Close more pipelines, Biden's a massive idiot

[XCR1250]

Biden administration sounds alarm on rising energy prices

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ZEKE MILLER

Wed, August 11, 2021, 6:29 AM

 

 

 

 

 

 

 

 

WASHINGTON (AP) — President Joe Biden's administration is raising alarms at home and abroad about rising energy prices slowing the nation's recovery from the pandemic-induced recession.

National Security Adviser Jake Sullivan on Wednesday called on the Organization of the Petroleum Exporting Countries to move faster to restore global supply of petroleum to pre-pandemic levels, as the White House asked the Federal Trade Commission to investigate the domestic gasoline market for any anti-competitive behavior that could be increasing prices.

The joint actions Wednesday come as the Biden administration is increasingly sensitive to rising prices across the economy as it faces both political and policy pressure from inflation.

 

“Higher gasoline costs, if left unchecked, risk harming the ongoing global recovery," Sullivan said in a statement. He said the administration was pressuring OPEC and producers allied with the cartel, both in public and in private, to more swiftly undo the production cuts put in place at the start of the pandemic.

Meanwhile, National Economic Council director Brian Deese asked FTC Chair Lina Khan to “monitor the U.S. gasoline market and address any illegal conduct that might be contributing to price increases for consumers at the pump.” The FTC is an independent agency and may take advice, but not direction, from the White House.

Analysts are expecting the latest U.S. headline inflation rate, due Wednesday, to grow at an annualized rate of 5.3%. This is slightly lower than June’s 5.4% which was the highest in more than a decade.

Gas prices are up about a $1.00 from than a year ago, as Americans hit peak summer driving season and return to roads after pandemic shut-ins.

Rising prices, both at the pump and across other consumer goods, have become a potent talking point among Biden's GOP critics. The White House has insisted that inflation will cool as the economy recovers from the twin shocks of the pandemic and the nation's ongoing recovery from the virus-induced lockdowns.

[Highmark]

He's a puppet....nothing more nothing less. 

[SayatodaU.P.eh?]

While everyone was celebrating Cuomo yesterday, this shit was happening. 
 

Squirrel! 

[Jerry 976]

 

[racer254]

9 minutes ago, SayatodaU.P.eh? said:

While everyone was celebrating Cuomo yesterday, this shit was happening. 
 

Squirrel! 

Yep, always misdirection.

[J. Jackson]

I get a kick out of his supporters saying how dumb people are to blame rising fuel etc costs on him. They just don't want to admit that his policies make a difference and do have a huge influence. Closing pipelines, basically saying that eliminating fossil fuel vehicles and mandating low emission levels in the near future certainly gets big oil nervous.

[CFM]

Gets more people to buy Hunters blow paintings. Ie: payoffs/bribes/etc

[irv]

[Angry ginger]

1 hour ago, J. Jackson said:

I get a kick out of his supporters saying how dumb people are to blame rising fuel etc costs on him. They just don't want to admit that his policies make a difference and do have a huge influence. Closing pipelines, basically saying that eliminating fossil fuel vehicles and mandating low emission levels in the near future certainly gets big oil nervous.

you mean his policies like a growing economy and reopening of america  

 

 

[racer254]

I don't believe they will close down anything because it will upset the economy so much.  Not to mention, they are not going to be able to do the infrastructure bill and another covid bill.  They need revenue.

[mnstang]

Biden can't pressure water to run down hill.  The guy is a clown nobody caress what he says about anything.

[J. Jackson]

2 hours ago, Angry ginger said:

you mean his policies like a growing economy and reopening of america  

 

 

Yeah right. 2nd quarter GDP 1.9 points below estimates even with "reopening of America". Jimmy Carter could have done better.

[1jkw]

6 minutes ago, J. Jackson said:

Yeah right. 2nd quarter GDP 1.9 points below estimates even with "reopening of America". Jimmy Carter could have done better.

I'm no fan of Biden, but GDP is triple Trumps 2.1% 4th quarter before the pandemic hit, not to mention the manufacturing recession we were in at that time.

Edited August 11, 2021 by 1jkw

[Anler]

What pipeline is closed? 

[ActionfigureJoe]

Investments and pension plan has never looked healthier. Joe’s done well. 

[J. Jackson]

3 hours ago, Anler said:

What pipeline is closed? 

Sorry,  halted construction on Keystone and Line 3 in Minn.

[SeaShark]

1 hour ago, ActionfigureJoe said:

Investments and pension plan has never looked healthier. Joe’s done well. 

Well - good for you, it better with inflation running over 5% consistently now, your pension and investments are worth less now.

[ActionfigureJoe]

2 minutes ago, SeaShark said:

Well - good for you, it better with inflation running over 5% consistently now, your pension and investments are worth less now.

I’m doing just fine.  

[Anler]

3 hours ago, J. Jackson said:

Sorry,  halted construction on Keystone and Line 3 in Minn.

How did that affect the price of oil?

[J. Jackson]

7 hours ago, Anler said:

How did that affect the price of oil?

Are you so naive to think that this wasn't concerning to big oil? The writing was put on the wall that 46's policies were all about eliminating fossil fuel use in a relatively short period of time. Big oil manipulates the market to raise prices due to the window that is closing on oil production. If you were a CEO of BP would you be nervous?

[Anler]

1 hour ago, J. Jackson said:

Are you so naive to think that this wasn't concerning to big oil? The writing was put on the wall that 46's policies were all about eliminating fossil fuel use in a relatively short period of time. Big oil manipulates the market to raise prices due to the window that is closing on oil production. If you were a CEO of BP would you be nervous?

I think you are naive. big oil was losing big time with cheap oil prices. They are happy to see prices going up hence why OPEC reduced production. 

And cheap oil prices were due to an oil war between saudi arabia and Russia. 

https://citysuitesramostower.net/the-losers-of-the-price-war-between-saudi-arabia-and-russia/

[Jimmy Snacks]

25 minutes ago, Anler said:

I think you are naive. big oil was losing big time with cheap oil prices. They are happy to see prices going up hence why OPEC reduced production. 

And cheap oil prices were due to an oil war between saudi arabia and Russia. 

https://citysuitesramostower.net/the-losers-of-the-price-war-between-saudi-arabia-and-russia/

So much easier for some of these hacks to just blame Biden.

[Skidooski]

I can't wait for the days when we'll be arguing about kWh prices, mandated brown outs etc instead  YAY 

[Anler]

36 minutes ago, Skidooski said:

I can't wait for the days when we'll be arguing about kWh prices, mandated brown outs etc instead  YAY 

Damn Chelsea taxed the fucking sun!

[J. Jackson]

3 hours ago, Anler said:

I think you are naive. big oil was losing big time with cheap oil prices. They are happy to see prices going up hence why OPEC reduced production. 

And cheap oil prices were due to an oil war between saudi arabia and Russia. 

https://citysuitesramostower.net/the-losers-of-the-price-war-between-saudi-arabia-and-russia/

Sure. We were basically energy independent. Not anymore....

Sucked  exporting  surplus.

 

Edited August 12, 2021 by J. Jackson