Biden - Approval

[Dill]

(10-25-2022, 01:06 PM)KillerGoose Wrote: It's all political strategy. The reality is that that he can do nothing to control gas prices. It is a global commodity, driven completely off supply & demand. However, the average citizen isn't really aware of this or doesn't believe it is true. So, he claims credit for prices going down even though it wasn't his doing. People will believe him, of course, just like other people who believe it was his fault for going up. 

Didn't Stewy (or someone) explain also that oil companies tend to raise prices a bit under Dems, and lower them a bit under Repubs? I cannot remember the thread.

Seems that a President does have a bit of control if he can put a portion of our national reserves into the market. The effect may be small, but some effect at least. Also a president can coax other countries into increasing production and lowering prices that way. (Didn't work for Biden this time, though in principle it could.) 

Also, a president can open up more federal land to drilling, increasing our output a bit, though I'm told that the effects won't be felt for years. 

To the degree that a war like the one in Ukraine can affect prices, U.S. involvement may play some role in that. E.g., if we had let Ukraine fall, perhaps gas would be lower worldwide. Presidents can affect that to the degree they control U.S. involvement, and so the success of Ukraine and the length of the war.