Comments
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@Grantj77, any economist worth their weight in salt will know that the prices of gas are not the result of a single president, but the reactions and responses of more than one administration in more than one country. Biden doesn't just say "go up" and watch prices rise. The alternative to these high prices is a president who doesn't sanction or punish Russian aggression and warcrimes, and this is where the correct response is up for debate. Edit: probably shouldve made it more clear for the tldr life: Putin's a major oil exporter, so sanctions on Russia are the main cause of gas prices right now
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@Doctor Walrus, It should also be noted that the reason we don't use our own oil to mitigate this is actually military strategy. We import oil so we don't run out of our own reserves and taps so that if worse comes to worse, we're ideally the last ones to actually run out. Any opinions on this aside, this stretches far beyond the Biden administration. That said FJB. That said FDT.
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@Doctor Walrus, if I recall correctly though the US only gets about 8% of our oil imports from Russia so I could understand if gas went up by about 10% but nearly doubling in the span of a month is ridiculous so there is definitely some other factors at play here, like possibly corporate greed or other oil exporting countries hiking prices to take advantage of the situation. TL;DR it's more than just sanctions on Russia
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@Tazbrum, sounds about right. Saying it's all Russia's fault, however, is misleading. What Putin is doing is horrible but we can't place all of the blame on him and not recognize that oil execs and other oil exporting countries are partially to blame for making the price of oil go through the roof. It's just convenient that a minor portion of our imports come from a country that is currently engaged in wrongful armed conflict against a sovereign nation because they may have wanted to join an alliance that was designed to prevent just such an invasion. If anything it proves that NATO is necessary to prevent this from happening as a deterrent.
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@Doctor Walrus, Minor problem with your theory about it not being one presidents fault. He has destroyed the oil sector at every chance as prices were climbing long before the whole Ukraine situation. He shut down the Keystone Pipeline, he made it more difficult to produce our own oil, and he decimated relations with the countries we buy from. Add Ukraine situation to the mix, and his choice of response, and we get even higher prices. The prices nearly doubled since he took control of the office, and you can link it to his policies, and actions. You can blame a single president, when you can show the exact choices that lead to it. Even with Ukraine, it's a choice he made. We could have stayed out of it, as Ukraine is not a NATO Ally, we have no obligations to them, but Joey has obligations since he got his son work there, and makes money from Ukraine. Oh yeah, you can blame him.
Ignorance is bliss. Until you get the receipt.