Posted on 04/28/2022 12:53:02 PM PDT by where's_the_Outrage?
Top congressional Democrats on Thursday announced legislation they said would lower gas prices for consumers, as rising costs imperil Democrats' chances of maintaining their majorities in November’s elections.
Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi said they would bring legislation to their respective chambers giving the Federal Trade Commission more authority to combat gasoline price manipulation. The lawmakers blamed Russian President Vladimir Putin’s invasion of Ukraine as a factor in rising costs, as well as what they called profiteering by “Big Oil.”.....
In response to a question about arguments from Republicans that the United States should increase its own domestic energy production in response to rising costs, Pelosi and Schumer argued oil companies are not doing so, instead looking to increase their own profits.
Schumer and Pelosi argued that Democrats' legislation would reduce costs while saying Republicans were looking to score political points by blaming President Joe Biden and Democrats for rising prices.
“Democrats are taking action to help Americans. Our Republican colleagues only lift a finger — finger, point blame, try to seek political advantage, get nothing done,” Schumer said.
(Excerpt) Read more at msn.com ...
Are they going to pause their war on oil?
Profit margins for oil companies is about 4%.
Profit margins for semiconductor companies is around 50% assuming the product they manufacture is in demand.
Dear Dems, if you want to lower the price of gas just get the hell out of the way of the exploration companies that know how and do find oil. You have blocked them at every chance.
Oddly the price of oil today also includes future exploration. If new leases and permits are limited in the future, as this administration has done, the future price goes up and is reflected into today’s price.
You did this Joe Biden but not really not. You are mentally compromised and just a puppet for those that pull the strings of this insane marionette show.
Who are the puppet masters? Soros for sure but many others of equal ilk. Some are ministers, some are presidents, some are oligarchs, but they are all bad.
Democrats being delusional in a boat on the river de Nile.
5.56mm
Very, very true
yeah, I remember that, it was just weeks ago. And last summer and fall it was “transitory”.
AND then there is “BIG POLITICS”.
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