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YALLAHblessYoTraplord al/qaeda complicit in several ongoing genocides  1yr ago (reddit.com) Edited 1yr ago 782 thread views #74601

The notorious ethnic conservatives of r/economy fight back against the notion DDD has a full tank fuelling his engine.

https://old.reddit.com/r/economy/comments/v5rk11/buttigieg_price_of_gasoline_is_not_set_by_a_dial/ibbm2cz?sort=controversial

First comment:

He's right. Its not.

And the fact that gas prices are hitting new highs WORLDWIDE would indicate that Biden policies are not responsible for the increase.

But hey, don't let the facts get in the way of this right-wing conservative circle-jerk that /r/economy has become. Keep putting those stickers on the gas pumps you donuts.

Immediate longpost response:

![](/images/1654518382131886.webp)

Followed by protracted arguing:

Poeple shit conservatives because everyone else from all other political spectrums will actually try to hear them out, yet conservatives refuse to do the same. They are the definition of bad faith actors.

That's a whole lot of words to say some stupid both sides bullshit

He might be a redditor for 3 months, but it shows youโ€™ve been a redditor for 9 years. Youโ€™ve swallowed the whole reddit metaphorical peepee and balls to the point that others canโ€™t differentiate you from your typical redditor. Lost behind a keyboard.

Says the gme guy. Gurgle gurgle indeed.

"but with a recession looming ". Why do you assume a recession is looming Because of artificially high gas prices or because Elon has a "super bad feeling".

You really play this whole anyone that disagrees with me hates minorities card.

If anyone is super into the oil industry or arguing about it there's a lot going on in there.

Everyone else in here is also probably an r-slur:

![](/images/16545183825716093.webp)

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Are gas companies actually price fixing or is it just :marseycope:

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Smaller energy producers got muscled out of the industry by a combination of covid and loss leader strategies and had to either sell or fold. It also destroyed investment plans to expand energy production.

This means there is less energy supply owned by fewer companies. This means it's a seller's market. It's not price fixing they are just selling for what they can get away with.

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If gas companies were actually price fixing (and not OPEC), it would already have been resolved.

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Remember about a year ago all those banks and funds were bragging about how they would never fund oil & gas operations ever again? And how California said they were going to single-handedly end the combustion engine?

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It's massive cope

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No idea but here are some potential answers from Redditors.

OPEC

90% of all oil production being controlled by one cartel, with one of the largest producers having just engaged in war, is most of the reason.

Oil execs are keeping production low to grab as much cash from consumers while prices are high.

Your post shows you have no idea how things work. Oil companies right now have capped wells and Unused lease they could be using RIGHT NOW to increase production. Watch the earnings calls for the oil companies, they have no reason to, NONE. They are making record profits while drilling less and with less staff and labor since they never rehired from the 100k jobs they laid off during the pandemic.

It shows you don't know anything. I see a lot of companies diluting there shares. Especially the exploration ones because they explore and sell to bigger companies. It takes years to set up a site once established, so its an investment. If the policies suck and they are left in limbo then why should they expand?

Not sure why you're getting downvoted. Last I checked oil companies have about ten years worth of land leases they aren't using. Biden cutting off new leases was typical establishment Democrats pretending to do something significant without doing much of anything. The truth is, oil companies don't need new land leases so he took an easy W and made a big show of no longer offering something nobody was buying anyways.

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Heh. Redditors have discovered the secret of capitalism. Just make things infinitely expensive, then you only have to sell a few things!

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