Biden is 100% a rough ridin' clown who I hate but I’d be curious to know what Justwin or any of our resident MAGAs think inflation would be with Trump or any president of their choosing.
There are shitloads of legitimate things to be mad at him for
I would assume he’d go after OPEC with a threat of no more military support if they don’t start meeting what they promised to produce and then some. Kind of what he did during the pandemic, only telling the Saudi’s to cut production.
https://www.reuters.com/article/us-global-oil-trump-saudi-specialreport-idUSKBN22C1V4
And Donald hated raising interest rates and lost his crap when they hinted at doing so pre pandemic.
“Trump, in a pair of Twitter posts, said negative rates would save the government money on its debt”
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I thought our issue was we don’t have enough refinery capacity? How does OPEC solve that?
I don't think we are running all of our refineries for some reason. It must take a whole lot of money to fire one back up after you shut it down.
I should’ve noted that was a maga suggestion from a co-worker in my original post.
I think you’re looking at numerous variables adding to the price. Oil supply on the global market isn’t what it needs to be, and since it’s traded on the global market, you’re dealing with those pressures. There’s a lot of interesting reads on the oil market detailing the shale boom and the over supply in the US, to OPEC and Russia basically having a price war in 2020, and to now how companies are intentionally not creating an over supply. All of this is probably placed better in another thread.
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