Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising | |
Rufus Juice
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Anonymous Coward User ID: 26787043 United States 11/23/2021 01:32 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising If it wasn't for Trump that reserve would be very low. Biden is just trying to drain the supply. Next step.... Quoting: Coraline trump did his globalist job, Biden is continuing his legacy you're too thick to understand it Are you fking retarded or just a propaganda liberal whore? I work in the oil industry (for a fortune 500 company fyi) and trump signed several bills for drilling, fracking, energy solutions research and building the infrastructure of a self dependence on the oil industry within the country. Anytime you want to challenge this stance we can debate the "understanding" term you mentioned, as I'm very aware of past and present economic policies within the field. |
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Mr. Bisby
User ID: 34166608 United States 11/23/2021 01:35 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising This is damn interesting. IF the government has to add supply to the market in order to lower prices WHO has been buying up supply to get to that point and why. Have governments been buying up available supply in preparation for war??? |
Anonymous Coward User ID: 81214282 United States 11/23/2021 01:35 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising If it wasn't for Trump that reserve would be very low. Biden is just trying to drain the supply. Next step.... Quoting: Coraline trump did his globalist job, Biden is continuing his legacy you're too thick to understand it Are you fking retarded or just a propaganda liberal whore? I work in the oil industry (for a fortune 500 company fyi) and trump signed several bills for drilling, fracking, energy solutions research and building the infrastructure of a self dependence on the oil industry within the country. Anytime you want to challenge this stance we can debate the "understanding" term you mentioned, as I'm very aware of past and present economic policies within the field. And he drove over 5000 small companies in Texas out of business too. Do you think cheap oil is good for the economy in texas, or in any state for that matter? |
Anonymous Coward User ID: 81214282 United States 11/23/2021 01:36 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising This is damn interesting. IF the government has to add supply to the market in order to lower prices WHO has been buying up supply to get to that point and why. Have governments been buying up available supply in preparation for war??? Quoting: Mr. Bisby Thats why it is called the strategic reserves. It for the military, or a real emergency like a blockade of the straight of hormuz |
Anonymous Coward User ID: 78171491 United States 11/23/2021 01:37 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising The purpose has always been control. The plan / message / urgency has changed. The whole reason for the Gulf Wars was the first real attempt at control ("Global Warming" during Clinton/Gore) failed. They couldn't agree how to split the pie. So we had Bush/Cheney - let's just take the oil. Funny thing about war criminals - they ALL Want a piece of the action. They wanted the whole darn middle east fractured and under their control, and with that the ability to leverage against other countries. With so many hands at the till and with how easy it was for outside parties to complicate large operations it too failed to be their salvation. So it was back around to Global Warming again. That wasn't working well. So now it is on to CoVID. Did you really think it was ever about bad flu? |
Trio
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Anonymous Coward User ID: 81212131 United States 11/23/2021 01:41 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising Oil is crucial to fighting a war. Quoting: Anonymous Coward 73826914 It should be obvious now that our government has been fully infiltrated by our enemies. Our internal enemies are getting us ready for occupation. Coming soon will be another major false flag, followed by martial law, and attempted gun grabs, which will trigger a civil war, which is what they want. They are going to start another world war to reduce human population drastically. It's going to be mostly conventional warfare (plus biological), to create starvation, and reduce human population down to 1/2 billion people. ^^^This. It should be obvious to anyone paying attention now, its coming. |
Anonymous Coward User ID: 78171491 United States 11/23/2021 01:48 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising If it wasn't for Trump that reserve would be very low. Biden is just trying to drain the supply. Next step.... Quoting: Coraline trump did his globalist job, Biden is continuing his legacy you're too thick to understand it Are you fking retarded or just a propaganda liberal whore? I work in the oil industry (for a fortune 500 company fyi) and trump signed several bills for drilling, fracking, energy solutions research and building the infrastructure of a self dependence on the oil industry within the country. Anytime you want to challenge this stance we can debate the "understanding" term you mentioned, as I'm very aware of past and present economic policies within the field. And he drove over 5000 small companies in Texas out of business too. Do you think cheap oil is good for the economy in texas, or in any state for that matter? For 'Texas' - no. In so much as they wouldn't get as much money from outside of their state. I could say the same about how Iowa would love $50/bushel of corn. For the overall economy - yes I do. The less financial costs for energy the more ways in which you can leverage it to your goals. Do suppliers like low prices? No, of course not - but their customers do. |
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Anonymous Coward User ID: 77581223 United States 11/23/2021 01:52 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising I been having a bad feeling lately that we are approaching peak oil, and or not really but the powers that be are going to say we are. Either way it will likely add haste to the whole dark winter thing...just my 2 cents Quoting: Don Draper from Nantucket There is 100 years of oil sitting in the ground in Texas alone. We are nowhere near peak oil. |
Logan Five
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Logan Five
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Don Draper from Nantucket
User ID: 80692948 United States 11/23/2021 02:03 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising Having to pay three dollars more for gas to get the grandmas house on thanksgiving is not an emergency. Quoting: Anonymous Coward 81214282 Biden is doing this to use up our emergency reserves. War is coming and we're being intentionally hobbled! PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Grateful1
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Don Draper from Nantucket
User ID: 80692948 United States 11/23/2021 02:05 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising I been having a bad feeling lately that we are approaching peak oil, and or not really but the powers that be are going to say we are. Either way it will likely add haste to the whole dark winter thing...just my 2 cents Quoting: Don Draper from Nantucket There is 100 years of oil sitting in the ground in Texas alone. We are nowhere near peak oil. Good luck getting it out of the ground with poopy pants biden at the helm! PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Billxam, ABATE, AWHA
User ID: 56270897 United States 11/23/2021 02:06 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising whoop de do ... the US uses just over 18M per day, so ~ 5, 6 days ... that will really put those prices down Quoting: Satirist what a clown Proud to be UnV'd There is one constant in life: If you build something worth having, someone will try to take it or destroy it. Proud member of A Brotherhood Against Totalitarian Enactments, Americans Who Hate Aging, proud supporter of attractive women. |
Anonymous Coward User ID: 62916506 United States 11/23/2021 02:10 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising More oil shortage bullshit!!! Quoting: Perma-Banned The White House announced Tuesday that President Joe Biden would release 50 million barrels of oil from the Strategic Petroleum Reserve. The president argued in a statement the demand for oil was not able to keep up with the economy recovering from the coronavirus pandemic shutdowns, leading to higher prices. “American consumers are feeling the impact of elevated gas prices at the pump and in their home heating bills, and American businesses are, too, because oil supply has not kept up with demand as the global economy emerges from the pandemic,” the White House said in a statement. [link to www.breitbart.com (secure)] Still has to be converted into gas and he's just emptying the reserves so we don't stand a chance in fighting the Chinese when they invade..... |
No Need
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Anonymous Coward User ID: 26787043 United States 11/23/2021 02:35 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising If it wasn't for Trump that reserve would be very low. Biden is just trying to drain the supply. Next step.... Quoting: Coraline trump did his globalist job, Biden is continuing his legacy you're too thick to understand it Are you fking retarded or just a propaganda liberal whore? I work in the oil industry (for a fortune 500 company fyi) and trump signed several bills for drilling, fracking, energy solutions research and building the infrastructure of a self dependence on the oil industry within the country. Anytime you want to challenge this stance we can debate the "understanding" term you mentioned, as I'm very aware of past and present economic policies within the field. And he drove over 5000 small companies in Texas out of business too. Do you think cheap oil is good for the economy in texas, or in any state for that matter? Pandemic- “A V-Shaped Recovery: • Over 11.4 Million Jobs Created Over the Last Five Months • New and Existing Home Sales Reached Highest Levels Since 2006 with Over 1 Million and 6 Million Respectively • Orders for Durable Goods Increased by Nearly $1 Billion, a Four-Month Streak • Business Investment is Beating Economists’ Expectations • The Federal Reserve Revised its GDP Projections Upward from -6.7 growth to a -3.7 growth in 2020 Before the Pandemic, the Tax Code was Spurring Higher Wages, More Jobs, and Greater Economic Growth: • Record amount of job openings with 7.5 million jobs following TCJA’s passage • Business investment was growing ending Obama-Biden’s five-year downward trend • Highest level ever of business creation with over 880,000 business applications • Low- and middle-class families saw the largest gains in wealth growth in 2018 and 2019 • Median household incomes increased 7.1% for Hispanics, 7.9% for Blacks,10.6% for Asian Americans and 8.5% for foreign-born workers. • Compared to Obama-Biden’s second term, wage growth, as a measure of median usual weekly earnings, grew 24% faster for Hispanics, 79% faster for Blacks, and 95% faster for Asian Americans, and grew 60% faster for women. • Compared to Obama-Biden’s second term, wage growth, as a measure of median usual weekly earnings, more than doubled for those with less than a high school diploma and those with either some college or have an associate degree. “ “Of that sum, Congress designated almost $350 billion to small businesses — companies with fewer than 500 employees. If operators use the money to hold on to their staffs, the loans will ultimately be forgiven.” [link to www.documentcloud.org (secure)] TCJA- • “Jobs Added to the Economy. Since the enactment of TCJA, the economy gained nearly 5 million jobs before the pandemic. • TCJA Brought a Record Amount of Job Openings. Under TCJA, job openings were at a record high of 7.5 million jobs. • Businesses Started to Reinvest Again. Core investments in equipment and other business necessities reversed its Obama-era five-year downward trend and shot back up to near historic highs making businesses and workers more productive, while boosting workers’ wages. • Business Applications At Record Levels. TCJA encouraged business creation as the amount of business applications reached its highest level ever of over 880,000.” [link to republicans-waysandmeansforms.house.gov (secure)] TEXAS & LOWER PRICED OIL vs PRODUCTION- In 2017, Texas oil production exceeded the state's 1972 peak for the first time, and in 2019 annual output reached a new high of 1.85 billion barrels. In 2020, annual production fell slightly to almost 1.8 billion barrels in part because of lower demand during the COVID-19 global pandemic. [link to www.eia.gov (secure)] 2019(highest production): Avg price per barrell: $50 [link to www.eia.gov (secure)] “The industry supported over 2.5 million Texas jobs, provided more than $251.1 billion in wages and contributed more than $411.5 billion to the state’s economy in 2019, according to a study conducted by PricewaterhouseCoopers (PwC) that compiles the latest available government data.” [link to www.api.org (secure)] |
BLUENOTEBILLY
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Anonymous Coward User ID: 1372943 United States 11/23/2021 02:42 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising He shut down as much of the industry as possible - pipelines, permits, etc. Quoting: Anonymous Coward 77326810 All planned. Drain the strategic reserve and what do we have for a time of war or real crisis? Just like we sold all our helium dirt cheap. It’s critical for research and some medical imaging. All by design imho. Buy Helium Coin instead. Went from $0.02 to $50.00 in a year and now just approved 1000 to 1 forward split. This will make people MILLIONIARES |
Anonymous Coward User ID: 72946100 United States 11/23/2021 02:43 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising It's a feel good measure that amounts to a blip. Quoting: Anonymous Coward 78171491 In a month it will be over and prices rising again. Their plan IS to strangle fuel supplies. The IEAE has been lying for decades. The world is producing flat-out and the streams are starting to run dry. We won't run out, but we aren't going to continue to produce more and more every year. We will produce less and less and less. Their plan is complete control. Peak energy (specifically easy to produce oil) is simply that which is driving their urgency. Energy Returned On Energy Invested I have been watching this coming for a long time. There are ups and downs, but the general trend is ALWAYS down. Still think the covid "scare" tactics had to do with public health? Think again. It was because of incoming geological limits that don't play well with a monetary based capitalistic economy. What better way to conserve energy resources than to encourage the world to "lockdown" and stay home. Viola! They might be evil, but they're not dumb. |
Judethz
User ID: 79555498 United Kingdom 11/23/2021 02:46 PM Report Abusive Post Report Copyright Violation | Re: Joe Biden Releases 50 Million Barrels of Oil from National Strategic Petroleum Reserve as Gas Prices Keep Rising More oil shortage bullshit!!! Quoting: Perma-Banned The White House announced Tuesday that President Joe Biden would release 50 million barrels of oil from the Strategic Petroleum Reserve. The president argued in a statement the demand for oil was not able to keep up with the economy recovering from the coronavirus pandemic shutdowns, leading to higher prices. “American consumers are feeling the impact of elevated gas prices at the pump and in their home heating bills, and American businesses are, too, because oil supply has not kept up with demand as the global economy emerges from the pandemic,” the White House said in a statement. [link to www.breitbart.com (secure)] Whoopie Doo, thats about 3 days supply for the USA. |