Comments by "Debany Doombringer" (@debanydoombringer1385) on "Gas Prices Continue to Soar as Bidenomics Crushes the US Public" video.

To anyone confused about export and imports of oil in the US, I'll explain. Most of what we import is really dirty, nasty cheap oil. New refineries can't process it because it will gunk up and break their equipment. The US I one of the only countries that still has old refineries in working condition. My grandfather and husband worked at the longest continuous running refinery in the US. We import their dirty oil and process it into perfectly useable gas that sells at the same price that clean oil produces. We make a TON of money from it. In exchange, the US puts some of it's clean oil on the global market and that's our exports. If we stopped doing that, that yucky oil is now unusable which would drastically reduce the future global supply and would drive prices astronomically high. A lot of people think all oil is equal, but it is not.
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@American-Motors-Corporation 2015 was Obama, not Trump so what does that have to do with him? You forgot that Nixon also caused our oil imports to double due to price controls he put in place. The Arab Oil Embargo that you're referring to was because we'd just faced an oil crisis. What happened in 2015? The US became the largest producer of oil. We were no longer at risk of an oil crisis. We export mainly to Canada and Mexico. I'm confused by why you think sending India oil is bad. We are not currently experiencing an oil shortage. The price of oil is based on speculation, not current supply. That speculation is on the global market, not just the US. Let's take the Keystone pipeline as an example. The pipeline would have allowed oil to flow to refineries faster and increased the global supply of oil so prices dropped in speculation of that happening. When it got canceled, the oil production wouldn't increase thus keeping the global supply the same so the price rose because the speculation was incorrect. The current prices rising is because Biden's cuts to drilling will effect the global supply in the future. If we don't increase exploration, we won't be able to replace oil deposits that run out and stop producing. That will decrease the amount available in the future. Whenever there is a decrease in the amount of something (or the likelihood of a decrease) the price of that item goes up. Edit: Maybe have a basic understanding of how the market works before voicing what you believe to be true.
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@American-Motors-Corporation Why would he? His policies had the US producing so much oil, the price of oil went negative. We became a net exporter which means we were exporting more than we imported. I did not see Trump and go ballistic. If you think explaining how the market works is "ballistic" then you should probably refrain from posting or ever speaking to anyone. Why would you place an embargo, which is a punishment, on countries that weren't doing anything? My family has worked in the oil business for 60 years so I'm not uninformed or even looking at it as political. Just stating facts. I know several people that own oil wells and are directly affected by all these policies. Where are your facts to back up your claims? No where. You say look at this, claim it caused the current prices (it didn't because the price is global not domestic), and gave zero proof of your claim. I explain in detail exactly why the prices are as high as they are and that's going "ballistic" according to you. Refute anything I said. Gas prices are higher in Europe, Canada, and several other countries due to the increase in price on the global market. Do you think that a US company is going to sell their oil far below market price domestically? Is that what you're trying to claim? Edit: Nixon's price controls caused us to double our imports. If it didn't, it did, prove it. There are plenty of charts that show how much we use that's imported.
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