Biden White House: Year 4

[IsntLifeFunny]

4 hours ago, reo said:

oh joy. little earl is back to show us how well he can regurgitate talking points he's been fed and show us how little he understands what's actually being discussed....

Energy dependence != most oil output in history of any nation. It's sad that so many like him believe the bullshit they're being fed. 

[ctm]

Trump and Kushner's allies....Russia and Saudi Arabia... cut oil production .  That's why prices are rising.

[Starkiller]

53 minutes ago, ctm said:

Trump and Kushner's allies....Russia and Saudi Arabia... cut oil production .  That's why prices are rising.

Also, domestic oil companies refused to increase production faster because they also benefit from high oil prices. 

[reo]

2 hours ago, ctm said:

Trump and Kushner's allies....Russia and Saudi Arabia... cut oil production .  That's why prices are rising.

 

1 hour ago, Starkiller said:

Also, domestic oil companies refused to increase production faster because they also benefit from high oil prices. 

 

US has hit all time highs in oil production each month of this year and it's expected to continue. Refineries are a different story.

 

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M

 

ctm is right though. The reason gas prices are still high is b/c Saudi Arabia specifically keeps cutting their oil production to match our increases so the prices stay up.

 

There's a really good tiktoker named MrGlobal who goes over it all the time. He's a long time oil guy if anyone is interested.

[Starkiller]

On 9/22/2023 at 3:41 PM, tgo said:

 

 

[Starkiller]

https://www.msn.com/en-us/news/politics/senate-introduces-a-bipartisan-bill-to-keep-the-government-open-through-nov-17/ar-AA1hiYxs
 

Senate leaders released a short-term funding bill Tuesday — with four days left to avert a government shutdown at the end of this month — to keep money flowing until Nov. 17 to give Congress more time to ink a larger agreement.

 

The bipartisan bill, negotiated between leaders of the Democratic majority and Republican minority, includes $4.5 billion in aid to Ukraine and $6 billion in emergency FEMA funding for disaster relief. It also prevents a lapse in FAA authorities through the end of this year and prevents a pay cut for federal firefighters.

 

The Senate will begin voting Tuesday evening to debate the measure with the hope of passing it before Oct. 1 to prevent a shutdown. It's unclear if the chamber can pass it before the 12:01 a.m. Sunday deadline, as it would likely require unanimous consent to hold a quick vote.

 

Even if it does pass in time, it’s unclear if the Republican-led House will approve it, as many GOP hard-liners oppose a short-term bill and want to advance full-year funding measures that include sharp spending cuts that Democrats oppose.

[headhunter]

The reason gas prices are high is because of refineries. Has nothing to do with anything else. We can only refine so much at a time, if we built more it would lower the the price but too much regulation and politics have stopped the building of new refineries. The refineries we do have are also old and break down all the time. 

[Strunk'sDessert]

I imagine it'd take a republican congress to relax the regulations and then another couple of years for the refineries to be built before they could impact the market. 

 

Your buddy Trump could've done that during his term, but he didn't. So stop your pathetic bitching. 

Edited September 27, 2023 by Strunk'sDessert

[IsntLifeFunny]

2 hours ago, headhunter said:

The reason gas prices are high is because of refineries. Has nothing to do with anything else. We can only refine so much at a time, if we built more it would lower the the price but too much regulation and politics have stopped the building of new refineries. The refineries we do have are also old and break down all the time. 

This is an overly simplistic view of how international and domestic gas prices work. You're correct though that more refineries would help prices. 

[Starkiller]

Oil companies benefit from artificial scarcity driving up prices. It only benefits us the consumer if they expand refinery capacity. The artificial scarcity of refinery capacity only benefits the oil industry. 

[Little Earl]

I see that senile old fool now backs UAW demands for 40% pay increase and only a 4 day work week.   Clearly that jackass is pandering for their votes, and not what is best for the country.

[Starkiller]

8 minutes ago, Little Earl said:

I see that senile old fool now backs UAW demands for 40% pay increase and only a 4 day work week.   Clearly that jackass is pandering for their votes, and not what is best for the country.

Their CEO pay went up 40%. Why shouldn’t the people actually doing the work the company makes money on get a similar raise?

[headhunter]

3 hours ago, Starkiller said:

Oil companies benefit from artificial scarcity driving up prices. It only benefits us the consumer if they expand refinery capacity. The artificial scarcity of refinery capacity only benefits the oil industry. 

Company's are not going to invest in refineries when politics are trying to get rid or substantially lower oils wide spread use in the country. Problem is that's a pipe dream. Oil is the life blood of any country and it's use will never go away. Companies do want to build refineries but it's being politically prevented. Bad thing is more are shutting down because they are so old and ran down and there are no plans to build new ones. $2 or less a gallon is realistically possible if we had more refineries. 

[tgo]

 

[Starkiller]

1 hour ago, headhunter said:

Company's are not going to invest in refineries when politics are trying to get rid or substantially lower oils wide spread use in the country. Problem is that's a pipe dream. Oil is the life blood of any country and its use will never go away. Companies do want to build refineries but it's being politically prevented. Bad thing is more are shutting down because they are so old and ran down and there are no plans to build new ones. $2 or less a gallon is realistically possible if we had more refineries. 

Oil refining isn’t going away in my lifetime. They just cut down on refining capacity because it cuts their costs and increases their profits. 
 

Let the federal government build their own refineries if you want to make presidents responsible for the price of oil. Guess who is going to complain…