OPEC might have to Flood the market with Oil because Biden has American Oil Booming at Record Production

[justoffal]

Joe Biden has US production booming at record levels, more than Trump, more than any president ever !
Joe Biden's booming Oil Production and his timely and skillful SPR releases, and his increase in non-OPEC supply has oil prices plummeting to the low $70/barrel !

US production is so strong and that is set to continue ! Non-OPEC production is also set to increase !
OPEC and corrupt Saudi Arabia (who gave Kushner a $2B bribe) has cut back production so substantially to try and prop up the price of oil because US production is so booming.

In 2014, under Obama's booming oil production, OPEC and the Saudis flooded the market to try and wash out booming US production, and oil dropped to under $40. OPEC might have to do that again because of Joe Biden's booming US oil Production.

Funny how US oil production surged and boomed under both Obama and now Biden... Biden has set the US record for oil production !!

I hope it happens.

 

[The Banker]

Too little too late to compete with China who will surpass the US in every economic category by 2035.

Inches away from being $34 trillion in debt
oh yeah....with 15 million new mouths to feed.

what?

2035??
huh?

China's economy is struggling an din recession and Biden has crushed China and has the US economy booming like Bill CLinton did. how come the best presidents are dems

 

[justoffal]

what?

2035??
huh?

China's economy is struggling an din recession and Biden has crushed China and has the US economy booming like Bill CLinton did. how come the best presidents are dems

China has to worry about the great awakening. Up till this decade they have had the populous squarely under their thumb. The recent crackdown on video games and the subsequent massive backlash has caught the CCP totally by surprise. The jig may well be up for them.

 

[Lesh]

But it was Biden that allowed that war to begin. And, it was Biden who allowed Russia to sell oil to Germany and open the pipeline that Trump had stopped.

“Allows that war to begin…”

That’s about as stupid a statement as you can make.

There is one reason that war started and one reason only

Putin

 

[Cougarbear]

Because that is not remotely true at all.
The covid shut down jobs came back long ago and Biden has increased the number of jobs substantially compared to pre-covid. You are just too stupid to realize that

View attachment 879213

Dumbest graph ever! 4

“Allows that war to begin…”

That’s about as stupid a statement as you can make.

There is one reason that war started and one reason only

Putin

Yep! Biden allowed it to happen just like his boss, Obama. In Biden's case, his weakness was allowing the pipeline to flow to Germany and Europe giving him the funds to fight this war and kill hundreds of thousands of people already. Blood is on the hands of Biden and all those who voted for the idiot Commie. Putin was controlled by Trump because he would not allow the money to flow to Putin. It's Biden's fault. Just like it was Obama's fault when Putin attacked Ukraine the first time. Biden's a woosie.

 

[the other mike]

what?

2035??
huh?

China's economy is struggling an din recession and Biden has crushed China and has the US economy booming like Bill CLinton did. how come the best presidents are dems

China is poised to make our failure their opportunity.

It's not something you're going to read about

 

[Synthaholic]

So cheap oil is a good thing now?

Oh, you hate cheap oil now that it's a Democrat delivering it?

Why did he run on the promise on bankrupting oil companies?

Just to fuck with wingnut heads. It's called "owning the cons".

What happened to pushing EVs?

Our GREAT president can do both!

Glad to see you idiots admit oil and gas are good. Funny how all you did was make excuses when it was $5 for so long.

You're a Goddamned fool.

Left to 'the market', only high gas/energy prices will direct more capital to Green/alternative energy. But high gas prices are politically dangerous. Which is why President Joseph Biden (God's choice) is using government to advance Green energy instead of waiting for private industry, which only follows the market.

 

[Synthaholic]

Oh so Putin controls our oil prices?

I forgot!


Thanks Putin for lowering our gas prices!

You're a fucking moron.

Russia sells a lot of the world's oil. When he invaded Ukraine, he was isolated and couldn't sell his oil. Therefore, there was a worldwide shortage of oil, causing prices to spike.

You are a fucking moron.

 

[Synthaholic]

90% of it was from the bottom of the shutdowns.

Bullshit.

 

[theHawk]

You're a fucking moron.

Russia sells a lot of the world's oil. When he invaded Ukraine, he was isolated and couldn't sell his oil. Therefore, there was a worldwide shortage of oil, causing prices to spike.

You are a fucking moron.

Wrong again, Synthia.

Russia still sold oil to Europe and later made deals with China and India. They’ve been selling oil just fine.

Sanctions on Russian oil have failed. Were they ever meant to succeed?

Western sanctions imposed a year ago have hardly dented Russia’s ability to wage war.

www.aljazeera.com

Also, they only produce 10% of the world’s oil, the US makes 21%.

 

[FranklinRoosevelt_FTW]

What does this all mean for the stock price of Exxon mobile in the next year or two?

 

[FranklinRoosevelt_FTW]

Because that is not remotely true at all.
The covid shut down jobs came back long ago and Biden has increased the number of jobs substantially compared to pre-covid. You are just too stupid to realize that

View attachment 879213

Biden is giving us one of the worst economies in American history. Up there with Hoover and Jimmy Carter. Under Biden we got record homelessness in this country.

U.S. Homeless Count Surges 12% to Highest-Recorded Level

Several factors contributed, including rising housing costs, limited affordable-housing units, the opioid epidemic and expired pandemic aid that had helped keep people in their homes.

www.wsj.com

Covid did not shut down jobs. Humans at the elite and wealthy level chose to destroy the economy and make a bunch of people homeless. During the lockdowns, there was a wealth transfer of trillions from the middle-class to the most wealthy in the world. One of the ugliest times in American history.


It was a fake virus. It was the common cold. Most people who died brother died from the vaccine. Those are simply the facts reported on the PBD podcast podcast

 

[Cougarbear]

Bullshit.

That’s you all right. 11 million plus jobs lost from the Biden prolonged unnecessary shutdowns of his own making. He did nothing to bring them back. He wanted the shutdowns to continue and did effect the teacher’s unions to stay shutdown destroying millions of children. It was the Trump right that rejected this and red states that did shut down opened back up followed by reluctant blue states. By normal nutrition jobs came back. Unfortunately, many came back as part-time and like under Obama after 2008, more workers had to find 2nd jobs to make ends meet. So, many jobs above the 11 million are part-time jobs, not full time you idiot! Damn democrats ruining our economy! Jacked up inflation and interest rates destroying hope and opportunity and all you people can do is lie.

 

[Toro]

But it was Biden that allowed that war to begin. And, it was Biden who allowed Russia to sell oil to Germany and open the pipeline that Trump had stopped.

Trump didn't stop Russia from selling gas or oil to Germany.

In fact, Trump couldn't even get Germany to stop building Nordstream 2 let alone stopping Germany from buying energy from Russia.

 

[Toro]

That’s you all right. 11 million plus jobs lost from the Biden prolonged unnecessary shutdowns of his own making. He did nothing to bring them back. He wanted the shutdowns to continue and did effect the teacher’s unions to stay shutdown destroying millions of children. It was the Trump right that rejected this and red states that did shut down opened back up followed by reluctant blue states. By normal nutrition jobs came back. Unfortunately, many came back as part-time and like under Obama after 2008, more workers had to find 2nd jobs to make ends meet. So, many jobs above the 11 million are part-time jobs, not full time you idiot! Damn democrats ruining our economy! Jacked up inflation and interest rates destroying hope and opportunity and all you people can do is lie.

Full-time jobs are at an all-time high.

Trump didn't have any better record at job creation than Obama. Notwithstanding 2020, the rate of full-time job creation during Obama's last three years was just the same as it was under Trump's first three years.

Employed, Usually Work Full Time

Graph and download economic data for Employed, Usually Work Full Time (LNS12500000) from Jan 1968 to Mar 2024 about full-time, 16 years +, household survey, employment, and USA.

fred.stlouisfed.org

 

[Toro]

BTW OPEC won't flood the market with oil. It's not the early 2010s. Shale production has probably peaked, and the US can no longer flood the country with oil like we could a decade ago.

 

[initforme]

america first would really mean the additional oil stays here. But the same hypocrites who chant america first are OK with letting big oil slimeballs send it away. Hypocrites of the anti america kind.

 

[frigidweirdo]

Joe Biden has US production booming at record levels, more than Trump, more than any president ever !
Joe Biden's booming Oil Production and his timely and skillful SPR releases, and his increase in non-OPEC supply has oil prices plummeting to the low $70/barrel !

US production is so strong and that is set to continue ! Non-OPEC production is also set to increase !
OPEC and corrupt Saudi Arabia (who gave Kushner a $2B bribe) has cut back production so substantially to try and prop up the price of oil because US production is so booming.

In 2014, under Obama's booming oil production, OPEC and the Saudis flooded the market to try and wash out booming US production, and oil dropped to under $40. OPEC might have to do that again because of Joe Biden's booming US oil Production.

Funny how US oil production surged and boomed under both Obama and now Biden... Biden has set the US record for oil production !!

They won't flood the market because then they'll earn even less.

 

[John Edgar Slow Horses]

So cheap oil is a good thing now? Why did he run on the promise on bankrupting oil companies?

What happened to pushing EVs?

Glad to see you idiots admit oil and gas are good. Funny how all you did was make excuses when it was $5 for so long.

Cheap oil is good, theHawk. You can't have it both ways.

 

[surada]

Joe Biden has US production booming at record levels, more than Trump, more than any president ever !
Joe Biden's booming Oil Production and his timely and skillful SPR releases, and his increase in non-OPEC supply has oil prices plummeting to the low $70/barrel !

US production is so strong and that is set to continue ! Non-OPEC production is also set to increase !
OPEC and corrupt Saudi Arabia (who gave Kushner a $2B bribe) has cut back production so substantially to try and prop up the price of oil because US production is so booming.

In 2014, under Obama's booming oil production, OPEC and the Saudis flooded the market to try and wash out booming US production, and oil dropped to under $40. OPEC might have to do that again because of Joe Biden's booming US oil Production.

Funny how US oil production surged and boomed under both Obama and now Biden... Biden has set the US record for oil production !!

The glut of 2014 wasn't about the US. It was about undermining Russia.