I paid $2.69 for gas today!

[Geeko Sportivo]

Drill baby drill. We should be producing 16.5 million barrels a month by now if oil production had grown at the same rate it did during the Trump administration.

The Biden administration has outpaced the Trump administration when it comes to crude oil production, with the United States now producing more crude oil than at any other time in history at 13.2 million barrels a day, the U.S. Energy Information Administration (EIA) said.

The second-highest crude-producing week in the U.S. was during the week of March 13, 2020, at the beginning of the COVID-19 pandemic, when 13.1 million barrels were produced under former President Donald Trump. When President Joe Biden took office in January 2021, the U.S. was producing 11 million barrels.

When former President Barack Obama took office in January 2009, the U.S. was producing around 5 million barrels of crude oil.

The U.S. is the largest producer of crude oil in the world, followed by Russia with 9.3 million barrels per day and Saudi Arabia with 8.94 million barrels per day. The U.S. became the largest crude oil producer in the world during the Trump administration in 2018.

The increase comes amid production cuts by Organization of Petroleum Exporting Countries (OPEC) members over the past year. According to the EIA, concerns about slowing economic growth reducing worldwide demand for oil have pushed crude oil prices down. Gasoline prices have also fallen in general across the country.

https://www.newsweek.com/united-states-producing-more-crude-oil-biden-trump-1846864

 

[Poor Richard Saunders]

And I would be correct again.

Over 18% since Biden entered office.

The year over year inflation rate since Biden took office is 18%?

Is math hard for you? Or are you getting dementia?

https://www.usinflationcalculator.c...and-annual-percent-changes-from-1913-to-2008/

 

[ExpressLane]

The US is pumping more oil today than they ever did under Trump.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M

Are you going to blame Biden for that too?

By a few hundred thousand barrels and if the Biden had increased production at the same rate as Trump did we would be producing over 16.5 million barrels a month not 13.25

 

[Geeko Sportivo]

So you're saying that Jarod thanking Biden in the OP for lowering gas prices is a pile of horseshit. Hey look at you and me agreeing on something.

Presidents don't have much effect on Oil Prices.

But, I was asking Top to tell us what she would do to bring the prices down on everything!

She offered up no answer, OF COURSE!

 

[Poor Richard Saunders]

By a few hundred thousand barrels and if the Biden had increased production at the same rate as Trump did we would be producing over 16.5 million barrels a month not 13.25

OMFG.
You are completely delusional.

Production under Biden has gone up more than a few hundred thousand barrels.
Math seems to hard for you.

Jan 2017- production - 8874
Jan 2021 - production - 11137 (Increase of 25% in 4 years)
Sept 2023 - production - 13236 (Increase of 19% in 2 years, 9 months)

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M
It seems you have decided to live in a completely different reality.

If you want to get really into the weeds and look at weekly production then Trump only had an increase of 22% from the 4th week of Jan 2017 to the 4th week of Jan 2021 and Biden has had an increase of 21% in less than 3 years.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W

You are clearly delusional since the actual production numbers show your claims to be completely false.

 

[ExpressLane]

The year over year inflation rate since Biden took office is 18%?

Is math hard for you? Or are you getting dementia?

https://www.usinflationcalculator.c...and-annual-percent-changes-from-1913-to-2008/

My bad I was off by 0.6% but then again this article was published in September 2023 so sue me

Since President Biden took office, prices have increased cumulatively by 17.4 percent, while hourly wages have increased only 13 percent. In looking at the past seven presidents, only Jimmy Carter had a bigger inflation rate, 26.2 percent, at a similar point in his presidency. For the past four presidents, their Presidential Inflation Rate was in single digits, and, specifically, Biden’s PIR is triple that of where Donald Trump (5.6 percent) and George W. Bush (5.4 percent) were at this point in their first terms.

 

[Yakuda]

Presidents don't have much effect on Oil Prices.

But, I was asking Top to tell us what she would do to bring the prices down on everything!

She offered up no answer, OF COURSE!

That's easy. Cut the size of govt in half and reduce everyone's tax burden accordingly. Gas is even easier. More domestic production. We don't need opec or anyone else. More nuclear would lower the cost of electricity. Want enough power for EVs? Nuclear.

 

[Jarod]

That's easy. Cut the size of govt in half and reduce everyone's tax burden accordingly. Gas is even easier. More domestic production. We don't need opec or anyone else. More nuclear would lower the cost of electricity. Want enough power for EVs? Nuclear.

So what would you cut?

Review the percentages of what the money goes to...

https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/

 

[Poor Richard Saunders]

My bad I was off by 0.6% but then again this article was published in September 2023 so sue me

Your bad?
Your stupid would be more like it.
A cumulative over several years is NOT the same thing as year over year.
You claimed it was 18% year over year would would result in over 60% over 3 years when compounded year over year.

You weren't off by a few percent. You were off by a factor of over 3.

 

[ExpressLane]

Your bad?
Your stupid would be more like it.
A cumulative over several years is NOT the same thing as year over year.
You claimed it was 18% year over year would would result in over 60% over 3 years when compounded year over year.

You weren't off by a few percent. You were off by a factor of over 3.

I said year over year SINCE BIDEN TOOK OFFICE YOU FUCKING MORON. That is 17.4% as of Sept 2022. Are all Democrats as STUPID as you?

 

[Into the Night]

I paid $2.69 for gas today! Thank you Joe Biden!

Is that what a siphon costs now?

 

[Into the Night]

So supported American's paying higher gas prices as long as Iran, Venezuela and Russia were shut out of the market?

They are not and never were shut out of the market.

 

[Poor Richard Saunders]

That's easy. Cut the size of govt in half and reduce everyone's tax burden accordingly. Gas is even easier. More domestic production. We don't need opec or anyone else. More nuclear would lower the cost of electricity. Want enough power for EVs? Nuclear.

Social Security, interest on the debt and national security make up almost 60% of the government spending. Are you proposing we cut the military by 2/3 or are you proposing we default on our debt or just stop paying SS?

We currently have the most domestic oil production ever in the US and are producing more than we use. We are at an all time high for exporting product that we aren't using here.
https://www.bloomberg.com/news/arti...l-exports-are-weighing-on-global-crude-market

The timeframe to build a nuclear plant is probably minimum of 3 years and the costs are not going to bring electricity costs down since the cost to build the plant would drive prices up.

 

[Into the Night]

Gas is coming down, in part, because US oil production is at an all-time high. I assume that Biden will be given credit for both since he was blamed previously, right?



Record U.S. oil production is pushing prices down
U.S. oil production has touched new record highs in recent weeks

https://www.axios.com/2023/12/05/us-oil-production-record

Biden didn't cause fuel prices to come down.
He DID cause them to rise though, at least until the court threw out his executive order.

 

[ExpressLane]

So what would you cut?

Review the percentages of what the money goes to...

https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/

OMG.. you are a complete moron.

Production under Trump went up 25% over 4 years
Production under Biden has gone up 19% in 2.8 years. (On pace to exceed Trump's 25%)

Why are you so delusional? Are you off some doctor prescribed meds?

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M

Trump's oil production didn't go up 50%.

No it went from 8.874 to a high of 13 million that is an increase of 48% over where he started not 25% you moron. man you are moron.

 

[Poor Richard Saunders]

I said year over year SINCE BIDEN TOOK OFFICE YOU FUCKING MORON. That is 17.4% as of Sept 2022. Are all Democrats as STUPID as you?

There would be at total of 3 year over years SINCE BIDEN TOOK OFFICE YOU FUCKING MORON.
Are you really this stupid?
You didn't see 3 years over 3 years. You said year over year for 3 years.

What Is YOY Used For?

YOY is used to make comparisons between one time period and another that is one year earlier. This allows for an annualized comparison, say between third-quarter earnings this year vs. third-quarter earnings the year before.

https://www.investopedia.com/terms/y/year-over-year.asp

 

[Poor Richard Saunders]

No it went from 8.874 to a high of 13 million that is an increase of 48% over where he started not 25% you moron. man you are moron.

Trump wasn't President for 4 years?

You seem to be the one that is a moron.

 

[Lionfish]

Look at all these clowns complaining about low gas prices... They were screaming and blaming Biden when it was high. Proof they have no basis other than saying whatever it takes to claim "Biden - Bad".

Who is complaining about LOW prices? We haven't heard that LOWER word in three years.

 

[Into the Night]

To clarify, my point wasn't that Biden deserves credit. My point was that he deserves neither blame or credit. He can barely navigate on/off a stage without ending up hospitalized. There's no way he can impact oil prices.

He deserves the blame. He signed the executive order (or you can blame who controls Biden, which is Obama).
That executive order was later thrown out by the court, and fuel prices have come down somewhat as oil companies can drill new sites again.

Biden caused fuel prices to rise, but did not cause them to fall.

 

[Into the Night]

I do both... and only charge while I am asleep at home.

So you will be asleep when the EV in your garage catches fire and burns down your house.