Oil back above $103 - Biden a major failure.

[DarthTrader]

Releasing Strategic Petroleum Reserves push the price up for 2 reasons.

1. It creates expected future demand since the SPR is a set value that needs to be refilled. Oil markets are futures driven.
2. It reduces safety net in case of disasters, raising risk premiums.

Either Democrats are too stupid to know this....or they intended that to happen. Knowing all their insider trading they probably are long Oil stocks.

 

[StashMan]

Tapping into our oil reserves is ignorant when we are this close to a possible WWIII and might need it to fight such a war. Blaming Putin for our oil prices is just another excuse from a party who never takes responsibility for anything they screw up.

 

[DarthTrader]

Tapping into our oil reserves is ignorant when we are this close to a possible WWIII and might need it to fight such a war. Blaming Putin for our oil prices is just another excuse from a party who never takes responsibility for anything they screw up.

Totally agree, I wonder if that's Putin's plan all along. We say he's a miserable failure, but for a failure, Putin has divided the Alliance, drained NATO's munitions reserves, and strategic petroleum reserves.

At this rate what can we do if he invades Poland?

 

[Devils_Advocate]

The intention is clear if you read and heard his opinion or plan for the future of the U.S. …

 

[Mr Natural]

Tapping into our oil reserves is ignorant when we are this close to a possible WWIII and might need it to fight such a war. Blaming Putin for our oil prices is just another excuse from a party who never takes responsibility for anything they screw up.

If we’re that close to WWIII, does it really matter?

Once the nukes start flying the whole thing will be over very quickly.

 

[DarthTrader]

If we’re that close to WWIII, does it really matter?

Once the nukes start flying the whole thing will be over very quickly.

You need a viable conventional deterrent to de-escalate from nuclear brinksmanship. Grow up.

 

[StashMan]

If we’re that close to WWIII, does it really matter?

Once the nukes start flying the whole thing will be over very quickly.

WW3 won't start with a nuclear strike because that's self annihilation for everyone.

 

[Mr Natural]

WW3 won't start with a nuclear strike because that's self annihilation for everyone.

Might not start with one but it’s in the cards.

Especially with a sociopath like Putin.

 

[1srelluc]

The intention is clear if you read and heard his opinion or plan for the future of the U.S. …

Yep, Tater and his string-pullers want oil to be over $100 a barrel. They want you to get used to $4.00+ gas. They want to push the dimwitted into EVs. They want you to get used to less choices at the stores.

I mean they pretty much laid it all out and even stole a election to get it.

All the while the movers and shakers of the dem party and their tech oligarch supporters are making bank on your misery, jetting around the globe, buying multi-million dollar homes along the coast, and sipping champagne at DC dinner parties on your dime.

Hell we pay around 94K average for each of the White House chef staff (5 chefs) to fix Tater's pudding for him....Tater does pay for the pudding.

 

[TheGreatSatan]

Democrats want and support high fuel prices as part of their putin funded war on American energy.

If a Democrat tells you they want lower gas prices tell that lying pos to kill itself.

 

[The Original Tree]

Tapping into our oil reserves is ignorant when we are this close to a possible WWIII and might need it to fight such a war. Blaming Putin for our oil prices is just another excuse from a party who never takes responsibility for anything they screw up.

The point of everything Biden does is to destroy America. He is just the punching bag they throw in front of the cameras so they can do Evil behind the scenes and call it incompetence or blame it on Putin.

 

[StashMan]

The point of everything Biden does is to destroy America. He is just the punching bag they throw in front of the cameras so they can do Evil behind the scenes and call it incompetence or blame it on Putin.

Makes you wonder who is the unelected person/persons that are really running the show. Obama? Soros? Whoever it is they are both Globalist/Marxist.

 

[TheGreatSatan]

Makes you wonder who is the unelected person/persons that are really running the show. Obama? Soros? Whoever it is they are both Globalist/Marxist.

Don't leave out putin. Democrats do his bidding. They slow walk aid to Ukraine and deny Ukraine aid putin doesn't want them to have.

Joe was going to leave Ukraine out to dry unless they fired the prosecutor investigating his son, who got 3 mill from russia.

 

[The Original Tree]

Makes you wonder who is the unelected person/persons that are really running the show. Obama? Soros? Whoever it is they are both Globalist/Marxist.

It is Obama who is a Globalist\Marxist. He is the first President in American History never to leave DC after his term. This was a tradition and courtesy by former presidents to show they weren't a threat to an incoming administration. There is no real reason for the Obamas to have stayed in DC other than to undermine the former president and pull the strings on wooden headed puppet Biden.