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A short term band aid and another screw up from the most incompetent administation ever. This reserve is supposed to be there for times of war or severe supply disruption. It's not there so leftist administrations can try to bring down prices due to their own mistakes.
Nice job, 'orange man bad' voters.
Why does the US have a oil crisis? Why did the Biden administration release oil from the National Oil Reserve?
Simple One: We have a oil crisis because the Biden administration stopped several pipelines from moving crude to the refinery, stopping several new leases on oil exploration, stopped oil fracking on public lands.
Two: 50 million barrels released from the oil reserve is about three days worth...the US uses about 18 million a day.
The Biden administration released the oil for nothing but political reasons because of his falling poll numbers.
Real Clear Politic which is an average of numerous polls.
Quote:
President Biden Job Approval
Approve41.6
Disapprove53.1
Disapprove +11.5
A short term band aid and another screw up from the most incompetent administation ever. This reserve is supposed to be there for times of war or severe supply disruption. It's not there so leftist administrations can try to bring down prices due to their own mistakes.
Many times when gas prices went up, they would talk about doing this. Fortunately, administrations havent been dumb enough to do it until now. Its a really dumb move to appease dumb people. It is supposed to make the price of oil lower but in reality it makes it higher. It doesnt meaningfully increase supply and it shows panic and incompetence.
Many times when gas prices went up, they would talk about doing this. Fortunately, administrations havent been dumb enough to do it until now. Its a really dumb move to appease dumb people. It is supposed to make the price of oil lower but in reality it makes it higher. It doesnt meaningfully increase supply and it shows panic and incompetence.
Clinton did it, and it didnt effect prices. Its not just the US that is having problems.
'' Prices have risen as more vaccinated populations are brought out of coronavirus lockdowns, supporting a revival in economic activity. At the same time, from Asia to Europe, the global commodity prices, including those used as fuel for power generation such as coal and gas, have also surged.''
The strategic oil reserve is for when we get attacked and need the fuel to keep our Air Force in the air. It’s so your cities and towns don’t get bombed into powder. With you and your family in them.
It’s not for when you get some bad poll numbers about high gas prices.
The strategic oil reserve is for when we get attacked and need the fuel to keep our Air Force in the air. It’s so your cities and towns don’t get bombed into powder. With you and your family in them.
It’s not for when you get some bad poll numbers about high gas prices.
So I imagine you took the same position when Trump did the exact same thing in 2019?
A short term band aid and another screw up from the most incompetent administation ever. This reserve is supposed to be there for times of war or severe supply disruption. It's not there so leftist administrations can try to bring down prices due to their own mistakes.
This is a good move by the President. It is even better because it is taken in concert with the major consuming nations of the world including CHINA. It is a testament to Biden's skills at diplomacy that he pulled this off.
Biden's "skills at diplomacy"; that's the laugh riot of the day.
The decrepit, mendacious dope & puppet 's only "skill" is doing whatever it takes to remain in office & bend with whatever wind it requires to do so.
He's an empty, useless, yet dangerous carcass.
Why does the US have a oil crisis? Why did the Biden administration release oil from the National Oil Reserve?
Simple One: We have a oil crisis because the Biden administration stopped several pipelines from moving crude to the refinery, stopping several new leases on oil exploration, stopped oil fracking on public lands.
Two: 50 million barrels released from the oil reserve is about three days worth...the US uses about 18 million a day.
The Biden administration released the oil for nothing but political reasons because of his falling poll numbers.
Real Clear Politic which is an average of numerous polls.
Oil prices are high, they have been higher over the past decade but I agree this is a pointless move by Biden, this is not a crisis.
Name the pipelines that he stopped from moving crude.
He halted new leases on Public lands he did not stop exiting operations.
The question remains, why aren't oil companies producing more oil, it has nothing to do with the government. Presidents do not control oil prices.
Quote:
Q Secretary Granholm, thanks so much for doing this. EIA says, domestically, we’re producing about 11 million barrels of oil a day on average. That’s down from 12 million in 2019, pre-pandemic. Why hasn’t domestic production returned in a way that would lower prices?
SECRETARY GRANHOLM: Yeah, this is a great question — a really great question. We have 250 fewer oil rigs that are functioning today than we did before the pandemic. And yet, the oil and gas industry has leases on 23 million acres of public lands on and offshore, over 9,500 permits have been issued that are not being used.
Trump also wanted to buy mass quantities when it was cheap but Democrats shot it down. I understand it would have made us $3 Billion today if he had.
He did. Trump’s decisions related to the strategic oil reserve were some of the few that I agreed with during his presidency.
I’m still deciding if I agree with this latest one. The outrage is what I take issue to, as 90% of it is from people who are completely uninformed on the subject.
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