This Question Got Buried In Another Thread, So I'll Ask Again

Biden is begging for lower prices and increased production...he has us dependent, if not, he would not be showing the world how weak he is by begging...his policies are failing..

Get a clue. It's obvious you are in way over your head on this topic.

The U.S. is still an energy net exporter and independent. This is facts and not debatable. 

Despite your nonsense about Biden begging or whatever you are trying to say. Matters very little.

Did biden ask for more production ?  His policies are failing.  If we were independent then he would not have to ask .  

Who cares what Biden asked? Do you know how to read a report or data? The U.S. remains energy independent, and you look quite foolish on this topic because you don't know what you are talking about. The U.S. has been a Net exporter of energy every year of Biden's presidency (MEANING ENERGY INDEPENDENT). It doesn't matter what Joe Biden asked another leader. 

It's clear you do not know what energy independent or dependent means, which isn't all that surprising. Just spewing your nonsense. 

@Midnight1

 props to darkness here for even opening up a "dialogue"... I'm sure Kelly & Foops will be rushing to share their eDUcAtEd thoughts on the subject matter 

someone who "gets it" right here 

fun game we have here, I'd like to play....  

"bring down gas prices" you say??

"deal with inflation"  GOP with the answers this election cycle you say??  

Hahaha 

Depleting your Country's Strategic Oil Supply....key the word strategic there...  If Trump or any other GOP political dummy were to DRAIN this Country's "savings bank of oil" in preparation for an upcoming election cycle (purely political move) then they should get the same backlash as the current Admin is getting.  That said, it is still above 50% and estimates are current reserves can be replenished within two years.  Now that says nothing about if it continues to be drained.  

As far as GOP dealing with inflation....get your popcorn ready cause I can't wait to hear either side come out and say something that is remotely realistic to work.  

Here is one simple fact, regardless of what you hear from any politician this Fall or next two years:  

Once the inflation rate (8+%) exceeds the Federal funds rate (currently high 3% with 4.75% expected for 2023-24) NEVER has the inflation rate been reduced without the Federal funds rate exceeding.  So that 8% number will not see the current 3.5% or even the expected 4.75% number until FF rates exceed the ongoing rate of inflation.  All the FED can do is try and squash the "demand" or in this case, squashing employment of the consumer.  The FED has plainly stated that 3.5% unemployment is way too low and until they see something "break" they will continue to raise rates.  How fast or how slow will be on them but guess what, shit is gonna break and I don't care what party is in "control" they are gonna feel it.  2008 GFC ??  Kids play to what is coming....

So what can be done??  Not much but I'm open to any and all ideas.... I say just let it play out, this is the end of a super cycle that should've been allowed to play out before the great bailouts of 2008-09.  Are markets going to crash? yes.  10% unemployment?  yes.  401k and retirements wiped out?  yes.  That is what is needed and that is what is coming.  

Time to reset the system boys and girls and it's not gonna be pretty.  Hopefully between now, the crash and the recovery;  some real leadership arises that helps provide the recovery needed so that this doesn't happen again (to such an extent).  

@BigGame90

 Been real busy getting ready to head back to Florida this coming Sunday & since it's miserable weather in Michigan right now, I had time to absorb both Part 1 & 2 of your response/ideas/solutions. I'm glad you shared Part 2 because Part 1 didn't have much oomph & it's never good answering a question with another question. 

Regarding the climate & electric cars, those who want an electric cars can buy as many as they want & manufacturers are moving in that direction to meet the demand. For me, until I can drive as far as I want without being concerned about where I can recharge my battery for X amount of time before I can get back on the road, I won't be buying one & may never in my lifetime. Time is getting shorter for us all. I'm tired of seeing corporate polluters getting slapped on the wrist for damaging our environment & until the limp dicks & saggy tits do something in Washington, this will continue t make the situation worse.

Inflation is a global issue, right? Now this may sound odd but inflation is not hurting me, my family or our employees. We pay an above average wage, my kids have excellent jobs/benefits & my wife & I are reaping the rewards for working our asses off in life. So we pay a little more at the pump & we make adjustments to our lives but they are not hardships. Are you & your family feeling the pinch? I'm taking a guess but I don't think you are. Life isn't always puppies & rainbows & if people have a half of a brain, they'll adjust their lives as well. I see job openings all over the state & country for that matter.

As far as crime, yes opening more prisons will allow scumbags to pay their price to society. But our judicial system is and has been broken for decades. That has to be fixed before building any new facilities IMO. 

@kcblitzkrieg

 Dipping into oil supplies is different from depleting them.

I also don't believe the sky is falling. Driving across the country, I see infrastructure projects underway, I see airports & roads full of travelers. I see people attending sporting events, the movies & dinner at restaurants. 

People are living & enjoying their lives again,

Those who are miserable will always be miserable until they stop blaming others for their failures in life!

Partisan thinkers will find a way to spin anything into DEM vs REPUB and that is 100% the case in this thread and most in this forum.

Problem is inflation and gas prices are not partisan, they are also not just in the US. So if a certain group wants to blame a politician, they will but you cannot blame one person unless you can ISOLATE the problem exclusively and for sure you cannot.

Inflation is global, in fact the US is not getting hit as hard and it will likely reverse sooner than in other countries but hey that is not partisan blaming so who wants to hear that?

Inflation is not going to be stopped by raising rates, this is a supply side inflation issue it is not based on excess demand. The reason we are in this situation has to do with supply and JIT inventory models corps have been using for the last 20-25 yrs.

Biden is an idiot yes, no doubt about it and that is true but he is not to blame for a supply side inflation problem that is a GLOBAL concern.

@Midnight1

 agreed...which is why I stated oil supplies are still above 50% and that they should be able to return to capacity levels within two years, UNLESS....they continue to be depleted (correct term, look it up).  

also agree that sky is not falling....yet.  We are only in the beginning stages.  Everything is fine and dandy if you are part of the 1%.  Part of the 10% ??  Still doing ok, manage your finances and don't live beyond your means and alright.  Lower class though??  They're having trouble there, food prices, gas, cost of services, all up big.  When you don't have that cushion then it is hitting you hard already. 

If you have a FED "blink" or pivot, the cool kids say these days, then you will see temporary relief at the market level (reminder, the stock market is not the economy as so many stooges here tried to say back when "Biden's economy was pumping that 4500 level ) but that will do nothing but stall a drop or kick start an inflation rally.  This is my point, YOU CANNOT have a drop in 8% inflation until your Fed funds rate increases high enough to kill off the demand side of inflation cause.  It is in the history books plain as day.  Learn from history or you will be the one to suffer through it repeating the same mistakes (that is us today).  

History home work:  read up on the two Fed chairs who last operated in an environment closest to what we are seeing now.  Volcker and Burns.  One of these men our current Fed Chair JPOW wants to be like.  The other one is responsible for the debacle of policy that led Volcker to have to resort to "dropping the hammer" in order to reign in inflation.  JPOW is going to continue to raise rates until inflation drops.  Period.  If he does not, then he risks facing the same fate as the man he does not want to become, Mr. Burns.  The problem comparing these two periods is that while inflation % is just as bad, the FED fund rate at this time was already pushing double digits.  We are coming from an environment of ZERO rates.  ZERO.  There will be NO SOFT landing.  This is literally an unprecedented situation and NO ONE knows what really is going to happen, other than its not going to end well.  

Powell will continue his push, things will break on this path.  It is inevitable.  Several things could happen that could stop his push, out of his control of course.  The biggest one being War.  No, not this silly proxy war we are currently involved in.  Something more.  Think China/Taiwan conflict.  The money printer gets turned back on, there goes your fight against inflation....gonna see it BOOM into the double digits if that printer goes brrrrr.  

Its funny people blaming Powell for raising rates, well they should not have been lowered to zero in the first place. Current rates are still way below historical average and are for sure not extreme at all. This move just gives the FED more room if they need to be dovish again and backs them out of a nasty corner which was not sustainable.

For Partisan Repos in this thread blaming high gas prices on Biden check out global prices for gas.

https://www.globalpetrolprices.com/gasoline_prices/

Please come back and tell me high American gas prices are caused by Biden, and why the U.S. still has cheaper gas by far than another wealthy country in Europe (damn nearly $2 per gallon cheaper than anywhere in Europe). Interesting how gas is cheaper in the U.S, than damn near any other wealthy country in the world outside of some of the Gulf countries, yet all Republicans can do is complain. 

Is Biden causing much higher gas prices all over the world too? He controls most of the world's oil, not OPEC? Interesting. 

you are also just now hearing chatter about moving off that 2% inflation target to something more realistic, like 4%.  

preaching to the choir on this one but no one wants to hear facts like these around here....just somewhere to place the blame.  

with regards to "inflation not being stopped by raising rates"....that is correct, as you point out with regards to the supply side inflation.  Raising rates only helps offset the demand side and in this environment those moves are not as impactful.  It is the ONLY tool though the FED has to address inflation so that is what they are doing.  

people don't want to blame JPOW now because he doesn't represent a political party.  people want to point the finger at that opposite party, they don't give a poopoo about what is right or factual.  They are lazy and it is much easier to point a finger and say "bad man did that".  They don't care who the hell Alan Greenspan is, what he did to put Americans in this spot to begin with....who the hell is Bernake??  Oh Ben you say??  Well just do a little search and learn about his role in following up Greenspan with ridiculous ZIRP.  "Educate please then come back and have a conversation with the adults"....that is what is missing in today's common world.  

In the second quarter of 2022, Exxon posted a profit of $17.9bn, the highest any publicly listed oil company has ever reported. Chevron hauled in $11.6bn, while Shell reported $11.47bn and BP $9.3 bn, its biggest windfall in more than 14 years.

Totally Biden's fault!    

@Midnight1

 Safe travels back to FL. 

I agree on the electric cars. I am in CA and the governor wants to ban sales of gas powered cars by 2035. Overreach IMO. Until charging stations are as common, if not more available than gas stations, and charging time can be done in less then 20 minutes, this idea is going to cause so much headache. Energy isn't free and doesn't come from the sun. 

I'm not feeling the pinch of inflation as others might. However, I have changed my life style and have given up quite a bit of "entertainment" to off set the increase in every day needs. A lot more cooking at home, maybe some ramen here and there. Inflation is/will be hurting those less fortunate, and that's whom I worry about. Pretty sure statistics will show that as inflation increrases, as people get pinched for dollars, crime moves up.  IMO, crime is bad enough and would prefer to not see it get worse. Keep taking care of your family and employees, and your employees will stay loyal to keep your business going. The cream rises to the top when shit gets tough. 

Have safe travels and enjoy the ride. 

@kcblitzkrieg

 It is frustrating how people are so lazy to seek to understand what the truth is and why things happen instead of blaming some politician as a reply to most everything.

I find it odd that Republicans are running on a crime platform when the leader of their own party is the subject of 19 investigations, including espionage.

What's up with that?

"Look into my eyes sweetheart, I'm going to end fossil fuels"

ENOUGH SAID.

Adjusted for inflation, NEVER has been so bad. https://axlewise.com/cost-of-gas/

And purposely so.

Germany currently paying 2015 Germany gasoline prices so don't give us the we have it so good crap.

So Germany was paying $7.15 (U.S) dollars per gallon in 2015 also?   That is doubtful. That is what they are paying for gas currently.

Considering the national average in the U.S. today is around $4 per gallon, I'd say we have it much better than Germany in terms of gas prices. 

https://www.globalpetrolprices.com/gasoline_prices/

Nice self own though. 

UK inflation back at 40-year high
as food prices soar

The UK annual rate of inflation rose to 10.1% in September.

Inflation is a growing headache for policymakers across Europe, which is grappling with an energy crisis following Russia’s invasion of Ukraine. Soaring energy costs and rising food prices drove the eurozone’s annual rate of inflation to 9.9% in September, up from 9.1% in August, Eurostat said Wednesday.

— Julia Horowitz contributed to this report.

@Midnight1

looks like u never got a convincing answer from the right

  my VETERANS DAY salute to others here who served

midnight1   army     

fubah2      national guard   

baish2012     navy