Biden is dipping into the reserve oil.

Discussion in 'General Discussion' started by arleigh, Nov 23, 2021.

  1. arleigh

    arleigh Goophy monkey

    At least that is the scuttle butt .
    If this is true , having shut of the pipe lines and such they are going to make sure and drive down the country when the reserves run dry.
  2. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Yeah, he's wanting to release 32 million barrels that weren't already planned plus the 18 that were planned.
    It's basically less than three days consumption. Nothing but political show.

    Asking other nations to release from their reserves as well. Just to make gas a few cents cheaper.

    It's the blocking of oil exports that is really going to fuck him. If he does get this, the oil market is globally priced, less supply due to US export ban ... the higher the price.

    Hell, if OPEC+ doesn't play, they could cause oil to go stratospheric.

    Seems the dems want it both ways, Carbon Free future AND cheap oil.

    They are mutually exclusive given todays technology and our reluctance to go nuclear power.

    We will have higher gas prices as a Christmas gift if this goes sideways.
    HK_User, oldawg, Ura-Ki and 6 others like this.
  3. arleigh

    arleigh Goophy monkey

    That is what I'm expecting..
    HK_User, Ura-Ki, duane and 2 others like this.
  4. johnbb

    johnbb Monkey++

    Let's see-- we are a carbon based life form if these libs want to be carbon free how about they all drop dead. Opening the reserves what a joke the only answer is drill and build the pipeline
    HK_User, Ura-Ki, duane and 2 others like this.
  5. hot diggity

    hot diggity Monkey+++ Site Supporter+++

  6. DKR

    DKR Raconteur of the first stripe

    hey man, China needs cheap oil too
  7. techsar

    techsar Monkey+++

    Slo Joe probably thought it was oil reverse.
    HK_User and Gator 45/70 like this.
  8. T. Riley

    T. Riley Monkey+++

    Like eating your seeds because you are a piss poor farmer.
  9. Wildbilly

    Wildbilly Monkey+++

    All that OPEC and Russia need to do is to announce that they are reducing out-put by 1 or 2% to counter any release from the oil reserves, and oil prices will remain the same or go up! They don't even have to actually reduce oil production....just claiming to do it is enough. Besides, a large release of oil from the reserves will disrupt domestic oil production, as the oil from the reserve will via for limited capacity in the pipe-lines and refineries of America. Much of the oil from the reserves might have to be exported!
    Gator 45/70, HK_User and Ura-Ki like this.
  10. v0lcom13sn0w

    v0lcom13sn0w Trunk Monkey

    bring the keystone back.
    Gator 45/70 and HK_User like this.
  11. oldman1111

    oldman1111 Monkey

    No, bring Trump back
  12. johnbb

    johnbb Monkey++

    Absolutely none of this would be happening if Trump did not have the election stolen .Bidumb owns this f-up economy completely. SO this idiot will replace the oil reserve with 100 dollar barrel oil ---oh that's right he's not paying it we tax payers are. Typical government shell game the illusion he is lowering gas prices (briefly, only pennies) we all will still end up paying. High prices ----not due to his climate bull shit -----LIES all LIES

    Last edited: Nov 24, 2021
  13. HK_User

    HK_User A Productive Monkey is a Happy Monkey

    A lot of Dems are finding they are not welcome around town and all regret having signs in their yards before the Phony Election.

    Most are in seclusion and hunkered down.

    Some in the area ignore greetings from across the way if you even attempt to have a conversation.

    They too have Biden and the Dem Party to thank.
    Last edited: Nov 24, 2021
    oldawg, Gator 45/70 and johnbb like this.
  14. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Oh we'd still have some inflation due to the stimmy checks coming out under Trump's watch.
    Anytime there is an increase in the money supply you get more dollars chasing goods and with the economy/production shut down you have less goods. It was inevitable.

    Biden may not have created the inflation situation but it's his problem now.
    Then with the new spending bills, he kind of threw gasoline on the fire.

    There are many cooks (the Federal reserve, the legislative branch, the executive branch, NIH, the typical consumer) in this kitchen. Unfortunately, there isn't an executive chef keeping order. Yeah, this restaurant is going to lose all its Michelin stars this year.
    HK_User likes this.
  15. HK_User

    HK_User A Productive Monkey is a Happy Monkey

    Yup the Michelin Man gets thinner by the minute.
    VisuTrac likes this.
  16. johnbb

    johnbb Monkey++

    Disagree --under Trump inflation was minimal as soon as Bidumb took office with his executive orders undid everything Trump had done. Bidumb then started throwing money at everything as well as cutting domestic oil production, paying people not to work. Trump would have worked to keep inflation down. Bidumb has done absolutely nothing blaming the pandemic BS
    john316 and HK_User like this.
  17. mysterymet

    mysterymet Monkey+++

    Yes I agree that we would have had some inflation if Trump won because of the 2020 free money BUT it would be nowhere as huge an issue as this shit show is with sir spend-a-lot Brandon in the WH.
    HK_User and johnbb like this.
  18. johnbb

    johnbb Monkey++

    Trump took no salary and reported to sleep 4 hours a night --the rest of the time working---Bidumb takes a salary and maybe works 4 hours a day while the country burns down.
    HK_User and Capt. Tyree like this.
  19. mysterymet

    mysterymet Monkey+++

    Dude is so senile he can’t even remember he is not supposed to shit his pants.
    johnbb and HK_User like this.
  20. HK_User

    HK_User A Productive Monkey is a Happy Monkey

    Seems to be in the Dems Play Book.
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