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Started By
Message
re: We have 17 days of oil left in reserves.
Posted on 10/3/23 at 9:44 pm to Norbert
Posted on 10/3/23 at 9:44 pm to Norbert
quote:
are the same people who were warning about an impending food shortage a year ago… which of course never came remotely close to materializing.
And the same people constantly bitching about gas prices
The administration used one of the only tools available to them in their toolbox to give people some relief at the pump and they're still bitching about it
1
Posted on 10/3/23 at 9:45 pm to Penrod
quote:
There is a broad consensus that solar and wind are a bust.
It was a bust 50 years ago when Carter tried it. But your left leaning friends will never learn, nor do they care to learn as there is zero accountability and responsibility with this shite sandwich admin.
Posted on 10/3/23 at 9:45 pm to DownshiftAndFloorIt
quote:
Where's it all going? Diesel is headed for the moon again. Certainly there isn't a surplus of that stuff laying around.
We're dumping the SPR and producing at record rates, and prices are on a moonshot. My simple brain does not understand.
You are confusing oil supply and demand with refinery capacity.
The left wing idiots scared the refiners into abandoning capital plans in fear of governments outlawing their product. Now that we need the refined products, and it’s affecting Biden’s poll numbers, he is trying to get them to invest in refinery expansions.
Posted on 10/3/23 at 9:45 pm to Powerman
The purpose of it is about like having to wear a seatbelt, useless most of the time, only useful in emergency, and may not save you if you get in a wreck but you’d probably have it rather than not.
But sure you can use it whenever you feel like lowering prices for a few months, but you also have to have bought it in the past to sell it now, so you raised prices then to lower them now so it’s a net wash because there’s no bbl creation by the govt. There hasn’t been warnings that gas won’t be available in the last 18 months so there was no emergency to use if for.
But now we’re at $90/bbl making as much as we ever have and using as much as we ever have without a seatbelt.
But sure you can use it whenever you feel like lowering prices for a few months, but you also have to have bought it in the past to sell it now, so you raised prices then to lower them now so it’s a net wash because there’s no bbl creation by the govt. There hasn’t been warnings that gas won’t be available in the last 18 months so there was no emergency to use if for.
But now we’re at $90/bbl making as much as we ever have and using as much as we ever have without a seatbelt.
This post was edited on 10/3/23 at 9:49 pm
Posted on 10/3/23 at 9:52 pm to Tomatocantender
quote:
I'm going to explain this to you Powerfart in baby terms, please follow along. Biden initiated a SHORT position in the summer of 2022 selling a shitload of reserves. Every SHORT position has to eventually be settled with a BUY order. Biden has yet to settle his open order (Sell/Buy). Crude is now $90 plus a barrel. When Biden does close out his position by re-stocking what he sold, all hell will break loose and we'll be on our way to $150 a barrel.
There is a fallacy in your argument. Neither Biden, nor America ever has to close that position, because the reason for a massive SPR is gone - vanished! The SPR was instituted when we were turning into a nation heavily dependent on imported oil. That era ended in 2010. We should have closed three quarters of the SPR then. But like every government program it just goes on and on even after its reason for existence is gone.
Of course they should have filled the SPR when it was almost free, like Trump wanted to. But not because it was strategically important. It was just a good deal. Every company that had storage capacity bought until they were full. The only entity with storage capacity that didn’t buy was the US government because of the ignoramus Democrats.
Posted on 10/3/23 at 9:57 pm to Powerman
quote:
he administration used one of the only tools available to them in their toolbox to give people some relief at the pump and they're still bitching about it
Why was it not voted on in Congress, you know the 2nd branch of govt that makes the laws and controls the purse, so that way the entry and exit point would be laid out in session and with transparency? Why was it done through unilateral executive order in a non-wartime capacity?
Posted on 10/3/23 at 9:57 pm to Hickok
quote:
while the government restricts every oil based operation?
The government is not materially restricting it. Why can’t you see what is so plain? If the government is restricting it why is this the biggest oil producing year in American history? Why?
The Dems are pretending to restrict it so their stupid constituents will vote for them. It’s similar to the way the Republicans try to con the right wing into believing that they are fighting for right wing priorities.
But when the Democrats held all three lawmaking branches of the Federal Government oil and gas production was shooting to the moon.
Posted on 10/3/23 at 10:00 pm to Penrod
quote:
Of course they should have filled the SPR when it was almost free, like Trump wanted to. But not because it was strategically important. It was just a good deal.
Who do we blame for that? Did it ever make it to Trump's desk from Congress? Come on, it's okay you can say it. I won't tell your Left friends, this will just be between you and me...and a couple of lurkers in this thread.
Posted on 10/3/23 at 10:00 pm to Tomatocantender
quote:
Why was it not voted on in Congress, you know the 2nd branch of govt that makes the laws and controls the purse, so that way the entry and exit point would be laid out in session and with transparency? Why was it done through unilateral executive order in a non-wartime capacity?
Probably it's perfectly legal to do so? And it has been done by other presidents previous to the Biden administration?
Posted on 10/3/23 at 10:07 pm to Powerman
quote:
And it has been done by other presidents previous to the Biden administration?
Never in the history of the US has there ever been a monthly draw-down of the SNR for the better part of a year in a non wartime capacity. You are trying to play gotcha with Reagan and that NEVER happened under his watch either. The only idiot to ever perform a methodical monthly draw-down (to buy votes) was Potato in 2022.
Posted on 10/3/23 at 10:10 pm to Tomatocantender
People still have not learned to ignore power bottom.
Posted on 10/3/23 at 10:11 pm to Tomatocantender
quote:
The only idiot to ever perform a methodical monthly draw-down (to buy votes) was Potato in 2022.
Fair enough
But it's not like we ran out
There is nothing to panic about
Posted on 10/3/23 at 10:13 pm to Powerman
The OP didn’t say we ran out, bitch arse.
Posted on 10/3/23 at 10:18 pm to roadGator
quote:
People still have not learned to ignore power bottom.
I know, not exactly my proudest moment. He suckered me in acting like our SNR is just some petty cash drawer that we can advance on whenever we feel like it lol. He got me again. Even had his bff Penrod try to double team my sweet virgin arse.
Posted on 10/3/23 at 10:19 pm to roadGator
quote:
The OP didn’t say we ran out, bitch arse.
Right...and we're not going to run out and it will eventually be replenished
There is 0 reason to panic about this
Of all the things there are to worry about in the world this one doesn't even crack the top 100. This is just typical chicken little bullshite from the incel crowd
Posted on 10/3/23 at 10:22 pm to roadGator
quote:
People still have not learned to ignore power bottom.
You will notice I never replied to him.
Posted on 10/4/23 at 5:37 am to Powerman
quote:
Good thing we're continually producing oil then I guess
Verified dumbass
Posted on 10/4/23 at 5:38 am to Corinthians420
quote:
quote:Good thing we're continually producing oil then I guess yeah. seems weird to panic that we will run out in 17 days instead of the usual 30 days. like if we stop producing we are fricked whether we run out 2 weeks earlier or not.
Checkmate- even a bigger verified dumbass
Posted on 10/4/23 at 5:42 am to pbro62
quote:
Stupid frick Cowerkunt chiming in
FIFY
Posted on 10/4/23 at 6:39 am to Powerman
quote:
Of all the things there are to worry about in the world this one doesn't even crack the top 100. This is just typical chicken little bullshite from the incel crowd
I dont think this is the worst thing to worry about. It's just one more issue on top of another, on top of another with the Bumbling Pedophile Fool you idiots voted for and continue to prop up daily.
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