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.
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Followed by protracted arguing:
That's a whole lot of words to say some stupid both sides bullshit
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:
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Libs in 2020: “Frick off bootlicker. We’re the resistance!”
Libs now: “oh please no criticize daddy biden its not his fault hes twying verwee hard the president has no impact on anything except rainbow bus benches”
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Snapshots:
undelete.pullpush.io
archive.org
archive.ph (click to archive)
ghostarchive.org (click to archive)
/r/economy:
undelete.pullpush.io
archive.org
archive.ph (click to archive)
ghostarchive.org (click to archive)
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Changing banking regulations to make it not lucrative for banks to lend for future oil and gas projects doesn’t change the current supply, that’s all OPEC. So the Biden admins cracking down on domestic energy production really has nothing to do with the price at the pump. Read more chuds
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Are gas companies actually price fixing or is it just
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If gas companies were actually price fixing (and not OPEC), it would already have been resolved.
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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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It's massive cope
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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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No idea but here are some potential answers from Redditors.
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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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hmmmm guys the most powerful country in the world integrated with the developed world changing economic policy which lower China's economic output as well which the rest of the middle income world is dependent upon has no influence on gas prices
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I forgot where it was posted, somewhere on reddit but when Biden got elected some brave soul made a post saying we need to hold him accountable and not just blindly follow everything he says and does. 2 years later they are still twisting themselves into pretzels defending him. It's so predictable.
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I'm surprised they haven't thought of a way to blame the orange man for gas prices
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https://cepr.net/high-gas-prices-are-donald-trumps-fault/
Don't you worry, they have
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“If it’s America’s fault why does it affect the whole world?” would be a great argument if it weren’t for the 1929 crash, the US abandoning the gold standard, the 2008 crash…
Economics experts of Reddit lmao
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I swear everyone just gave up trying to understand the reasons behind energy prices, it's impossible to have a discussion that doesn't include 3 conspiracy theories and a dozen r-slurs who think there's a simple 1 sentence explanation.
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It's actually very simple. You don't even need a whole sentence, just one word:
Overregusneedulation
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I can go find the specific talking point that came out a year ago around inflation being a result of price gouging.
This is just a continuation of this. it's rather worrying that both parties in this country have decided to stop being adults and indulge their stupidest members
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If you posted this on twitter it would unironically be reposted by 14 year olds and middle class white women.
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Since most conspiracies are real based on the number of disinformation campaigns, I don’t know what you expect
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ITS THE FRICKING LIZARD PEOPLE I CAN PROVE IT
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It is.
If more dinos died we'd have more oil.
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Umm... quite the opposite. They indicate that DD(D)s policies are having a WORLDWIDE impact. Why does this redditor think that speculators are falling over themselves to buy futures at insane prices all of the sudden? They expect the demand to go up massively? Or maybe, just maybe, they're worried about something?..
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as German I do what I always do and just send you the bill :*
pls pay in the terms of two weeks or else
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Don't even bother thinking about it. Redditors are so unbelievably fricking stupid when it comes to economics, more so than any other subject matter aside from social interaction and self-esteem.
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Why are all these people so oblivious to the fact that we were largely energy independent until Biden gutted our production capabilities beginning with Day One executive orders explicitly for that purpose because muh climate change
That’s literally it
That’s all
There’s no understanding of economics or logistics or supply chains or anything necessary here
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My understanding is that the current biggest bottleneck is refining, not crude production. Refineries in the US are already running at unsustainable levels and it's not like you can just magic up more refining throughput
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https://www.rigzone.com/news/wire/biden_admin_crackdown_prompts_refinery_closure-22-jun-2021-165754-article/?amp
https://www.foxbusiness.com/politics/oil-refineries-shutter-amid-hostile-fossil-fuel-policies-pain-at-the-pump.amp
etc
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Limetree and LyondellBasell got hammered for benzene pollution though. That's not a new Biden thing.
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bardfinn
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🚨Bard bot alert!🚨
Reset the counter. Current counter was: 0 days, 8 hours, 43 minutes
Record is 0 days, 21 hours
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I unironically support these policies but that's because I'm not poor so gas prices increasing doesn't actually affect me.
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Doesn't matter if there's a dial, Biden hasn't been doing much to help it and historically gas prices have always been one of the biggest issues when it comes to voting. Pulling some oil out of reserves we couldn't last on for a week isn't doing shit, that's for darn sure. Personally, it's good job security for me though, we've been busier than ever at the refineries so I'm not complaining
as someone who works in the industry I can assure you that's not true. We've been busting our asses running non-stop. My main priority is taking heat exchangers off-line to get them cleaned, and we've never been operating at a faster pace. We've broken several intracompany records for turnaround time in the past 6 months. High oil prices aren't good for the execs in the long-term, they see the sweet-spot between 50-75 dollars a barrel. High prices gives clients more initiative to start looking into alternative solutions
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That's the real irony: environmentalists have wanted this for decades, but now they have it, they deny their Savior three times
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Such as..?
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If gas is $10/gallon, people buy electric.
Heck, my parents just bought a hybrid for the first time ever.
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Which rides on the energies acquired directly from the cosmos, of course.
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Coal power babeeeeeee
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Steampunk flying carriages it is then
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Steampunk flying carriages
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Yeah I saw an article earlier that gulf refineries are running at like 93% utilization which is nuts.
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lol I didn't read any of the posts proceeding this but I'm betting on "stop trying to add nuance to my personally accepted news talking point"
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Probably because anyone with eyes can see it coming. Probably because 2/10 bond yield inversions are a pretty reliable predictor of coming recessions. Even the IMF is downgrading its forecasts. Also the global economy is about feel the pain from staple food shortages due to the war in Ukraine. Shit's not looking good.
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It's too stupid to be funny
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Do these people not realize the US is the #1 producer of oil in the world and the #3 exporter? Is it really so hard to fathom that domestic oil production can have a massive impact on global prices?
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Not hard at all, this is what you get when low IQ people are encouraged to have big opinions
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I hate populism
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populism is when politicians promise to fix shit that nonideological plebs are pissed about
This, however, is ideologically invested brainlets thinking that their imbecilic political analyses make sense
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Do not prescriptivist my language, language-janny.
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I will, and there's nothing you can do to stop me
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Go off, kween's standard english
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Of course anyone saying Biden policies are solely to blame is equally r-slurred. Reality is it's complicated and there are a lot of factors.
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But the sticker said Biden did it
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Sorry. My mistake. Burger politics means if you're 1% responsible youre 100% responsible.
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If 10 people share a table with one nazi etc
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Does that mean the threshold is 10% not 1%
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