September 13, 20223 yr 15 minutes ago, Ipiggles said: For when the sheet hits the fan. I am calling it now, as soon as the elections are over in November, Joe will stop dumping the reserves. This is a politically driven stunt to get votes. Same as College Debt forgiveness. Right, just like the predictions of covid magically going away after the election in 2020. Another politically driven stunt to get votes, amirite?
September 13, 20223 yr 51 minutes ago, Ipiggles said: For when the sheet hits the fan. I am calling it now, as soon as the elections are over in November, Joe will stop dumping the reserves. This is a politically driven stunt to get votes. Same as College Debt forgiveness. By "when the sheet hits the fan" I assume you mean to aid in controlling prices during times of shortened supply. If so, I agree. And, right now, do you feel that available supply is shortened? I'll even amend my post to ask - if the war in Ukraine continues and/or Russia's actions continue to disrupt global oil supply, and Biden continues to release oil reserves after the election, will you accept that it was done to help relieve prices at the pump for the best interests of the nation and not a politically driven stunt?
September 13, 20223 yr 14 minutes ago, Imp81318 said: By "when the sheet hits the fan" I assume you mean to aid in controlling prices during times of shortened supply. If so, I agree. And, right now, do you feel that available supply is shortened? I'll even amend my post to ask - if the war in Ukraine continues and/or Russia's actions continue to disrupt global oil supply, and Biden continues to release oil reserves after the election, will you accept that it was done to help relieve prices at the pump for the best interests of the nation and not a politically driven stunt? 🤣
September 13, 20223 yr 1 hour ago, Imp81318 said: By "when the sheet hits the fan" I assume you mean to aid in controlling prices during times of shortened supply. If so, I agree. And, right now, do you feel that available supply is shortened? I'll even amend my post to ask - if the war in Ukraine continues and/or Russia's actions continue to disrupt global oil supply, and Biden continues to release oil reserves after the election, will you accept that it was done to help relieve prices at the pump for the best interests of the nation and not a politically driven stunt? if he wanted to truly help for the best interest for the nation? He would resign On March 31, 2022, President Joe Biden announced that his administration would release 1 million barrels of oil per day from the reserve for the next 180 days.[10]
September 13, 20223 yr 2 hours ago, Imp81318 said: You've posted similar graphs to this multiple times... why do you think the Strategic Petroleum Reserve exists? To ensure the US could cope with an emergency supply issue, especially in case of a war or embargo (OPEC cutting us off in the 70’s was the catalyst, but proposals go back to the post war era). The thing of it is, we don’t have an emergency supply issue. We have an emergency political issue because Democrats don’t want high prices headed into the midterms. It’s not like OPEC has cut us off again or that we don’t have any oil that we can produce ourselves.
September 13, 20223 yr 4 minutes ago, TEW said: To ensure the US could cope with an emergency supply issue, especially in case of a war or embargo (OPEC cutting us off in the 70’s was the catalyst, but proposals go back to the post war era). The thing of it is, we don’t have an emergency supply issue. We have an emergency political issue because Democrats don’t want high prices headed into the midterms. It’s not like OPEC has cut us off again or that we don’t have any oil that we can produce ourselves. He knows this.......
September 13, 20223 yr I like how ipiggles just ignores the fact that he got duped by a fake quote and continues on as if it never happened.
September 13, 20223 yr 45 minutes ago, we_gotta_believe said: I like how ipiggles just ignores the fact that he got duped by a fake quote and continues on as if it never happened. LOL Last I checked you were duped with Russian Collusion/Steele Dossier for like 3+ years.... I dont care if Reagan didn't say it, it is still a true sentiment.
September 13, 20223 yr 2 minutes ago, Ipiggles said: LOL Last I checked you were duped with Russian Collusion/Steele Dossier for like 3+ years.... I dont care if Reagan didn't say it, it is still a true sentiment. Dude you've been here for five minutes. GTFO with this take.
September 13, 20223 yr 5 minutes ago, Ipiggles said: LOL Last I checked you were duped with Russian Collusion/Steele Dossier for like 3+ years.... I dont care if Reagan didn't say it, it is still a true sentiment. "I don't care if I'm a moron who lives in a fantasy world, it's still real to me damnit!" Literally a cult
September 13, 20223 yr 3 minutes ago, JohnSnowsHair said: Dude you've been here for five minutes. GTFO with this take. I'm not sure I even mentioned the Steele dossier more than once on the old boards, so that's how you know this guy is not in any way tethered to reality.
September 13, 20223 yr 16 minutes ago, Ipiggles said: LOL Last I checked you were duped with Russian Collusion/Steele Dossier for like 3+ years.... I dont care if Reagan didn't say it, it is still a true sentiment. wait...... Is this BigLou?
September 13, 20223 yr 14 minutes ago, Ipiggles said: LOL Last I checked you were duped with Russian Collusion/Steele Dossier for like 3+ years.... I dont care if Reagan didn't say it, it is still a true sentiment. Do you have "But the Steele Dossier!" mapped to a key on your phone or something?
September 13, 20223 yr 47 minutes ago, paco said: wait...... Is this BigLou? Cant take credit for Big Lou.
September 13, 20223 yr 2 hours ago, Ipiggles said: if he wanted to truly help for the best interest for the nation? He would resign On March 31, 2022, President Joe Biden announced that his administration would release 1 million barrels of oil per day from the reserve for the next 180 days.[10] Way to avoid the question and deflect. 2 hours ago, TEW said: To ensure the US could cope with an emergency supply issue, especially in case of a war or embargo (OPEC cutting us off in the 70’s was the catalyst, but proposals go back to the post war era). The thing of it is, we don’t have an emergency supply issue. We have an emergency political issue because Democrats don’t want high prices headed into the midterms. It’s not like OPEC has cut us off again or that we don’t have any oil that we can produce ourselves. So at what point would you consider us to be in an emergency supply issue? As supply is restricted prices rise which puts a strain on the economy. At what price point at the pump would you feel it was an appropriate time to release the oil reserves?
September 13, 20223 yr Russian oil being (mostly) pulled off the board for Western nations could certainly be considered an emergency supply issue, considering oil is even more of a global commodity now than it was in the 70s. 200m barrels (another 20m barrels were added later) over 180 days gives the global market some time to adjust, easing some of the short term burden. That said, I think the market started to adjust pretty well about 45-60 days ago. OPEC's announcement to reduce production slightly a couple weeks ago was a signal to chill out with this. It needs to slowly reverse course and build up our strategic reserve again. It's time, elections or not. Most of the price reduction has to do with drops in demand for oil as the price increased. Addition of oil from reserves certainly helped pile on and accelerate the drop in oil prices, but I don't think it changed its trajectory.
September 13, 20223 yr 1 hour ago, paco said: wait...... Is this BigLou? his style of writing seems to align more with...
September 13, 20223 yr 26 minutes ago, Imp81318 said: Way to avoid the question and deflect. So at what point would you consider us to be in an emergency supply issue? As supply is restricted prices rise which puts a strain on the economy. At what price point at the pump would you feel it was an appropriate time to release the oil reserves? A literal supply issue where physical oil is not available. Not a situation where supply is available but at nose bleed prices. And I do find it funny that the Biden admin is now apparently signaling they’re going to try to restock the SPR. Drain it right before the midterms to help his party’s political chances then give the market a free put. What could go wrong in an inflationary environment?
September 13, 20223 yr 2 minutes ago, paco said: Peter Griffin? I alone - His last remaining brain cell
September 13, 20223 yr 24 minutes ago, JohnSnowsHair said: Russian oil being (mostly) pulled off the board for Western nations could certainly be considered an emergency supply issue, considering oil is even more of a global commodity now than it was in the 70s. 200m barrels (another 20m barrels were added later) over 180 days gives the global market some time to adjust, easing some of the short term burden. That said, I think the market started to adjust pretty well about 45-60 days ago. OPEC's announcement to reduce production slightly a couple weeks ago was a signal to chill out with this. It needs to slowly reverse course and build up our strategic reserve again. It's time, elections or not. Most of the price reduction has to do with drops in demand for oil as the price increased. Addition of oil from reserves certainly helped pile on and accelerate the drop in oil prices, but I don't think it changed its trajectory. OK, so again, we drain the SPR and then give the market a free put. Do we not see the problem here?
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