General Discussion

haele

(12,652 posts)

34. The price of oil is one thing, the price of gas is another.

Tue Jun 7, 2022, 05:06 PM

Jun 2022

Besides, the price of oil per barrel list not the highest it's been, despite sanctions and oil producers continuing to keep production at near COVID levels just because they can.
Yes, billionaires can affect the price of both oil and gas.
They don't live in isolation, they all pretty much know each other, hang out with each other at private locations provided by financial facilitators like the late Jeffery Epstein.
What's wrong with a little chat about reducing oil or gas production to drive up prices, tweek with regulations, and increase profits between friends and peers after all?

Haele

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I know when gas prices will drop [View all] newdayneeded Jun 2022 OP

And the stock market will level off Beachnutt Jun 2022 #1

This message was self-deleted by its author Chin music Jun 2022 #2

Who needs to think when Fox News can do it for you? Initech Jun 2022 #4

All corporate media. rubbersole Jun 2022 #6

It is not just that the media is itself corporate, it is more that the big advertisers leverage Dustlawyer Jun 2022 #12

Actually it's both FoxNewsSucks Jun 2022 #22

It always happens that way doesn't it. It is a constant battle but fight we must. walkingman Jun 2022 #3

It will keep getting worse and worse TheRealNorth Jun 2022 #5

UK took care of this problem RainCaster Jun 2022 #7

We could never get that passed Beachnutt Jun 2022 #10

You think the war will last that long? Fla_Democrat Jun 2022 #8

Beware of believing all the war rumors. former9thward Jun 2022 #23

I'm just going off what I read here. Fla_Democrat Jun 2022 #38

I know. former9thward Jun 2022 #40

How long were they in Afganistan?? A decade or so?? Bengus81 Jun 2022 #35

But, Afghanistan didn't have Fla_Democrat Jun 2022 #39

When the war on Ukraine ends. iemanja Jun 2022 #9

Except billionaires don't control the price of oil...neither do oil companies EX500rider Jun 2022 #11

+1 ProfessorGAC Jun 2022 #15

Interesting dpibel Jun 2022 #16

I Read It Differently ProfessorGAC Jun 2022 #24

I think Biden newdayneeded Jun 2022 #25

Yep. Barrel prices have often been at $100+ without pump prices being $5+/gallon. nt allegorical oracle Jun 2022 #30

It's Over $5 Retail Here ProfessorGAC Jun 2022 #33

False, the oil companies can cap their margins to keep gas prices low they don't have to take uponit7771 Jun 2022 #28

It is not false that they do not set the worldwide price for a barrel of oil EX500rider Jun 2022 #31

Gas, as I mentioned, is sold from the company and not on market. They can cap those prices uponit7771 Jun 2022 #37

The price of oil is one thing, the price of gas is another. haele Jun 2022 #34

They won't drop the day after the repugs take the majority dweller Jun 2022 #13

Hopefully president Biden will VETO. jimfields33 Jun 2022 #14

The Biden administration can also do something about it, there must be some legal recources Escurumbele Jun 2022 #17

As I posted before this is how they got. rid of Jimmy Carter broiles Jun 2022 #18

This message was self-deleted by its author broiles Jun 2022 #19

Big business Rebl2 Jun 2022 #20

too much pessimism nt RussBLib Jun 2022 #21

Not pessimism newdayneeded Jun 2022 #26

Exactly. The petroleum industry prefers Repugs because they "drill baby drill." All it takes to allegorical oracle Jun 2022 #27

Predatory Capitalism is alive and well. Nobody cares, Republicans sing blame Joe. Emile Jun 2022 #29

Me too, when pwb Jun 2022 #32

I totally agree. The fat cats want the GQP in power. I suspect that's also why Saudi Arabia Vinca Jun 2022 #36