1So when Biden is President oil companies are able to control the price of fuel, and push it upward so they can make more profits.
2Biden has nothing to do with the increase.
But again, that is not why gas has gone up. The(y) make more money when prices are high so all the regulations do NOW is take a little off their record profits.
3But when Trump was President oil companies didn't artificially inflate prices to increase prices.
4In fact they couldn't because Trump "conned" the Saudis into upping oil exports to get the price lower.
5In other words, Trump was able to affect the price of fuel when he was President, but Biden can't.
Do you even get tired of twisting yourself into a pretzel making contradictory arguments to support this destructive regime, arguments so see through and flimsy that a small child could pick them apart?
1)Oil companies can't control oil. Why do you say that? If they could it would always be $200, or $500. That is silly. They are taking advantage of high prices and not shooting themselves in the foot by increasing production.
2)Biden has some impact, but not near as much as you guys have tried to infer. The XL, ha ha. Rigs dropping, nope. Production dropping or killed it, its going up.
The thing I can agree with is that his EPA regulations has a slight impact on production costs in the US which can influence some drilling.
3)Oil companies are not now nor do they really have much power to artificially inflate prices. At least not the amount they are right now and now its not artificial.
4)No, I believe all three of us believe that Trump made a mistake in convincing Saudi to raise exports in 2019.
Me, 921 and the article I posted about it seem to all concur.
5)Trump affected prices by convincing Saudi to increase exports and allowed Iran to continue to export oil when the oil supply was already high, which sent oil prices diving. Biden has asked OPEC to export more but they did not react to him. So no he could not do it. If Biden had convinced them to export more it would have had a positive affect on oil prices, I believe.
Biden, nor Trump can affect the oil supply as much as you guys keep inferring. Stay in the lane and talk about the details and it makes sense.
Or, why did oil rise as fast under Obama as it did under Trump? Simple supply and demand.