declare an emergency for what? when he declares emergency what happens?

It does not specify within the bill but this is my exact point. What does happen when there is a declaration of emergency over an inflated market? I do not trust this administration to make good decisions. One of the biggest reasons for the record profits and “price gouging” is our president declaring he will upend the oil industry altogether. In a highly speculative market this is going to royally fuck the consumer, because these companies are being told within a few years they will make zero. Obviously, zero is an exaggeration but you understand what I am saying hopefully.

so? since biden/wef is telling the oil companies they only have a short time left they are gouging to make money while they can?

While there is oppeutnitiy for gas and oil companies to leaverage the current state of the economy due to global affairs there's no denying that many industries are doing the same which causes all input and overhead costs to increase.

Ill take an anecdotal example but relevant I think. I manage a small real estate portfolio of around 100M. Our insurance costs on residential property has increased over 50% since COVID with no insurable events, this is driven by both a premium rate increase and the replacement cost per square foot of buildings. Our R&M costs have increased over 30% due to an increase in material and labour costs. Heating fuel has skyrocketed. W&S, and hydro has increased significantly, almost every cost has gone up.

I have leases that are gross leases that have been in place for 5-10 years. Sorry you're rents going up by 50-60% now after this lease is up or we're going to hemorrhage money.


Another example, I manage a blasting project. Labour input costs have increased over 30%. I can't get people to work for what they did in 2019, not even remotely close. Another project is a drilling, cant source skilled labour at the rates established in a contract pre-covid.

I'm sure oil and gas is facing the same cost and labour challenges and its translating to a significant increase at the pumps, couple that with their opportunity to leverage the current state of affairs and you have quite the increase to the end consumer.

This post was edited by SBD on Jul 5 2022 08:07am

That is basically what I said yes.

It does specify exactly what happens to gas prices, you know those things u say are hardly a part of the bill.

i'm against a creep in presidential power too, you're just being willfully obtuse because you were hyperbolic and now you're doubling down.

u said gas prices were hardly a part of the bill, and eluded to the bill being a pork barrel that was named incorrectly to get a headline that the GOP is voting against a bill that has nothing to do with its title.

that happens in politics, "Democrats vote against the Election Security bill" and such, when the bill may be total crap not having to do with security. or the infrastructure bill that was shit and only like 50% for roads and utilities.

this isnt the case here, and you're just refusing to say you were wrong. its an overreach of the executive office, it likely wouldnt work, and i dont support it. but you're still wrong, the entire purview of the bill is gas prices. top to bottom its entire reach is on gas prices in times of crises, just as the title says. the POTUS being the one who makes the call doesnt change that.

now que a rant about how you're not wrong, im sure you'll add a lot of new cool stuff that doesnt change anything i posted.

What rant are you expecting? My position remains unchanged. The main focus of the bill was allowing the president to declare emergency. The wordy part of the bill defines what circumstances will allow for this emergency to be declared.

Are you saying I am wrong because the bill literally uses more words (like actual word count) while describing the activities that will be defined as price gouging as opposed to what actions may be taken? I am glad we agree on certain things but you are reaching to tell me I am objectively wrong.

this statement is what the bill is, unless u disagree with this: "the bill allows the president to declare a state of emergency, and control prices in stated emergency on gas".

and somehow your take-away is that the bill has "very little to do with gas prices". those were your words, and they're specifically what i have disagreed with. the bill is remarkably short for congress, only like 1 page, and every single line is related to gas prices. top to bottom gas prices are featured in the bill.

the bill can foolishly seek to expand presidential power and still be related heavily to gas prices. u seem stuck on that point. this does give the president a new fancy power, and that power can only be used on gas prices. he cant freeze rents in a time of crises, he cant freeze student loans with this bill, he cant even stop price gauging on food or water. this bill only relates to gas prices, top to bottom. "very little" was hyperbolic and incorrect.

Refer to post #8977 my position has still not changed. I do not with to play word games with you in a game on “I am right, you are wrong”. I see where we agree and disagree. Thank you.

my first post to you made it precisely clear that my only issue was the exact words you used, you defended those words semantically, now say the words dont matter, only the message.

next time just admit you were being hyperbolic not literal, rather than pretend you were literally right then abandoning your own words. you took a kneejerk reaction and it didnt pay off, happens to us all, but doubling down on wrong is never a good look.