Quote:
Originally Posted by Trisky
What does any of that have to do with my question about the current moment and what mechanisms are affecting oil and gas prices by this administration right now?
Materially speaking what specific thing is this administration doing that is causing an uptick in prices?
Though it's comforting to know that in addition to every other subject under the sun you are a self proclaimed subject matter expert in this area as well and the rest of us dummies should be thankful to be in your presence.
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I answered your question and it's telling that you still dont understand what's happening. It's not a secret. The Biden admin itself has pointed fingers at the "culprits".
I'll lay it out once again.
When entire countries/regimes (many of which aren't our allies) rely on oil and gas exports to effectively exist and our politicians threaten their existence in the long term but have no short term leverage, we get what we're seeing now. It also doesn't help that many of these countries don't fear/respect Biden's response (bc there effectively isn't one).
The Biden admin is full of morons who only know how to play domestic race politics. You really think Kamala Harris, Tiny Blinken, Jake Sullivan, etc. Have the wherewithal to play this game against Putin, MBS, the Iranians, and the Chinese?
I was no fan of Trump but at least I could trust him to play a competent game against our adversaries (mostly bc he was a nutcase and our adversaries couldn't predict him). The Biden admin are a bunch of imbeciles who only know how to play domestic race politics
Kamala Harris literally fellating her way to the top doesn't help in situations like this and it shows.
For the last 11 months the Biden admin has backed itself into a corner without even knowing it and got played by OPEC+.