Well, Biden did blow up a pipe line that supplied Russian gas to Europe. He also did nothing to improve the horrible situation in Venezuela that Trump started. He actually just doubled down on it.
Not on the level of what Trump has done. But every US president is consistently working to ensure US oligarchs have control of the oil supply. And that doesn’t always mean literally stealing oil. It’s more about control.
Sometimes that brings domestic gas prices down. Sometimes it makes them go up. Sometimes that means blowing up pipelines. Sometimes that means kidnapping a countries elected leader.
The president WANTS domestic gas prices to be low. It helps their approval ratings and party elections. But, the president is subject to the wishes of the oil and war oligarchs. And they are fucking thirsty right now.
Edit: I’ve broken through with a positive upvote (for now) making a comment about Democrats and Bidens failures to combat Trump. I have faith in you Lemmy.
The price spike under Biden was more the orange kid-diddler’s doing. Threatening to without military funding for Saudi Arabi unless they cut down on oil output during COVID. Which when supply chains were firing back up under Biden they had t ramped production back up yet. Biden got blamed for some he had nothing to do with. Aka the repugnican method.
Bidens biggest failures were not undoing a lot of the things Trump did in his first term.
I think it was a false belief in that the US should remain consistent and not back peddle on bad policies. So, instead of working with Iran to restore the JCPoA (that they continued to abide by via the UN) he continued to push sanctions. Similar situation with Venezuela. Hell, he even kept a lot of Trump’s awful border policy. He absolutely failed in restoring faith in America, on the world stage, after Trump’s first term. He needed to push hard in the opposite direction and have actual material changes that Trump (or any Republican) could not undo again.
Now, one could say this is because they didn’t think they would lose again to Trump. But, that, in itself, was also a major failure for Biden/Harris. They had no major material improvements to point to as an achievement.
I do believe they honestly tried, but the damage done was not something which could easily be solved in a weekend. I even said in arguments that most of his first term would be trying to repair the US’s reputation on the world stage which he did make strides at. But as for passing anything, Moscow mitch even openly said that they’d fight against everything they could just to make Biden look like he wasn’t capable of new laws or policy.
The first things Biden had on his plate when he took office were dealing with COVID to get the country and economy running again, fallout from the January 6th insurrection, and the time bomb of the military withdraw from Afghanistan.
Tbh Biden did set himself up for trouble on gas prices specifically. He had that make Saudi Arabia a pariah initiative he was giving speeches on when he first got elected, it was going OK while the US held the cards… but after the Ukraine war started and the supply was reduced, gas prices became a giant glowing weak spot that the Saudis could vengefully mash just in time for mid-terms. Biden recognized the danger then and visited hat in hand to ask for forgiveness and more production, but it was too late after making very public positions and statements that the Saudis REALLY didn’t like at all so the trip didn’t amount to much other than embarassing news articles about him crawling back to the guy he had been calling a murderer.
Edit: You people are insane with these downvotes. Russia invaded Ukraine on February 24, 2022. Look at a graph of gas prices and see what happened right after that. The war in Ukraine was directly responsible for the gas price spike in 2022
I didn’t down vote you but, want to address your edit. You are absolutely right that war in Ukraine contributed to the price. And you are right that this spike had not much to do with the economy, but keep in mind that the restrictions were lifted I think in February as well pretty much simultaneously in all countries.
During restrictions people traveled less, so the demand for oil was lower, so in 2020 oil fields reduced output.
Now restrictions were lifted so demand increased, sanctions on Russia were imposed so demand on Persian Gulf also increased.
It takes few months to restart production from oil wells that were shut down, and then there’s also few weeks delay as the tankers are transporting the oil.
Do you have a source on Feb '22 being some kind of turning point regarding covid restrictions? Having lived through COVID as a healthcare worker, I recall the timeline pretty acutely, and my memory is lockdowns were almost universally over by summer '20, the first vaccines were administered on a large scale in December '20, and activity increased progressively throughout 2021.
Meanwhile, the gas price spike occurred immediately after Russia invaded Ukraine, and concerns about oil supplies were plastered all over the financial news of the day
Sad thing is he absolutely did do that. Unlike Biden who was blamed for the chaos that came from the pandemic.
Well, Biden did blow up a pipe line that supplied Russian gas to Europe. He also did nothing to improve the horrible situation in Venezuela that Trump started. He actually just doubled down on it.
Not on the level of what Trump has done. But every US president is consistently working to ensure US oligarchs have control of the oil supply. And that doesn’t always mean literally stealing oil. It’s more about control.
Sometimes that brings domestic gas prices down. Sometimes it makes them go up. Sometimes that means blowing up pipelines. Sometimes that means kidnapping a countries elected leader.
The president WANTS domestic gas prices to be low. It helps their approval ratings and party elections. But, the president is subject to the wishes of the oil and war oligarchs. And they are fucking thirsty right now.
Edit: I’ve broken through with a positive upvote (for now) making a comment about Democrats and Bidens failures to combat Trump. I have faith in you Lemmy.
Edit2: Had to brag. Reminded people to downvote.
The price spike under Biden was more the orange kid-diddler’s doing. Threatening to without military funding for Saudi Arabi unless they cut down on oil output during COVID. Which when supply chains were firing back up under Biden they had t ramped production back up yet. Biden got blamed for some he had nothing to do with. Aka the repugnican method.
Bidens biggest failures were not undoing a lot of the things Trump did in his first term.
I think it was a false belief in that the US should remain consistent and not back peddle on bad policies. So, instead of working with Iran to restore the JCPoA (that they continued to abide by via the UN) he continued to push sanctions. Similar situation with Venezuela. Hell, he even kept a lot of Trump’s awful border policy. He absolutely failed in restoring faith in America, on the world stage, after Trump’s first term. He needed to push hard in the opposite direction and have actual material changes that Trump (or any Republican) could not undo again.
Now, one could say this is because they didn’t think they would lose again to Trump. But, that, in itself, was also a major failure for Biden/Harris. They had no major material improvements to point to as an achievement.
The pinnacle failure of centrists. Regressives have no issues throwing out good policy.
His biggest failure was not arresting and putting Trump in prison___
I do believe they honestly tried, but the damage done was not something which could easily be solved in a weekend. I even said in arguments that most of his first term would be trying to repair the US’s reputation on the world stage which he did make strides at. But as for passing anything, Moscow mitch even openly said that they’d fight against everything they could just to make Biden look like he wasn’t capable of new laws or policy.
The first things Biden had on his plate when he took office were dealing with COVID to get the country and economy running again, fallout from the January 6th insurrection, and the time bomb of the military withdraw from Afghanistan.
Tbh Biden did set himself up for trouble on gas prices specifically. He had that make Saudi Arabia a pariah initiative he was giving speeches on when he first got elected, it was going OK while the US held the cards… but after the Ukraine war started and the supply was reduced, gas prices became a giant glowing weak spot that the Saudis could vengefully mash just in time for mid-terms. Biden recognized the danger then and visited hat in hand to ask for forgiveness and more production, but it was too late after making very public positions and statements that the Saudis REALLY didn’t like at all so the trip didn’t amount to much other than embarassing news articles about him crawling back to the guy he had been calling a murderer.
*war in Ukraine
Edit: You people are insane with these downvotes. Russia invaded Ukraine on February 24, 2022. Look at a graph of gas prices and see what happened right after that. The war in Ukraine was directly responsible for the gas price spike in 2022
Both, supply issues causes by economy restarting from covid as well as was in Ukraine that putin started.
Ironically that also supposed to be very quick as the one with Iran.
The sudden spike in prices that immediately followed Russia invading Ukraine had almost nothing to do with the economy
I didn’t down vote you but, want to address your edit. You are absolutely right that war in Ukraine contributed to the price. And you are right that this spike had not much to do with the economy, but keep in mind that the restrictions were lifted I think in February as well pretty much simultaneously in all countries.
During restrictions people traveled less, so the demand for oil was lower, so in 2020 oil fields reduced output.
Now restrictions were lifted so demand increased, sanctions on Russia were imposed so demand on Persian Gulf also increased.
It takes few months to restart production from oil wells that were shut down, and then there’s also few weeks delay as the tankers are transporting the oil.
I think both contributed to the spike.
Do you have a source on Feb '22 being some kind of turning point regarding covid restrictions? Having lived through COVID as a healthcare worker, I recall the timeline pretty acutely, and my memory is lockdowns were almost universally over by summer '20, the first vaccines were administered on a large scale in December '20, and activity increased progressively throughout 2021.
Meanwhile, the gas price spike occurred immediately after Russia invaded Ukraine, and concerns about oil supplies were plastered all over the financial news of the day