Biden blames gas prices on Putin... so how much oil does Russia provide??? FACTS folks!

[CrusaderFrank]

7%. That's it. Tied with Saudi Arabia.
Yet Biden blames high gas prices on Russia.
7% of all imported oil... Russia.
So how much oil is used by USA per day?
In 2021, the United States consumed an average of about 19.78 million barrels of petroleum per day, or a total of about 7.22 billion barrels of petroleum.

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

Of which..7,860,000 barrels or 39% of the 19.78 million barrels from imports AND of the oil imported...
less than 3% from Russia.
Hmmm... so what was the cost of a gallon of gas under Trump? lowest price was $1.938 ... 04/1/20.
Today: gallon of gas $4.08 or 110% more than under Trump.
And Biden blames Russia???

Biden Blames Putin for Gasoline Prices,​

Biden Blames Putin for Gasoline Prices, Touts Higher-Ethanol Plan

President Joe Biden blamed a four-decade inflation high-water mark on Russian President Vladimir Putin’s invasion of Ukraine as he touted his administration’s as-yet unsuccessful efforts to lower gasoline prices.

www.bloomberg.com

View attachment 629713

Biden is a national embarrassment. He cheated his way into the office. It wasn't him or Obama either, the action was beyond either of them or both combined. A consortium of groups from social media, Globalists, bankers used the dnc like their Flying monkeys to orchestrate the Theft. It's like an Ocean's 11 movie, even better because they corrupted CISA and Bill Barr

 

[mudwhistle]

Breaking news:

Biden shits himself.

 

[Roudy]

Biden has made our allies respect us again. For example, when he personally called many of the Arab oil producing countries like Saudi Arabia and Quatar’s leaders to get on his knees to beg them to produce more oil, they didn’t even bother taking his call.

 

[CowboyTed]

Biden is a national embarrassment. He cheated his way into the office. It wasn't him or Obama either, the action was beyond either of them or both combined. A consortium of groups from social media, Globalists, bankers used the dnc like their Flying monkeys to orchestrate the Theft. It's like an Ocean's 11 movie, even better because they corrupted CISA and Bill Barr

Go on Frank, tell us about the big bad Joe...

Frank we get it, you voted for the other guy and you are hurt he lost....

 

[CowboyTed]

Biden has made our allies respect us again. For example, when he personally called many of the Arab oil producing countries like Saudi Arabia and Quatar’s leaders to get on his knees to beg them to produce more oil, they didn’t even bother taking his call.

Biden is Europe has huge amount of respect...

In Europe there is general amazement how Biden got EU to take a leadership role in the Ukraine Conflict....

OPEC was always going to tell US President to go to fuck.... This is an Oil Cartel...

Trump pissed the only bit of leverage down the drain when he gave them as much arms as they wanted... They killed a US resident and he looked the other way... Trump was pants down and took a bigger spanking from the arabs than he got from Stormy..

 

[healthmyths]

So you do not think removing 7% of the world's supply of oil will impact the prices?

Really?

If 7% of all housing was suddenly gone, would that impact the price for a house?

If 7% of all new cars were suddenly gone, would that impact the price for cars?

If you lost 7% of your income, would you notice?

You as usual didn't read closely.
oil from Russia amounts 3% of USA total oil used in USA...not 7%
Of which..7,860,000 barrels or 39% of the 19.78 million barrels from imports AND of the oil imported...
less than 3% from Russia.

 

[Harpy Eagle]

You as usual didn't read closely.
oil from Russia amounts 3% of USA total oil used in USA...not 7%
Of which..7,860,000 barrels or 39% of the 19.78 million barrels from imports AND of the oil imported...
less than 3% from Russia.

Oil is a global commodity, the price is not set by the US. that we only get 3% from Russia is irrelevant...what matters is what it does to the global price

 

[healthmyths]

Even when Dubya was president they had 4000 leases on Federal land.

Again... FACTS..
Note Obama had just 1 year where there were more leases sign than previous month out of 8 years.
Note True was increasing leases until 2020 when Covid occurred.

 

[healthmyths]

OPEC said it is impossible to replace Russia's crude oil.

Well 3% of USA oil per day CAN be replaced which is what the Russian oil importation of the 19 million barrels used by USA per day.
In 2021, the United States consumed an average of about 19.78 million barrels of petroleum per day, or a total of about 7.22 billion barrels of petroleum.

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

Of which..7,860,000 barrels or 39% of the 19.78 million barrels from imports AND of the oil imported...
less than 3% from Russia.

 

[healthmyths]

Guess what Skippy

The US does not own the gas that is pumped here
If the price of gas is higher overseas, it gets shipped to the highest bidder

You make NO sense! According to you NONE of the gas pumped in your car is owned by American companies?
Plus are you really that dumb?

 

[healthmyths]

It hardly matters to the price of oil. They do exactly the same thing as OPEC, balancing supply to just barely meet demand to keep the price of oil at a profitable level. It's capitalism at it's worst.

It does matter! Moony FALSE statement that Russia is a OPEC member is read by other uninformed people and adds to the ignorance of people. It is wrong.

 

[hadit]

Crude oil prices are determined by global supply and demand. Economic growth is one of the biggest factors affecting petroleum product—and therefore crude oil—demand. Growing economies increase demand for energy in general and especially for transporting goods and materials from producers to consumers.Feb 25, 2022

That's simplistic and not comprehensive. The open market is also driven by speculators who drive prices based on market forecasts, and war makes them nervous. Therefore, any potential disruption in supply, ie, Russia invading Ukraine, is amplified in the market by speculators causing the high prices they expect. A massive economic slowdown such as caused by a pandemic is amplified in the market as speculators anticipate lowered usage.

 

[healthmyths]

Let's have another deep, dark world-wide recession. That's the cure for high gas prices. A republican president might be able to swing that one at least.

You as many people evidently think the market/economy/capitalism is like a faucet that someone turns on or off.
You believe the minute a political party assume control, the economy flips. It takes time.
Biden's ban on oil exploration on federal lands happened the 7th day in office.
Now the price management of gas stations/gas distributors/oil refineries don't happen overnight. The people that charge Americans for gas KNEW Biden was against fossil fuel before elected...Biden told us!
So gas prices were anticipated long before the election and very definitely LONG before Russian oil was banned!

 

[rightwinger]

You make NO sense! According to you NONE of the gas pumped in your car is owned by American companies?
Plus are you really that dumb?

Now you are starting to get it.
The people or Government doesn’t own that oil, the oil companies do.

They are loyal to their stockholders not the American public

They will sell to the highest bidder, wherever they are

 

[CowboyTed]

You as usual didn't read closely.
oil from Russia amounts 3% of USA total oil used in USA...not 7%
Of which..7,860,000 barrels or 39% of the 19.78 million barrels from imports AND of the oil imported...
less than 3% from Russia.

Provides about 30% of EU Oil...

Where do you think EU gets the shortfall from if it doesn't come from Russia?

Has the penny dropped yet?

 

[healthmyths]

Now you are starting to get it.
The people or Government doesn’t own that oil, the oil companies do.

They are loyal to their stockholders not the American public

They will sell to the highest bidder, wherever they are

And YOU still don't comprehend long term pricing practices.
The cost of oil was GOING to increase even without Biden doing anything because Biden told us while running for office these exact words...02/08/2020...

Joe Biden: “We Are Going To Get Rid of Fossil Fuels”​

Biden’s hostility to energy industry workers is nothing new, either. In December he suggested if coal miners lose their job due to his policies they should learn to code.

Biden has also said “we should put them in jail” when talking about fossil fuel executives.

Joe Biden: "We Are Going To Get Rid of Fossil Fuels" - Americans for Tax Reform

Joe Biden said during a rally this week that he wants to “get rid of fossil fuels.” Biden said: “We are going to get rid of fossil fuels.” Referring to protestors who interrupted the event, Biden said: “That’s okay, these guys are okay, they want to do the same thing that I want to do, […]

www.atr.org

So given that warning and then just 7 days into office, Biden banned oil exploration on land that produces
24% of the nation's oil and gas.

If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new energy online.

Just look at what happened Wednesday in the wake of the United Arab Emirates and Iraq saying they’d up production by an estimated 800,000 barrels a day: The global price of oil dropped by $22 a barrel within minutes.

Why Biden energy policies have contributed to surging oil prices

If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new …

nypost.com

 

[rightwinger]

And YOU still don't comprehend long term pricing practices.
The cost of oil was GOING to increase even without Biden doing anything because Biden told us while running for office these exact words...02/08/2020...

Joe Biden: “We Are Going To Get Rid of Fossil Fuels”​

Biden’s hostility to energy industry workers is nothing new, either. In December he suggested if coal miners lose their job due to his policies they should learn to code.

Biden has also said “we should put them in jail” when talking about fossil fuel executives.

Joe Biden: "We Are Going To Get Rid of Fossil Fuels" - Americans for Tax Reform

Joe Biden said during a rally this week that he wants to “get rid of fossil fuels.” Biden said: “We are going to get rid of fossil fuels.” Referring to protestors who interrupted the event, Biden said: “That’s okay, these guys are okay, they want to do the same thing that I want to do, […]

www.atr.org

So given that warning and then just 7 days into office, Biden banned oil exploration on land that produces
24% of the nation's oil and gas.

If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new energy online.

Just look at what happened Wednesday in the wake of the United Arab Emirates and Iraq saying they’d up production by an estimated 800,000 barrels a day: The global price of oil dropped by $22 a barrel within minutes.

Why Biden energy policies have contributed to surging oil prices

If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new …

nypost.com

Come on Man!
You are not that clueless

The conversion away from fossil fuels will take place over decades and has NOTHING to do with todays oil prices

Oil prices are driven by the international marketplace, Biden can do little to change them

 

[CrusaderFrank]

Biden is Europe has huge amount of respect...

In Europe there is general amazement how Biden got EU to take a leadership role in the Ukraine Conflict....

OPEC was always going to tell US President to go to fuck.... This is an Oil Cartel...

Trump pissed the only bit of leverage down the drain when he gave them as much arms as they wanted... They killed a US resident and he looked the other way... Trump was pants down and took a bigger spanking from the arabs than he got from Stormy..

After the Unconditional Surrender of Afghanistan, France and England don't even talk to Joe

 

[surada]

You make NO sense! According to you NONE of the gas pumped in your car is owned by American companies?
Plus are you really that dumb?

Opec is always a dollar cheaper than US oil.

 

[surada]

And YOU still don't comprehend long term pricing practices.
The cost of oil was GOING to increase even without Biden doing anything because Biden told us while running for office these exact words...02/08/2020...

Joe Biden: “We Are Going To Get Rid of Fossil Fuels”​

Biden’s hostility to energy industry workers is nothing new, either. In December he suggested if coal miners lose their job due to his policies they should learn to code.

Biden has also said “we should put them in jail” when talking about fossil fuel executives.

Joe Biden: "We Are Going To Get Rid of Fossil Fuels" - Americans for Tax Reform

Joe Biden said during a rally this week that he wants to “get rid of fossil fuels.” Biden said: “We are going to get rid of fossil fuels.” Referring to protestors who interrupted the event, Biden said: “That’s okay, these guys are okay, they want to do the same thing that I want to do, […]

www.atr.org

So given that warning and then just 7 days into office, Biden banned oil exploration on land that produces
24% of the nation's oil and gas.

If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new energy online.

Just look at what happened Wednesday in the wake of the United Arab Emirates and Iraq saying they’d up production by an estimated 800,000 barrels a day: The global price of oil dropped by $22 a barrel within minutes.

Why Biden energy policies have contributed to surging oil prices

If President Joe Biden came out forcefully on the side of increasing US oil production, the price of a barrel could fall quickly, experts told The Post — even if it takes a while to bring that new …

nypost.com

It may be 50 years or more before we are off fossil fuels.