My hero, Biden to release oil from strategic reserves

[Saltwater60]

What a joke he is.

Are people truly this stupid?
from the article.
If successful, the move would pit the countries against the OPEC coalition — including Russia and Saudi Arabia — for control over oil prices.
So releasing a bit of oil from the strategic reserves will give us control to set the gas prices? Really how will this one work? I can’t imagine this will give us control. It will temporarily and short-lived reduce the price, but no long-term benefit.

Biden releasing oil from Strategic Petroleum Reserve to help lower gas prices

The administration has been pushing China, India, Japan and South Korea to join in a coordinated effort to release reserves of crude oil to help tamp down rising gasoline prices.

www.cbsnews.com

 

[Bustedknees]

The oil Trump bought a record low prices last time OPEC tried to fuck with the market, that oil ??

 

[spat]

The oil Trump bought a record low prices last time OPEC tried to fuck with the market, that oil ??

Buy low, sell high.

 

[GOYABEAN]

C'mon man don't you know I'm just destroying our country a little bit at a time you know the thing

 

[BerettaGuy]

With war on the horizon, it is a stupid move that is making the CCP smile.

 

[livingston]

I always thought the reserve would be in place for a national emergency. War breaks out in the middle east we have a small cushion. before a real SHTF . This Democrat government is using it so they don't crash the poll numbers so much. This country will endure a Christmas like we have not seen in 70 years. . Inflation is going through the roof and they cannot control it..... By passing this massive bill they do not care, about the American people. Look and see how this money will be spent....Pet projects and "requirements " that would make a conservative sick. .. Think social justice folks ...
I believe selling off the reserve moves along with their plan to crash the oil, gas .coal economy When they do it will destroy this country.. These folks cannot handle a shipping crisis ... Think about what will happen with other aspects of the economy. when they destroy gas , oil, coal... Question are they teaching the coal miners how to code yet ? . Doubt it

 

[Blimey]

I doubt it will help much and, in any case, these are strategic reserves, not "I don't want to spend more money on my tank of gas this Thanksgiving"-reserves. Nobody likes high gas prices, but these are supposed to be for when shit hits the fan not people having to skip the drive thru because their truck costs too much to fill.

I always thought the reserve would be in place for a national emergency. War breaks out in the middle east we have a small cushion. before a real SHTF . This Democrat government is using it so they don't crash the poll numbers so much. This country will endure a Christmas like we have not seen in 70 years. . Inflation is going through the roof and they cannot control it..... By passing this massive bill they do not care, about the American people. Look and see how this money will be spent....Pet projects and "requirements " that would make a conservative sick. .. Think social justice folks ...
I believe selling off the reserve moves along with their plan to crash the oil, gas .coal economy When they do it will destroy this country.. These folks cannot handle a shipping crisis ... Think about what will happen with other aspects of the economy. when they destroy gas , oil, coal... Question are they teaching the coal miners how to code yet ? . Doubt it

Concur. I know other presidents have tapped the reserves for this. Pretty sure Obama did. I am not sure if Bush did. We have to buy this back later anyway, and oil is just frankly not outrageously expensive now by historic standards.

 

[Steal2B]

I can pretty much guarantee any move this administration of evil assholes makes is dead wrong.

Sometimes it's because of their stupidity.

Sometimes it's because they're evil. (Stealing your money, protecting criminal supporters, pushing the opposition, enabling sinister motives, etc)

Sometimes it's to sabotage the Republic

It is always the wrong move.

 

[Vinson57]

The plan is complete decimation of fossil fuels whether you like it or believe it. All the feet dragging losers resist, but the idea of cheap fuel and driving around in a circle all day will be coming to an end. There are other areas in the decimation plan to distract the people not into multitasking. The end is there is no more gas station over on the corner and there is no more filling up. There will be an evolution to get to this point and the dinosaurs who do not get with the plan, they do not even care if you die, hence the "virus" and a continuance of already poor health care provided by useless drugs of big pharma.

 

[Steal2B]

The plan is complete decimation of fossil fuels whether you like it or believe it. All the feet dragging losers resist, but the idea of cheap fuel and driving around in a circle all day will be coming to an end. There are other areas in the decimation plan to distract the people not into multitasking. The end is there is no more gas station over on the corner and there is no more filling up. There will be an evolution to get to this point and the dinosaurs who do not get with the plan, they do not even care if you die, hence the "virus" and a continuance of already poor health care provided by useless drugs of big pharma.

I seem to recall our forefathers and ancestors shot tyrants' asses off for less.

 

[livingston]

 

[livingston]

News said people are buying wood more than ever for heat.. They have banned it in Europe next here...
Think of the guy in W Va.. has a small coal deposit he can dig coal out of and a lot of timber lots... Government says he cannot use any of it.

 

[TEOTWAWKI inc.]

News said people are buying wood more than ever for heat.. They have banned it in Europe next here...
Think of the guy in W Va.. has a small coal deposit he can dig coal out of and a lot of timber lots... Government says he cannot use any of it.

 

[togmaster]

Yes people really are that stupid.

 

[GOPerfect]

What a joke he is.

Are people truly this stupid?

Yes, yes they are.

Twitter is buzzing about how awesome Biden is for doing this Bullshit move.

 

[GOPerfect]

The Reserves have only been used three times in the past: an emergency release from the U.S. Strategic Petroleum Reserve.

While there have been sales and exchanges for non emergency reasons, the SPR, set up in the mid-1970s amid the Arab oil embargo, has been used for emergency purposes only three times, in 1991, 2005 and 2011.

 

[Deplorable Me]

And sometime we'll have to refill them in the future, sort of like deficit spending. Just turn the pipelines back on and stop manipulating the damn economy.

 

[Saltwater60]

And sometime we'll have to refill them in the future, sort of like deficit spending. Just turn the pipelines back on and stop manipulating the damn economy.

I’m not sure they will refill them. If they loss it away then they will say we need battery power. I’d love to see a battery powered tank or fighter jet.

 

[Deplorable Me]

I’m not sure they will refill them. If they loss it away then they will say we need battery power. I’d love to see a battery powered tank or fighter jet.

Or battery powered Air Force One.

 

[Saltwater60]

Or battery powered Air Force One.

I’m fine with that currently. I have some Duracells to provide if it will help. I think it’s a great example if he wants us to go battery.

 

[holdover]

What a joke he is.

Are people truly this stupid?
from the article.
If successful, the move would pit the countries against the OPEC coalition — including Russia and Saudi Arabia — for control over oil prices.
So releasing a bit of oil from the strategic reserves will give us control to set the gas prices? Really how will this one work? I can’t imagine this will give us control. It will temporarily and short-lived reduce the price, but no long-term benefit.

Biden releasing oil from Strategic Petroleum Reserve to help lower gas prices

The administration has been pushing China, India, Japan and South Korea to join in a coordinated effort to release reserves of crude oil to help tamp down rising gasoline prices.

www.cbsnews.com

Its not stupid, they are lying to the public.

 

[holdover]

News said people are buying wood more than ever for heat.. They have banned it in Europe next here...
Think of the guy in W Va.. has a small coal deposit he can dig coal out of and a lot of timber lots... Government says he cannot use any of it.

Picked up a brand new Stihl farmboss today

 

[DoOver]

Less than 3 days supply of oil.

Morons.

 

[Carlos Hathcock]

Biden puts the TRAGIC in STRAGEGIC oil supply.

Like cashing in your 401k to go on vacation. Fucking moron.

 

[dwa12479]

Biden is releasing 50 million barrels. The US consumes 20 million barrels a day. It's literally 2.5 days worth of oil. Silly and ridiculous. This will do absolutely nothing for gas prices.

 

[TEOTWAWKI inc.]

Biden is releasing 50 million barrels. The US consumes 20 million barrels a day. It's literally 2.5 days worth of oil. Silly and ridiculous. This will do absolutely nothing for gas prices.

Gas rises 3% after releasing oil from strategic reserves...

Oil Rises 3 Percent to One-Week High After US Taps Emergency Reserves

Oil prices rose to a one-week high on Tuesday after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations.The United States said on Tuesday it would...

www.newsmax.com

 

[dwa12479]

Gas rises 3% after releasing oil from strategic reserves...

Oil Rises 3 Percent to One-Week High After US Taps Emergency Reserves

Oil prices rose to a one-week high on Tuesday after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations.The United States said on Tuesday it would...

www.newsmax.com

Precisely.... lol.

 

[holdover]

They keep saying they want to transition from fossil fuels to green energy, but it hasn't been feasible, So they are going to make it feasible by raising the costs of natural fuels beyond your ability to pay, thereby making green energy ""Cheap"" in comparison.

The hegelian dialectic,at work.

The technique is as old as politics itself. It is the Hegelian Dialectic of bringing about change in a three-step process: Thesis, Antithesis and Synthesis.

The first step (thesis) is to create a problem. The second step (antithesis) is to generate opposition to the problem (fear, panic and hysteria). The third step (synthesis) is to offer the predetermined solution to the problem created by step one: A change which would have been impossible to impose upon the people without the proper psychological conditioning achieved in stages one and two.”

 

[livingston]

Biden is releasing 50 million barrels. The US consumes 20 million barrels a day. It's literally 2.5 days worth of oil. Silly and ridiculous. This will do absolutely nothing for gas prices.

Well... He can now say he did something...

 

[livingston]