Re3: There is no global oil shortage

Healdsburg CA

Description

Supply and demand. Oil futures. We are depleting our oil reserves. With the pipeline, we knew by the time we needed more oil, the pipeline would be providing it, so that kept the prices lower. Now without the pipeline, we will run out of gas in the next few years with no way to get more other than buy it overseas, which drives prices up. Add that to the "formulated" gas, lack of refineries and CA gas taxes and we have the highest gas prices in the country. Biden shut down oil production? Wrong. Tell us which facilities Bide "shut down". None. Biden pulled the fun ding for an und]=finished pipeline that has never been put into use. This move may affect oil prices down the road, but it does not affect current oil prices. Oil companies set oil prices. Joe bide doe not set gasoline prices. For the record, Biden does not set he prices for McDonald's hamburgers or beer at the liquor store either.