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Started By
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re: Oil Price Article: Why OPEC+ Didn’t Respond To U.S. Calls For More Oil
Posted on 12/29/21 at 12:32 pm to WildTchoupitoulas
Posted on 12/29/21 at 12:32 pm to WildTchoupitoulas
quote:
I don't think a lot of people on this board realize that when oil futures went negative last year, it wasn't necessarily a good thing.
I do nothing but laugh at the idiots who repost Facebook memes showing $1.43/gallon gasoline signs from last Spring and trying to use it as some sort of measure as to how great Donald Trump was compared to Joe Biden.
Gasoline was $1.43/gal because hardly anyone was driving or flying and a good bit of economic commerce had been shut down.
2
Posted on 12/29/21 at 12:45 pm to ragincajun03
You know he’s right.
Posted on 12/29/21 at 12:47 pm to ragincajun03
quote:
was compared to Joe Biden.
Because Biden is shutting down current production and asking foreign entities to provide the oil.
Its really dumb and worthy of heavy criticism. Its only to placate the far left enviros, who have no clue how economics work.
Posted on 12/29/21 at 1:24 pm to ragincajun03
Wasn’t meant to be taken literal.
Posted on 12/29/21 at 1:26 pm to RogerTheShrubber
I'm not disagreeing that Trump's energy policy was better for America than Biden's.
I'm merely pointing out the stupidity/ignorance of many on the conservative side who have used the $1.43/gal gasoline reference as the talking point for the argument.
I'm merely pointing out the stupidity/ignorance of many on the conservative side who have used the $1.43/gal gasoline reference as the talking point for the argument.
Posted on 12/29/21 at 1:31 pm to ragincajun03
I’m with Roger, why shut down Most of our production just to turnaround and have to ask for help?
Posted on 12/29/21 at 1:48 pm to LZ83
I doubt OPEC will even consider a production increase until oil hits $100 again
Posted on 12/29/21 at 1:50 pm to evil cockroach
Very likely scenario
Posted on 12/29/21 at 1:58 pm to evil cockroach
quote:
I doubt OPEC will even consider a production increase until oil hits $100 again
There are some MAJOR construction projects going on in OPEC nations (2030 initiatives etc.) including Egypt pouring money into an under construction ”new” capital city,
New Cairo
and Saudi Arabia’s “linear” city (80 miles long with no cars...a environmental Nazis wet dream).
The Saudi linear city
As such, they want the price of oil to climb (a lot).
This post was edited on 12/29/21 at 2:03 pm
Posted on 12/29/21 at 1:59 pm to ragincajun03
Maybe it’s because there’s a puppet in the White House?
Posted on 12/29/21 at 2:06 pm to ragincajun03
It’s a sad, sad day when I believe this guy…
Over this Turnip, a supposedly democratically elected President.
Over this Turnip, a supposedly democratically elected President.
Posted on 12/29/21 at 7:52 pm to ragincajun03
quote:
Yep
Nope... russia and Saudi Arabia got into an oil war and flooded the world market prior to the lockdowns kicking in... oil prices went negative for a bit. Trump tried to buy up every bit of crude to stuff the strategic Petroleum reserve, but schumer wouldn't allow anything that would help oil companies. Trump made a deal with the oil companies to store oil in the spr in exchange for keeping a percentage. Dude was brilliant.
The lockdowns exacerbated the issue, but the genesis was Russia and Saudi Arabia flinging open the spigots
Posted on 12/29/21 at 8:06 pm to LegendInMyMind
quote:
Well, it has pretty much been the story for a while now. You can't continually make decisions to undermine our own production and then not expect to be laughed at when you beg other countries to prop up your supply. That part isn't debatable, and it sure isn't some Russian propaganda play.
Imagine calling all of your neighbors together in the street and then setting your own house on fire. Then imagine asking your neighbors to do a favor for you, and allow you to live with them.
Posted on 12/29/21 at 8:09 pm to Codythetiger
quote:
biden is a fricking idiot and so are every one of you stupid biden voters
It’s worse. His brain is jelly, closer to diarrhea than something you could think with. We are fricked.
Posted on 12/29/21 at 8:11 pm to ragincajun03
quote:
I do nothing but laugh at the idiots who repost Facebook memes showing $1.43/gallon gasoline signs from last Spring and trying to use it as some sort of measure as to how great Donald Trump was compared to Joe Biden.
People have amazingly short memories when they want to see things a certain way. These same people are now continuing year 2 of vaccine and mask advice to anyone that’ll listen.
This post was edited on 12/29/21 at 8:12 pm
Posted on 12/29/21 at 8:46 pm to LZ83
quote:
I’m with Roger, why shut down Most of our production just to turnaround and have to ask for help?
Hunh?
Posted on 12/29/21 at 8:52 pm to RogerTheShrubber
Provide specific details of what policies or executive orders have been put in place to stop drilling. I'm not talking about halting new pipelines because that supply was never priced in. I want exact details.
Posted on 12/29/21 at 9:52 pm to ragincajun03
quote:
Why OPEC+ Didn’t Respond To U.S. Calls For More Oil
Because Brandon is a pathetic stupid loser. More to follow at 10.
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