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Started By
Message
re: Biden set to release oil from emergency reserve in bid to lower US fuel prices
Posted on 10/19/22 at 7:12 am to frequent flyer
Posted on 10/19/22 at 7:12 am to frequent flyer
It’s doing two things; increasing supply in the market now, and will cause supply shortages in the market when a responsible President follows him and builds it back up. So, he is making everything thing harder to fix for his successor. This regime is a piece of work.
0
Posted on 10/19/22 at 7:12 am to Arkapigdiesel
Only Jimmy Carter is enjoying this shite show of an administration, just pathetic!
Posted on 10/19/22 at 7:36 am to frequent flyer
Useless political move, this administration is only interested in what will help bolster the polling numbers for the Dims.
Posted on 10/19/22 at 7:37 am to frequent flyer
Posted on 10/19/22 at 7:37 am to ragincajun03
quote:
So yes, it could decrease crude oil prices (Is WTI the only oil type that’s in the SPR?).
I would assume so but I am not sure tbh. I just mentioned WTI since it is the US benchmark.
This post was edited on 10/19/22 at 7:39 am
Posted on 10/19/22 at 7:37 am to Play_Neck
We’re fricked regardless because he is in charge.
Posted on 10/19/22 at 8:05 am to teke184
quote:
Joe Biden’s announcement is expected this week as part of the response to Russia’s war on Ukraine, one of the sources said.
Yea OK, nothing to do with midterms...
Posted on 10/19/22 at 8:19 am to frequent flyer
any of our resident Biden voters swung by to deflect? if i had to guess, ignoring this specific moronic move to make some lazy point about this being indicative to modern day politics.
Posted on 10/19/22 at 8:32 am to Jcorye1
quote:
a sitting President can release strategic oil reserves purely to attempt to help his own party stay in power.
This is the part that pisses me off. There should be legislation put through that limits What the reserves can be tapped for, and “trying to increase supply because my idiotic policies have driven prices through the roof and it’s bad for my political future” should not be on the list.
Posted on 10/19/22 at 8:34 am to Chucktown_Badger
Would just declare an National Energy Emergency and tap them.
You could start needing congressional approval, but congress doesn't want that to happen. It would be politics like the deficit cap.
You could start needing congressional approval, but congress doesn't want that to happen. It would be politics like the deficit cap.
Posted on 10/19/22 at 8:35 am to CatfishJohn
quote:
This guy is a fricking disaster.
The whole left knows Americans are about to vote with their wallets so they're grasping at straws. I know quite a few Biden voters that are screaming from the GOP mountaintop right now.
Agreed. But its scary how many Democrats are still going to blindly vote Democrat. I know several of them on social media are still banging that Democrat drum.
Posted on 10/19/22 at 8:45 am to Hurricane Mike
quote:
Eventually there will be nothing left in the SPR
I look forward to filling it back up.
Posted on 10/19/22 at 8:46 am to frequent flyer
MF is going to completely deplete the reserve in his pathetic, desperate attempt to influence the midterms.
Posted on 10/19/22 at 8:52 am to frequent flyer
These motherfrickers only concerns are surviving the midterms and not letting Trump back into office. They don't give a shite about ANYTHING else. Their little fricking games are going to ruin people. I am very surprised that the pants shitter is still around.
This post was edited on 10/19/22 at 9:01 am
Posted on 10/19/22 at 8:56 am to frequent flyer
Democrat 101
Buy high
Sell low
Buy high
Sell low
Posted on 10/19/22 at 9:03 am to Darth_Vader
The desperation here is at critical levels. Supply is not there. Not even close. OPEC is leaning back in their chair and telling Biden "sorry, not sorry." They can't pull the reigns off the oil & gas producers because it will anger the overlords that really call the shots. This is the only answer, and it's such a terrible idea, and it will backfire spectacularly.
Posted on 10/19/22 at 12:49 pm to Cajunhawk81
Biden ran on the platform of reducing petroleum production because it supposedly encourages climate change according to his science.
Opec cuts back supply, which is what he wants, and Biden criticizes them…
Even Biden knows that in order to get off of our reliance of oil, prices of that oil and products made with it, will increase. This increase in price generally pushes people away from using it. Eventually, if prolonged, people will choose alternative sources for their energy- exactly what liberals want.
Yet,,, when prices jump as everyone knows they will do…. They blame everyone and then release strategic reserves to increase supply and bring prices down…. Thus… eliminating the desire to choose alternative sources of energy….
It makes no sense and it’s proof that this is all for political purposes
Opec cuts back supply, which is what he wants, and Biden criticizes them…
Even Biden knows that in order to get off of our reliance of oil, prices of that oil and products made with it, will increase. This increase in price generally pushes people away from using it. Eventually, if prolonged, people will choose alternative sources for their energy- exactly what liberals want.
Yet,,, when prices jump as everyone knows they will do…. They blame everyone and then release strategic reserves to increase supply and bring prices down…. Thus… eliminating the desire to choose alternative sources of energy….
It makes no sense and it’s proof that this is all for political purposes
Posted on 10/19/22 at 12:52 pm to Jcorye1
quote:
At this point, I think they are hoping some piece of shite terrible awful human being takes a shot at Biden.
Dr Jill gonna Kevorkian him, then run for POTUS in ‘24.
Posted on 10/19/22 at 1:00 pm to frequent flyer
Seeking to artificially lower price creates demand that authentically increases price.
I think POTUS should have at least college freshman level economics knowledge.
Can’t imagine hiring a pOTUS without the capabilities to be POTUS. Yet we vote them in all the time.
Absurd.
I think POTUS should have at least college freshman level economics knowledge.
Can’t imagine hiring a pOTUS without the capabilities to be POTUS. Yet we vote them in all the time.
Absurd.
Posted on 10/19/22 at 1:05 pm to frequent flyer
US Mid Terms
Tuesday, November 8, 2022
People can't be dumb enough to fall for this nonsense
Tuesday, November 8, 2022
People can't be dumb enough to fall for this nonsense
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