teachercd Posted June 15, 2022 Share Posted June 15, 2022 https://news.yahoo.com/gas-prices-5-gallon-biden-110752065.html Feel like he could has "asked" for this BEFORE we hit 5 dollar avg. 1 Link to comment
BigRedBuster Posted June 15, 2022 Author Share Posted June 15, 2022 20 minutes ago, teachercd said: https://news.yahoo.com/gas-prices-5-gallon-biden-110752065.html Feel like he could has "asked" for this BEFORE we hit 5 dollar avg. Months ago, he asked the oil companies to increase drilling. the rig count in the US has steadily increased under his administration, but the oil companies have not drastically increased the number since he "asked". LINK In fact, since May 20th, they have slightly decreased. Quote It was the White House's latest effort to demonstrate to Americans that Biden, who lacks the authority to enforce the directive to oil executives, is working to reduce elevated levels of inflation. The annual inflation rate climbed by 8.6.% in May, according to the consumer price index report released last week. Maybe Republicans want to nationalize the oil industry so the President has the authority? Link to comment
teachercd Posted June 15, 2022 Share Posted June 15, 2022 8 minutes ago, BigRedBuster said: Months ago, he asked the oil companies to increase drilling. the rig count in the US has steadily increased under his administration, but the oil companies have not drastically increased the number since he "asked". LINK In fact, since May 20th, they have slightly decreased. Maybe Republicans want to nationalize the oil industry so the President has the authority? It really is not about authority to me. Great leaders get people to do things. That is what makes them great leaders. You see it in sports, business, politics...hell you see it in families. Having the power to do something and doing it, that is easy, anyone can do that. 1 Link to comment
BigRedBuster Posted June 15, 2022 Author Share Posted June 15, 2022 1 minute ago, teachercd said: It really is not about authority to me. Great leaders get people to do things. That is what makes them great leaders. You see it in sports, business, politics...hell you see it in families. The three big reasons the oil industry is giving for not drilling more is: Labor shortages Supply chain issues Investors not wanting to drill more and end up with too much and crash the oil market. This is the biggest reason given. He doesn't have control over any of these. If investors don't want more drilling, Oil companies don't have much choice. And, Biden has even less control than the executives do. Link to comment
BigRedBuster Posted June 16, 2022 Author Share Posted June 16, 2022 52 minutes ago, Archy1221 said: I did not know Biden reduced refinery capacity. https://www.eia.gov/todayinenergy/detail.php?id=52718 2 1 Link to comment
Decoy73 Posted June 16, 2022 Share Posted June 16, 2022 59 minutes ago, Archy1221 said: Put the companies who are currently making record profits “ out of business “. Hmm. Nice try Tom Fitton. 3 1 Link to comment
BigRedBuster Posted June 16, 2022 Author Share Posted June 16, 2022 12 minutes ago, Decoy73 said: Put the companies who are currently making record profits “ out of business “. Hmm. Nice try Tom Fitton. Yeah….ol’ Tommy missed the mark on this one. 1 Link to comment
JJ Husker Posted June 16, 2022 Share Posted June 16, 2022 32 minutes ago, DevoHusker said: Good information 1 1 Link to comment
Archy1221 Posted June 16, 2022 Share Posted June 16, 2022 (edited) Hit reply to jj on accident 8 hours ago, JJ Husker said: Edited June 16, 2022 by Archy1221 1 2 Link to comment
teachercd Posted June 16, 2022 Share Posted June 16, 2022 Love him or hate him, this is clever. 1 2 Link to comment
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