Ah, so ~20 posts in you will FINALLY admit government spending and investment are a part of gas prices. Conspicuously absent were any mention of laws, taxes, directives, appointments, executive orders, contracts, etc.
Funny that you want to stay on topic, yet you were the one who took, "We live in a true bizzaro world were people are doing a victory lap and straining their arms for the pats on the backs they're giving themselves for oil being $95 a barrel" into not only me somehow blaming biden (solely, mind you) for the rise of gas prices, but also ascribing other comments I made about nancy pelosi, media running cover for biden, barring the imports of russian oil, etc. somehow into MOAR of blaming biden. I mean, there was even direct evidence to the contrary in one of these posts you quoted.
And you posted a chart. A single chart...that is inconclusive.
And all along I've admitted, freely, not begrudgingly, that multiple factors (such as governmental regulation) play a role in the price of gas. I've always been in agreement with you that other factors play a role in what we pay for gas at the pump.
So, staying on topic, if you have info to to give as to why I'm not overly giddy about $95 oil, then please, continue on. Otherwise, take it to somebody else. Somebody that cares or is asking for that information?
But since you also seem intent on reading (particularly charts). Here are some. One is a book. Keep in mind, all the info isn't in chart form. Sometimes the author assumes the reader can extrapolate the data without a chart to look at. **Spoiler Alert** Yes, the government can have positive and negative impacts and affects on the price of gas...or virtually any commodity or good.
https://www.researchgate.net/public..._Grants_and_Government_Expenditures_in_Jordan
https://www.mercatus.org/system/files/Chambers-How-Regs-Affect-Prices-v2.pdf
Removing the 1970s Crude Oil Price Controls: Lessons for Free-Market Reform
The Crazy Crude Oil Price Controls of the 1970s
https://www.cato.org/books/oil-gas-government-us-experience
How can gas prices come down? The federal government and states could help ease pain at the pump
https://www.cato.org/testimony/effect-federal-regulations-gasoline-prices-milwaukee/chicago-area
25 Biden policies raising gas prices and other energy costs - Americans for Prosperity
Finally admit? What I'm looking for is where the relationship is between certain policy points that have directly impacted the price of gas, that's all I've asked. The chart I posted was not all encompassing as it showed "hmmm, maybe there is more to this then regurgitating platitudes".
lol "Somebody that cares or is asking for that information" Bud you got all bent out of shape for two posters discussing the price of oil, so you, quite literally care soooo much. Relax, this isn't the school ground, you're allowed to care about things tough guy.
"extrapolate the data without a chart to look at" - You're using words I'm not sure you understand. If I was to extrapolate the data I would be projecting out the expected results from the presented data in the presumed table. You need to re-read your thinly veiled insults before typing them out.
1. Oh, nice Jordan. Similar government structure to an NA economy. Did you read the extract at all? "the study proposes that the government of Jordan directly invests its oil tax revenues in economic sectors, such as agriculture and manufacturing, to broaden the sources of revenue, as well as exploit such revenues to establish alternative energy projects, whether from the sun, wind, or both" Guess your a big fan of re-investing oil tax revenues into alternatives? lmao
2. Study found a relationship of 10% increase in regulations to 0.6% increase in cost, no idea how they measure "regulations". Study does not include state level regulations into their calculation which would be interesting to see as it relates to the coefficient values and whether the R2 improves or not.
3. You'll notice in the study that they found economists universally agreed that government intervention on price controls to shield consumers an ineffective way of helping consumers. Which kind of runs counter to the "Lord Biden's magic lever" that seems to be pushed around.
4. See 3, but yes Nixon was complete moron.
5. This is a book, not a paper/study so unfortunately won't be able to give you a cliff notes on this.
6. "Pumping more oil to meet demand will be critical in easing prices, but it is not a quick fix according to Nick Loris, vice president of public policy at the Conservative Coalition for Climate Solutions (C3 Solutions)." - This is exactly the point that many have made that's been ignored by some here. In over a year, I'm not sure how much of the current situation can be blamed on the current admin. Oh, suspending gas taxes, yes because a company is just going to reduce prices when they are recording record profits. You should bring that point up next time at your performance review if you want an early retirement. My goodness lol "Sir, let's reduce our prices when we're performing so well!"
7. This article is from 2000 - but does make three points that are true today "That price increase is explained by three factors; OPEC production restraint, low domestic inventories of oil, and surging demand for oil products." So what exactly has been done that would be the cause of the current admin?
8. This list is....truly the "pièce de résistance" of your articles. " Keystone/Paris Agreement/Forcing states to restrict driving/fueling the fire for future regulation these are all just scrambled thoughts not based in empirical data lmao.
Anyways - that's it from me on this. You can @ me in the economics thread if you want a further lesson. TLDR - read your articles before posting.
www.cnbc.com
