Posted on 10/05/2022 5:35:38 AM PDT by Red Badger
What happens when both sides cheer the cheating that went on in Atlanta, Detroit, Phoenix, Milwaukee, and Philadelphia and elsewhere like that on Election Night 2020.
OPEC and Russia to cut oil production.
Wait, I know it’s economic interventionalism, but in times like this, I actually think I’m for this idea. I’m definitely not in the tall weeds on any details on this, in times like this with shortages and opec threatening to reduce production, why should we be exporting our energy?
It would seem very nationalistic to me, if it weren’t for the fact that the Biden admin is doing everything they can to obstruct domestic production too
I’m not aware of the API lifting a finger to help Trump in 2020. They made their bed. I hope they enjoy it.
I’m not aware of the API lifting a finger to help Trump in 2020. They made their bed. I hope they enjoy it.
~~~
Energy prices were low under Trump.
They like the current climate much better. They just don’t want Biden telling them where they can sell their product
NG can still be exported.
“Banning or limiting the export of refined products would likely decrease inventory levels, reduce domestic refining capacity, put upward pressure on consumer fuel prices, and alienate U.S. allies during a time of war,”
I don’t see a problem with any of those effects, especially alienating U.S. allies. We already give away too much of our treasure to other countries.
He wanted a legacy of producing an electric revolution
instead, his legacy will demonstrate:" Non compos mentis " in national leadership,
and will foment rebellion.
The President does not actually have the authority to stop refined product exports. He does have authority to prohibit Crude exports under the Omnibus Bill of 2015.
Of course, this lawless POC will do it and get coverage from the press and from the Democrat Court System.
There's your problem...right there.
Isn’t Biden exporting US strategic petroleum reserve?
No, they are not.
What they are is EVIL.
Note to trade associations: Talk is cheap.
The number of clueless people on this thread is amazing.
If banning or limiting U.S. exports of any product or service translates into lower prices for those things for Americans - I'm all for it!!!
“If banning or limiting U.S. exports of any product or service translates into lower prices for those things for Americans - I’m all for it!!!”
That is the missed point. It won’t lower prices, it will raise them.
"It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise." - Investopedia.
If we limit or ban export of our domestic gas and oil, supply should increase and demand decrease - as a result of cutting out the global market. If this is true, banning export of our domestic gas and oil could very well reduce prices for Americans.
I believe U.S. oil companies are interested in profits even if it means higher cost for Americans. So, when they balk, I doubt it's for any other reason than that they want to earn more money at our expense - IMHO.
“I believe U.S. oil companies are interested in profits even if it means higher cost for Americans. So, when they balk, I doubt it’s for any other reason than that they want to earn more money at our expense - IMHO.”
This may be true.
However, the way to get lower costs isn’t going to happen with the way the Biden administration is treating the energy sector. In fact their approach is only going to make matters worse.
The way to lower cost is an increase in production & refinery capacity.
This will take both time and investment, so it won’t happen overnight.
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