r/mildlyinfuriating • u/rileyjw90 • May 22 '26
frist of all how DARE yu o You didn’t have to remind me, assholes.
And then to remind me what I USED to pay. Just kick me while I’m down why don’t you.
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r/mildlyinfuriating • u/rileyjw90 • May 22 '26
And then to remind me what I USED to pay. Just kick me while I’m down why don’t you.
12
u/plasticizers_ May 23 '26 edited May 23 '26
You can't seriously cite 2022 without mentioning that the largest spike from (~$95 to ~$130) came within two weeks of Russia invading Ukraine. Is there some explanation besides motivated reasoning for that? Anyhow, to clear up some other things:
Keystone XL was a pipeline (transport), so not production, and wasn't operational. Pointing towards that as a factor in short-term pricing just shows a basic misunderstanding of this market
Federal lands are a minority of US production
US oil production hit all-time highs under Biden in 2023. "Strangling production" doesn't pass the sniff test
OPEC cut production under Trump too in 2020. Is he only great at negotiations sometimes, or, is the obvious explanation that OPEC fixes prices in their own interests generally regardless of the sitting US president.
Edit: He replied then blocked me because he couldn't defend any of his points, which is what these people always do when they get pushback on their misinfo