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[Jimi77 Premium Member]

His answer was quite simple for anyone who understands even the most basic things about business and the economy. High-school level stuff.

I provided much less "detailed" answers previously only to have them questioned. Then when I fill in the blanks, it's an overly complicated answer to a simple question. Anybody can google global oil supply and see it's down~8% from pre-covid days. We can also see oil production is up ~9% since Biden took office. Not that Biden is responsible for increased production (the market is).

 

[RobGMN Premium Member]

I provided much less "detailed" answers previously only to have them questioned. Then when I fill in the blanks, it's an overly complicated answer to a simple question. Anybody can google global oil supply and see it's down~8% from pre-covid days. We can also see oil production is up ~9% since Biden took office. Not that Biden is responsible for increased production (the market is).

More than once, Thx has cried that my answers and facts are provided by Google, completely ignoring the fact that Google is merely a roadmap and a pointer to get to information.
It's almost like he thinks that looking in a card catalog will give you the text that is located within a library book.
Given his complaints, I would assume he would never use Google to find a piece of information that you would formerly have to go to a library or other resource to find. Instead, he will sit in his world, making shit up, convincing himself he is right, and fighting those feelings to the death.
He'll do it no matter what proof you can provide because Google and all news sources are just biased to make Trump look bad and to make Thxone be incorrect. It matters not that you may be quoting medical science that is a century old, stock prices from a month ago, the Oxford English Dictionary, or the quoted words of Trump or Biden himself. If it contradicts Thxone's feelings, it is a lie.

Instead of accepting he was wrong and learning something new, he will fight you to the bitter end to say he is right, but will refuse to ever provide any proof or verification. Instead he'll talk in circles, he'fabricate things, even outright lie, all the while hurling insults and calling you names, and maybe even claim he DID provide proof, you just didn't COMPREHEND them, because you are stupid.
He'll even try to spin things around, like he just did with you (complaining your answers were nonexistent yet also too simple and too complicated at the same time)

He has done it with every argument he and I have had, and I can name most of them.
I've actually told him he needs to step up his game b/c his ways are so obvious, but he just does the same shit over and over again.

 

[ThxOne Premium Member]

Blah Blah Blah Blah.

Trump did said amount while in office. Gas prices under Trump were cheaper.

Biden, according to you all, is doing MORE with oil while in office yet gas prices under Biden are much higher than under Trump.

You aren't making that make sense... you are bloating your answers with blame and excuses.

How is Biden doing more but his results are worse.

I will tell you. The Biden admin ISN'T doing more. They are selling our oil and buying oil from overpriced sources. A lose, lose for Americans. How many barrels did Biden sell from OUR strategic reserves? Yeah, exactly. He is a criminal and is costing Americans money at the pump. Costing Americans money across the board.

 

[Buck 5,000+ posts]

You’re a cartoon character if you think the country is doing better under Biden than Trump.

 

[RobGMN Premium Member]

Blah Blah Blah Blah.

Trump did said amount while in office. Gas prices under Trump were cheaper.

Biden, according to you all, is doing MORE with oil while in office yet gas prices under Biden are much higher than under Trump.

You aren't making that make sense... you are bloating your answers with blame and excuses.

How is Biden doing more but his results are worse.

I will tell you. The Biden admin ISN'T doing more. They are selling our oil and buying oil from overpriced sources. A lose, lose for Americans. How many barrels did Biden sell from OUR strategic reserves? Yeah, exactly. He is a criminal and is costing Americans money at the pump. Costing Americans money across the board.

Are you asking real questions here, or just rhetorical ones based on your own incorrect answers?

I’ll answer your questions, but it sure seems like you’re just saying “I really don’t understand (or maybe give a shit) about how things work in the economy, I just want to say Biden sucks.”

Which scenario is it?

 

[ThxOne Premium Member]

Are you asking real questions here, or just rhetorical ones based on your own incorrect answers?

I’ll answer your questions, but it sure seems like you’re just saying “I really don’t understand (or maybe give a shit) about how things work in the economy, I just want to say Biden *****.”

Which scenario is it?

Supply and demand... right? Isn't that what you have stated several times? The demand is the same but according to you guys, Biden is doing more when it comes to oil so supply should be well up. So... the price for gas is staying high because....

Let me guess... OPEC sets the price for the oil America pulls out of its own soil? That would be weird since America is not part of OPEC which means WE set our own production and supply.

So what did Trump do that kept gas prices down that Biden isn't doing? I ask because if Biden were doing it too the price would be lower.

You figure it out and let me know.

 

[RobGMN Premium Member]

You’re a cartoon character if you think the country is doing better under Biden than Trump.

You’re of low intellect if you don’t understand basic economics.

 

[RobGMN Premium Member]

Supply and demand... right? Isn't that what you have stated several times? The demand is the same but according to you guys, Biden is doing more when it comes to oil so supply should be well up. So... the price for gas is staying high because....

Let me guess... OPEC sets the price for the oil America pulls out of its own soil? That would be weird since America is not part of OPEC which means WE set our own production and supply.

So what did Trump do that kept gas prices down that Biden isn't doing? I ask because if Biden were doing it too the price would be lower.

You figure it out and let me know.

I asked you very directly if you wanted the last set of questions answered. Do you, or don’t you?

At one time you suggested the pandemic hadn’t really changed the amount of drivers on the road (an incorrect claim). What information now suggests to you that demand for gas and oil are “the same”?
Do you know that a reduce supply by default creates “demand” that can drive the price up, even if usage is the same?

The US is not in OPEC, but OPEC can ABSOLUTELY affect the prices US oil producers charge. McDonalds doesn’t own Burger King, but you can be damn sure they affect BK’s pricing strategies. The Walton family doesn’t own Costco, but you know for sure Sams Club pricing affects Costco’s.
Do you think the US producers who sell on the world market will not try to be competitive with OPEC producers? That’s myopic thinking, at best. Honestly, this is very simple business, finance, and economics.

Trump didn’t “keep prices down”. The MARKET kept prices down. One driving factor was when DEMAND got crushed by the pandemic, which caused a SUPPLY glut. Too much supply means producers lower prices to dump product. This is because THEY ARE IN COMPETITION WITH EACH OTHER. These companies are not here for our benefit, they are here to MOVE THEIR PRODUCT. And they have to keep selling constantly to make PROFIT.
They are privately owners, not property of the government.

Again, this is the most basic business, finance, and economics. This is stuff you should know from high school, if not just daily life.

Give me an honest answer, please: Do you really not understand any of this stuff, or are you just playing naive because the reality gets in the way of your feelings and your desire to blame Biden for something he does not control?

 

[Jimi77 Premium Member]

Blah Blah Blah Blah.

Trump did said amount while in office. Gas prices under Trump were cheaper.

Biden, according to you all, is doing MORE with oil while in office yet gas prices under Biden are much higher than under Trump.

You aren't making that make sense... you are bloating your answers with blame and excuses.

How is Biden doing more but his results are worse.

I will tell you. The Biden admin ISN'T doing more. They are selling our oil and buying oil from overpriced sources. A lose, lose for Americans. How many barrels did Biden sell from OUR strategic reserves? Yeah, exactly. He is a criminal and is costing Americans money at the pump. Costing Americans money across the board.

See this is why I posted "Global oil markets 101," which you clearly didn't understand.

So first off, the oil industry in the US is not nationalized. Not that I would have a problem with nationalizing it, but typically nationalized oil is a feature of communist and/or autocratic countries (ie Russia and Saudi Arabi). In the US, the oil industry is private and for profit. Once Exxon pumps oil out of the ground, they can and will sell it to the highest bidder. That's not the Biden administrations doing, that's what the private sector oil companies have done and will continue to do regardless of who is in office.

Secondly, I've never claimed Biden "did more;" that's a position you've attached to me. I don't believe Biden can really "do more" because oil production is a for profit, private sector endeavor, so it's oil companies do less/more. Biden's ability to affect oil prices, whether it's drive them up or drive them down is rather limited. You were the victim of a misinformation campaign that claimed Biden reduced the number of permits being issued, so I corrected that misinformation. Because there is a misinformation campaign claiming oil production has suffered under Biden, I've had to correct that bit of information as well. I've never given Biden credit for increased production; production has increased because demand pushed prices up and oil companies are motivated by the profit the can realize from higher demand/prices.

Third, you've dismissed the effects of Russia, OPEC+, increased demand, etc. When demand increases, price increases, that's just a feature of free market economies like ours and the global oil market. When supply is restricted or decreased, then prices increase; that's just how free market economics (aka capitalism) works. Because global demand has increased since the pandemic but global supply has not returned to pre-pandemic output, global oil prices have increased. Since oil companies operating in the US are players in the global market, they choose to pump oil out of "our ground" and sell it to the highest bidder on the global market.

If Biden could set prices at the pump, Exxon et al, would just sell their oil to a higher bidder and we'd have no gas. However, if Biden could not only set prices at the pump, but also force oil companies to provide gas at those prices, then "your" problem would be solved. However, Biden lacks those powers. He cannot compel US oil producers to work within some sort of nationalized marketplace prior to going to the global market (like Venezula). Biden is limited to bleeding the US strategic reserve onto the open global market, eliminating federal gas taxes, increased permitting and begging OPEC to increase production as his only ways of impacting gas prices. Bleeding the strategic reserve is rather useless because that oil is subject global pricing.

 

[Jimi77 Premium Member]

Supply and demand... right? Isn't that what you have stated several times? The demand is the same but according to you guys, Biden is doing more when it comes to oil so supply should be well up. So... the price for gas is staying high because....

Let me guess... OPEC sets the price for the oil America pulls out of its own soil? That would be weird since America is not part of OPEC which means WE set our own production and supply.

So what did Trump do that kept gas prices down that Biden isn't doing? I ask because if Biden were doing it too the price would be lower.

You figure it out and let me know.

Again, I guess you just don't understand global markets. We don't set oil prices for the oil that comes out of our ground. Who told you this wildly inaccurate information? Trump had a pandemic - lower gas prices are not worth going thru another pandemic.

 

[ThxOne Premium Member]

Again, I guess you just don't understand global markets. We don't set oil prices for the oil that comes out of our ground. Who told you this wildly inaccurate information? Trump had a pandemic - lower gas prices are not worth going thru another pandemic.

The pandemic was at the end of Trumps presidency.

Thanks to both of you for not answering the question.

 

[Jimi77 Premium Member]

More than once, Thx has cried that my answers and facts are provided by Google, completely ignoring the fact that Google is merely a roadmap and a pointer to get to information.
It's almost like he thinks that looking in a card catalog will give you the text that is located within a library book.
Given his complaints, I would assume he would never use Google to find a piece of information that you would formerly have to go to a library or other resource to find. Instead, he will sit in his world, making shit up, convincing himself he is right, and fighting those feelings to the death.
He'll do it no matter what proof you can provide because Google and all news sources are just biased to make Trump look bad and to make Thxone be incorrect. It matters not that you may be quoting medical science that is a century old, stock prices from a month ago, the Oxford English Dictionary, or the quoted words of Trump or Biden himself. If it contradicts Thxone's feelings, it is a lie.

Instead of accepting he was wrong and learning something new, he will fight you to the bitter end to say he is right, but will refuse to ever provide any proof or verification. Instead he'll talk in circles, he'fabricate things, even outright lie, all the while hurling insults and calling you names, and maybe even claim he DID provide proof, you just didn't COMPREHEND them, because you are stupid.
He'll even try to spin things around, like he just did with you (complaining your answers were nonexistent yet also too simple and too complicated at the same time)

He has done it with every argument he and I have had, and I can name most of them.
I've actually told him he needs to step up his game b/c his ways are so obvious, but he just does the same shit over and over again.

I must admit "conservative reasoning" rather confusing. The trend was in full swing before Trump, but once Trump reinforced and legitimized this approach of "if the facts don't fit the narrative, then the facts are wrong" it's taken over the whole party. As a former conservative who used to tune into Wiliam Buckley every week, it's astonishing to me that the same conservative party has just rejected reality on a wholesale basis. I used to view the left as more disconnected from reality than the right, but that has changed drastically in the past ~10 years. Is that the intellectuals have left the party or is it that intellectuals have decided (learned) emotions drive people more than facts, data, etc.

 

[Jimi77 Premium Member]

The pandemic was at the end of Trumps presidency.

Thanks to both of you for not answering the question.

I answered your questions, you just ignored the answer. But better yet, why don't you answer the questions you posed:

1) So what did Trump do that kept gas prices down that Biden isn't doing? I ask because if Biden were doing it too the price would be lower.

Please inform us.

Supply and demand... right? Isn't that what you have stated several times? The demand is the same but according to you guys, Biden is doing more when it comes to oil so supply should be well up. So... the price for gas is staying high because....

So you honestly don't believe demand has changed? Prices went up around the world because Biden isn't doing something that Trump did? And what would that be?

Let me guess... OPEC sets the price for the oil America pulls out of its own soil? That would be weird since America is not part of OPEC which means WE set our own production and supply.

Are you on drugs??? WE DO NOT set our own "production and supply." We are part of a global supply system. If Venezula cuts production, prices go up and US oil producers (who are involved in for profit enterprise) will have no problem selling "our" oil to China if that's better for their bottom line. Do you not believe or comprehend that?

 

[RobGMN Premium Member]

I answered your questions, you just ignored the answer. But better yet, why don't you answer the questions you posed:

1) So what did Trump do that kept gas prices down that Biden isn't doing? I ask because if Biden were doing it too the price would be lower.

Please inform us.



So you honestly don't believe demand has changed? Prices went up around the world because Biden isn't doing something that Trump did? And what would that be?



Are you on drugs??? WE DO NOT set our own "production and supply." We are part of a global supply system. If Venezula cuts production, prices go up and US oil producers (who are involved in for profit enterprise) will have no problem selling "our" oil to China if that's better for their bottom line. Do you not believe or comprehend that?

Countdown to Thxone claiming he has answered all questions posed if him, and that anyone who explains the reason gas prices are what they are is just a lying shill for the Democrats. Said shill gets all their info from “biased news” and “biased Google” and all historical information is faked in order to make Trump look bad.

I wonder at times if he is really just some teenager who is way over his head in all of these discussions, and can’t even learn on the fly if needed in order to keep up.

 

[Jimi77 Premium Member]

Crude Oil Production Statistics | Crude Oil | Enerdata

Crude Oil Production detailed by Region. Get updated figures on crude production with graphs and analysis provided by Enerdata.

yearbook.enerdata.net

Global crude oil output rose by less than 1% in 2021 after a 7.4% drop in 2020.

In a context of global economic recovery, with increasing COVID-19 vaccination rates and loosening pandemic-related restrictions, oil demand expanded more rapidly than supply. Consequently, international oil prices rose by almost 70% in 2021 (+69% for the Brent, at US$71/bbl).

Clicking on the above link will reveal that global output has not returned to pre-pandemic levels. I've brought that up a few times, but I guess it bares repeating. Keep in mind that website is not a propaganda network like CNN, but a website that specializes in energy data/news.