Biden releasing 50 millions barrels of oil from the reserve.

[write on]

The link is blank.


I wasn't discussing the long game, which you'd see of you could actually digest what was written

The link works fine for me.

But anyhow, let's post it again...

U.S. to release oil from reserves in coordination with other countries to lower gas prices

The U.S. will release 50 million barrels of oil from the Strategic Petroleum Reserve in an effort to combat climbing gas prices.

www.cnbc.com

If the link doesn't work for you again, I'll give you the gist of it so you can look it up.



Do you agree with Biden's long game since it is most assuredly relevant?

 

[PhilFish]

The link works fine for me.

But anyhow, let's post it again...

https://www.cnbc.com/2021/11/23/biden-says-us-will-tap-strategic-petroleum-reserve-as-gas-prices-hover-around-7-hear-High.html

If the link doesn't work for you again, I'll give you the gist of it so you can look it up.

View attachment 67114

Do you agree with Biden's long game since it is most assuredly relevant?

Its relevant, we'll see what happens..near term not much

What I get:
We’re sorry, the page you were looking for cannot be found.

 

[write on]

Its relevant, we'll see what happens..near term not much

What I get:
We’re sorry, the page you were looking for cannot be found.

I posted a screenshot for you to look up its headline.

Go ahead and let's discuss it.

 

[PhilFish]

I posted a screenshot for you to look up its headline.

Go ahead and let's discuss it.

I just said it's relevant.... Read it

And I commented near term not much

 

[write on]

I just said it's relevant.... Read it

And I commented near term not much

Yes, you did.

What's your thoughts on Biden's move?

 

[Dawg]

In a couple days or a couple weeks or a couple months Biden or his press secretary will be Fielding questions from a press pool and one or both of them will say on November 24th the president authorized the release of gas from the strategic reserves to help alleviate travel for the millions of Americans traveling to see their families over Thanksgiving. Or something like that.

Meanwhile all of those millions of gallons still have to be paid for by the consumer, and the profits went in the pockets of the oil companies.

\You can fool some of the people but you can't fool all the people'

Yes it's a political game

And taxpayers it will be the 2nd time they've paid for the gas

 

[Dawg]

They have no reason to increase production or reduce prices.

Has your eatery reduced food prices?

For those bothered of prices, don't buy gas! (stick it to the gas sellers)

 

[Red blooded American]

They have no reason to increase production or reduce prices.

Yes, they do. Supply and demand. As long as your senile stooge keeps his war on fossil fuels going gas prices will continue to be high.

 

[Red blooded American]

Yes, apparently it is a very expensive war

You're right it is. Paid by Americans every single day at the pump. Shameful.

 

[Red blooded American]

What has he done to limit the production of domestic oil or gas?

Let's start with increased regulations and moratoriums on exploration and leasing on federal lands....

Biden Makes Sweeping Changes to Oil and Gas Policy

The Biden administration has imposed a moratorium on new oil and gas leasing on public lands, rattling investors and producing states.

www.csis.org

 

[Spamature]

You're right it is. Paid by Americans every single day at the pump. Shameful.

There is no oil shortage.
Fossil fuel corporation were subsidized with TRILLIONS of dollars by the last admin just last year.
Their stock prices are skyrocketing


Why are you focused on Biden ?

 

[Red blooded American]

There is no oil shortage.

There is a shortage relative to demand and consumption. That IS the driver of prices. His war on fossil fuels has created this mess.

 

[write on]

There is a shortage relative to demand and consumption. That IS the driver of prices. His war on fossil fuels has created this mess.

LMFAO!!

Biden has started the first world war on fossil fuels!!

Hang 'Em High!

This is what we've devolved to...

We're Fvcked!

 

[Spamature]

There is a shortage relative to demand and consumption. That IS the driver of prices. His war on fossil fuels has created this mess.

But why would that be ?
Consumption was done immensely last year.
It not like the oil they had already pumped and stored went bad.
It not like we are using more oil than we did in 2019
Why aren't you blaming the oil companies and OPEC.
They decide how much to produce.
It is not a war on fossil fuels that have them producing less.
It's their decision to cap wells during the pandemic.
And now just like other companies they are gouging consumers.

 

[write on]

But why would that be ?
Consumption was done immensely last year.
It not like the oil they had already pumped and stored went bad.
It not like we are using more oil than we did in 2019
Why aren't you blaming the oil companies and OPEC.
They decide how much to produce.
It is not a war on fossil fuels that have them producing less.
It's their decision to cap wells during the pandemic.
And now just like other companies they are gouging consumers.

I don't understand why the right wing doesn't want to let the oil sit underground.

Let Saudi Arabia think long and hard about how much we have.

 

[middleview]

Let's start with increased regulations and moratoriums on exploration and leasing on federal lands....

Biden Makes Sweeping Changes to Oil and Gas Policy

The Biden administration has imposed a moratorium on new oil and gas leasing on public lands, rattling investors and producing states.

www.csis.org

so nothing that has changed production levels...thanks.

 

[middleview]

There is a shortage relative to demand and consumption. That IS the driver of prices. His war on fossil fuels has created this mess.

the pandemic created this mess.
The price of gas went down because nobody was driving anywhere. Producers cut back. Demand picked up and oil companies are happy pushing the price up. Nothing Biden has done cut current production levels.

 

[middleview]

Has your eatery reduced food prices?

For those bothered of prices, don't buy gas! (stick it to the gas sellers)

my restaurant is not the topic dawg

 

[Red blooded American]

the pandemic created this mess.
The price of gas went down because nobody was driving anywhere. Producers cut back. Demand picked up and oil companies are happy pushing the price up. Nothing Biden has done cut current production levels.

If you believe that then pretty damn stupid of your senile goof to effectively kill exploration and drilling on federal lands while production was already depressed, huh?

 

[Red blooded American]

But why would that be ?
Consumption was done immensely last year.
It not like the oil they had already pumped and stored went bad.
It not like we are using more oil than we did in 2019
Why aren't you blaming the oil companies and OPEC.
They decide how much to produce.
It is not a war on fossil fuels that have them producing less.
It's their decision to cap wells during the pandemic.
And now just like other companies they are gouging consumers.

So now that you've finally acknowledged that supply and demand are the greatest driver of prices we can finally discuss why supply is low.

You think it's wise to actively inhibit leasing and drilling while production is low? That caused the current energy crisis.