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© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.U.S. to release 50 million barrels of oil to help bring down energy costs
By JOSH BOAK and COLLEEN LONG WASHINGTON©2024 GPlusMedia Inc.
35 Comments
The Avenger
Republicans fight against anything that benefits America or Americans.
bass4funk
Going green just took another backseat…again…
Strangerland
Too bad Trump was too weak to pass any sort of infrastructure bill or healthcare bill or even a wall building bill for that matter. Weak.
bass4funk
Well, it has yet to pass the Senate and so far Manchin and Sinema are just not happy with the cost of this and if it dies in the Senate, it dies. Thumbs crossed on Manchin and Sinema.
umbrella
pathetic gesture from this total disaster of a "president"
Strangerland
Trump couldn't even get a bill past one house.
Was there ever a weaker American president who got less done for the American people than Trump?
DrTOM1957
Releasing oil from the strategic reserves is one of the few things the President can do to influence oil prices and it will not have much of any effect on prices. The bottom line is oil is controlled on the international market and is influenced by supply and demand. People always blame the current President when the price goes up and praise the current President when the price goes down.
Sam Watters
We ( the US) were energy exporters a year ago. Guess we shouldn’t have shut off the keystone pipeline….
Strangerland
What makes you think that changed?
Jacko
Shows how much they have to manipulate the market
Sam Watters
And we had record low gas prices a year ago. If it hasn’t been censored, catch the video of Energy Secretary Jen Granholm laughing and saying it was an excellent chance to go green when asked how she planned to deal with this crisis.
Blacklabel
most of the oil released will actually be purchased by India and China.
Has no positive impact for Americans or on the gas price, another Biden failure.
Thanks Biden!
Strangerland
You'd almost think there was a global pandemic that has disrupted supply lines and increased the costs of everything over the past year. Or something.
Well that's just a silly claim.
ifd66
And how does reducing the price of oil help meet the new COP26 targets and pledges for moving away from fossil fuels and reducing emissions?
lincolnman
Biden again taking firm action to help the American people and our industrial competitiveness....
The previous guy would have still been on the golf course...or watching a movie of his favorite porn star...
Express sister
You must be happy. I'm not.
bass4funk
Yeah, yeah, yeah, Trump…ok so back to the current President, so if he doesn’t pass this and Manchin and Sinema tank this (praying) then that’s another nail in Biden’s agenda and abundantly clear why so many Dems are jumping ship, I think the number now is 17 that won’t seek re-election next year.
lincolnman
And shipped in tankers owned by Hillary, Obama, Elvis, and Hugo Chavez....
Like the bipartisan infrastructure bill supported by 19 Repub Senators...
Well stated...
Wolfpack
His energy policies are blowing up in his face. He is just grabbing at straws with this pro Big Oil move.
GBR48
The problem is how we use this stuff.
It is a necessity when used for manufacturing essentials and to keep people from freezing in the winter because they cannot afford to keep themselves warm.
Put it in cars - because governments were too lazy to roll out EV charging infrastructure - and you are just subsidising climate change from public funds.
If Biden is betting on low inflation then he will have problems. Going forward, everything is going to be more expensive, and not just by the odd % point. Restrictions on the use of the global labour pool, supply chain restrictions and sanctions, lockdowns and increased import duties are going to push up the price of everything. There will be lots of shortages and inflation ahead, with knock-on substantial rises in things like mortgage rates. That all tends to go down badly with voters.
bob
50 million barrels is less than 3 days consumption in the US. AND it is a reserve that should only be used in emergency situations.
Biden has done everything in his power to kill fracking, kill pipelines and stop drilling leases in the US.
He has groveled for more blood oil from OPEC as a result.
Now that he sees his poll numbers plummeting, he's desperate.
(Of course, when I say "he", I mean his handlers. He has no idea where he is or what he's saying on any given day.)
Rampant inflation not seen since the 70's, gas prices at an all-time high, race relations at an all-time low, the disaster in Afghanistan, and Corona even worse than a year ago when there were no vaccines.
How's that working out for you, Biden voters?
Happy?
bob
its almost as if this particular poster ignores the fact that it is the equivalent of less than 3 days consumption.
bass4funk
Ok, but we are talking about Biden. And yes, every poll shows that people are blaming this President for the skyrocketing prices. As Biden Said, “the Buck stops with me.”
Well, no it’s not the same, we talked obsessively about his radical policies, you guys just talk about Trump especially Lincoln that loves to make anything and everything regardless of what it is about Trump on a personal level, so yes, there is a huge difference.
mrtinjp
U.S. President Joe Biden on Tuesday ordered a record 50 million barrels of oil released from America's strategic reserve, aiming to bring down gasoline and other costs
Was it not Trump who topped these strategic reserve when the oil price was zero, Biden should gave thanked Trump..
bass4funk
Bingo! Biden could do this and that would help his sinking poll numbers, but he’s not and refuses to do it. Head scratcher
Wolfpack
I think the president has a sense that things are not going so well but is helpless to change course. He is doing everything the arch Leftists are telling him to do yet his poll numbers are continuing to slide.
It would have been nice if his regressive policy of higher gas prices only affected him and his wealthy Cape Cod buddies. The doubling in the price of gas isn’t something he has to be concerned about on a personal level. He’s got his numerous mansions from his lifetime of “public service”. biden’s mentor former president Obama stated that it is necessary to raise the cost of energy in order to save the planet. The poor would just prefer that they not have to sink into poverty to achieve the dreams of Obama, biden, Kerry, and Al Gore - all multimillionaires with no worries about having to choose between milk for their children or gas for the car.