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Biden Solves High Gas Prices

What do you think has helped drive down gas prices? And it helps our trade imbalance

Geez,you guys always find something to complain about.
Apprantley the Republican passed a bill that will stop future Presidents from lowering gas prices 😆
 
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Oh, how many times must I prove you all wrong. It never gets old.


U.S. energy firms are gradually boosting production, as well. In its latest forecast, the US Energy Information Administration expects U.S. oil production to hit 12.4 million barrels per day in 2023, which would slightly exceed the record high of 12.3 million barrels in 2019. The EIA thinks US production will hit 12.8 million barrels per day in 2024. That’s not the gusher of oil Biden may hope for, but it’s a meaningful increase, given that drillers face headwinds such as labor shortages and material inflation, in addition to activist opposition.
 
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Oh, how many times must I prove you all wrong. It never gets old.


U.S. energy firms are gradually boosting production, as well. In its latest forecast, the US Energy Information Administration expects U.S. oil production to hit 12.4 million barrels per day in 2023, which would slightly exceed the record high of 12.3 million barrels in 2019. The EIA thinks US production will hit 12.8 million barrels per day in 2024. That’s not the gusher of oil Biden may hope for, but it’s a meaningful increase, given that drillers face headwinds such as labor shortages and material inflation, in addition to activist opposition.
 
Hiden, the sitting Village Idiot lies again! :mad:


joe-biden-inflation-history-fbn.jpg
 
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Oh, how many times must I prove you all wrong. It never gets old.


U.S. energy firms are gradually boosting production, as well. In its latest forecast, the US Energy Information Administration expects U.S. oil production to hit 12.4 million barrels per day in 2023, which would slightly exceed the record high of 12.3 million barrels in 2019. The EIA thinks US production will hit 12.8 million barrels per day in 2024. That’s not the gusher of oil Biden may hope for, but it’s a meaningful increase, given that drillers face headwinds such as labor shortages and material inflation, in addition to activist opposition.
Crazy how quiet they get when ANOTHER good job reports come out...
 
Oh, how many times must I prove you all wrong. It never gets old.


U.S. energy firms are gradually boosting production, as well. In its latest forecast, the US Energy Information Administration expects U.S. oil production to hit 12.4 million barrels per day in 2023, which would slightly exceed the record high of 12.3 million barrels in 2019. The EIA thinks US production will hit 12.8 million barrels per day in 2024. That’s not the gusher of oil Biden may hope for, but it’s a meaningful increase, given that drillers face headwinds such as labor shortages and material inflation, in addition to activist opposition.
If gas stays where it is at 3.50 I give nary a shit who gets the credit.
 
If gas stays where it is at 3.50 I give nary a shit who gets the credit.
Unfortunately gas at $3.50 US a gallon is killing our economy. It's part of the Hiden Inflation Package and the reason the MFing Fed keeps raising interest rates. Eggs are 8 bucks a dozen and a gawt damn 5 pound bag of potatoes are $8 bucks as well. :mad: The Imbecile in Chief needs to be frog marched to the gallows and hung at dawn. :mad:
 
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Unfortunately gas at $3.50 US a gallon is killing our economy. It's part of the Hiden Inflation Package and the reason the MFing Fed keeps raising interest rates. Eggs are 8 bucks a dozen and a gawt damn 5 pound bag of potatoes are $8 bucks as well. :mad: The Imbecile in Chief needs to be frog marched to the gallows and hung at dawn. :mad:
But the good news is over half the women in his administration are women. Wait, is joe a biologist?
 
Unfortunately gas at $3.50 US a gallon is killing our economy. It's part of the Hiden Inflation Package and the reason the MFing Fed keeps raising interest rates. Eggs are 8 bucks a dozen and a gawt damn 5 pound bag of potatoes are $8 bucks as well. :mad: The Imbecile in Chief needs to be frog marched to the gallows and hung at dawn. :mad:
You didn't mention a 62.4 labor participation rate. A thorn in a glowing jobs report.
 
Then I wonder why his approval rating is just 41%. And why 70% think the country is on the wrong track. But I bet you will hatch some pretzel logic to tell everybody how stupid those people responding to the poll are.
Good question. Inflation affects everyone, no matter what caused it. Especially since most people don’t really understand what causes inflation.

This thread is a good example.
 
Soy cuck uses Wu Kung Flu data where all blue states shut down their entire economies. Take a lap!!! You still wear a face diaper to bed? 😂

retard-retard-alert.gif

great read.

this article explains why these employment numbers @BSC911 @kalimgoodman keep flapping their gums about aren’t really accurate and misleading.

Unemployment Statistics Are Misleading. Economic Hardship Is Much Worse​

Analysis: Headlines still say the job market is strong, but it's not true.


What official figures tell us (and what they don't)​

Let's start with the misconceptions. An unemployment rate of 3.7% does not mean that 96.3% of people in the US are gainfully employed.

Nor does the official unemployment rate represent how many people are collecting federal unemployment insurance. A large percentage of people without jobs aren't even eligible to collect unemployment, such as independent contractors, as well as employees who quit voluntarily or were fired for cause. And a lot of workers who do qualify for jobless benefits remain without work long after their aid runs out, which is usually around 26 weeks.

The BLS' unemployment data comes from the Census Bureau's Current Population Survey, which interviews about 60,000 eligible households each month. For the main BLS figure, called the U-3, the number of unemployed people is recorded as a percentage of the civilian labor force. Individuals are classified as unemployed if (and only if) they meet the following criteria: They must be currently available to work and must have looked for a job in the last four weeks.

That means that someone without a job who is not "actively" seeking work -- whether due to pessimism, family obligations or multiple other reasons -- is considered outside of the labor force and excluded from the U-3 figure.

unemployment.png


 
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@BSC911

If we're going for 100% truthiness, may I suggest a title edit to:

Biden's Handlers / New World Order Solves High Gas Prices

As I'm almost certain even if the President did have control over gas prices this specific example doesn't know what planet he's on or what year it is, much less a working knowledge of national economic energy policy.
 
Soy cuck uses Wu Kung Flu data where all blue states shut down their entire economies. Take a lap!!! You still wear a face diaper to bed? 😂

retard-retard-alert.gif

Soy cuck uses Wu Kung Flu data where all blue states shut down their entire economies. Take a lap!!! You still wear a face diaper to bed? 😂

retard-retard-alert.gif
I guess shutting down an economy during a pandemic will have no affect on labor participation? I'm actually surprised he wouldn't know that.
 
Until this country gets back to any kind of pre pandemic footing, if ever, regarding a ton of stats on jobs, wages, etc, these numbers will be skewed for decades. Shutting down an economy, paying millions of people billions of dollars not to work and having them slowly return to the labor market. Nobody had ever seen this scenario before and the statistics to go with it. Jobs lost because an economy is shut down during a pandemic and then slowly return doesn't mean you created them. That's why so many of these economic stats are pandemic related, whether good or bad.
 
Until this country gets back to any kind of pre pandemic footing, if ever, regarding a ton of stats on jobs, wages, etc, these numbers will be skewed for decades. Shutting down an economy, paying millions of people billions of dollars not to work and having them slowly return to the labor market. Nobody had ever seen this scenario before and the statistics to go with it. Jobs lost because an economy is shut down during a pandemic and then slowly return doesn't mean you created them. That's why so many of these economic stats are pandemic related, whether good or bad.
Great point. You burned down private businesses and many of those people had to return to work or foreclose on their homes. It's smoke and mirrors with plastic stats.
 
Yep, I should have mentioned that it’s up from the 60.1% during the Trump administration, and steadily rising.

Thanks for the reminder.
No liar. It was at 63.3 % in December 2019 prior to the pandemic and was trending upwards. It never fell below 62.7% during the Trump years after seeing a constant decline in participation rate from 2009 to 2016 (go figure). I just broke my rule of never try to reason or argue with a moron. Anyway, you are welcome for the reminder. Facts are such a nuisance to your bleating aren't they?

https://fred.stlouisfed.org/series/CIVPART
 
No liar. It was at 63.3 % in December 2019 prior to the pandemic and was trending upwards. It never fell below 62.7% during the Trump years after seeing a constant decline in participation rate from 2009 to 2016 (go figure). I just broke my rule of never try to reason or argue with a moron. Anyway, you are welcome for the reminder. Facts are such a nuisance to your bleating aren't they?

https://fred.stlouisfed.org/series/CIVPART
Dude. Your own chart shows it was 61.3 when Biden took over in Jan 2021. It was 62.8 when Trump took over in Jan 2017.

Facepalm.
 
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Crude down 10% in the last week, so lower gas prices are on the way. It’s amazing how Biden can control the world oil markets with just a snap of his fingers.
 
Crude down 10% in the last week, so lower gas prices are on the way. It’s amazing how Biden can control the world oil markets with just a snap of his fingers.
^ Village idiot. Gas prices aren't coming down until more refineries are approved and built. Oil companies aren't going to build them with Hiden threatening them with more taxes and a general threat to production.

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