How did biden raise prices in Australia and nz? I mean bp specifically ended a 30 year deal with Russia and thus had to raise prices, damn that biden!

The democrats have been blocking the construction of new pipelines and refineries for decades. Biden has been a DC swamp creature for decades. Biden has willingly supported the party doing this to you. And he openly hopes the crisis gets worse to push us to fossil fuels.

The United States are one of the world's biggest producers of crude oil. If their production doesn't keep up with demand, say because a new administration came in which has publicly stated numerous times that they want to "end fossils", then that will have an impact on the entire global oil market.

Oil prices hadn't come down from their 2012-2014 high during the period from 2014 through 2020 because of some miracle, it was due to the fracking boom in North America. After this boom was ended by the covid-recession in early 2020, the industry didn't recover - and why would it, considering that the government is openly hostile to this industry? Why would anyone risk his capital by investing in the reopening of rigs in such a political climate? Also note that the charts I posted show the oil price soaring right after the 2020 presidential election, long before vaccines were approved, long before it had become obvious that the worst of the pandemic was over and the economic recovery could commence.


On top of that, OPEC is exploiting the squeeze on the world market due to the post-pandemic recovery and the lack of US production - having a president in the WH whose phone calls aren't even picked up in Riyadh or Abu Dhabi doesn't help in such a situation. And god knows if Putin would have even pulled the trigger on Ukraine if Biden hadn't projected such massive massive weakness on the global stage with the botched withdrawal from Afghanistan, where US troops were essentially forced to flee with their tail between their legs. Or if fossil markets hadn't been running so hot, increasing Putin's revenue and leverage.

This post was edited by Black XistenZ on Jul 2 2022 07:17am

the amount of gold there is greatly exaggerated though, no ground on the planet has even remotely that amount of gold per 1000kg of ore

still good for them

So all the republicans needed to do was get a mandate, they failed i guess.

Juicy data

No. We havent built a single oil refinery since 1977. the problem is that democrats turned hostile to oil in the 1970s. Any time a democrat president is elected, he or she will make sure there are ridiculous regulations on oil refineries dissuading the private sector from building them. Because we keep bouncing back and forth between democrat and republican presidents, the risk is too great. The only way to fix it is to stop electing democrat presidents.

Those that were reliant on Russia's supply are buying from asia and those that were buying from Asia and Middle East are now competing with Russian reliant countries.
Its more complex then that the energy cartels are also hiking the prices up because they can. Basic supply and demand mixed with good ol fashion greed. Which Australia is mostly reliant 90% I believe

America is partially reliant on oil imports however Biden and dems had direct impact on not being reliant. The pipeline cancellation among numerous lobbying not to utilise its own reserves which there are more then enough which would be cheaper and easier to extract. This has been going on for years. The stubbornness and intentional swamp demon pulling of strings has direct impact on US prices.



Exactly right dems have been by its very policy pushing US to invade middle east and other oil reserves to meet its requirements. Policy making has indirect/direct consequences you cut off supply from here by very nature the country is forced to seek it elsewhere

This post was edited by addone on Jul 2 2022 02:54pm

no photoshop, just left-wing