Across The Board Crude Oil, Products Inventory Draws Send Prices Higher | OilPrice.com
Oil prices rose on Tuesday afternoon after the API reported across the board draws in crude and product inventories
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I Don't Know...Seems Like a Great Time to {NOT} Have The Old Strategic Petro Reserve Running on Fumes!!! lol
- Thread starter Here_4_a_Day
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Capitalism in action!
When it is profitable, BIG OIL will start pumping. OPEC has cut production a few months ago because the $$ was not there.
When it is profitable, BIG OIL will start pumping. OPEC has cut production a few months ago because the $$ was not there.
Ummmm….Capitalists didn’t drain the SPO and they aren’t threatening the global supply. Pssssst…our economy runs on capitalism, therefore “BIG OIL” has to make a profit or they can’t pay taxes or continue to exist, comrade.
If Capitalists didn’t draw down the reserve, dumbshit, tell me who did? Keeeeerist you play dumb in order to make a (political) point……..even when you are wrong! Right now the prices of oil must NOT be profitable, otherwise they would be pumping….it is all pretty simple. Again, understand the Saudis have DECREASED their production a million barrels / month in an attempt to stimulate prices. Remember back in the days of US “fracking” in the Dakotas how the Saudis increased production and decreased the demand and price of oil…..and fracking quickly curtailed itself? It wasn’t anything to do with the government “restricting” domestics from drilling as much as simple “supply and demand” economics that lowered the price.
Never forget, the Saudi’s pretty much control the world’s oil markets. Regardless of what Donald Trump tells you.
Joe Biden is too stupid understand the damage he has done to this country
I hadn't looked at this in a couple years, since the selling was first announced. But crap, it's at the lowest level since 1983 when the reserve was being built up. About half of what it has traditionally been.
North Dakota is flairing tens of millions of dollars in oil because the Biden administration red taped the shit out of their ability to transport it out of the state.
Educate yourself.
Joe sold our oil to hedge a recession that we are now slamming towards even faster than we initially would have because he thought he could spend his way out of failure. Now we are cash broke, don't have any oil, and have a bunch of dumb ****ing red tape about moving our oil.
The Saudis wouldn't control shit if we actually used what we have.
Capitalism works a whole lot better when you don't have dipshits creating demand foe a product no one really wants ( electric vehicles) and let the buyers decide when we are ready.
