How Joe Biden 'broke OPEC' and rewrote the rules for oil trading

[Synthaholic]

This is really fantastic. I would urge everyone to watch this short discussion with Dan Dicker, long-time energy markets reporter.

A bunch of MAGA were bitching a few weeks ago about how President Biden is using the Strategic Petroleum Reserve. Well, it's WAY better than you think! He is manipulating the market to get lower prices at the gas pump. And he has made $6Billion for the U.S. Treasury by buying at $60 and selling at $100. Brilliant!

Yes, you have to click a link that takes you to msnbc.com. IT PLAYS RIGHT HERE IN THE THREAD.
Yes, the show is Chris Hayes. I know you think he looks like a schoolboy. Watch it anyway.

How Joe Biden 'broke OPEC' and rewrote the rules for oil trading​

 

[Crepitus]

This is really fantastic. I would urge everyone to watch this short discussion with Dan Dicker, long-time energy markets reporter.

A bunch of MAGA were bitching a few weeks ago about how President Biden is using the Strategic Petroleum Reserve. Well, it's WAY better than you think! He is manipulating the market to get lower prices at the gas pump. And he has made $6Billion for the U.S. Treasury by buying at $60 and selling at $100. Brilliant!

Yes, you have to click a link that takes you to msnbc.com. IT PLAYS RIGHT HERE IN THE THREAD.
Yes, the show is Chris Hayes. I know you think he looks like a schoolboy. Watch it anyway.

How Joe Biden 'broke OPEC' and rewrote the rules for oil trading​

Damn, that's brilliant.

 

[yidnar]

This is really fantastic. I would urge everyone to watch this short discussion with Dan Dicker, long-time energy markets reporter.

A bunch of MAGA were bitching a few weeks ago about how President Biden is using the Strategic Petroleum Reserve. Well, it's WAY better than you think! He is manipulating the market to get lower prices at the gas pump. And he has made $6Billion for the U.S. Treasury by buying at $60 and selling at $100. Brilliant!

Yes, you have to click a link that takes you to msnbc.com. IT PLAYS RIGHT HERE IN THE THREAD.
Yes, the show is Chris Hayes. I know you think he looks like a schoolboy. Watch it anyway.

How Joe Biden 'broke OPEC' and rewrote the rules for oil trading​

the average price for a gallon of gas is 3.50 and climbing ..

AAA Fuel Prices

 

[Moonglow]

$2.79 in Bentonville Arkansas

the average price for a gallon of gas is 3.50 and climbing ..

AAA Fuel Prices

 

[Crepitus]

the average price for a gallon of gas is 3.50 and climbing ..

AAA Fuel Prices

Lol, falling

 

[Synthaholic]

It's amazing how the rightwing avoids threads like this. It's like they just want it to go away, just disappear off of the Active Threads as soon as possible so that Biden's success is quickly dispached.

It shows a fundamental difference between the sides. Liberals don't avoid threads from rightwingers touting their side's accomplishments.

 

[BackAgain]

Syndi thinks OPEC is broken.

 

[CrusaderFrank]

This is really fantastic. I would urge everyone to watch this short discussion with Dan Dicker, long-time energy markets reporter.

A bunch of MAGA were bitching a few weeks ago about how President Biden is using the Strategic Petroleum Reserve. Well, it's WAY better than you think! He is manipulating the market to get lower prices at the gas pump. And he has made $6Billion for the U.S. Treasury by buying at $60 and selling at $100. Brilliant!

Yes, you have to click a link that takes you to msnbc.com. IT PLAYS RIGHT HERE IN THE THREAD.
Yes, the show is Chris Hayes. I know you think he looks like a schoolboy. Watch it anyway.

How Joe Biden 'broke OPEC' and rewrote the rules for oil trading​

Why does anyone believe this nonsense?

200MM barrels is 2 days supply in the world market!

I regret watching this, I knew it would be dumb, I’m just amazed at the Biden Cultists

If Biden is such an amazing commodity trader why does he only make money by selling access??

 

[C_Clayton_Jones]

It's amazing how the rightwing avoids threads like this. It's like they just want it to go away, just disappear off of the Active Threads as soon as possible so that Biden's success is quickly dispached.

It shows a fundamental difference between the sides. Liberals don't avoid threads from rightwingers touting their side's accomplishments.

And if conservatives do respond it’s with childish deflections and lies.

 

[elektra]

This is really fantastic. I would urge everyone to watch this short discussion with Dan Dicker, long-time energy markets reporter.

A bunch of MAGA were bitching a few weeks ago about how President Biden is using the Strategic Petroleum Reserve. Well, it's WAY better than you think! He is manipulating the market to get lower prices at the gas pump. And he has made $6Billion for the treasury

Yes, fantastic, Biden put OPEC in it's place. Now the will no longer use the Dollar. Fair trade, we made $6 billion. And, uh, will lose trillions over the years.

MAWA, not MAGA

Make America Worst Again

 

[Harpy Eagle]

the average price for a gallon of gas is 3.50 and climbing ..

AAA Fuel Prices

weird ...gas never goes up in the summer months!

 

[elektra]

weird ...gas never goes up in the summer months!

True, the democrat summer rsgulations kick in so the price goes up

 

[yidnar]

weird ...gas never goes up in the summer months!

rarely gets as high as it is now unless a dem is in the WH .

 

[CrusaderFrank]

Yes, fantastic, Biden put OPEC in it's place. Now the will no longer use the Dollar. Fair trade, we made $6 billion. And, uh, will lose trillions over the years.

MAWA, not MAGA

Make America Worst Again

The Lord is giving the Satanic Reptilians currently occupying the WH and Congress almost infinite chances to reform and repent.

It appears they will not be able to atone, they continue to use their blessings for evil

 

[Missourian]

weird ...gas never goes up in the summer months!

 

[Harpy Eagle]

View attachment 964279

Weird how you think that speaking the truth is a political thing.

 

[skews13]

Syndi thinks OPEC is broken.

It is...

The US did a masterclass in leverage reduction.

The US produces more oil than any nation now.

Meaning OPEC+ doesn't have leverage anymore. If OPEC+ cuts production, it helps US oil. If they pump up production, the price of oil goes down and helps the West and limits their profit.

On top of that, there are price controls on Russian oil which limits profits, until they stop being imperialists. OPEC+ and ringleader Russia are in a pickle.

They are boxed in, hedged.

BRICS+ME’s attempt to use oil at least as an energy economic attack vector is neutralized. If Russia undercuts they lose more, if they increase prices there is a cap sanction. Again, boxed in, hedged, leveraged.

There is no direction they can move/manipulate oil markets that won't harm them more than the US.

OPEC countries have almost no effect on US oil now, even on imports. We barely buy from Saudi, none from Russia, and OPEC very little. It is mostly North America and non-OPEC.

OPEC only controls 38% of the market now and going down. North America and Europe actually produce as much as the entire Middle East.

You can go back to sucking muslim dick now.

 

[Moonglow]

Weird how you think that speaking the truth is a political thing.

The truth to a MAGAT is like sunlight to a vampire.

 

[skews13]

The truth to a MAGAT is like sunlight to a vampire.

It's like a bugs bunny-daffy duck argument. They will take the shoot themself in the face side, just to be on the opposite side.

 

[BackAgain]

It is...

The US did a masterclass in leverage reduction.

The US produces more oil than any nation now.

Meaning OPEC+ doesn't have leverage anymore. If OPEC+ cuts production, it helps US oil. If they pump up production, the price of oil goes down and helps the West and limits their profit.

On top of that, there are price controls on Russian oil which limits profits, until they stop being imperialists. OPEC+ and ringleader Russia are in a pickle.

They are boxed in, hedged.

BRICS+ME’s attempt to use oil at least as an energy economic attack vector is neutralized. If Russia undercuts they lose more, if they increase prices there is a cap sanction. Again, boxed in, hedged, leveraged.

There is no direction they can move/manipulate oil markets that won't harm them more than the US.

OPEC countries have almost no effect on US oil now, even on imports. We barely buy from Saudi, none from Russia, and OPEC very little. It is mostly North America and non-OPEC.

OPEC only controls 38% of the market now and going down. North America and Europe actually produce as much as the entire Middle East.

You can go back to sucking muslim dick now.

Long winded ^ way of being wrong.