How Wall Street speculation is driving inflation — and how the Democrats can fix it
Deregulated Wall Street traders are driving price spikes on gas and food — but Biden could shut them down easily
www.salon.com
REMINDER: THE ARENA PLATFORM, INC. has no obligation to monitor the Forums. However, THE ARENA PLATFORM, INC. reserves the right to review any materials submitted to or posted on the Forums, and remove, delete, redact or otherwise modify such materials, in its sole discretion and for any reason whatsoever, at any time and from time to time, without notice or further obligation to you. THE ARENA PLATFORM, INC. has no obligation to display or post any materials provided by you. THE ARENA PLATFORM, INC. reserves the right to disclose, at any time and from time to time, any information or materials that we deem necessary or appropriate to satisfy any applicable law, regulation, contract obligation, legal or dispute process or government request. Click on the following hyperlinks to further read the applicable Privacy Policy and Terms of Use.
Gasoline Gasoline!
- Thread starter GromsDad
- Start date
www.salon.com
You should always get your financial news from Salon.com That's where the smart money guys go.How Wall Street speculation is driving inflation — and how the Democrats can fix it
Deregulated Wall Street traders are driving price spikes on gas and food — but Biden could shut them down easily
UH-OH: Jim Cramer Says Biden’s ‘Worrisome’ Letter Rebuking Oil Companies ‘Harks Back’ to Jimmy Carter Era
Jim Cramer said that Joe Biden's hostile letter to American oil companies "harks back" to the days of Jimmy Carter.
Last edited:
Hey Scumbag, last time oil was 120 a barrel gas was 3.50 a gallon. Keep blaming Biden for corporate greed like the stupid sheep you are,You should always get your financial news from Salon.com That's where the smart money guys go.
UH-OH: Jim Cramer Says Biden’s ‘Worrisome’ Letter Rebuking Oil Companies ‘Harks Back’ to Jimmy Carter Era
Jim Cramer said that Joe Biden's hostile letter to American oil companies "harks back" to the days of Jimmy Carter.www.mediaite.com
You'll believe anything.
PS: Clearly this forum is not healthy for you. You might want to think long and hard about what your presence here is doing to you.
Last week, gas prices reached a new high national average of $5 a gallon. A review of articles discussing surging gas prices, from the print edition of the top 5 U.S. newspapers from June 10 through June 16, found that while costs to consumers are widely reported, the record profits these high gas prices are yielding for Big Oil companies is not. Only 6 of the 26 articles reviewed mentioned oil company profits, while none quantified the record earnings of oil majors like ExxonMobil.
During a press conference in Los Angeles on June 10, President Joe Biden responded to a question on high gas prices — an issue that has been top of mind for Americans and the media since prices started to climb in response to increased demand due to relaxed COVID-19 restrictions and Putin’s invasion of Ukraine — by pointing to the record profits of Big Oil giants like ExxonMobil. As reported by Business Insider:
During a press conference in Los Angeles on June 10, President Joe Biden responded to a question on high gas prices — an issue that has been top of mind for Americans and the media since prices started to climb in response to increased demand due to relaxed COVID-19 restrictions and Putin’s invasion of Ukraine — by pointing to the record profits of Big Oil giants like ExxonMobil. As reported by Business Insider:
In fact, Exxon Mobil’s first quarter earnings were $5.5 billion — more than double its earnings in the first quarter of 2021. Its Big Oil peers fared equally as well. “Shell notched its strongest quarterly profit ever, and Chevron posted its best earnings quarter in nearly a decade,” as Business Insider noted. BP had its highest earnings in more than decade, even despite losses from pulling its operations out of Russia. ConocoPhillips’ profits in the first quarter of 2022 saw a five-fold increase from the year prior. Together, the big five oil corporations made $35 billion in a span of three months — representing a 300% increase from the year before. Most notably, these earnings are resulting in huge returns for shareholders rather than being used to invest in bringing costs down for consumers. m
So what do you think is going on here?
Blue is oil price per barrel and orange is the average gasoline price.
where is Duffy?
he and I made a bet that it would hit $9 ....I think before Labor Day....but I can't find the thread now
I'm afraid I might actually loose this one!
holy fk...how hard do you have to try to keep missing the fkn point?
MARKETING
lol
yeah, prices are high at the pump because of marketing
you already posted a response in a thread where the OP links an article that answers the question you just asked
In fact, Exxon Mobil’s first quarter earnings were $5.5 billion — more than double its earnings in the first quarter of 2021. Its Big Oil peers fared equally as well. “Shell notched its strongest quarterly profit ever, and Chevron posted its best earnings quarter in nearly a decade,” as Business Insider noted. BP had its highest earnings in more than decade, even despite losses from pulling its operations out of Russia. ConocoPhillips’ profits in the first quarter of 2022 saw a five-fold increase from the year prior. Together, the big five oil corporations made $35 billion in a span of three months — representing a 300% increase from the year before. Most notably, these earnings are resulting in huge returns for shareholders rather than being used to invest in bringing costs down for consumers.
“David, Exxon’s expanding its refining capacity, and the president’s picking on Exxon,”You should always get your financial news from Salon.com That's where the smart money guys go.
UH-OH: Jim Cramer Says Biden’s ‘Worrisome’ Letter Rebuking Oil Companies ‘Harks Back’ to Jimmy Carter Era
Jim Cramer said that Joe Biden's hostile letter to American oil companies "harks back" to the days of Jimmy Carter.
Thank god Cramer is there to defend poor little Exxon.
Imagine posting about where the "smart money" guys go and then linking to an absolute fcking clown like Jim Cramer.
#gromsdad #selfowns #alldaywrong
the gift that keeps on giving!
aahhahahaha
every time....and he never learns
lolololol
Accept the facts, you stupid scumbag. Oil prices are due to price gouging by big oil and no fault of Bidens. As for your response you you should take your own advice.