U.S Profits $4 Billion From Biden's Genius Oil Reserve Move

Althea

Althea

Althea told me...
For all of the criticism about Biden 'selling our oil' to China and others, it appears that the senile old bastard is smarter than the Nazis on this board.

Sell high, buy low. It's as basic as it gets. And it really chapped Putin's ass.

[h=1]Joe Biden made the oil trade of the year[/h]
 
Assuming that the Revolution will refill the reserve will not end well, it wont happen.

Currently about half full.
 
It was never about making money, it was about making the regime look good before an election.

Dont be a chump.
 
Althea said:
For all of the criticism about Biden 'selling our oil' to China and others, it appears that the senile old bastard is smarter than the Nazis on this board.

Sell high, buy low. It's as basic as it gets. And it really chapped Putin's ass.

[h=1]Joe Biden made the oil trade of the year[/h]
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Oh really? The oil in the Strategic Oil Reserve was put there for an average of $29.70 per barrel until all of that oil has been replaced America is losing money. Today's oil price is 76.05 if we replaced every barrel we would be losing 46.35 times 180 million barrels.
 
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ExpressLane said:
Oh really? The boil in the Strategic Oil Reserve was put there for an average of $29.70 per barrel until all of that oil has been replaced America is losing money. Today's oil price is 76.05 if we repac1ed every barrel we would be losing 46.35 times 180 million barrels.
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Biden doesn’t plan to replace the oil till the price drops, the revenue will be held until that time.
 
T. A. Gardner said:
You could have ended your statement there. The tards in the Joke administration want to get rid of the reserve entirely. Those stupid fucks think the world can run on whirligigs and sunshine.
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That's GREAT I build whirligigs as a hobby. I make a great fisherman whirligig.
 
ExpressLane said:
Oh really? The boil in the Strategic Oil Reserve was put there for an average of $29.70 per barrel until all of that oil has been replaced America is losing money. Today's oil price is 76.05 if we repac1ed every barrel we would be losing 46.35 times 180 million barrels.
Click to expand...

Do you honestly think the Saudis or even American Oil companies are going to pump oil at $29.70 a barrel ever again?

Trust me, the only way you will ever see crude at $29 a barrel again, is if there is another world-wide-pandemic shutdown!

The Saudis won't even drill now- even at $79 a barrel- This is not the US's doings or much less, even Biden's fault, it is because the Saudis think it isn't worth their efforts at that price. And American wild-catters and a lot of independent oil companies never even drill til the price gets up to 100 bucks a barrel! Head out to the Permian Basin in West Texas, and see the thousands of productive pump jacks just sitting there idle in the desert. The price of crude is not high enough for them- THEY'LL JUST WAIT.

So, everybody better get happy to buy their gas now at the prices we are paying now. As, it will level off and that is the way it will be.

We are currently paying an average of $2.70 a gallon here in Dallas, and it is not expected to fall much more than that!
 
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Geeko Sportivo said:
Do honestly think the Saudis or even American Oil companies are going to pump oil at $29.70 a barrel?

Trust me, the only way you will ever see crude at $29 a barrel, is if there is another world-wide-pandemic shutdown!

The Saudis won't even drill now even at $79 a barrel- This is not the US's doings or much less, even Biden's fault, it is because the Saudis think it isn't worth their efforts at that price. And American wild-catters never even drill til the price gets up to 100 bucks a barrel!

So, everybody better get happy to buy their gas now at the prices we are paying now. As, it will level off and that is the way it will be.

We are currently paying an average of $2.70 a gallon here in Dallas, and it is not expected to fall much more than that!
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Oil reserves are constantly going up and down, I’m curious how he came up with the $29 a barrel price?
 
Geeko Sportivo said:
Do honestly think the Saudis or even American Oil companies are going to pump oil at $29.70 a barrel?

Trust me, the only way you will ever see crude at $29 a barrel, is if there is another world-wide-pandemic shutdown!

The Saudis won't even drill now even at $79 a barrel- This is not the US's doings or much less, even Biden's fault, it is because the Saudis think it isn't worth their efforts at that price. And American wild-catters never even drill til the price gets up to 100 bucks a barrel!

So, everybody better get happy to buy their gas now at the prices we are paying now. As, it will level off and that is the way it will be.

We are currently paying an average of $2.70 a gallon here in Dallas, and it is not expected to fall much more than that!
Click to expand...
Thank you for making my point.
 
Geeko Sportivo said:
Do honestly think the Saudis or even American Oil companies are going to pump oil at $29.70 a barrel?

Trust me, the only way you will ever see crude at $29 a barrel, is if there is another world-wide-pandemic shutdown!

The Saudis won't even drill now even at $79 a barrel- This is not the US's doings or much less, even Biden's fault, it is because the Saudis think it isn't worth their efforts at that price. And American wild-catters never even drill til the price gets up to 100 bucks a barrel!

So, everybody better get happy to buy their gas now at the prices we are paying now. As, it will level off and that is the way it will be.

We are currently paying an average of $2.70 a gallon here in Dallas, and it is not expected to fall much more than that!
Click to expand...

Reality doesn't matter to the magatards, the magatards need some scum to throw at Biden, even if they have to fabricate it.
 
Phantasmal said:
Oil reserves are constantly going up and down, I’m curious how he came up with the $29 a barrel price?
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He could of said below a dollar. Because during the Pandemic Shutdown, consumption of gasoline fell to a 50 year low, and the price of crude, on the index, fell to below a dollar. He's referring to those times, that were a freak incident in World Economy history.

This problem is the Oil Companies need more profit they say, but the fact is- the oil companies doubled their profits during the resurgence since the pandemic shutdown, while still crying for higher crude prices.

The Oil companies are really fearing the sales of their competition and they see that coming- ELECTRIC VEHICLES!

So, Crude prices will only rise from now on because of this cold business war and conflict of interest between the Oil and Auto Industries!

But here is the thing- Automakers are trying to sell more electric vehicles to bring the cost of their product down, while the Oil Drilling Companies are drilling less to bring the cost of their crude oil up! You have to think about that before you purchase a vehicle these days! Who is planning for the future the best- the Automakers or the Oil Drilling and Gasoline production Industries?

Because electric cars and hybrids are the future- and everyone knows it now- even the OIL PEOPLE!
 
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Hawkeye10 said:
It was never about making money, it was about making the regime look good before an election.

Dont be a chump.
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Biden also released oil from the strategic reserve back in November 2021, a year before the election, so the intent is obviously to try to help consumers.

MAGAs screamed about gas prices, did you expect Biden to sit back and do absolutely nothing?
 
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