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Major Recession Only Realistic Way for
Gasoline Price to Drop: Experts

Original Article

Posted By: earlybird, 6/16/2022 12:12:56 PM

The only thing that could curb the current record-high gasoline prices would be a major drop in demand, i.e. a recession, according to several experts. (snip) The American Petroleum Institute, an industry group, on June 14 released a list of 10 steps the U.S. government should take to boost domestic oil production, which still lags behind pre-pandemic levels and barely budged for half a year now. Top of the list is restarting drilling leases on federal land and speeding up project approvals.But since the Biden administration has centered its agenda around “decarbonizing” the economy, chances of any pro-oil policy moves are expected to be nil.


We know how we feel about “experts”…The primary one being a Phil Flynn, of the Price Futures Group (never heard of either him or his company). Instead I am with the American Petroleum Institute on this..

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Reply 1 - Posted by: Delilah 6/16/2022 12:16:48 PM (No. 1187817)
Increase supply instead of decreasing demand makes more sense to me.
31 people like this.

Reply 2 - Posted by: TrueBlueWfan 6/16/2022 12:24:30 PM (No. 1187826)
Drill, baby, drill!!!!!
23 people like this.

Reply 3 - Posted by: Jethro bo 6/16/2022 12:25:54 PM (No. 1187828)
The real question isn't whether a recession will correct inflation. We know it will. The real question is whether it will only be a recession that tames inflation. I'm betting on Depression based on Diaper Joe and the Democrats' policies of Hate Americans First!
16 people like this.

Reply 4 - Posted by: Venturer 6/16/2022 12:29:29 PM (No. 1187831)
Biden has attacked the oil industry and threatened to close them down so they are not putting any money into refineries or infrastructure. Even more drilling wil not get us out of this mess. It's just like the fool closing down power plants that use fossil suels and then wanting to raise electricity use by pushing EV cars. the reason gas is high and the future looks bad for it is just plain old every day stupidity by Biden and his minions.
17 people like this.

Reply 5 - Posted by: earlybird 6/16/2022 12:43:47 PM (No. 1187848)
Our gas supply and prices were fine until Biden was elected. They have tracked it on Fox Business and found that the prices began to rise then, not in January when he was inaugurated. His stated policies were what triggered the rise. As for Phil Flynn, the so-called expert, he should give it up.
15 people like this.

Reply 6 - Posted by: ROLFNader 6/16/2022 12:48:32 PM (No. 1187854)
Gee- I dunno Beav, couldn't we just ask Russia if they would sell us some more oil - at least until we figure out where we could just drill our own?
6 people like this.

Reply 7 - Posted by: jimboscott 6/16/2022 1:04:42 PM (No. 1187860)
This ship of fools has not even passed Economics .01
12 people like this.

Reply 8 - Posted by: BarryNo 6/16/2022 1:04:56 PM (No. 1187861)
Experts... Pfaaa! Experts got us into this mess. You know what an expert is? It's the person who knows the least about an issue, but has the most to say about it.
13 people like this.

Reply 9 - Posted by: paral04 6/16/2022 1:16:37 PM (No. 1187867)
These so-called experts need to be taken out to the woodshed. What idiots!!
7 people like this.

Reply 10 - Posted by: Thos Weatherby 6/16/2022 1:20:35 PM (No. 1187875)
The last time we had this much of a problem was 1976. Long gas lines, high prices, and inflation through the roof. Our debt was $620 Billion. The percentage of debt to GDP was 33%. (our debt was 1/3rd of our output) Today our debt is $29,617 Billion. The percentage of debt to GDP is 124%. The debt is more than what we produce in a year. It's ready to bust. A Huge RESET is on the very near horizon. Our economy will change from the Petro Dollar to something else. That something else includes Gold, Silver and Crypto. QUESTION: Do you want the same people to Control the change OR do you want yourself and like minded people to Control the change? When Government Controls the money then they can and will control if you get it or not. The everyday people needs to control this change. If you buy silver, gold or crypto, you're in control.
5 people like this.

Reply 11 - Posted by: msjena 6/16/2022 1:27:24 PM (No. 1187883)
What about an increase in supply?
8 people like this.

Reply 12 - Posted by: mc squared 6/16/2022 1:32:53 PM (No. 1187890)
Experts didn't cause these problems: Commiecrats did. Biden and the Dem party announced what they would do to energy before the elections, but 80 million people voted to do it anyway. Some voted several times. This is THE PLAN in action.
5 people like this.

Reply 13 - Posted by: DVC 6/16/2022 1:42:42 PM (No. 1187897)
Until the supply is adequate for the demand, then prices will stay high. The federal government is doing everything in it's power to shut down the supply. They continue to try to strangle the supply of oil and gas, and it is NOT an accident, it is a carefully planned, multifaceted, wide ranging effort on many fronts to do EVERYTHING possible to harm oil companies, stop them drilling, stop refineries from being built, stop pipelines from being built, every possible effort to strangle the fuel industry.
9 people like this.

Reply 14 - Posted by: Blue-Z-Anna 6/16/2022 1:54:24 PM (No. 1187911)
Business is about trust and when the Biden administration promised to make oil production difficult the the oil industry knew that they could trust that statement. Oil in the ground is like money in the bank. It's not going anywhere and it will be there when we need it. The O and G industry has had to put up with more than this type of craziness for many years. It's not even about drilling ,we have thousands and thousands of Wells that are called ducs ---drilled uncompleted. They need to be fract and put into production. But when the communists take over the oil industry kicks back sits back and saves their money,.. they don't Bang their head against the Communist wall. My point is that drilling is not the problem. Refining and transport is the issue.
3 people like this.

Reply 15 - Posted by: smokincol 6/16/2022 3:13:30 PM (No. 1187998)
we're not very far from that so, does that mean everything is OK? and we'll be out of the woods sooner than we think? not likely, not with diapers in charge
5 people like this.

Reply 16 - Posted by: LC Chihuahua 6/16/2022 3:15:28 PM (No. 1188002)
Probably inevitable at this point. We probably are already in a recession, but the media will never report on it since Democrats are in charge. Butt Biden says he is presiding over the best economy ever! When Biden gets replaced by a Republican, watch the media go from a booming economy to a recession overnite. Have to blame the Republicans don'tcha know.
4 people like this.

Reply 17 - Posted by: MDConservative 6/16/2022 3:56:42 PM (No. 1188040)
There is no politician on earth who will endorse the necessary ingredients, beginning with balanced and reduced budgets, and high interest rates. It took four presidential administrations and a determined Fed chairman to finally tame inflation in the early 80s after two decades of profligate spending on everything from "defense" and a war in Asia, to space races, missile gap closures, Great Society, war on poverty, and on and on, to get things under control. But what politician wants to campaign on middle-class pain? None, for any office. The difference then and now is that never before was $14 TRILLION dumped out into the economy in two years. There is not a sponge in the world big enough to soak that all up. And people clamor for more spending. Of what, money the Treasury doesn't have and you won't give in taxes?
3 people like this.

Reply 18 - Posted by: snowoutlaw 6/16/2022 4:00:40 PM (No. 1188044)
Only way to lower gas prices is to arrest the cooks in the WH and put the real winner of 2020 election in the office he won.
2 people like this.

Reply 19 - Posted by: Faithfully 6/16/2022 7:03:59 PM (No. 1188212)
Today, my indulgence, Nabob coffee was off the shelf, so I went for the cheapest I could buy, it was nineteen dollars a can.
1 person likes this.

Reply 20 - Posted by: Strike3 6/16/2022 9:18:34 PM (No. 1188338)
It took Brainless Joe Biden and his puppet masters 17 months to create this mess. Donald Trump could fix it in 3 months even while playing golf every other day. It was planned to push electric vehicles, it's stupid and it's easily reversible, except for the millions of new illegal aliens sucking off the taxpayers' resources. Deportation and a bigger wall will eventually fix that. Then we can focus on the arrests and executions of the communists.
2 people like this.

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