Policy question: Inflation

An Orange Cat said:
Thank god because the KXL pipeline would have increased the price of shale oil to that of sweet crude, costing US consumers as much as $5B annually.
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Concart said:
That is political garbage from a right wing website. It does not have any relevance to the question I asked in the OP. You posted rhetoric from the Heritage Foundation, the authors of Project 2025. This is not a political question, it is an economic question. You appear entirely unable to detach yourself from rhetoric and give an actual, thoughtful answer. Grade: F
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If you read the Heritage Foundation, you'd be less of an insufferable, lying moron. :palm:
 
Nordberg said:
Our move to oligopoly was accelerated during the age of acquisitions and mergers. We watched the wealthy bankers consolidate their power and wealth. There were Hollywood movies about what was so obvious and what the people involved were like. It was an ugly era that is still going on in the background.
Our hospitals are being bought up and merged. That is why rural health care is difficult to get. The hospitals do not see enough profit in them. Who gets hurt? Not the wealthy.
Our grocery stores have been gobbled up. Kroger and Albertsons are trying to merge. Biden has stood in the way. Trump will not.
www.cspinet.org

Merging grocery giants threaten Americans’ food security

Here’s what you should know about grocery store mergers and acquisitions: Fewer grocery stores, higher food prices, and lost jobs.
www.cspinet.org www.cspinet.org
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Truth Detector said:
Once again, for the idiot class, it is who is in charge of Congress that runs up the debt halfwit. Look at Congress to see who the REAL big spenders are.

Carry on shit-for-brains. No wonder you vote for Democrats, you're ignorant, uneducated, gullible and like being gaslighted. Most likely your ugly too. :laugh:
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Truth Detector said:
We do not permit oligopolies and monopolies. Try again dimwitted wonder dunce.



What industry has become one, other than Government?
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of course we fucking do.

I'm here to keep you honest, neocon.

google is one.

and cartels are aplenty.

they price fix and collude all fuckng day, and the politicians get their cut.

this is why we're technically fascist.

in fact, it's the corporate interests that are most set on globalization fanaticism.
 
Concart said:
During Trumps news conference he claimed that the cost of oil had caused the spike in inflation.

Question: How will a policy of more drilling impact the price of goods and services. To what extent does an increase in oil/energy costs impact the cost of goods.

Please be specific regarding your claim and cite sources. Please state specific numbers.
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The traditional rules of economics do not work in our current situation. Our government gives huge amounts of money to pay the oil companies to produce oil. Then they artificially increase the price of petrol products because they own a monopoly. If they see it to their advantage to charge more, they do, the price is not based on supply and demand but on the present ability to get people to pay and their gage of public sentiment.

If the oil companies get the people to believe the price is justified, and keep them from getting the biggest player, the government, from forcing them to lower prices, they will not do it. They would rather produce less oil and charge more for it, than produce more and charge less.
 
Blackwater Lunchbreak said:
and because there are speed limits there's no speeding either.

don't insult me with your dipshitted arguments, neocon.
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You dipshit, just because companies attempt to get away with things doesn't make the law useless.

My statement was simple, yet beyond your tiny mentally disturbed comprehension, we as a nation, do not permit monopolies or oligopolies and when discovered, prosecute them and break them up. History is your friend half-witted wonder dunce. :palm:
 
Truth Detector said:
You dipshit, just because companies attempt to get away with things doesn't make the law useless.

My statement was simple, yet beyond your tiny mentally disturbed comprehension, we as a nation, do not permit monopolies or oligopolies and when discovered, prosecute them and break them up. History is your friend half-witted wonder dunce. :palm:
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the law is de facto, unused.

and if it was used you would call it socialism.
 
Jarod said:
The traditional rules of economics do not work in our current situation. Our government gives huge amounts of money to pay the oil companies to produce oil. Then they artificially increase the price of petrol products because they own a monopoly. If they see it to their advantage to charge more, they do, the price is not based on supply and demand but on the present ability to get people to pay and their gage of public sentiment.

If the oil companies get the people to believe the price is justified, and keep them from getting the biggest player, the government, from forcing them to lower prices, they will not do it. They would rather produce less oil and charge more for it, than produce more and charge less.
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price fixing is a bad remedy.

i
 
Jarod said:
The traditional rules of economics do not work in our current situation.
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:lolup: Mentally disturbed, leftist liar thinks he knows economics. :laugh:

Jarod said:
Our government gives huge amounts of money to pay the oil companies to produce oil. Then they artificially increase the price of petrol products because they own a monopoly. If they see it to their advantage to charge more, they do, the price is not based on supply and demand but on the present ability to get people to pay and their gage of public sentiment.
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This is nothing but a massive pile of unadulterated bullshit.

Jarod said:
If the oil companies get the people to believe the price is justified, and keep them from getting the biggest player, the government, from forcing them to lower prices, they will not do it. They would rather produce less oil and charge more for it, than produce more and charge less.
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Educate yourself before bloviating ignorantly.
What makes up the price of a gallon of gasoline?

Crude Oil makes up about 57% of the price of a gallon of gas.
Taxes come next at about 16%
Refining takes about 14%.
That leaves 13% for distribution and marketing.

www.statista.com

U.S. gasoline price breakdown by cost 2024 | Statista

Gasoline prices in the U.S. are mostly determined by the price of crude oil. In 2023, crude oil prices accounted for 50 percent of regular gasoline fuel prices.
www.statista.com www.statista.com

Gas Prices - Who Makes Money Selling Gas?

November 12, 2021 Most people think convenience stores and gas stations make a lot of money selling gas—and even more money when prices rise. In fact, a stunning 45% of drivers think that retailers make at least $2 a gallon in profit per gallon, according to a NACS consumer survey.
www.theautochannel.com
 
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