Biden, 'outraged' by oil company profits, to hit issue again in White House remarks

No, they explained the reasons and that's not it. I already explained it, so I won't bother repeating

 

Thank you for not engaging in the endless repetitions I get commonly on the forum.

 

I think you have no idea about how capitalist economies work. High oil prices in the UK are due to the relationship of supply and demand, just as they are everywhere else. Government can have policies that affect supply and demand and that certainly happened in the U.S. I will leave the expertise about the UK to you.

 

Of course they didn't. You are naive if you believe what everybody says. I provided an opinion. I stand with it.

 

And it is still below the level of demand.

 

I don't see why they would lie about it, especially when its 100% in line with what their investors said. It's also supported by common sense. It would be foolish of them to go "all-in" at a time like this.

 

I see it and I believe more than half of what you read on the internet and hear on TV or radio is lies. I believe those who say things that meet my concept of common sense and those who say what my experience has already experienced.

 

I hear oil execs say it and their investors say it, and common sense suggests the same, so then your argument is that everyone is lying for some mysterious reason, and and to you "the real truth" is what you read in internet and hear on TV or radio. If you bought into the stolen elections and other conspiracies, then it is not very surprising that you fell for this too.

LOL. You basically said you only believe what you already thought. That is the problem these days. People are told what they want to hear, and what they have already heard before, and they call everything else a lie.

 

This is their long term plan. They want to Venezuela oil production in the US and take it over.

 

Didn't they do that in Alaska, and everyone gets a monthly check now?

 

If there ever is a stolen election it will be the losing side who refuse to accept that it's legitimate and the winning side who will swear it's honest.

 

No. The government in Alaska takes the taxes on private companies and puts it into an investment fund, then uses the investment fund to pay Alaskans.

This is just one example of many why conservative states are better than leftist states.

 

Deleted - posted on wrong thread

 

Government has no business paying citizens. Ever. Period.

 

Granted I haven't fully looked into it but based on my limited understanding Alaska takes the taxes obtained from fuel sales, invests it, then returns tax payers money with interest.

If the entire government worked that way, nobody in the country would be below the poverty line.

What do the people in the states with the highest taxes get? Nothing. They get their money taken from them in taxes and get nothing in return.

 

They should get no return from government. Wealth redistribution is not only harmful to society but it is unconstitutional.

 

Yeah except from looking into it a little more, it's not wealth redistribution.

The proceeds from the states natural resources are invested. It was implemented as an amendment to their Constitution (so feel free to challenge it's constitutionality), and makes sure that every Alaskan benefits.

Not only that, it encourages people to be law abiding, as criminals get nothing.

 

Venezuela is certainly a good case study for how quickly the left can a can turn a county into a s**thole.

Biden blaming oil companies for his inflation is probably the first step towards the sort of price controls price controls that worked so well in Venezuela if the Dems continue their control of Congress.

Like I keep saying, Biden is Jimmy Carter Redux.

 

Not at all a good study sans a study of stupidity ,,,,, having noting to do with the left any more than does the right.. when the sun shines and the day is bright.

and how would you like to be compared to a Moron .. comparing Carter -- known as the smartest President to sit in the chair in modern times ... to Biden.

Not many bright spots in your post mate .. a whole lot of know naught ..

 

Businesses don't set prices. They discover prices through the market process. If they could simply set prices, they would have been as high as they are now long ago.

 

And that’s why we have inflation

 

Actually I know probably a lot more about Carter than you do, i.e., as an American, who lived in America during the Carter administration. I remember the odd/even gas rationing, the fights at gas stations, the double digit mortgage loans, the take over of an American embassy, an energy policy of telling people to wear sweaters, the manditory 55 mile speed limits, high inflation, giving away the Panama canal, pardoning draft evadors, and being widely disrespected by Americans. Yes, Carter was an intelligent man, a good man of character, but at best a totally mediocre and failed President.

And yes, Venezuela is a case study of the left/socialism in action, e.g., totally ignoring the law of supply and demand with disasterous results.

Here is a good read on the subject.
https://www.thepolicycircle.org/minibrief/socialism-a-case-study-on-venezuela/

 

They "discover" the price that creates the most profit. When they are selling things that people need, they can get away with raising prices more than if they were selling something people don't need.

None of that changes the fact that the profit of the company contributes to the prices people pay for the good or service, so if profits have remained the same or increased over a period where there has been high inflation, then the customer is footing the company's inflation bill.

 

Even really smart people do some really stupid things.

 

What a ridiculous post .. "I know more About Carter" ... good for you ... then why did you compare him to Biden intellectually as you did .. just saying stupid sht cause ya can ?

Given the above .. your opinion on whether Carter was a good President .. is not worth beans.. Bet dollars to donuts you think Rotten Ronnie was a "Good President" by comparision .. in some revisionist history without a clue land.

but what dies this have to do with Biden ?