Wow. Ok, we can agree that far about China policies. They went too far, and now too lax.

Well….1/2 off something overpriced by 10x isn’t great, that’s why PE ratio matters. I think 25 is super high, but by today’s standards it’s average. 90+ was insane.

You have blamed him for the economy, as if he didn’t inherit 2020’s remains, but I’m just glad you’re willing to share/spread blame. A good step. Kudos.
Don’t know what QE and helicopter $ is.

Supply chain issues are global. It’s hard to blame anyone for even a majority. IMO they have been getting better slowly from 2020….I’m not in manufacturing though.

Gas policy? Explain please. My understanding is gas/oil production is up under Biden….oil company profits certainly are. Analysis indicates their increased profit margins accounted for over 1/2 the increased prices. I’m glad I have some energy stocks in my portfolio.
Remember, Trump policy was to sell our refining capabilities to the Saudis, who then decreased production and increased prices.

So, you think there should be new regulations put on oil production companies so they don’t raise prices? Or are you calling for the full nationalization of the oil and gas industry? You must be, because for it to be Biden’s fault, he must control it somehow. I wonder, do you think he sets oil prices? Production schedules? Supply or demand? Controls OPEC or Russia?
Biden released oil reserves to mitigate the price gouging (didn’t work), but without nationalizing oil and gas, there’s little more he could do (maybe threaten to halt all new drilling permits until those already issued are used, but good luck). You would pretend cancelling Keystone XL raised prices, it wasn’t operational yet.

Just ask Texas how privatization and deregulation is working for them. Analysts say they aren’t better prepared for extreme weather than last year because there’s no requirement for them to upgrade, so statewide power outages and multiple deaths can be expected, and the hits to the economy that come with shutting the state down for weeks.

The largest oil and gas companies made a combined $174bn in profits in the first nine months of the year as gasoline prices climbed in the US.
Exxon, Chevron, Shell and BP among group of 24 who resisted calls to increase production but doled out shareholder dividends and bought back stock.
The oil and gas industry has fought Joe Biden’s attempts to pause new drilling permits on federal land, despite its unwillingness to expand operations in order to reap the returns of costlier oil and the fact the industry currently sits on 14m acres of already leased land that isn’t being used, an area about double the size of Massachusetts.
“It’s not the government that is banning them from drilling more,” said Pavel Molchanov, an analyst at Raymond James. “It’s pressure from their shareholders.”


Soooooo…..nationalize? Gas in Venezuela is $.12 a gallon. If not, blame capitalism, not Biden, for your “high” gas price. (Try gas prices in Europe where gas isn’t subsidized, now those are high gas prices).

You said that already, it’s not an answer it’s the basis of the question, are you having a stroke? More likely trying to dodge because you have no answer.

Try answering the question asked for once….if you can (I have my doubts).

I asked you what Republicans plan to do to return to this imaginary time when border crossing was under demonstrably better control (which is different from when there were fewer people trying to cross), when we didn’t import oil (never happened ), when gas was a buck less (absolutely not true here, but admittedly it was cheaper…because crude oil was free due to zero demand and gas was cheap because no one was driving, compare it to 2019 and it’s not true anywhere) and yes, inflation was under 2%, but gdp was down 33% in one quarter and unemployment through the roof, with fed interest rates at zero (or less)….really shitty trade off.


Were or getting under control. ROTFLMFAHS!! He had 4 years, he added 1/3 of the debt and increased the deficit exponentially with nothing to show for it but division.

He spent tens of billions on a border fence/wall that UNQUESTIONABLY hasn’t slowed, much less stopped illegal border crossings but has caused ecological damage and/or just fallen down in many places.
Energy independence my ass. Such bullshit lies.
Gas, compared to pre pandemic rates the price rise is not excessive, you want to compare pandemic shutdown/recession price to now like a liar.
Inflation is 4.2%, a bit high not crazy (remember 14% in 1980? Stop whining and crying), so time to raise interest rates from zero. Easy fix, something we could agree on. Biden would say you’re welcome, getting the economy working creates inflation. It also creates demand for gasoline, raising the depressed Covid/Trump recession prices. You’re welcome. He also just secured funding for thousands of electric vehicle charging stations, making it easier to own a Tesla, raising your stock value. You’re welcome.

This energy independence bullshit is based on totally unrealistic pie in the sky predictions even if every project green lighted produces the top estimates without hiccups or failures….we do not and never have produced all the oil America uses, if we did, OPEC wouldn’t matter to us. (BTW, oil/energy independence was a Jimmy Carter plan but the right liked cheap foreign oil and hated conservation.). America has 3% of the world’s oil reserves but uses 24% of world wide oil production, we will never be energy independent while using oil…if we ever miraculously managed it, we would be out of oil in years.

These weren’t under control under Trump, and Republicans have zero plans to get them “under control”, either because they see no problems or because they have no solutions, you choose. Can you name a Republican plan? McConnel can’t.

Trump still living you leftest brains.

I can see why because Biden is such a poor POTUS, but he wears your jersey so you have to release you frustration on someone.


Woefully higher gas prices, food prices. This is the Biden economy you want?
America had energy independence, Biden ended that.


Biden's Energy Secretary on Plans to Increase Oil Production


This is what the Democrat party thinks of struggling American families

Bob...do not try to teach anyone history, you simply don't know it. You are just wrong on nearly every point......again.

On 2 June 2010, (with oil at $80) President Chávez declared an "economic war" because of the increasing shortages in Venezuela.[1] The crisis intensified under the Maduro government, growing more severe as a result of low oil prices in early 2015,[12][19][20] and a drop in oil production from lack of maintenance and investment.[11] The government failed to cut spending in the face of falling oil revenues and has dealt with the crisis by denying its existence[21][22] and violently repressing opposition.[11] Political corruption, chronic shortages of food and medicine, closure of companies, unemployment, deterioration of productivity, authoritarianism, human rights violations, gross economic mismanagement and high dependence on oil have also contributed to the worsening crisis.

If it's the forces of capitalism that should run the market, then why encourage government interference? That's the opposite of free-market capitalism.

An independent study published in Nature Energy estimated that half of all US oil production would be unprofitable if not for government subsidies. By your reasoning, shouldn't those ventures be allowed to die a natural death? All Arnold is saying is we shouldn't be INCREASING the subsidies to a dirty industry that's killing people.

In other words, your response is a non sequitur. It literally does not follow.

Aside from all that. IT'S KILLING PEOPLE! Do you really care about profit margins and the forces of capitalism more than human lives? What are profits for if not to improve the lives of people? Money, and the economy have to serve a purpose or they're just numbers.

Let's see... fresh baked cupcake for or pre-packaged possibly pre-historic "edible oil products" from AM/PM for the same price of $3.25

http://cupcakesforcourage.com/flavors.html

Ya. I can see why the brick-and-mortars are scared.

I love how the comment thread is almost entirely about hybrid car battery failure, and not about gas prices or politically-motivated spin.

For me, these clips are cause for a bit of soul-searching. I honestly don't recall exactly what I was saying about gas prices in 2008, but I certainly was saying Bush was at least partly to blame.

I didn't really have much proof of that, it was mostly "Bush is an oil man, and under his Presidency gas went from $1.50 to $4, so he's got to have something to do with it."

Mostly though, I think the real answer is that we do live in a free market economy, and oil price is set largely by supply and demand. The global supply has been flat, and possibly declining, while demand has been growing (mostly due to economic development in places like China and India).

The truth is we should have been making serious attempts to get ourselves off oil since at least the 70's, and because we've let Big Oil and their political allies have their way, worldwide, we're now reaching the point where the consequences of our apathy and/or defeat are becoming impossible to ignore.

Now it gets to 80 degrees in March in Ohio, gasoline costs $4/gal, and still the only remediation our political system seems likely to implement is more investment in oil production.

That could change quickly, of course. All we really need is for the right to wake up. Or drop dead. I'd be satisfied with either one at this point.

GO AWAY Idiot promoter for fantasy snake oil products! BOOO!!!

>> ^ptrcklgrs:

Ok, you clearly didn't understand what i said because you responded exactly how I warned.
"Oil Production" does not equal "Domestic Energy"
"Oil Production" does not equal "Domestic Energy"
Solar power doesn't fuel my car. We could triple our "domestic energy" production with nuclear power plants, but that wouldn't do shit for my car and gas prices. Do you not understand that? He is responding intentionally with misleading points.

Which would be a great point if it were true.

Let's look at some data.

Ok, let's see. In 2010 (last year we have data for) oil production was equivalent to 11669000000000000 BTUs or (12311.4467 yottajoules for those of us not living in the 18th century). Seems like a lot to me, and in fact it turns out this was the highest oil production since 2003!

So yeah, you're just plain wrong.

No. I didn't miss anything. You didn't hear what Cenk said. He said that some Republicans were trying to convince voters that a) Obama has been ignoring domestic energy, and b) that's the reason gas prices are high. Cenk put paid to both of these ideas because neither is true. It's the Republicans that Cenk quotes who are saying that oil drilling in the US counts as Domestic Energy, and that it would affect gas prices.

I don't watch any American TV news except what pops up on the Sift, which is almost all Fox News, so I can't compare. I can tell you that Fox is the worst journalism that I have ever seen, so much so that it's not really journalism to me, but shoving opinions down people's throats and still calling it news. If CNN and the rest are the same way, then that's a shame.

FWIW, Fox News viewers consistently poll as among the most misinformed of news consumers, often coming in lower than people who don't watch the news at all.

Also, I've never understood when the word "liberal" became a swear word. It just means "open-mminded." I think being able to receive and process new information and change long-held ideas in the face of such information is a strength rather than a weakness. But if you enjoy believing whatever you believe just because you believe it and like having others tell you that you're right even if it's incorrect, then have at it.>> ^ptrcklgrs:

Ok, you clearly didn't understand what i said because you responded exactly how I warned.
"Oil Production" does not equal "Domestic Energy"
"Oil Production" does not equal "Domestic Energy"
Solar power doesn't fuel my car. We could triple our "domestic energy" production with nuclear power plants, but that wouldn't do shit for my car and gas prices. Do you not understand that? He is responding intentionally with misleading points.
I'm sorry you are such a hater of Fox News and that you don't understand that all Fox News did was match CNN, MSNBC, NY Times and every other liberal media with conservative media. You ever heard the phrase "liberal media" its been around for almost 100 years. But the first Conservative media pops up and you all start crying.
Hell there have been so many cover up of democratic representive.
Example: Sen. Feinstein, Dianne [D-CA] was on a council that was awarding all military contracts to a company her husband was the primary share holder in. (Illegal) Once someone found this out, she resigned and the media refused to write on it.

>> ^messenger:
You've got to be kidding me. In his opening statement, Cenk says (1)Republicans are accusing Obama of ignoring domestic energy production, and (2)they are publicly linking this failure with increased gas prices. Cenk then responds that not only is Obama doing more domestic energy production than Bush (point 1), but there isn't even a causal relationship between the two stats (point 2). That's good journalism, as long as his opening statement is true about what Republicans are saying. If he had only said, "We're not drilling enough!! (without mentioning domestic energy) and then gone on with the domestic energy fact as a counterpoint, that would be misleading.
Even if he had fudged it like that --which he does on rare occasion, but not here-- comparing him with FOX is the news integrity equivalent of Godwin's Law. Fox are so bad, so reprehensible, so intentionally misleading, so ideologically driven that Cenk on his worst day couldn't even approach their level of deceit. [Edit: to your second point, without doing the background research, I'll just accept that you're right, and say this IS one of the times that Cenk fudges things a wee bit. But seriously, if the worst you can say about him is that he tars all Republicans with the same brush, that's not that serious.]
But if you still think you're right, if you can remember any time TYT did anything as corrupt as some of Fox's worst moments --and remember that they've been caught intentionally manipulating stories-- tell us about it here, even if you can't find the link. I bet you've got nothing. Check your hyperbole.>> ^ptrcklgrs:
TYT is a manipulative as Fox News. On 2 Counts
1: He says "Fact we are at a 8 year high for domestic energy production in this country". Ok, I believe that fact but its a stat based on domestic energy production. Not domestic oil drilling. Oil is one piece of energy. We've gone nuts in the last few years with solar, wind, fracking energy as going green. So that stat looks quite misleading.
2: When he says "Republicans" yes there is a hand full of republicans pushing this point. But by the vast majority it is held as not true. Why doesn't he name names. He is just finding any issue he can to dig deeper trenches between lines and make his money.
TYT = Fox News Opionists

Ok, you clearly didn't understand what i said because you responded exactly how I warned.

"Oil Production" does not equal "Domestic Energy"
"Oil Production" does not equal "Domestic Energy"

Solar power doesn't fuel my car. We could triple our "domestic energy" production with nuclear power plants, but that wouldn't do shit for my car and gas prices. Do you not understand that? He is responding intentionally with misleading points.

I'm sorry you are such a hater of Fox News and that you don't understand that all Fox News did was match CNN, MSNBC, NY Times and every other liberal media with conservative media. You ever heard the phrase "liberal media" its been around for almost 100 years. But the first Conservative media pops up and you all start crying.

Hell there have been so many cover up of democratic representive.

Example: Sen. Feinstein, Dianne [D-CA] was on a council that was awarding all military contracts to a company her husband was the primary share holder in. (Illegal) Once someone found this out, she resigned and the media refused to write on it.


>> ^messenger:

You've got to be kidding me. In his opening statement, Cenk says (1)Republicans are accusing Obama of ignoring domestic energy production, and (2)they are publicly linking this failure with increased gas prices. Cenk then responds that not only is Obama doing more domestic energy production than Bush (point 1), but there isn't even a causal relationship between the two stats (point 2). That's good journalism, as long as his opening statement is true about what Republicans are saying. If he had only said, "We're not drilling enough!! (without mentioning domestic energy) and then gone on with the domestic energy fact as a counterpoint, that would be misleading.
Even if he had fudged it like that --which he does on rare occasion, but not here-- comparing him with FOX is the news integrity equivalent of Godwin's Law. Fox are so bad, so reprehensible, so intentionally misleading, so ideologically driven that Cenk on his worst day couldn't even approach their level of deceit. [Edit: to your second point, without doing the background research, I'll just accept that you're right, and say this IS one of the times that Cenk fudges things a wee bit. But seriously, if the worst you can say about him is that he tars all Republicans with the same brush, that's not that serious.]
But if you still think you're right, if you can remember any time TYT did anything as corrupt as some of Fox's worst moments --and remember that they've been caught intentionally manipulating stories-- tell us about it here, even if you can't find the link. I bet you've got nothing. Check your hyperbole.>> ^ptrcklgrs:
TYT is a manipulative as Fox News. On 2 Counts
1: He says "Fact we are at a 8 year high for domestic energy production in this country". Ok, I believe that fact but its a stat based on domestic energy production. Not domestic oil drilling. Oil is one piece of energy. We've gone nuts in the last few years with solar, wind, fracking energy as going green. So that stat looks quite misleading.
2: When he says "Republicans" yes there is a hand full of republicans pushing this point. But by the vast majority it is held as not true. Why doesn't he name names. He is just finding any issue he can to dig deeper trenches between lines and make his money.
TYT = Fox News Opionists

>> ^marinara:

israel does not stabilize the middle east


He didn't say Israel stabilised the middle east, he said it was a linchpin for US efforts to stabilise the region.

That is, stable enough to continue exporting oil, not to bring peace or democracy to the area. If you prefer try replacing the word "linchpin" with "foothold" or even "excuse".

>> ^marinara:

arab states are not going to willfully ramp down oil production. This guy is just fucking wierd.


He isn't saying they will ramp down production, but that they are unlikely to invest further in production for export. Not continuing to ramp up is not the same as ramping down.

israel does not stabilize the middle east, and arab states are not going to willfully ramp down oil production. This guy is just fucking wierd.

There have been no long term studies about effects on cars yet. None at all. Some did it a few years, but thats simply not enough. Here in Germany manufacturers actually didnt release proper lists which cars work with it and which wont until right after E10 was introduced, and even now they are changing those lists regularly. Sure, in other countries they have been running that stuff your years and years, but those countries also have no studies about it. As long as there is such a srisk (and we all know ethanol attacks aluminum and some plastics, that are in fuel pumps and fuel lines and injectors, etc, there is no way to tell how safe it is. Because the manufacturer only care about sales. If engines break sooner, thats just ok, especially since it was forced by the government, so "they are not to blame".

Its detrimental because it drives up the price of food. Have you checked the course of it lately? Also gasline becomes even more expensive because of it, to make people buy it. Very well visible when Germany added E10. From one day to another the prices jumped by 8 cent. Rich dont care about such increases in cost. But poor are hurt a lot by it.
Just look at Indonesia and the palm oil desaster. Many people are actually starving because farmers stopped producing food and instead make palm oil now. And even that palm oil isnt meant for the domestic market, its going straight to foreign countries. In South America the rain forrest is burned down every day to make place for bio fuel plantages. You should Google about soy, corn and Monsanto while were at it. Theres a good documentary about that too, that will open your eyes.

We dont even know how much oil we have left or exactly how it was created. I dont know the English word for it, but theres the "Erdölkonstante" that shows that since people found oil they always thought it will be depleted in a few years and those years are nowadays actually at the highest point ever and has been at this for several decades without decreasing. As long as we still have enough, there is no need to raise prices and develop stuff that hurts people and cars. Yes, the raise is artificial. To get the rich even richer.
There has not been "oil peak" yet, instead oil production is still increasing a lot, and many countries could raise it by a lot more if they wanted to. But they dont want to because the prices would fall drastically.

Bio fuels are a desaster for humanity. They hurt so many people, its not funny anymore. Also they are not better than gasoline for the environment. All taken together, they are actually much worse. To call bio fuels good for our planet is a farce, and if you really believe that its good and even an alternative to consider, youre just a sock puppet for the corrupt rich. Sorry.