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Biden Solves High Gas Prices

CFAGator said:
I guess you're not familiar with the fracking boom that flooded the market with supply and tanked oil prices in 2015, despite GDP growth in 2015 of 3.1%. I'm no fan of Obama, but at least try to look up publicly available data when making up claims.
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The issue is that this is just the tip of the iceberg. Hidin moved us from energy independent to dependent. It's like having 2 consecutive shitty recruiting classes. Eventually we'll be cucks to the Saudis again, the New Green Deal hasn't even been passed yet, but hangs in the balance, teetering on passage. (Is it 2022 yet?, boot the Dimtard bastards out of Congress). Jimmy Carter says hello, and wants his legacy as worst President ever erased.
 
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NavigatorII said:
The issue is that this is just the tip of the iceberg. Hidin moved us from energy independent to dependent. It's like having 2 consecutive shitty recruiting classes. Eventually we'll be cucks to the Saudis again, the New Green Deal hasn't even been passed yet, but hangs in the balance, teetering on passage. (Is it 2022 yet?, boot the Dimtard bastards out of Congress). Jimmy Carter says hello, and wants his legacy as worst President ever erased.
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US oil production the week the Biden took office was 10.9 million barrels a day, and we're currently at 11.7 million barrels a day.

 
CFAGator said:
I guess you're not familiar with the fracking boom that flooded the market with supply and tanked oil prices in 2015, despite GDP growth in 2015 of 3.1%. I'm no fan of Obama, but at least try to look up publicly available data when making up claims.
Click to expand...
I think you need to step back and take a broader view of the data. Recent Dem Presidential policies have led to higher gas prices, despite factors you list (like the fracking boom).

Using the power of extremely rudimentary Excel skills on the data in the link you provided:

Obama
Avg: $3.06
High: $4.11
Low: $1.75

Trump
Avg: $2.57
High: $2.99
Low: $1.94

Biden
Avg: $3.06
High: $3.49
Low: $2.42

So correcting for external factors Trump delivered 19% lower energy prices on average. His "High" is lower than Biden and Obama's avg.

Something funny I noticed sorting the Biden data? It was already in ascending order. Weird.
 
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CFAGator said:
US oil production the week the Biden took office was 10.9 million barrels a day, and we're currently at 11.7 million barrels a day.

Click to expand...
We can pump all we want, but Q1/Q2 of 2021 was only the second time in the history of the country we were a net exporter of oil.

I get it's a global commodity economy and lowering prices isn't just a US issue, but producing 900k more barrels a day isn't going to have much impact sold around the world.

www.ogj.com

EIA: First-half 2021 US petroleum exports slightly outpace imports

The US exported slightly more crude oil and petroleum products than it imported during first-half 2021 by 120,000 b/d, or less than 1% of combined crude oil and petroleum product...
www.ogj.com www.ogj.com
 
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CFAGator said:
I guess you're not familiar with the fracking boom that flooded the market with supply and tanked oil prices in 2015, despite GDP growth in 2015 of 3.1%. I'm no fan of Obama, but at least try to look up publicly available data when making up claims.
Click to expand...
Yes that's the same fracking boom that obama fought tooth and nail?

Doesn't change your spin that Hiden's economy is 'above average' cause gas prices have doubled in a year under his watch.

If that logic holds, obama's economy was below average.

See what happens when you invent facts to support a BS spin?
 
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fatman76 said:
I think you need to step back and take a broader view of the data. Recent Dem Presidential policies have led to higher gas prices, despite factors you list (like the fracking boom).

Using the power of extremely rudimentary Excel skills on the data in the link you provided:

Obama
Avg: $3.06
High: $4.11
Low: $1.75

Trump
Avg: $2.57
High: $2.99
Low: $1.94

Biden
Avg: $3.06
High: $3.49
Low: $2.42

So correcting for external factors Trump delivered 19% lower energy prices on average. His "High" is lower than Biden and Obama's avg.

Something funny I noticed sorting the Biden data? It was already in ascending order. Weird.
Click to expand...
So obama and Hiden had an average price of $3.06, Trump was 49 cents lower, but the dems think Hiden deserves praise.....for lowering prices 20% off doubling them LMAO!
 
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My point is that Biden has nothing to do with the increase this year, unless you want to give him credit for the significant increase in economic growth this year that is fueling energy demand (I don't), just like Trump had nothing to do with the -3.5% GDP last year that caused a huge decline in oil prices in 2020.

We have a private energy economy in the country, we can't dictate production like the Saudis can. Our oil companies increase production as they see fit, and do so in a slow methodical way to maximize their profits, as all private companies should do.

Uncapping wells is a slow and expensive process, they can't increase production on a dime. which is why you can see the rig counts increasing slowly since the beginning of the year from 275 at the beginning of the year to 467 now. The increase has nothing to do with Biden, just like it had nothing to do with Obama when the rig count hit over 1600 in 2014, well above the Trump peak of 887 in 2019.

You can keep on believing oil prices have anything to do with negative comments from a President, or a pipeline that wouldn't be completed for years and wouldn't actually increase oil production by a single barrel, but it's short-term supply and demand and nothing more.

www.investing.com

United States Baker Hughes Oil Rig Count

Get the U.S. Baker Hughes Oil Rig Count results in real time as they're announced and see the immediate global market impact.
www.investing.com www.investing.com
 
CFAGator said:
US oil production the week the Biden took office was 10.9 million barrels a day, and we're currently at 11.7 million barrels a day.

Click to expand...
The US was in lockdown mode in most Bluetard states with the Pantsshitter took office. All blue states were at about 50% full employment. Don't be that retarded guy like BSCcuck. Don't believe me, why are we in a supply chain problem? Nevertheless, Hidin thought it best to make the US energy dependent again. Let's Go Brandon! :mad:
 
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CFAGator said:
My point is that Biden has nothing to do with the increase this year, unless you want to give him credit for the significant increase in economic growth this year that is fueling energy demand
Click to expand...
On what planet is this economic growth happening? Oh wait....you mean economic growth as compared to a lockdown-created depression last year? LOL

As someone who lived through actual economic growth under Trump....what the blue hell are you talking about? LMAO!
 
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JMOHO's as always....

Beijing Biden didn't cause the price of gas at the pump to increase, nor decrease, at any time in his 47+ years of being a corrupt deadbeat politician that's never had a real job in his entire life. He's just a full time political parasite that's always stealing from those that he's supposed to be a PUBLIC SERVANT for.

Beijing Biden didn't threaten the Ukraine's Billion dollar U.S. aid if they didn't fire the prosecutor that was investigating his son and the corrupt oil company that he was getting paid 'access' money for, regardless of what you might have watched on the vid of his Quid Pro Quo at the CFR meeting.


Beijing Biden and his son haven't really gone to China to make backdoor deals with the CCP that resulted in the Communist Red Chinese Kung Flu being made in the Wuhan lab, and then intentionally released in order to create a scamdemic to push mail in voter fraud, in order to help him circumvent the citizens choice, along with the help of Hillbilleries Dominion Vote altering/stealing machines.

Beijing Biden and his Border Ho are not responsible for the chaos of the invading army of criminal illegal aliens that are pouring in over the undefended southern border.

Beijing Biden and his Rat puppet masters don't really want to load the Supreme Court, in order to circumvent the Constitutional restraints on their tyrannical Rat overthrow of our Republic.

Beijing Biden and his Rat puppet master that are currently in control of the US Congress, did not intentionally create the Jan 6th 'fraudulent armed sedition' at the Capital. Just like they haven't held innocent American citizens in 'Political Prisons' for going on a year now, in inhumane and un-Constitutional conditions, (tip of the iceberg of their decades long traitorous corruption).

Those that continue to support these Rats are either totally ignorant and irresponsible citizens, or they are knowing traitors to the states and the citizens of America.
 
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instaGATOR said:
JMOHO's as always....

Beijing Biden didn't cause the price of gas at the pump to increase, nor decrease, at any time in his 47+ years of being a corrupt deadbeat politician that's never had a real job in his entire life. He's just a full time political parasite that's always stealing from those that he's supposed to be a PUBLIC SERVANT for.

Beijing Biden didn't threaten the Ukraine's Billion dollar U.S. aid if they didn't fire the prosecutor that was investigating his son and the corrupt oil company that he was getting paid 'access' money for, regardless of what you might have watched on the vid of his Quid Pro Quo at the CFR meeting.


Beijing Biden and his son haven't really gone to China to make backdoor deals with the CCP that resulted in the Red Communist Chinese Kung Flu being made in the Wuhan lab, and then intentionally released in order to create a scamdemic to push mail in voter fraud, in order to help him circumvent the citizens choice, along with the help of Hillbilleries Dominion Vote altering/stealing machines.

Beijing Biden and his Border Ho are not responsible for the chaos of the invading army of criminal illegal aliens that are pouring in over the undefended southern border.

Beijing Biden and his Rat puppet masters don't really want to load the Supreme Court, in order to circumvent the Constitutional restraints on their tyrannical Rat overthrow of our Republic.

Beijing Biden and his Rat puppet master that are currently in control of the US Congress, did not intentionally create the Jan 6th 'fraudulent armed sedition' at the Capital. Just like they haven't held innocent American citizens in 'Political Prisons' for going on a year now, in inhumane and un-Constitutional conditions, (tip of the iceberg of their decades long traitorous corruption).

Those that continue to support these Rats are either totally ignorant and irresponsible citizens, or they are knowing traitors to the states and the citizens of America.
Click to expand...

*Pantshitter in Chief! :mad:
 
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GhostOfMatchesMalone said:
On what planet is this economic growth happening? Oh wait....you mean economic growth as compared to a lockdown-created depression last year? LOL

As someone who lived through actual economic growth under Trump....what the blue hell are you talking about? LMAO!
Click to expand...

Q4 GDP won't be out for another month, but for the year GDP is projected at $22.9 trillion for 2021. Ignoring the covid depressed GDP of 2020, 2021 will end up with a higher GDP than the $21.3 trillion of GDP in 2019.

You can argue who or what is responsible for the growth, but to say the economy isn't growing is complete nonsense. 2021 will likely end up with the fastest growth since 1999, and possibly since 1984.
 
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Speaking of 1984, George Orwell is now spinning in his grave....

And I might be a psychic, because I think I heard Benedict Arnold just say, 'hey Joe, hold my....'

Right before hearing Judas saying that he got gypped for only 40 pieces of sliver...
 
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GhostOfMatchesMalone said:
Why is the WH meeting with the media to spin economic coverage? @CFAGator tells us Hiden deserves credit for the amazing 'economic growth' happening now. LOL
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Good Lord can you read? I literally said he is not responsible. I said the high economic growth is responsible for higher oil prices, as it is increasing energy demand.
 
NavigatorII said:
Another mental midget weighing in? Oil production is based on demand. Bluephuck states still mostly shut down. Production is based on demand or capped. CFA = Cum Faced Ass? 🤣
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So now production is based on demand? I thought the whole point of this thread was that Biden is somehow hurting US oil production, and making the country energy dependent again. Which is it?
 
CFAGator said:
So now production is based on demand? I thought the whole point of this thread was that Biden is somehow hurting US oil production, and making the country energy dependent again. Which is it?
Click to expand...
When TF hasn't it EVER BEEN? 🤣 🤣 🤣 🤣
When demand isn't making production profitable, wells are capped. What in the actual F other dimensional plane do you exist in? 🤣
 
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NavigatorII said:
When TF hasn't it EVER BEEN? 🤣 🤣 🤣 🤣
When demand isn't making production profitable, wells are capped. What in the actual F other dimensional plane do you exist in? 🤣
Click to expand...
Go back and read my posts, this is exactly what I've been saying. It is based on short-term supply and demand, it has zero to do with Biden's comments about oil or green energy or the keystone pipeline.

Oil producers have been increasing supply steadily all year, just like they were the second half of last year. We have a private energy industry here that can increase or decrease production whenever they like. They uncap wells slowly because it is expensive, and haven't increased production enough to keep up with the excess demand from the sharp increase in economic growth this year.

Please tell me how Biden is responsible for oil prices increasing. He's done nothing to hurt current oil production. Even if he cuts leases for drilling on federal land, at most that will affect supply in 2-3 years, but there are currently so many capped wells that producers aren't even bothering spending the money to drill new wells.
 
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CFAGator said:
Q4 GDP won't be out for another month, but for the year GDP is projected at $22.9 trillion for 2021. Ignoring the covid depressed GDP of 2020, 2021 will end up with a higher GDP than the $21.3 trillion of GDP in 2019.

You can argue who or what is responsible for the growth, but to say the economy isn't growing is complete nonsense. 2021 will likely end up with the fastest growth since 1999, and possibly since 1984.
Click to expand...
How the eff does half the nation shut down most essential business for 15 months and NOT grow back after lockdowns for the most part of that? Fortunately that didn't happen in red states, we were spared (and hated by the cucks), and business somewhat as usual. CA and NY are STILL effed. :mad: 🤣 🤣 🤣 That's NOT growth, that is REHAB to getting back to normal. GDmmitt..........UF has become Socialist U. A good friend of mine ran the UF Architecture dept years ago and told me just how effed the admin was there then. It's worse now. :mad:
 
NavigatorII said:
How the eff does half the nation shut down most essential business for 15 months and NOT grow back after lockdowns for the most part of that? Fortunately that didn't happen in red states, we were spared (and hated by the cucks), and business somewhat as usual. CA and NY are STILL effed. :mad: 🤣 🤣 🤣 That's NOT growth, that is REHAB to getting back to normal. GDmmitt..........UF has become Socialist U. A good friend of mine ran the UF Architecture dept years ago and told me just how effed the admin was there then. It's worse now.
Click to expand...
Not just a rebound from a depressed COVID economy, this country will produce more goods and services in 2021 than it did in 2019, or any other year in this country's history.
 
CFAGator said:
Not just a rebound from a depressed COVID economy, this country will produce more goods and services in 2021 than it did in 2019, or any other year in this country's history.
Click to expand...
Pantshitter in Chief:

Joe Biden is the kind of man who deliberately would steer his car into a ditch, crawl from the wreckage and then probe the ditch for criminal conduct.

Such nonsense mirrors Biden’s recent instructions to the Federal Trade Commission. Citing “mounting evidence of anti-consumer behavior by oil-and-gas companies,” the president told the FTC to “bring all of the Commission’s tools to bear if you uncover any wrongdoing.”

Is Biden cynical enough to blame Big Oil for a national fiasco that he concocted? Or is he so touchingly self-unaware that he misses the connection between higher pump prices and his own war on oil?

In June 2007, Biden shared with CNN anchor Wolf Blitzer his plan to cut gasoline costs: “As president of the United States, use the Justice Department to go in and investigate this whole issue of price-gouging.”

  • Killed the Keystone XL pipeline.
  • Threatened to plug the Canada-to-Michigan Enbridge Line 5 pipeline.
  • Halted oil leases in a sliver of Alaska’s Arctic National Wildlife Refuge.
  • Stopped oil and gas leases on federal lands.
  • Proposed a methane tax that could cost this industry up to $10 billion annually.
  • Encouraged left-wing activists to pressure financiers to defund oil companies.
And how is this multifront war on oil working out? As predicted.


Libtards.........making America MSNBC again. :mad:
 
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CFAGator said:
Q4 GDP won't be out for another month, but for the year GDP is projected at $22.9 trillion for 2021. Ignoring the covid depressed GDP of 2020, 2021 will end up with a higher GDP than the $21.3 trillion of GDP in 2019.

You can argue who or what is responsible for the growth, but to say the economy isn't growing is complete nonsense. 2021 will likely end up with the fastest growth since 1999, and possibly since 1984.
Click to expand...
Ok for the first time I'm starting to think we may have found an actual @BSC911 sock account. No one with a working brain calls this 'economic growth'.

The economy is garbage. Turning the economy back on after keeping it off for a year isn't 'growth'. It's restarting a dead economy.

This is as dumb as @BSC911 claiming obama was amazing cause he once had a quarter with 3% GDP.....which ignoring that he had a NEGATIVE GDP the quarter before.

This would be like Napier going 1-11 next year, then in 2023 he goes 2-10, and you claim he's doing an amazing job cause Florida's win total increased by 100%, 'faster than it ever did under Meyer OR Spurrier!'
 
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CFAGator said:
Not just a rebound from a depressed COVID economy, this country will produce more goods and services in 2021 than it did in 2019, or any other year in this country's history.
Click to expand...
No shit. It's having to produce goods for LAST year AND this one.

That's not growth. That's making up for what was lost last year.

The hell of it is, if Hiden didn't have dementia, it would be even higher. It should be MUCH higher.
 
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GhostOfMatchesMalone said:
No shit. It's having to produce goods for LAST year AND this one.

That's not growth. That's making up for what was lost last year.

The hell of it is, if Hiden didn't have dementia, it would be even higher. It should be MUCH higher.
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Sunburnt needs to weigh in. But even he can't make headway with the slowest among us. I suspect he'd have no better luck either with this assclown.:(
 
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You guys keep going back to Biden. I never once gave Biden credit for the current economy. It's just crazy that you guys can try to say the economy is not growing at a significant pace. Of course you guys haven't provided one piece of economic data to back up your claim. If you want to claim the growth is due to government spending and artificially low rates from the Fed, instead of Biden, I'd agree with you, but don't say there isn't sharp growth right now.
 
CFAGator said:
You guys keep going back to Biden. I never once gave Biden credit for the current economy. It's just crazy that you guys can try to say the economy is not growing at a significant pace. Of course you guys haven't provided one piece of economic data to back up your claim. If you want to claim the growth is due to government spending and artificially low rates from the Fed, instead of Biden, I'd agree with you, but don't say there isn't sharp growth right now.
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What good is GDP growth of 3% when inflation is whirring along at 7%? 🤣 And that's a LOW estimate.
 
NavigatorII said:
It's seriously like a 5 star recruit bragging about adding 2 inches to the chest while gaining 5 inches of fat on the gut. And that's where we are right now, diminishing returns.
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It's like @CFAGator writing a letter to the Chick Fil A district manager demanding a huge raise cause Monday's sales at his Chick Fil A were up sharply from Sunday's sales LOL
 
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