Oil Price Plunging. Thanks Biden!

[westwall]

View attachment 597926


This thread is aging well.

Yeah g5000 claims to an independent yet here he is shilling for xiden. His lies didn't age well either.

 

[surada]

Net imports have been negative quite recently, shit for brains.

They were down in 2020 because of covid. We still import between 7 and 9 million bpd.

 

[Lastamender]

WTI crude futures erased early gains to fall towards $66 a barrel on Friday, after rising as much as 2% to above $68 tracking a sentiment of risk-off that took hold in markets. Early, a more bullish oil market was sustained by OPEC+ remarks, saying that are ready to quickly adjust output plans if demand suffered from measures to contain the Omicron variant. In the previous session, OPEC+ surprised markets when it stuck to plans to add 400,000 bpd supply in January, seen by analysts as a move meant to appease Washington. US deputy energy secretary David Turk previously said President Biden’s administration could adjust the timing of its planned release of strategic crude oil stockpiles if global energy prices drop substantially. Meanwhile, the producers have since calmed markets, saying they would meet again before their next scheduled meeting on Jan. 4, if needed, to review supply additions in light of virus-related developments. WTI crude is on track for its sixth weekly decline.​

Crude Oil - Price - Chart - Historical Data - News

Crude Oil increased 15.13 USD/BBL or 21.11% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on April of 2024.

tradingeconomics.com

Oil settles down $10/bbl in largest daily drop since April 2020


Go Joe Brandon!

It would be cheaper if we were still energy independent. Period.

 

[Jim H - VA USA]

They were down in 2020 because of covid. We still import between 7 and 9 million bpd.

Net imports were negative in December 2019 before COVID, because of Trump's great policies to put Americans first and make our country energy independent again....

Weekly U.S. Net Imports of Crude Oil and Petroleum Products (Thousand Barrels per Day)

Quit repeating falsehoods.

 

[surada]

Net imports were negative in December 2019 before COVID, because of Trump's great policies to put Americans first and make our country energy independent again....

View attachment 597969

Weekly U.S. Net Imports of Crude Oil and Petroleum Products (Thousand Barrels per Day)

Quit repeating falsehoods.

Link is dead.

 

[Concerned American]

Yeah g5000 claims to an independent yet here he is shilling for xiden. His lies didn't age well either.

GiGi does the same as well as White6

 

[Concerned American]

Net imports were negative in December 2019 before COVID, because of Trump's great policies to put Americans first and make our country energy independent again....

View attachment 597969

Weekly U.S. Net Imports of Crude Oil and Petroleum Products (Thousand Barrels per Day)

Quit repeating falsehoods.

Make sure that moron Surada sees this

 

[Concerned American]

Link is dead.

Worked for me you lying fuck.

 

[surada]

Check the facts.

Make sure that moron Surada sees this

 

[westwall]

Check the facts.

We do, somehow they elude you.

 

[Papageorgio]

All I know is that oil prices are up when they normally drop. That is not a good sign, with inflation still increasing.

 

[g5000]

All I know is that oil prices are up when they normally drop. That is not a good sign, with inflation still increasing.

Perhaps you may have heard of the Ukraine crisis. That is what is currently driving up oil prices.

2/3 of Russia's income is from gas and oil.

 

[bripat9643]

Perhaps you may have heard of the Ukraine crisis. That is what is currently driving up oil prices.

2/3 of Russia's income is from gas and oil.

Wrong. Biden is driving up oil prices. It's deliberate policy.

 

[Harpy Eagle]

It would be cheaper if we were still energy independent. Period.

What do you mean still? When have we never imported any oil?

 

[bripat9643]

What do you mean still? When have we never imported any oil?

Probably up until the 1960s we exported oil.

 

[Harpy Eagle]

Probably up until the 1960s we exported oil.

still do. We do both because oil is sold in a global market and not all oil is created equally.

 

[elektra]

What do you mean still? When have we never imported any oil?

It means we were drilling enough oil for our own needs.

 

[Jim H - VA USA]

Perhaps you may have heard of the Ukraine crisis. That is what is currently driving up oil prices.

2/3 of Russia's income is from gas and oil.

Oh, is that what it is? $1.40/gallon in January 2021, and $2.60 per gallon just one year later. Hmmmmm.

https://www.eia.gov/petroleum/supply/weekly/pdf/figure7_8.pdf

Russia produces about 11% of world petroleum and other liquids supply.

International - U.S. Energy Information Administration (EIA)

www.eia.gov

 

[CrusaderFrank]

Perhaps you may have heard of the Ukraine crisis. That is what is currently driving up oil prices.

2/3 of Russia's income is from gas and oil.

10% for the Big Guy!

 

[Harpy Eagle]

It means we were drilling enough oil for our own needs.

Who is "we"? The US does not drill, the US has no oil outside of the SOR.

ExxonMobil has oil, Chevron and ConocoPhillips and Marathon and more. They have all have oil. They all take that oil and sell it on the same marketplace as oil produced everywhere else