US energy producers roast Biden for demanding 'companies running gas stations' lower pump prices

Oh I am totally in agreement. The talking points fed to the RW partisans don't compute when put under a microscope or even a regular lens. But, the media is also to blame for exploiting the rift and not calling out the reasons and facts here but simply dramatizing the ignorance divide. They want a scapegoat to point a finger at, it's the American way now to $$ eyeballs.

 

Their costs are going up too. In order to continue operations they must increase profits to pay for higher fuel costs, higher mud costs, higher shipping costs, higher emission standards, higher wages.

you don’t think that employees for oil companies will not want a wage increase during inflation do you? Who wouldn’t?

 

The lefts ability to recognize a problem, the reasons behind it, and correct course for it are so woefully lacking here lol. The partisan glasses are so real in the left

 

Can you blame them? The alternative is to admit that they have elected the worst president in modern(100 years) US History. They're never going to admit that. Just like they want to forget we were energy independent before the Biden Administration.

 

Biden doesn’t want lower gas prices because then people will drive more and that doesn’t line up with his global warming agenda.

 

Is it? The Oil and Gas association responded,.... and they there for the domestic producers of oil. The ones who is selling it for record profits to the gas stations.
The Oil and Gas association is also part of the topic.

 

The Oil and Gas association responded. They are producers of oil. That is big oil.

 

So companies are charging more at one end because something is costing more, but the same companies are not giving a deduction on the price when something is costing less.

All in all the bottom line persist that there is no need to be charge THAT much, but they are and so are making record profits.
Whose fault is that? You expect Biden to make a policy capping the amount of profit? lol

 

So, you are now acknowledging that President Biden has no control over gas prices.

We've been telling you this all along.

 

But their profit are going up SIGNIFICANTLY faster than the costs AKA profiteering/price gouging the consumer hence RECORD profits. Don't warp reality through a partisan lens.

 

I do fully understand how this works with %'s. And it's indeed the request to lower the profit margin, but not the overal profit made. In the end, the oil companies didn't do anything special for it. What the oil companies do is telling Joe the plumber to bend over backwards for the price hike from 100 to 197 bucks, but demand an extra 3 bucks for the sake that the profit margin remains the same. And that 3 bucks extra is just there for more lavish parties for the luck 1% while Joe the Plumber gets to hear that on the news.

While Biden asks to not charge that extra 3 bucks, because that 97 bucks increase is already really really tough for Joe the Plumber to pay. It's not hard to understand.

 

Exactly...
Wasting Bandwidth in Current Events by directing people to Twitter Comments by a Bunch of Biden-Hating Twitter Trolls? :smdh:

 

Yeah well. The profit margin seems to remain the same, hence the record high profits. And them profits only end up at the lucky 1%... at the expense of joe the plumber. The lucky 1% who doesn't pay or hardly pays any taxes anyways. So of course people are eyeballing where the money goes.

 

RWNJs when progressives advocate for better wages, universal healthcare, and universal secondary education: WHY DON'T YOU PULL YOURSELVES UP BY THE BOOTSTRAPS YOU LOSERS!!!

RWNJs when capitalism starts capitalizing, the free market starts freemarketing, and supply and demand nails you at the gas pump: DADDY GOVERNMENT PLEASE DO SOMETHING MY GIANT PICKUP ONLY GETS 10MPG.

 

Biden is attacking gas stations for profits as well. That’s all he and you have. The hate for profits is a common trait shared by China. In fact they are praising Biden’s moves. Doesn’t surprise me that communist countries side with democrats

 

They responded yes, but the attack from Biden was directed at gas stations. Just because big oil is defending the little guy doesn’t mean the gas station comment was directed at them.

 

You also have to realize that we are working in a free market where cost helps control supply and supply helps control costs. When you have a president that has no desire to help with supply that only leaves cost to help control supply. If they let prices fall supply would fall to the point of shortages and likely rationing.

 

Exactly... they are perpetual victims and whiners.

 

Yep. The "strong silent" types are neither.

And they don't have the foggiest notion of what causes high prices.

 

Maybe their representative Maxine Waters can hold a rally and tell her followers to go find these oil company executives at a restaurant or a gas station and push back on them and tell them their not wanted.

 

Are you kidding me? When the government won’t allow for the increase in supply like Biden is doing it only leaves prices to control supply. And rightfully so! If we don’t increase production and kept prices low it would lead to no gas at the pumps. Likely gas rationing.

When we have a president like Joe who won’t allow for supply increases then why would you ever blame it on free markets? The government is the one slowing production down with more red tape, huge increases to the cost of leases, and making plans for oil with less leases.

 

Who are you kidding ? The President does NOT control supply. The producers and the refiners and the transporters do. Right now they are happy with record profits and have zero motivation to increase supply. As for being energy independent, guess what ? We still are.

 

Joe, you are in denial. I understand that partisanship can "focus" a view but it could also lead to unreasoned thought in this case. Thanks for the engagement but I don't like circular arguments based on lack of thought.

 

No they don't care.
The "partisan cudgel" is easier.

 

I can't teach you to think if you don't want to. Sorry, you're being fooled by partisan talking points that you have not thought through.