Sorta, now prices will rise at a slow and steady pace - $100 oil here we come. The saudi's really slapped biden around - he gets zero respect from anyone, sad for america.
they knew about it last week. Soon as the news gets out prices change.
Sorta, now prices will rise at a slow and steady pace - $100 oil here we come. The saudi's really slapped biden around - he gets zero respect from anyone, sad for america.
Africa abandoning europe and tilting to mother russia.
Nobody Pays Attention To Anything That Biden Says.
OPEC+ agrees deep cuts to oil production despite U.S. pressure
There comes a time when nations get tired of being bullied, that time is now - the whole world see's that we are a nation in decline, then you toss in the fact Biden is an embarrassment, and only the most compliant states will do our bidding.Nobody Pays Attention To Anything That Biden Says.
OPEC+ agrees deep cuts to oil production despite U.S. pressure
There comes a time when nations get tired of being bullied, that time is now - the whole world see's that we are a nation in decline, then you toss in the fact Biden is an embarrassment, and only the most compliant states will do our bidding.
I'd like to see them fly one right over japan and then right over hawaii. have it land 100 miles past it.Even Rocket Man's Testing Out The Weak Leader Of Our Country.
More Nations Will Begin To Expose This Incapable Mannequin.
North Korea fires ballistic missile over Japan
North Korea has fired a ballistic missile over Japan, in what appears to be a deliberate escalation to get the attention of Tokyo and Washington.
The missile travelled 4,500km (2,800 miles) before falling into the Pacific Ocean - far enough to hit the US island of Guam if it took another trajectory.
It is the North's first missile launch over Japan since 2017. Japan issued an alert to some citizens to take cover.
After today's total humiliation, and after yesterday saying that they would stop drawing down the SPR, they just announced another 10 million bbl's will be sold off from our petroleum reserve. Total desperation.
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Just imagine what prices will be when they buy the oil to fill those reserves back up.
This administration is decimating the country.
The threats and bullying are backfiring...
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they usually meet every month - after US threats they spit in Biden's face again.
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Saudi oil minister wont even talk to western reporter, they hate the west and with good reason.
I was watching a YouTube video on this issue today, and there were several hundred comments on it.Just imagine what prices will be when they buy the oil to fill those reserves back up.
This administration is decimating the country.
Why do they even say crap like this? What are they going to do when china deliberately flies closer? the answer is nothing but whine.Taiwan Will Treat China Flights Into Airspace as ‘First Strike’
- Taipei warns against incursions into 12-nautical-mile zone
- Latest attempt to deter Beijing’s military pressure campaign
Why do they even say crap like this? What are they going to do when china deliberately flies closer? the answer is nothing but whine.
What's going on, Herschel was like 2 days ago - we've moved on.
The US has shrinking options to respond to Saudi-Russian oil output cuts via further releases from its Strategic Petroleum Reserve.
The other side should use that as a campaign slogan“They don’t know that I have this food service company; I have a drapery company and I supervise six hospitals around the United States,” he said.
But the reason not many people know about Walker supervising hospitals around the country is because it doesn’t appear that he ever did. It’s part of a pattern by Walker where he embellishes his business record and misstates facts about his personal history.
The point is the petroleum reserve is for emergencies, the fact that the democrats are in danger of losing power is not an emergency.The US has shrinking options to respond to Saudi-Russian oil output cuts via further releases from its Strategic Petroleum Reserve.
In any battle, fighting OPEC+ flow with a stock that’s by nature finite is a losing proposition. But that’s compounded by short-sighted policies over several administrations, both Democrats and Republican, that now are tying the hands of the White House.
US President Joe Biden can still release extra oil from the SPR — and I expect him to do so in response to the Riyadh-Moscow oil axis. But the amount would be smaller than this year’s, which since early June has averaged about 850,000 barrels per day.
Due to those SPR releases, the reserve has shrunk significantly. As of last week, it contained 416 million barrels, the lowest amount since July 1984. By the time the White House completes the current round of releases, probably in early December, the reserve will have fallen to about 380 million barrels.
In theory, what’s left is enough for another large release — as big as the 200-plus million barrels of 2022 — that would still leave plenty inside the SPR for a future emergency. But the numbers are deceiving.
Everyone in Washington has used the reserve as an ATM to pay for future budgetary spending: millions of barrels are already earmarked for sale by federal law. Since 2015, Congress has enacted eight laws mandating the sale of up to 359 million barrels until 2031. To date, 93 million barrels have been sold, leaving another 266 million to be sold, according to the US Congressional Research Service.
And that’s when the math gets less forgiving. Subtracting presold oil from the 380 million barrels the SPR would have by year’s end leaves just 144 million barrels for emergency releases.
Even if the White House was to release all of it during 2023, it would equal less than 400,000 barrels per day, or half of the 2022 release. Of course, Washington can sell more — but if it does, big buying looms from 2024 to cover what’s presold. The White House has a final — and small — bullet.
The point is the petroleum reserve is for emergencies, the fact that the democrats are in danger of losing power is not an emergency.
Every single thing Biden has done as president has hurt the long term prospects of the country.
Biden's decision to sell our strategic petroleum reserve for political benefit will likely be an article of impeachment.emergency could be texas (on it's own grid ) cause of the bad weather or storm into NO area. there Is about 24 days left of spr. Rolling the dice here... the problem of oil is in the refining . Oil lost about 4 refineries in the last few years. Saudi and russia know this. The oil companies won't build more refineries. There is way over 100 refineries . The are probably using it for derivatives
Biden's decision to sell our strategic petroleum reserve for political benefit will likely be an article of impeachment.
Did you see his idiotic comment to some guy in FL yesterday? He was heard saying "you dont fuck with a biden", 32 days till his fate is sealed. His own party will abandon him.