Don Posted March 31, 2022 Report Share Posted March 31, 2022 The federal oil reserves, kept for the nations and military use during emergencies is fixing ta get tapped according to president Biden... USA Today: Biden to release up to 180 million barrels of oil from reserve to drive down gas prices President Joe Biden has ordered the release of up to 180 million barrels of oil from the nation's emergency reserves over the next six months in a bid to provide relief to Americans from gas prices that have soared since Russia's invasion of Ukraine. Biden's order, announced Thursday, calls for the release of 1 million barrels of oil per day over the next six months from the Strategic Petroleum Reserve. The action will represent the largest release from the reserve in its nearly 50-year history. "This is a moment of consequence and peril for the world and pain at the pump for American families," Biden said. Gas prices at the pump have jumped by nearly $1 per gallon in the month since Russia's invasion of Ukraine and now average $4.20 per gallon, with even higher prices in some areas. The war means less Russian oil is getting to the market, and the reduction in supply is raising prices at the pump. apnews.com/article/business-ap-news-alert-biden-orders-release-of-oil Hopefully this will help keep the prices of not only vehicle fuel, but things like groceries likely to be hit by rising fuel prices from hurting too much in the coming months... Quote Link to comment Share on other sites More sharing options...
DonF Posted April 1, 2022 Report Share Posted April 1, 2022 unless we start holding oil companies accountable for price gouging it wont do much good Quote Link to comment Share on other sites More sharing options...
Don Posted April 2, 2022 Author Report Share Posted April 2, 2022 Of course there's a real, not imaginary difference between price gouging and making profit... I'll have to agree if there are actual instances of price gouging hold the oil companies accountable, if however if the oil companies are simply profiting - defined as: "obtaining financial advantage or benefit from an investment" which is the very definition of Capitalism and a Free Market economy then attempting to penalize American companies by restricting domestic production while increasing imports of the same substance from foreign nations then it makes absolutely no sense unless we call it what it is, purely punitive. It doesn't matter if the product comes from domestic sources or foreign sources, the pollution level when it is utilized will be the same - If we reduce the domestic environmental impact of obtaining the product, the environmental impact of obtaining that product still exists, just not here - If the product is produced domestically it is the domestic government and population that profits from that production - If the product is produced by a foreign nation that nation it is that nation's government and population who will profit - If the product is produced and delivered by a nation friendly to the U.S. the chances of that supply being interrupted is less - If the product is produced and delivered by a nation who has in the past or may tend in the future, show animosity to the U.S. that supply could be interrupted at any time - It's not rocket science nor does it take remarkable intelligence level to figure that out. My opinion of Biden and his administration restricting domestic production while attempting to make a deal with foreign nations - all of whom mentioned as Biden's current go-to sources - have in the past or are currently expressing animosity towards the U.S., is one of the most unwise and potentially disasters proposals I've ever witnessed. For a current events example, witness Russia threat and ability to cut off the oil and gas supplies to parts of Europe because Putin is unhappy with the sanctions placed on his nation after Russia invaded Ukraine. Quote Link to comment Share on other sites More sharing options...
Don Posted July 22, 2022 Author Report Share Posted July 22, 2022 There has been some commentary from Republicans and right leaning talking heads blaming president Biden for sales from the national Strategic Oil Reserves to overseas buyers, most notably China... However Ian Sams, a Biden White House spokesperson recently told FOX news; "when oil is released from the SPR, the U.S. Department of Energy is "required by law to sell it ‘in a competitive auction to the highest bidder,’ regardless of whether that bidder is a foreign company." which to my understanding is correct and factual... Those trying to blame Biden for selling oil to the Chinese would be better served to try to pass legislation to ensure domestic buyers are given preference over foreign interests instead of just complaining about something they're making no effort to change or improve. That being said, perhaps Biden's gamble with releasing oil from the SPR is finally having an effect as we see gas prices at the pumps decrease... On 3/31/2022 at 4:13 PM, Don said: Hopefully this will help keep the prices of not only vehicle fuel, but things like groceries likely to be hit by rising fuel prices from hurting too much in the coming months... Quote Link to comment Share on other sites More sharing options...
Don Posted October 5, 2022 Author Report Share Posted October 5, 2022 Once Again President Biden plans to release 10 Million barrels of oil from Emergency Strategic Petroleum Reserve over the next few months as OPEC announces plans to scale back production which will probably push prices higher. Gasoline at the pumps of course, groceries and goods transported by vehicles using fuel from those pumps certainly. Appliances, medicines and all sorts of goods made with petroleum products most probably. NY Times: Biden Releases More Oil From Reserves and Pushes Producers to Keep Up Production U.S. officials have been in talks with oil-producing countries in an effort to prevent global oil prices from rising sharply. https://www.nytimes.com/2022/10/05/us/politics/biden-oil-opec.html Previously when president Biden released oil from the Emergency Strategic Petroleum Reserves not only did the price of goods and fuel still rise, with the exception of a week or two where we saw fuel prices fall, foreign operators took advantage of the release and bought oil from our national reserves at cut-rate prices... As far as I know there haven't been any safeguards put in place to keep that from happening again so just based on experience I expect to see more of the same. Inflation, the high costs of fuel and goods seems to be some of the things most Americans have pegged as primary in their lists of concerns topping even climate change and abortion rights, so it seems understandable Biden and his party are scrambling to try to get a handle on things... unfortunately by doing more of the same that didn't seem to work previously. With all of that in mind I'm wondering how much the country will have remaining in the Strategic Petroleum Reserves and how or when it will be replenished if... powers forfend, the nation actually needs to call on them for the purposes for which they were intended? Quote Link to comment Share on other sites More sharing options...
DonF Posted October 5, 2022 Report Share Posted October 5, 2022 yes fuel prices continued to rise and china bought most of the released oil reserves as they were the winning bider and Bidens hands were tied yet as previously discussed the reason for the rise was the deal trump made with russia and the Saudi's to cut production to raise gas prices a deal that didnt run out until july or there abouts Nor do your posts explain why prices remained higher than they had when crude prices were more than twice as high as the examples I posted confirmed You completely ignored the price gouging of the oil companies and still do , even though they increased their profits well over 100% and set new records you also ignored when fuel prices dropped for 75 days straight Just as you've ignored that bidens issued more oil leases than trump did during his term So basically you are attempting once again to blame biden for fuel prices he doesnt control , the oil companies do Quote Link to comment Share on other sites More sharing options...
DonF Posted October 6, 2022 Report Share Posted October 6, 2022 Actually I tend to wonder what top secret document trump traded at the golf tourney to get Opec to cut production and help Russia just in time for the midterms we Know Trump and the GOP arent above asking foreign governments for help in elections after all they did so in the last three Quote Link to comment Share on other sites More sharing options...
Kansan Posted October 6, 2022 Report Share Posted October 6, 2022 Quote Link to comment Share on other sites More sharing options...
Don Posted October 6, 2022 Author Report Share Posted October 6, 2022 On 10/5/2022 at 2:48 PM, DonF said: yes fuel prices continued to rise and china bought most of the released oil reserves as they were the winning bider and Bidens hands were tied yet as previously discussed the reason for the rise was the deal trump made with russia and the Saudi's... Okay when Biden released the first 180 million barrels of oil from the Strategic Oil Reserves, the president may not have been aware of the fact that the oil goes to the highest bidder regardless of who they are... but months after the first release, with full knowledge foreign powers can purchase the oil because of the terms of the regulations connected to that release and with no effort to alter or change those regulations president Biden decides to release another 10 million barrels of oil knowing the same is likely to happen again? Yeah, you can't blame Trump for that... Biden owns this one 100% The expected attempt lame TDS inspired; 'Blame Trump' deflection aside, Trump had nothing to do with Biden's decision for the first release of America's Strategic Oil Reserves and he certainly has nothing to do with this second decision to do the same thing with full knowledge there are no safeguards in place to keep foreign actors from purchasing the oil... again. Seems to me someone is desperately attempting to grasp at straws and once again coming up empty. On 10/5/2022 at 2:48 PM, DonF said: You completely ignored the price gouging of the oil companies and still do ,... I have never ignored the oil companies "profit taking"... which you incorrectly attempt to identify is "price gouging". Price gouging is an illegal act that can get charges brought against the perpetrators. What the oil companies are doing is not price gouging and that's why no one has brought criminal charges against them even though some Democrats in Congress have repeatedly said they intend to do so... You can't punish a person for breaking the law - if they never broke the law - I know an unfortunate reality for many leftist and progressives out there, but it is what it is. and as I've already explained numerous times as Biden and his administration have repeatedly restricted oil and gas companies from being able to open more profitable production sites and have increased the fees those companies have to pay just to retrieve their product. No oil or gas company is going to be willing to pump from sites where the cost of procuring the goods will cost more than they can charge for it, so yes, some sites set idle, but with good reason. On 10/5/2022 at 2:48 PM, DonF said: you also ignored when fuel prices dropped for 75 days straight Actually according to what the New York Times claims gas prices dropped for 91 consecutive days, not 75 days... but according to the NYT article that's not necessarily good news. What so many people also fail to mention is even with the drop in prices gas prices, gasoline prices at the pump the national average prices were still higher than they were when Trump was president, energy prices have also risen and continue to do so. Heating fuel prices are expected to be higher than they have been for decades and if as predicted, the Winter turns out to be particularly harsh limited supply may drive prices even higher. I previously posted I wouldn't comment on the rising gasoline prices until they rose above $3 a gallon and stayed there for a significant time - Likewise I didn't see the need to comment on, or celebrate gas prices dropping since I suspected the decline would just be temporary, which it obviously has been. Interesting how former president Trump appeared to have what it takes to keep domestic gasoline prices below $3 a gallon for his entire presidency and our current president, Joe Biden doesn't seem to be able to do the same thing, or anything close, despite repeatedly tapping into our nation's Emergency Strategic Petroleum Reserves, his months of conversations with the Saudis, Venezuela, Iran and even our own domestic producers. On 10/5/2022 at 2:48 PM, DonF said: Just as you've ignored that bidens issued more oil leases than trump did during his term When Biden came into office there were more oil leases approved, but what so many fail to mention is most of those applications were submitted before Biden took office, Biden just rubber stamped them... Then he sharpened his Executive Action pencil and raised royalty and related fees petroleum companies are charged, began revoking and suspending new lease applications, shutting down pipelines (I believe 5 in addition to the Keystone XL line) and all while to bad mouthing the oil and gas industry. What also is rarely mentioned is a point I brought up recently, few are going to be interested in investing in or financially supporting an industry the president and members of his administration have repeatedly vilified and threatened to end... When Trump was president the unofficial oil and gas industry motto used to be "drill baby, drill" and the nation had a semblance of energy independence... Now once again the nation appears to be intimately dependent on foreign oil and gas imports because the domestic oil and gas industry refuses to invest much time or money into an industry the president and his people have repeatedly said needs to be shut down. People can keep trying to deny we are currently in a situation of the Biden administration's own making... but I suppose some, like those people who attempt to blame Trump, the oil companies, Republicans or whoever else but the actual author(s) of this fiasco, don't mind when it's pointed out they're wrong... Quote Link to comment Share on other sites More sharing options...
Don Posted October 7, 2022 Author Report Share Posted October 7, 2022 Quote Link to comment Share on other sites More sharing options...
Don Posted October 10, 2022 Author Report Share Posted October 10, 2022 On 10/5/2022 at 2:48 PM, DonF said: You completely ignored the price gouging of the oil companies... I found this interesting, According to the San Diego Union Tribune: last week a federal judge in San Diego, (appointed by Joe Biden no less) dismissed a class-action lawsuit that accused major oil companies of colluding to keep fuel costs artificially high. The judge wrote in her 103-page ruling; “Antitrust wrongdoing consists of concerted action pursuant to an illegal agreement, not independent profit-maximizing actions based on market conditions,” The decision, which affirmed a tentative ruling handed down ahead of the February hearing, comes as the average fuel price in San Diego has risen to a record $6.42 per gallon. Last week, the area’s average cost for a gallon of gas was up about 3 cents since Monday, 52 cents over the past week and $1.18 in the past month, according to the running AAA analysis of nationwide fuel costs. https://www.sandiegouniontribune.com/news/watchdog/story/2022-10-05/gas-prices-price-fixing-lawsuit-dismissed Seems like I'm not the only one who recognizes the difference between actual anti-trust, price gouging and simple profit taking... Quote Link to comment Share on other sites More sharing options...
DonF Posted October 11, 2022 Report Share Posted October 11, 2022 there are laqws against price fixing and that is exactly what oil companies do there are also laws against monopolies Quote Link to comment Share on other sites More sharing options...
DonF Posted October 11, 2022 Report Share Posted October 11, 2022 The US is the worlds largest oil producer as well as the worlds largest exporter of oil so how do we fix these so called oil crisis's , thats easy we tax the hell out of oil exports Quote Link to comment Share on other sites More sharing options...
Don Posted October 11, 2022 Author Report Share Posted October 11, 2022 14 hours ago, DonF said: there are laqws against price fixing and that is exactly what oil companies do there are also laws against monopolies A monopoly is typically defined as a business that is characterized by a lack of competition within a market and unavailable substitutes for its product. Since there are dozens if not hundreds of different oil and gas companies and they all appear to compete for customers I'd have to conclude your suggestion there is an oil company monopoly is …inaccurate... at best ~ On 10/9/2022 at 11:55 PM, Don said: The judge wrote in her 103-page ruling; “Antitrust wrongdoing consists of concerted action pursuant to an illegal agreement, not independent profit-maximizing actions based on market conditions,” So you and the judge disagree... noted, but just because you disagree with someone doesn't automatically make what they believe wrong and what you believe right... Since there is no evidence of collusion... any agreement, between the hundreds/thousands of different oil companies to contrive to artificially inflate the price of their product, there is no validity in the allegation of illegal price gouging, price fixing or whatever you want to call it next, -vs- perfectly legal profit taking... I've been saying the same throughout our numerous discussions on this topic and of course you've persistently disagreed... But then: You've persistently falsely referred to people who have not been charged or convicted of terrorism as "terrorists"... You've persistently falsely referred to people who have not been charged of convicted treason as "traitors"... You've persistently falsely referred to people as "criminals" when there have been no criminal charges brought against them... You've persistently falsely accused people with whom you disagree as; homophobes, xenophobes, islamophobes, racists, nazis, fascists, etc. when there is no evidence a person is actually any of those things... Here you indicate the oil companies are guilty of "price gouging" and "price fixing", which is fine - but according to a district federal judge appointed by president Biden there is no evidence the thousands of independently owned oil companies are engaged in "price gouging", "price fixing", "anti-trust market manipulation", and according to a widely accepted definition of a business monopoly, suggesting the thousands of independently owned and operated oil companies consists of a monopoly is - inaccurate. It is okay for you to have an opinion on all these things - even when you appear to be wrong... but I don't think it's okay for you to attempt to deride, verbally chastise or vilify someone, simply because they have a difference of opinion. 1 hour ago, DonF said: The US is the worlds largest oil producer as well as the worlds largest exporter of oil so how do we fix these so called oil crisis's , thats easy we tax the hell out of oil exports Actually if you check the facts, I believe OPEC is recognized as the world's largest oil producer and Saudi Arabia is the world's largest oil exporter... at least according to the internet... the United States is often considered the country which produces the most oil but your statement as written is... inaccurate. My question would be what is there to fix? A candy bar that used to cost a nickel in the past now costs a dollar... why because the components and related costs to produce that candy bar has increased so the price goes up. Likewise if the demand for a product increases, producers often - and legally - increase the price of that product to maximize their profits. I'm no more happy with the high price of gasoline and goods that have seen an increase in cost because of the higher cost of transportation fuel than anyone else, but I'm smart enough to recognize the way to get a favorable reaction from someone is usually not by slapping them around with more regulations, larger fees and royalties, verbally taunting and vilifying them and threatening to end them... Which is exactly what Biden, et al have been doing since before Joe was elected. And apparently you and some others seem to think the way to solve the problem, is by doubling down on what caused the problem in the first place... Quote Link to comment Share on other sites More sharing options...
Don Posted October 11, 2022 Author Report Share Posted October 11, 2022 Forbes: The Strategic Petroleum Reserve Is At Its Lowest Level Since 1984 In December 1975, with memories of gas lines fresh on the minds of Americans as a result of the 1973 OPEC oil embargo, Congress established the Strategic Petroleum Reserve (SPR). The law was designed “to reduce the impact of severe energy supply interruptions” such as that caused by the embargo. Over time the U.S. government began to fill the reserve. At its high point in 2010, the level reach 726.6 million barrels. Since December 1984, the level has never been lower than 450 million barrels — until now. On March 31, 2022 — in an attempt to fight higher oil and gasoline prices — President Biden announced the release of one million barrels of crude oil a day for six months from the SPR. I remember when I first heard about it, I thought “Wow. That’s a lot.” In fact, I noted in interviews at the time that this level of release would likely help stem oil prices — at the risk of depleting our insurance policy in case of a supply disruption. Consider that with the U.S. producing 12 million BPD, an extra one million BPD pushes total U.S. “supply” (which isn’t sustainable, because it relies on depleting the SPR) back up to the all-time pre-Covid high of 13 million BPD. Politics of the SPR Ultimately, drawing down the SPR was a political decision. Think about it. An administration that has frequently emphasized the importance of reducing carbon emissions is trying to increase oil supplies to bring down rising oil prices — which will in turn help keep demand (and carbon emissions) high. President Biden’s gamble to deplete the SPR in order to fight high oil prices may not hurt him at all. Of course, if for some reason we had a true supply emergency and found ourselves needing that oil, it would be looked upon as a terrible decision. https://www.forbes.com/sites/rrapier/2022/09/07/the-strategic-petroleum-reserve-is-at-its-lowest-level-since-1984/?sh=2602df9f77c7 Well, reality has set in and we've discovered there was about three months of lower gas prices at the pump after Biden's decision to release a million barrels of oil a day from the Strategic Petroleum Reserves... and after that brief respite gas prices at the pump are once again rising quickly... And without proper consideration and safeguards, we also learned releasing oil from the SPR opens up the sale of that petroleum to foreign markets... even markets unfriendly and hostile to the United States... I light of president Biden's previous 'success'... with releasing a million gallons of oil a day for six months from the SPR, president Biden has again decided to tap the Strategic Petroleum Reserves for another ten million barrels... On 10/5/2022 at 2:13 PM, Don said: NY Times: Biden Releases More Oil From Reserves and Pushes Producers to Keep Up Production U.S. officials have been in talks with oil-producing countries in an effort to prevent global oil prices from rising sharply. https://www.nytimes.com/2022/10/05/us/politics/biden-oil-opec.html Quote Link to comment Share on other sites More sharing options...
DonF Posted October 12, 2022 Report Share Posted October 12, 2022 not in the last 4 years saudis produce heavy sour crude , the US produces more sweet crude which most other countries want which is why we export our oil because it brings a higher price than the saudi oil So oil companies in the states make million in profits by sell ours high and buying saudis low every day tax oil exports and keep the good oil here Quote Link to comment Share on other sites More sharing options...
Don Posted October 17, 2022 Author Report Share Posted October 17, 2022 So... After president Biden asked the Saudis to champion his request for OPEC to increase production to assist with historically high gas prices in America - and the Saudis turned him down flat announcing instead the OPEC nations intend to being about a production decrease in an attempt to keep oil prices higher, president Biden again approached the Saudis and ask them to delay the production decrease until after November and again the Saudis not only refused, but released a statement saying they believe Biden wanted to delay the production decrease to give his administration and his political party a more favorable opinion with American voters... Of course in what I consider a typical leftist response White House Press Secretary shared the opinion that it appears as though the Saudis have aligned their energy policies with Russia... White House Press Secretary Karine Jean-Pierre - "and as I said last week when OPEC made the decision to align their energy policy with Russia and their war and war aims and against the American people further underscores that reasoning..." Radio France International: Washington has accused OPEC+ of aligning itself with Moscow and on Wednesday president Joe Biden threatened "consequences" for Saudi Arabia And it appears as though the Biden administration claiming OPEC is willingly aligning itself with Russia's war efforts in Ukraine may even have backfired... Reuters: OPEC+ members line up to endorse output cut after U.S. coercion claim CAIRO Oct 16 - OPEC+ member states lined up on Sunday to endorse the steep production cut agreed this month after the White House, stepping up a war of words with Saudi Arabia, accused Riyadh of coercing some other nations into supporting the move. The United States noted on Thursday that the cut would boost Russia's foreign earnings and suggested it had been engineered for political reasons by Saudi Arabia, which on Sunday denied it was supporting Moscow in its invasion of Ukraine. For me this seems to be what I think of as typical leftist/progressive tactics... if anyone refuses to go along with what you tell them to do, attempt to marginalize and attack them with allegations of heinous things - even if they aren't true... Which in this case seems self evident. That with incontrovertible evidence that instead of aligning themselves with Russia, Saudi Arabia seems to be supporting the efforts of Ukraine in their war against Russia... Kyiv Post: Saudi Arabia to Allocate $400M for Humanitarian Aid to Ukraine It seems clear to me that Saudi Arabia is not in fact allying with Russia against Ukraine and the American people and this appears to be just another feeble and false progressive attack against those they see as uncooperative in their plans to have things go their way. Quote Link to comment Share on other sites More sharing options...
Don Posted October 17, 2022 Author Report Share Posted October 17, 2022 October 11, 2022 Sen. Moran Calls on President Biden to Stop Depleting Strategic Petroleum Reserve, Unleash American Energy U.S. Senator Jerry Moran (Kan.) today urged President Biden to stop depleting the Strategic Petroleum Reserve (SPR), which is at its lowest point in four decades, and unleash American energy production. “Given that the United States consumes nearly twenty million barrels of oil per day, the recent decision to release another ten million barrels from the SPR is not only reckless, but it will have a minimal effect on lowering prices at the pump,” wrote Sen. Moran. “Draining our emergency supplies is a short-sighted and dangerous choice that imperils our energy security at a critical time of global uncertainty.” “The concerning announcement by the Organization of the Petroleum Exporting Countries (OPEC) to reduce oil production underlines the importance of American energy independence,” continued. Sen. Moran. “The United States can no longer stand by as OPEC continues to consolidate power over the world’s energy markets. Now is the time to unleash the domestic oil and gas industry to lower prices, support American jobs, and decrease our persistent reliance on adversaries for our energy.” https://www.moran.senate.gov/10.11.22---moran-letter-to-biden.pdf Quote Link to comment Share on other sites More sharing options...
DonF Posted October 18, 2022 Report Share Posted October 18, 2022 Senator Moron needs to keep his traitors mouth shut , As for the Saudis choosing to cut production as I said before I wonder which classified documents that cost during the terrorist golf tourney Its interesting to see how Fox entertainment (they cant really be called news legally) washington examiner and other right wing manure factories defending and supporting Russia and the saudi's cutting production . which wouldnt effect us at all if oil companies in the states had converted or even built a couple new refineries to refine out clearer sweet crude , which also produces far less toxic waste than the imported sour crude from russia and the saudi's . Im sure next will will bring up the warning made by the saudi king or prince or what every the loud mouth is that admitted to being Jahdists , though no one thats paid attention for the last 50 years is surprised considering the saudi's have long been funding terrorism against the US . frankly biden should cut off all military support and transfer any military equipment shipment that were to go to the saudi's to Isael Quote Link to comment Share on other sites More sharing options...
Don Posted October 18, 2022 Author Report Share Posted October 18, 2022 2 hours ago, DonF said: which wouldnt effect us at all if oil companies in the states had converted or even built a couple new refineries to refine out clearer sweet crude That might be a valid point... IF the oil companies could build refineries without first having to get permission from the federal government (that means the Biden administration) first to do so. New refineries are unlikely to be built in the United States due to daunting environmental standards and policies that the Biden administration has been implementing to reduce petroleum product consumption in the future. Shockingly high prices for energy is the outgrowth of those policies. https://www.instituteforenergyresearch.org/fossil-fuels/gas-and-oil/will-any-new-refineries-be-built-in-the-united-states/ https://www.govinfo.gov/content/pkg/CHRG-109shrg31099/html/CHRG-109shrg31099.htm You're still trying (unsuccessfully) to blame oil companies for something that's the federal government's fault. 2 hours ago, DonF said: Im sure next will will bring up the warning made by the saudi king or prince or what every the loud mouth is that admitted to being Jahdists So a Saudi prince declared if anyone seriously threatens his country, Saudi Arabia would be willing to go to war to protect themselves... Tell me, don't you think someone in our government would say the same kind of thing if a foreign power seriously threatened the United States? Don't you think our nation's leaders would be willing to defend itself and confront any hostile acts against the United States or our over seas interests? Actually you don't even have to answer that, we have a full clearly documented history of the United States doing just that for decades. 2 hours ago, DonF said: frankly biden should cut off all military support and transfer any military equipment shipment that were to go to the saudi's to Isael So if the Biden and the U.S. cut off arms sales to the Saudis what... you think the emirate would just wring their hands and bemoan being unable to buy weapons from America? Get real... If Saudi Arabia couldn't buy weapons from the United States, they be buying them from China, Russia or some other nation and instead of being beholding to us here in the U.S. they'd be beholding to some other foreign power... the one that was willing to sell them military equipment to protect themselves and their overseas interests. Quote Link to comment Share on other sites More sharing options...
DonF Posted October 19, 2022 Report Share Posted October 19, 2022 If oil companies had wanted to build new refineries or even refit existing refineries they would have done so , but they dont want to because as it stands if theres a hrricane in the golf they can shut down production and raise prices , or they can simply shut one refinery down claiming repair or switch over to winter/summer grade and raise the price . The limited number of refineries is to maintain the oil industries monopoly and price fixing ability Now you might be foolish enough to believe other wise , you do tend to be easily lead by frauds and criminals but some of us can run the numbers and have watched this farce since nixon deregulated the oil industry a mistake which has lead to numerous economic down turns every since . Kinda strange how we didnt have a recession or inflation every two years , or an energy crisis every two years before deregulating the energy industries and the stock markets . More of those conservative policies on display Liberal policies gave us the world strongest and most stable economy in the world from the late 1930s to the 1970s Quote Link to comment Share on other sites More sharing options...
Don Posted October 19, 2022 Author Report Share Posted October 19, 2022 14 hours ago, DonF said: if oil companies had wanted to build new refineries or even refit existing refineries they would have done so It seems you either missed or completely ignored the part where oil companies can do neither, until they have government permission... Besides, what industry is going to be willing to invest millions of dollars in upgrading a facility when Biden and so many in his party have said from day one they intend to "shut them down"... Even before Biden was elected president, Joe indicated he intended to "close down the oil industry"... “Would you close down the oil industry?” the president {Trump} asked. Biden, normally a disciplined speaker, took the bait. “I would transition from the oil industry, yes,” Biden said. This response even seemed to perplex the debate moderator, who asked Biden, “Why would you do that?” “The oil industry pollutes significantly,” he continued. “It has to be replaced by renewable energy over time.” Here's another irrefutable example of Biden promising to end the fossil fuel industry... So again what industry, what investor would be interested in spending millions of dollars to construct new refineries or even spend a lot to upgrade existing facilities when the president and this administration have stated repeatedly they intend to shut them down as soon as they can? Your assertion is dubious at best and doesn't even make sense in the light of unbiased reality. Quote Link to comment Share on other sites More sharing options...
DonF Posted October 19, 2022 Report Share Posted October 19, 2022 what you ignore is that Oil companies could build new refineries if they would They use the excuse they would have to get permits , well guess what you have to get permits and build to code if you are building a house too , You have to have an approved septic system so your crap does polute your neighbors . thats basically the requirement or a new refinery, you arent allowed to pollute , oil companies hate having to clean up their own messes look at the valdies spill they still havent paid the damages for clean up and that was decades ago . They damn sure could get permits to build but they dont want to actually follow the rules Quote Link to comment Share on other sites More sharing options...
Don Posted October 27, 2022 Author Report Share Posted October 27, 2022 As to the matter of most efficient method of energy production the German government has authorized the dismantling of three wind energy platforms to allow for the expansion of lignite coal mining to power coal powered powerplants... Each of the three wind power platforms scheduled to be dismantled generates about 1-2 MW of power a day, whereas the coal from the mines will be going to to three coal fired power plants, each of will be capable of generating 300 megawatts (MW) a day, the German energy company admits this is an admittedly "paradoxical move" but stated the current energy crisis requires the prioritization of energy security over clean energy in Europe’s biggest economy. Oil Price: Germany Is Dismantling A Wind Farm To Make Way For A Coal Mine A wind farm is being dismantled in western Germany to make way for an expansion of an open-pit lignite coal mine in a “paradoxical” situation highlighting the current prioritization of energy security over clean energy in Europe’s biggest economy. The dismantling of at least one wind turbine at the wind farm close to the German coal mine Garzweiler, operated by energy giant RWE, has already started. RWE says... oilprice.com/Latest-Energy-News/World-News/Germany-Is-Dismantling-A-Wind-Farm-To-Make-Way-For-A-Coal-Mine Quote Link to comment Share on other sites More sharing options...
Don Posted October 28, 2022 Author Report Share Posted October 28, 2022 From what I've been hearing, people may want to consider completing their holiday shopping early, and stocking up on some nonperishable necessities because there could be; "the mother of all supply chain issues" around the corner. I'm not saying anything is definitely going to happen - but to me it looks highly likely and I for one plan to be adequately prepared, just in case... The United States started the Strategic Petroleum Reserve in 1975 to mitigate future supply disruptions as part of the international Agreement on an International Energy Program, after oil supplies were interrupted during the 1973–1974 oil embargo. The U.S. Strategic Petroleum Reserve (SPR), the world's largest supply of emergency crude oil was established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program. Underground tanks in Louisiana and Texas have capacity for 714 million barrels of oil, but for the past couple of years the capacity has been maintained at around 405 million barrels... petroleum for the nation to call on in the event of war, supply disruption or national disaster. In March of 2022 president Biden announced he intended to release up to 180 million barrels of oil from the Strategic Petroleum Reserves to help drive down domestic gas prices, which seemed to work for a couple of months, then the price of vehicle fuel at the pumps began to go up again causing president Biden to announce another release of 15 million barrels oil from the SPR in October... Reuters: (October 27, 2022) U.S. diesel shortage increasingly likely until economy slows U.S. diesel supplies are becoming critically low with shortages and price spikes likely to occur in the next six months unless and until the economy and fuel consumption slow. Stocks of diesel and other distillate fuel oils were just 106 million barrels on Oct. 21, the lowest for the time of year since the U.S. Energy Information Administration (EIA) started collecting weekly data in 1982. https://www.reuters.com/business/energy/us-diesel-shortage-increasingly-likely-until-economy-slows-kemp-2022-10-27/ Newsweek: Diesel Shortage Update as Prices Skyrocket Over Fears Supply Could Run Out newsweek.com/us-only-has-just-days-diesel-left-before-supply-runs-out Bloomberg: The US Diesel Crisis Is Here and It's Spreading Along the East Coast Diesel Supply of Just 25 Days Poses Problem for Biden Biden administration calls diesel supplies ‘unacceptably low’ - Retail prices have been rising for more than two weeks Prices spike in areas with delivery delays and truck shortage -Supplier requires 72-hr notice for fuel delivery in Southeast bloomberg.com/news/articles/2022-10-25/the-us-diesel-shortage-is-rapidly-devolving-one-supplier-says bloomberg.com/news/articles/2022-10-19/a-25-day-diesel-supply-and-surging-demand-are-a-worry-for-biden USA Today: Diesel supply dwindles, with few ways to boost it. How this affects the economy and you. usatoday.com/story/money/economy/2022/10/25/dwindling-us-diesel-supply-keep-inflation-heating-bills-high Quote Link to comment Share on other sites More sharing options...
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