Originally posted by: David Miller
These facts are undeniable - brain dead Biden continues to ruin America.
These are speculations, so I hereby deny them. See? Not undeniable at all. And "continues" means the present, but the article is about last year.
You'd understand so much more if you developed rudimentary reading skills instead of screaming at everyone and calling them liars.
Originally posted by: Boilerman
"According to an analysis from the Department of the Treasury from July, the release of oil from the SPR helped lower the price of gasoline in the US by an estimated range of 13 to 31 cents per gallon. This report covers the period from March to July of 2022.[2] This means that, without the release of crude oil from the SPR, gasoline prices could be anywhere between 13 to 31 cents higher per gallon."
It should be noted that in March and April, Sleepy and friends were only pulling 10,000 barrels per month from the Strategic Petroleum Reserve, and this lowed prices by 13 cents per gallon. From May and September, Sleepy has been pulling out 25,000 30,000 barrels per month, thus artificially lowering gasoline prices by 31 cents per gallon. At least that's what the US Treasury and Boilerman believe. Kevin wouldn't know, because he doesn't want to know........plus Kevin has never sold commodities and this sort of thing baffles him. Much like he's baffled by large numbers.
Three important takeaways from this post.
1) Joe Biden used his limited powers as president to lower gas prices....not increase them. And for some reason Boilerman finds this upsetting.
2) Domestic oil producers are breaking records for production which runs contrary to the fictional narrative Boilerman was spouting on this board a year ago about how Joe Biden was stopping them.
3) Boilerman is not a very good source of information.
Yes, Biden lowed gas prices by artificial means. When the SPR is refilled, likely by a Republican, prices will be driven up. Nothings free.
Just the facts, ma'am.
Originally posted by: Boilerman
Yes, Biden lowed gas prices by artificial means. When the SPR is refilled, likely by a Republican, prices will be driven up. Nothings free.
Just the facts, ma'am.
You're not very good at facts, and what you just said is a mere uninformed prediction, not factual.
The federal government can purchase crude to refill the SPR at whatever rate it deems prudent. There's no great rush to do that. It's not as if oil is or will be in short supply.
The SPR could have remained untouched if the oil companies hadn't given Biden the finger when he implored them to increase production. That's the piece of the puzzle Boiler is ignorant of.
Right now, production is at an all-time high, because the oil companies are loving those yummy yummy juicy profits. They got all kerfuffled when Biden tapped the SPR, because it put a tiny dent in their monopoly power. That's why they enlisted their propaganda cheerleaders (like Boiler) to do some anxious hand-wringing.
Of course, our ACTUAL strategic petroleum reserve is what's still in the ground...approximately 7,000 times what's in the SPR. So there's no cause for concern-'as the oil companies are well aware.
Originally posted by: Boilerman
Yes, Biden lowed gas prices by artificial means. When the SPR is refilled, likely by a Republican, prices will be driven up. Nothings free.
Just the facts, ma'am.
What do you mean, "when"
it's already being replenished at a price lower than it was emptied. Translation Joe Biden made money for taxpayers by lowering gas prices. https://www.energy.gov/articles/doe-announces-repurchase-oil-strategic-petroleum-reserve
refer to point #3 from my prior post
Originally posted by: PJ Stroh
What do you mean, "when"
it's already being replenished at a price lower than it was emptied. Translation Joe Biden made money for taxpayers by lowering gas prices. https://www.energy.gov/articles/doe-announces-repurchase-oil-strategic-petroleum-reserve
refer to point #3 from my prior post
What's important to Boiler, and conservitards in general, is that they have something to whine about, not whether that something is factual or not.
I still don't understand why there are so many people like him who are fawningly servile to the fossil fuel companies and think they can do no wrong--when the vast majority of those people are getting fucked at the pump, just like the rest of us.
But then, I suppose, Hitler drew massive, adoring crowds even as German cities were being bombed to rubble. And of course, Trump induces mass orgasms wherever he holds his hate rallies. So whether someone or something is good or evil doesn't bother the worshippers.
Originally posted by: PJ Stroh
What do you mean, "when"
it's already being replenished at a price lower than it was emptied. Translation Joe Biden made money for taxpayers by lowering gas prices. https://www.energy.gov/articles/doe-announces-repurchase-oil-strategic-petroleum-reserve
refer to point #3 from my prior post
Correction; brain dead Biden fucked tax payers to the tune of millions of dollars when he shut down the pipeline and stopped drilling with his administrations stonewalling of leasing drilling. Then this dumb bastard sold some of the reserves to China and other nations.
Originally posted by: David Miller
Correction; brain dead Biden fucked tax payers to the tune of millions of dollars when he shut down the pipeline and stopped drilling with his administrations stonewalling of leasing drilling. Then this dumb bastard sold some of the reserves to China and other nations.
HAHAHAHAHA, The EXACT opposite is true! Biden implored the oil companies to increase production, but they said no!
The pipeline you refer to had NOTHING to do with gas prices, as it wouldn't have been completed for years.
Biden, in fact, expanded drilling permits nationwide. Not his fault if the oil companies decided not to drill. But their production is now at an all-time high, from existing wells! So maybe they didn't need new wells to increase production after all!
I doubt that the "sold reserves to China" babble is even true, but if that actually happened, so what? It's not like we don't have plenty of oil! And any revenues from foreign oil sales would have gone directly to the Treasury, reducing the deficit, which conservitards are always bitching about!
Originally posted by: Kevin Lewis
HAHAHAHAHA, The EXACT opposite is true! Biden implored the oil companies to increase production, but they said no!
The pipeline you refer to had NOTHING to do with gas prices, as it wouldn't have been completed for years.
Biden, in fact, expanded drilling permits nationwide. Not his fault if the oil companies decided not to drill. But their production is now at an all-time high, from existing wells! So maybe they didn't need new wells to increase production after all!
I doubt that the "sold reserves to China" babble is even true, but if that actually happened, so what? It's not like we don't have plenty of oil! And any revenues from foreign oil sales would have gone directly to the Treasury, reducing the deficit, which conservitards are always bitching about!
You really are full of shit.
Bipartisan senators push bill aimed at restricting oil reserve sales to China -- brain dead Biden should be impeached for selling out America to China -- https://thehill.com/policy/energy-environment/3839705-bipartisan-senators-push-bill-aimed-at-restricting-oil-reserve-sales-to-china/?fbclid=IwAR3myqtwTaB1vw7bf5yi-xdFN7joV6HCkNUmYgFJMOQOxsZRJIl2E9x9U_o
