lowkick Loc: Connecticut

When demand exceeds supply, prices rise. Biden wants to control demand (his push for "green" energy), but that won't lessen demand any time soon. Unfortunately, his policies have affected supply - adversely. The price of gas and oil are proof of it.

dlwhawaii Loc: Sunny Wailuku, Hawaii

Hey lowkick. Here's a video of a Shell Oil VP, explaining why Biden is responsible for gas prices. https://www.youtube.com/watch?v=iZEJLKrE8rk

mjmoore17 Loc: Philadelphia, PA area

Not like when you sold oxycodone, and got what every price you wanted. When high limit reached, just hook another poor victim.

DaveO Loc: Northeast CT

Most of the respondents here are also clueless.

lowkick Loc: Connecticut

You apparently don't understand the way the stock market works. People invest money in a company by buying stock and they expect earnings. When a company cuts payouts to its shareholders, they sell the stock and buy something that gives them better earnings. When a shareholder sells his stock, the company is the one who buys it back, meaning they are taking operating capital out of their coffers until someone else buys the stock. If the stock isn't giving decent returns, no one buys it and the company's financial ability to operate is diminished. For an oil company, that means cutting back on research and development of new energy sources. Does that sound like it would be helpful right now? Also, keep in mind that oil is a commodity. You've heard the term "futures market"? That's how commodities are sold. The seller of the commodity tries to predict what the value of the commodity will be and, even though they have current inventory, they sell at the future price because that's what it is going to cost them to replace their current inventory. In the end, it all works out because when the futures price goes down, the seller is selling the higher priced current inventory at the lower price.

The point is that oi companies operate on investors' money, and if they don't return decent profits to the investors, they pull out and take their money with them.

boberic Loc: Quiet Corner, Connecticut. Ex long Islander

Either you have no idea of pricing structure in a free market economy, or you have no concept of supply and demand.A Company cant raise it's price more than the market will bear, or competition will overtake it;s market share. And the balance between supply and demand sets the appropiate pricing. Government intervention can have effect _good, bad, or neither. So presidential policy can most certainly influence pricing. By increasing (or decreasing) drilling (supply) regulations has its effects on supply, hence price. It is quite obvoius you have naver taken business 101. If you did, you didn't learn the basics

dlwhawaii Loc: Sunny Wailuku, Hawaii

And your point is that it's OK for corporate greed to jack prices up to provide more dividends, so the stockholders benefit to the exclusion of the non-stockholders who pay for all of this. "In the end, it all works out because when the futures price goes down, the seller is selling the higher priced current inventory at the lower price." When have you ever known a commodity to go down in price, especially after a run up?

lowkick Loc: Connecticut

You need some basic, 101 economics education. But you couldn't pay me enough to try to teach you since you apparently have no capacity to learn. But commodities go up and down all the time and the selling prices reflect that, based on supply and demand. I understand that supply and demand is a pesky concept, but you need to learn about it.

dennis2146 Loc: Eastern Idaho

With respect, who are you talking to, asking? Hard to tell?

Dennis

DaveO Loc: Northeast CT

Why is it then that a few make it all out to be a political issue?

Rhetorically speaking, of course.

dennis2146 Loc: Eastern Idaho

I did not see her blaming Biden, just saying in a really idiotic manner and not answering the question, that her company was going to be paying shareholders. I think if you check back you won't see me directly blaming Biden. I get that he does not control prices.

But I do blame Biden and condemn him for his and the DNC's constant putting oil production on the back burner, for him constantly setting the tone against using fossil fuels as if they are truly bad for America. I realize electric vehicles are in the future but until then there is oil. We truly need oil and more of it. America has oil and yet the Left refuses to acknowledge that need. We keep hearing electric vehicles but let's face it, there are not enough power plants in America to keep electric vehicles running for ALL of us. What fuel do you plan to use to keep those huge power plants running? Apparently not coal or oil, so far not atomic energy, wind and solar won't work as neither is energy efficient. I would refuse to fly in an airliner that is powered by wind or solar, how about you.

It wasn't just Biden either. Let's not forget Hillary wanting to close down all coal mines. What a way to garner votes, eh? The Keystone pipeline was hurting nobody and was employing Americans. Yet Biden on his first day in office shut it down. Way to Go Brandon. More Americans out of work and for what?

I am asking then, what you personally suggest America and the rest of the world use to power our automobiles, heat our homes, propel our trains, airliners and ships if not an oil product? I have heard America has 200 years of oil beneath our feet. Someone else said not that much. Let's split the difference then, maybe 100 years. Surely our vehicles can use gasoline until someone comes up with a better alternative than oil products.

Dennis

dennis2146 Loc: Eastern Idaho

Are you now telling us that it is ONLY market greed that has oil prices up so high and has nothing to do with Biden's setting the tone in a negative manner as well as other things taking place in the world. I think I told you I do not blame Biden directly but I sure as hell put some of the blame on him. Remember a few weeks ago Biden said there was nothing he could do as he did not control oil prices. OK I get it. But the POTUS sets the tone for what goes on in America. Biden and other Democrats have set a NEGATIVE tone for fossil fuel for years now. It benefits Biden and his policies if oil prices are high because he hopes more people will buy electric cars to help him show those sales are on the upswing. I don't have 50,000 for a new EV and I would have no use for one if I was rich. I travel long distances and sitting somewhere while the truck charges isn't going to work for me. We don't all fit the idiotic Democrats mould of Green Energy Nazi's. Most of us have lives to live can't afford such BS.

Dennis

boberic Loc: Quiet Corner, Connecticut. Ex long Islander

Because politics may effect supply, as has Biden's policies

dlwhawaii Loc: Sunny Wailuku, Hawaii

I have been dealing successfully with supply and demand for over 50 years. I doubt seriously there is anything you are capable of teaching me at ANY PRICE. Apparently you were unable to understand my last response. That's your problem, not mine. What part of GREED do you not understand? Shell tried to sneak a deal on cheap Russian oil, got caught, and apologized. BFD. Apologize for GREED? Maybe you should bone up on some graduate Econ Courses.

dlwhawaii Loc: Sunny Wailuku, Hawaii

As do businesses who insisted pre-pandemic, that a 2-3 week supply inventory was sufficient. OBVIOUSLY that model has changed. THAT has absolutely NOTHING to do with politics, Biden or not.