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Republicans did not blame Nixon for outrageous gas prices. We reached "Peak Oil," production in 1971.

Republicans did not blame Nixon for outrageous gas prices. We reached "Peak Oil," production in 1971. | GAS PRICES, AND RELATED INFLATION, WILL FALL WHEN PUTIN ENDS HIS LOST WAR AND INTERNATIONAL OIL TRADERS ARE MORE CONFIDENT ABOUT ACCESS TO SUPPLIES. ASK PEOPLE WHO LIVED THROUGH THE OPEC OIL EMBARGO DURING THE NIXON YEARS. DOUBLE DIGIT INFLATION FOLLOWED DOUBLED GAS PRICES. | image tagged in politics | made w/ Imgflip meme maker
224 views • 2 upvotes • Made by LarryCaird 2 years ago in politics
politics
9 Comments
berry2690
2 ups, 2y
LOL! The hell the didn't.
Sobrmn
2 ups, 2y
AmericanViking
1 up, 2y,
1 reply
Biden admin energy policies are to blame for today's high gas prices... Not Putin...
LarryCaird
0 ups, 2y,
3 replies
Capitalism is based on supply and demand. When supply is put in jeopardy and demand does not adjust, prices increase. Oil Prices are set based on this model. Your hatred of Biden does not magically void these facts.
PotatoRoaster
1 up, 2y
So cutting off the domestic supply doesn't hold any weight for you? The worst part is most the leftist here are really young but you have no excuse to be this uninformed.
AmericanViking
1 up, 2y
made w/ Imgflip meme maker
merryprankster
1 up, 2y
LOL...yes, and Biden's stupid and infantile energy policies affect supply.
LarryCaird
0 ups, 2y
This is from the April 14 investing news site "Investing.com:" – "Oil was down on Thursday morning in Asia, giving up some of its sharp gains in the first half of the week. Investors are weighing a larger-than-expected build in U.S. crude supplies against a tightening market."

More evidence that "Biden's policies," are not holding down domestic crude oil production.
LarryCaird
0 ups, 2y
I know that you guys don't like facts, but they tell a different story. The only substantial downturn in domestic oil production came during the Pandemic rise, and lockdowns. Demand fell and supply followed.

The US Energy Information Agency says, "From January 8, 2021, to February 7, 2022, the L48 added 220 oil-directed rigs, 114 of which were in the Permian region. We forecast that production in the Permian region will average 5.3 million b/d in 2022 and 5.7 million b/d in 2023." That means that from the beginning of the Biden Administration the market has driven the adding of 220-addiional rigs, digging wells. The experts predict that US crude production will rise in 2023 over what it was when Biden took office.

That looks like more domestic production, not less.
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IMAGE DESCRIPTION:
GAS PRICES, AND RELATED INFLATION, WILL FALL WHEN PUTIN ENDS HIS LOST WAR AND INTERNATIONAL OIL TRADERS ARE MORE CONFIDENT ABOUT ACCESS TO SUPPLIES. ASK PEOPLE WHO LIVED THROUGH THE OPEC OIL EMBARGO DURING THE NIXON YEARS. DOUBLE DIGIT INFLATION FOLLOWED DOUBLED GAS PRICES.