Biden Lying About Oil and Gasoline Prices… Again

Guest “A man who would never tell the truth when a lie would serve him just as well” by David Middleton

Every time that Biden flaps his gums (or his minions type Tweets on his behalf), this Douglas MacArthur quote comes to mind:

Well, apart from not being dead, the MacArthur quote fits Biden to a T.

Biden demands faster drop in gas prices as oil tumbles

By Matt Egan, CNN Business

Wed March 16, 2022

New York (CNN Business) President Joe Biden is using his bully pulpit to call out the tendency for gasoline prices to go up like a rocket when oil spikes, but only drop like a feather when crude crashes.

Biden fired off a tweet Wednesday morning highlighting the painfully slow decline in gasoline prices in a bid to draw scrutiny to a decades-long trend that critics say hurts consumers by failing to pass savings along to drivers.

“Oil prices are decreasing, gas prices should too,” Biden said on Twitter. “Last time oil was $96 a barrel, gas was $3.62 a gallon. Now it’s $4.31. Oil and gas companies shouldn’t pad their profits at the expense of hardworking Americans.”

[…]

CNN Business

Is Biden that stupid? Or is lying simply his default position? Rhetorical questions. What’s Matt Egan’s excuse?

President Joe Biden is using his bully pulpit to call out the tendency for gasoline prices to go up like a rocket when oil spikes, but only drop like a feather when crude crashes.

Matt Egan, 2007 BS in Journalism.

Did he research that bit of nonsense from the CNN archives? Another rhetorical question.

Biden’s Tweeting minions included this graph, allegedly sourced from Bloomberg:

Why not just use EIA data? The EIA is part of the Department of Energy… part of the Executive Branch… The only branch of government that reports to Biden.

Why do gasoline prices fluctuate?

Retail gasoline prices are mainly affected by crude oil prices and the level of gasoline supply relative to gasoline demand. Strong and increasing demand for gasoline and other petroleum products in the United States and the rest of the world can place intense pressure on available supplies.

Gasoline explained, EIA
Did you know? Gasoline prices generally follow crude oil prices. (EIA)

While crude oil and gasoline prices don’t move in lockstep on an hourly or daily basis, they do move in a more or less lockstep fashion on a weekly or longer term basis.

Note: There is a three day lag between weekly WTI and gasoline prices.
The WTI points occur three days prior to the gasoline points.

Since the beginning of 2021, crude oil prices have actually risen significantly faster than retail gasoline prices.

Gasoline slope = 0.0027
Oil slope = 0.0862
  • Crude Oil $113/$48 = 2.35
  • Gasoline $4.41/$2.34 = 1.88
  • 2.35/1.88 = 1.25 M’kay?

While it is true that retail gasoline prices tend to rise faster than they fall, this has nothing to do with oil & gas companies padding their profits. The owners of gas stations tend to raise pump prices based on what it’s costing them to buy gasoline. They tend to lower the pump prices only when their competitors do so. And… most gas stations aren’t even owned by oil companies.

Do the major oil companies own all the service stations in this country?

No. According to the latest information, the refiners own less than 5% of the 150,000 retail stations. When a station bears a particular refiner’s brand, it does not mean that the refiner owns or operates the station. The vast majority of branded stations are owned and operated by independent retailers licensed to represent that brand. According to the National Association of Convenience Stores (NACS), more than 60% of the retail stations in the US are owned by an individual or family that owns a single store. Through various branding agreements, approximately 36% of the retail stations in the US sell fuel under API members’ brands. See U.S. Service Station Outlets Summary.

API

Moreover, most gas stations barely make a profit on fuel sales, often losing money…

Why most gas stations don’t make money from selling gas
With gas prices climbing up, you may think station owners are getting greedy. But the economics behind the pump tell a different story.

Zachary Crockett
September 12, 2021

[…]

With average gas prices at a 6-year high, you might think station owners are rolling in the dough.

But the business model of gas stations is a bit counterintuitive. 

Most gas stations barely turn a profit on their core product, and when the price of oil goes up they may even take a loss on it.

[…]

Most major oil companies have backed out of the retail business because selling gas generally isn’t very profitable.

According to IBISWorld, gas stations make an average net margin of just 1.4% on their fuel.

[…]

The real money is made inside the store

Today, 80% of all gas stations have a convenience store on site.

According to a study conducted by the National Association of Convenience Stores, 44% of gas station customers go inside. And among them, 1 in 3 ends up indulging in some kind of treat.

The goods inside these stores — Doritos, sunglasses, lotto tickets, energy drinks — only account for ~30% of the average gas station’s revenue, yet bring in 70% of the profit.

[…]

The Hustle

This bald-faced lie is particularly flatulent and pernicious:

Oil and gas companies shouldn’t pad their profits at the expense of hardworking Americans.

Let’s Go Brandon! FJB Edition

Profits are reported on a quarterly basis. No oil company has reported Q1 2022 earnings yet. Q1 2022 ends on March 31, 2022. It takes time to work up corporate income statements. No one will know how profitable oil companies were in Q1 2022 until their earnings statements are released, Most companies will release Q1 2022 earnings in April, so Biden can’t even make a bogus claim about oil companies padding their profits.

Furthermore, oil companies weren’t padding their profits in Q4 2021, much less padding their profits on a crude oil/gasoline price differential. In the most recent quarter, Q4 2021, oil prices (WTI) averaged $77/bbl. Here are the Q4 2021 profit margins of 10 large US oil companies compared to 2 tech giants:

Data from MarketWatch

The two tech giants had net earnings more than double the sum of ten large US oil companies. with three times the profit margin. The least profitable oil companies (Valero, Marathon and Phillips 66) would have benefited the most from gasoline prices remaining high, while crude oil prices plunged. They are mostly midstream and downstream players. The most profitable companies (Devon and Chesapeake) are strictly upstream players. They don’t benefit at all from gasoline prices remaining high, while crude oil prices plunge. Such a scenario would hurt their bottom lines. It’s also important to note that most, if not all, of these companies lost money in 2020 when oil prices were low.

It is true that oil companies generate better profit margins with higher product prices. Their cost to find and produce oil doesn’t change quickly. Every $/bbl that oil rises above their breakeven cost has an out-sized effect on profit margins. We’ll use ExxonMobil (XOM) as an example.

At $65.55/bbl in Q2 2021, XOM’s profit margin was comparable to the average publicly traded US corporation. For XOM’s profit margin to match that of the tech giants, crude oil prices would have to average over $130/bbl for an entire quarter, not just a few trading days.

The problem is that the costs of finding and producing oil eventually rise and fall with product prices. And those costs are already rising… On land…

Fourth Quarter | December 29, 2021
Oil and Gas Activity Continues Expanding; Cost Pressures Intensify

The oil and gas sector continued growing in fourth quarter 2021, according to oil and gas executives responding to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of conditions facing Eleventh District energy firms—remained elevated at 42.6, essentially unchanged from its third-quarter reading.

Oil production increased at a faster pace, according to executives at exploration and production (E&P) firms. The oil production index moved up from 10.7 in the third quarter to 19.1 in the fourth quarter. Similarly, the natural gas production index advanced seven points to 26.1.

Costs rose sharply for a third straight quarter. Among oilfield services firms, the index for input costs increased from 60.8 to 69.8—a record high and suggestive of significant cost pressures. Only one of the 44 responding oilfield services firms reported lower input costs this quarter. Among E&P firms, the index for finding and development costs advanced from 33.0 in the third quarter to 44.9 in the fourth. Additionally, the index for lease operating expenses also increased, from 29.4 to 42.0. Both of these indexes reached their highest readings in the survey’s five-year history.

[…]

Dallas Fed Energy Survey

And at sea…

Transocean Rakes In Five New Deals. Four Rigs Heading To GOM
by Bojan Lepic | Rigzone Staff | Tuesday, February 15, 2022

Offshore drilling contractor Transocean has won work for five offshore rigs, with four going to the U.S. Gulf of Mexico and one to the UK North Sea.

Transocean said in its latest fleet status report that the new contracts and extensions for its drilling rig fleet have an aggregate incremental backlog of around $87.7 million. Some of the rigs won deals with better day rates meaning the backlog rose to $6.5 billion.

[…]

The Deepwater Asgard drillship secured a two-well contract in the U.S. Gulf of Mexico at $395,000 per day. The operator was left undisclosed, but the deal will run from April until June 2022. The rig’s day rate has been significantly increased with this contract. Its previous deal was also in the Gulf of Mexico and again the operator was left unnamed. The rate though was $100,000 lower and stood at $295,000.

The next drillship with a new deal is the Deepwater Invictus. It won a one-well contract extension with BHP in the U.S. Gulf of Mexico at $305,000 per day. The deal will run from June until September 2022. The rig’s dayrate under the contract with BHP which stretches from October 2021 to March 2022 is $260,000. It will increase to $295,000 from March till June 2022 and then increase again under the latest extension.

The last drillship to get a new deal was the Discoverer Inspiration. Its one-well contract in the U.S. Gulf of Mexico at $290,000 per day was awarded by EnVen Energy along with two one-well options. The rig is currently working for Hess until August 2022 on a $215,000 dayrate after which it will start work for EnVen. The company’s optional periods are slated for September-November and November-December 2022 at dayrates of $300,000 and $310,000, respectively.

[…]

Rigzone

Conclusion

It appears that Biden’s ghost-written Tweet features a graph comparing daily oil price changes with weekly gasoline prices.

Their graphic is a Disraeli-ism on steroids.

Here is the actual comparison of weekly oil & gasoline prices over the same time period.

  • “Oil prices are decreasing, gas prices should too.” False.
  • “Last time oil was $96 a barrel, gas was $3.62 a gallon. Now it’s $4.31.” Disraeli-ism.
  • “Oil and gas companies shouldn’t pad their profits…” Bald-faced lie!!!

Biden, here’s what you need to do:

GET THE HELL OUT OF OUR WAY!!!

  • You never had a real job in your entire miserable excuse for a life. You never worked in the private sector. Stop lying about industry and trying to tell us how to run our businesses!
  • Resume holding and honoring the results of Federal oil & gas lease sales – as you are required by law to do.
  • Stop babbling about shutting down permitting.
  • Reverse the recent trend of slow-walking permits.
  • Stop nominating Marxist academics who are hell-bent on defunding the oil & gas industry.
  • Restore the ANWR leases that you lawlessly revoked.
  • Fully open up ANWR & NPRA in Alaska and the entire Outer Continental Shelf (OCS) to exploration & production.
  • Reverse your moronic decision to rescind the permits for the Keystone XL pipeline.
  • Stop putting up roadblocks to new pipelines and LNG export facilities.
  • Shut the frack up about climate emergencies, catastrophes and crises… At worst, it is a minor long-term problem that could easily be dealt with, if it was treated as such.

The rant above was borrowed from a comment I made in another post.

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fretslider
March 18, 2022 2:38 am

He isn’t flavour of the day with the Irish after yesterday’s gaffe

He needs a new puppeteer

Derg
Reply to  David Middleton
March 18, 2022 3:53 am

Imagine the stupid next in line.

file:///var/mobile/Library/SMS/Attachments/fe/14/C337C41C-13E3-4EDD-B3F8-83C03A4E18F1/Resized_Screensho(5).jpeg

AndyHce
Reply to  Derg
March 18, 2022 11:25 am

Imagine a person that doesn’t know how to enter a link.

Derg
Reply to  AndyHce
March 18, 2022 11:39 am

Lol…yeah I screwed it up. Guilty.

Bill S
Reply to  David Middleton
March 19, 2022 10:04 am

You have correctly identified the fundamental problem. Joe Biden is a stupid man, low IQ, lacking in mental bandwidth. Proof is that Biden is stupid in every arena. There is not one instance in which one can say that he may have gotten this wrong, but he was right on target over there.

Tragically, you cannot fix stupid.

Joe Bastardi
Reply to  Bill S
March 21, 2022 6:52 am

well what does that say about the fact he rose to where he did

Bill S
Reply to  Joe Bastardi
March 21, 2022 8:19 am

It says that the Democrats themselves thought that the other candidates, ie Kamila Harris, who dropped out of the race early with less than 2% support of Democrats, were even worse.

It also says that our institutional news companies are completely and thoroughly corrupt. They aided and abetted the completely false, dishonest, untrue narrative of collusion between the Trump campaign and Russia during and after the 2016 campaign. The truth was exactly the opposite, that Hillary and the DNC colluded with the Russia to invent the Steele Dossier, which was used illegally to get the FISA courts to approve surveillance of Carter Page and others. The Muller investigation resulted from the manipulations, which concluded that there was no collusion between Russia and Trump. Regardless, many continue to believe collusion between Trump and the Russians, which hurt him in the campaign against Biden.

Last week the NYT verifying the veracity of the emails from Hunter Biden’s laptop. At the time, the laptop and it’s damaging facts about Joe Biden was suppressed by twitter, facebook, youtube, by suspending the NY Post from their platforms, and the MSM with no facts dishonestly claimed that the laptop info was Russian disinformation.

Fifty intelligence authorities signed a letter that dishonestly stated that the laptop was Russian disinformation based on zero evidence. 10% of Biden voters say that they would have voted for Trump had they known about Hunters laptop and emails. This would have changed the outcome of the election.

Biden became President because of the dishonest manipulation of facts by the MSM and officials in Justice and the FBI about Trump and Russia in 2016-18, and dishonest suppression of Hunter Biden’s laptop by the social media tech platforms and the MSM.

One of the confirmed emails outlines a structure with a Chinese company in which Hunter holds 10% of the deal for the benefit of the big guy, Joe Biden, but Hunter holds the shares to protect Biden from disclosure. Biden really does have a conflict of interest in our national relationship with China, holds a two hour call with Xi last week, and no one in the US knows anything about the call.

Joe Biden has a Russian negotiating on our behalf with the Iranians the new nuclear deal, while we are in a proxy war with Russia. Would a smart man do that?

Sara
Reply to  fretslider
March 18, 2022 6:35 am

All you have to do is check the gas prices on gas buddy’s map. That will tell you what the most recent at-the-pump price is, wherever you are, as long as it’s reported to them – and most gas stations are doing that now.

I seriously doubt biden has ever heard of such a thing as gasbuddy dot com or any other such real-world items. And he’s having a meet-up with Xi JinPing about Ukraine. I hope it’s not too cringeworthy.

Drake
Reply to  Sara
March 18, 2022 8:24 am

Gasbuddy is a great app, however I have had situations where the station owner has put in prices 15 to 20 cents lower than they were selling for.

I always report on those stations, giving the correct prices, and commenting on the situation, i.e. the dishonesty of the owner.

There are some areas of the country where it seems to be standard practice for many owners. Apparently all trying to underprice other lying liars.

Having crossed the country 4 years in a row, the lying trend has increased each year, to the extent that if the location is more than a couple of miles from my route, I don’t chase the lower price. A 10 mile round trip will cost me as much as a gallon of diesel, equivalent to 10 cents a gallon in price at $3.00 or better a gallon..

Sara
Reply to  Drake
March 19, 2022 2:10 pm

Oh, holy cow, that sounds like the “gas wars” between gas stations back around the time when I was getting my driver’s license! The price would drop by $0.01/gallon at one station and the other station would drop by $0,02/gallon. It was a hoot, too, because as soon as the price “war” was over, the price went right back up.

Bob Tisdale(@bobtisdale)
Editor
March 18, 2022 3:15 am

Thank you, David, for the graphs that show the lag between oil prices and gasoline prices. I’m surprised the lag in prices between West Texas Intermediate and gasoline is only three days.

Regards,
Bob

PS: You began your title with “Biden Lying”. He’s a career politician. No one expects otherwise.

Bob Tisdale(@bobtisdale)
Editor
Reply to  David Middleton
March 18, 2022 4:02 am

Thanks for the clarification, David.

Regards,
Bob

Frank from NoVA
Reply to  David Middleton
March 18, 2022 8:50 am

Nice article David.

Re. the following quote:

President Joe Biden is using his bully pulpit to call out the tendency for gasoline prices to go up like a rocket when oil spikes, but only drop like a feather when crude crashes.

I wonder how few people understand that for a station owner, filling up his / her tanks is significant investment. So much so that they are in constant contact with with their suppliers at the local rack, and therefore need to 1) raise prices quickly (the so-called rocket) in a rising market to pay for their next, and more expensive, load and 2) reduce prices slowly (the so-called feather) in a falling market to minimize their losses.

Also, wondering, given that ‘Bloomberg L.P.’ has been forever in the tank for climate alarmism, hence pro-renewables and anti-fossil fuels, why oil companies continue to ‘rent’ their expensive terminals. I have a vague recollection that Lenin once said something about ‘capitalists’ and ‘rope’.

Bob Tisdale(@bobtisdale)
Editor
Reply to  Frank from NoVA
March 18, 2022 9:33 am

Hi Frank from NoVa. Sounds like you understand what it’s like to own a gas station. On average, how often does a typical gas station need to fill its tanks?

Regards,
Bob

Frank from NoVA
Reply to  Bob Tisdale
March 18, 2022 9:52 am

Hi Bob,

No idea what’s typical, but am sure the more pumps outside, the greater the throughput. the more frequent the supply. Based only on my own observations, I would agree with David that most stations are run by local owners, who mostly rely on service, tires and snacks to stay afloat.

MarkW
Reply to  Frank from NoVA
March 18, 2022 12:02 pm

Not that I have ever run a station either, or worked at one. But I would imagine that the size/number of the underground tank/s would be determined by first the number of pumps and then the anticipated traffic for the site.
Then the number of deliveries would be based on how many gallons/pounds you expect to get from each delivery.

There’s an art/science to figuring out how to load all your tankers so that you can keep all the stations on your route happy as well.

Maybe rah knows some truckers who have worked these type of routes.

Last edited 2 months ago by MarkW
Reply to  Frank from NoVA
March 18, 2022 3:54 pm

With rapid price inflation, Last In First Out (LIFO) accounting won’t cut it. Smart management uses Next In First Out to keep from loosing a lot of money.

Frank from NoVA
Reply to  wsbriggs
March 18, 2022 8:52 pm

Accounting has nothing to do with it. Station owners need more cash today to buy tomorrow’s higher cost delivery.

Paul Johnson
Reply to  Bob Tisdale
March 18, 2022 11:21 am

The only thing worse than gas prices that are too high is gas prices that are too low.
Station owners set prices based on supply, demand, and competition. In a supply-limited gasoline market, setting prices too low leads to bad things:
 
           Gas stations run out of fuel before their next delivery
           Gas stations reduce their hours to avoid running out
           People burn more gas looking for open stations
           Gas lines form and people burn more gas waiting in line
           Fights break out over places in line; people get shot
 
Don’t scoff, all that happened in the 70’s.

Last edited 2 months ago by Paul Johnson
AndyHce
Reply to  Bob Tisdale
March 18, 2022 11:29 am

but so many people seem to believe otherwise
like someone I knew once told me about a woopher he believed. Why? I asked
“Because the army said so and the army never lies.”

Tom Abbott
Reply to  Bob Tisdale
March 19, 2022 6:28 am

Yes, excellent article, David. It should be emailed to every congresscritter It destroys the propaganda being put out by the Biden administration.

bonbon
March 18, 2022 3:44 am

It is called inflation. Who wudda thunk?
Hitting the US and EU at the same time. All kinds of babbling on both sides of the Atlantic, bordering on hysteria. No wonder Biden is incoherent!

President Putin put is calmly and cool :

“The myth of the Western welfare society, the so-called golden billion, is crumbling.”
Because of decades of crazy financial policies especially since the Lehman 2008 crash.
D.C. is in total hysterical panic, as is London.
Looks like the end of the Petrodollar, that fake dollar since Nixon dumped Bretton Woods in 1971.
The hysterical effort to supply the EU with US LNG at exorbitant prices just shows TANSTAAFL is absolute bull – the so-called free-market is just a plundered free-lunch.
The US has to resort to open plunder, with nothing to contribute anymore.

Much better to openly admit utter and total bankruptcy, and re-organize the problem.

jeffery p
Reply to  bonbon
March 18, 2022 5:50 am

Quite a meaningless word hash there.

Derg
Reply to  jeffery p
March 18, 2022 6:44 am

It will be interesting if the US dollar does not carry the same weight as the past, but as long as they have one of the largest militaries I guess it’s possible through force?

Drake
Reply to  Derg
March 18, 2022 8:40 am

Yep, and the US, since WWI has always used its military to crush other democracies and force them to bend to our economic wishes.

Note that the US even tried, under TRUMP!, for force the European countries to pay their fair share of common defense, and the Europeans immediately began to do as they had PROMISED to do. NOT.

The US, foolishly, has been carrying the water for the world’s international waters and fight against global terrorism. Really silly.

IMO, the US should spend a little while (3 to 5 years) stockpiling those resources we can’t mine in our territories, re-establish the industries crushed by Chinese dumping, (steel, TVs phones) and then go isolationist and let people like you and bonbon live in your terrorist filled Russian and Chinese controlled failing countries.

With all the petrodollars out in the world, if the petro dollar is no longer the standard, there will be only one place to spend those dollars. The US manufacturers will be able to set the price of WHATEVER your countries wish to buy.

And with full true energy and food independence, the US can just tell all you haters to shove it.

And as to using our military, I would blow up all the Russian pipelines to Europe, just for the fun of it. Let you clowns live on your solar and wind. /sarc??

Derg
Reply to  Drake
March 18, 2022 9:00 am

No kidding wind and solar are stupid for industrialized countries

Tom Abbott
Reply to  Derg
March 19, 2022 6:35 am

Extremely stupid.

We are living in an Idiocracy.

bonbon
Reply to  Drake
March 18, 2022 9:44 am

The US outsources everything, including terrorism. Look at their ISIS, trained by the CIA, exactly like the Ukraine Nazis, same tactics. Russia saw this in Syria, dealt with it, and now exactly the same in Ukraine.
As Scott Ritter says, someone who actually knows what he is talking about, unlike the mob here, Ukrainian Nazis were left down by NATO, and they will disperse throughout the EU armed with cache’s of stingers and Javelins. Just imagine Air Force One trying to land in Paris or Berlin with these guys on the ground? Has anyone any idea what this means?

MarkW
Reply to  bonbon
March 18, 2022 10:42 am

And here we go again. If it’s bad, the US caused it.
NATO, evil, Putin will save the world.

Derg
Reply to  MarkW
March 18, 2022 10:51 am

I don’t think so, but you would be surprised what the US government meddles in.

BTW, Russia and Ukraine are in talks over a settlement…now why isn’t this news not plastering that all over?

MarkW
Reply to  Derg
March 18, 2022 12:06 pm

They have been in talks since Russia first invaded. Pretty much it’s been Russia demanding everything in exchange for stopping the slaughter.

Elle Webber
Reply to  MarkW
March 18, 2022 12:34 pm

And Russia lying about it.

Why would Ukraine or anyone else believe anything the Russians say/promise/sign?

MarkW
Reply to  Elle Webber
March 19, 2022 8:01 am

A week ago bonbon was quoting a Russian language site that claimed that Ukraine had been using the exclusion zone around Chernobyl to build a plutonium based dirty bomb.

John Endicott
Reply to  MarkW
March 21, 2022 3:43 am

It’s bonbon you are replying to. Even if he says the US caused it, the US is really only the puppet of the evil British Banksters. It’s Mark Carney that his hero Putin needs to save the world from.

Meab
Reply to  bonbon
March 18, 2022 1:25 pm

Flat lie, bonobo, you brainwashed Marxist propagandist. The whole world knows that Russia is behind ISIS, that’s why Putin is asking ISIS to join Russia in his barbaric war against Ukraine. Go F yourself.

Tom Abbott
Reply to  Meab
March 19, 2022 6:57 am

“that’s why Putin is asking ISIS to join Russia in his barbaric war against Ukraine”

Yes, I hear Putin wants to bring in 16,000 Syrian fighters to help him out in Ukraine.

I guess Putin wants to reduce the number of Russian troops sent home in bodybags. This can’t be helping Putin’s approval ratings at home. Putin wants Syrian mothers to be crying over this war, instead.

And one has to wonder just how hard the Syrians will fight for the Russians. My guess is they are not going to put out a 100-percent effort.

The Ukrainians, on the other hand, will be putting out a 100-percent effort no matter who they are going up against. They’ve stymied the Russian troops, and I imagine they will do the same to the Syrian troops.

Russia has 200,000 troops in Ukraine. Urkaine has 40 million citizens who will resist the Russian troops. All the Ukranians need are effective weapons, they already have the fighting spirit they need.

We may get lucky and the Ukrainians will save themselves and us from a much more terrible future by fighting the Russians to a standstill.

When you see all the misery and death caused by this war, just think of one name: Putin. He is the cause of every bit of it. A truly evil person.

The next question to ponder would be is Putin suicidal? This would be in conjunction with Putin’s threats of nuclear war.

A nuclear war would kill Putin and Russia. Is Putin crazy enough to pull that trigger? Is a failure in Ukraine a nuclear trigger? Only to a suicidal psychopath.

I don’t think Putin is suicidal. Dictators are always very concerned about their own safety. If pulling the nuclear trigger guarantees Putin and Russia die, I don’t think Putin will pull the trigger.

This also applies to Xi and the Chicoms, too. Pull the trigger and the way of life for all of us dies. So don’t be stupid. There are worse things than losing a few battles, or being unable to force yourself on others.

MarkW
Reply to  Tom Abbott
March 19, 2022 7:59 am

The problem for Putin is that if he wants to remain in power, he can’t lose in Ukraine. Many of the oligarchs who Putin helped to make rich and who in turn helped to keep him in power have fled Russia.
Putin is starting to give Stalinesque speeches about the need to purge traitors.

Rich Davis
Reply to  bonbon
March 18, 2022 5:34 pm

meab has it spot on

ihfan
Reply to  bonbon
March 19, 2022 5:37 pm

Look at their ISIS, trained by the CIA, exactly like the Ukraine Nazis, same tactics.

Ukraine Nazis?

How does it feel being one of Putin’s Puppets, “bonbon”? Do you think he’s going to reward your efforts to distribute misinformation with some of the rubles he’s stolen from Russian citizens?

So how many women and children would it be acceptable to kill to stop these rumored “Ukrainian Nazis”? I guess we’re going to find out, now that the war criminal Putin is busy slaughtering innocent civilians in order to track down non-existent Nazis hiding behind every movie theater and hospital.

It’s funny to hear that he’s begging the Syrians and Chinese for help. I guess his army of terrorists isn’t as modern as the world was led to believe.

Michael S. Kelly
March 18, 2022 3:53 am

Here’s the first lie in this story:

Biden fired off a tweet Wednesday morning…”

Somebody prove to me that Biden knows what a tweet is, let alone how to fire one off.

Last edited 2 months ago by Michael S. Kelly
Bob Tisdale(@bobtisdale)
Editor
Reply to  Michael S. Kelly
March 18, 2022 3:59 am

“Somebody prove to me that Biden knows what a tweet is, let alone how to fire one off.”

Thanks, Michael, that made me laugh.

Regards,
Bob

Clyde Spencer
Reply to  Bob Tisdale
March 18, 2022 11:05 am

JB probably thinks a “tweet” is a free ice cream cone.

Tom Abbott
Reply to  Clyde Spencer
March 19, 2022 7:14 am

Bird noise.

H.R.
Reply to  Michael S. Kelly
March 18, 2022 5:05 am

Here’s the second lie, Michael S.:

“Well, apart from not being dead, […]”

CGI is getting really good nowadays. Perhaps we should be demanding proof of life?
😉

MarkW
Reply to  H.R.
March 18, 2022 6:03 am

There’s dead, and then there’s brain dead.

Ron Long
March 18, 2022 3:55 am

Thanks, David, for laying out some real data. The other issue for the entire chain of carbon-based energy is risk analysis. Companies tend to analyze risk when they design their business activities, both at the investment end and the sales end of the business. The deranged attack on carbon-based energy by the Brandon administration slows down investment and looks for profit opportunities. This does not mean “taking advantage” of consumers, it means following laws of supply and demand AND analyzing the potential for future adverse impacts of an administration out of control.

MarkW
Reply to  Ron Long
March 18, 2022 6:05 am

Liberals start with the assumption that people who work for profit are evil, and everyone who works for the government is a saint.
I’ve had several leftists tell me that if we could only outlaw profit, than consumer prices would fall by at least half.

Derg
Reply to  MarkW
March 18, 2022 6:51 am

I work with a woman who told me that people working at Dominoes should get a livable wage. I asked what that meant and then she went down a rabbit hole of $15 an hour. I told her she was cheap and asked why not $100?

“Well that is too much.” 😳

MarkW
Reply to  Derg
March 18, 2022 8:48 am

The reality is that no employer will ever pay more than the labor is worth to him. If the job isn’t worth $15/hr, then the person will be let go.

Mandobob
Reply to  MarkW
March 18, 2022 6:52 am

They would likely fall to zero since there eventually would be no consumer products to purchase. Sort of like the former Soviet Union.

Don Perry
Reply to  MarkW
March 18, 2022 7:07 am

I’d bet those same idiot liberals are counting on the 401K for retirement. I wonder if they realize where the heck that money comes from.

Kevin kilty
Reply to  Ron Long
March 18, 2022 7:32 am

That intermediaries face risks and opportunities on both ends is a concept that people who never had to take risks simply cannot understand. However, without looking at both ends, and just doing what helps pols solve their problems, would probably quickly lead to no products to purchase.

Philip
March 18, 2022 4:02 am

This^ and Biden administration using Putin’s war in the Ukraine as a way to leverage the GND/Government green energy sector growth. And let’s not forget Bidens deal with Putin($10Billion) and the Iranian Ayatollah for Russia to build nuclear sites there.
My question is, who are we going to get to clean up after Biden’s tenure? I don’t think Trump will want back in for another single term, and DeSantis so far says he’s committed to Florida. Looks like the world is SOL!

Scissor
Reply to  Philip
March 18, 2022 5:22 am

The good news is government spending reduces its debt.

MarkW
Reply to  Scissor
March 18, 2022 6:06 am

According to bonbon, Putin is ready willing and able to take over the world and lead us all into a new golden age.

Derg
Reply to  MarkW
March 18, 2022 6:55 am

No, Putin has said for NATO to stay out of Ukraine. He has been saying it for over a decade.

Now refresh our memory, what were Biden, Hillary, Romney…doing in Ukraine?

Extra points if you write keeping the peace 😉

This a conflict the US should stay away from, but the war drum beats are growing for both sides of the aisle.

Frank from NoVA
Reply to  Derg
March 18, 2022 8:09 am

Well said. Btw, did you catch Ah-nold’s message to the Russians yesterday? Someone should point out to that nitwit that one of the reasons we didn’t go up in smoke during the Cold War was because his native country (Austria) stayed neutral and out of NATO. We were a lot smarter back then.

Frank from NoVA
Reply to  Frank from NoVA
March 18, 2022 9:22 am

I see I must have offended some of Ah-nold’s more bellicose fans. Please keep in mind that his being an actor, and not a very good one at that, doesn’t make him intelligent. In fact, given his inconsistent embrace of climate alarmism and very large vehicles, I’d say he’s dumber than a post.

AndyHce
Reply to  Frank from NoVA
March 18, 2022 11:39 am

he did make a few funny movies

MarkW
Reply to  Derg
March 18, 2022 8:51 am

Whether Ukraine joins NATO is the Ukraine’s decision, not Russia’s.
I find it fascinating how individuals who are always whining about imaginary instances of the US bullying other countries, bend over backwards to excuse actual instances of bullying.

Derg
Reply to  MarkW
March 18, 2022 9:01 am

Yep, so when do you want us to march into China 😉

MarkW
Reply to  Derg
March 18, 2022 9:24 am

So unless we are willing to solve every problem, we shouldn’t solve any problems?
Can’t you at least come up with a come back that makes sense?
BTW, why are you changing the subject again?

bonbon
Reply to  MarkW
March 18, 2022 9:47 am

Look at the problem solved in Afghanistan, get back to us with a better example. Meanwhile onto creating more problems….

MarkW
Reply to  bonbon
March 18, 2022 10:43 am

Afghanistan was solved. Then Biden came along.

Frank from NoVA
Reply to  MarkW
March 18, 2022 11:17 am

Clearly, the fact that our puppet government, despite having about $70 billion worth of US military ordinance on hand, collapsed so quickly means that Afghanistan wasn’t solved.

Tom Abbott
Reply to  Frank from NoVA
March 19, 2022 7:37 am

If you leave your enemy a safe haven where they won’t be attacked, then you will never get rid of the problem they pose because you give them time to lick their wounds, recruit more cannon fodder, resupply, and go back into the fight.

Ruthless leaders can carry on for years this way, and have in the past.

The solution is to not give your enemy any quarter. This has the advantage of getting the fighting over with quickly which saves lives as compared to a long drawn-out war of attrition.

This was the mistake the U.S. politicians made in both the Vietnam war and the Afghanistan war. This is a Joe Biden-type appeaser policy, and look what it gets us.

The U.S. military had the right idea: Go in and cut the head off the snake, bu the politicians were the ones in control and they were too timid to run an efficient, successful war. They handcuffed the U.S. military at every turn.

And even so, the U.S. military had everything under control in both South Vietnam and Afghanistan until the U.S. troops were withdrawn, which the leftwing appeasers like Joe Biden insisted on. Had we left some troops in South Vietnam, there would still be a South Vietnam today. The same with Afghanistan.

It wouldn’t have been perfect but the situation would have been stabilized and progress towards becoming perfect could have been made.

Joe Biden is the poster child for leftwing appeaser politicians, and you can see the damage this delusional vision of the world is doing to the United States and others around the world, right in front of our eyes. This is what you get with leftwing appeasers: Turmoil, suffering and death.

MarkW
Reply to  Frank from NoVA
March 19, 2022 8:04 am

Not many governments can survive when support when the rug is suddenly and unexpectedly pulled out from under them.
Prior to that, the situation was stable and improving.
Puppet government? Is that your term for anyone who isn’t hostile to the US?

Tom Abbott
Reply to  MarkW
March 19, 2022 7:26 am

Then Biden came along and threw all the innocent Afghans to the wolves.

I hear about 22 million Afghans are in danger of starvation now. Good move there, Joe.

Joe Biden’s stupidity has been the cause of the killing and displacement of millions of innocent people in the world. Millions in Vietnam. Millions in Iraq and surrounding areas during the Islamic Terror Army era. Millions in Afghanistan.

Joe Biden and his delusional thinking is a disaster for countless numbers of innocent humanity.

And Joe is not done doing damage yet.

Joe needs to be impeached and removed from office to limit the damage he is doing to the United States and the world.

Last edited 2 months ago by Tom Abbott
Derg
Reply to  MarkW
March 18, 2022 9:53 am

Do you want to go to war with Russia?

MarkW
Reply to  Derg
March 18, 2022 10:44 am

Doesn’t matter what I want. Putin wants to go to war with everyone who has something he wants.
When being attacked, your choices aren’t war or peace, they are war or slavery.

Derg
Reply to  MarkW
March 18, 2022 10:53 am

I asked you. Do you want to go to war with Russia?

MarkW
Reply to  Derg
March 18, 2022 12:07 pm

I answered your question. Perhaps English isn’t your first language.
Did the British “want” to go to war with Hitler?

Last edited 2 months ago by MarkW
Frank from NoVA
Reply to  MarkW
March 18, 2022 12:26 pm

Generally, the first person to bring up the H-word loses the debate.

MarkW
Reply to  Frank from NoVA
March 18, 2022 1:39 pm

That’s pretty pathetic. Regardless, the quote is that the first person to compare someone else to Nazi’s loses.

Rich Davis
Reply to  Frank from NoVA
March 18, 2022 5:42 pm

Hillary?

Frank from NoVA
Reply to  Rich Davis
March 18, 2022 8:55 pm

Fair point.

Derg
Reply to  MarkW
March 18, 2022 2:11 pm

So you want to go to war of Ukraine?

You send your family first.

Clyde Spencer
Reply to  Derg
March 18, 2022 11:11 am

Sometimes one has to do things they would rather not do, just because the alternative is untenable.

Neville Chamberlain is a lesson that too many have forgotten.

Last edited 2 months ago by Clyde Spencer
Derg
Reply to  Clyde Spencer
March 18, 2022 11:41 am

I am not interested in a war with Russia over Ukraine. Europe can have the refugees for all I care.

MarkW
Reply to  Derg
March 19, 2022 8:15 am

And if you are lucky, the crocodile will eat you last.

Frank from NoVA
Reply to  MarkW
March 18, 2022 9:34 am

“Whether Ukraine joins NATO is the Ukraine’s decision…”

When were they officially invited?

MarkW
Reply to  Frank from NoVA
March 18, 2022 10:44 am

They never were, which makes Putin’s excuse even more ludicrous.

Frank from NoVA
Reply to  MarkW
March 18, 2022 11:29 am

Oh. So Vlad the Bad just woke up 20-some days ago and decided to invade Ukraine on a whim?

MarkW
Reply to  Frank from NoVA
March 18, 2022 12:09 pm

No, he’s been planning on taking over Ukraine for a long time, he just felt that now was the best time. NATO was the proximate excuse that he used.
What his excuse for the next country will be, we will have to wait and see.

Frank from NoVA
Reply to  MarkW
March 18, 2022 12:29 pm

“NATO was the proximate excuse..”

You mean ‘proximate’, in that we’ve only known about it for 20 years, or so?

MarkW
Reply to  Frank from NoVA
March 18, 2022 1:41 pm

We’ve known that Putin wanted to take over Ukraine for 20 years. That is true.

bonbon
Reply to  MarkW
March 18, 2022 9:37 am

Anyone who has even the slightest inkling about NATO knows it is up to the members to decide who joins, not the applicant. And with a civil for 8 years raging, no sane member wants Article 5 to be on the day of entry. Zelenskyy knows this, Putin knows this, Scholz knows this, Macron knows this, Pelosi likely not, and Biden maybe on Wednesday afternoons, and you not at all.

Frank from NoVA
Reply to  bonbon
March 18, 2022 10:56 am

“And with a civil for 8 years raging, no sane member wants Article 5 to be on the day of entry.”

Yes, kinda like insuring a house whose owner is about to set it on fire.

stewartpid
Reply to  MarkW
March 18, 2022 10:16 am

So Mark if Russia and China surrounded the US with missiles in Canada, Mexico and Cuba would that be okay too?

MarkW
Reply to  stewartpid
March 19, 2022 8:09 am

Where did this nonsense about missiles come from?
There are only two countries in NATO with nukes, US and Britain.
Ukraine doesn’t have nukes because they gave up the Soviet nukes that they inherited to the Russians in exchange for a NATO guarantee of protection from Russia.
Ukraine doesn’t have nukes now, and wouldn’t have nukes after joining NATO.

whiten
Reply to  Derg
March 18, 2022 8:59 am

It is even worse.
From USA side is all about the election year.
Come November, the democrats will wipe the floor with republicans.

What ever advantage the republicans had is already gone.

Political, economical and social chaos-instability in USA is and happens to be the main top-core ingredient for the democrat’s election machine to thrive in manipulating/stealing the votes regardless, brutally or otherwise, and win and even win bigly.

The war in Ukraine is simply a chance and a reason milked by democrats to make things worse politically economically and socially in USA, simply for the benefit of the democrats and their November win.
No one in DC,,White House or/and Capitol Hill cares about Ukraine really.

The democrats are already in the path to win big this November, thanks also to so many and corrupt coward republicans in DC… and many other blind ones.

But in the end, at least democrats are no cowards but rather bold, got to give it to them that much, whether one likes it or not.

cheers

Frank from NoVA
Reply to  whiten
March 18, 2022 10:26 am

Sorry, I’m a bit confused by your post. It’s clear that you think the war in Ukraine means “the democrats will wipe the floor with republicans” in the next election. However, I wasn’t sure if that’s because you believe the Republicans 1) care more about Ukraine’s border with Russia than they do about our border with Mexico, or 2) they haven’t voted en masse to declare war on Russia yet. Please advise.

Last edited 2 months ago by Frank from NoVA
whiten
Reply to  Frank from NoVA
March 18, 2022 10:53 am

Let me repeat my point again;

No one in DC or Capitol Hill cares at all about Ukraine, either the democrats or republicans there.

Only thing in care and motivation of these people happens to be the November election.
Besides non of them care about USA either, in that regard.
And by looks of it, the republicans in DC and Capitol Hill are as corrupted as the democrats there.

And in this one republicans are somewhere between a hard place and a rock.. already, and making it worse for themself.

As things stand, only something classified under “miracle” will make a difference in favor of republicans come November.

Not sure if this clarifies further my point made, to you, but no minding it.

Well, thanks for your interest and effort, and feel free to further query if you like to.

🙂

cheers

Frank from NoVA
Reply to  whiten
March 18, 2022 11:10 am

You’ll get no argument from me that too many Republicans haven’t exactly been stalwarts in opposing the left’s march to perdition. My question was why / how you believe that the war in Ukraine would contribute to the upcoming electoral ‘floor wiping’.

whiten
Reply to  Frank from NoVA
March 18, 2022 11:46 am

As I pointed clearly, it is a chance and a reason for the democrats to further jeopardize the political economical and social already unstable state of USA… and boy have they milked that already, to their heart content!

Whatever helps in that direction is very helpful for their election win in November… and the war in Ukraine, and the response to it, has already very much helped there, and it will continue to do so… especially when considering the response from the DC corrupted republicans.

The response by democrats to the war in Ukraine has had only one aim and goal, to further potentially destabilize USA economically, politically and socially, and also cover up the previous actions, during the last two years, by the democrats in power, towards the same aim and goal…
and that has being quite successful thus far for them.

Hopefully you have not forgot already the cost of the death of one black man, in 2020, on top of the insane house arrest at large of USA citizens during the same year.

cheers

Last edited 2 months ago by whiten
Rich Davis
Reply to  whiten
March 18, 2022 5:56 pm

Latest polls have Brandon at 38% approval whiten. So if this is a wag the dog move, the dog ain’t budging.

whiten
Reply to  Rich Davis
March 18, 2022 9:09 pm

Sorry Rich,
but your reply completely irrelevant to my comments, for not saying it being insulting.

Thanks anyway.

ihfan
Reply to  whiten
March 19, 2022 5:52 pm

The democrats are already in the path to win big this November

Uhhh – not really. They’ve lost the independents. They’re going to have to work doubly hard this time to get dead people and felons to the polls to prevent a Republican landslide.

For fun, perhaps you could post some links to credible sources that explain just how the Democrat party is not going to get spanked in November?

Philip
Reply to  Scissor
March 18, 2022 9:08 am

and… inflation. 😁

2hotel9
March 18, 2022 4:32 am

Were you to begin cataloging Faux Joe’s lifetime of lies you would end up with a stack of pages as large as a set of encyclopedias. All he has done throughout his career is lie.

jeffery p
Reply to  2hotel9
March 18, 2022 5:51 am

I’d like to put Corn Pop on the stand for some Q and A.

2hotel9
Reply to  jeffery p
March 18, 2022 6:24 am

Yea, right after “10% for the Big Guy” Hunter. Then put the video of Faux Joe bragging about getting the Ukrainian prosecutor fired on a continuous loop on all “news” channels for a week.

Derg
Reply to  jeffery p
March 18, 2022 6:56 am

You would get word salad Bob type answers.

John Endicott
Reply to  jeffery p
March 21, 2022 4:09 am

Perhaps Tony the Tiger and the Lucky Charms leprechaun can come in as character witnesses?

unfortunately fictional characters (and make no mistake, Joe’s confrontation with “Corn Pop” is entirely fictional) can’t take the stand. let alone give any As to whatever Q you may have.

(and BTW, the real life person that Biden based his fictitious encounter on, has been dead for years, so while he may be reliably pulling the D lever in every election, he won’t be taking the stand in any Earthly court)

John Endicott
Reply to  2hotel9
March 21, 2022 3:55 am

And when old Joe isn’t lying he’s stealing someone else’s lies as his own.

Michael in Dublin
March 18, 2022 4:57 am

You never had a real job in your entire miserable excuse for a life.

This should be the reason for booting many politicians. Vote for those who have worked in real, productive jobs and are prepared to sacrifice a few years serving their communities as a politician. Term limits – two max – would also help and no hopping from say congress to the senate to extend beyond this.

Last edited 2 months ago by Michael in Dublin
MarkW
Reply to  Michael in Dublin
March 18, 2022 6:09 am

I would make the minimum age for entering politics at least 35, probably higher, and add a requirement that you have worked for a minimum number of years for a private sector employer. Government employment would not count. I might rule out various think tanks and academic sectors as well.

Frank from NoVA
Reply to  MarkW
March 18, 2022 8:19 am

“I might rule out various think tanks and academic sectors as well.”

Nice ideas, but, like the private sector work requirement, won’t fly Constitutionally. What’s really needed is an electorate that prefers individual liberty to collective servitude and is also intelligent enough to understand that being bribed with your own money is a losing proposition.

MarkW
Reply to  Frank from NoVA
March 18, 2022 8:52 am

Obviously changing the minimum age is going to require a constitutional change. So why not make both changes at the same time.

Frank from NoVA
Reply to  MarkW
March 18, 2022 10:50 am

“So why not make both changes at the same time.”

Because making arbitrary changes to the Constitution is very difficult. Which is good, because if it were easy, the bad guys, given their current lock on most of our institutions, would have already implemented a few thousand, or so, amendments that neither of us would be very happy with. Much better, then, if we could convince our fellow citizens to vote only for those politicians who give evidence that they will be constrained by the existing Constitution.

MarkW
Reply to  Frank from NoVA
March 18, 2022 12:11 pm

Well that experiment is a proven failure.

Clyde Spencer
Reply to  Frank from NoVA
March 18, 2022 11:23 am

… and is also intelligent enough to understand that being bribed with your own money is a losing proposition.

I don’t think that is likely when more than half of adults have IQs less than 100, and many of those who graduated from college only managed to do so because of watered-down curriculums.

Last edited 2 months ago by Clyde Spencer
MarkW
Reply to  Clyde Spencer
March 19, 2022 8:10 am

Most of them aren’t being bribed with their own money because most of them don’t pay taxes in the first place.
They are being bribed with money that was stolen from someone else.

niceguy
Reply to  MarkW
March 19, 2022 10:27 am

Nice but absolutely unworkable!
How would you determine what counts as “private”?

MarkW
Reply to  niceguy
March 19, 2022 1:09 pm

Not funded by taxpayer dollars

Jim Gorman
Reply to  Michael in Dublin
March 18, 2022 6:46 am

Yes, these Ivy League millennials who have never made a payroll, never made/lost profit, and never supplied a product are suddenly business experts that know how the free market should work.

They are socialists, facsists and Marxists without even realizing it. The indoctrination at university sank in well.

Trump and most of his advisors had worked in the real world and understood what it takes to let people have the freedom to innovate without government intrusion.

God save us from these overeducated, under experienced bureaucrats!

Frank from NoVA
Reply to  Jim Gorman
March 18, 2022 8:23 am

“Yes, these Ivy League millennials who have never…”

Truth be told, progressive thought and politics didn’t begin with the Millennials – witness the beginning of total government under Woodrow Wilson. Might I suggest the term ‘Ivy League Nitwits’?

Derg
Reply to  Frank from NoVA
March 18, 2022 11:44 am

Frank you are on fire today…kudos.

Frank from NoVA
Reply to  Derg
March 18, 2022 12:56 pm

Thanks, man. I should probably go out and do something productive…

Tom in Florida
Reply to  Michael in Dublin
March 18, 2022 8:24 am

Biden is the poster child for why U.S.Senators with no other experiences are not qualified to be President. Senators make no executive decisions, they simple make speeches and vote, then move on to the next subject with no responsibility for the actions they voted on.

Clyde Spencer
Reply to  Michael in Dublin
March 18, 2022 11:18 am

The problem is that politics attracts those who have few skills that would qualify them for real jobs.

MarkW
Reply to  Clyde Spencer
March 18, 2022 12:13 pm

There are times when I have felt that the first disqualification for being president, is wanting the job.

Clyde Spencer
Reply to  MarkW
March 19, 2022 9:57 am

I completely agree! I don’t know why a sane, well-adjusted person would want the job. Probably candidates should be drafted by their party and told they have a moral and legal obligation to serve for at least 4 years.

Robert Alfred Taylor
Reply to  Michael in Dublin
March 18, 2022 4:47 pm

Term limits transfer more power to the permanent bureaucracy. It takes many years to gain enough experience, favors, knowledge, and power to control it. Watch Yes Minister and Yes Prime Minister. The first is better.

MarkW
Reply to  Robert Alfred Taylor
March 19, 2022 1:06 pm

It’s career politicians who create career bureaucrats in the first place. They feed off each other.

March 18, 2022 5:03 am

Thank you for a good dose of common sense this am. Can you supply us the Fed and State’s taxes on average, for a gallon of gasoline? That might be something worth discussing Brandon!

Gums
Reply to  David Middleton
March 18, 2022 8:29 am

Wait!
Those percentage of pump price or absolute cents per gallon?
Gums asks…

Wade
March 18, 2022 5:26 am

Parasite swamp creatures, such as Joe Biden, never once had a real job. Therefore, they do not know how businesses work. This is equally true for both the democrats and republicans in this country.

First, businesses exist to make money. When their costs go up, they have to raise their costs, or lose money. If the cost for the next shipment is going to be double the last one, you will need the capital to buy the next shipment. That means raising your costs before you have to order. It takes work to make money; therefore, smart businesses don’t waste it. (In contrast, governments never earn money, just take it. Therefore, they don’t know how hard it is to get it and thus are quick to waste it.)

Second, when fuel prices are rising, people are quick to fill up before the next price increase. This means the tanks are drained quicker and thus the station has to order more fuel at the higher cost. That, combined with a business needing the money to purchase the next batch, is why prices rise quicker. But when prices are falling, people put off buying fuel because they hope to pay less when they do fill up. Which means the station is sitting on fuel they paid a higher price for. They don’t want to lose money, so they slowly lower prices.

Politicians aren’t good at business. They are good at being smooth talkers. This is one of the many reasons why socialism in all its forms can never succeed.

Although, Biden may be right in that Putin is responsible for the high gasoline prices. After all, the Russians have been funding the eco-hypocrites for a very long time, making people believe that a gas that is 0.042% of the atmosphere can control the climate. Imagine how much more oil we could drill for if the eco-zealots had less money and influence!

MarkW
Reply to  Wade
March 18, 2022 6:28 am

You don’t need legislation or political jaw boning to get companies to lower prices. All you need is open competition.
Allow me a few simplifying assumptions.
Imagine a city with 10 independent gas stations and that all stations are close enough that driving from one to another is a trivial cost.
Let’s also imagine that their costs of operation work out to 10 cents a gallon.
Finally the cost of gas for all stations is $4/gallon, and all stations are selling for $5/gallon.

Now imagine what happens when one of those stations drops their price from $5/gallon to $4.99 per gallon.

Yes, their profits drop from $1/gallon to $0.99/gallon, but they are selling more gas. If their sales go up by more than 1%, then their total profits are up. For every other gas station, their total profits are down.
What is preventing the cheaper station from taking all the volume? Presumably there are some people who aren’t willing to drive across town to save just $0.01/gallon. That station might also be hitting volume limits.

The other 9 stations are now faced with a problem. They can either learn to live with there reduced profits (however if the cheaper station uses some of it’s increased profits to increase it’s ability to pump more gas, those losses might increase) or they can try to do something about it.
In a society with functioning laws and law enforcement, there are only two legal options. You can buy a politician or you can cut your own prices.

If the other stations chose to cut their prices, the situation returns to a stable one. Until some trouble maker decides to cut prices again.

Lather, rinse, repeat until all stations are making profits that are just enough to live on.

MarkW
Reply to  MarkW
March 18, 2022 8:54 am

And before someone claims that the gas stations could just form a cartel in which they all agreed to keep their prices up. Without an enforcement mechanism, cartels only work until the first company decides to cheat.

Frank from NoVA
Reply to  MarkW
March 18, 2022 10:00 am

“Without an enforcement mechanism..”

Aka, the government.

Clyde Spencer
Reply to  Wade
March 18, 2022 11:28 am

They are good at being smooth talkers.

There is an old Japanese proverb that “It is rare to find a man who speaks well who is trustworthy.”

jeffery p
March 18, 2022 5:48 am

Truth? Brandon doesn’t have to tell the stinking truth. He just has to lie well enough for the media and talking heads to accept it.

Our media, commentators and much of the American public are an incurious lot. If it validates their beliefs, it’s as good as true.

MarkW
Reply to  jeffery p
March 19, 2022 8:13 am

Other than Fox, not a single one of the broadcast media has covered the story that the NYT has finally admitted that the laptop discovered during the 2020 campaign actually was Hunter Biden’s and that the e-mails on it were real.

The claim that it was just Russian propaganda was just another media lie to bury a story embarrassing to their candidate.

Duane
March 18, 2022 6:47 am

Dude, as usual you are doing the lying, not Biden.

Biden said and I quote, “Oil and gas companies”. He did not say “refiners” which is your convenient dodge – a lie, actually. Oil and gas companies obviously includes retailers, doofus. Oil and gas retailers are oil and gas companies. Consumers purchase oil and gas from oil and gas retailers.

It does not matter which oil and gas companies benefit from the “rise like a rocket, fall like a feather” phenomenon which everybody sees and complains about.

There is obviously a lag in dropping prices, but equally so there should be a lag in price increases, but alas there is not. The consumer takes it in the shorts, and oil and gas companies profit from that.

Duane
Reply to  Duane
March 18, 2022 6:51 am

Middleton is merely WUWT’s apologist/propagandist for the oil and gas industry, which according to him are perfect paragons of virtue and civic responsibility … instead of the mega-industry that cannot get it’s shit together in managing supply vs demand and consequently leaps from mega highs to mega lows, profit kings one month to going out of business a couple months later. Not evil, and not good .. but in some respects is rather incompetent.

Kevin kilty
Reply to  Duane
March 18, 2022 7:44 am

You seem to be complaining that this “megaindustry” isn’t clairvoyant, or that they don’t have control of demand, or cannot manage prices to the satisfaction of Duane.

The petroleum industry has been one of the most innovative industries in all of history. Especially innovative since the “fuels crisis” just after WWII. Yet rather than capture most of the rewards of this innovation itself probably 80% of the rewards of their innovation have passed through this industry to….drum roll, please….government and consumers!

griff
Reply to  Duane
March 18, 2022 8:40 am

Middleton seems to understand the oil and gas business, in detail…

He just doesn’t connect it with the bigger picture around climate change, fossil fuel subsidy and the relentless growth of renewables because they are useful and effective.

(and he like Star Trek – so got to be a good guy!)

Frank from NoVA
Reply to  griff
March 18, 2022 12:16 pm

griff,

You’re a real treat, as well as a Trekkie! Speaking of unreliable renewables and Star Trek, how many of the plot lines in the original series centered around the Enterprise having to gimp its way around the galaxy on impulse power because the dilithium crystals failed?

(As an aside, I was always amazed that a spaceship with huge hallways and 10 foot ceilings never had any spare crystals on hand).

John Endicott
Reply to  Frank from NoVA
March 21, 2022 4:31 am

dilithium crystal failure is really only a serious plot point in a small handful of TOS episodes

Perhaps too many dilithium crystals on hand is a safety hazard. Notice the Enterprise never parks within 50 feet of other starships per Galactic Manufacturing (GM) suggestion to reduce the risk of a potential fire spreading to other starships. /sarc

Last edited 2 months ago by John Endicott
Tom Abbott
Reply to  griff
March 19, 2022 7:54 am

The graphs tell the story, Griff.

MarkW
Reply to  Duane
March 18, 2022 8:57 am

Showing that the claims being made are lies, makes one an apologist/propagandist?

In your eagerness to defend your boy, you sure do make a fool of yourself.

Derg
Reply to  Duane
March 18, 2022 10:56 am

Duane grab your meds again and slow your roll.

Clyde Spencer
Reply to  Duane
March 18, 2022 11:30 am

And, your excuse for all the other industries having supply line problems is?

Kevin kilty
Reply to  Duane
March 18, 2022 7:37 am

Dude, do you know that the dynamics of the price rise/fall are slightly different? No, of course not. The point is that averaged over a reasonable time scale there are no windfalls to be found here.

MarkW
Reply to  Kevin kilty
March 18, 2022 8:58 am

Duane is afraid that if people start to regret voting for Biden, they might start thinking better about Trump, and that’s something that Duane couldn’t handle.

DaveinCalgary
Reply to  Duane
March 18, 2022 7:51 am

Oil and gas companies obviously includes retailers, doofus.”

If you had read the informative article you would learn that 95% of retailers are independently owned and earn only 1.4% margin on the gas. Their profits come from convenience store items. Their meagre profits come from overcharging on doritos not gas!

PS name calling is always uncivil but when you are wrong, makes one look twice as foolish.

TonyG
Reply to  DaveinCalgary
March 18, 2022 9:50 am

PS name calling is always uncivil but when you are wrong, makes one look twice as foolish.

Duane resorts to it fairly often. I think he somehow thinks that’s a good way to win people over to his point of view.

Frank from NoVA
Reply to  Duane
March 18, 2022 8:26 am

Uh-oh, it’s Mr. Hyde Duane today.

Tom in Florida
Reply to  Duane
March 18, 2022 8:27 am

Crude oil prices are future contract prices. Gas retailers base their prices on what they will be paying under that futures contract.

Drake
Reply to  Duane
March 18, 2022 8:54 am

So you are, as usual, full of sh!t.

I got diesel at a owner operated gas station, which most are, in NC this summer as the prices were rising due to the Colonial pipeline hack shutdown. His prices, off of Gasbuddy (see above), were 15 cents lower than those around. I wasn’tpulling my 5th wheel so ventured some back roads that were not mush out of my way. He was off the beaten path. After I filled up, a fuel truck showed up. The owner got ready to change his price signs telling me that the load was more expensive than his last delivery, so he was raising his prices accordingly.
Possibly he was cheaper because he sold less gas and hadn’t gotten a newer delivery and the other busier stations HAD, so the higher prices were reflected?

People like you, Duane, have so much hate in your heart that everything you don’t understand about business is due to evil fill in the blank.

What a maroon.

Clyde Spencer
Reply to  Drake
March 19, 2022 10:01 am

Isn’t the ‘macaroon’ the official DNC dance?

MarkW
Reply to  Duane
March 18, 2022 8:56 am

I notice that Duane doesn’t even attempt to refute any of the data presented. He just gets his panties in a wad because once again his boy in the White House is being shown to be a lying idiot.

ih_fan
Reply to  Duane
March 18, 2022 11:16 am

Oil and gas companies obviously includes retailers, doofus.

Costco is an oil and gas company, according to your definition.

John Endicott
Reply to  ih_fan
March 21, 2022 4:37 am

I guess, under that definition, so is Wawa and Sam’s Club LOL. I don’t know of many people that think “Wawa”, “Sam’s Club” or “Costco” when the term “oil and gas companies” is tossed around.

Kevin kilty
March 18, 2022 7:21 am

Great article, David, but Biden’s purpose is telling a bed-time story to his huge population of very ignorant supporters. Never expect truth from bed-time tales. The purpose is to get the listener to go to sleep.

Kevin kilty
March 18, 2022 7:26 am

Government shouldn’t fill its coffers at the expense of hard-working Americans!

Lord help us…

Thomas Mark Schaefer
March 18, 2022 7:49 am

Wow! What an awesome list of actions for a legitimate president to take to begin to resolve the current economic disaster, a disaster that will eventually lead to the end of the reserve currency status of the dollar – which may be Biden’s plan.

I’ll make a prediction: Approximately 6 months from now, when hundreds of millions are starving in the 3rd world, there will be D. Middleton article here explaining how this administration’s energy policy lead to it. The pictures and videos coming in from around the world will make us all vomit, and then go out and denounce every single Democrat we are aware of. Among the righteous, the coming famine will be the last straw in our tolerance for these minions of the horsemen of the apocalypse.

Vuk
March 18, 2022 8:40 am

His age can’t makeup for lack of practice, he’s simply an amateur when compared to the professional consummate practitioner residing in No.10 Drowning Street.

griff
March 18, 2022 8:43 am

Biden doesn’t seem the brightest or sharpest US President… very average.

But then he’s not a lying serial adulterer and scoff law who looks like a haystack.

drh
Reply to  David Middleton
March 18, 2022 10:19 am

I must say, you’re collection of apropos GIFs continues to impress. I don’t think I’d seen this one before! You owe me a keyboard, BTW.

ihfan
Reply to  griff
March 19, 2022 5:59 pm

But then he’s not a lying serial adulterer

Neither was Trump. It’s a good thing that they weren’t. You must be thinking of someone else?

John Endicott
Reply to  griff
March 21, 2022 4:39 am

Yeah, griff, but why pull Bill Clinton into the conversation?

Kevin kilty
March 18, 2022 9:05 am

Off topic slightly, but 5th circuit court of appeals has reinstated the Biden Administration social cost of carbon rule of the FERC. The 10 states of the original complaint allegedly “lack standing”. They will probably now ask for an en banc hearing.

A great short article on the petroleum markets is available at the Hoover Institution website.

Frank from NoVA
Reply to  Kevin kilty
March 18, 2022 12:51 pm

Lack of standing seems to be the judiciary’s main excuse not to address the left’s blatant attacks on limited government. Per SCOTUS, no one has standing to contest the rigging of an election by a handful of Democrat machine districts.

‘”Texas has not demonstrated a judicially cognizable interest in the manner in which another State conducts its elections,” the court wrote in an unsigned ruling Friday evening.’

mkelly
March 18, 2022 9:11 am

The administration forgets that if you are an owner of a gas station and you have say 5000 gallons in the ground based on $4.25 price and the price falls you want to delay dropping your price to recover as much as you can.

John Endicott
Reply to  David Middleton
March 21, 2022 4:45 am

Yeah, the cheapest gas in my area seems to be where there’s actually a triangle of stations. One station on the opposite side of the street from a second station with a third station (a BJ’s wholesale club that sells gas, nonmembers are charged a price that matches the price of the other two stations, members get it for a discount) practically right next door at just a block away.

CD in Wisconsin
March 18, 2022 10:37 am

“Blank Looks Matter”

Reminds me of the answer price list joke:

“Correct answers: $10
Wrong answers: $5
Dumb looks are free.”

pochas94
March 18, 2022 11:48 am

Well, you can’t call it lying if he doesn’t know any better.

John Endicott
Reply to  pochas94
March 21, 2022 4:46 am

Jerryjust rememberit’s not a lie if you believe it. – George Costanza

Doonman
March 18, 2022 5:07 pm

Biden fired off a tweet Wednesday morning…

Wait. Doesn’t Twitter suspend the accounts of Presidents for inciting violence?

March 16, 2022, Three Dead, Including Covington VA Police Officer, In Gas Station Shootout

Last edited 2 months ago by Doonman
roaddog
March 18, 2022 10:02 pm

Math is hard.

c1ue
March 19, 2022 9:00 am

I don’t disagree with most of the message, but 1.4% +70% is very far below 100%. Where are gas stations making the remaining 28.6%?

John Endicott
Reply to  c1ue
March 21, 2022 5:11 am

You are trying to add apples to oranges. You can’t simply add those two % together because they represent different things.

1) 1.4% is net margin on the gas. That only tells you how profitable the sale of gas is relative to the cost of that gas, it doesn’t tell you what percentage of the profit of the operation is represented by gas sales
2) 70% is out of the total profits of the operation.

In other words that 1.4% net margin is an aspect of the 30% of profits to the operation that isn’t from instore revenue.

Put another way. If the only thing the gas station did was sell gas (IE no store, no repair shop, etc), that 1.4% net margin would represent 100% of the profits of the operation.

Last edited 2 months ago by John Endicott
John Endicott
March 21, 2022 3:33 am

Roosevelt is dead: a man who would never tell the truth when a lie would serve him just as well.”
― Douglas MacArthur

Well, since Biden fancies himself as an FDR (when in reality, he’s more Carter than anything), that quote does seem extra fitting.

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