Another idiotic action of this Biden govt

Discussion in 'Politics' started by earth_imperator, Jul 8, 2022.

  1. Tony Stark

    Tony Stark


    From the guy that thinks 860,000 barrels of US oil causes 9.1% inflation LOL!!!!


    [​IMG]
     
    #61     Jul 10, 2022
    Cuddles and TraderTom1133 like this.
  2. oil_reserves.jpg
     
    #62     Jul 10, 2022
  3. Tony Stark

    Tony Stark


    Biden is releasing a million barrels a day for 6 months.Do you really think 5 million barrels(5 days out of 6 months of oil) in what could be a swap for a different type of oil or something else The US needs is some big deal?

    Fox News plays y'all for fools.
     
    #63     Jul 10, 2022
    TraderTom1133 likes this.
  4. Just laugh, old man! You still don't have any clue of how the markets function. Proof:
    you are a seller of a product, but suddenly your suppliers can supply you only 90% of your ordered qty.
    You are facing a 10% decline in your business! What do you do? You increase the sell price by +10% to compensate for the losses. And that's exactly what's happening right now. Prices explode, we call it inflation...
    Simple as that - Markets 101.
     
    Last edited: Jul 10, 2022
    #64     Jul 10, 2022
  5. Tony Stark

    Tony Stark

    False equivalency.

    1.Keystone would not be completed right now so it wouldn't be supplying anything so there is no decline in anything.

    2.Biden is currently supplying more from the reserves than Keystone would be supplying.

    3.Oil is sold on the world market so it wouldn't be 9% it would be less than 1 %.
     
    Last edited: Jul 10, 2022
    #65     Jul 10, 2022
    TraderTom1133 likes this.
  6. Tony Stark

    Tony Stark


    That is not what is happening right now because even if Biden had not canceled Keystone its estimated completion time was 2023.And thats if it wasn't was delayed from the multiple state and federal lawsuits that surely would have been filed as well labor shortages,covid and other delays.
     
    #66     Jul 10, 2022
    TraderTom1133 likes this.
  7. You've got a wide mouth for someone who doesn't know what you're talking about.

    You tied a record! First post of yours I notice gets you on my IGNORE list!
     
    #67     Jul 10, 2022
  8. So sad stopping Keystone caused oil prices to spike in Europe...Latin America...Asia...that is some impressive pipeline that would not have even been finished yet...
     
    #68     Jul 10, 2022
  9. easymon1

    easymon1

    Last edited: Jul 13, 2022
    #69     Jul 13, 2022
  10. vanzandt

    vanzandt

    #70     Jul 15, 2022