High gas prices worth it for ‘future of liberal world order’ Biden adviser says.

Discussion in 'Current Events' started by Ruger87, Jul 1, 2022.

  1. Ruger87

    Ruger87 Banned

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  2. cd8ed

    cd8ed Well-Known Member Past Donor

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    It is being done intentionally — by Russia. That’s what he was referring to if you could make it past the headline.

    "CNN Newsroom" host Victor Blackwell played a clip of President Biden telling a reporter at Thursday's NATO Summit that Americans can continue to pay a premium for gas "as long as it takes" to win the war in Ukraine.

    "The military analysts, the Director of National Intelligence say this can be a long war measured in years. I think everybody understands why this is happening. But is it sustainable? What do you say to those families that say, 'Listen, we can't afford to pay $4.85 a gallon for months, if not years. This is just not sustainable,'" Blackwell questioned.

    What you heard from the president today was a clear articulation of the stakes. This is about the future of the liberal world order, and we have to stand firm.

    Is that why you didn’t even bother to quote any of your own article?
     
    Last edited: Jul 1, 2022
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  3. Ruger87

    Ruger87 Banned

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    If it’s because of Russia, then why the hell were gas prices skyrocketing before the Russia-Ukraine conflict? Can you riddle us that? We were at roughly $3.50 - $4.00 a gallon before that even kicked off.
     
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  4. Joe knows

    Joe knows Well-Known Member

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  5. cd8ed

    cd8ed Well-Known Member Past Donor

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    Are you really wanting to do into supply and demand discussions? We can, a quick primer

    The US is about middle of the pack when it comes to inflation and fuel price increases when compared to the rest of the world

    OPEC is producing about 3 million barrels less than they were prior to the start of the pandemic

    Numerous refineries have shuttered and there are zero plans for new ones to be built according to the CEO’s of the organizations. They are making record profits and think “peak oil” is behind us so do not see the benefit to be worth the cost.

    Is there more Biden could do, absolutely. Would it bring prices down to where they were, probably not.
     
  6. Ruger87

    Ruger87 Banned

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    None of what you are saying makes any sense. Gas prices were phenomenal the day Trump left office. In my area, it was nearly $1.60 or so. Now, it’s $5.00 a gallon. Gas prices began to rise instantaneously when Biden stepped in and started swiping his pen. That is fact.
     
  7. Steve N

    Steve N Well-Known Member Past Donor

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    So when the war ends with Russia possibly winning, we’ll go back to buying their oil and prices will come down?
     
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  8. cd8ed

    cd8ed Well-Known Member Past Donor

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    Congratulations you just identified the demand part of the equation
    upload_2022-7-1_16-23-30.png


    Please let me know how this isn’t making sense to you? That graph goes to Jan 1 2021
     
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  9. Nonnie

    Nonnie Well-Known Member Past Donor

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  10. Ruger87

    Ruger87 Banned

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    You have excuses for days, don’t you? Tell us, what’s going to be your excuse when gas hits $10 a gallon? Is that ole Donnie’s fault?
     
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  11. cd8ed

    cd8ed Well-Known Member Past Donor

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    I have no idea about that. There are too many variables. The more oil that is in the market does absolutely impact the total refined price — we saw what happened when it was at oversupply levels and was destroying our home market so the deal was reached with OPEC to lower production. Unfortunately they never ramped the production back up.
     
  12. Ruger87

    Ruger87 Banned

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    Can’t disagree. Politicians are grossly overpaid. Lord knows how many tens of millions of dollars Biden has tucked away. All taxpayer money too.
     
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  13. Nonnie

    Nonnie Well-Known Member Past Donor

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    All it is, everyone has an overall spending budget so when American gas hits $10 per gallon, some other sector suffers. People will still drive, but they will quit subscriptions etc..
     
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  14. Nonnie

    Nonnie Well-Known Member Past Donor

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    He learnt that off Obama.
     
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  15. cd8ed

    cd8ed Well-Known Member Past Donor

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    Being able to comprehend basic micro and macro economics was something that I thought was taught in all secondary schools. It isn’t an excuse, it’s an explanation.

    I literally posted you a chart showing the change in demand for fuel in this country which will absolutely affect pricing across-the-board and you followed up with that response? Pathetic
     
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  16. glloydd95

    glloydd95 Well-Known Member

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    Comments like "for the future of a liberal world order" being said so cavalierly by this administration have me thinking that there is a real war coming and soon.
     
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  17. Joe knows

    Joe knows Well-Known Member

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    Yes, because Biden’s restrictions on pipelines, restrictions on leases, his executive order against Russian oil, higher lease costs, and now late to make an energy lease plan for the first time since the 50’s has nothing to do with gas prices being high. You’re amazing. If you honestly believe that you’re literally worth mo one’s time on this subject
     
  18. Condor060

    Condor060 Banned Donor

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    So you think they can slow down production, but in the last two years are unable to ramp back up?
    That doesn't make any sense.
    What magical force would stop them from producing past production levels
     
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  19. The Mello Guy

    The Mello Guy Well-Known Member

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    Profit, it’s the most magical force
     
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  20. 19Crib

    19Crib Well-Known Member Past Donor

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    Yeah, Biden kinda said the quite part out loud, lending credence to my suspicion that Joe is crushing the country on purpose.
     
  21. cd8ed

    cd8ed Well-Known Member Past Donor

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    It is imbasileic to think that Biden could have began influencing these prices with legislation prior to his inauguration (that would be called speculation). I have never said Biden wasn’t partially responsible but to act like we would be seeing substantial decreases when we are seeing a global supply issue doesn’t make sense.

    Since I am “not worth mo one’s time on this subject“ feel free not to respond to my posts as I intend to keep commenting as I see fit. Thanks in advance.

    Thank you for the complements that I am amazing however. Cheers
     
  22. cd8ed

    cd8ed Well-Known Member Past Donor

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    OPEC? That’s literally what they do.
    Do you really think Saudi Arabia cares that Americans are pissed with the president? It probably gives them great joy.

    As to what would stop them, nothing — they can do whatever they want as they unilaterally control the price of oil which is why I am confused when anyone says we are or have recently been energy independent. They almost destroyed our local industry through producing too much.
     
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  23. Ruger87

    Ruger87 Banned

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    You come and throw some chart around from God knows where and you claim you have it all figured out? What does the chart even have to do with what the guy said? ‘It’s the future of the liberal world order’. What the hell does that even mean and why is he saying that? How does your stupid chart refute any of that?
     
    Last edited: Jul 1, 2022
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  24. cd8ed

    cd8ed Well-Known Member Past Donor

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    If you are interested in what the liberal world order is, look it up — You can start here: https://world101.cfr.org/how-world-...nt/global-governance/what-liberal-world-order

    Here is some more reading for the wiki article that dives into it: In international relations, the liberal international order describes a set of global, rule-based, structured relationships based on political liberalism, economic liberalism and liberal internationalism since the late 1940s.[1] More specifically, it entails international cooperation through multilateral institutions (like the United Nations, World Trade Organization and International Monetary Fund) and is constituted by human equality (freedom, rule of law and human rights), open markets, security cooperation, promotion of liberal democracy, and monetary cooperation.[1][2][3] The order was established in the aftermath of World War II, led in large part by the United States.[1][4]


    The chart was discussing demand for fuel based on miles driven — the source for it is at the bottom right — it was shown to explain there was a massive decrease in demand at the end of trumps term and a massive increase at the beginning of Biden’s term which will impact the cost and value of related goods based on the principles of supply and demand.
     
  25. flyboy56

    flyboy56 Well-Known Member Past Donor

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    I think the biggest take away is what was said. What exactly is the "Liberal World Order?" What does that have to do with rising gas prices?
     
    Last edited: Jul 1, 2022

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