And you know his "supporters" will be screaming for the blood of "BIG OIL".
This will make for great comedy as the furture historians sift through the wreckage of what was once the greatest experiment of self government.
With gas prices soaring, Biden calls for probe into possible 'illegal conduct' (msn.com)
President Joe Biden on Wednesday called on the Federal Trade Commission to investigate if "illegal conduct" is to blame for surging gas prices hurting Americans' pocketbooks.
This has got to rank up near the top in the hall of shame for trying to put the blame on somebody else for something you played a huge role in causing.
The objective of the fake green energy side is to intentionally increase the price of fossil fuels to price them out of the market and force more solar and wind projects to be competitive.
They are INTENTIONALLY DOING THIS!!!!
All the big funding is going to the fake green energy and drying up for fossil fuels.
Biden and his side are on a mission to obliterate and replace fossil fuels...........you don't do that by making them plentiful and cheap. You do it by...........DOING EXACTLY WHAT HE IS INTENTIONALLY DOING!
There is no illegal activity going on to cause it. It's all being done legally, thanks to the proven, 100% authentic results of the 2020 election.
Republicans should move on from the actual election and focus entirely on the results.........like this one.
| https://www.marketforum.com/forum/topic/76969/ $555 billion to fight the fake climate crisis Started by metmike - Nov. 2, 2021, 12:19 p.m. |
This also plays into the mindset that they are trying to bolster........the evil fossil fuel/energy industry is to blame for yet another thing.......just like they are for destroying the planet.
What's ironic is that it's the 100% opposite. The fossil fuel industry, if allowed to expand and produce more gas and oil would result in LOWER energy prices.
The laws of demand and supply.
Demand for energy goes up.........and Biden cuts down discourages future investment for supplies of cheap, reliable and abundant fossil fuels because of the fake climate crisis.......prices have no where to go but up.
It's energy 101 and was destined to happen with this plan from day 1.
But it's failure is obvious already in these early stages...........so it will never happen.
Think about what happened in TX last February as they did not properly winterize their natural gas infrastructure, had become too reliant on wind turbines.....the most in the country and cut way back on the most reliable source of all, no matter how bad/cold the weather gets........COAL.
https://www.greentechmedia.com/articles/read/5-charts-that-show-how-coal-is-getting-killed-in-texas
Dubious climate science about the Texas cold disaster
Started by metmike - Sept. 15, 2021, 12:10 p.m.
https://www.marketforum.com/forum/topic/74928/
Global warming causes everything/TEXAS
https://www.marketforum.com/forum/topic/65704/
Texas energy messed up again
https://www.marketforum.com/forum/topic/71143/
I will have to slightly take back the previous statement after analyzing the actual futures price data vs the prices at the pump.
The mark up in the price from cash/front month futures to the price at the pump, at least around here is a bit on the high side..........at least around here historically speaking.
There are several unusual market factors right now that might explain that and I've seen it this high before, especially in the Fall when, actually gasoline prices usually drop.
However, the absolute max that this could be contributing to the higher gas prices is around 20c, if that.
Latest gas prices:
Here are the latest gas prices across the country:
https://www.gasbuddy.com/GasPriceMap?z=4&lng=-96.591588&lat=38.10118167223963
https://www.quora.com/Why-are-west-coast-gasoline-prices-higher
The two main reasons are transportation and taxes. Part of the cost of gasoline is what it costs to take refined product and transport it to the end user. Below is a map of the main refineries and pipeline in North America.
You can see that the west coast has a much smaller amount of infrastructure than other parts of the map. As a result, more of your gasoline is refined in places that require it to be shipped by transportation.
The second reason is that the states on the West Coast have used fuel taxes more than the average.
If you add to that state requirements about how the gasoline is blended based on the various state environmental air quality and emissions standards, you can tweak the price again. The addition of MTBE or ethanol seasonally, further adds cost to a gallon.
Both coasts tax their gasoline beyond the norm. Add to that in California they require 2 to 3 times as many fuel mixes as any other state which increases the cost again.
Weekly US ending stocks of crude oil.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRSTUS1&f=W
Weekly ending stocks for unleaded gasoline.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WGTSTUS1&f=W
Weekly US ending stocks for distillate fuel oil(heating oil-especially used in the Northeast).
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WDISTUS1&f=W
metmike: Gasoline stocks are the LOWEST in 4 years and soon to be the LOWEST IN 7 YEARS. That's the recipe for higher prices.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WGTSTUS1&f=W
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Considering this bullish storage picture, its more justified for the market to be holding on to the recent, high side price increases at the pump based on market fundamentals.
Speaking of which......the only way you will get gasoline prices lower, other than short term blips is to give the market more oil and gasoline.
liberals normally do not understand one big important factor here ( imo ).
long term... inflation is Always a monetary phenomena. prices go up because governments and central banks print and spend too much money.
