N.J. leader has 2 ideas to help drivers facing record high gas prices
The latest proposal to help drivers cope with high gas prices would give drivers a tax rebate and three month of free NJ Transit rides.
Rebate for travel
- Thread starter NYShoreGuy
- Start date
How about we enact fiscal and energy policies that drive the price of gas down?
Too simple, right? But no, the politicians have to continue to get people addicted to free money when things don't go well. This is nothing but a political stunt.
Possibly the stupidest idea ever.N.J. leader has 2 ideas to help drivers facing record high gas prices
The latest proposal to help drivers cope with high gas prices would give drivers a tax rebate and three month of free NJ Transit rides.www.nj.com
OPEC is taking full advantage of this crisis. Remember a big reason why oil is so high is when Trump asked OPEC to cut production in early 2020. This deal was OPEC + which included Russia. https://www.cnbc.com/2020/04/13/ope...st-and-most-complex-deal-ever-dan-yergin.html
That may have been fine in order to save the American oil industry at the time. But that deal is killing us now. OPEC+ refuses to ramp up production. In conjunction with Russian/Ukraine war and the inevitable huge boost of demand due to the end of the pandemic, this is where we are at now. Since Russia is part of this deal, Russia is financing the war with high oil prices.
While the EU has agreed to cut Russian oil off, the Arab nations of traditional OPEC MUST INCREASE production or else the global market for oil will remain very high.
Until production is increased, we cannot relieve inflation pressures.
That may have been fine in order to save the American oil industry at the time. But that deal is killing us now. OPEC+ refuses to ramp up production. In conjunction with Russian/Ukraine war and the inevitable huge boost of demand due to the end of the pandemic, this is where we are at now. Since Russia is part of this deal, Russia is financing the war with high oil prices.
While the EU has agreed to cut Russian oil off, the Arab nations of traditional OPEC MUST INCREASE production or else the global market for oil will remain very high.
Until production is increased, we cannot relieve inflation pressures.
Last edited:
What I don't understand is, why is the oil industry so short sighted? Did they not think that demand would come back?
The deal was good at the time, but why hasn't US production stepped up in response to it? Another factor is we now have an administration in power that wants to punish the oil industry with every chance it gets in order to push the global warming agenda.
I also laugh at the fact that everyone said shutting off Russian oil wouldn't be a big deal because they account for only 7% or something of the supply in the US. Now every story you read on high gas prices mentions the fact that Russian oil was cut off and is the primary reason for high prices. LOL.
All told, this is yet another reason why the economic shutdown of 2020 will go down as one of the biggest blunders ever in human history.
The deal was good at the time, but why hasn't US production stepped up in response to it? Another factor is we now have an administration in power that wants to punish the oil industry with every chance it gets in order to push the global warming agenda.
I also laugh at the fact that everyone said shutting off Russian oil wouldn't be a big deal because they account for only 7% or something of the supply in the US. Now every story you read on high gas prices mentions the fact that Russian oil was cut off and is the primary reason for high prices. LOL.
All told, this is yet another reason why the economic shutdown of 2020 will go down as one of the biggest blunders ever in human history.
These N.J. gas stations to offer price drop Friday to promote self-serve
Roughly 70 gas station will cut gas prices Friday to rally support for legislation to allow drivers to pump their own gas.
49 states let you pump your own gas they have the same problem. I'm no economist, just a hunch but this doesn't solve the problem and it will put more people on the unemployment line during inflation.These N.J. gas stations to offer price drop Friday to promote self-serve
Roughly 70 gas station will cut gas prices Friday to rally support for legislation to allow drivers to pump their own gas.
