Americans should prepare for gas prices to keep rising, analysts warn

Discussion in 'Current Events' started by sec, Oct 5, 2022.

  1. sec

    sec Well-Known Member

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    https://www.foxbusiness.com/politics/americans-should-prepare-gas-prices-keep-rising-analysts-warn

    HYPERLINK has full article

    snip

    Major petroleum refinery snags and policies disincentivizing more fossil fuel production or nationwide refinery capacity have contributed to the price uptick, the analysts said. In addition, the powerful Middle East oil cartel the Organization of the Petroleum Exporting Countries (OPEC) and Russia are expected to announce a massive production cut of up to 1-2 million barrels per day on Wednesday, Reuters reported...............

    De Haan also took aim at several government policies that he said have contributed to refinery snags and higher gasoline prices more broadly. He specifically criticized the Biden administration saying oil companies should increase refining capacity while it has openly advocated for a transition away from fossil fuels.

    "The White House is basically picking a winner," he continued. "It's picking EVs and it's picking a loser: fossil fuels. What oil company is going to invest billions of dollars in building a new refinery? In this climate, it would be foolish




    "Talk about doublespeak. 'We need to build more and we're going to shut you down in 10 years.' That confusion is not going to build confidence in oil companies to say, 'hey, you know what, we'll expand our refinery by 100-.' No, nobody's going to do that."

    end snip


    Democrat policies have really put the hurt upon the avg folk. Will voters be able to get past the media propaganda and do the right thing in November?

    Democrat votes have consequences; never good
     
  2. Zorro

    Zorro Well-Known Member

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    Biden's Secret Deal with OPEC blows up in his stupid face and the American Worker pays the consequences.

    [​IMG]

    'Biden made a secret offer to buy up to 200 million barrels of OPEC+ oil to replenish the SPR in exchange for OPEC+ not cutting oil production.'

    'Democrats killed Trump's plan to replenish the SPR with oil from American producers, not OPEC+ ones, and at a price of $24 a barrel, not the $80 a barrel that the Biden White House promised to OPEC+. At the time, Trump was seeking to stabilize the American oil industry after the Covid-19 pandemic massively reduced oil demand. Trump and Congressional Republicans proposed spending $3 billion to fill the SPR. Senate Democratic Leader Chuck Schumer successfully defeated the proposal, and later bragged that his party had blocked a “bailout for big oil.”'

    Gee thanks you bastards. You prevented buying oil from American producers for $24/barrel so you could buy from OPEC for $80/barrel? And you brag about it? These bastards are shameless and they hate and disdain the American Worker that works so hard for the tax money they give for them to manage. These are horrible people that have no business in the positions of trust they are in.

    https://michaelshellenberger.substack.com/p/bidens-secret-promise-to-opec-backfires

    33 days and vote for change, before all you have left is a little loose change!
     
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  3. Wild Bill Kelsoe

    Wild Bill Kelsoe Well-Known Member

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    That's exactly what the Democrats want.
     
  4. mswan

    mswan Well-Known Member

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    Yep. Biden guaranteed it.

     
  5. Irrational thinker

    Irrational thinker Well-Known Member

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    Newsom put on a farce with this. His party caused the price to go up. Now he issuing inflationary rebate just before midterm. Prices in CA are hovering between 6.49 to 6.79 for regular.
     
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  6. Zorro

    Zorro Well-Known Member

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    HE’LL DO LITERALLY ANYTHING BUT END HIS WAR ON AMERICAN ENERGY PRODUCTION: Biden To Ease Sanctions On Socialist Venezuela, Releases Maduro’s Convicted Narco Trafficker Nephews.

    [​IMG]

    'The administration freed up hundreds of millions of dollars in Venezuelan funds that are frozen in U.S. banking institutions. Biden also released convicted narco traffickers related to Maduro in exchange for hostages taken by the regime, a move that could incentivize other hostile foreign powers to detain American citizens so they can use that as leverage over the Biden administration.'

    Ugly.
     
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  7. mswan

    mswan Well-Known Member

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    This man is senile and incompetent. He's incapable of defending our country's interests. Chauncey Gardener in the flesh.
     
    Last edited: Oct 7, 2022
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  8. James California

    James California Well-Known Member Past Donor

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    ~ Americans should expect the price of everything to keep going up ...
    :banana:80 million votes :blownose:
    ~ Sad but true . We are expected to believe that the majority of Americans voted for this. :blankstare:
     
  9. FatBack

    FatBack Well-Known Member

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    Gas went up 28 cents in the last 24 hours here and Diesel went up over 50 cents
     
  10. TheTruthHurts

    TheTruthHurts Newly Registered

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    Agreed completely. He is perfect for those who handle him.

    Poor biden will most definitely fall on the sword for the damage his handlers are causing to our country.

    His wife and family should be ashamed but they are so power and money hungry they couldn't care less.

    Man I'm so effing happy I made good financial choices early in my life.

    What's happening now hasn't affected me at all, but it has affected so many around me.
     
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