Biden's energy secretary laughs and cedes all control to OPEC when asked about oil prices

[marvin martian]

We all know Joe Biden is in bed with his middle eastern pals, but for his energy secretary to flat out laugh in the faces of people struggling to pay for gas right now is despicable. These people are garbage.

 

[night_son]

We all know Joe Biden is in bed with his middle eastern pals, but for his energy secretary to flat out laugh in the faces of people struggling to pay for gas right now is despicable. These people are garbage.

Yeah, real fucking hilarious. What happened to the whole "America is now energy independent" spiel? We need to frack down through electric avenue. Two words: flex fuel. Pretty soon I'm a gonna head out into the nearest local cornfield and start harvesting to make my own. If only it worked that way . . .

 

[Nostra]

Biden is good at one thing..................surrounding himself with complete buffoons.

 

[surada]

We all know Joe Biden is in bed with his middle eastern pals, but for his energy secretary to flat out laugh in the faces of people struggling to pay for gas right now is despicable. These people are garbage.

OPEC is always dollar or so less than US of Brent crude.. at least for the past 40 years.

 

[marvin martian]

Biden is good at one thing..................surrounding himself with complete buffoons.

What she just did is about the biggest public "fuck you" I've ever seen a public official give to the American people.

Biden and his regime are a disgrace.

 

[Moonglow]

We all know Joe Biden is in bed with his middle eastern pals, but for his energy secretary to flat out laugh in the faces of people struggling to pay for gas right now is despicable. These people are garbage.

What do you not understand about OPEC or an oil cartel, or the fact that oil is a global market. How is Biden or any president in control of oil production?

 

[surada]

What she just did is about the biggest public "fuck you" I've ever seen a public official give to the American people.

Biden and his regime are a disgrace.

Gasoline is still a bargain... The price at the pump hasn't kept up with housing, education, healthcare, groceries or the price of automobiles.

 

[Moonglow]

U.S. shale producers signal more oil coming, as OPEC counts on restraint​

U.S. shale producers signal more oil coming, as OPEC counts on restraint

U.S. shale producers' decision this year to resist pumping more oil even as prices surge could be nearing an end, according to company executives.

www.reuters.com

 

[surada]

What do you not understand about OPEC or an oil cartel, or the fact that oil is a global market. How is Biden or any president in control of oil production?

LOLOL.. It looks like they want socialism so they can have cheap gasoline.

 

[Moonglow]

You can pump out more oil than you need but that doesn't mean gasoline prices will drop.

 

[Moonglow]

LOLOL.. It looks like they want socialism so they can have cheap gasoline.

Evidently they already think the US oil industry is nationalized.

 

[Nostra]

You can pump out more oil than you need but that doesn't mean gasoline prices will drop.

Basic supply and demand principles are over the troll's head.

 

[Moonglow]

Energy

Oil retreats from multi-year highs after U.S. stock build​

Oil retreats from multi-year highs after U.S. stock build

Oil prices dropped nearly 2% on Wednesday, pulling back from multi-year highs, as an unexpected rise in U.S. crude inventories prompted buyers to take a breather after recent torrid gains.

www.reuters.com

 

[Moonglow]

Basic supply and demand principles are over the troll's head.

We can tell because you bring nothing to the table.

 

[Moonglow]

U.S. crude output to keep rising, but gasoline demand is past its peak -EIA​

U.S. crude output to keep rising, but gasoline demand is past its peak -EIA

U.S. crude oil production is expected to rebound to a new record in 2023 after being hit by the coronavirus pandemic, the Energy Information Administration said on Wednesday in its 2021 annual energy outlook.

www.reuters.com

 

[surada]

You can pump out more oil than you need but that doesn't mean gasoline prices will drop.

Storing oil above ground is very expensive.. and drives prices up.

 

[surada]

Basic supply and demand principles are over the troll's head.

Nostra, you're really ignorant about the oil business.

 

[Moonglow]

Storing oil above ground is very expensive.. and drives prices up.

I will get a larger royalty check with higher oil prices.

 

[surada]

Evidently they already think the US oil industry is nationalized.

Oil has less than an 8% profit.. and its been that way for decades. The US has the highest extraction costs in the world and NO efficiencies of scale.. I'm having a senior moment here.. The US oil industry has NO economies of scale and is NOT at all integrated vertically or horizontally.

 

[surada]

I will get a larger royalty check with higher oil prices.

Me too.........