Can someone explain why we would need to release oil reserves...
- Thread starter Whiskeydeltadeltatango
- Start date
Biden needed a PR stunt to get people taking about something other than his mental condition.
OK.... but that doesn't really answer the question.
Is there something linking OUR reserves to the rest of the world?
I didn’t watch the press conference. Was he talking about our basic oil reserves or the Strategic Oil Reserve?
True but I believe our Strategic is ours to do with as we want.
Per the WH website, this is what the president said. It appear you may have misinterpreted the statement:
My plan is already in motion. I led the world and other countries to join with us to coordinate the largest release of oil from our stockpiles of all the countries in history — 240 million barrels to boost global supply.
My plan is already in motion. I led the world and other countries to join with us to coordinate the largest release of oil from our stockpiles of all the countries in history — 240 million barrels to boost global supply.
This is a prime example of the me vs. we mentality that far too many people follow. So you paid less in taxes and your 401K is up, how are your roads, schools, or the economic outlook in your area? We are all citizens of a larger community. We need to look outside the boarders of our lawn or country to determine the merits of something.
It's a world wide wide market...that's how pricing is determined.
What did I just read? You sure you replied to the right thread?
U.S. has more untapped oil than Saudi Arabia or Russia
America is sitting on a world-leading 264 billion barrels of oil reserves, according to a new estimate by Rystad Energy. It's a sign of the dramatically reshaped global oil landscape thanks to the shale revolution.
money.cnn.com
Sure there is. There's an explanation that will make complete and total sense to the Democrats and will have the Republicans yelling and screaming. Partisan ear filters are real.
Me thinks Biden really has no clue and either misspoke or does not have a rational explanation. That’s pretty much the answer to all of the questions that arise when he speaks.
And absolutely no concern for where the money went besides roads and schools?
Ok, if you are a US company and you can sell it for cheap here, or export it, sell it for much more and make more profits. What are you going to do?
It doesn't belong to a company rather the country. I assume it's bought off the global market.
