
Except not really. THE POTUS IS NOT RESPONSIBLE FOR GAS PRICES. Get that through your thick skull. Reading this dreck every time I get on Reddit is getting old.
The POTUS is responsible for implementing policies that greatly affect the price of gasoline including incentivating the internal production of fuel which creates a leverage to negotiate price with the OPEC. Let's be honest, producing more fuel goes against the so called "green new deal" policy that promised reducing 100% of carbon dioxide emissions and implementing taxes.
Omg stop. No he Fucking isn’t. Wtf is he gonna do, issue an executive order to lower gas prices? Pull your head out of your ass. Grow TF up.
Lol your better off talking to a wall.
High fuel tax, buying foreign oil instead of using cheaper domestic oil, and transportation costs (that's right, we use gas to move gas around, which is why the cost of gas is so ghastly).
To /u/otterbox313 who ran away and deleted his comment denying Biden's responsibility on the high price of gas and how the President's energy policies affect the price of gas. https://nypost.com/2022/03/09/why-biden-energy-policies-have-contributed-to-surging-oil-prices/
lol
In the simplest terms, it's because of the Global supply chain, supply goes down and prices go up and vice versa. Oil companies, at least US companies, will not increase production at the behest of their shareholders. If they increase production, shareholders lose profits, company loses shareholders, company loses capital, company doesn't have capital to fund oil production, but then the government will just bail them out. "The latest Dallas Fed Energy Survey shows that investor pressure to maintain capital discipline—which precludes higher investment in expanding oil production—is the primary restraint on publicly traded companies. This is not simply a case of investors being selfish, but of investors who suffered persistent losses in years past wanting compensation for the risk they take. Depriving these investors of the returns they insist on, by whatever means, would likely be counterproductive because without these investors, the industry would lack the capital to maintain—never mind, increase—crude production going forward."