Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Soaring inflation rate under the Biden administration
#37
(10-19-2021, 12:45 AM)RAM-A-DEVIL Wrote: We were never energy independent. The Saudi’s have cut production. Maybe if we let them get away with murdering another journalists with American citizenship they will pump more oil. As far as fracking goes every time we start fracking the saudis flood the market with cheap oil and put the frackers out of business. Cost way more to crack than it does to just pump it straight from the ground. Gas prices were cheap because of the pandemic and the country was shutdown and oil supply went through the roof because of lack of demand. Country opened back up and demand went back up.
We became a net petroleum exporter in the 4th quarter of 2019 before the pandemic took hold. Biden has taken us back to the position of begging OPEC to increase their oil production because production has fallen under his "leadership." That is not an opinion, it is a fact.
Messages In This Thread
RE: Soaring inflation rate under the Biden administration - by Hoot Gibson - 10-19-2021, 07:45 AM

Forum Jump:

Users browsing this thread: 1 Guest(s)