Biden to replenish 2.7 million barrels of oil out of the 180 million he released from the Strategic Oil Reserves at over $79/barrel.

[BluesLegend]

Don’t encourage him. He’s just trolling to see if any right wing nuts are stupid enough to agree. I bet nostra is a left wing plant purposely making you guys look like morons.

This and your previous posts have been categorized as Dem sheeple shill speak.

 

[Nostra]

Don’t encourage him. He’s just trolling to see if any right wing nuts are stupid enough to agree. I bet nostra is a left wing plant purposely making you guys look like morons.

Still can’t prove my numbers wrong, huh vermin?

Some day you will figure out cost is figured into the sales price to determine profit,

 

[citygator]

Still can’t prove my numbers wrong, huh vermin?

Some day you will figure out cost is figured into the sales price to determine profit,

Do you own a car?

 

[Dragonlady]

The idiot can't grasp that the govt had to borrow the cost of the first batch of oil. He thinks the entire $17 billion is 100% profit.

Nostradumbass can't grasp that the oil Biden is putting into the government reserves today is STILL THERE, and it's still worth $74 per barrel.

So yes the $17 billlion over and above what Biden originally paid for the oil, is pure profit. This only becomes a negative for the Biden administration if the oil he bought at $74 per barrel sells for LESS than what he paid for it.

Since OPEC oil is currently selling for $80+ per barrel, and Russian oil still under sanctions, I don't see that happening. OPEC is still trying to cut production to boost prices.

Check out OIL's stock price (@CL.1) in real time

Get WTI Crude (Apr'23) (@CL.1:New York Mercantile Exchange) real-time stock quotes, news, price and financial information from CNBC.

www.cnbc.com

Some OPEC+ members cut oil they send to the world as they try again to boost prices - BNN Bloomberg

The OPEC oil cartel led by Saudi Arabia and allied producers including Russia made another big swipe at propping up lagging crude prices Thursday, expanding some output cuts into next year and bringing up-and-coming oil supplier Brazil into the fold.

www.bnnbloomberg.ca

 

[Nostra]

Do you own a car?

DIVERSION ALERT!

 

[Dragonlady]

Don’t encourage him. He’s just trolling to see if any right wing nuts are stupid enough to agree. I bet nostra is a left wing plant purposely making you guys look like morons.

You're numbers were debunked the moment you posted them. Read the thread.

 

[Dragonlady]

DIVERSION ALERT!

So, no you don't. Have you ever owned a car?

 

[Nostra]

So yes the $17 billlion over and above what Biden originally paid for the oil, is pure profit.

There you have it folks, This moron admits it thinks cost doesn’t go into profits. The sell price was $17 billion, dumbass.

Whatever you sell something for is 100% profit, no matter what you had to pay for it. KKKanadian idiot.

 

[Nostra]

You're numbers were debunked the moment you posted them. Read the thread.

Yes, citygator numbers have been debunked from his first post.

First thing you ever got right on this board.

 

[Nostra]

So, no you don't. Have you ever owned a car?

 

[Dragonlady]

There you have it folks, This moron admits it thinks cost doesn’t go into profits. The sell price was $17 billion, dumbass.

Whatever you sell something for is 100% profit, no matter what you had to pay for it. KKKanadian idiot.

The troll is once again lying about what people are posting now that everything he's posted has been debunked.

I guess the WSJ reporters are morons too, DumbASS.

U.S. Scores $4 Billion Windfall on Oil-Reserve Sales

Washington emerges as an unlikely winner after releases from Strategic Petroleum Reserve.

www.wsj.com

It’s Time for Biden to Unleash His Mega Oil Trade

The President has promised to refill the Strategic Petroleum Reserve at around $70, putting a floor under the price. Buying now will give oil producers the confidence to drill.

www.bloomberg.com

U.S. Selling Oil from the Strategic Petroleum Reserve to the Highest Bidding Companies - FactCheck.org

Q: Is the Biden administration selling crude oil from the Strategic Petroleum Reserve to other countries? A: The oil is sold to eligible companies that make the highest offers. Some of the companies are U.S. subsidiaries of foreign companies, and some that purchased oil have then exported a...

www.factcheck.org

 

[Nostra]

The troll is once again lying about what people are posting now that everything he's posted has been debunked.

I guess the WSJ reporters are morons too, DumbASS.

U.S. Scores $4 Billion Windfall on Oil-Reserve Sales

Washington emerges as an unlikely winner after releases from Strategic Petroleum Reserve.

www.wsj.com

It’s Time for Biden to Unleash His Mega Oil Trade

The President has promised to refill the Strategic Petroleum Reserve at around $70, putting a floor under the price. Buying now will give oil producers the confidence to drill.

www.bloomberg.com

U.S. Selling Oil from the Strategic Petroleum Reserve to the Highest Bidding Companies - FactCheck.org

Q: Is the Biden administration selling crude oil from the Strategic Petroleum Reserve to other countries? A: The oil is sold to eligible companies that make the highest offers. Some of the companies are U.S. subsidiaries of foreign companies, and some that purchased oil have then exported a...

www.factcheck.org

Um, you went from $17 billion in profit down to the $4 billion we have been discussing the entire thread, KKKanadian vermin shit.

 

[Marchimedes]

Whatever you sell something for is 100% profit, no matter what you had to pay for it.

So if you buy yet another butt plug for $2 and sell it for $1 you've made a profit of $1?

 

[OKTexas]

You moron. He sold it for $95. Biden is on his way to making the US $5-$10B in profit and you start a thread like it’s a slam. Nostradumbass, you are worth a laugh a day.

Trump wanted to fill the reserves at $30 a barrel and the commiecrat congress blocked him. So you've got no room to talk.

.

 

[Crepitus]

No, you exposed the fact you think we got the first 180 million barrels via a unicorn fart.

$4 billion does not cover $ 14 billion in new expenses, moron.

Man, you really are stupid.

No, I didn't Son. That oil has been being added to over the last 50+ years. The purchase price is all over the damn place, but most all of it was bought at lower rates. Hell the biggest chunk was put up by Reagan in the 1980s. What was the PPB then?

The fact is that Joe Biden is replacing the oil at $4 billion dollars less than he sold it for, and the greatest chances are that he sold it for far less than it was originally purchased for.

As previously noted, "math".

 

[Crepitus]

Trump wanted to fill the reserves at $30 a barrel and the commiecrat congress blocked him. So you've got no room to talk.

.

tRump is the only republican president to see a decline in the SPR.

The only one.

 

[Lesh]

how much did the oil cost that was sold for 95?

It really doesn’t matter if it’s replaced at a cheaper price than it was sold for.

 

[Harpy Eagle]

It really doesn’t matter if it’s replaced at a cheaper price than it was sold for.

Really....

Lets do the math...

Lets say you bought 100 widgets for 30 bucks a piece which cost you $3000
Then you sold them for 95 bucks for a total of $9500, which means you made $6500 in profit.

Then you turned around and bought the same 100 widgets back for 75 bucks each, costing you $7500.

In the end you have the same amount of widgets but lost money in the process.

 

[Nostra]

No, I didn't Son. That oil has been being added to over the last 50+ years. The purchase price is all over the damn place, but most all of it was bought at lower rates. Hell the biggest chunk was put up by Reagan in the 1980s. What was the PPB then?

The fact is that Joe Biden is replacing the oil at $4 billion dollars less than he sold it for, and the greatest chances are that he sold it for far less than it was originally purchased for.

As previously noted, "math".

Only link provided has the oil purchased at $75, Vermin.

Next?

 

[Nostra]

It really doesn’t matter if it’s replaced at a cheaper price than it was sold for.

Citygator’s link says there was a $4 billion “profit”, and it is costing $14 billion to replace it.

$10 billion loss, Simp.