re Just the facts please

Washington DC

Description

OK, here are some facts. Fact While Trump was president, we had all the oil and gas we needed, even had a surplus. Fact Biden was placed in office and now we are begging oil producing countries to produce more oil and gas even though our fossil fuel need have been reduced by covid. You tell us the oil and gas companies made over 200 billion last year. If biden had not cut production, would they have been able to jump the price to that extent? Is it your opinion that biden is in the pocket of the oil and gas companies? You certainly can't blame it on Trump. Fact; When you cut supplies of a critical product but the demand is still there, the price of that product will inevitably increase. Fact Less product that is in high demand = higher price for that product = more profit for the producer of that product. Hope this helps you better understand economics.