Oil reserves release

[ddimaggio]

Another Brandon slight of hand ..
Another PR stunt solely for political purposes
The strategic oil reserves were created for National defense purposes, so that we had ready reserves in the case of a national emergency. It was never meant as a vehicle to smooth oil prices artificially
It’s very short term thinking, it’s like raiding your 401k to finance a vacation in Hawaii.
After this round of releases we will have spent 1/2 of our reserves
The real answer is to create long term energy supplies to address our needs , including Nuclear power , more drilling, clean coal technology, improves “ green “ sources etc
This is so Brandon
A stunt for PR purposes that can be spun by his minions ,as he blames others for his many failures

 

[thedonaldWYO]

Another Brandon slight of hand ..
Another PR stunt solely for political purposes
The strategic oil reserves were created for National defense purposes, so that we had ready reserves in the case of a national emergency. It was never meant as a vehicle to smooth oil prices artificially
It’s very short term thinking, it’s like raiding your 401k to finance a vacation in Hawaii.
After this round of releases we will have spent 1/2 of our reserves
The real answer is to create long term energy supplies to address our needs , including Nuclear power , more drilling, clean coal technology, improves “ green “ sources etc
This is so Brandon
A stunt for PR purposes that can be spun by his minions ,as he blames others for his many failures

Spot on post!

 

[NO.SHORECANE]

Band Aid approach to a real problem.

 

[Raoul2]

Another Brandon slight of hand ..
Another PR stunt solely for political purposes
The strategic oil reserves were created for National defense purposes, so that we had ready reserves in the case of a national emergency. It was never meant as a vehicle to smooth oil prices artificially
It’s very short term thinking, it’s like raiding your 401k to finance a vacation in Hawaii.
After this round of releases we will have spent 1/2 of our reserves
The real answer is to create long term energy supplies to address our needs , including Nuclear power , more drilling, clean coal technology, improves “ green “ sources etc
This is so Brandon
A stunt for PR purposes that can be spun by his minions ,as he blames others for his many failures

1 million barrels per day for a temporary period of time would bring gas prices down. That's not a lot of oil when you consider the SPR has about 750n barrels stored up. If you were to use up 1 million a day for 30 days that could be replenished by my shale production.

 

[thedonaldWYO]

1 million barrels per day for a temporary period of time would bring gas prices down. That's not a lot of oil when you consider the SPR has about 750n barrels stored up. If you were to use up 1 million a day for 30 days that could be replenished by my shale production.

The SPR is at or over 60% sour crude compared to sweet. As mentioned this is a band-aid fix as companies have to go through a series of processing to make it sweet for use which drives the price up. You cannot just deplete the sweet crude from the SPR but with this administration, nothing would surprise me. In other words, this is a wolf in sheep's clothing trying to say gas prices will go down with the announcement today.

 

[Raoul2]

The SPR is at or over 60% sour crude compared to sweet. As mentioned this is a band-aid fix as companies have to go through a series of processing to make it sweet for use which drives the price up. You cannot just deplete the sweet crude from the SPR but with this administration, nothing would surprise me. In other words, this is a wolf in sheep's clothing trying to say gas prices will go down with the announcement today.

The oil price just fell by 7% when the news came out . Its just about under $100 a barrel now. OPEC have also agreed to raise output. If they can get it to below 80, that will make a big difference at the pump.

 

[majus12]

The oil price just fell by 7% when the news came out . Its just about under $100 a barrel now. OPEC have also agreed to raise output. If they can get it to below 80, that will make a big difference at the pump.

REOPEN. KEYSTONE PIPELINE
WAKE the hell uip Raoul, all you do is ignore the BS liberal policies that has put this country down!

 

[thedonaldWYO]

The oil price just fell by 7% when the news came out . Its just about under $100 a barrel now. OPEC have also agreed to raise output. If they can get it to below 80, that will make a big difference at the pump.

Raoul2- I thought we are going back to being energy independent as we were under DJT? Why do we need OPEC involved. Ironic how what was done today will not have any effects for over two weeks and reports are there are 20ish Russian oil tankers on their way to American ports from contracts made before the invasion in Ukraine. Does this administration have the balls to turn those tankers away? I highly doubt it as there is too much $$$ involved.

 

[soflbig-al1]

No one here seems to mention the thousands of leased acres that have not been drilled on so far .

Raoul2- I thought we are going back to being energy independent as we were under DJT? Why do we need OPEC involved. Ironic how what was done today will not have any effects for over two weeks and reports are there are 20ish Russian oil tankers on their way to American ports from contracts made before the invasion in Ukraine. Does this administration have the balls to turn those tankers away? I highly doubt it as there is too much $$$ involved.

Thousands of acres are currently leased but not drilled on. If the oil producers that bought them don't drill, they should be re-sold to those that will.

 

[Raoul2]

Raoul2- I thought we are going back to being energy independent as we were under DJT? Why do we need OPEC involved. Ironic how what was done today will not have any effects for over two weeks and reports are there are 20ish Russian oil tankers on their way to American ports from contracts made before the invasion in Ukraine. Does this administration have the balls to turn those tankers away? I highly doubt it as there is too much $$$ involved.

There's no such thing as energy independence given that the oil price is driven by global supply and demand. As long as fossil fuels are used, those that produce the most of it will have in the price of oil, and by extension, prices at the pump.

 

[Raoul2]

REOPEN. KEYSTONE PIPELINE
WAKE the hell uip Raoul, all you do is ignore the BS liberal policies that has put this country down!

Wouldn't make a difference since that oil is already coming into the country by other means.

 

[KOWBOY88]

No one here seems to mention the thousands of leased acres that have not been drilled on so far .

Thousands of acres are currently leased but not drilled on. If the oil producers that bought them don't drill, they should be re-sold to those that will.

You should really research a little more. Don’t repeat talking points.
democrats love today o there’s 9000 leases they can drill.
Hint look up what the process is
Like financing and how the government changed the rules
Or the epa and the department of energy that is slow rolling any project with fossil fuels
O and you ever notice at drill sites the constant torches burning of gas ?
that gas could be captured and used but you gotta have permits to build a pipeline to move it out.
and who in their right mind wants to invest millions on a project that requires fracking when the democrats keep threatening to end all fracking.
Come on you really think at 100$ + a barrel these “ greedy oil companies”wouldn’t be drilling at maximum capacity if they could? Or maybe you don’t have all the facts. You ever think about that?
maybe someone is trying to deceive you…. Hmmmm

 

[thedonaldWYO]

There's no such thing as energy independence given that the oil price is driven by global supply and demand. As long as fossil fuels are used, those that produce the most of it will have in the price of oil, and by extension, prices at the pump.

Then let's just buy from Venezuela to really stir sh!t up.... Hell, under the Chavez regime, we could have had gas prices under $1 if we purchased from them....

No such thing as energy independence? There was a time (not under Obama or this administration as they shut it down) America was the largest exporter of clean burning coal besides what we use on our own here in the States. Does that not show independence that we can export that much clean burning coal and still use what is needed here? Before you begin to try to tell me about how coal works plus how bad it is for the environment, you better do your homework.

 

[ddimaggio]

No one here seems to mention the thousands of leased acres that have not been drilled on so far .

Thousands of acres are currently leased but not drilled on. If the oil producers that bought them don't drill, they should be re-sold to those that will.

This is just another PR spin job that becomes a talking point . The non use of leases, the inactivity of drilling, the Putin factor .. all the same ..
When the red headed lady starts speaking about unused leases , I cringe .
It’s infantile, at best

No one is going to start exploration unless the market conditions are favorable and the prospects of success are good
It’s like the Duckworth lady the other day , going off on oil companies paying dividends and buying back stock rather than lowering prices .
Oil companies compete, try to reduce costs and produce a fairly priced product. They have upstream as well as downstream businesses
.
Meanwhile it’s all about fooling the peeps , PR stunts , and phony new messaging.
It’s pretty simple , take the lid off the production, open ANWAR , leave fracking alone, open government lands and build pipelines

 

[soflbig-al1]

You should really research a little more. Don’t repeat talking points.
democrats love today o there’s 9000 leases they can drill.
Hint look up what the process is
Like financing and how the government changed the rules
Or the epa and the department of energy that is slow rolling any project with fossil fuels
O and you ever notice at drill sites the constant torches burning of gas ?
that gas could be captured and used but you gotta have permits to build a pipeline to move it out.
and who in their right mind wants to invest millions on a project that requires fracking when the democrats keep threatening to end all fracking.
Come on you really think at 100$ + a barrel these “ greedy oil companies”wouldn’t be drilling at maximum capacity if they could? Or maybe you don’t have all the facts. You ever think about that?
maybe someone is trying to deceive you…. Hmmmm

All good points, KB

 

[miamimike]

REOPEN. KEYSTONE PIPELINE
WAKE the hell uip Raoul, all you do is ignore the BS liberal policies that has put this country down!

Less than one-tenth of the Keystone XL segment of the Keystone system was complete when Biden revoked the permit. Experts say the spike in prices boils down to two things: winter weather and supply and demand. Millions of barrels of refining capacity have gone offline due to extreme cold in the South. The Keystone Pipeline wouldn't ha ve been completed until the first quarter of 2023 even if Biden hadn't revoked the permit.

 

[Raoul2]

Then let's just buy from Venezuela to really stir sh!t up.... Hell, under the Chavez regime, we could have had gas prices under $1 if we purchased from them....

No such thing as energy independence? There was a time (not under Obama or this administration as they shut it down) America was the largest exporter of clean burning coal besides what we use on our own here in the States. Does that not show independence that we can export that much clean burning coal and still use what is needed here? Before you begin to try to tell me about how coal works plus how bad it is for the environment, you better do your homework.

Yes, I’m sure “clean coal” is the wave of the future. 😂 😂 😂

 

[Raoul2]

Less than one-tenth of the Keystone XL segment of the Keystone system was complete when Biden revoked the permit. Experts say the spike in prices boils down to two things: winter weather and supply and demand. Millions of barrels of refining capacity have gone offline due to extreme cold in the South.

Plus it’s a red herring in that it wouldn’t have affected the oil price or gas prices in any meaningful way.

 

[KOWBOY88]

Wouldn't make a difference since that oil is already coming into the country by other means.

Not exactly true. Yes it’s coming by rail, gee I wonder who owns the railway systems that transport the oil . Hmmm o yea that would be Warren buffet the guy that donated 58 billion to Biden’s campaign. Buffet would loose millions if the pipeline was complete. By the way as far as environmental concerns pipelines are safer more efficient than using a fossil fuel railway

 

[central17]

Not exactly true. Yes it’s coming by rail, gee I wonder who owns the railway systems that transport the oil . Hmmm o yea that would be Warren buffet the guy that donated 58 billion to Biden’s campaign. Buffet would loose millions if the pipeline was complete. By the way as far as environmental concerns pipelines are safer more efficient than using a fossil fuel railway

Video of Raoul upon learning that democrat mega-donor Warren Buffett financially benefits from Biden's cancellation of the Keystone pipeline,

 

[Raoul2]

Not exactly true. Yes it’s coming by rail, gee I wonder who owns the railway systems that transport the oil . Hmmm o yea that would be Warren buffet the guy that donated 58 billion to Biden’s campaign. Buffet would loose millions if the pipeline was complete. By the way as far as environmental concerns pipelines are safer more efficient than using a fossil fuel railway

More paranoid conspiracies.

 

[dolcane]

1 million barrels per day for a temporary period of time would bring gas prices down. That's not a lot of oil when you consider the SPR has about 750n barrels stored up. If you were to use up 1 million a day for 30 days that could be replenished by my shale production.

He authorized 1 million barrels per day for 6 months. 180 million barrels. That’s 25% of our emergency reserve for a non emergency.

 

[cems52]

Another Brandon slight of hand ..
Another PR stunt solely for political purposes
The strategic oil reserves were created for National defense purposes, so that we had ready reserves in the case of a national emergency. It was never meant as a vehicle to smooth oil prices artificially
It’s very short term thinking, it’s like raiding your 401k to finance a vacation in Hawaii.
After this round of releases we will have spent 1/2 of our reserves
The real answer is to create long term energy supplies to address our needs , including Nuclear power , more drilling, clean coal technology, improves “ green “ sources etc
This is so Brandon
A stunt for PR purposes that can be spun by his minions ,as he blames others for his many failures

You should have posted this when Trump did the same thing.

 

[central17]

Hopefully both Red and Blue can agree that the Strategic Petroleum Reserve must stop being used by presidents as a political tool. I am assuming this article that say Trump did it too (NY Post) is true. If so another good reason for fresh faces running for president in 2024.

https://nypost.com/2022/03/31/trump-accuses-biden-of-emptying-us-oil-reserves/

 

[Raoul2]

He authorized 1 million barrels per day for 6 months. 180 million barrels. That’s 25% of our emergency reserve for a non emergency.

People not being able to pay their bills after a pandemic related down turn is pretty close to an emergency as it gets. Any relief at the pump will be welcomed.

 

[central17]

People not being able to pay their bills after a pandemic related down turn is pretty close to an emergency as it gets. Any relief at the pump will be welcomed.

Trusting the arsonist to put out the fire.

 

[soflbig-al1]

Not exactly true. Yes it’s coming by rail, gee I wonder who owns the railway systems that transport the oil . Hmmm o yea that would be Warren buffet the guy that donated 58 billion to Biden’s campaign. Buffet would loose millions if the pipeline was complete. By the way as far as environmental concerns pipelines are safer more efficient than using a fossil fuel railway

Kow- $58 billion seems like a sh--- load of money. Since you seemingly know all about this transaction, how exactly did that transaction take place? If I were Buffet, under your scenario, I would take the few millions lost and call it a day. If he could give $58 billion to Biden, is he still a player. Wow, $58 billion.

 

[cems52]

Hopefully both Red and Blue can agree that the Strategic Petroleum Reserve must stop being used by presidents as a political tool. I am assuming this article that say Trump did it too (NY Post) is true. If so another good reason for fresh faces running for president in 2024.

https://nypost.com/2022/03/31/trump-accuses-biden-of-emptying-us-oil-reserves/

Wow!! Can't believe you didn't defend a similar action by Trump.

 

[central17]

Wow!! Can't believe you didn't defend a similar action by Trump.

Right is right and wrong is wrong. Just calling it the way I see it.
Can't believe you are accepting the veracity of a NY Post article. LOL

 

[soflbig-al1]

Hopefully both Red and Blue can agree that the Strategic Petroleum Reserve must stop being used by presidents as a political tool. I am assuming this article that say Trump did it too (NY Post) is true. If so another good reason for fresh faces running for president in 2024.

https://nypost.com/2022/03/31/trump-accuses-biden-of-emptying-us-oil-reserves/

That is what I suggested earlier in the day. Biden is not running in 2024 and everyone knows Trump, once gets past his massive ego, won't be either. Any dem getting the nomination would beat Trump like a drum. You probably already suspect that.

 

[dolcane]

People not being able to pay their bills after a pandemic related down turn is pretty close to an emergency as it gets. Any relief at the pump will be welcomed.

It’s clearly a challenge, but hardly meets the conditions meant for establishing the reserves in the first place.

 

[cems52]

Right is right and wrong is wrong. Just calling it the way I see it.
Can't believe you are accepting the veracity of a NY Post article. LOL

Bro, I posted this info about Trump months ago and not from the NY Post. It's true!!

 

[cems52]

Not exactly true. Yes it’s coming by rail, gee I wonder who owns the railway systems that transport the oil . Hmmm o yea that would be Warren buffet the guy that donated 58 billion to Biden’s campaign. Buffet would loose millions if the pipeline was complete. By the way as far as environmental concerns pipelines are safer more efficient than using a fossil fuel railway

Are you that slow....$58 billion to a campaign? You might want to correct that.

 

[dolcane]

People not being able to pay their bills after a pandemic related down turn is pretty close to an emergency as it gets. Any relief at the pump will be welcomed.

From an article in USA Today:

“The 180 million barrel release would drop the reserve levels to 388 million barrels — the lowest level since 1984, according to GasBuddy petroleum analyst Patrick De Haan.”

 

[Raoul2]

From an article in USA Today:

“The 180 million barrel release would drop the reserve levels to 388 million barrels — the lowest level since 1984, according to GasBuddy petroleum analyst Patrick De Haan.”

Has there ever been a time since it was created i the 70s when we needed all 750 million barrels due to an emergency?

 

[miamimike]

Then let's just buy from Venezuela to really stir sh!t up.... Hell, under the Chavez regime, we could have had gas prices under $1 if we purchased from them....

No such thing as energy independence? There was a time (not under Obama or this administration as they shut it down) America was the largest exporter of clean burning coal besides what we use on our own here in the States. Does that not show independence that we can export that much clean burning coal and still use what is needed here? Before you begin to try to tell me about how coal works plus how bad it is for the environment, you better do your homework.

"clean burning coal" is an oxymoron! We need energy transition away from fossil fuels, not nice-sounding names to confuse people who don't know better.

 

[KOWBOY88]

Are you that slow....$58 billion to a campaign? You might want to correct that.

Naa I googled it saw a link that said he did so I quoted it without checking like all you libs do all day long and right on cue 3 comments in there it was “ what about trump?”
lol clowns

 

[cems52]

Naa I googled it saw a link that said he did so I quoted it without checking like all you libs do all day long and right on cue 3 comments in there it was “ what about trump?”
lol clowns

I caught another one of your lies. Just admit, you're either uninformed or too embarrassed to correct an obvious mistake?

 

[JmrCanes]

Another Brandon slight of hand ..
Another PR stunt solely for political purposes
The strategic oil reserves were created for National defense purposes, so that we had ready reserves in the case of a national emergency. It was never meant as a vehicle to smooth oil prices artificially
It’s very short term thinking, it’s like raiding your 401k to finance a vacation in Hawaii.
After this round of releases we will have spent 1/2 of our reserves
The real answer is to create long term energy supplies to address our needs , including Nuclear power , more drilling, clean coal technology, improves “ green “ sources etc
This is so Brandon
A stunt for PR purposes that can be spun by his minions ,as he blames others for his many failures

Let’s go Brandon.

 

[HJCane]

1 million barrels per day for a temporary period of time would bring gas prices down. That's not a lot of oil when you consider the SPR has about 750n barrels stored up. If you were to use up 1 million a day for 30 days that could be replenished by my shale production.

First it's dangerous as it is for EMERGENCY use only. It will have to be replenished so that will be costly because Trump filled them all the way up when oil was $20 or less per barrel. It is not a FIX for the situation merely window dressing and as I write oil is down .30 cents after dropping around 7% yesterday but it's still $100 per barrel. The FIX is to get off the necks of our Energy producers.