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US oil production breaks records; expert explains why gas prices remain high


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23 minutes ago, Pete said:

Trump =cheap energy.

Biden and the democrats want all oil gone forever.. war on oil from day one.

Is there something wrong with energy independence?

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15 hours ago, akvanden said:

Here’s what Pete and Viper want.

 

“Most Americans are not just looking for disinflation,’’ Lisa Cook, a member of the Federal Reserve’s Board of Governors, said last year. “They’re looking for deflation. They want these prices to be back where they were before the pandemic.’’

Many economists caution, though, that consumers should be careful what they wish for. Falling prices across the economy would actually be an unhealthy sign.

 

“Deflation is a widespread and sustained drop in prices across the economy. Occasional month-to-month drops in consumer prices don’t count. The United States hasn’t seen genuine deflation since the Great Depression of the 1930s.“


https://apnews.com/article/inflation-deflation-prices-economy-eggs-cars-consumers-e3c816373344d54b2e6bdb4be5ed999a

 


They want Trump to start the next Great Depression.

 

:pc:

this... :thumbsup:

excellent, that should be it's own thread and I'd encourage you to start one.  

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16 minutes ago, Crnr2Crnr said:

this... :thumbsup:

excellent, that should be it's own thread and I'd encourage you to start one.  


I'll let you borrow it to start the thread. I can only take so much of their feelings rooted in absolutely nothing factual. 


 

Edited by akvanden
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  • 2 weeks later...
On 4/1/2024 at 1:03 PM, Crnr2Crnr said:

no dumbfuck... Bush and Obama did.  

Trump did... what an idiot. :roflcrying:

The groundwork for oil shale development long preceded Trump. But don’t tell the site moron that. 

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3 minutes ago, ActionfigureJoe said:

The groundwork for oil shale development long preceded Trump. But don’t tell the site moron that. 

fracking and the ramp up to crude production occured under Bush, accelerated under Obama and Trump/Biden are riding the coattails of oil we largely EXPORT 

many here are ignorant of reality 

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