Gas prices $$
05-12-2022 | 10:47 AM
#712
Registered
Joined: Dec 2001
Posts: 3,922
Likes: 393
From: Indianapolis, Lake Cumberland
That bill is a worthless act that gives politicians nothing more than a bull-horn to complain to OPEC about the price of Oil. It's a smoke-screen to cover the fact that they are suppressing the development of US energy. Republicans are idiots for signing on to it and allow the Dems any cover.
Meanwhile, on the day the Administration cuts off future US oil and gas supplies, the Dems give us this:
BY TYLER DURDEN
THURSDAY, MAY 12, 2022 - 11:42 AMBrilliant!
During her weekly press conference, House Speaker Nancy Pelosi unveiled the Democrats' latest plan to slow the surge in gas prices that is top of mind for Americans. Their solution is (drum roll please): price controls!
Having begged OPEC to pump more (and quietly asked the dastardly domestic fossil fuel crowd to help out), Democrats blew their wad on the largest SPR release in history... and achieved nothing, as gas prices reached a new record high...
Democratic Congresswomen Kim Schrier and Katie Porter have introduced the 'Consumer Fuel Price Gouging Prevention Act' that will give the President the power to issue an Energy Emergency Declaration that would make it unlawful to increase gasoline and home energy fuel prices in an excessive or exploitative manner.
“At a time when people in the 8th district and across the country are feeling the pinch at the gas pump, Congress needs to be doing all it can to bring down costs for American families. What’s infuriating is that this is happening at the same time that gas and oil companies are making record profits and taking advantage of international crises to make a profit. This must stop,” said Rep. Schrier.
“Gas and oil companies should be held accountable and should not be making the situation worse by gouging Americans at the pump. This bill needs to be passed and signed into law as soon as possible.”
"Oil companies are not struggling—they continue to announce record profits and tens of billions dollars’ worth of stock buybacks—but families are," said Rep. Porter, Chair of the House Natural Resources Subcommittee on Oversight.
"Big Oil is price gouging families because they can. Enough is enough. I'm proud to help introduce this bill that will hold these corporations accountable, stop their abuse, and give families relief.”
Perhaps an 'economist' could explain what happens to supply of something is government enforces a cap on the price of that thing... (Hint: it does not go up!)
Brace for more shortages if this bill passes!
Meanwhile, on the day the Administration cuts off future US oil and gas supplies, the Dems give us this:
Pelosi Bashes 'Big Oil', Pitches Plan To Make Gas Price Increases Illegal
BY TYLER DURDEN
THURSDAY, MAY 12, 2022 - 11:42 AMBrilliant!
During her weekly press conference, House Speaker Nancy Pelosi unveiled the Democrats' latest plan to slow the surge in gas prices that is top of mind for Americans. Their solution is (drum roll please): price controls!
Having begged OPEC to pump more (and quietly asked the dastardly domestic fossil fuel crowd to help out), Democrats blew their wad on the largest SPR release in history... and achieved nothing, as gas prices reached a new record high...
Democratic Congresswomen Kim Schrier and Katie Porter have introduced the 'Consumer Fuel Price Gouging Prevention Act' that will give the President the power to issue an Energy Emergency Declaration that would make it unlawful to increase gasoline and home energy fuel prices in an excessive or exploitative manner.
“At a time when people in the 8th district and across the country are feeling the pinch at the gas pump, Congress needs to be doing all it can to bring down costs for American families. What’s infuriating is that this is happening at the same time that gas and oil companies are making record profits and taking advantage of international crises to make a profit. This must stop,” said Rep. Schrier.
“Gas and oil companies should be held accountable and should not be making the situation worse by gouging Americans at the pump. This bill needs to be passed and signed into law as soon as possible.”
"Oil companies are not struggling—they continue to announce record profits and tens of billions dollars’ worth of stock buybacks—but families are," said Rep. Porter, Chair of the House Natural Resources Subcommittee on Oversight.
"Big Oil is price gouging families because they can. Enough is enough. I'm proud to help introduce this bill that will hold these corporations accountable, stop their abuse, and give families relief.”
Perhaps an 'economist' could explain what happens to supply of something is government enforces a cap on the price of that thing... (Hint: it does not go up!)
Brace for more shortages if this bill passes!
05-12-2022 | 12:47 PM
#714
Registered
Joined: Oct 2000
Posts: 1,508
Likes: 590
From: Lake Ozark, MO USA
Go ahead and put in price controls and see what happens next. Producers will just cap the wells, shutter the refineries and lay off all the craftsmen that do the dirty work. Politicians are idiots when it comes to this kind of stuff. I'm sure they are devising a plan to get everything up and running down the road when they can get the stock down low or develop a plan to get all the kickbacks for themselves, family and best friend. Ever notice how an entry level politician goes into office a poor local boy/girl, comes out in a few years a wealthy rick rocksuker making not much more than or even as much as the average professional whatever? Has a house or condo in DC, one in their state capital and their "personal residence".
05-12-2022 | 01:44 PM
#715
Were doomed!
Joined: Oct 2000
Posts: 7,097
Likes: 1,395
From: Chicago, IL
Go ahead and put in price controls and see what happens next. Producers will just cap the wells, shutter the refineries and lay off all the craftsmen that do the dirty work. Politicians are idiots when it comes to this kind of stuff. I'm sure they are devising a plan to get everything up and running down the road when they can get the stock down low or develop a plan to get all the kickbacks for themselves, family and best friend. Ever notice how an entry level politician goes into office a poor local boy/girl, comes out in a few years a wealthy rick rocksuker making not much more than or even as much as the average professional whatever? Has a house or condo in DC, one in their state capital and their "personal residence".
__________________
-Wally
Money can't buy happiness, but it can buy horsepower. And I've never seen a sad person hauling a$$!
-Wally
Money can't buy happiness, but it can buy horsepower. And I've never seen a sad person hauling a$$!
05-13-2022 | 04:46 AM
#716
VIP Member
Joined: Jul 2003
Posts: 4,282
Likes: 773
From: Tulsa, GLOC
Go ahead and put in price controls and see what happens next. Producers will just cap the wells, shutter the refineries and lay off all the craftsmen that do the dirty work. Politicians are idiots when it comes to this kind of stuff. I'm sure they are devising a plan to get everything up and running down the road when they can get the stock down low or develop a plan to get all the kickbacks for themselves, family and best friend. Ever notice how an entry level politician goes into office a poor local boy/girl, comes out in a few years a wealthy rick rocksuker making not much more than or even as much as the average professional whatever? Has a house or condo in DC, one in their state capital and their "personal residence".
