Biden needs to use the "War Powers Act" to pump more oil before store shelves are empty

[Mac-7]

There may not be any other way to keep grocery store shelves from becoming empty than for Biden to use the "War Powers Act" to cut thru the "red tape" and regulations keeping a cap on oil wells. Trucks will be stopping soon if diesel fuel costs keep rising.

Do you support Biden using the War Powers Act to pump as much US oil as possible? (Poll)

How about using the War Powers Act to fire green wacko obstructionists in the federal government who are preventing oil drilling on federal land?

 

[kyzr]

It is bull. There are no shortages and there is plenty of oil but prices have went way up showing that the prices are based upon S&D is complete bull.

Don't make me call you a liar. Prove your statements or STFU. Here is the oil supply chart, we are below the normal range and headed lower. As the summer driving season starts the supply will only get lower, duh.

The beginning of the chart was coming off the peak supply point of January 2020, then when Xiden's "War on Energy" policies started kicking in 2021, the oil supply started dwindling. Which way is supply headed, duh?

 

[kyzr]

How about using the War Powers Act to fire green wacko obstructionists in the federal government who are preventing oil drilling on federal land?

We need to wait for 2024 for that to happen.

 

[pknopp]

How is the law of supply and demand, "bullshit"? For fuel it still plays a role, although not as much as it did before the Bush/Cheny oil summit in 2001, where oil was changed into a commodity price item much like corn and oats. Oil is now set much like a futures bet instead raw supply and demand like the auto industry. The price we pay now is a direct result of where the supply might be a year or two in the future. Thats why things such as pipelines, drilling permits and permit prices are so important, not for the oil they produce tomorrow morning, but for effect they will have on global supply in the future.

A barrel of oil got up near $150 in 2008. What was it a year or two in the future?

 

[Mac-7]

We need to wait for 2024 for that to happen.

Hopefully

but I wont count that till it really happens

 

[pknopp]

Don't make me call you a liar. Prove your statements or STFU. Here is the oil supply chart, we are below the normal range and headed lower. As the summer driving season starts the supply will only get lower, duh.

View attachment 614625

The beginning of the chart was coming off the peak supply point of January 2020, then when Xiden's "War on Energy" policies started kicking in 2021, the oil supply started dwindling. Which way is supply headed, duh?

Your chart shows it going down consistently under Trump. Biden did foolishly release reserves. That was quite stupid. Oil skyrocketed when the entire Ukraine mess started. There are no shortages.

 

[Wild Bill Kelsoe]

The irrational markets could lower the prices without glutting the market with oil. That actually increases costs as it's more expensive to store it above ground than below.

More available oil on the market doesn't increase the price at the pump.

 

[pknopp]

More available oil on the market doesn't increase the price at the pump.

If it exceeds demand it increases costs to producers.

 

[citygator]

Actually we want big government to take their feet of the oil industry's neck so we can get back to "capitalism".

My point of contention is that Xiden's "War on Energy" has consequences. Keeping oil in the ground by regulations or law suits reduces supply. Lower supply and increasing demand means that prices skyrocket. Sooner or later those rising prices become unaffordable, that's when things get real ugly.

You out guys are nuts. Rhetoric has no impact on oil production. Just cause Biden goes on tv and suggests we move Towards renuabke energy that’s does squat. No policy changes. Only 8% of oil production happens on federal land. Same as it was under Trump. Trump pimped no oil. You are such a fooled rube.

 

[kyzr]

Your chart shows it going down consistently under Trump. Biden did foolishly release reserves. That was quite stupid. Oil skyrocketed when the entire Ukraine mess started. There are no shortages.

OK, you're too stupid to post with. You obviously don't know how to read a graph, duh.
You say stupid shit with no proof, you just say stupid "talking points", DUH.
The shit will hit the fan soon.

 

[pknopp]

OK, you're too stupid to post with. You obviously don't know how to read a graph, duh.
You say stupid shit with no proof, you just say stupid "talking points", DUH.
The shit will hit the fan soon.

Trump wasn't president in Jan 2020 when stock started to drop? Why did he do that?

 

[Moonglow]

More available oil on the market doesn't increase the price at the pump.

You don't pump oil into a gas tank.

 

[kyzr]

You out guys are nuts. Rhetoric has no impact on oil production. Just cause Biden goes on tv and suggests we move towards renewable energy that’s does squat. No policy changes. Only 8% of oil production happens on federal land. Same as it was under Trump. Trump pimped no oil. You are such a fooled rube.

Trump had the maximum oil output.
Trump had gas at $2.30/gal.
Xiden declared war on energy, his EOs reduced oil output, prices have been climbing ever since his moronic "green policies" happened.
Your bullshit talking points won't matter when the shit hits the fan and fuel becomes unaffordable because Xiden and the democrats are low IQ morons.

 

[kyzr]

Trump wasn't president in Jan 2020 when stock started to drop? Why did he do that?

DUH. What shithole country are you from? DO NOT SAY THE USA.

 

[ThisIsMe]

I don't know if the trucks will stop as much as everything will get more expensive.

Retailers, in order to get goods, will have to pay a higher shipping rate. and they will pass the cost on to the consumer.

 

[pknopp]

DUH. What shithole country are you from? DO NOT SAY THE USA.

So you can't answer? I didn't figure.

 

[2aguy]

There may not be any other way to keep grocery store shelves from becoming empty than for Biden to use the "War Powers Act" to cut thru the "red tape" and regulations keeping a cap on oil wells. Trucks will be stopping soon if diesel fuel costs keep rising.

Do you support Biden using the War Powers Act to pump as much US oil as possible? (Poll)

The people who control biden want gas prices even higher.....they think the world is over populated and that people are destroying the planet....they do not want cheap, plentiful, efficient energy, that just leads to more people, bigger families...in their minds......so high gas prices are exactly what they want....they would like to not take the hit in the elections...but they are more than willing to pay that price...

 

[Wild Bill Kelsoe]

You don't pump oil into a gas tank.

But, you do use oil to make gasoline and diesel fuel. The cheaper the oil, the cheaper the gas and diesel.

 

[citygator]

Trump had the maximum oil output.
Trump had gas at $2.30/gal.
Xiden declared war on energy, his EOs reduced oil output, prices have been climbing ever since his moronic "green policies" happened.
Your bullshit talking points won't matter when the shit hits the fan and fuel becomes unaffordable because Xiden and the democrats are low IQ morons.


View attachment 614663

When Trump left oil production was DOWN. Businesses were SHUT DOWN. When gas was $2 unemployment was 14.7%. Great job Trump!!!!

 

[kyzr]

So you can't answer? I didn't figure.

What shithole country are you from?
Trump was president.
Demand dropped due to covid, duh.