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And those moves by Trump to save the profits of our oil companies is why we have more demand than supply today.
You all want to put 100% of the blame on Biden even though oil production in the US is up since he took office.
I swear all he does is knee jerk. There is no crisis, he is being dumb trying to look smart. Didn’t he notice prices starting to come down a bit?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
You aren't making any sense. If the oil companies didn't go out of business under Trump and the demand is high today, why aren't they producing more oil today? Two possible reasons:
1. Biden's environmental policies
2. Oil companies are giving Biden a hearty "Fuck you" by cutting production.
Either way is fine with me, as long as that asshole in gone after 2024.
The oil companies were never in risk of going out of business in 2020, your hyperbole does not help your case.
And you missed the most obvious answer to why they are not producing even more oil...PROFIT. The oil companies are making money hand over fist with the higher prices and they have no added expenses of actually pumping more oil.
Are you really so naive as to think they want the price of oil to be lower?
www.reuters.com
I knew that fucker was going to do that...............All that oil for a real emergency and that GDF bastard does it cuz he sucks donkey dickEverything that is happening now was predicted before the election. I hope the morons that voted this idiot in choke on the inflation and go under, they have earned it.-OG
Now, Biden and his team need a lesson in economics. If you try to use the SPR as a weapon it will backfire because it will only serve to artificially lower prices, thereby increasing demand making supplies tighter in the long run.
Number two, it will discourage production in the new oil fields and thereby creating an even larger shortage down the road. It will also give OPEC more power because the left amount of oil in the global strategic petroleum reserve will be less.
https://www.foxbusiness.com/markets/...ices-inflation
$4.70 per gallon price of gasoline in California has nothing to do with oil companies seeking higher profits. Not when it's $2 cheaper in other states.
For them it is not about the price of gas, it is about the price of oil. What incentive do they have to pump out more oil when that will just lower the price per barrel?
Funny how the price of gas higher is 100% Biden's fault in your eyes, even though varies from state to state. You are not a very consistent person
View attachment 567542
LOLOL....................Everything is the pandemic....................LOLOL............................It is your vote you stupid idiot. It is fun at least seeing you libturds fork over all that dough for your trouble.......lolololMaybe under normal circumstances.... if the shortage didn't come from mostly the pandemic shut downs....where it is simply time that is needed to get all the oil companies pumping at normal levels again...
We need the relief, until then.
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
www.reuters.com
Everything that is happening now was predicted before the election. I hope the morons that voted this idiot in choke on the inflation and go under, they have earned it.-OG
Now, Biden and his team need a lesson in economics. If you try to use the SPR as a weapon it will backfire because it will only serve to artificially lower prices, thereby increasing demand making supplies tighter in the long run.
Number two, it will discourage production in the new oil fields and thereby creating an even larger shortage down the road. It will also give OPEC more power because the left amount of oil in the global strategic petroleum reserve will be less.
https://www.foxbusiness.com/markets/...ices-inflation
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
You just are a basket full of hatred.... miserable inside..... Only you, can release those demons, and cast them out of you!!!LOLOL....................Everything is the pandemic....................LOLOL............................It is your vote you stupid idiot. It is fun at least seeing you libturds fork over all that dough for your trouble.......lololol
