Posted on 06/06/2022 3:20:02 PM PDT by dynachrome
A dubious meme has emerged online in conservative circles: The price of gasoline will spike because Joe Biden is taking office.
The theory is that the president-elect's coming efforts to wean the United States off oil will nail people's pocketbooks. Conservative corners of Facebook are filled with viral photos of gas station signs with prices above $5 a gallon. “Just a reminder of what things looked like the last time Biden was in the White House,” reads one image.
But this vastly overstates a president's power to control the cost of a commodity traded on a world market. Although a president's actions — including Biden's climate policies — can nudge the price of oil, the effect is marginal at best, experts say.
(Excerpt) Read more at washingtonpost.com ...
It’s “HISTORIC!” Joey. You da friggin’ man.
What experts? The WaPo’s? The NYT’s? So sick of this crap!!
There is one key way Biden can have a pretty big impact on the price at the pump: getting the coronavirus under control.
The wide distribution of an effective vaccine would make people feel safe to return to their normal, energy-consuming routines commuting to work and flying cross-country again.
“Forget the energy transition issues,” Burkhard said. “Containing covid in 2021, if the Biden administration is able to do that successfully — that would boost oil demand, and therefore that would boost oil prices.”
—
That didn’t work out either.
..ahem.
I was one of those people saying prices would go through the roof before the 2020 election due to unconstitutional Wuflu shut downs.
Leftists have taken a business theory of 'disruption' to an entirely higher level. They wanted a crisis and Republicans assisted them.
He did that on his very first day of occupation.
“Expert textpert, choking smoker, don’t you think the Joker laughs at you?”
Are YOU the walrus?
Thanks for posting.
It was completely predictable. And it began very shortly after inauguration.
Biden’s energy policies are causing real,HARDSHIP for everyday Americans.
It also cascades down to food prices, transportation of goods and services etc.
Biden has been and is a DISASTER !!!
$5.25 per gallon in my area. Price jumped almost a dollar a gallon two days after Memorial Day Weekend
No. “The Walrus was Paul.”
Goo Goo Ga Joob!
They can’t even do simple math.
“ This article was published more than 2 years ago.”
This was a year and a half ago, not quite 2 years until we get to November.
My gas yesterday was $5.169. You’re lucky.
Biden is a Burden. If you call him President Burden, no one will disagree with you, and the leftists all shut up because they KNOW it’s TRUE.
My neighbor informed me they have ordered an electric car.
I don’t see how these vehicles are feasible with brownouts/blackouts predicted for summer...
“Authorities remain baffled...”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.