End the Gasoline Crisis: Try Motivation by Love, Not Fear

[KenH]

"The only true, fair price is the market price, which is the price that results from the voluntary bargaining of all market participants. And there are an awful lot of those participants in the oil industry, one of the most complex and logistically demanding industries on our planet. Reflected in the market price are the decisions of millions of individual car drivers, homeowners adjusting their thermostats, manufacturers who decide whether to burn natural gas or oil, oil producers figuring out how to squeeze more production out of existing oil fields, refiners deciding which products to create out of crude oil, speculators deciding how much oil to store for future demand, researchers developing incredible new technologies, such as deepwater drilling, horizontal drilling, satellite reconnaissance, and fracking, the decisions of transoceanic crude oil shippers, who operate the largest vessels in the world, wildcat drillers who make money only by finding oil in new locations, and countless other individuals. ...

In other words, market prices reflect reality. They reflect the actual conditions of production and the actual desires of consumers. ...

And then there is inflation. The other significant reason for the nominal rise in oil prices is simply that the value of the dollar is plummeting. Inflation now runs at 9.1 percent, a more than 40 year high. In real (inflation-adjusted) terms, gasoline prices are high, but they are still slightly below their last peak in 2012. Inflation is a Trump and Biden-created problem, when the government “printed” trillions of dollars in new money for pandemic relief. Those $1200 checks that nearly every American got, and the “PPP” largesse that most businesses got, and the trillions of dollars that local and state governments got came with a price. That price was inflation. All that new money simply reduced the purchasing power of the dollar and pushed up the nominal price of gasoline."

- rest of article at End the Gasoline Crisis: Try Motivation by Love, Not Fear | AIER

 

[Petra Aqaba]

...

And then there is inflation. The other significant reason for the nominal rise in oil prices is simply that the value of the dollar is plummeting. Inflation now runs at 9.1 percent, a more than 40 year high. In real (inflation-adjusted) terms, gasoline prices are high, but they are still slightly below their last peak in 2012. Inflation is a Trump and Biden-created problem, when the government “printed” trillions of dollars in new money for pandemic relief. Those $1200 checks that nearly every American got, and the “PPP” largesse that most businesses got, and the trillions of dollars that local and state governments got came with a price. That price was inflation. ...

- rest of article at End the Gasoline Crisis: Try Motivation by Love, Not Fear | AIER

While Trump and Biden certainly were contributors to inflationary issues they were most definitely not the creators of the problem. Clearly there was inflation prior to their actions and there will always be inflation so long as we put our faith in a fiat currency, a currency which can only have one end. This is the abomination scant few preachers/churches are aware of or willing to preach against.

"Divers weights, and divers measures, both of them are alike abomination to the Lord" - Proverbs 20:10

 

[KenH]

While Trump and Biden certainly were contributors to inflationary issues they were most definitely not the creators of the problem. Clearly there was inflation prior to their actions and there will always be inflation so long as we put our faith in a fiat currency, a currency which can only have one end. This is the abomination scant few preachers/churches are aware of or willing to preach against.

"Divers weights, and divers measures, both of them are alike abomination to the Lord" - Proverbs 20:10

I have long been anti-fiat monetary system and pro-gold standard monetary system.

 

[Van]

Lets not blame Mr. Trump for our fuel cost driven inflation. Instead, lets vote every single Democrat out of office because they are the Make America Lousy Again party.

Think why our Border Security is lousy again.
Think why our inflation is lousy again.
Check out the crime rate in Democrat run cities.
Check out the DA's elected using Democrat money.
Check out the supermarket weekly bill.

 

[Van]

Recall Mr. Obama, blaming Mr. Bush for all the bad on Mr. Obama's watch, and then trying to take credit for the good things concurring on Mr.Trump's watch.

 

[RighteousnessTemperance&]

That article sounds naïve in the extreme. “Try some motivation by love, President Biden, not motivation by fear.” Motivation by love?

Neither Biden nor the Dem Progressive Left in general love America or Americans. Their policies clearly demonstrate this. Asking an authoritarian or fascist to show love is like asking the devil to be truthful or act like an angel of light. It just ain’t in ‘im. But he may be all too clever at appearances.

Wake up, Mr. Author. The Dem Progressive Left is hellbent on amassing control of the country.

 

[KenH]

That article sounds naïve in the extreme.

Did you read the article? If you did, then you would know that he wrote that sentence, I think, rather tongue-in-cheek. The article is a defense of the free market as opposed to government coercion, such as price controls and jawboning. The article ends like this:

"Let’s hope that President Biden learns from Carter and Reagan. It is time to stop demanding “fair” prices. He should support market prices, even if he doesn’t like them and they are politically unpopular. And he should stop standing in the way of new drilling and the construction of energy infrastructure like pipelines. It is time to unleash the market to produce more, rather than excoriate the oil producers. Try some motivation by love, President Biden, not motivation by fear."

 

[KenH]

Lets not blame Mr. Trump for our fuel cost driven inflation.

Both of the parties of the Duopoly have been horrible fiscally for this entire 21st century so far. Add that to the drastically artificial interest rates maintained by the Federal Reserve and you have the ingredients for inflation. One of the worst mistakes in U.S. history was the Federal Reserve Act passed in 1913.

Here are increases in the national debt and the increase by fiscal year in the 21st century through June 15, 2022, and who was president:

9/30/1999 $ 5,656,270,901,633.43
9/30/2000 $ 5,674,178,209,886.86 ..........$ 17,907,308,253.43 Clinton
9/30/2001 $ 5,807,463,412,200.06 ..........$ 133,285,202,313.20 Bush
9/30/2002 $ 6,228,235,965,597.16 ..........$ 420,772,553,397.10 Bush
9/30/2003 $ 6,783,231,062,743.62 ..........$ 554,995,097,146.46 Bush
9/30/2004 $ 7,379,052,696,330.32 ..........$ 595,821,633,586.70 Bush
9/30/2005 $ 7,932,709,661,723.50 .......... $ 553,656,965,393.18 Bush
9/30/2006 $ 8,506,973,899,215.23 .......... $ 574,264,237,491.73 Bush
9/30/2007 $ 9,007,653,372,262.48 .......... $ 500,679,473,047.25 Bush
9/30/2008 $ 10,024,724,896,912.40 .......... $ 1,017,071,524,649.92 Bush
9/30/2009 $ 11,909,829,003,511.70 .......... $ 1,885,104,106,599.30 Obama
9/30/2010 $ 13,561,623,030,891.70 .......... $ 1,651,794,027,380.00 Obama
9/30/2011 $ 14,790,340,328,557.10 .......... $ 1,228,717,297,665.40 Obama
9/30/2012 $ 16,066,241,407,385.80 .......... $ 1,275,901,078,828.70 Obama
9/30/2013 $ 16,738,183,526,697.30 .......... $ 671,942,119,311.50 Obama
9/30/2014 $ 17,824,071,380,733.80 .......... $ 1,085,887,854,036.50 Obama
9/30/2015 $ 18,150,617,666,484.30 .......... $ 326,546,285,750.50 Obama
9/30/2016 $ 19,573,444,713,936.70 .......... $ 1,422,827,047,452.40 Obama
9/30/2017 $ 20,244,900,016,053.50 .......... $ 671,455,302,116.80 Trump
9/30/2018 $ 21,516,058,183,180.20 .......... $ 1,271,158,167,126.70 Trump
9/30/2019 $ 22,719,401,753,433.70 .......... $ 1,203,343,570,253.50 Trump
9/30/2020 $ 26,945,391,194,615.10 .......... $ 4,225,989,441,181.40 Trump
9/30/2021 $ 28,428,906,947,685.30 .......... $ 1,483,515,753,070.20 Biden
6/15/2022 $ 30,436,640,164,627.70 .......... $ 2,007,733,216,942.40 Biden

 

[Salty]

We can blame the POUTS - but it is congress who actually spends the $$
As I have said before - every Congressman wants to cut the budge - EXCEPT for his district and his pet peeves.......

 

[Van]

Both of the parties of the Duopoly have been horrible fiscally SNIP

The ploy of claiming the Republican Party is just as bad, and therefore we should not vote the Democrats out is bogus.
Yes, maybe a third of the Republicans are RINOs. But they never put our country in the tailspin of today.

One party says voters should not be required to show ID.

One party says babies do not have a right to life.

One party says depend on Middle East Oil, not American Oil.

One party says enforce laws against Republicans but ignore the Democrats.

 

[KenH]

The ploy of claiming the Republican Party is just as bad, and therefore we should not vote the Democrats out is bogus.

I want both parties of the Duopoly voted out of office. Both major parties are old, dilapidated, and well past their "Use By" date. Whatever good the Duopoly might have been for limited, rational government in the past is long gone.

My two big issues are balancing the budget and getting rid of this horrible fiat monetary system and replacing it with a gold-standard system. Neither party of the Duopoly cares about either one of those two issues. I have no use for either of them. The Duopoly needs to be voted out of power.

 

[KenH]

We can blame the POUTS - but it is congress who actually spends the $$

The biggest blame goes to the Federal Reserve who creates the money, in addition to keeping interest rates extremely artificially low, that allows the Congress and the president to run up such a ginormous national debt - $25 trillion so far in just the 21st century.

 

[RighteousnessTemperance&]

Did you read the article? If you did, then you would know that he wrote that sentence, I think, rather tongue-in-cheek. The article is a defense of the free market as opposed to government coercion, such as price controls and jawboning. The article ends like this:

"Let’s hope that President Biden learns from Carter and Reagan. It is time to stop demanding “fair” prices. He should support market prices, even if he doesn’t like them and they are politically unpopular. And he should stop standing in the way of new drilling and the construction of energy infrastructure like pipelines. It is time to unleash the market to produce more, rather than excoriate the oil producers. Try some motivation by love, President Biden, not motivation by fear."

Yes, read it, quoted it, and came to the conclusion that it is as delusional as voting for Biden in the first place, or Obama for that matter. Carter learned nothing. He sides with Bernie. Obama, Clinton, Biden, Bernie are all of the same agenda.

The painfully obvious fact is that these Dem Progressive Leftists are doing these things on purpose to the detriment of this country and mocking everyone who notices and says something about it.

 

[RighteousnessTemperance&]

Did you read the article? If you did, then you would know that he wrote that sentence, I think, rather tongue-in-cheek. The article is a defense of the free market as opposed to government coercion, such as price controls and jawboning. The article ends like this:

"Let’s hope that President Biden learns from Carter and Reagan. It is time to stop demanding “fair” prices. He should support market prices, even if he doesn’t like them and they are politically unpopular. And he should stop standing in the way of new drilling and the construction of energy infrastructure like pipelines. It is time to unleash the market to produce more, rather than excoriate the oil producers. Try some motivation by love, President Biden, not motivation by fear."

But if you want to interpret that line as tongue-in-cheek when it is the main thrust of the title, you might ought to try explaining that. Why not interpret the entire article as tongue-in-cheek?

 

[KenH]

Yes, read it, quoted it, and came to the conclusion that it is as delusional

I don't think you really understand the tone of the article and the defense it makes of the free market system. It sounds like you are hung up on a single sentence. Would I have written it that way? No. But I try not to pick at an article when I agree with 99+% of it over a phrase I would not have used.

 

[KenH]

But if you want to interpret that line as tongue-in-cheek when it is the main thrust of the title, you might ought to try explaining that. Why not interpret the entire article as tongue-in-cheek?

I think you are missing the point of the article. I don't know what your view is on free market economics. I can tell you for sure that the American Institute for Economic Research(AIER) is not a left-wing organization.

 

[RighteousnessTemperance&]

I don't think you really understand the tone of the article and the defense it makes of the free market system. It sounds like you are hung up on a single sentence. Would I have written it that way? No. But I try not to pick at an article when I agree with 99+% of it over a phrase I would not have used.

I think you are missing the point of the article. I don't know what your view is on free market economics. I can tell you for sure that the American Institute for Economic Research(AIER) is not a left-wing organization.

Hmmm. You don’t know my view, but you feel I misunderstand the article. Not a good start. And that comment about AIER seems to be coming out of left field (pun intended). Wonder what provoked it.

I’d say your posts seem to miss the point of my comments entirely. They don’t seem to reveal much understanding of them. Maybe because your own comments focus too narrowly on particular phrasing. Try addressing the full content of my comments instead.

And your posts seem to imagine the sentiment of the sentence I quoted, which is also part of the title of the article, is not reflected elsewhere in the article. That would be a basic point of disagreement. Why not just explain how you see the author's dissociation?

 

[Van]

I want both parties of the Duopoly voted out of office. Both major parties are old, dilapidated, and well past their "Use By" date. Whatever good the Duopoly might have been for limited, rational government in the past is long gone.

My two big issues are balancing the budget and getting rid of this horrible fiat monetary system and replacing it with a gold-standard system. Neither party of the Duopoly cares about either one of those two issues. I have no use for either of them. The Duopoly needs to be voted out of power.

First do what can be done. Put the Republicans in charge. Then go for your third party nonsense.

 

[KenH]

First do what can be done. Put the Republicans in charge. Then go for your third party nonsense.

No. I have been distracted by the Duopoly in the past from time to time. Not happening any more. The Duopoly needs to be voted out of power - NOW! You can vote for all of these Republicans on their part of the Duopoly you want and they will not stop increasing the national debt and they will not get rid of the fiat monetary system and replace it with a gold standard monetary system.

You may settle. I won't.

 

[KenH]

Why not just explain how you see the author's dissociation?

I have tried to explain it to you. Obviously, we are at an impasse about it. Guess we'll just have to leave it there.