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Oil highest in 7 years. Thanks, Joe

By HatetheSwamp
October 4, 2021 2:38 pm
Category: Politics
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I'm so glad I bought a hybrid...while new cars were still on the lot at the dealership.

And, don't blame me. I voted for Trump.

Bahahahahahahaha, ahhhhhhhhhhhhh.


Cited and related links:

  1. apnews.com


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Comments:

  1. by Donna on October 4, 2021 6:22 pm
    Neither of the MLB teams I follow, the Angels or Orioles, made it to the playoffs again. Phucking Biden!!


  2. by HatetheSwamp on October 5, 2021 5:27 am

    Believe it, Donna. The whole world knows that Joe is weak. His Afghanistan buffoonery made that abundantly clear. And, now, his inability to lead his own party makes his ineptitude more obvious. No one in the whole world respects Joe. No one is going to help him out.

    You can pretend to be conveniently naīve all you want but this time I'm not going to give you the benefit of the doubt. Nice try but this is too obvious. We know. You're smarter than this.


  3. by Ponderer on October 5, 2021 7:41 am

    Yeah. Boy, if we could only have back those halcyon days of Trump when a barrel of oil couldn't even be given away. Back when there was so little demand for oil that they were actually paying to have it taken off their hands. Back when the economy was so totally fucked up from Trump's asinine handling of the Covid pandemic that there was so little demand for oil that they didn't know what to do with it in this Supply and Demand world.

    We need to get really pissed off at Biden for getting the economy back on its feet to such an improved degree that demand for oil has grown so much in the last year. God damn him! Damn him for improving the economy and not privatizing the oil industry so that he could control the price of oil and keep it as low as we'd like it to be!!! It's all his fault!!!

    I mean... he could just sign an executive order, declaring that a gallon of gas shall be limited in price to $2 a gallon! And he's NOT DOING IT!!! Trump woulda done it!!!



  4. by HatetheSwamp on October 5, 2021 7:55 am

    Trump Trump Trump Trump, Trump Trump Trump Trump, Trump Trump Trump Trump...TRUMP


  5. by Donna on October 5, 2021 8:10 am
    Hate: So supply and demand suddenly has no bearing on the price of gasoline?

    You fall for all of that politically motivated stuff. I was going to say "You're smarter than that", but I've known you long enough to know that you aren't. I'm not talking about your I.Q., which seems ample.


  6. by Ponderer on October 5, 2021 8:13 am

    Point being, Hate... your point is asinine.


  7. by HatetheSwamp on October 5, 2021 8:15 am

    po,

    In what way has "that feckless, dementia-ridden piece of crap" gotten the economy back on its feet?

    It seems increasingly likely that we're on our way to the inflation and interest rates that Jimmy Carter's regime is renowned for...not that Trump is blameless. But, doolally man is definitely not making things better,by a looooooooong shot!


  8. by Ponderer on October 5, 2021 8:36 am

    Well, not being trump was a tremendous head start.

    Just like Obama had to clean up the economic mess of Bush and the Republicans, Biden has been doing the same. Mostly by not making things worse, as seemed to be Trump's M.O.

    Do you understand how a "pendulum" works? Because its a good analogy for


    What am I doing. I was about to construct an equitable comparison for a person who doesn't even know what one is.


  9. by Curt_Anderson on October 5, 2021 9:01 am
    The following is from The New York Times business section article published in 2012.

    Why gas prices are out of a president's control
    Do you believe that [gas prices] are something a president can control? Many Americans believe that the answer is yes, but any respectable economist will tell you that the answer is no.

    Consider a recent poll of a panel of economists conducted by the University of Chicago Booth School of Business, where I teach. (Disclosure: I am a member of the panel; the other respondents are well-respected economists from top universities with varying political views.) The 41 panel members were asked whether they agreed with the following statement: “Changes in U.S. gasoline prices over the past 10 years have predominantly been due to market factors rather than U.S. federal economic or energy policies.”

    Not a single member of the panel disagreed with the statement.

    Here is why: Oil is a global market in which America is a big consumer but a small supplier. We consume about 20 percent of the world’s oil but hold only 2 percent of the oil reserves. That means we are, in economics jargon, “price takers.” Domestic production has increased during the Obama administration, but it has had minimal effects on global prices because, as producers, we are just too small to matter much. And even if domestic oil companies further increased production, they would sell to the highest global bidder.
    nytimes.com


  10. by HatetheSwamp on October 5, 2021 9:10 am

    Curt,

    Months ago "that feckless, dementia-ridden piece of crap" BEGGED OPEC to increase production. He all but kissed their feet. And, they declined.

    No, bubba.

    This is Joe's mess.

    And, your fault!


  11. by Donna on October 5, 2021 9:28 am
    Increasing production would lower the price.

    I guess they didn't teach that in God college.

    See primer on supply and demand below.


  12. by Donna on October 5, 2021 9:29 am
    Forgot to add the link in my previous post. (Hopefully I typed 50 characters.)
    investopedia.com


  13. by HatetheSwamp on October 5, 2021 10:00 am

    Increased production would lower the price. That why Joe meekly begged OPEC to pump more oil. It's why having a "feckless, dementia-ridden piece of crap" in the White House is a bad thing. And, why you bear responsibility.

    Oh, and I'm pretty sure that you need 50 characters only when you initiate a thread.


  14. by Donna on October 5, 2021 10:51 am
    Right. I forgot that it only applied to opening posts.

    Maybe if Biden had agreed to sell billions of dollars worth of more high tech killing devices to mass murder Yemenis like his predecessor did, they'd have agreed to increase their oil production.


  15. by Ponderer on October 5, 2021 10:52 am

    I see. So you expect the president of the United States to force... somehow... the oil companies to produce more oil than they want to, so that they'll make less money and have oil that they don't know what to do with.

    You're being a moron, Hate.



  16. by HatetheSwamp on October 5, 2021 10:57 am

    Donna,

    OPEC isn't all Middle Eastern but I strongly suspect that those nations that are from that region are royally pi$$ed that "that feckless, dementia-ridden piece of crap" in the White House has enabled instability there.

    Don't expect those nations to do anything to assist Joe or the Dems chances in coming elections.


  17. by HatetheSwamp on October 5, 2021 11:02 am

    po,

    Trump used the leverage America has to compel other nations to cooperate with our interest.

    Your "feckless, dementia-ridden piece of crap" is too demented and too weak to do that.

    I'm just glad that I get 50+ mpg.


  18. by Ponderer on October 5, 2021 12:05 pm

    "Trump used the leverage America has to compel other nations to cooperate with our interest." -Hate

    No he didn't. What shear, demented lunacy.


  19. by Donna on October 5, 2021 4:02 pm
    Hate: I doubt if any of those nations helped Biden last year.


  20. by Elmer on October 5, 2021 10:53 pm
    It's a little early to write Biden's political obituary. He still has a decent chance of passing the transportation bill and the reconciliation package. Put those together and he'll go down as the most legislatively productive president in the last 50 years. Both bills are full of popular stuff that will help Biden in 2024.

    Joe Manchin has said his ceiling is $1.5 trillion. The progressives will test the electric fence like the raptors in Jurassic Park. As soon as they figure out there's no bill without Manchin's blessing, we'll probably have a deal. Hopefully by the end of October.

    As for cars, hybrids are great. If you're looking for a second car, consider a 2014-17 Nissan Leaf. Consumer Reports said they cost basically $0 to maintain. No oil changes, no gas, no water pumps or timing belts. Just plug it in to a regular wall outlet for a couple hours every night. The 2014-15 model has about a 70-80 mile range (be sure to check the "battery capacity bars"), which is perfectly fine if all you're doing with that second car is driving to work or running errands.




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