Posted on 11/23/2021 4:46:20 AM PST by conservative98
Energy market experts say an SPR release intended to rebalance supply and demand and lower oil prices would not necessarily work.
(Excerpt) Read more at cnbc.com ...
Flashback
Ought to be a way to have CNBC column on Trump up at the same time when CNBC column on Biden advocates the same device.
I would say this...if there were a shortage of oil, release of the reserve would be a reasonable answer. In this case, deregulating Biden’s system, and allowing US production...would trigger the lessening of the price within 30 to 60 days.
But in the midst of this...remember, Joe isn’t making the decisions...his handlers are. All of them have stocks and ‘shorts’ to their portfolios.
...ESPECIALLY if that oil is exported to our “old friend” CHINA!
Different physical laws applied when Trump was president. Down is now up, for example. Cars can float on sunlight. As long as we have a white hair-plugged president who can’t control his bodily functions in public, the economy doesn’t matter.
Hey Brandon, OPEN THE F-—ING PIPELINES, you moron.
Now CNBC 2 minutes ago...
U.S. to release oil from reserves in coordination with other countries to lower gas prices
PUBLISHED TUE, NOV 23 2021 7:10 AM EST
UPDATED 2 MIN AGO
“This is a well timed move to try and lower oil prices,” said John Kilduff, partner at Again Capital. “This added supply should help to bridge the production shortfall ahead of winter, especially if we get confirmation of meaningful supply, as well, from several of the major Asian consuming nations,” he added.
I’ll say it again. OFFER it to Cuba provided they get rid of the communists. Deliver as needed. It’ll last a long time and jump start their economy faster into the 1st world. We’ll need an economic TSAR. My choice would be Marco. ‘Executive’ OJT.
Throw in old cars sitting in our junkyards. . Ford Fiestas and Rangers especially. Lock the country into the US and to hell with countries that traded with them.
IIRC, President Trump filled it to the brim.
Maybe we should stop exporting oil...to China for one.
Once half the reserves are dumped, and the recession is still in full force (figure by late spring)...the value of this action is questionable. It’s just kicking the problem down the street and leaving Biden with another mess to clean up by fall of 2022.
It was mainly always discussed under the context of getting heating oil to northeastern homeowners. When it actually was done under a Democrat President, it was solely for the purpose of enriching pals of the administration and DNC. All sorts of ‘pals’ came out of the woodwork, formed oil companies and inserted themselves into the oil supply system as another seller middleman, adding more cost to the final product. They never even touched or handled a drop of oil. I remember reading about one of these pals operating out of an apartment in NYC.
If it fails to make a big difference it will be viewed as another Biden failure
Oil going to China I think is from Alaska....no pipeline from Canada
for Alaskin oil...Keystone was the answer I think..
Different physical laws applied when Trump was president. Down is now up, for example. Cars can float on sunlight. As long as we have a white hair-plugged president who can’t control his bodily functions in public, the economy doesn’t matter.
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It all depends on a steady supply of fairy dust for academia and the media. The supply is contingent of the exchange of SPR oil to the PLA for CCP made fairy dust.
It all started with Al Gore’s Reinventing Government, which meant turning over essential government functions to crony capitalists to bring the efficiencies of the private sector to thoroughly ripping off the people and giving little in return.
This new package going through reconciliation includes a massive amount of money to "change the climate" to what it should be. How stupid is that.
When this climate cra* hit the news with Gore as the spokes person, I remember Hillary saying that this effort was all about getting young people involved...and they did just that. Our schools are now telling our children how bad we are because we use gas and oil and wood to build homes, heat them, fill our gas tanks...etc etc. And the kids take it all in....without thinking of the alternatives. Just stupid!! There's some big bucks in that package for children as enviromnental police.
Yeah, the economy is not the issue, people! Freedom is not the issue, so stop your wrong-thinking! Climate change is the only thing you should worry about. That and white supremacy, cuz those white supremacists are everywhere and anywhere we tell you they are.
Yes Trump filled it up with cheap Saudi oil. Nothing like having a business man running the country.
Yep...seem to rememeber that, too. Funny how he became a millionaire 200 times over after he left office...
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