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Jul 2 2022 08:44am
Quote (Black XistenZ @ 2 Jul 2022 14:09)
And last but not least, even the oil prices in China, a controlled economy in which the government has unfettered power to stop any price gouging, have the exact same trajectory:
https://i.imgur.com/v2Q02P5.jpg

It might be thinkable that there are corrupt forces in Western nations which prevent action against big oil price gouging, but why on earth should the Chinese government allow this to happen, considering that it hampers the economic recovery, reduces the wealth of its citizens and thus undermines the base of the CCP's power?



sources:
https://tradingeconomics.com/commodity/brent-crude-oil
https://tradingeconomics.com/china/gasoline-prices


so biden made even china's oil more expensive before even getting elected? damn...

and again, for the illiterate amongst us: two or more things can be true at the same time. aiming to break the ridiculous dependence on fossil fuel while also opposing obvious price gouging by record profit making, highly subsidised corporations.



the best part is that you don't even have to go through all those gymnastics because americans are too stupid to realise the truth anyway. republicans have already won on this, they prevented lower gas prices by voting against price gouging controls, and they will continue to blame biden, and it'll work because the majority of uneducated people simply don't care...
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Jul 2 2022 01:02pm
Quote (fender @ 2 Jul 2022 16:44)
so biden made even china's oil more expensive before even getting elected? damn...


Are you visually impaired? The charts show global oil prices starting to climb in November 2020, right after the US presidential election, before the covid vaccines were approved, before the post-pandemic recovery started to pick up pace.
But I guess in your little world, this has abso-fucking-lutely nothing to do with the fact that the guy who repeatedly vowed to "end fossils" became president-elect of the world's largest producer.

This post was edited by Black XistenZ on Jul 2 2022 01:04pm
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Jul 2 2022 01:03pm
Quote (Black XistenZ @ 2 Jul 2022 21:02)
Are you visually impaired? The charts show global oil prices starting to climb in November 2020, right after the US presidential election, before the covid vaccines were approved, before the post-pandemic recovery started to pick up pace.
But I guess in your little world, this has abso-fucking-lutely nothing to do with the fact that the guy who repeatedly vowed to "end fossils" won the election to become the next president of one of the world's largest producers.


record. profits.
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Jul 2 2022 01:08pm
Quote (fender @ 2 Jul 2022 21:03)
record. profits.


Record profits are not proof in and off themselves that price gouging is happening.

And again: oil prices have the exact same trajectory in China, where the government has zero incentive to let price gouging happen, plus the power to easily put a stop to it.

This post was edited by Black XistenZ on Jul 2 2022 01:09pm
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Jul 2 2022 01:15pm
Quote (Black XistenZ @ Jul 2 2022 12:08pm)
Record profits are not proof in and off themselves that price gouging is happening.

And again: oil prices have the exact same trajectory in China, where the government has zero incentive to let price gouging happen, plus the power to easily put a stop to it.


The relationships between crude oil and final gas prices is a valid concern of profit taking.
When you add the validated record profits lately. It pretty clear they are price gouging. I think they are in the process of making back the lost revenue from covid lock down
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Jul 2 2022 01:26pm
Quote (Black XistenZ @ 2 Jul 2022 21:08)
Record profits are not proof in and off themselves that price gouging is happening.

And again: oil prices have the exact same trajectory in China, where the government has zero incentive to let price gouging happen, plus the power to easily put a stop to it.


and oil prices have been higher before without these prices at the pump. what part do you not understand? is big oil interested in biden losing elections? of course they are, but that does not magically make those gas prices justified.

again: RECORD. PROFITS.
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Jul 2 2022 02:18pm
Quote (fender @ 2 Jul 2022 21:26)
and oil prices have been higher before without these prices at the pump.

It's almost as if refining capacities have not kept pace with global demand, and even shrunk nominally in 2021 according to the IEA. Logistics, insurance and such have also gotten more complicated and expensive as a result of the war in Ukraine, adding to the spread between the prices for crude oil and gasoline.

Quote
again: RECORD. PROFITS.

Not proof for price gouging without further evidence or arguments. For someone who LOVES to call other people's talking points "simplistic" as much as you do, it's surprising how hell-bent you are on this one.
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Jul 2 2022 02:25pm
Quote (Black XistenZ @ 2 Jul 2022 22:18)
It's almost as if refining capacities have not kept pace with global demand, and even shrunk nominally in 2021 according to the IEA. Logistics, insurance and such have also gotten more complicated and expensive as a result of the war in Ukraine, adding to the spread between the prices for crude oil and gasoline.


Not proof for price gouging without further evidence or arguments. For someone who LOVES to call other people's talking points "simplistic" as much as you do, it's surprising how hell-bent you are on this one.


one excuse after the other, one mental gymnastics exercise after the other, are you never tired of being such an obvious and dishonest little hack?



guess "refining capacities" have suddenly collapsed in march to justify the gas price remaining so high despite oil prices falling again.

RECORD PROFITS. PRICE GOUGING.

imagine shilling for big oil like that just because it's politically convenient to you. how pathetic...
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Jul 2 2022 02:41pm
Quote (fender @ 2 Jul 2022 22:25)
one excuse after the other, one mental gymnastics exercise after the other, are you never tired of being such an obvious and dishonest little hack?

https://i.imgur.com/Xybif2L.png

guess "refining capacities" have suddenly collapsed in march to justify the gas price remaining so high despite oil prices falling again.

RECORD PROFITS. PRICE GOUGING.

imagine shilling for big oil like that just because it's politically convenient to you. how pathetic...

I already explained that shipping routes, insurance and all this stuff has become a lot more complicated and expensive due to the political risks and uncertainty stemming from the war, the sanctions and the energy embargos.

And just for the record: gas (not: oil) prices since the start of the war are only a very minor piece of the larger inflation puzzle. It is you and your "side" which is engaging in deflection and mental gymnastics when you try to put all the blame for the soaring across-the-board cost of living, which has been ongoing for 12+ months, exclusively on oil companies and Putin.


You have also conveniently ignored my previous China argument: if gas prices were only high due to greedy oil corps engaging in price gouging, why has the CCP allowed this to happen?
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Jul 2 2022 02:47pm


thanks, obam... i mean biden!

Quote (Black XistenZ @ 2 Jul 2022 22:41)
I already explained that shipping routes, insurance and all this stuff has become a lot more complicated and expensive due to the political risks and uncertainty stemming from the war, the sanctions and the energy embargos.

And just for the record: gas (not: oil) prices since the start of the war are only a very minor piece of the larger inflation puzzle. It is you and your "side" which is engaging in deflection and mental gymnastics when you try to put all the blame for the soaring across-the-board cost of living, which has been ongoing for 12+ months, exclusively on oil companies and Putin.


You have also conveniently ignored my previous China argument: if gas prices were only high due to greedy oil corps engaging in price gouging, why has the CCP allowed this to happen?


ah yes of course, now we shift the conversation to inflation overall, which biden has caused as well - in the whole world. guess it helps to be entirely spineless to perform such gymnastics, huh?

here, she's used to explaining simple concepts to simple people, maybe this helps you:

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