Biden to release 50 million barrels of oil

and before that you all believed the lies told by the Orange one and we ended up with President Adultery...and you somehow think you are better than them! :laughing0301: :laughing0301: :auiqs.jpg: :auiqs.jpg:
Yet more proof this putz is nothing but a water carrier for Leftards. Yes we and all conservatives are better than you. And infinitely smarter.
 
Nobody that is a partisan sheep like you is smarter nor better than me.

You have sold your soul to a party and get nothing in return for it
Congratulations lying leftard. You just ASSumed and made yourself a joke again. Any conservative here is smarter and better than a lefturd like you. Your pathetic projection just shows your weakness little boy
 
Congratulations lying leftard. You just ASSumed and made yourself a joke again. Any conservative here is smarter and better than a lefturd like you. Your pathetic projection just shows your weakness little boy
Gator is not a "leftard". Far from it

Never Trumper?

Yea...but that's it
 
FAKE NEWS, you are as clueless as Joe. :rolleyes:
Do you know the productional costs?
Oil companies receives several billion dollars each year in subsidies, enough for all of the major companies to completele cover the cost of production. They CHOOSE to use that money for executive bonus and stock buybacks.

And even without those subsidies, the top companies make multi-billion dolllar profits each year, and have more than enough revenue to cover production. They are CHOOSING to not produce. This is how the fossile fuel industry has always worked. They produce more than they need to meet their contracts, and when they have enough excess product, they cease production and start selling the excess at half the rate to create an artificial shortage
 
Oil companies receives several billion dollars each year in subsidies, enough for all of the major companies to completele cover the cost of production. They CHOOSE to use that money for executive bonus and stock buybacks.

And even without those subsidies, the top companies make multi-billion dolllar profits each year, and have more than enough revenue to cover production. They are CHOOSING to not produce. This is how the fossile fuel industry has always worked. They produce more than they need to meet their contracts, and when they have enough excess product, they cease production and start selling the excess at half the rate to create an artificial shortage
haha, you know shxt about oil companies and take for granted all that you learn from ECON 100. I have never seen an oil company not rush to bump out oil and to drill new wells when prices are high, and I have never seen an oil company not stop bump-out oil when prices are low. You mix up OPEC with ExxonMobil, BP, shell ..... :rolleyes:
 
It's almost Winter and people aren't driving as much. Imagine being a President who's failed so badly, that he has to do this right now.

Thank God President Trump filled those reserves while the price was cheap.

"WASHINGTON – President Joe Biden is releasing 50 million barrels of oil from the nation's emergency stockpile to lower energy costs amid a recent spike in gas prices and soaring inflation, the White House announced Tuesday.

Thirty-two million barrels will be released from the Strategic Petroleum Reserve over the next several months and will be replaced in the years ahead. Another 18 million barrels that Congress already had authorized for sale will be released in the coming months."

US to release 50M barrels from strategic oil reserve amid soaring gas prices
What should of been in a real infrastructure bill is deregulation and tax breaks for refineries ,production,and money for pipelines and power plants
 

Oil Company Earnings: Reality Over Rhetoric

At the gas tank integrated oil companies make about 7 cents per gallon. Meanwhile, the government extracts more than 48 cents, on average, per gallon. That's right: Uncle Sam takes nearly seven times more out of drivers' wallets via taxation than "Big Oil."
Nature Is a Crime Against Humanity. The Warmalarmies Ride Shotgun to Abet It.

That's a guilt-tax demanded by vindictive eco-fascists to punish those who don't believe in their primitive superstitions about auto emissions.
 
I heard the oil shortage story when USSR was kicking ass around the world. it was OPEC. The fact is that we will never have an oil shortage, maybe higher production costs.
Those Sitting Pretty Want Natural Resources to Be No More Than a Pretty Sight

John D. Rockefeller heard the Peak Oil pipsqueaks in the 1880s. They told him to get out of the oil business because it wouldn't last much longer. The fault back then was the backward geophysics the self-appointed experts had; today the mobility-haters feel threatened by the thriving economy petroleum has given us.
 
Those Sitting Pretty Want Natural Resources to Be No More Than a Pretty Sight

John D. Rockefeller heard the Peak Oil pipsqueaks in the 1880s. They told him to get out of the oil business because it wouldn't last much longer. The fault back then was the backward geophysics the self-appointed experts had; today the mobility-haters feel threatened by the thriving economy petroleum has given us.
haha, I don't know OPEC was around 1880s. The fact is that you are unable to realize energy (oil and LNG) suppliers are divided into two distinct "roles". OPEC can controller the price, and the rest are followers. OPEC can not set the price too high because OPEC does not want too many suppliers in the market. The rest cannot control the price is because of productional costs (I remember it was around a 1: 5~8 ratio, hey JDR is not wrong). Now, the current WH energy policy makes most oil companies into the wait-and-see mode, instead of rushing in to produce more oil when the price is high. That is why you see Biden asks OPEC for more oil production. We all know the answer.
 
It's almost Winter and people aren't driving as much. Imagine being a President who's failed so badly, that he has to do this right now.

Thank God President Trump filled those reserves while the price was cheap.

"WASHINGTON – President Joe Biden is releasing 50 million barrels of oil from the nation's emergency stockpile to lower energy costs amid a recent spike in gas prices and soaring inflation, the White House announced Tuesday.

Thirty-two million barrels will be released from the Strategic Petroleum Reserve over the next several months and will be replaced in the years ahead. Another 18 million barrels that Congress already had authorized for sale will be released in the coming months."

US to release 50M barrels from strategic oil reserve amid soaring gas prices
The way the fuck has been giving it to China I didn't think we had any left. If someone killed biden would he only be charged with half the crime being his brain is already dead?
 

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