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Trump 2025
| June 10th, 2026 at 7:26:52 PM permalink | |
| SOOPOO Member since: Feb 19, 2014 Threads: 25 Posts: 5896 |
If I am a seller of oil I will try my hardest to keep oil prices high. Even if those 100 million barrels did make it through why not keep the prices high high due to ‘uncertainty’. Point is our oil made it through while Iran’s oil didn’t. (IF Trump was telling the truth!) March 2022. Barrel oil $139. Today. $91. Can you show me your posts saying the world was ending and we were all ‘suffering’ in 2022? No, you can’t. Because we weren’t. We were dealing with the higher prices as best we could. How come a war in Ukraine affected oil prices TONS more than a war with a country bordering a key oil transport route? |
| June 10th, 2026 at 11:11:39 PM permalink | |
| GenoDRPh Member since: Aug 24, 2023 Threads: 5 Posts: 2953 |
I wasn't around here in 2022, to the best of my recollection. If you asked me then, I would have lamented the geopolitical situation that resulted in high oil prices, the need to diversify our oil and gas supply, as well the need to press full speed ahead on alternative forms of energy generation-solar,wind, geothermal and nuclear to supplement and possible replace fossil fuels. I also would have said to give Ukraine anything they need as far as money and materiel to repel the Russian invasion to end that conflict quickly. It’s true that the AAA national average gas price on both Monday and Tuesday, $4.16 per gallon, is lower than the peak national average gas price during the Biden administration, $5.02 per gallon in June 2022 – which occurred during the international spike that followed Russia’s full-scale military invasion of Ukraine in February 2022. But the current $4.16 per gallon national average is significantly higher than the national average when Biden left office in January 2025, which was $3.12 per gallon. And it’s higher than the national average was on 1,334 of Biden’s 1,460 full days as president, figures provided by AAA show. In other words, the national average gas price is higher now than it was during 91% of Biden’s term. It’s also higher now than it was every single day of Biden’s last 29-and-a-half months in office. The last time under Biden that it was higher than it is today was August 3, 2022, according to AAA, when it was a smidgen higher if you go to multiple decimal places. https://www.cnn.com/2026/06/09/politics/fact-check-gas-prices-trump-biden Why are oil prices not higher, in comparison to when Russia invaded Ukraine? That's easy: (1) China isn't buying as much oil, and they make a lot more energy from non-fossil fuels and use a lot of EVs (2) the US is exporting more oil and NG (3) The US lifted some sanctions on Russian oil (4) Some tankers paying protection money to Iran to go through the Strait (5) Use of oil reserves and (6) Countries taking my advice and generating energy using non-fossil fuel sources. |