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/——-/ So why didn’t the oil guys do that when Trump was president? We were energy independent with Trump, now Joe is draining the SOR and begging our enemies for oil. Nice job, Libtard.So we produce about 11.6 million BPD but we're using about 8.8 million BPD.
Why are you pissed at Biden and not the oil industry which is exporting oil at record levels?
Then buy a well and get pumping.Shoulda drilled, eh? It's not rocket science
Must keep the midterms in their favor... more important it seemsHe's putting our country in serious jeopardy doing this. This is a desperation move and pretty soon it will be an empty hole in the ground that could have had 714 million barrels of oil set aside for emergencies such as natural or war.
We have a combo of all the worst parts of Carter & Usurper Obama with Usurper Biden in the oval office illegally. The chart proves it.
Biden to release 10M more barrels from Strategic Petroleum Reserve in November in wake of OPEC+ cuts
President Biden said he will release 10 million barrels from the Strategic Petroleum Reserve in November to counter the OPEC+ oil cuts.www.foxbusiness.com
www.reuters.com
/-----/ You're too young to remember what happened during the oil glut. The world was swimming in oil and the price was in negative numbers. They had to pay people to take oil because al the storage places were overflowing. Trump got countries to cut production to stabilize the price and save US oil workers' jobs.Biden will release Oil to help against OPEC+ oil cut...
Trump was the one that started all of this OPEC cuts before he left...
Special Report: Trump told Saudi: Cut oil supply or lose U.S. military support - sources
By Timothy Gardner, Steve Holland, Dmitry Zhdannikov and Rania El Gamal
Biden has been trying to repair the damage
View attachment 706328
Why did Trump do it? Because US Oil Companies were loosing money and he wanted higher price Oil... Well Trump got what he wanted but as usual Trump never thought of the consequences of there actions..
fossilfuel.com
| 2019 | 11,869 | 11,673 | 11,913 | 12,149 | 12,154 | 12,218 | 11,902 | 12,486 | 12,590 | 12,809 | 13,000 | 12,978 |
| 2020 | 12,852 | 12,842 | 12,797 | 11,914 |
Trump was president for four years, not three.
"But the president's elected for four years. We're not elected for three years. I'm not elected for three years." ... "I'm not elected for three years, I'm elected for four years." ~ Donald Trump
It is simply amazing how incredibly ignorant you Dimwingers are an all topics. Especially since you post as if you are informed.Please actually back that up with evidence...
What you are saying is utter bullshit...
thepoliticalinsider.com
Explain why your Vegetable Messiah is draining the SOR if we have enough oil.So we produce about 11.6 million BPD but we're using about 8.8 million BPD.
Why are you pissed at Biden and not the oil industry which is exporting oil at record levels?
We wouldn't need it if Biden would lift his restrictions on drilling.Let's see...
MAGA logic says that we should have a Strategic Oil Reserve, but when we need it, we shouldn't use it...
Hey Stupid, your 8.8 million figure is for gasoline only. Are you really so uninformed you think that is the only use for oil?So we produce about 11.6 million BPD but we're using about 8.8 million BPD.
Why are you pissed at Biden and not the oil industry which is exporting oil at record levels?
| Product | Annual consumption (million barrels per day) |
|---|---|
| Finished motor gasoline1 | 8.795 |
| Distillate fuel oil (diesel fuel and heating oil)1 | 3.943 |
| Hydrocarbon gas liquids (HGLs) | 3.410 |
| Kerosene-type jet fuel | 1.371 |
| Still gas | 0.642 |
| Asphalt and road oil | 0.370 |
| Residual fuel oil | 0.313 |
| Petrochemical feedstocks | 0.289 |
| Petroleum coke | 0.269 |
| Lubricants | 0.104 |
| Other petroleum products2 | 0.211 |
| Special napthas | 0.042 |
| Aviation gasoline | 0.012 |
| Waxes | 0.006 |
| Kerosene | 0.005 |
| Total petroleum products | 19.728 |
I'm enjoying Biden/Dem $5.89 gas right now in my Dem blue state.Strange how his plan ends right after the election.
Then, people will get to enjoy $6 gas again.
Doesn't matter the more oil in the market will bring the price down.Utter nonsense. The vast majority of oil transported through the Keystone XL pipeline was slated to be exported.
Even worse for you, construction on that pipeline was halted while Trump was president.
Don't install a senile puppet president that believes in fairy tales and half baked unsubstantiated religious theories like Global Warming.So what should he do?
Per energy.gov:It's called the 'Strategic Oil Reserve', not the 'Emergency Oil Reserve'.
You don't get to decide when it gets used. President Biden does.
Please explain to the readers who halted construction on the pipeline.
So it was held up in court by left wing loons.April 15, 2020, the District Court held that the NWP 12 issued to TC Energy's Keystone XL oil pipeline violated the Endangered Species Act (ESA) (16 U.S.C. §§ 1531-1544) and vacated the permit pending completion of a consultation process (see Legal Update, District Court of Montana Vacates Army Corps Nationwide Permit 12 for Keystone XL Pipeline).
May 11, 2020, the District Court amended its ruling and allowed the Corps to use the NWP 12 to facilitate the environmental review and permitting of non-oil and gas pipeline projects. The Corps remained enjoined from authorizing dredge or fill activities under NWP 12 for the construction of oil and gas pipelines, including the Keystone XL pipeline and several natural gas pipeline projects (see Legal Update, District Court of Montana Amends Order Vacating the Army Corps Nationwide Permit 12 for the Keystone XL Pipeline But New Oil and Gas Pipeline Projects Still Potentially Delayed).
May 14, 2020, the US Court of Appeals for the Ninth Circuit (Ninth Circuit) issued an order denying a request from the Trump Administration to stay the District Court decision (see Legal Update, Ninth Circuit Denies Stay of Ruling Vacating the Nationwide Permit 12 for the Keystone XL Pipeline Project).
May 28, 2020, the Appeals Court issued an order rejecting another request to stay the District Court decision.
July 6, 2020, Supreme Court Upholds Ruling Blocking Permit for Keystone XL but Allows Nationwide Permit 12 to be Used for Other Oil & Gas Projects
Practical Implications
The decision was welcome news to oil and gas project developers that rely on the NWP 12 permit to facilitate the environmental review of their projects. It is a blow to the Keystone XL pipeline project which needs the permit to continue building the pipeline.
