US Oil Producers Fail to Produce

[Seran]

Public interest lawsuit charging anticompetitive and price fixing by United States oil giants, as negotiated by Donald Trump. 13 million barrels of oil dissappeared as a result of Trump's oil company collusion and as a result, oil companies continue to hold back supply to maintain high prices.

CONSUMERS CHARGE MAJOR AMERICAN OIL COMPANIES FIXED PRICES ON OIL AND GASOLINE SINCE MARCH AND APRIL OF 2020, IN VIOLATION OF THE ANTITRUST LAWS OF THE UNITED STATES.

However, as alleged, the American oil companies sought to stop the Saudi Arabia and Russia price war. They believed that former President Trump could get an agreement from both Saudi Arabia and Russia to stop the price war. The oil company executives set up an emergency meeting with the former President. A meeting was held in the Cabinet Room of the White House on April 3, 2020. After the meeting with the major oil companies on April 2nd and 3rd, former President Donald Trump reversed his position and called Mohammed bin Salman Al Saud (Crown Prince) of Saudi Arabia and President Vladimir Putin of Russia to call off their price war so that oil prices could be raised.

As a result of the calls by former President Trump, the Crown Prince of Saudia Arabia and President Vladimir Putin agreed to end their price war. However, they required the American oil companies to agree to cut their oil production as well. The American oil companies agreed. Saudi Arabia and Russia announced a reduction of 10 million barrels a day; and the former United States Secretary of Energy announced at the G2 meeting on April 10, 2020 that the American oil companies would cut 2-3 million barrels a day.

[4:22-cv-01979-JSW, D'Augusta v. American Petroleum Institute, et al.]

[Seizer]

[Seran]

Imagine that, oil prices and gas prices started raising the same time Trump arranged for 13 million barrels per day to dissappear from the energy market. Surprise surprise, Republicans are enabling Big Oil to loot and pillage America's wallets and shift the blame.

Of course it's supply and demand. Supply is being held back by Big Oil.

[beldannon5]

there's our seran, blaming Trump, what would we do without you.

[Parkbandit]

Imagine that, oil prices and gas prices started raising the same time Trump arranged for 13 million barrels per day to dissappear from the energy market. Surprise surprise, Republicans are enabling Big Oil to loot and pillage America's wallets and shift the blame.

Of course it's supply and demand. Supply is being held back by Big Oil.

FUCK YOU BIG OIL!!!!!!!!!!!!!

[Seran]

there's our seran, blaming Trump, what would we do without you.

Hey hey, I don't belong to anyone, no matter how good that massage was at con. For that matter, your offhand rejection of fact and wholesale acceptance of Republican myths makes us not suitable partners. I decline your offer, but thanks.

[Seran]

The House of Representatives passed H.R 7688 Consumer Fuel Price Gouging Prevention Act, which would deliver the President the ability to declare by proclamation that it is illegal to excessively increase gasoline, diesel or other fuel prices by wholesalers or retailers, in areas affected by local or national emergency.

To quote the bill:

Whether the amount charged by such person grossly exceeds the average price at which the consumer fuel was offered for sale by such person during—
(I) the 30-day period before the date on which the proclamation was issued; or
(II) another appropriate benchmark period, as determined by the Commission. (ii) Whether the amount charged by such person grossly exceeds the price at, which the same or a similar fuel was readily obtainable in the same area from other sellers during the energy emergency period.

Unsurprisingly, the entire Republican caucus, whose donors rely on being able to price gouge and exploit monopolies created by Republican officials, voted against the bill. Because why would you want to protect consumers?

[Parkbandit]

The House of Representatives passed H.R 7688 Consumer Fuel Price Gouging Prevention Act, which would deliver the President the ability to declare by proclamation that it is illegal to excessively increase gasoline, diesel or other fuel prices by wholesalers or retailers, in areas affected by local or national emergency.

To quote the bill:
Unsurprisingly, the entire Republican caucus, whose donors rely on being able to price gouge and exploit monopolies created by Republican officials, voted against the bill. Because why would you want to protect consumers?

Republicans won't vote for a half ass measure like that. If we want to take down Big Oil, we need to go after all of them.

ALL OILS ARE PART OF THIS NOT JUST FUEL OIL!

We got your back Seran!

[Methais]

The House of Representatives passed H.R 7688 Consumer Fuel Price Gouging Prevention Act, which would deliver the President the ability to declare by proclamation that it is illegal to excessively increase gasoline, diesel or other fuel prices by wholesalers or retailers, in areas affected by local or national emergency.

To quote the bill:



Unsurprisingly, the entire Republican caucus, whose donors rely on being able to price gouge and exploit monopolies created by Republican officials, voted against the bill. Because why would you want to protect consumers?

Speaking of republicans blocking things, what does abstinence mean?

[GS4Ranger]

I wouldn't be carrying water for someone who openly admits they think that government spending isn't a cause of inflation.

"I'm sick of this stuff! American people think inflation is government spending more money. Simply not true!" - Biden, 3/11/2022, Democratic Conference, Philadelphia.