What are Y'all Gonna Do Next Month When A Gallon Of Milk Cost $11

if we want to be energy independent, American oil need to have its own exchange, not be tied to the global exchange

that said, we should save our oil for our children, imagine a world where the USA runs out of oil resources first

 

No it doesn't we were doing quite fine before COVID and then Biden.

 

Maybe we just need to get Biden and his absurd green new deals out of the way and let the markets function.

 

Fake News. All we need is to produce all that we need. As for your "concern" that we run out of energy resources, I don't buy it. Many on the Left are degrowthers, they hate the independence of the working and middle class and strangling energy supplies is a way to control them. Many on the Left loved the lockdowns, and making energy so expensive that folks can't go out is their newest strategy to keep us locked down.

ONE OF SEVERAL AREAS WHERE THE OPINION OF THE SELF RIGHTEOUS GENRY SHARPLY DIVERGES FROM PUBLIC OPINION: 70% Favor Increased U.S. Oil and Gas Production.

70% of Likely U.S. Voters agree with the Freedom and Liberty Republicans that the U.S. government should encourage increased oil and gas production to reduce America’s dependence on foreign sources of oil and gas. Only 18% ascribe to the Democrat Police of opposition to encouraging U.S. energy independence, while 12% are not sure.

 

yes, we were not doing well during covid under Trump or Biden... Covid is almost over

if you're not gonna count Trump's covid years, then you can't count Biden's

 

we just need to get foreign oil producing again, the ones Trump threatened unless they reduced supply to male prices go up, which they definitely have

 

we have all we need, in fact we are exporting oil, but the oil price is set at the global level

we have plenty, but that doesn't mean US oil companies are gonna sell it to you cheaper

the only thing that will force US oil to reduce their price is more cheap foreign oil entering the market

 

Fake News. Supply in excess of demand lowers prices. Demand in excess of supply increases prices. The complete refusal of some on the Left to admit market fundamentals renders them unfit for federal office.

 

Oil company's set prices.

 

Pick up an economics book fella.

 

I love all these 'educated' leftists who:

a. Don't understand the global pricing of a barrel of oil
b. Suddenly don't give a **** about "global warming" or "pollution"
c. Just funded the invasion of Ukraine via their stupidity, and now want to fund even more groups that want to destroy us

You just have to shake your head at how truly dumb they are.

 

why, you need one? sounds like it.....

 

globally, even if we have enough oil to export it... the price is set globally, so if there is a global shortage, we pay more

republicans lied to you, energy independence doesn't equal cheaper gas at the pumps

 

Fake news.

i) If supply exceeds demand, prices come down.
ii) If demand exceeds supply, prices go up.

iii) No wonder Biden and the Democrats have completely screwed up the economy, they are economically ignorant.

Moreover:
iv) money paid for foreign supplied oil is a subtraction from GDP
v) money paid for domestic supply is an addition to GDP

vi) You are claiming that addition = subtraction. See iii).

 

They are without a doubt the most gullible people on the planet.

 

Who claimed that again?

You're just a dishonest person

 

if you agree that if foreign oil floods the market, prices will not come down.... then why you disagreeing with me about it?

who is being dishonest? that is true....

 

You spread fake information about cheap foreign oil flooding the market when no such oil exist
I asked you 7 times to show us this cheap foreign oil and you refused to do so because you can't
Several posters have explained to you how the oil markets work
And you still spread fake information
Then You posted I claimed when cheap foreign oil floods the US markets prices will come down
You're just not an honest person

 

most certainly does, trump put a stop to it to bring the price of oil back up


"Trump told Saudi: Cut oil supply or lose U.S. military support"

https://www.reuters.com/article/us-...se-u-s-military-support-sources-idUSKBN22C1V4

 

So you don't even know what the article says.
You're a dishonest person.
Go bother someone else.
I have no interest in your BS any more

 

You do know that people buy up all the cheap oil and hold it correct? If you are only willing to pay $60 a barrel and globally everyone else is paying $120, guess what. People will by all the cheap supply, and resell it for $120.
America exports oil now, we cant supply enough to offset the global market and prevent them from just buying it all up, and relisting it.

Crude oil is down now from $130. It most likely will never cross over that mark again...I know, cause I would make too much money. I'm not that lucky.

 

Well that couldn't be more ridiculous

 

My math tells me the situation would have to be global for oil to even get as high as $130. For $300+ per barrel things would have to be catastrophic. Like were are running out of oil globally catastrophic.

That's when we will pay $10 per gallon. At $280+ per barrel. I don't see that happening.

 

Do you really believe there is only ONE type of crude oil and the price for that ONE type of crude oil is the same everywhere in the world?

 

COVID has been over as far as the market unfortunately Biden has made it worse since then.