Bidenomics at the Gas Pump

Originally posted by: David Miller

 The reality --  Thinking back before brain dead Biden took office, gas was $ 2.10/ gallon at the pump, oil reserves were full and America was exporting oil. It has only taken the current administration 3+ years bring oil production to where we find it today, with the current cost of gas at the pump being $3.25 after averaging over $3/gallon since 2020. Millions of Americans have paid the price, costing them untold extra millions. - Gasoline prices hit at an all-time high of more than $5 per gallon in the summer of 2022. This historic rise in gasoline prices helped push inflation as measured by the Consumer Price Index (CPI) to 9.1 percent in June, the highest rate of U.S. inflation in more than 40 years. - there really is no good news about the cost of gas since Biden took office.


America was exporting oil before Biden was President, what has happened since he's been President?

 

Source: U.S. Energy Information Administration Released April 30, 2024

 

 

Originally posted by: David Miller

      HahHahHahHahHahHah - that is one of the dumbest things you have ever posted - and that is saying a lot.


Golly !  there you go again - being so nasty and insulting.    How come the moderators only punish Kevin for being nasty?  Gee whiz !

 

I was simply pointing to the time period of YOUR POST.      You are bragging about pandemic oil prices and saying how much better it was then.     Thats your post.    Thats the time period of your post.   

 

You also started this thread by complaining about current gas prices...but when confronted with supply data yoy changed your argument to future drilling.   

 

So in both cases you realized your daily talking point from a retard on FACEBOOK didnt hold water when put against data and history.....so you resorted to being insulting.    Seems to be a pattern with you, dear David.   

Originally posted by: PJ Stroh

Golly !  there you go again - being so nasty and insulting.    How come the moderators only punish Kevin for being nasty?  Gee whiz !

 

I was simply pointing to the time period of YOUR POST.      You are bragging about pandemic oil prices and saying how much better it was then.     Thats your post.    Thats the time period of your post.   I guess you determined your position was not rationally defendable so you resorted to being insulting.    

 

 

 

 

 

 

 

 

 

 


 There is nothing nasty or insulting about my post. Any lucid person would have laughed at the content of your post, which is an insult in itself to reality. I understand that you would like to see me barred - my posting the truth goes contrary to your versions of reality and it obviously upsets you because of that. I suggest you should refrain from reading anything I post as I will continue to post the truth. 

Originally posted by: David Miller

 There is nothing nasty or insulting about my post. Any lucid person would have laughed at the content of your post, which is an insult in itself to reality. I understand that you would like to see me barred - my posting the truth goes contrary to your versions of reality and it obviously upsets you because of that. I suggest you should refrain from reading anything I post as I will continue to post the truth. 


I've noticed your truth is usually scarce on facts, not very deep on analysis and lacks a deep understanding on how the world works outside a narrow echo chamber you seemed to live in.


Originally posted by: MaxFlavor

I've noticed your truth is usually scarce on facts, not very deep on analysis and lacks a deep understanding on how the world works outside a narrow echo chamber you seemed to live in.


   Really? My "truth" is readily apparent if one opens their eyes and observes the world for what it is, instead of believing the world that is described by the lying media. 

Originally posted by: David Miller

   Really? My "truth" is readily apparent if one opens their eyes and observes the world for what it is, instead of believing the world that is described by the lying media. 


Your thought process:

 

 

My thought process:

 

"Rig count is down, oil production is up. Proved reserves are up and Biden can't be in office for more then a little more then 4 years, so I'm pretty sure it's going to be OK.

 

This report was released April 29th, 2024

 

"U.S. crude oil and lease condensate proved reserves increased 9% from 44.4 billion barrels to 48.3 billion barrels at year-end 2022 (Table 1)."

 

Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2022 (eia.gov)

 

By the way did you know that oil is a global market and just because Exxon or whomever pumps it in the USA doesn't mean they have to sell it in the USA? With capitalism they can sell it to whomever they want, they can also adjust their production so that they reduce costs, hopefully maintain higher prices and realize the greatest profit? The President has little impact on that. 

 

Exxon beats estimates, ends 2023 with a $36 billion profit | Reuters

 

Occidental beats profit estimates on higher oil prices | Reuters

 

Pioneer reports lower profit ahead of its takeover by Exxon | Reuters

 

Chevron profit sinks but beats estimates, shares up | Reuters

 

ConocoPhillips misses quarterly profit estimates on lower gas prices | Reuters

 

Mild winter, production up, and lower natural gas prices all come into play.

 

Why doesn't MAGA not believe in free enterprise and captialism? Weird.

 

Originally posted by: MaxFlavor

I've noticed your truth is usually scarce on facts, not very deep on analysis and lacks a deep understanding on how the world works outside a narrow echo chamber you seemed to live in.


Apparently, unless it comes from Facebook, it's not the truth, Max.  

Originally posted by: Edso

Apparently, unless it comes from Facebook, it's not the truth, Max.  


   As has been said for eons, don't blame the messenger for the message.

Originally posted by: David Miller

   As has been said for eons, don't blame the messenger for the message.


I'd blame the messenger if they handed me a cowpie and told me it was a message, I'd ask them if they do the difference between a message and a cowpie.

Originally posted by: MaxFlavor

I'd blame the messenger if they handed me a cowpie and told me it was a message, I'd ask them if they do the difference between a message and a cowpie.


          Eventually everyone must accept the premise  that "the truth is the truth". Your eventuality is coming. . . 

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