BREAKING: Biden to release 1 million barrels of gasoline to reduce prices at the pump ahead of July 4! LOL

[jneffer]

Which president is taking the most oil out of the ground per year?

production is averaging about 12,099,000 barrels a month under biden
production was averaging about 11,031,000 barrels per month under trump

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

 

[Here_4_a_Day]

production is averaging about 12,099,000 barrels a month under biden
production was averaging about 11,031,000 barrels per month under trump

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

Costs.....it's about cos..................never mind.........

 

[jneffer]

We do.

just not enough to ever mention that fact when discussing high gas prices or energy independence

 

[Whiskeydeltadeltatango]

production is averaging about 12,099,000 barrels a month under biden
production was averaging about 11,031,000 barrels per month under trump

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

Now go read what menace wrote.

 

[Whiskeydeltadeltatango]

just not enough to ever mention that fact when discussing high gas prices or energy independence

It gets said all the time. We discuss buying low and selling high and our relationship with OPEC.



Here is the deal though dwms hate Dino juice, unless it's their guy doing it. Which he is doing at a higher level than any predecessor

 

[RileyHawk]

Friendly reminder, Trump was going to fill the oil reserve at 24( maybe 26) dollars a barrel, and possibly buy extra to sell, but the dems blocked it.

We would have been sellers instead of buyers because a decent business guy saw a buying opportunity. Instead, Joe is selling the bombs, the oil, the gas and the kitchen sink.

The SPR was 89% full already when oil prices dropped to those levels for several weeks. Even if they could have worked a deal out that quickly (highly unlikely) the impact is miniscule. Particularly at a time when no one was driving and the future of travel was murky, at best.

Your ignorance abounds.

 

[Whiskeydeltadeltatango]

The SPR was 89% full already when oil prices dropped to those levels for several weeks. Even if they could have worked a deal out that quickly (highly unlikely) the impact is miniscule. Particularly at a time when no one was driving and the future of travel was murky, at best.

Your ignorance abounds.

We have been holding the gas we are about to sell foe 10 years dipshit. You don't sell it right away, we could be sellers right now. Also, do you know how much profit could have been made off that available space.

 

[RileyHawk]

We have been holding the gas we are about to sell foe 10 years dipshit. You don't sell it right away, we could be sellers right now. Also, do you know how much profit could have been made off that available space.

Wait - you think the SPR is something that should be bought and sold as a commodity to make profit? JFC you're a moron.

The SPR was above 600M barrels (84% of capacity) for almost 20 years and right at capacity for many of those years. It was filled during the Obama years. It was sold off to about half due to an emergency, which is the reason it exists.

Again, you're a moron.

 

[Whiskeydeltadeltatango]

Wait - you think the SPR is something that should be bought and sold as a commodity to make profit? JFC you're a moron.

The SPR was above 600M barrels (84% of capacity) for almost 20 years. It was filled during the Obama years

Yes, I think oil is a commodity that should be bought and sold, welcome to earth.

 

[RileyHawk]

Yes, I think oil is a commodity that should be bought and sold, welcome to earth.

Unsurprisingly you try to change the context to support your asinine position.

The SPR being used to generate profit is absurd. But if you insist on backing that notion you must be very happy that Biden sold off a portion when the price was high and has been looking for opportunity to buy it back when the price is lower.

It's hard to imagine the amount of propaganda and misinformation you consume that allows you to present such moronic views.

 

[Finance85]

production is averaging about 12,099,000 barrels a month under biden
production was averaging about 11,031,000 barrels per month under trump

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

Yeah, that tired old argument. What was the field production peak before the pandemic?

 

[RileyHawk]

Yeah, that tired old argument. What was the field production peak before the pandemic?

From Gemini AI:

what was the field production for oil in 2019​

According to the U.S. Energy Information Administration (EIA), field production of crude oil in the United States peaked at an average of 12.3 million barrels per day in 2019 [1]. This data applies specifically to the U.S. and may not reflect global oil production.

what is the current field production of crude oil​

The current field production of crude oil in the United States is around 13.1 million barrels per day [1, 2]. This data is based on the latest information available and might be subject to slight revisions.