How could a potential adversary take advantage of the Biden depleted Strategic Oil Reserves?

[Colin Norris]

21 hours ago, Nationalist said:

The twit will deplete the US oil reserves in an effort to maintain power. The the Republicans will sweep both houses by which time the US will be sitting ducks.

The brilliance is staggering...

You guys were containing about the price of gas, he dies something to keep it down and now he's a twit. 

Its not about keeping power. 

That's an absurd hate filled assumption. 

[Nationalist]

7 hours ago, robosmith said:

Of course. You have no evidence of ANY drilling stopped by the government.

https://news.yahoo.com/biden-administration-halts-oil-drilling-202854366.html

[Nationalist]

6 hours ago, Rebound said:

Can you name one single oil active oil extraction site in the US which Biden shut down? Just one single site that was producing any form of petroleum which is not allowed to produce because of an order Biden gave?

https://oilprice.com/Latest-Energy-News/World-News/Biden-Administration-Halts-New-Oil-And-Gas-Drilling-Permits.html

[Nationalist]

2 hours ago, Colin Norris said:

You guys were containing about the price of gas, he dies something to keep it down and now he's a twit. 

Its not about keeping power. 

That's an absurd hate filled assumption. 

Everyone who's not a zombie has been complaining. 

Biden is a twit.! What he's doing endangers the US and probably most of the western nations.

[DONKIROCK]

4 hours ago, Colin Norris said:

You guys were containing about the price of gas, he dies something to keep it down and now he's a twit. 

Its not about keeping power. 

That's an absurd hate filled assumption. 

When Joe took office he waged war on the U.S. petroleum industry.

Why didn't you notice it until now?

You will say that you did.

So, why didnt you find out that Trump had worked to make the USA an oil exporter?

Biden knew what he was doing. 

[Rebound]

2 hours ago, Nationalist said:

https://oilprice.com/Latest-Energy-News/World-News/Biden-Administration-Halts-New-Oil-And-Gas-Drilling-Permits.html

NEW PERMITS, YOU BALD-FACED LIAR.
 

A new permit can take years to output petroleum and therefor has absolutely nothing to do with the price of petroleum today.  
 

WHY CAN’T YOU EVER TELL THE TRUTH?   HOW ABOUT IF YOU READ THE ARTICLE YOU LINKED AND TELL US WHY THESE PERMITS ARE ON HOLD. IT IS BECAUSE OF CONFLICTING FEDERAL COURT RULINGS.

Edited October 21, 2022 by Rebound

[Nationalist]

1 hour ago, Rebound said:

NEW PERMITS, YOU BALD-FACED LIAR.
 

A new permit can take years to output petroleum and therefor has absolutely nothing to do with the price of petroleum today.  
 

WHY CAN’T YOU EVER TELL THE TRUTH?   HOW ABOUT IF YOU READ THE ARTICLE YOU LINKED AND TELL US WHY THESE PERMITS ARE ON HOLD. IT IS BECAUSE OF CONFLICTING FEDERAL COURT RULINGS.

First of all...Biden CANCELLED existing leases.

And then there's this gem...

Quote

the Biden administration announced the leasing of 144,000 acres of federal land to oil and gas development—just 0.00589 percent of the mineral estate—as a ploy to make Americans believe he is doing all he can to lower gasoline prices. He also announced higher rents on leased land and 50 percent higher royalty rates on the oil produced, supposedly to help taxpayers get the true value of the leased land. Instead, it will do the opposite by reducing investment for more oil development on federal lands and by upping the cost to produce the oil. This is not the time to make upward cost changes to long-standing fair and reasonable lease terms that will only end up charging Americans more at the pump. Reducing investment to energy development on federal lands and increasing costs of production resulting from these Biden administration actions will reduce revenues that aid state and federal government budgets as well as local communities that also benefit from the fees. President Biden has been consistent in his attacks on U.S. energy production even while begging other nations to produce more energy to lessen the impacts of price increases on American consumers. His latest actions only confirm that he intends to abide by his campaign promise to “end fossil fuels.”

https://www.instituteforenergyresearch.org/fossil-fuels/gas-and-oil/bidens-confounding-oil-and-gas-leasing-policy/

So tell me again...who's lying?

[reason10]

On 10/20/2022 at 7:13 AM, Nationalist said:

The twit will deplete the US oil reserves in an effort to maintain power. The the Republicans will sweep both houses by which time the US will be sitting ducks.

The brilliance is staggering...

Hopefully, the Republican Congress can overturn the Biden war on domestic energy development, (a little after it impeaches and removes Biden from office.)

 

[WestCanMan]

9 hours ago, DONKIROCK said:

He (Biden) snuffed US oil production because it's bad?

Because he said so? Or because you agree that it is bad?

?

It's the worst thing in the history of the world to leftists, and therefor to Biden as well. An "existential threat".

There's not much that comes out of Biden's mouth that I agree with.  

[DONKIROCK]

13 minutes ago, WestCanMan said:

It's the worst thing in the history of the world to leftists, and therefor to Biden as well. An "existential threat".

There's not much that comes out of Biden's mouth that I agree with.  

I wanted to be sure.

??

[Rebound]

3 hours ago, Nationalist said:

First of all...Biden CANCELLED existing leases.

And then there's this gem...

So tell me again...who's lying?

Again, it’s ALWAYS LIES WITH YOU.

One Federal Court rules that there must be carbon impact assessments and the other rules that there cannot be.  Whose fault is that? The oil industry’s.  They’re the ones who filed all the lawsuits that created this mess. 

[WestCanMan]

15 hours ago, robosmith said:

Sure. Of course he beat the pants off of Trump.

And you've AGAIN failed to provide ANY evidence of "snuffed oil production."

Oil product is just as high now as it was under Trump. No "snuffing." LMAO

I already posted this in another thread where you basically said the same stupid things:

https://www.cnbc.com/2021/01/27/biden-suspends-oil-and-gas-drilling-in-series-of.html

FYI in a democracy when the president goes to war against a sector of the economy, people don't want to invest money there. Without investment, obviously less gets done. 

[Nationalist]

16 hours ago, Rebound said:

Again, it’s ALWAYS LIES WITH YOU.

One Federal Court rules that there must be carbon impact assessments and the other rules that there cannot be.  Whose fault is that? The oil industry’s.  They’re the ones who filed all the lawsuits that created this mess. 

This is why progs like you need to be removed from power. Anything that does not push your agenda...is simply a lie. Facts be damned.

Biden's first act as POTUS was to cancel a pipeline. He then proceeded to cancel existing leases and began disincentivizing investments in American fossil fuel production. The obvious results...less fuel and higher prices.

This is simple business. Yet in order to support this silliness...the Libbies twist and try to complicate, a simple equation.

The results?

People all over Europe are gonna suffer the most. In the US and here in Canada, many will suffer. Especially the poorer of us who can't afford to eat and heat their homes and drive to work.

Has any of this really been necessary? Hell no. But...

"AHHH!!! WE ALL GONNA DIIIEEE!!!"

Again...if we just do the rational...keep fossil fuels plentiful and cheap...finance research and development of alternatives...and transition slowly, so people don't suffer and the economy doesn't go wacko...

But no. Libbies just have to punish the population for having the audacity to want to be warm...eat well...and drive their cars.

[reason10]

On 10/20/2022 at 6:34 AM, DONKIROCK said:

 

How could a potential adversary take advantage of the Biden depleted Strategic Oil Reserves?

White House Signals ‘Significant’ Drawdowns From Strategic Reserve Beyond 180 Million Oil Barrels

https://www.theepochtimes.com/white-house-signals-significant-drawdowns-from-strategic-reserve-beyond-180-million-oil-barrels_4805493.html

The White House on Tuesday signaled “additional significant” drawdowns from the U.S. Strategic Petroleum Reserve (SPR) beyond the 180 million barrels announced in March. But an expert says these drawdowns “failed to control oil prices.”

The final 15 million barrel tranche of the total 180 million barrel SPR drawdown is expected to be announced Wednesday, according to the White House.

 

“This sale will complete the historic, 180-million-barrel drawdown the President [Joe Biden] announced in the spring, which has helped to stabilize crude oil markets and reduce prices at the pump,” a White House fact sheet states.

Biden has also called on the Department of Energy (DOE) to be ready for “additional significant SPR sales this winter if needed due to Russian or other actions disrupting global markets.”

 

The SPR is at its lowest level since 1984, with around 400 million barrels remaining. At its peak, in 2010, there were over 726 million barrels.