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REPORT ABUSIVE REPLY
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Message Subject
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Nationwide gas prices sky rocketing since Biden elected
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Poster Handle
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Anonymous Coward |
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Post Content
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Take 4 million barrels per day of oil production off line in Texas and Oklahoma because of cold weather plus refinery shutdowns because of both cold weather and a lack of crude and what do you expect?
Sorry Biden had nothing to do with it. Supply /Demand was the cause, specifically a lack of supply of crude oil.
Not every price swing in the markets is caused by politics ... sometimes it is Adam Smith at work.
Quoting: Anonymous Coward 79096761 No, there are reserves at the refineries that flatten the supply spikes. This reaction is definitely political. Some of the largest oil refineries in the U.S. were forced to shut down Monday as a historic Arctic freeze upended energy markets and led to widespread power blackouts across Texas. The largest oil refinery in the country, Motiva Enterprises, said freezing temperatures were behind the decision to “safely and methodically” pause operations in Port Arthur, Texas.
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