so, with the cost of fuel double the amount it was when Biden was elected, or triple, when does the cost of bussing the people who don't have cars, and moving the empty busses around on schedule, not cover the cost of the busses, the fuel, and the maintenance, without increasing the price of the tickets to where people who ride the city bus, those people who can't afford cars, or Uber rides, are unable to afford the bus ?
Just a side effect of decisions made at the highest level of government to shut down the nations oil production, (or make it unprofitable to produce more oil, drill for more oil, tranport more oil, than has already been accomplished) and allow BP, Shell, and other foreign oil companies record high billions of dollars in profits, per quarter, instead of arranging for 2 to 3 dollars per gallon of gas in the USA instead.
Just my take on it, yours may vary, and if you have it figured out different, that the current situation is better than it was, well, send me a link to YOUR blog where YOU write it up. I'll read it on YOUR site instead of my comments section, where I will delete anything you write, without reading it. So, if you waste your time typing a comment to THIS post, instead of typing on your OWN blog, you're wasting your time, not mine.
Well said.
ReplyDeleteThe price of oil is strictly down to free market economics. The USA is a net exporter of oil, and gas, you have all you need and more, but because companies who have one responsibility, that being to maximize the return to their shareholders, oil is sold, based on world prices. A made in USA price instituted by your government, is the dreaded socialism that you're all terrified of, well at least until it works to your advantage. One other advantage that American Oil companies have is that they buy that "dirty oil" from Alberta Canada at a 30% discount, 30% less than Canadians area allowed to buy it for, World Trade Organization rules, you can write books on how that all works. So free market forces being what they are, and not being particularly free, means that any crisis is a good excuse to drive up prices. Countries that don't have free market economies, and have lots of oil, don't have the same restrictions, places like Venezuela, and Saudi Arabia, to name a couple, charge essentially less than 10 cents on the dollar for home consumption. So if you want Joe Biden to do something about fuel prices, you either have him subsidize your fuel prices, in which case you pay for it in another way, he can dictate to oil companies to lower their prices, so long to the free market which you all cherish so much, until you don't, or he can nationalize the whole works, which you're not going to like either. Right now not only are you being gouged, by the system, but some American oil is likely being sold to the highest bidder irrespective of what is best for your country, or citizens.
ReplyDeleteBefore the situation in consideration gets to the point of there being oil to move from the well to a buyer, is where I find the problem, I think it ought to be an asset of the country, and not something owned by whoever sinks the well, unless they are paying the govt for it. Like, the license to fish, license to drive, etc. Natural resources, like fish, and the roads (space on the land under them, etc) is a national asset, and not for sale. Just my notion, and like the radio waves, that the broadcasters have to pay the FCC for, and other stuff... that oil was a mistake to give to who ever sunk a well. Does every lake belong to whoever pumps out the water? Nope. Water rights are a national govt issue.
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