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nuerow | 4 years ago
I'm not sure if you're just expressing your personal concerns over what you believe can hypothetically happen, or whether you're grossly misinformed.
Meanwhile, even though gas prices are breaking records all over the world, in the US they are still below the prices from 2010, back in the days no one in the US was concerned about gas prices because they were 3 times higher a couple years back during Bush2's presidency.
unknown|4 years ago
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unknown|4 years ago
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rsj_hn|4 years ago
So do you have an argument to make, or just a stream of ad hominem followed by smoke and mirrors?
You point out that oil and gas prices are high all over the world with a price gap between gas prices in the US and the rest of the world -- because gas is shipped overseas in LNG form and it's a separate market, thus there is generally a gap between world gas prices and domestic gas prices -- to address this we do things like build pipelines from cheap gas countries (like Canada) to other countries and we build more liquefaction plants. But you take this price gap as some sort of vindication of U.S. policy, that perhaps Biden is keeping gas prices low?
So let me spare you the trouble. The facts that Biden has restricted Oil and Gas drilling, cancelled one pipeline and is about to cancel another, and is trying to discourage oil investment by taking away the investment tax credits from this industry -- these increase gas prices, and gas prices have been increasing. Just not as much as in other parts of the world. That is true even if there is there is structural gas price gap vis-a-vis the rest of the world and even if prices are not at the level they were before the fracking revolution caused them to tumble and be truly affordable to many.
dang|4 years ago
nuerow|4 years ago
I already did. You made an unsubstantiated claim, and I pointed out your personal assertion was wrong and baseless, and provided a time history of gas prices as evidence, including the fact that not so long ago they were over 3 times higher than the current market price.
If you have a problem with the facts feel free to point out what exactly leads you to believe that justifies the discrepancy between your personal beliefs and the facts.