OPEC might have to Flood the market with Oil because Biden has American Oil Booming at Record Production

[The Banker]

Joe Biden has US production booming at record levels, more than Trump, more than any president ever !
Joe Biden's booming Oil Production and his timely and skillful SPR releases, and his increase in non-OPEC supply has oil prices plummeting to the low $70/barrel !

US production is so strong and that is set to continue ! Non-OPEC production is also set to increase !
OPEC and corrupt Saudi Arabia (who gave Kushner a $2B bribe) has cut back production so substantially to try and prop up the price of oil because US production is so booming.

In 2014, under Obama's booming oil production, OPEC and the Saudis flooded the market to try and wash out booming US production, and oil dropped to under $40. OPEC might have to do that again because of Joe Biden's booming US oil Production.

Funny how US oil production surged and boomed under both Obama and now Biden... Biden has set the US record for oil production !!

 

[The Banker]

On top of that Biden has renewable energy production booming and the transition away from fossil fuels is going great now that Biden has the best energy policy in US history.

 

[Cougarbear]

On top of that Biden has renewable energy production booming and the transition away from fossil fuels is going great now that Biden has the best energy policy in US history.

Have you bothered to look at your own gas, oil, food and electricity bills lately? What a booming energy program! HAHAHA!!!
Such utter nonsense. If we were doing so well, all our prices would have gone back to pre-Biden. But, it has not.

What was the lowest price of oil during the pandemic?
WTI crude oil prices dropped to $46.78 per barrel in March 2020, and fell to a historic low $-36.98 per barrel in April of the same year.

That's right! Negative 36.98 per barrel! OPEC didn't matter because we were oil self-sufficient.

New YorkCNN Business —
US oil prices plunged another 8% Friday, finishing at a fresh 18-year low of $18.27 a barrel. At one point, crude dropped to $17.33 a barrel – the weakest price since November 2001.

https://www.cnn.com/2020/04/17/business/oil-prices-crash-opec-trump/index.html

 

[John Edgar Slow Horses]

OPEC can't afford to flood America with oil.

 

[The Banker]

Have you bothered to look at your own gas, oil, food and electricity bills lately? What a booming energy program! HAHAHA!!!
Such utter nonsense. If we were doing so well, all our prices would have gone back to pre-Biden. But, it has not.

What was the lowest price of oil during the pandemic?
WTI crude oil prices dropped to $46.78 per barrel in March 2020, and fell to a historic low $-36.98 per barrel in April of the same year.

That's right! Negative 36.98 per barrel! OPEC didn't matter because we were oil self-sufficient.

New YorkCNN Business —
US oil prices plunged another 8% Friday, finishing at a fresh 18-year low of $18.27 a barrel. At one point, crude dropped to $17.33 a barrel – the weakest price since November 2001.

https://www.cnn.com/2020/04/17/business/oil-prices-crash-opec-trump/index.html

what are you stupid or something??
You are trying to compare oil price to thise during a global shut down?

Republicans are dumb AF.

 

[Rigby5]

On top of that Biden has renewable energy production booming and the transition away from fossil fuels is going great now that Biden has the best energy policy in US history.

Wrong.
High oil production just means that instead of running out in 50 years, we run out in 20 years.
Places like Saudi Arab have over 70 times more oil than we have.

Biden has no "renewable energy production", since solar and wind are too unreliable, require huge batteries, are too expensive, and take up too much landscape.

Unless he promotes something like nuclear or hydrogen, it is a total washout.
Electric cars, furnaces, water heaters, etc., are the least efficient and most polluting.

And we need to conserve oil for fertilizer production.

 

[Cougarbear]

what are you stupid or something??
You are trying to compare oil price to thise during a global shut down?

Republicans are dumb AF.

There was barely a global shutdown going on. Had just begun and the falling prices were already down.

 

[theHawk]

Joe Biden has US production booming at record levels, more than Trump, more than any president ever !
Joe Biden's booming Oil Production and his timely and skillful SPR releases, and his increase in non-OPEC supply has oil prices plummeting to the low $70/barrel !

US production is so strong and that is set to continue ! Non-OPEC production is also set to increase !
OPEC and corrupt Saudi Arabia (who gave Kushner a $2B bribe) has cut back production so substantially to try and prop up the price of oil because US production is so booming.

In 2014, under Obama's booming oil production, OPEC and the Saudis flooded the market to try and wash out booming US production, and oil dropped to under $40. OPEC might have to do that again because of Joe Biden's booming US oil Production.

Funny how US oil production surged and boomed under both Obama and now Biden... Biden has set the US record for oil production !!

So cheap oil is a good thing now? Why did he run on the promise on bankrupting oil companies?

What happened to pushing EVs?

Glad to see you idiots admit oil and gas are good. Funny how all you did was make excuses when it was $5 for so long.

 

[The Banker]

So cheap oil is a good thing now? Why did he run on the promise on bankrupting oil companies?

What happened to pushing EVs?

Glad to see you idiots admit oil and gas are good. Funny how all you did was make excuses when it was $5 for so long.

it was only $5 because Trump's best buddy putin started a major war and disrupted world energy markets, but I would not expect you to be smart enough to realize that.

 

[theHawk]

it was only $5 because Trump's best buddy putin started a major war and disrupted world energy markets, but I would not expect you to be smart enough to realize that.

Oh so Putin controls our oil prices?

I forgot!


Thanks Putin for lowering our gas prices!

 

[Cougarbear]

what are you stupid or something??
You are trying to compare oil price to thise during a global shut down?

Republicans are dumb AF.

But you will claim victory for the huge increase in jobs but not say 90% of it was from the bottom of the shutdowns. See the hypocrisy?

 

[The Banker]

Oh so Putin controls our oil prices?

I forgot!


Thanks Putin for lowering our gas prices!

huh?
Its laughable how stupid you people are. Russia is a big oil producer and they were hit with sanctions and the global oil market was completely and totally disrupted. Obviously you are too dumb to realize that and realize what that means.

 

[Cougarbear]

huh?
Its laughable how stupid you people are. Russia is a big oil producer and they were hit with sanctions and the global oil market was completely and totally disrupted. Obviously you are too dumb to realize that and realize what that means.

Why again were they hit with sanctions and not allowed to sell to Europe through that pipeline that Biden opened back up? Yep, dumbass!

 

[The Banker]

But you will claim victory for the huge increase in jobs but not say 90% of it was from the bottom of the shutdowns. See the hypocrisy?

Because that is not remotely true at all.
The covid shut down jobs came back long ago and Biden has increased the number of jobs substantially compared to pre-covid. You are just too stupid to realize that

 

[Cougarbear]

it was only $5 because Trump's best buddy putin started a major war and disrupted world energy markets, but I would not expect you to be smart enough to realize that.

But it was Biden that allowed that war to begin. And, it was Biden who allowed Russia to sell oil to Germany and open the pipeline that Trump had stopped.

 

[The Banker]

Biden has the US pumping record oil more than trump and republicans hate it !!!

 

[theHawk]

huh?
Its laughable how stupid you people are. Russia is a big oil producer and they were hit with sanctions and the global oil market was completely and totally disrupted. Obviously you are too dumb to realize that and realize what that means.

So Biden dropped the sanctions?

Try again, shekel boi.

 

[The Banker]

So Biden dropped the sanctions?

Try again, shekel boi.

huh??

what are you even babbling about. Oil surged because of Trump's best bud Putin's war. Oil plummeted because of Biden's timely SPR releases and because Biden ramped US production to record levels, more than Trump.

 

[Hang on Sloopy]

So Biden dropped the sanctions?

Try again, shekel boi.

this one is something else...lol

 

[the other mike]

On top of that Biden has renewable energy production booming and the transition away from fossil fuels is going great now that Biden has the best energy policy in US history.

Too little too late to compete with China who will surpass the US in every economic category by 2035.

Inches away from being $34 trillion in debt
oh yeah....with 15 million new mouths to feed.