@YahooSports We've seen the video evidence of the cheap shot and it is a dirty play. Unless Tibbetts has evidence the video has been tampered with, is a fake, AI generated then he has no valid argument. Suspension should have been longer and included a fine.
@RealBrittHughes There are very large numbers of African Americans who function in the mainstream and do much to advance opportunities for others by setting good examples. Sadly, the street corner, hood mindset never leaves others given opportunities, this is an example of that.
@HoopHerSpeaks If it was a clean play, why did #25 make a fist and have her knuckles in Clark's throat? #10 is obviously trying to push her team mate #25 off of Clark in the still posted by @RGIII.
@BadgedPatriot@timburchett 👎👎👎👎👎 instead of stars as @POTUS is using the Obama/Biden playbook to take the heat off himself over pump prices. It is immediately obvious that neither of you have the slightest understanding of the role of commodity markets. Major oil companies own only 1% of fuel outlets
🚨"The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil," says President Donald Trump in the post below.
This is incorrect. Let me explain why.
▪️First, "Big Oil" doesn't own the gas stations. The vast majority of those stations are owned by independent entrepreneurs who price their gasoline based on the cost of the latest tanker delivery they've received.
▪️It takes days - most often, more than a week - for movements in oil prices to filter all the way to the retail outlets.
▪️The president has correctly boasted in recent days about the big volumes of crude now coming through the Strait of Hormuz. But it will take weeks before those slow-moving oil tankers arrive in ports around the world with their lower-priced cargoes.
▪️"Big Oil" does own the refineries, but refineries are price-takers on the market, not price-makers. They pay market prices for the cargoes delivered to them via oil tankers or pipelines.
▪️ Right now, the tanker cargoes coming into their facilities were loaded two weeks ago, when the Brent crude price was $94/bbl, $19 higher than today.
▪️ Due to dangerously low domestic inventories caused by the war, U.S. refiners are having to import a much higher percentage of crude right now on tankers because domestic pipeline supplies are constrained.
▪️Even with all this, U.S. average price for regular has dropped by 60 cents in a month according to AAA, and will keep dropping in the weeks to come as long as the Strait of Hormuz remains open.
This is how the market works, Mr. President. It is how it has always worked, in fact.
Washington politicians have levied the "price gouging" charge at Big Oil a thousand times before you, Mr. Trump. You know how many times a federal investigation has found a Big Oil company guilty as charged in all these years?
ZERO. As in, NEVER.
Because that's not happening.
You are taking away DOJ resources from more important investigations to send them on a wild goose chase. Maybe instead of typing on your phone, give @SecretaryWright a call. He'll tell you the same thing I just told you.
That is all.
@nicksortor Anything to deflect criticism/blame away from himself. He'd throw his own mother under the bus to keep the heat off himself. He is truly ignorant here.
@Tejanobrown ~83% of domestic crude oil production is from Independents (no downstream operations). "Big Oil" (that's actually OPEC) owns ~1% of U.S. retail fuel outlets. Hmmm?
@RapidResponse47 3/3 - of service stations in the U.S. are owned by companies that also produce oil, U.S. oil producers are in no position to control retail gasoline prices". https://t.co/IzyEkqRdDH
@RapidResponse47 2/n - gasoline, diesel and other fuels prices are set in competitive markets ... Fuels are sent to more than 400 U.S. distribution facilities, from which they are sold and delivered to retailers and end users ... Gas station operators set retail prices ... Since only 1 percent
@EnergyCynic The Czar of all things always seems to believe he has more power to just command his wishes are fulfilled than actually exists. King Donald has spoken to his subjects, revealing his total lack of understanding about how markets influence commodity prices.