Stunning Amount Of Oil Released By Biden Found Its Way To China, Other Countries

EO, the power of the POTUS to make sure bad **** doesn't happen. Joe's getting ready to sign one today. I guess China getting oil slated for emergency use meant it was intended to help to countries that are an economic threat to us. Maybe by not signing an EO regarding this it was a matter of quid pro quo for Biden.

 

I agree the market will dictate the price but I also would suggest that the oil companies are COLLUDING with opec. Generally capitalism or free market enterprise, without collusion would create competition thus exceeding demand and lowering the price. But that's clearly not happening.

Trump had a great relationship with US Shale. He helped protect them during the stupid lock down and he supported the pipeline. He also has a strong arm and would not hesitate the bring the hammer should asking nicely prove ineffective. Your guy? He's lost. Confused. Disrespected...a joke. Not feared. Walking corpse. He would also be less likely to dive back into a full on shut down, full authoritarian masks and mandates because he knows how disasterous the consequences of that are.

He only did it in 2020 because half the country went full retard and it was an election year. Don't kid yourself for one second into thinking that it isn't the common opinion that the left loves the covid mandates. Because it is.

This **** doesn't get fixed until we replace him with someone from the right who is competent.

 

EO to counter the free market system from being free, that's not capitalism. Joe would get hammered either way....

 

So there was never a shortage?

 

Suggest?! I would suggest most defo!
Can't blame them but we may be able to shame them if politics doesn't keep getting in the way.

 

Tell you what, we move toward a basic safety net styled universal Healthcare system, and I'll back subsidizing big oil Trump style.

 

How soon we forget how progressive Joe promised to be. If Joe was about the free market he wouldn't have shutdown the Keystone as soon as he stepped foot in the WH. So spare me your ludicrous rants about the free market.

 

Ok hard to discuss reality with someone that believes the world's largest Producer and User of oil can't lower prices by increasing supply.

 

Keystone was never functional and ran into endless native land issues. Don't get me wrong, I was not against it but it was destined for failure.

 

Oil companies generally won't invest on a losing proposition. That accounts for their current reluctance to open new refineries. Why open new ones when you know this current administration is planning to shut you down?

 

Well big oil was banking on eminent domain over native lands, that's the hand they had up governing Rs backsides.

 

That's a small part of the whole picture. Regulations are the major impediment to the free market of oil. Biden is doing more to impede oil production via regulations.

 

Why does it matter? What’s the point of releasing from the reserve?

 

Sure they do, and more oil on the market should lower prices, doesn’t matter where it’s sold.

 

Biden and the Dems gratuitous attacks on the American Energy Industry isn't "Free Markets".

Voters not fooled.

Biden swore that he would raise gas prices and he has.

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"US refineries are already operating at 94 percent of their capacity, with US refineries in the Gulf of Mexico running at 98 percent, which is the highest rate in 30 years. Running refineries at a higher capacity than that risks damaging the equipment. Biden insulted some of the hardest working people operating in one of the most dangerous industries in America. If Biden wants more American fuel, then he should allow the building of new refineries, right?"

No. The vicious attack by Biden and the Left on US Energy Production continues.

"On May 12, Biden’s Interior Department blocked a proposal to open up more than one million acres of land in Alaska for oil and gas drilling. Two days later, Biden’s Environmental Protection Agency blocked plans to expand an oil refinery in the US Virgin Islands."

https://nypost.com/2022/07/02/why-you-can-blame-crazy-gas-prices-on-joe-biden/

"Biden blocked the expansion of the Virgin Islands refinery, given how polluting it was."

They attack, block, strangle, and then they lie to try to avoid political repercussions from the voters whose lives they crush, while they themselves live lives of conspicuous excess, consumption and indulgence.

"Had Biden’s EPA allowed the Virgin Island refinery to expand, the owners would have poured nearly $3 billion into retrofitting the plant so it produced gasoline and other products more cleanly, while significantly increasing production at the same time."

They BLOCKED that.

"Biden could lower energy prices. He could invoke the National Defense Act to accelerate the rate of oil and gas permits. He could set a floor of $80/barrel for re-filling the Strategic Petroleum Reserve (SPR), which would be a powerful incentive for the industry, because it would prevent prices from falling to unprofitable levels. Biden could announce trade agreements with American allies to supply them with liquified natural gas, which would incentivize more natural gas production and lower prices."

But, of course Biden and the Dems won't do that. Biden has declared war on fossil fuels. “I guarantee you, we’re going to end fossil fuel,” Biden promised in 2019. “I am not going to cooperate with them,” he said, referring to the oil and gas industry.

Biden and the Dems are "in the grip of a pro-scarcity ideology that demands humankind return to before the industrial revolution."

"Lithium battery power" come from China via slave Uyghur Muslim labor."

The Inflation and sky high prices are Biden and the Dems fault. Solutions will require new leadership, vote Republican in November.

 

What little oil? How much do we have?

 

For Chinese folks, maybe... Are you smiling for China now?

 

You keep moving the discussion. I understand it's necessary so it supports a narrative. But remember that an R Congress in nov 2022 won't do a damn thing to change the price of gas. BUT, the Saudis can by this noon.

 

So prices are not global for oil? It’s nation by nation???

 

Show how the release of the SOR has reduced world prices. Not "should" but has.

 

Not as much as we have before the lock downs.

And demand has only gone up.

 

https://www.nytimes.com/2022/07/06/business/energy-environment/oil-prices-decline.amp.html

 

We’re producing more than we did trumps first couple years

 

In that that is what a discussion typically does your complaint is but a deflection.

We were, under Trump, free from being dependent on foreign oil. It's sad that you think we should return to the status of depending on a foreign country for our energy needs when we have the resources abundantly available in our own country.

 

The US is producing more oil under Biden than Tumpistani. Trump made the deal with El Saud to curtail oil production which ends mid July 2022. You are flailing in partisanship.