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Forum » Biden Admin cucks US and world on oil
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Thread: Biden Admin cucks US and world on oil

post 1680096253 04-03-2023, 09:43 AM
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Biden Admin cucks US and world on oil

https://www.reuters.com/business/ene...ts-2023-04-02/

1. OPEC+ is cutting by 1.16 million barrels per day after Russia independently announced cutting 500,000 bpd in early March, and after they all cut their production by 2 million bpd back in October.

2. Saudis led the cuts because they're were pissed after US Energy Secretary Granholm (who knows absolutely nothing about energy) last week very publicly specified the US govt wouldn't be buying oil to fill the half depleted Strategic Petroleum Reserve. Immediate backfire. Oops.

3. Japan is buying Russian oil above the discounted price cap ($60/barrel) on Russian oil set by the US sanctions.

4. Western nations have still been buying lots of Russian oil. Some directly, a lot through intermediaries like India at a higher price than $60/barrel. Also lots of vessel to vessel transfers in international waters, away from scrutiny, allowing Russian oil to still be used, by less efficient travel than pipelines.


Well done dementia boy and deep state. Everyone is worse off for your decisions.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1680096383 04-03-2023, 09:46 AM
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If only the Republicans didn't vote for an indicted criminal, we wouldn't have this "perceived" problem.
post 1680096403 04-03-2023, 09:46 AM
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Solar + electric car crew checking in. LMFAO!
post 1680096443 04-03-2023, 09:47 AM
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Post deleted by user
post 1680096823 04-03-2023, 09:55 AM
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Originally Posted By frankdtank20⏩
https://www.reuters.com/business/ene...ts-2023-04-02/

1. OPEC+ is cutting by 1.16 million barrels per day after Russia independently announced cutting 500,000 bpd in early March, and after they all cut their production by 2 million bpd back in October.

2. Saudis led the cuts because they're were pissed after US Energy Secretary Granholm (who knows absolutely nothing about energy) last week very publicly specified the US govt wouldn't be buying oil to fill the half depleted Strategic Petroleum Reserve. Immediate backfire. Oops.

3. Japan is buying Russian oil above the discounted price cap ($60/barrel) on Russian oil set by the US sanctions.

4. Western nations have still been buying lots of Russian oil. Some directly, a lot through intermediaries like India at a higher price than $60/barrel. Also lots of vessel to vessel transfers in international waters, away from scrutiny, allowing Russian oil to still be used, by less efficient travel than pipelines.


Well done dementia boy and deep state. Everyone is worse off for your decisions.
Points #2 thorugh #4 are not in the article?

This article indicates that the Energy Secretary said America would buy oil to fill the Strategy Reserve later this year:https://www.reuters.com/markets/comm...ar-2023-03-29/
post 1680096873 04-03-2023, 09:57 AM
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Originally Posted By DanteEdmond⏩
Points #2 thorugh #4 are not in the article?

This article indicates that the Energy Secretary said America would buy oil to fill the Strategy Reserve later this year:https://www.reuters.com/markets/comm...ar-2023-03-29/
It's the Misc. Russian propagandists.
post 1680096973 04-03-2023, 09:58 AM
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You mean $500 heating bills aren't normal?

Who knew!
Motorcycle crew
Army veteran crew
One Meal a day crew
post 1680097053 04-03-2023, 10:00 AM
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And didn't Biden just drain our strategic reserves?
▪█─────█▪ Equipment Crew #53 ▪█─────█▪
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------------- No Vax Crew ----------------
post 1680097173 04-03-2023, 10:03 AM
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Originally Posted By PresidentPoopin⏩
basement dweller and vegan cyclist crew checking in LMFAO!
Cool story
Scubastevo :-What percentage of women have STDs? (serious) If I just wanted to go bareback with any girl that I could get with, what are my chances of ending up bed ridden with STDs?
post 1680097183 04-03-2023, 10:03 AM
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Originally Posted By DanteEdmond⏩
Points #2 thorugh #4 are not in the article?

This article indicates that the Energy Secretary said America would buy oil to fill the Strategy Reserve later this year:https://www.reuters.com/markets/comm...ar-2023-03-29/
Fact check/attention to detail, well done
There is an unspoken thing, we are iron brothers and sisters, we are to support each other and...It is our duty to support our brothers and sisters in the iron game!
post 1680097283 04-03-2023, 10:05 AM
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The world set a record in coal usage last year. Over 8 billion tons. That was unsurprising after Germany, the manufacturing powerhouse of Europe was forced to burn A LOT more coal after the US moves did actually cut off a lot of Russian natural gas.

-But you should eat zee bugs, Dutch farmers should be punished for being so productive....cuz, like climate change and stuff. It's all the same control-hungry people causing these same problems. Pure hypocrisy. Whatever convinces people to give them more power is the priority.

"It's a big club, and you ain't in it."
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1680097763 04-03-2023, 10:15 AM
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Originally Posted By DanteEdmond⏩
Points #2 thorugh #4 are not in the article?

This article indicates that the Energy Secretary said America would buy oil to fill the Strategy Reserve later this year:https://www.reuters.com/markets/comm...ar-2023-03-29/
The article I linked is just an intro.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1680097863 04-03-2023, 10:17 AM
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Imagine going from being a net exporter and energy independence to this lol.
-always pick 4 crew
-mod negged crew
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post 1680098183 04-03-2023, 10:21 AM
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Originally Posted By ymer⏩
All according to the plan.

But people still think he's just incompetent.
This. It’s all done by design. He hasn’t even replenished our oil reserves.
Originally Posted By keyboardworkout⏩
And didn't Biden just drain our strategic reserves?
Yep. Like 200M barrels I think.
post 1680098453 04-03-2023, 10:26 AM
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I do notice gas prices going back up, how much higher do you think they'll be come June?
post 1680098613 04-03-2023, 10:29 AM
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Originally Posted By NYPat⏩
If only the Republicans didn't vote for an indicted criminal, we wouldn't have this "perceived" problem.
"indicted criminal" made us energy independent and gas was $1.40 per gallon in my area while he was in office.

Try again.
Wort ew in th wold.
post 1680098663 04-03-2023, 10:29 AM
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Imagine driving a gas powered vehicle in 2023 unless you tow/haul.

LMFAO
post 1680098753 04-03-2023, 10:31 AM
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Originally Posted By Dave22reborn⏩
I do notice gas prices going back up, how much higher do you think they'll be come June?
I think gas will go higher than the previous ATH.
post 1680098783 04-03-2023, 10:31 AM
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Originally Posted By ClivesTriceps⏩
"indicted criminal" made us energy independent and gas was $1.40 per gallon in my area while he was in office.

Try again.
The inditement happening recently and after 6 years of thorough investigation that showed nothing.

Pat himself has more known law breaking, with his admission of using alts, than Trump.
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.

- Arthur Schopenhauer
post 1680099023 04-03-2023, 10:36 AM
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Originally Posted By x-trainer
Fact check/attention to detail, well done
Not a fact check at all. Talking out of both sides of their mouth. The Biden Admin said it would fill the SPR at oil below $72/barrel. Prices already went below that for about half of the last 4 months and instead of buying they kept taking oil out. Granholm said we would take many years to fill the SPR back up, which has angered the Saudis.

If the government isn't buying at $68 like they promised they aren't buying when it's $90-110 this summer and $80-90 this upcoming fall and winter. The only way it goes below $72 is with a global recession, so if that doesn't happen, filling the SPR isn't either.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1680099493 04-03-2023, 10:45 AM
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Originally Posted By DeshaunWatson⏩
I think gas will go higher than the previous ATH.
Higher gas prices, mean everything else goes up in price as well.

Oh well.......let's write Ukraine another 100 billion dollar check.
post 1680099613 04-03-2023, 10:48 AM
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Originally Posted By PresidentPoopin⏩
Imagine driving a gas powered vehicle in 2023 unless you tow/haul.

LMFAO
What bicycle do you use? I wish I could get by on a bicycle and/or public transportation but it's not possible.

Even though Tesla is offering big discounts a Model 3/Y doesn't work for most families. The Model X costs as much as a Porsche SUV and has too many problems which is why they don't sell. 97% of their sales this year are the Civic sized Model 3/Y.

EVs won't become big until alternate batteries (ceramic based with more common materials) are used, preferably ones that don't have us heavily dependent on China.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1680100713 04-03-2023, 11:12 AM
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Originally Posted By NYPat⏩
If only the Republicans didn't vote for an indicted criminal, we wouldn't have this "perceived" problem.
Nah you own this you diabetic bitch.
PUREBLOOD CREW
Top G Crew

#1 Misc Tate supporter.

If you are reading this - go do 100 push ups.
post 1680100793 04-03-2023, 11:14 AM
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Originally Posted By frankdtank20⏩
What bicycle do you use? I wish I could get by on a bicycle and/or public transportation but it's not possible.

Even though Tesla is offering big discounts a Model 3/Y doesn't work for most families. The Model X costs as much as a Porsche SUV and has too many problems which is why they don't sell. 97% of their sales this year are the Civic sized Model 3/Y.

EVs won't become big until alternate batteries (ceramic based with more common materials) are used, preferably ones that don't have us heavily dependent on China.
If you're a poor, get a Chevy Bolt.
post 1680100853 04-03-2023, 11:15 AM
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Originally Posted By Dave22reborn⏩
Higher gas prices, mean everything else goes up in price as well.

Oh well.......let's write Ukraine another 100 billion dollar check.
BilliONZ!! Soygoyrimsheepgoy

Found ghost's alt.
post 1680100963 04-03-2023, 11:16 AM
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I'll give some credit where due. Biden just opened up leases in the Gulf of Mexico and Alaska he originally shut down. Those aren't like shale that can come online quickly, they'll take years to get flowing. So those will help in another decade or so, like actions of previous administrations. Reality has a way of waking people up to pragmatism.

Any Dems considering running in 2024 can use those leases against him. The small but vocal Greens won't be happy if they learn these facts. It does nothing for us now though, which is why OPEC+ removing over 3% of global oil supply in 6 months is raising prices for at least a few years. Goldman upped their price forecast for 2023-24.

Biden lovers may bump this thread if a banking and manufacturing crisis cause oil to slip via global recession, but that's hardly something to celebrate just to say "ah hah, see you were wrong" while ignoring the 10% unemployment.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1680101213 04-03-2023, 11:22 AM
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That time of year again to start bitching about summer gas prices, $35 steaks and the impending collapse that never happens.

Thanks Biden.
post 1680101433 04-03-2023, 11:27 AM
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Originally Posted By Seatard⏩
That time of year again to start bitching about summer gas prices, $35 steaks and the impending collapse that never happens.

Thanks Biden.
35$ steak sounds like a STEAL!!! Sign me up if it's USDA Prime!
post 1680103093 04-03-2023, 11:52 AM
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Originally Posted By Seatard⏩
That time of year again to start bitching about summer gas prices, $35 steaks and the impending collapse that never happens.

Thanks Biden.
Just bury your head in the sand, nothing to see here people......
post 1680107103 04-03-2023, 12:55 PM
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Originally Posted By PresidentPoopin⏩
BilliONZ!! Soygoyrimsheepgoy

Found ghost's alt.
OK, Wincel.
Wort ew in th wold.
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