External forces (pandemic, war)
Domestic policy
Ah yes Justin a singular pipeline while beneficial is going to make oil companies stop spending their money. Its not like they are already posting record breaking profits. Will closing it have influence yes but they are not going to stop everything they are doing.
Justin you seem to be skipping over A. the oil was mainly for export, B. the pipeline again at best wouldn't be done until sometime next year leaving prices now unchanged, and C. that the oil sands oil is more difficult to create into gas so it would mostly go to other sectors.
The pipeline itself would have had little to no impact on the price of gas due to not only the type of oil being pumped but also due to the fact that the oil was mostly slated for export and not domestic use. The pipeline would not even have been completed until at least next year at the best rate.
Biden closing the pipeline caused speculators to purchase oil, depletion the supply while there was high demand. This is 100% Joe bidens fault. Singularly. FJB and his family.
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High gas prices are a global problem. This issue would be here if Trump, Biden, or anyone else would be in office. Is Biden doing great? Hell no. But his policies have no bearing of gad prices in Canada, Australia, or anywhere else. It still sucks either way
ReplyHonestly every advanced economy in the world currently is facing increased prices and inflation and I generally lean toward this being a global issue. Do I think the government could do better though? Absolutely but this is a situation that I do not think the blame can fall singularly on.
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