Don’t be surprised if you see a surge in prices shortly after the election as we begin to refill our emergency reserves, OPEC cuts production, and Europe turns on the heat. Biden will still be the easy target. This time 1/3 of that problem will actually be on him.
I'd recommend going back a few pages and looking for the forums on gas/oil prices. @WapPride has done a pretty good job on this so look for their posts. Simple answer to me is there are too many factors to tell, particularly when there is an ongoing war. So best answer I'd say is "we'll see".
In short, no. The Executive Branch--via The Department of the Interior, cabinet level position appointed by the President--has total control over oil and gas permitting.
You are right. I should not have implied that. It's a combination of naturally and artificially imposed economic conditions, distribution problems and refinery problems.
Biden's EO's are the big issue. Permitting is part of that but a small part...
I do not think it will come down due to not much that a republican controlled congress could do honestly. Most of what is causing the issues was done via EO from China Joe. The rising interest rates should bring it down at some point. Right now its down some due to Biden using the strategic reserves and then some states waiving the state gas tax like GA has been.
You hit it on the head. Global prices are skyrocketing since opec has cut production and Russian oil is blackballed.
You do understand simple supply and demand isnt the primary thing that drives oil prices like it does most things?
I think you owe him 3 more responses
Yeah he apparently thought that was a very important question.
You’re catching on….. when China invades Taiwan, we’ll be in hyper-inflation mode & yes, this is all planned out by the NWO. This will put us in the middle of the Third Seal, which is The Rider on The Black Horse, which is Hyper-Inflation
Ohhhhh, the horses were just symbolism? I see it now. The Bible guys foresaw this 21st century inflation. What are the other 3 horses, out of curiosity?
Well I didn't say I was going to study it, but I am interested in the Bible as a literary work. And I appreciate a lot of its teachings. I'm not a religious person, but I'm fascinated with religion.
You mean when US oil production was higher than under any of the previous three presidents?
Say what? According to the US Energy Information Association, oil production peaked in December 2019 at right at 13k barrels per day. It plummeted to just under 12k barrels per day by April 2020, the sharpest decline you'll see anywhere on the chart in the link.
Interesting. I wonder what was going on during April of 2020 that may have led to that. Hmmmmmmmmm…. 🦠
Of course...only sought to correct the record. Oil production may indeed continue to ramp up whereupon Biden will overtake Trump as the administration that saw production rise to it's highest level ever
