Biden planning to tap oil reserve to control gas prices

If oil and gas are so important, the masters of the economy should have found ways to burn less of the stuff long, long ago.

So then $7 gas becomes $6.75?

many Americans live 30 minutes by car one way to the nearest store or job.

Gas prices and inflation have taken 1 month of salary per year from hardworking tax payers.

usa is not just LA and New York.

Will have minimal effect. Unfortunately the fruits of some of the anti carbon policies are just now ripening. will take sometime to get supply and demand back into balance.

Yeah that will help the economy and carbon emissions.

Control the market with sanctions and raising the prices.

Biden our great savior the superhero.

Not !

Does this really make sense? Those reserves are there for national emergencies not political expediency. Biden simply needs to open up leases to lands that can actually produce oil and gas. Let the private sector do what it is suppose to do, because at some point those reserves have to be replenished.

Biden simply needs to open up leases to lands that can actually produce oil and gas. Let the private sector do what it is suppose to do, because at some point those reserves have to be replenished.

get this 90% of oil production is on private land 10% governement land, there are over 9000 approved

drilling permits that arent being used by oil producers, over 150billion in profits in 2021 and dummies still think price gouging isnt a factor, like the oil exec say over 60% want capital discipline, aka big profits.

while 10% blame the governement. If oil companies wont increase production then yes Biden should released those reserves.

Driving a car is a privilege, not a right.

In America? Hell no it’s not.

 Biden simply needs to open up leases to lands that can actually produce oil and gas. Let the private sector do what it is suppose to do, because at some point those reserves have to be replenished.

Plenty of latent production is available. Word has it that the oil industry sees the current bump in prices as temporary and does not want to put in the capital to bring supplies online only to see their returns go negative when prices fall again. Let's hope they're right.

In America? Hell no it’s not.

Very true and smart point. Article 1 of the constitution.

Biden our great savior the superhero.

said nobody ever

> Driving a car is a privilege, not a right.

In America? Hell no it’s not.

nothing in the constitution to say that it is a right, you need a licence to drive, dont meet the requirements or break the law then that licence is taken away, yes it most definitely a privilege

Very true and smart point. Article 1 of the constitution.

what in the name of sanity doesnt the 1st and driving a car have anything to do with each other.

you need to show competence to drive need to follow the rd laws and a licence to drive, that licence can and does get take away if you break those laws, driving isnt an American right, its a privilege

once again for those confusing driving and the constitution, its privilege to drive not a right, legal precedent has even ruled it

https://www.mlive.com/news/grand-rapids/2011/11/law_talk_who_says_driving_is_a.html

Why do I feel another color revolution is coming up in Venezuela?

The United States is the world's largest oil producer — ahead of Saudi Arabia and Russia — but it is also the biggest oil consumer, and it can't meet that staggering demand with domestic crude alone.

It can meet that demand, and had been up until a year ago when Biden entered office.

He promptly cancelled the Keystone pipeline and has halted new oil and natural gas drilling leases on public lands, making the US dependent on foreign oil even though the US sits on top of the biggest oil reserves in the world.

The governments of the US and Canada could end this madness tomorrow if they wanted.

One more thing. Anyone watching what Biden was saying during the presidential campaign knew this would happen.

If you voted for, or supported Biden in any way, you have lost the right to complain about gas prices.

Take a seat.

You wanted this.

Why do I feel another color revolution is coming up in Venezuela?

Given the US, Russia and China are each involved in Venezuela, it could well be a bit of nastiness lies ahead for the Venezuelan people.

Zichi,

The Keystone pipeline was cancelled after Biden had the permit blocked.

Refineries and storage have a capacity limit.

No, they don't

The pipeline would have moved up to 830,000 barrels (35 million gallons) of crude daily, connecting in Nebraska to other pipelines that feed oil refineries on the U.S. Gulf Coast.

If oil and gas are so important, the masters of the economy should have found ways to burn less of the stuff long, long ago.

There are cleaner and more safer as well as modern tech ways to do that.

Yes, they do. All points of production have capacity limits.

We have not reached capacity limits yet.

Oil companies have limited storage capacity. A couple of years ago when the price of oil was less than $30 a barrel, the cost of the barrel was more expensive than the oil. They couldn't give the stuff away.

Now we can’t keep it on the shelves.

Biden planning to tap oil reserve to control gas prices

He’s gonna be tapping a lot things if he doesn’t stop wasting time and money messing with Ukraine and just give in writing NO nato in Ukraine. Bam! war over. Silly people following Biden’s war wagon.

The Keystone pipeline construction would not be finished by this date and would not have been operating.

Would have been closer to completion than it is now. Could have expedited it few months ago.

I didn’t make you move out, i just bought the land your house is on and said no houses on my land.

thats how you sound with all these technicalities.

Those high prices aren’t “real”.

politifact, a supposed fact checking organization, says:

“Gas stations will often advertise high gas prices on their signs if they’re closed or out of gas to discourage drivers from stopping. “

sure they do.

The volume of Russian oil imports by the United States has increased by 43% from March 19 to 25 compared to the previous week, according to a new report by the US Energy Information Administration (EIA). Data showed the US imported up to 100,000 barrels of Russian crude per day.

how??? Biden doesn’t buy Russian oil! We stand with Ukraine!

The ramp up comes despite US President Joe Biden’s signing of an executive order on March 8, banning energy imports from Russia and new investment in the Russian energy sector. The US Treasury has set a deadline for the completion of transactions for the import of oil, oil products, LNG, and coal from Russia into the country until April 22.

Oh I see….

that have spiked as the U.S. and allies have imposed steep sanctions on Russia over its invasion of Ukraine

Misinformation. Gas prices were spiking before Putin invaded the Ukraine. Grow a pair—one honest and one full of integrity—and tell the people the truth.

Wow, that's almost as good a whopper as when the Russian Ambassador said on Face the Nation that "there is no invasion. There is no plan for an invasion"....four days before the invasion...

https://www.cbsnews.com/news/russia-ukraine-ambassador-anatoly-antonov-no-such-plans-invasion-face-the-nation/

And sounds like someone has been missing a pair since 2016...

Driving a car is a privilege, not a right.

In America? Hell no it’s not.

Yeah it is. It is anywhere.

liberals are so literal in situations like this. but are perfectly fine with "thats not what he meant!!!" when I quote the direct words from their beloved President.

Go to middle America and find hardworking minimum wage people that live 30-45 mins away from their job, Tell THEM even having a car to drive to work (while also paying $4+ a gallon) is a "privilege".

See how far you get with that.

Driving less for a purpose or driving less because you cant even afford gas.

two different things.

But yeah all the poor people working minimum wage, just go right now and buy a Tesla.

Make that evil man Elon Musk even richer.

Btw. how do those electric charging stations get powered, the wind?