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originally posted by: grey580
a reply to: DBCowboy
Maybe Biden didn't threated them hard enough.
Trumps one of the direct causes of the high price of oil. But sure. Let's blame Biden.
originally posted by: ImagoDei
a reply to: DBCowboy
I blame both of them, Trump for raising gas prices and Biden for not even trying to bring them back down. Biden hasn't had a success since he's been in office, the only "success" he's had is reversing Trump's laundry list of failed attempts at changing things.
originally posted by: ImagoDei
a reply to: RazorV66
April 2020. Largest production cut in history. That alone drove up the prices. "But COVID", yeah, but Trump didn't take any measures to counteract higher prices. Either he was extremely shortsighted or he was intentionally sabotaging the economy.
By Trump’s third year in office, prices fell slightly, but then prices were down sharply in Trump’s fourth year as a result of the Covid-19 pandemic and its impact on oil prices. Gasoline prices in 2020 were at their 2nd lowest level since 2004.
originally posted by: CriticalStinker
Which side has historically done what you suggested?
Because I’m looking at history and they both just increase spending.
originally posted by: BernnieJGato
a reply to: WeMustCare
oh boy i sure do look forward to paying more federal income tax. that almost as good as paying six bucks a gallon for gas, and shrinkflation on top of inflation.
hey while we're at it can we please let so more illegal's in and let them vote.
Either way we lose and the good old boy network continues.
Executives at 141 oil companies surveyed by the Federal Reserve Bank of Dallas in mid-March offered several reasons that they weren’t pumping more oil. They said they were short of workers and sand, which is used to fracture shale fields to coax oil out of rock. But the most salient reason — the one offered by 60 percent of respondents — was that investors don’t want companies to produce a lot more oil, fearing that it will hasten the end of high oil prices.