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Oil Group Mocks Biden’s Price Gouging Accusations: ‘Intern Who Posted This Tweet’ Should Take ‘Econ 101’
bretibart ^ | 4 Jul 2022 | PENNY STARR9

Posted on 07/05/2022 8:15:27 AM PDT by MarvinStinson

Joe Biden continues to deflect blame from his own energy policies for the high prices Americans are paying for gas, including by claiming gas station owners are price gouging.

“My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril,” Biden tweeted on Sunday. “Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.”

The U.S. Oil and Gas Association tweeted back:

“Working on it Mr. President,” the association tweeted. “In the meantime – have a Happy 4th and please make sure the WH intern who posted this tweet registers for Econ 101 for the fall semester.”

The association also tweeted about the wisdom of using America’s bountiful energy resources.

“The U.S. Capitol has the inscription: ‘Let us developed the resources of our land, call forth its powers, build up its institutions, promote all its great interests and see whether we also in our day and generation may not perform something worthy to be remembered.’ – Daniel Webster.”

And other domestic energy advocates joined the criticism, including Western Energy:

“Claim by StateDept: Oil industry has everything it needs,” Western Energy tweeted. “Reality: What we need is a partner in the Biden Admin instead of the months-long blame game & overreaching regs like the @SECGov climate disclosure rule.”

Biden has attempted to deflect blame for the increase in gas prices to Russian President Vladimir Putin, dubbing it the “Putin’s Price Hike,” a term used repeatedly by the White House, despite his campaign promise to always take responsibility and not blame others.

(Excerpt) Read more at breitbart.com ...


TOPICS: Crime/Corruption; Government
KEYWORDS: anwr; biden; bidenflation; bidenpropaganda; bidenvoters; energy; fueltaxes; gasprices; keystonexl; oil; opec; taxes; twitter
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To: IYAS9YAS
Interns for Joey Diapers are as bright as their boss.


21 posted on 07/05/2022 8:58:23 AM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: Sans-Culotte; MarvinStinson; 1Old Pro; ProtectOurFreedom
It's an empty retort. The Bidet admin tossed it right down the middle of the plate, but the teenager who runs the Oil Group's social media failed Business Writing 101. He should troll FR for content: Gas stations typically only receive a fraction of the price listed on the sign. And after factoring in overhead — labor, utilities, insurance, credit card transaction fees — the average profit is winnowed down to ~$0.03 to $0.07 per gallon.

In case you were wondering how gas stations make money, it's in the ancillary stuff.


22 posted on 07/05/2022 9:11:36 AM PDT by DoodleBob (Gravity’s waiting period is about 9.8 m/s²)
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To: MarvinStinson

Oil price is down 9 bucks today.


23 posted on 07/05/2022 9:16:37 AM PDT by babble-on
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To: DoodleBob
I'm surprised the profit on bottled drinks is so low. About 10 years ago, I got a look at Speedway's live Point-Of-Sale database.

The wholesale price for a 79 cent bottle of water was 1 penny!
24 posted on 07/05/2022 9:17:33 AM PDT by BikerJoe
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To: BikerJoe

Putting water in plastic bottles and charging exorbitant prices for it had to be the most genius invention ever.

The guys who “invented” TruFuel are close behind. Take regular old gasoline without ethanol, put it in cans, and sell it for $30/gallon at Home Depot and Lowe’s.


25 posted on 07/05/2022 9:21:45 AM PDT by ProtectOurFreedom (“When a person shows you who they are, believe them the first time.” ~ Maya Angelou)
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To: DoodleBob

You’ve got the facts right, but who listens to dry facts. The association’s retort was funny! Of course, how many people will get it?


26 posted on 07/05/2022 9:35:38 AM PDT by ProtectOurFreedom (“When a person shows you who they are, believe them the first time.” ~ Maya Angelou)
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To: ProtectOurFreedom

Maybe they’re using bottled water to extract the ethanol. You don’t need to find ethanol-free gas. It’s pretty easy to extract the ethanol yourself with water. Some food coloring in the water makes it even easier.


27 posted on 07/05/2022 9:42:16 AM PDT by mikey_hates_everything
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To: mewzilla

“Note to the association: Talk is cheap. Put your money where your mouth is.”

Perhaps you should take Econ-101 too.


28 posted on 07/05/2022 9:42:44 AM PDT by PTBAA
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To: MarvinStinson

The magnitude of incompetence it the Biden government is stunning.


29 posted on 07/05/2022 9:51:23 AM PDT by The_Media_never_lie (Brandon's got this.)
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To: MarvinStinson

The Marxists making white house policy are very smart. They know exactly what they are doing.The morons they send out to explain the unexplainable not so much.


30 posted on 07/05/2022 9:53:40 AM PDT by Don Corleone (leave the gun, take the canolis)
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To: MarvinStinson
Another tweet says is was the press secretary:


31 posted on 07/05/2022 9:53:57 AM PDT by mikey_hates_everything
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To: mikey_hates_everything

That guy is hilarious


32 posted on 07/05/2022 9:55:03 AM PDT by Mr. K (No consequence of repealing obamacare is worse than obamacare itself)
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To: MarvinStinson

They should have said “at Hillsdale” to really rub it in.


33 posted on 07/05/2022 9:55:03 AM PDT by nwrep
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To: mikey_hates_everything

is there a recipe for that somewhere?


34 posted on 07/05/2022 9:56:41 AM PDT by Mr. K (No consequence of repealing obamacare is worse than obamacare itself)
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To: PTBAA
I've read Sowell's Basic Economics.

Fourth and fifth editions. :-)

Some remedial reading for you...

PAC Profile: American Gas Assn

I'll say it again: Talk is cheap.

35 posted on 07/05/2022 10:02:30 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: MarvinStinson
Price gouging?......

Biden only has to his drug-addled son Hunter to see what price gouging really looks like..../s

36 posted on 07/05/2022 10:04:22 AM PDT by M-cubed (The MSM is now the 4th Branch of Government.....)
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To: rbg81

That remark was directed as a slight against AOC. Who claims to have a degree in Economics from BU. In reality her major degree was in International Relations(a degree akin to women studies), she did complete some Economics courses.

FYI, Wikipedia says her degree is in Econ, which is incorrect.


37 posted on 07/05/2022 10:20:50 AM PDT by woodbutcher1963
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To: XRdsRev

And who owns that rail? Warren Buffett?


38 posted on 07/05/2022 10:21:09 AM PDT by EvilCapitalist (Sodomy is nothing to be proud of.)
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To: mikey_hates_everything

Fortunately, we’ve got a new “Maverick” station not far from us that sells ethanol-free gasoline from the blue-handled pump. My small engines have never been happier!

I hadn’t thought about removing the ethanol with water. How do you do that?


39 posted on 07/05/2022 10:22:44 AM PDT by ProtectOurFreedom (“When a person shows you who they are, believe them the first time.” ~ Maya Angelou)
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To: ProtectOurFreedom

I think the only companies that have made more off the Ethanol mandates are the manufacturers of Stabil, Startron, and all the other fuel additive stabilizers.

I always have a couple bottles of Startron feul stabilizer in my garage. I only buy the True Fuel at the end of the seasons when I am putting away machines for an extended period.


40 posted on 07/05/2022 10:26:01 AM PDT by woodbutcher1963
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