Current Events > Imagine blaming Joe Biden for gas prices

(+) Yeah! (+)

Thanks Obama

Is it really that bad if we open the pipelines?

I was spending more on gas back in 03

people are brain-dead goldfish

Biden shut down some pipeline. I'm wondering if reopening it would help lower gas prices?

Is it really that bad if we open the pipelines?

Tbf gas was cheaper when Trump was president

https://gamefaqs.gamespot.com/a/user_image/9/4/9/AABJX0AAC889.jp

But experts are skeptical that accessing the SPR would make a real difference, and predict a fleeting impact on prices should Biden go that route.
That's because the reason US oil prices have climbed by nearly 70% this year to above $82 per barrel has to do more with persistent trends than short-term factors.
"It's the wrong tool to address the current elevated prices," UBS analyst Giovanni Staunovo told me. "The strategic oil reserves usually help during a temporary disruption."
The run-up in prices has been triggered by a surge in demand for fuel as the global economy recovers from its pandemic slump, as well as limited investment in boosting production outside of the Middle East. Those shifts may not be transitory.
In the past, when energy prices rose dramatically, that was incentive enough to push American firms to start spending more to boost output. This time around, however, that funding is harder to come by. Investors are less likely to back long-term projects as they weigh the consequences of the climate crisis. They're also pushing companies to keep costs low and focus on returning money to shareholders after the twin price shocks in 2015 and 2020.

But Bjornar Tonhaugen, head of oil markets at the consultancy Rystad Energy, told me that the biggest factor driving prices right now is the expected release of strategic reserves from the United States and China.

According to the White House, US President Joe Biden and Chinese President Xi Jinping discussed the "importance of taking measures to address global energy supplies" during their virtual summit this week. That sparked chatter about a coordinated move initiated by the White House to put millions of barrels of oil on the market.
Thursday brought some signs that China is taking action. Reuters reported that the country's state reserve bureau said it was working on a release, though the exact details remain murky.

So I'm right then

Safe to assume you didn't read either article to see why the headlines were what they were.

From the first:

From the 2nd:

So, just like LITERALLY EVERY PRESIDENT BEFORE HIM, the only thing Biden can do is order the release of oil from the reserves. The first article LITERALLY states that's all he can do. He finally decided to do it a week later, and prices went down.

You might have missed the point of my post, which isn't blaming Biden for gas prices, but rather highlighting that it's not really fair to blame people for thinking the president has some control over gas prices when the media explicitly reports as if he does when it's beneficial.

Like, fuck him and he should be doing better, but you're a special kind of stupid if you think he's making gas prices rise.

He's certainly not doing anything that he could be doing to slow down the rise. There are reasons gas prices are at record highs rather than merely high. Transportation Secretary Buttigieg's leave of absence and the Biden administration's dismissive attitude during the supply chain crisis are two very big ones.

https://gamefaqs.gamespot.com/a/user_image/9/4/9/AABJX0AAC889.jpg

The whole point is to not repeat that

LMFAO

He's certainly not doing anything that he could be doing to slow down the rise. There are reasons gas prices are at record highs rather than merely high. Transportation Secretary Buttigieg's leave of absence and the Biden administration's dismissive attitude during the supply chain crisis are two very big ones.

Hey man, this literally didnt happen.

He stopped a pipeline from ever being built in the first place. A pipeline that was going through protected reservation areas. And it's something that has absolutely no baring on the situation we're going through right now.

Lol you guys blamed a fucking hurricane on Donald Trump

to appease the environmentalist wing of their party

Nobody did that.

Thanks Obama