US Oil Producers Fail to Produce

[Neveragain]

OPEC+ followed through with it's weeks long threat to slash production, which has seen oil price surge to more than $85 per barrel, up some 15% since they announced the tentative 2 million bpd cut. Biden has the Department of Energy researching the effects of an emergency embargo on gasoline, diesel and other distillate sources, as a result of those prices failing to come down despite oil being down more than 40% overall from peak highs.

US Crude Oil in the Strategic Petroleum Reserve Stocks is at a current level of 422.58M, down from 427.16M last week and down from 619.57M one year ago. This is a change of -1.07% from last week and -31.79% from one year ago.

The United States has proven reserves equivalent to 4.9 times its annual consumption. This means that, without imports, there would be about 5 years of oil left

The SPR has now been depleted since President Biden took office from 640 million barrels to 450 million barrels

Biden has proven to be the biggest national security threat since Jefferson Davis.

[Methais]

Wait, I thought Biden had solved this issue that he created when he attacked the oil industry by going to OPEC on his knees and begging for more production?

White House says 'it's clear' Saudi-led OPEC is 'aligning' with Putin after it ignored Biden's pleas and cut oil production by TWO MILLION barrels a day: Gas prices set to soar again in 'total disaster' for President


Wait didn't Biden tell us that it's because of greedy gas station owners?

[Methais]

Biden has proven to be the biggest national security threat since Jefferson Davis.

Remember when we didn't have to give the first fuck about foreign oil, right up until Biden's inauguration day?

People who aren't retarded and mentally ill like Seran is remember.

[drumpel]

Biden has proven to be the biggest national security threat since Jefferson Davis.

I don't see Biden in that picture, but Trump is there. Therefore it is Trump's fault that gas is up. (Seran, probably)

[Seran]

"IT'S THE AMERICAN OIL COMPANIES THAT ARE REALLY DRIVING UP PRICES DUE TO GREED!" -Seran

Big Oil, period. If you're going to misquote me, you might as well be closer to what I've actually posted. Troll

[Gelston]

Big Oil, period. If you're going to misquote me, you might as well be closer to what I've actually posted. Troll

The thread title you created disagrees that it was a misquote.

[Seran]

Wait, I thought Biden had solved this issue that he created when he attacked the oil industry by going to OPEC on his knees and begging for more production?

American oil companies said they were unable to increase production, so naturally the President and his administration are seeking oil to benefit our country from any reasonable source. Why are you surprised by common sense diplomacy?

[Parkbandit]

Big Oil, period. If you're going to misquote me, you might as well be closer to what I've actually posted. Troll

Does "Big Oil" still include palm oil to you? Retard.

[Methais]

Big Oil, period. If you're going to misquote me, you might as well be closer to what I've actually posted. Troll

Why is this thread titled "US Oil Producers Fail To Produce" then?

Go make another thread called OPEC Oil Producers Fail to Produce.

How are you this stupid so consistently?

[Parkbandit]

American oil companies said they were unable to increase production, so naturally the President and his administration are seeking oil to benefit our country from any reasonable source. Why are you surprised by common sense diplomacy?

If the goal of that "common sense diplomacy" was to raise oil prices, then mission accomplished.