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<blockquote data-quote="vantexan" data-source="post: 5195872" data-attributes="member: 24302"><p>Supply and demand moves prices.&nbsp; If supply is reduced in a market but demand is still high what happens to price?&nbsp; Supply is then brought in to meet the demand.&nbsp; Does that alleviate price?&nbsp; No, the greater costs of bringing in needed supply keeps prices higher than when supply was sourced locally.&nbsp; Take away the foreign supply and prices will rise higher still due to demand.&nbsp; Which is why the Biden administration is being asked to open up access to Federal land again.&nbsp; If it was strictly a matter of oil corporations deciding production levels based on profitability then there would be no need to bring in foreign oil because our oil companies would be producing a lot more to capture higher profits with current prices.&nbsp; But they can only produce so much with the resources they have.&nbsp; Thus we&#039;re dependent on foreign oil because Biden refuses to open up Federal land.&nbsp; Those higher oil prices are the single biggest factor outside of the huge money printing that has caused big price increases in literally everything.&nbsp; No matter how you try to explain it away the average consumer knows under Trump a lot more oil was produced domestically and prices at the pump were a lot more reasonable.&nbsp; And those who follow politics know that Democrats have been saying for years they want much higher gas prices to wean us off fossil fuels.&nbsp; The average voter is seeing up close what that means to him.&nbsp; Someone using 15 gallons of gas a week is spending more than double what he did under Trump and for someone who only makes $25k a year that extra $30 or more really hurts.</p></blockquote><p></p>

[QUOTE="vantexan, post: 5195872, member: 24302"] Supply and demand moves prices. If supply is reduced in a market but demand is still high what happens to price? Supply is then brought in to meet the demand. Does that alleviate price? No, the greater costs of bringing in needed supply keeps prices higher than when supply was sourced locally. Take away the foreign supply and prices will rise higher still due to demand. Which is why the Biden administration is being asked to open up access to Federal land again. If it was strictly a matter of oil corporations deciding production levels based on profitability then there would be no need to bring in foreign oil because our oil companies would be producing a lot more to capture higher profits with current prices. But they can only produce so much with the resources they have. Thus we're dependent on foreign oil because Biden refuses to open up Federal land. Those higher oil prices are the single biggest factor outside of the huge money printing that has caused big price increases in literally everything. No matter how you try to explain it away the average consumer knows under Trump a lot more oil was produced domestically and prices at the pump were a lot more reasonable. And those who follow politics know that Democrats have been saying for years they want much higher gas prices to wean us off fossil fuels. The average voter is seeing up close what that means to him. Someone using 15 gallons of gas a week is spending more than double what he did under Trump and for someone who only makes $25k a year that extra $30 or more really hurts. [/QUOTE]

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