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Gas stations in Washington reprogram pumps to prepare for $10-a-gallon fuel as Bidenflation sends av

Discussion in 'Political Opinions & Beliefs' started by sec, May 19, 2022.

Page 6 of 6
  1. WillReadmore

    WillReadmore Well-Known Member

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    <dupe>
     
    Last edited: May 23, 2022
    WillReadmore, May 23, 2022
    #126
  2. WillReadmore

    WillReadmore Well-Known Member

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    No, he did not.
     
    WillReadmore, May 23, 2022
    #127
  3. ButterBalls

    ButterBalls Well-Known Member

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    Last edited: May 23, 2022
    ButterBalls, May 23, 2022
    #128
  4. ButterBalls

    ButterBalls Well-Known Member

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    Last edited: May 23, 2022
    ButterBalls, May 23, 2022
    #129
  5. ECA

    ECA Well-Known Member

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    No I really did. It was the last sentence of my post. Odd as it may seem I really don’t keep a tally of all govt spending. I really do have other hobbies.
     
    ECA, May 23, 2022
    #130
  6. ButterBalls

    ButterBalls Well-Known Member

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    And history ain't one of them :) But hey, what true believe does, right ;)
     
    ButterBalls, May 23, 2022
    #131
  7. ECA

    ECA Well-Known Member

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    You’re right…the history of govt spending isn’t a hobby of mine. Guilty as charged.
    But at least I’m not gullible to believe a TRILLION dollars was spent with none of it being accounted for. :):):p:D:rolleyes:
     
    Last edited: May 23, 2022
    ECA, May 23, 2022
    #132
  8. ButterBalls

    ButterBalls Well-Known Member

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    Clearly, but yet you seem to think you're up to a challenge ;)
     
    ButterBalls, May 23, 2022
    #133
  9. Richard Franks

    Richard Franks Well-Known Member

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    Well it might have been a good idea back then but that's all I could come up with for now.
     
    Richard Franks, May 23, 2022
    #134
  10. WillReadmore

    WillReadmore Well-Known Member

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    It's a hard problem. It's not the kind of problem that any president has been successful at solving.

    My own view is to note that more than 2/3 of our oil consumption is for transportation.

    As electric cars come in (which is happening today), there will be more price competition. And, competition is what gives good consumer prices.

    Electricity is cheaper, and gas companies can't afford to simply lose out on price competition.

    Plus, by using less oil we'll have less to worry about in terms of supply.

    In other words:

    More electric vehicles likely means better gas prices!
     
    Last edited: May 23, 2022
    WillReadmore, May 23, 2022
    #135
  11. Joe knows

    Joe knows Well-Known Member

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    Sure it would. We still aren’t at our peak outputs. And to claim we can’t get there is absurd because we are the largest producer.
     
    Joe knows, May 23, 2022
    #136
  12. Moonglow

    Moonglow Well-Known Member

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    Opec +
     
    Moonglow, May 23, 2022
    #137
  13. WillReadmore

    WillReadmore Well-Known Member

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    That's not the issue.

    The issue is whether new production would be significant in comparison to the TOTAL WORLD production.

    Besides that, it hasn't been that long since oil was so cheap that oil companies were going out of business and losing money for simply have oil.

    What YOU think could happen is that these companies will borrow large amounts of money to invest in new holes in the ground trying to produce so much oil that the price of oil goes DOWN.

    Free market capitalism says that is ridiculous.
     
    WillReadmore, May 23, 2022
    #138
  14. Moonglow

    Moonglow Well-Known Member

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    You can't turn the petroleum industry on and off like a light switch.
     
    Moonglow, May 23, 2022
    #139
    Dayton3 likes this.
  15. Moonglow

    Moonglow Well-Known Member

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    Biden doesn't control the price of gas nor does he control the refineries or the production of oil.
     
    Moonglow, May 23, 2022
    #140
  16. WillReadmore

    WillReadmore Well-Known Member

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    Nope.

    That was a time when oil was so cheap that companies were losing money simply by owning oil. For a while, it cost more to store than the oil was worth.

    So, Trump worked hard to decrease supply so it would cost more, thus saving US oil companies that hadn't yet gone belly up.
     
    WillReadmore, May 23, 2022
    #141
  17. Joe knows

    Joe knows Well-Known Member

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    Nope, but you can’t turn it on by sitting on your thumbs either
     
    Joe knows, May 23, 2022
    #142
  18. Moonglow

    Moonglow Well-Known Member

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    Then I suggest you mention that to the capitalist.
     
    Moonglow, May 23, 2022
    #143
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