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Just when I thought this boob couldn't get any dumber - or incompetent - he does; and it's costing this country.
I hope he and his ilk are steamrolled in the 2022 elections, never to be heard from again, or, at the very least, will be lame-ducked into irrelevancy.
At some point you have no option but to throw a 'punch' if rational argument fails. Imagine Bagdad Bob's clone .... that's squid.
I disagree. We can all have fundamental disagreements and still engage in a healthy debate without personal attacks. We’re all Americans here no? Let’s try being a little more civil.
Disagreements aside I hope you and your family have a happy Thanksgiving. Hopefully that is something we can agree on.
Last edited by Cruz Azul Guy; 11-25-2021 at 07:32 AM..
^^ didn’t bother to read through it. But I’ll guess it’s all wrong.
We have prices issues because US production declined by millions of barrels per day under trump after corona slowed us down and the Russians and Saudi’s got into a pissing contest over oil prices.
Biden halted new permits on public land, doesn’t really matter. 95% of oil is from private land.
The keystone pipeline had nothing to do with oil for us. It was about exporting trash Canadian tar oil.
Demand is back from consumers as we use more and more of it again. Projects that were shuttered during the slowdown take months to re start when they decide to bring them online.
Bottom line is oil production has increased since Biden took office. It’s still lower than the peak under trump… but higher than when he left office.
Your post is full of nothing more than fear mongering and misinformation.
Here is link to a graph that illustrates the bolded. It's clear that oil production is kind of following the same path as job creation. (replacing previously lost jobs/replacing previously lost oil production).
For some reason right wingers like to point out that Biden is (ONLY) bringing back the lost jobs during the shutdown, but some reasonn they would rather lie and deny that Biden is also bringing back domestic oil production toward previous pre-pandemic levels.
I guess admitting that Biden is bringing both things "back to normal" would be giving him too much credit.
The democrats are perfectly fine with the increase in gas prices.
This SPR release only has to do with shrinking poll numbers and a nearing mid term election cycle in which they will probably be taking a huge shellacking.
Biden wants to pretend he is doing something for sure, BUT as always …. FOLLOW THE MONEY !
Biden is selling off the Emergency Strategic Reserve — the Operative word here is SELLING.
50 Million Barrels at $70.00+ a Barrel is REAL MONEY. We will never know where that money goes, but you can bet that he and Nancy are using it to pay for their Multi Trillion Dollar Boondoggles.
Quote:
Originally Posted by ticking
I don't think we are paying for "China's oil". China imports most of their oil. While we are tapping our petroleum resources, China has been sitting on theirs for now. In the longer term, our resources will be used up, and China will someday be able to then tap their own oil resources at a time when they are more scarce and at an elevated price.
With China we really don't know all the facts. It appears they have created their own strategic reserve which may have 10's to 100's of millions of barrels of oil in it. They had the excess money and capacity to buy oil during the dips in price and now may be well positioned for the longer term. How big are China's crude oil reserves and how do they compare to the US' SPR?
According to Bloomberg, Biden has been selling Strategic Reserve Oil in smaller amounts to China for months.
U.S. Is Already Exporting Oil From Strategic Reserve at Record Pace - Bloomberg 11/10/21 About 1.6 million barrels of crude from the U.S. Strategic Petroleum Reserve -- a monthly record -- was shipped out in October, according to data from market intelligence firm Kpler. Three cargoes were loaded onto a supertanker in the U.S. Gulf Coast and are headed to Asia. “Given the ongoing pace of the current SPR release -- 12 million barrels in the last two months
Quote:
Originally Posted by michiganmoon
So, hopefully we replenish our emergency reserve petroleum reserve quickly, in case an emergency happens.
Trump filled it when prices were low. We are in a tight market now, so we won’t have the opportunity to fill it anytime soon.
Quote:
Originally Posted by Ponderosa
It's Bill Clinton's fault. Really. Or maybe Jimmy Carter.
The Law that authorized the Strategic Reserve was passed after the OPEC Oil Embargo during the Carter years.
It wasn’t a matter of high gas prices, it was a matter of really short supply ….due to the Embargo.
As for Clinton, he figured out that selling the Strategic Reserve gave him a BIG pot of Money.
Obama did the same thing and then passed a law in 2015 that required periodic Sales and the Money was supposed to be for repairs to the Salt Domes that hold the oil, which did not happen.
Senator Manchin, Democrat Leader of the Energy Commitee did not like this sell off.
Just go turn the screws a little harder on the public - TeamBiden is going to raise the prices of Oil Leases.
Also adding a bunch of regulations and cut the lease time in half. It will grind exploration to a halt.
So … the Oil Sale is for the MONEY, it won’t help Gasoline prices, heating oil prices or Natural Gas prices - the new Energy Law added to the poison pills in the Infrastructure Law, will reduce our American Petroleum Industry , which is the entire goal. High Prices and short supply.
someone needs to tell Biden, it's for emergencies, when we have oil shortage situations where we need all we can get. Releasing oil reserves is not supposed to be just to lower prices at the pump. now we will be replacing the cheaper oil with more expensive oil.
So what is he supposed to do? The right keep attacking Biden for "doing nothing" in regards to gas prices. Now that he has, he is attacked again. Does anything other than a Republican in office satisfy the right? Mind you, even if the pipelines and drilling "he ended" were restarted, it would take months if not years for it to be effective.
So what is he supposed to do? The right keep attacking Biden for "doing nothing" in regards to gas prices. Now that he has, he is attacked again. Does anything other than a Republican in office satisfy the right? Mind you, even if the pipelines and drilling "he ended" were restarted, it would take months if not years for it to be effective.
He's already screwed everything up by canceling oil drilling and pipeline projects.
Energy prices have surged this year.
He's already done his damage, and the LAST thing they ever should have done was to tap the SPR -- which is there for times of war or servere supply disruption. And besides tapping the SPR his other big thing to fix his own mistakes has been to beg our enemies (OPEC) to help us out. Nice plan.
Last edited by BeerGeek40; 11-29-2021 at 04:28 AM..
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