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Biden sure likes to remind us how gas has come down under him BUT it had also reached an all time high when he took office and we are still on average $1 more per gallon than we were with Trump in charge.
Oh well, so where is all that extra energy going? My guess would be Ukraine with 10% back to the Big Guy. Ukraine is getting everything else so why not our extra energy too?
We have NEVER had energy prices this high. I'm paying 5.50 for diesel STILL. My house utilities are far more expensive than they have ever been. Who is fooling who here? People that live in E County that have to use AC now have bills over a grand a month.
While Trump was president Saudi Arabia was fighting a price war with just about everyone else, pumping at capacity, this was intended to cripple other country's oil drilling industries. The US industry was one of their targets, as was Russia and the North Sea and Venezuela. It made gasoline worldwide pretty cheap while this went on.
The low prices crippled the US oil drilling industry, as expected. Hundreds of wildcatters and independent producers went out of business. Their assets were picked up at discounts by the Big Oil companies, who strengthened their grip on the jugular of our economy.
It is well known that energy cost is a prime driver of inflation, and MAGA's friends in the oil industry have been making astonishing excess profits lately while we all suffer.
We have NEVER had energy prices this high. I'm paying 5.50 for diesel STILL. My house utilities are far more expensive than they have ever been. Who is fooling who here? People that live in E County that have to use AC now have bills over a grand a month.
We pay about $3.40.
You want to standard answer? Move elsewhere.
You choose to line in one of the most expensive areas in the nation, so it is what it is.
While Trump was president Saudi Arabia was fighting a price war with just about everyone else, pumping at capacity, this was intended to cripple other country's oil drilling industries. The US industry was one of their targets, as was Russia and the North Sea and Venezuela. It made gasoline worldwide pretty cheap while this went on.
The low prices crippled the US oil drilling industry, as expected. Hundreds of wildcatters and independent producers went out of business. Their assets were picked up at discounts by the Big Oil companies, who strengthened their grip on the jugular of our economy.
It is well known that energy cost is a prime driver of inflation, and MAGA's friends in the oil industry have been making astonishing excess profits lately while we all suffer.
The steady increase in US petroleum production mentioned in the article started in 2005 with the Bush-era Energy Policy Act that restricted ways in which the EPA could regulate fracking.
Economic markers are more complex than claimed and always used dishonestly to make political gain.
energy independence under trump vs energy independence under biden admin.......
Under Trump the cost of gasoline was low. No one was dipping into their saving to fill up the gas tank.
SOR was filled with cheaply purchased oil. Dems blocked further purchase of cheap oil.
We began to profit from selling oil, were on the brink of cornering the Euro energy market, cutting into Putin's profits and hamstring his ambition to claw back ukraine. Saudi and ME oil influence on the energy market was blunted.
We extricated the US from involvement in the ME's never ending turmoil and oil price blackmail. We did not have to beg for Saudi and Venezuelan dictator's dirty oil, detrimental to the environment.
Emissions were trending down and led the world in that regard.
Theoretical energy independence under biden admin crushed the cornerstone of the economy and in a run away cascade of energy costs, impacted everything downstream, transportation costs soared, goods and supplies cost more to produce and were in short supply.
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