US Oil Producers Fail to Produce

[Tgo01]

Hey, Seran, you forgot to mention that oil was up over 5% today and it's currently the second highest price it has ever been in the history of the world and it's less than 8% away from the highest it's ever been in the history of the world, both world records thanks to your president.

But I'm sure this was just an oversight on your part since you're so eager to jump and scream at everyone the second the price drops by 0.01%.

Once again: this is why you look at long term trends when it comes to things like oil prices and you don't wait 5 minutes after oil hits the highest in record and say "ZOMG LOOK! The price of oil is dropping! Thank Biden now, you bigots!"

Like this long term trend for example: Oil is way up ever since president Disaster wormed his way into the White House and demonstrably made life worse for just about every single human being on the planet. Yes, even uncontacted tribes have it worse now than they did in 2020.

[Shaps]

Why keep bothering... I've quit because it's just gotten so pathetic at this point. It's like beating a chained up dog, or small child. They can't defend themselves in any shape or form - so for me I stop swinging.

Take solace in the fact - they know it too, deep down inside, how badly they fucked up and were misinformed. They realize they are hollow shells for their puppet masters, whose hand is so far up their ass and playing them like a sock-puppet... /shrug

[Methais]

Why keep bothering... I've quit because it's just gotten so pathetic at this point. It's like beating a chained up dog, or small child. They can't defend themselves in any shape or form - so for me I stop swinging.

Take solace in the fact - they know it too, deep down inside, how badly they fucked up and were misled.

Some people, like Seran, are just legitimately that stupid and gullible and actually believe the bullshit they're regurgitating.

Source: Every political post he's ever made

[Neveragain]

Not a good look for BP and Shell.

[Seran]

Hey, Seran, you forgot to mention that oil was up over 5% today and it's currently the second highest price it has ever been in the history of the world and it's less than 8% away from the highest it's ever been in the history of the world, both world records thanks to your president.

But I'm sure this was just an oversight on your part since you're so eager to jump and scream at everyone the second the price drops by 0.01%.

Once again: this is why you look at long term trends when it comes to things like oil prices and you don't wait 5 minutes after oil hits the highest in record and say "ZOMG LOOK! The price of oil is dropping! Thank Biden now, you bigots!"

Like this long term trend for example: Oil is way up ever since president Disaster wormed his way into the White House and demonstrably made life worse for just about every single human being on the planet. Yes, even uncontacted tribes have it worse now than they did in 2020.

Except when it was over $140 a barrel? Perhaps you're just reeally bad at math, but $109 is less than $140.

[Parkbandit]

When Biden took office, we were enjoying $2.20 / gallon prices for gas.

When Biden took office, we were enjoying $50 / barrel price for crude oil.

Any talk of "Oil was never $140 a barrel!!!" is nothing more than musings from an idiot.

When Joe became President, he inherited low oil/gas prices... but his war on fossil fuels has done exactly what he knew it would do: Increase the price in an attempt to drive down demand.

[Methais]

Except when it was over $140 a barrel? Perhaps you're just reeally bad at math, but $109 is less than $140.

You struggle with numbers a lot, don't you?

[Parkbandit]

You struggle with numbers a lot, don't you?

I imagine he struggles with every.single.thing.

[Seran]

The congressional lawmakers propose the Gas Rebate Act of 2022 where Americans would get an energy rebate of $100 per month (and $100 for each dependent) for the rest of 2022 in any month where the national average gas prices exceed $4.00 per gallon.

"Americans are feeling the impact at the pump of Vladimir Putin’s illegal invasion of Ukraine, and right now we must work together on commonsense policy solutions to ease the financial burden that my constituents are feeling," Thompson said in a news release. "The Putin Price Hike is putting strain on our economy, and I am proud to be working with Reps. Larson and Underwood to introduce this legislation to provide middle-class Americans with monthly payments to ease the financial burden of this global crises."

Rep. Peter DeFazio of Oregon has proposed the Stop Gas Price Gouging Tax and Rebate Act. The bill "would create a windfall profit tax on excessive corporate profits and return the revenue to American consumers in the form of a tax rebate."

"Big Oil is foaming at the mouth," said Rep. DeFazio. "After price-gouging Americans in 2021 to make record profits, Big Oil is now reaping the benefits of [President Vladimir] Putin’s price hike."

"My legislation would tax Big Oil’s excess profits in 2022 and return the revenue back to Americans. It’s beyond time to put people over profits – period," he continued.

Under his proposal, companies will pay a one-time, 50 percent windfall profit tax on any adjusted taxable income (ATI) in 2022 that exceeds 110 percent of their average ATI during pre-pandemic levels between 2015-2019. Revenue, raised by the windfall profit tax, will be returned to consumers as a monthly, advanced, and refundable tax credit that will be phased out by income, according to DeFazio.

Two bills are on their way for Congressional consideration, the first having an immediate impact of helping families with rising fuel bills. The second, would fund the expenditures by taxing the insane profits the oil companies are making by keeping supply low. You can expect Republicans to oppose both, despite agreeing prices are high. After all, it's an election year, anything which helps Americans is bad!

https://www.fox5ny.com/news/gas-pric...ad-to-congress

[Methais]

The congressional lawmakers propose the Gas Rebate Act of 2022 where Americans would get an energy rebate of $100 per month (and $100 for each dependent) for the rest of 2022 in any month where the national average gas prices exceed $4.00 per gallon.

"Americans are feeling the impact at the pump of Vladimir Putin’s illegal invasion of Ukraine, and right now we must work together on commonsense policy solutions to ease the financial burden that my constituents are feeling," Thompson said in a news release. "The Putin Price Hike is putting strain on our economy, and I am proud to be working with Reps. Larson and Underwood to introduce this legislation to provide middle-class Americans with monthly payments to ease the financial burden of this global crises."

Rep. Peter DeFazio of Oregon has proposed the Stop Gas Price Gouging Tax and Rebate Act. The bill "would create a windfall profit tax on excessive corporate profits and return the revenue to American consumers in the form of a tax rebate."

"Big Oil is foaming at the mouth," said Rep. DeFazio. "After price-gouging Americans in 2021 to make record profits, Big Oil is now reaping the benefits of [President Vladimir] Putin’s price hike."

"My legislation would tax Big Oil’s excess profits in 2022 and return the revenue back to Americans. It’s beyond time to put people over profits – period," he continued.

Under his proposal, companies will pay a one-time, 50 percent windfall profit tax on any adjusted taxable income (ATI) in 2022 that exceeds 110 percent of their average ATI during pre-pandemic levels between 2015-2019. Revenue, raised by the windfall profit tax, will be returned to consumers as a monthly, advanced, and refundable tax credit that will be phased out by income, according to DeFazio.

This is really stupid, which is why I think it's great.

Fixed.