Earlier this year (and 2021, too)...

BIDEN: "High gas prices are the fault of (Putin/Trump/evil corporations/someone else)!"

The peanut galley: "Yea! Yeah! Screw the conservatives!"

More recently, he's now saying the quiet parts out loud and blaming...

BIDEN (quote taken from Newsweek): "And when it comes to the gas prices, we're going through an incredible transition that is taking place that, God willing, when it's over, we'll be stronger and the world will be stronger and less reliant on fossil fuels when this is over."

The peanut galley: chirp, chirp... "look at (some misdirection)!"... "Screw the conservatives!"

The more things change...

He may see an incredible transition that happens a lot sooner than the one he speaks of.

#
--- SBBSecho 3.14-Linux
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Earlier this year (and 2021, too)...
BIDEN: "High gas prices are the fault of (Putin/Trump/evil corporations/someone else)!"

[...]

More recently, he's now saying the quiet parts out loud and blaming... BIDEN (quote taken from Newsweek): "And when it comes to the gas prices, we're going through an incredible transition that is taking place that, God willing, when it's over, we'll be stronger and the world will be stronger and less reliant on fossil fuels when this is over."

The two are not necessarily mutually exclusive.

Jeff.

--- Mystic BBS v1.12 A46 2020/08/26 (Raspberry Pi/32)
* Origin: Cold War Computing BBS (1:387/26)

BIDEN (quote taken from Newsweek): "And when it comes to the gas prices, we're going through an incredible transition that is taking place that, God willing, when it's over, we'll be stronger and the world will be stronger and less reliant on fossil fuels when this is over."

I'm not trying to drag conspiracy into everything, but wow, that sounds mysterious. What kind of "incredible transition" do you think he's referring to? Biden leaves much to the imagination sometimes.

We're transitioning from a non-covid world to a covid world, from $2 gas to $6 gas, from punishing criminals to punishing victims, from creating Israel to destroying it, from hating Russia to funding the bulk of their assault on Ukraine, from equality for every American to favoritism for non-whites..

We're transitioning from a great country to a racist dumpster fire.

--- Mystic BBS v1.12 A46 2020/08/26 (Linux/64)
* Origin: CompuBBS | Ashburn VA | cfbbs.scinet-ftn.org (1:275/99)

Hello, Aaron Thomas.
On 5/28/22 3:15 PM you wrote:

BIDEN (quote taken from Newsweek): "And when it comes to the gas
prices, we're going through an incredible transition that is
taking place that, God willing, when it's over, we'll be stronger
and the world will be stronger and less reliant on fossil fuels
when this is over."

I'm not trying to drag conspiracy into everything, but wow, that
sounds mysterious. What kind of "incredible transition" do you
think he's referring to? Biden leaves much to the imagination
sometimes.

Transitioning off of Russian supplied oil onto just about anything else.

--
Mike
BBS: warensemble.com
--- Hotdoged/2.13.5/Android
* Origin: South of Heaven - warensemble.com (1:154/30.1)

I'm not trying to drag conspiracy into everything, but wow, that sounds mysterious. What kind of "incredible transition" do you
think he's referring to? Biden leaves much to the imagination sometimes.

Transitioning off of Russian supplied oil onto just about anything else.

Thanks for that clarification.

To me, it seems like recent efforts to depopulate the world (covid, pox,
ethnic cleansing in Ukraine) will help reduce our dependence on oil.

Less people, more oil, lower prices.

--- Mystic BBS v1.12 A46 2020/08/26 (Linux/64)
* Origin: CompuBBS | Ashburn VA | cfbbs.scinet-ftn.org (1:275/99)

BIDEN (quote taken from Newsweek): "And when it comes to the gas prices, we're going through an incredible transition that is taking place that, God willing, when it's over, we'll be stronger and the world will be stronger and less reliant on fossil fuels when this is over."

I'm not trying to drag conspiracy into everything, but wow, that sounds mysterious. What kind of "incredible transition" do you think he's referring to? Biden leaves much to the imagination sometimes.

He does not really leave much to the imagination here. Before and after
the election, people (me included) claimed that the Democrats, the left in general, and Biden's administration would try to move us away from internal combustion engines and fossil fuels sooner than an alternative technology
would be available.

We were told that was false, that it was ok to do so, or that we were crazy/MAGA/etc. to believe such nonsense.

Now, Biden has confirmed as much in the qoute above.

We're transitioning from a non-covid world to a covid world,

Yes.

from $2 gas to $6 gas,

Yes, and some dumbass will undoubtly try to blame that entirely on
corporate greed or something else, but that is only part of the puzzle.

from punishing criminals to punishing victims,

We've been on that road for a while now.

from creating Israel to destroying it,

I don't see this one as much.

from hating Russia to funding the bulk of their assault on
Ukraine,

Please expand on this one.

from equality for every American to favoritism for non-whites..

I think our government is finally admitting that they are out for screwing people in general.

We're transitioning from a great country to a racist dumpster fire.

Yes.


* SLMR 2.1a * Have a (cute) electrician check your shorts.
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internal combustion engines and fossil fuels sooner than an alternative technology would be available.

You're right. I wasn't thinking clearly. Biden's actions drove up the oil & gas prices way before the Ukraine invasion, and it seems like it was his way of telling us "stop using oil or i'll make you stop." $3.89 per gallon back in January was incredibly high (for myr region) but the Democrats are not sure if they want to go with "Blame ito on Trump," or "Blame it on Putin," or "You can't blame the president for prices," but they're mixing at matching with those narratives, and their followers are too ignorant to notice.

crazy/MAGA/etc. to believe such nonsense.

Yea, somehow it's only the MAGA crowd who are the cry-babies about the energy inflation. "White supremacists" are always driving around in pickup trucks
with American flags, complaining about gas prices, just ask Joy Reid! ;)

from creating Israel to destroying it,

I don't see this one as much.

The squad has introduced a bill to "call the founding of Israel a catastrophe." I don't know what good it does to create a bill to "call something something" but the squad gals think it's great. It's about as dumb as when congress voted on "whether or not Trump is racist."

from hating Russia to funding the bulk of their assault on
Ukraine,

Please expand on this one.

There's no doubt that the Democrats want people to think that they hate
Russia, but Biden ignored gigantic warning signs about the invasion and did nothing; it wasn't until after civilians were killed that he finally decided
to pinch Russia economically. Therefore, Democrat "hatred for Russia" is
really "love in disguise."

I think our government is finally admitting that they are out for
screwing people in general.

What do you mean? I've seen the media hint at self-awareness of their BS before. It is an awkward situation that occurs sometimes.

--- Mystic BBS v1.12 A46 2020/08/26 (Linux/64)
* Origin: CompuBBS | Ashburn VA | cfbbs.scinet-ftn.org (1:275/99)

You're right. I wasn't thinking clearly. Biden's actions drove up the oil & ga
prices way before the Ukraine invasion, and it seems like it was his way of telling us "stop using oil or i'll make you stop." $3.89 per gallon back in January was incredibly high (for myr region) but the Democrats are not sure if
they want to go with "Blame ito on Trump," or "Blame it on Putin," or "You can't blame the president for prices," but they're mixing at matching with those narratives, and their followers are too ignorant to notice.

It had not been anywhere near 3.89 here since Obama was President (go
figure), and has never been as high as it is now.

The administration is not the only factor (in this case), but their
actions, policies, and words played a role. They can currently say, with a straight face, that the cost of oil is not set here.

Before they were blaming Putin, some were saying "we don't get oil from
Russia" until that was proven false.

crazy/MAGA/etc. to believe such nonsense.

Yea, somehow it's only the MAGA crowd who are the cry-babies about the energy inflation. "White supremacists" are always driving around in pickup trucks with American flags, complaining about gas prices, just ask Joy Reid! ;)

I have seen TV interviews with "the average Joe/lene" where many who are complaining are not white or male. That said, if you are both then, yes, complaining about gas prices probably makes you a MAGA, white supremacist,
or cry-baby even if you voted for Biden.

from creating Israel to destroying it,

I don't see this one as much.

The squad has introduced a bill to "call the founding of Israel a catastrophe.
I don't know what good it does to create a bill to "call something something" but the squad gals think it's great. It's about as dumb as when congress voted
on "whether or not Trump is racist."

If that is the case, I agree. However, I have also been one that has said
that bowing to the Zionists, taking over an area that had other people
living in it and then just giving it to them (and allowing them to mistreat those people unchecked) was and is a mistake.

from hating Russia to funding the bulk of their assault on
Ukraine,

Please expand on this one.

There's no doubt that the Democrats want people to think that they hate Russia, but Biden ignored gigantic warning signs about the invasion and did nothing; it wasn't until after civilians were killed that he finally decided to pinch Russia economically. Therefore, Democrat "hatred for Russia" is really "love in disguise."

Not sure I would go that far. Biden is not great on picking up on warning signs in general so it could be something more simple than that.

Remeber, this is not the first time his administration didn't listen to warnings (from others within their administration) about the consequences
of staying with a plan that could cause a crisis.

I think our government is finally admitting that they are out for screwing people in general.

What do you mean? I've seen the media hint at self-awareness of their BS before. It is an awkward situation that occurs sometimes.

It is pretty obvious that a lot of what they say and do is mostly
lip-service and they don't care too much if, for example, you can no longer afford gas or food... "it isn't our fault" is another way of saying "we
don't plan to do anything about it."


* SLMR 2.1a * I can keep a secret, it's the people I tell who can't.
--- SBBSecho 3.14-Linux
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On 31 May 2022, Mike Powell said the following...

The administration is not the only factor (in this case), but their actions, policies, and words played a role. They can currently say,
with a straight face, that the cost of oil is not set here.

I read in the news that the EU agreed to a partial ban on Russian oil today, saying that they would cut around 90% of oil imports to member nations.

The price of oil went up, and with it the price of gasoline.

Biden didn't do anything out of the ordinary.

Oil is a global commodity whose price is governed by supply and demand.
That's why organizations like OPEC can manipulate the price by manipulating
the supply.

Jeff.

--- Mystic BBS v1.12 A46 2020/08/26 (Raspberry Pi/32)
* Origin: Cold War Computing BBS (1:387/26)

If that is the case, I agree. However, I have also been one that has
said that bowing to the Zionists, taking over an area that had other people living in it and then just giving it to them (and allowing them
to mistreat those people unchecked) was and is a mistake.

Yea it looks like it's been a failure, but that was Truman's mistake. Why do Democrats always double-down on their failures, except for this one?

--- Mystic BBS v1.12 A46 2020/08/26 (Linux/64)
* Origin: CompuBBS | Ashburn VA | cfbbs.scinet-ftn.org (1:275/99)

On 05-31-22 02:40, Aaron Thomas <=-
spoke to Mike Powell about Re: Early 2022 vs. 2022 n <=-

There's no doubt that the Democrats want people to think that they
hate Russia, but Biden ignored gigantic warning signs about the
invasion and did nothing; it wasn't until after civilians were killed
that he finally decided to pinch Russia economically. Therefore,
Democrat "hatred for Russia" is really "love in disguise."

Biden could not apply sanctions against Russia for something that they
might do at some time in the future. But, as soon as Russia invaded,
then the sanctions rolled out.

It is sort of like, if someone writes that they are going to rob a bank,
the law cannot do anything (other than monitor them) until they actually attempt doing so.

Dale Shipp
fido_261_1466 (at) verizon (dot) net
(1:261/1466)


... Shipwrecked in Silver Spring, Maryland. 02:02:43, 01 Jun 2022
___ Blue Wave/DOS v2.30

--- Maximus/NT 3.01
* Origin: Owl's Anchor (1:261/1466)

Biden could not apply sanctions against Russia for something that they might do at some time in the future. But, as soon as Russia invaded,
then the sanctions rolled out.

Biden should have de-escalated the invasion ahead of time. Somebody should
have spoken with Russian officials about the troop buildup at the border

"Putin, what do you want? We'll negotiate instead of having a a war."

Instead, Biden stayed silent until it was too late, and now his solution is to send billions of taxpayer dollars to Zelenski-the-failure. Also part of the plan, and part of that money, is US military personnel risking their lives to help clean up a mess that was partially created by Joe's ineptness.

Trump, not that he's the answer to everything, would not have allowed this to happen because he has family in Ukraine, so it's personal for him.

--- Mystic BBS v1.12 A46 2020/08/26 (Linux/64)
* Origin: CompuBBS | Ashburn VA | cfbbs.scinet-ftn.org (1:275/99)

If that is the case, I agree. However, I have also been one that has said that bowing to the Zionists, taking over an area that had other people living in it and then just giving it to them (and allowing them to mistreat those people unchecked) was and is a mistake.

Yea it looks like it's been a failure, but that was Truman's mistake. Why do Democrats always double-down on their failures, except for this one?

I am certain the answer from a Democrat here would be that they have
*evolved*.


* SLMR 2.1a * Ethernet: A device to catch the Ether Bunny.
--- SBBSecho 3.14-Linux
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Biden didn't do anything out of the ordinary.

So Biden has never signed any executive orders, or done anything else, that might discourage domestic oil production?


* SLMR 2.1a * Yes, you're right. Unfortunately, I don't really care.
--- SBBSecho 3.14-Linux
* Origin: capitolcityonline.net * Telnet/SSH:2022/HTTP (1:2320/105)

There's no doubt that the Democrats want people to think that they
hate Russia, but Biden ignored gigantic warning signs about the
invasion and did nothing; it wasn't until after civilians were killed that he finally decided to pinch Russia economically. Therefore, Democrat "hatred for Russia" is really "love in disguise."

Biden could not apply sanctions against Russia for something that they
might do at some time in the future. But, as soon as Russia invaded,
then the sanctions rolled out.

Sanctions, true. There are other ways for one country to "pinch" another economically, however.


* SLMR 2.1a * We aren't surrounded. We're in a target-rich environment.
--- SBBSecho 3.14-Linux
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Instead, Biden stayed silent until it was too late, and now his solution is to
send billions of taxpayer dollars to Zelenski-the-failure. Also part of the plan, and part of that money, is US military personnel risking their lives to help clean up a mess that was partially created by Joe's ineptness.

Putin saw Ukraine trying to join NATO as a threat. He knows that most of NATO's might has traditionally come from the US. The US does not look very mightly lately, and I doubt anything that Biden would have said to him
would have detered him much.


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On 01 Jun 2022, Mike Powell said the following...

Biden didn't do anything out of the ordinary.

So Biden has never signed any executive orders, or done anything else, that might discourage domestic oil production?

I was referring to the timeframe of the EU announcement and subsequent price hike.

The US can't produce all of the oil it needs, no matter how much domestic production there is. Measuring oil in simple barrels is extremely misleading, because not all oil is equal. We could produce all of the oil we need, barrel-wise, and still not have enough because we can't produce all of the types of oil that we need. Different types of oil are needed to produce different types of products, and we have to buy foreign oil to get what we need. Gasoline, in particular, relies heavily on foreign oil.

Jeff.

--- Mystic BBS v1.12 A46 2020/08/26 (Raspberry Pi/32)
* Origin: Cold War Computing BBS (1:387/26)

Hello Jeff,

The administration is not the only factor (in this case), but their
actions, policies, and words played a role. They can currently say,
with a straight face, that the cost of oil is not set here.

I read in the news that the EU agreed to a partial ban on Russian oil today,
saying that they would cut around 90% of oil imports to member nations.

Some countries, such as Hungary, are very dependent on oil from Russia.
It will take years for Hungary to find new supplies, and the ability to
refine that oil, in order to decrease its dependence on that oil.

The price of oil went up, and with it the price of gasoline.

China continues to buy oil from Russia. So does India. A total
worldwide ban is an impossility. But the sanctions do hurt. A lot.

Biden didn't do anything out of the ordinary.

The new sanctions Biden imposed on Russia was very much out of the
ordinary. Unlike the sanctions imposed on Russia by Obama, these new
sanctions hurt. A lot. And Putin knows it.

Oil is a global commodity whose price is governed by supply and demand. That's why organizations like OPEC can manipulate the price by manipulating
the supply.

Why has OPEC chosen not to increase supply?
Why have oil companies chosen not to drill for more oil
in the Gulf of Mexico and in other waters in the USA?

OPEC has the oil. No problem to increase supply if it wants to.
Oil companies have the leases. No problem to increase supply if they
want to.

So what's the problem?

Why is OPEC continuing to enable Putin to continue his war on Ukraine?
Why are US oil companies continuing to enable Putin to continue his
war on Ukraine? They must truly love the guy. Along with Donald Trump.
That is my conclusion. What's yours?

--Lee

--
I won't fan the flames of hate, ~Joe Biden

--- MesNews/1.08.05.00-gb
* Origin: news://eljaco.se:4119 (2:203/2)

Hello Dale,

There's no doubt that the Democrats want people to think that they
hate Russia, but Biden ignored gigantic warning signs about the
invasion and did nothing; it wasn't until after civilians were killed
that he finally decided to pinch Russia economically. Therefore,
Democrat "hatred for Russia" is really "love in disguise."

Biden could not apply sanctions against Russia for something that they might do at some time in the future. But, as soon as Russia invaded,
then the sanctions rolled out.

Biden could have imposed sanctions against Russia before Putin had
ordered his "special military operation" on Ukraine. But that would
have been not only dumb, but also stupid.

There were some Republicans urging President Biden to impose sanctions
on Russia before the invasion began. Kind of a pre-emptive first strike.
But had he done so, that would have removed an option Biden could have
used as a deterence. Once Putin made the decision to invade, Biden did
as promised by imposing sanctions (in addition to those already imposed
on Russia by Obama eight years ago).

I am so glad Biden does not have orange hair and a pot belly.

It is sort of like, if someone writes that they are going to rob a bank, the law cannot do anything (other than monitor them) until they actually attempt doing so.

The 18-year-old shooter in Uvalde, Texas wrote on Facebook what he was
going to do before he went and did it. Could law enforcement have done something had they been aware of his posts? You betcha!

A 10-year-old kid was arrested and put in jail after he made threats
in a classroom to do the same thing as that 18-year-old shooter in
Texas. We all know law enforcement could have done something, because
it did. We also know the threat was not credible. But hey. Better for
teacher to call in the big guns than send the kid to the principal's
office.

--Lee

--
Lock him up!

--- MesNews/1.08.05.00-gb
* Origin: news://eljaco.se:4119 (2:203/2)

Hello Aaron,

Biden could not apply sanctions against Russia for something that they
might do at some time in the future. But, as soon as Russia invaded,
then the sanctions rolled out.

Biden should have de-escalated the invasion ahead of time. Somebody should have spoken with Russian officials about the troop buildup at the border

"Putin, what do you want? We'll negotiate instead of having a a war."

Neville Chamberlain was the greatest negotiator Hitler ever had.

Donald J. Trump was the greatest negotiator Putin ever had.

--Lee

--
As Good As It Looks

--- MesNews/1.08.05.00-gb
* Origin: news://eljaco.se:4119 (2:203/2)

On 02 Jun 2022, Lee Lofaso said the following...

Biden didn't do anything out of the ordinary.

The new sanctions Biden imposed on Russia was very much out of the ordinary. Unlike the sanctions imposed on Russia by Obama, these new sanctions hurt. A lot. And Putin knows it.

I was referring to the EU announcement and subsquent increase in gasoline prices. Biden didn't do anything out of the ordinary in that timeframe.

Why has OPEC chosen not to increase supply?

Profits.

Why have oil companies chosen not to drill for more oil
in the Gulf of Mexico and in other waters in the USA?

Possibly because that wouldn't generate the right kind of oil, and possibly because it's not something that can be done overnight.

Jeff.

--- Mystic BBS v1.12 A46 2020/08/26 (Raspberry Pi/32)
* Origin: Cold War Computing BBS (1:387/26)

On 06-01-22 12:07, Aaron Thomas <=-
spoke to Dale Shipp about Re: Early 2022 vs. 2022 <=-

Biden could not apply sanctions against Russia for something that they might do at some time in the future. But, as soon as Russia invaded,
then the sanctions rolled out.

Biden should have de-escalated the invasion ahead of time. Somebody
should have spoken with Russian officials about the troop buildup at
the border
"Putin, what do you want? We'll negotiate instead of having a a war."

How do you know that negotiations did not take place between the USA and
Russia prior to their invasion? The government does not telegraph all
of their actions.

Instead, Biden stayed silent until it was too late,

Again, how do you know that he did that?

and now his
solution is to send billions of taxpayer dollars to
Zelenski-the-failure.

So far Zelensky has done pretty good against a difficult situation.

Also part of the plan, and part of that money, is
US military personnel risking their lives to help clean up a mess that

Where and how are US military personnel risking their lives? There are
no USA troops in Ukraine.

Dale Shipp
fido_261_1466 (at) verizon (dot) net
(1:261/1466)


... Shipwrecked in Silver Spring, Maryland. 01:02:21, 02 Jun 2022
___ Blue Wave/DOS v2.30

--- Maximus/NT 3.01
* Origin: Owl's Anchor (1:261/1466)

How do you know that negotiations did not take place between the USA and Russia prior to their invasion?

Tucker Carlson told him so.

Instead, Biden stayed silent until it was too late,

Again, how do you know that he did that?

Revealed by Sean Hannity.

Where and how are US military personnel risking their lives?

Soon to be announced by Jeanine Pirro.



..

--- Mozilla/5.0 (Windows; U; Windows NT 5.1; sv-SE; rv:1.9.1.16) Gecko/20101125
* Origin: news://eljaco.se:4119 (2:203/2)

Hello Jeff,

Biden didn't do anything out of the ordinary.

The new sanctions Biden imposed on Russia was very much out of the
ordinary. Unlike the sanctions imposed on Russia by Obama, these new
sanctions hurt. A lot. And Putin knows it.

I was referring to the EU announcement and subsquent increase in gasoline prices. Biden didn't do anything out of the ordinary in that timeframe.

It is sold on the world market. Imposing sanctions on Russia
severely affects how much oil Russia can sell, as there are few
buyers willing to buy. The amount of oil the US imports from
Russia was miniscule (nonexistent now). Do the math as to how
much that affected inflation.

Why has OPEC chosen not to increase supply?

Profits.

Limiting the supply of oil artificially increases the price of oil.
This means more profits for OPEC, and also fuels Putin's war machine.

Why hasn't President Biden called them on this? Doing nothing is not
a solution.

Why have oil companies chosen not to drill for more oil
in the Gulf of Mexico and in other waters in the USA?

Possibly because that wouldn't generate the right kind of oil, and possibly
because it's not something that can be done overnight.

Oil companies have been drilling for oil in the Gulf of Mexico for
decades. They know exactly what kind of oil it is (sweet crude).
The oil companies have plenty leases in the Gulf of Mexico that are
not being used. Why not? Limiting the supply of oil artificially
increases the price of oil, meaning more profits for oil companies
and more fuel for Putin's war machine.

Why hasn't President Biden called them on this? Doing nothing is not
a solution.

The other day, a resident of Uvalde TX told President Biden
"Do something!" Do you know what his answer was? "I will."

Empty promises. That is all we have been getting from this POTUS.

--Lee

--
Change Is Cumming

--- MesNews/1.08.05.00-gb
* Origin: news://eljaco.se:4119 (2:203/2)

On 02 Jun 2022, Lee Lofaso said the following...

It is sold on the world market.

Indeed.

It is sold on the world market. Imposing sanctions on Russia
severely affects how much oil Russia can sell, as there are few
buyers willing to buy.

Which impacts the amount available on the world market...

The amount of oil the US imports from
Russia was miniscule (nonexistent now).

The amount that the US pays for oil is determined by the world market, regardless of where that oil actually originates. The price of gasoline in
the US is likewise derived from the world market, regardless of whether the
oil used to make that gasoline originated domestically or was imported.

Do the math as to how
much that affected inflation.

See above.

Jeff.

--- Mystic BBS v1.12 A46 2020/08/26 (Raspberry Pi/32)
* Origin: Cold War Computing BBS (1:387/26)

Biden didn't do anything out of the ordinary.

So Biden has never signed any executive orders, or done anything else, that might discourage domestic oil production?

I was referring to the timeframe of the EU announcement and subsequent price hike.

The US can't produce all of the oil it needs, no matter how much domestic production there is. Measuring oil in simple barrels is extremely misleading, because not all oil is equal. We could produce all of the oil we need, barrel-wise, and still not have enough because we can't produce all of the types of oil that we need. Different types of oil are needed to produce different types of products, and we have to buy foreign oil to get what we need. Gasoline, in particular, relies heavily on foreign oil.

Gasoline is not the only oil-based product that is currently going up.

If we produced more oil, the supply would increase and the price of oil would likely go down. Gasoline currently relies heavily on foreign oil. Might
still rely on it more than domestic if we produced more oil, but we would be able to make more gas from domestic oil if we had more, which would also
make the supply higher and the price go down.


* SLMR 2.1a * !edis gnorw eht morf siht ta gnikool era uoY
--- SBBSecho 3.14-Linux
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On 02 Jun 2022, Mike Powell said the following...

Gasoline is not the only oil-based product that is currently going up.

True.

If we produced more oil, the supply would increase and the price of oil would likely go down. Gasoline currently relies heavily on foreign oil. Might still rely on it more than domestic if we produced more oil, but
we would be able to make more gas from domestic oil if we had more,
which would also make the supply higher and the price go down.

Perhaps. But we'll never have as much control over the price as OPEC.

Jeff.

--- Mystic BBS v1.12 A46 2020/08/26 (Raspberry Pi/32)
* Origin: Cold War Computing BBS (1:387/26)

Hello Jeff,

It is sold on the world market.

Indeed.

Cost for consumers is determined by supply/demand. But can be
manipulated in a number of ways.

It is sold on the world market. Imposing sanctions on Russia
severely affects how much oil Russia can sell, as there are few
buyers willing to buy.

Which impacts the amount available on the world market...

If Russia is not able to sell enough oil to meet its needs, its
economy will tank. In order to sell, Russia needs buyers. What else
does Russia have that other countries would want or need? Oil is
about it (and natural gas), aside from caviar.

The amount of oil the US imports from
Russia was miniscule (nonexistent now).

The amount that the US pays for oil is determined by the world market, regardless of where that oil actually originates. The price of gasoline in the US is likewise derived from the world market, regardless of whether the
oil used to make that gasoline originated domestically or was imported.

For the most part, that is true. However, without a buyer Russia has
no means of selling its product. In February some of the oil the US
bought was from Russia, but that oil is long gone. Many other countries
have done the same. Russia today is left with very few markets.

Do the math as to how much that affected inflation.

See above.

Tapping into the oil reserves has little impact on bringing
inflation under control. It is more of a symbolic thing. What
is needed is for OPEC to increase production and for oil
companies to increase drilling in US waters. That would mean
lower prices for gasoline, and bring inflation under control.

As well as bankrupt the Russian economy, putting an end to
Putin's war machine.

--Lee

--
Travel should take you places

--- MesNews/1.08.05.00-gb
* Origin: news://eljaco.se:4119 (2:203/2)

Hello Everybody,

[..]

Gasoline is not the only oil-based product that is currently going up.

As a result of the price of gasoline going up, other products
also continue to go up. That is how an oil-based economy works.

If we produced more oil, the supply would increase and the price of oil would
likely go down. Gasoline currently relies heavily on foreign oil. Might still rely on it more than domestic if we produced more oil, but we would be
able to make more gas from domestic oil if we had more, which would also make the supply higher and the price go down.

Oil companies have the leases to drill for oil in the Gulf of Mexico
(and in other US waters) yet have chosen not to do so, thus limiting
the supply of domestic production and increasing the cost of gasoline
for consumers.

The POTUS has released some gasoline from our nation's reserves
so that costs will not get out of control. With summer coming up,
the price of gasoline is likely to increase, as the pandemic is
coming to an end and people go on vacation.

Expect oil companies to continue their selfish price gauging by
refusal to drill for oil in US waters. After all, no POTUS can make
them drill ...

--Lee

--
Often Licked, Never Beaten

--- MesNews/1.08.05.00-gb
* Origin: news://eljaco.se:4119 (2:203/2)

Hello Jeff,

Gasoline is not the only oil-based product that is currently going up.

True.

And also largely irrelevant.

If we produced more oil, the supply would increase and the price of oil
would likely go down. Gasoline currently relies heavily on foreign oil.
Might still rely on it more than domestic if we produced more oil, but
we would be able to make more gas from domestic oil if we had more,
which would also make the supply higher and the price go down.

Perhaps. But we'll never have as much control over the price as OPEC.

Oil companies can, and should, drill for more oil in the Gulf of
Mexico (and in other US waters). But they choose not to do so, for
their own selfish reasons. Can non-OPEC countries have more control
over the price of oil as OPEC? Possibly. But don't hold your breath.

--Lee

--
If PBS won't do it, who will?

--- MesNews/1.08.05.00-gb
* Origin: news://eljaco.se:4119 (2:203/2)

If we produced more oil, the supply would increase and the price of oil would likely go down. Gasoline currently relies heavily on foreign oil. Might still rely on it more than domestic if we produced more oil, but we would be able to make more gas from domestic oil if we had more, which would also make the supply higher and the price go down.

Perhaps. But we'll never have as much control over the price as OPEC.

They seem a lot less greedy when they think we might start pumping our own.


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On 03 Jun 2022, Mike Powell said the following...

Perhaps. But we'll never have as much control over the price as OPEC.

They seem a lot less greedy when they think we might start pumping our own.

We also won't replace Russia's share anytime soon.

Jeff.

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