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

ExpressLane said:
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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Another sewer turd level idiot has spoken here
 
Geeko Sportivo said:
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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But the industry will die soon


Science just figured some very important shit out recently
 
Phantasmal said:
Biden doesn’t plan to replace the oil till the price drops, the revenue will be held until that time.
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Wake up, Brandon has no plan at all. Putting one drop back would have conservatives pointing out what an utterly stupid move it was to withdraw one barrel from the reserves. Trump was a genius to fill it while the price was down, Brandon screwed the country by listening to his handlers.
 
Lionfish said:
Wake up, Brandon has no plan at all. Putting one drop back would have conservatives pointing out what an utterly stupid move it was to withdraw one barrel from the reserves. Trump was a genius to fill it while the price was down, Brandon screwed the country by listening to his handlers.
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Dear fucking idiot


The entire oil industry now understand their product will soon be worthless idiot


Guess who is now fucked?


The Middle East and Russia


They will become entirely impoverished without that product


There is not a big profit in sand or tundra


That’s why Putin wants Ukraine and doesn’t care if he kills everyone and destroys all the cities


He’s only interested in the land for growing food

Ukraine feeds like a third of the world idiot


Fuck you very much
 
ExpressLane said:
Thank you for making my point.
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Hey, if the Gasoline Production Industry needs to raise the price of gasoline, they should raise the price, by all means.

It's their profit margin. This is Free Enterprise here in America. Still doesn't explain how they have all recently doubled their annual profits! Joe Biden stood up and asked them straight-forwardly!

The voting consumers would like to know why, that's for sure. They definitely owe Congress and Joe Biden the answer to Biden's question, as well!

That was my point- not yours!
 
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Lionfish said:
Wake up, Brandon has no plan at all. Putting one drop back would have conservatives pointing out what an utterly stupid move it was to withdraw one barrel from the reserves. Trump was a genius to fill it while the price was down, Brandon screwed the country by listening to his handlers.
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Why worry about reserves on a product that is about to become needless?


Dumb fuck
 
Geeko Sportivo said:
Hey, if the Gasoline Production Industry needs to raise the price of gasoline, they should raise the price, by all means.

It's their profit margin. Still doesn't explain how they have all recently doubled their annual profits!

That was my point- not yours!
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Gouging for one of the last times they can
 
evince said:
Gouging for one of the last times they can
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We wish. The Gasoline Manufacturers are still causing Diesel to be twice as much, if not even more higher than that, or what it has to be- because of their intentionally slow production levels of Diesel specifically. This is what is keeping inflation high- most especially the cost of groceries.

This is what Joe Biden is mad about regarding the oil companies- and what we should all be mad about- IF WE SHOULD BE MAD ABOUT ANYTHING INFLATIONARY RELATED!

"If the price of Groceries is not a Kitchen Table issue, I don't know what is"! [Geeko Sportivo]:laugh:
 
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Geeko Sportivo said:
We wish. The Gasoline Manufacturers are still causing Diesel to be twice as much, if not even more higher than that, or what it has to be- because of their intentionally slow production levels of Diesel specifically. This is what is keeping inflation high- most especially the cost of groceries.

This is what Joe Biden is mad about regarding the oil companies- and what we should all be mad about- IF WE SHOULD BE MAD ABOUT ANYTHING INFLATIONARY RELATED!

"If the price of Groceries is not a Kitchen Table issue, I don't know what is"! [Geeko Sportivo]:laugh:
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No. I have driven diesel trucks for almost four decades now, The price of dowel use to be below regular. Then in the 80s the federal government regulated the sulfur content in diesel to 15 pm That put several diesel refineries out of business. Plus to get to 15 ll they need to use sweet crude which is more expensive than sour crude. That shot the price up to more than premium . In the winter people burn home heating oil which is refined in the same refinery and that helps drive the price of diesel up. When Biden took office the price of diesel was 3.06 and I saw it the other day for 3.79 so we are about 73 cents higher now. o
 
ExpressLane said:
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.
Click to expand...
LMAO. If your fantasy price is true, then Biden is even more of a genius.
 
Geeko Sportivo said:
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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When the sales tax moratorium expires at year's end, the price will go up unless it is renewed.

Saudis stopped pumping because they thought it would destroy Dems. in the mid terms.

It failed. For a number of reasons. We have a glut until China starts their economy up again.

The wells sit idle in this nation because Wall St. didn't allow them to start up again. U.S production has increased in the past few months, though
 
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