Biden Sends Our Oil Reserves Overseas

[Rightguide]

Those US Oil Reserves Joe Biden's Tapping to Lower Our Gas Prices Are Going Overseas​

By Andrew Malcolm | Jul 06, 2022 8:00 AM ET
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The nation’s Strategic Petroleum Reserve was created in 1975 after the Arab oil embargo caused fear and angry gas-station lines across the country. The underground reservoirs, believed to be the world’s largest, were intended as an emergency oil-savings account for an actual energy crisis threatening national security.

The SPR was not intended for a political crisis when Joe Biden’s Democrats face midterm election annihilation over inflation and outrageous gasoline prices above $6 a gallon caused by the same president’s ideological war on fossil fuels.

Biden’s announced “plan,” which drew considerable criticism, is to draw down a million barrels a day for 180 days from the country’s Strategic Petroleum Reserve stored in vast underground salt caverns in Texas and Louisiana.

Since each barrel contains enough oil to produce 44 gallons of petroleum products, that’s a lot of fossil fuel flowing into the market.

But it turns out, contrary to what you might have thought and hoped with all the Biden administration hype about easing gas prices for his countrymen, the consumers who will directly benefit from using up American reserves are not Americans.

https://redstate.com/andrewmalcolm/...wer-our-gas-prices-are-going-overseas-n589473

 

[ll74]

Oil and gas are the same thing...which is why the keystone pipeline would lower gas prices ¯\(°_o)/¯

 

[oggbashan]

Oil and gas aren't the same things. Since the disaster at a Texas gas processing plant, the US is short of equipment to turn oil into gas. Other countries, particularly in Europe, don't have enough capacity either because they accepted gas (petrol and diesel) already processed in Russia.

The UK and Europe are planning more plants but it takes many years to build such plants. The Texas one is unlikely to see any production before early 2023.

 

[BabyBoomer50s]

Oil and gas aren't the same things. Since the disaster at a Texas gas processing plant, the US is short of equipment to turn oil into gas. Other countries, particularly in Europe, don't have enough capacity either because they accepted gas (petrol and diesel) already processed in Russia.

The UK and Europe are planning more plants but it takes many years to build such plants. The Texas one is unlikely to see any production before early 2023.

The refinery capacity problem in the US is compounded by mixed messaging from the WH. It takes decades to recover the capital investment of building or re-starting a plant. That reality doesn’t mesh with a WH strategy to electrify everything asap.

 

[oggbashan]

Damn… the sarcasm was so clear if you had a functioning brain.

What sarcasm? I wrote the exact truth. The US is short of processing plants.

 

[ll74]

The refinery capacity problem in the US is compounded by mixed messaging from the WH. It takes decades to recover the capital investment of building or re-starting a plant. That reality doesn’t mesh with a WH strategy to electrify everything asap.

There is political advantage on both sides of the aisle to obfuscate how oil and gas prices work.

 

[BabyBoomer50s]

There is political advantage on both sides of the aisle to obfuscate how oil and gas prices work.

The refinery capacity problem is well understood. Just no effort by the WH to do anything substantive about.

 

[oggbashan]

One UK Police Force bought a lot of electric patrol cars. They can't use them as they wanted. There aren't enough charging points and the time to charge means the cars are out of action for hours...

 

[ll74]

The refinery capacity problem is well understood. Just no effort by the WH to do anything substantive about.

What effort is needed by the white house to do anything about it? Who controls the refineries?

 

[oggbashan]

Part of the problem is that this is probably a short-term issue. The demand for oil and gas will gradually fall. Building more processing plants might not be feasible for commercial companies if the capacity isn't needed in ten years' time.

 

[ll74]

Part of the problem is that this is probably a short-term issue. The demand for oil and gas will gradually fall. Building more processing plants might not be feasible for commercial companies if the capacity isn't needed in ten years' time.

And it truly shouldn't be needed...because we should be moving away from it.

It's not an easy situation for companies nor governments to face.

 

[oggbashan]

Our town has one public charging point provided by the local council that is rarely used. They charge high for the electricity supplied.

Few local people have bought electric cars. Unless they have a charging point at home - more capital expense on top of the large mark-up compared with petrol (gas) powered cars. They can really only use it within the manufacturers' actual mileage limit (less than that advertised).

You can recharge at motorway service stations but the prices are very high and do you really want to sit in the cafe for hours while your car charges?

One local man has it right. He works nights and charges his car by day from his rooftop solar panels. He drives fifty miles each way, well within the car's limit and his charge costs him nothing except the capital cost.

 

[Rightguide]

Joe sends our oil to China, as ordered. The President has been compromised by the CCP.

https://www.dailywire.com/news/stun...-biden-found-its-way-to-china-other-countries

https://www.foxbusiness.com/politics/oil-reserves-released-biden-expected-china-india

https://ussanews.com/2022/07/06/bidens-strategic-oil-reserve-release-shipped-to-china/

 

[ll74]

Our town has one public charging point provided by the local council that is rarely used. They charge high for the electricity supplied.

Few local people have bought electric cars. Unless they have a charging point at home - more capital expense on top of the large mark-up compared with petrol (gas) powered cars. They can really only use it within the manufacturers' actual mileage limit (less than that advertised).

You can recharge at motorway service stations but the prices are very high and do you really want to sit in the cafe for hours while your car charges?

One local man has it right. He works nights and charges his car by day from his rooftop solar panels. He drives fifty miles each way, well within the car's limit and his charge costs him nothing except the capital cost.

Ohio is planting them every 40-50 miles along their major interstates.

They should absolutely use solar panels in coordination with them

 

[Rightguide]

The refinery capacity problem is well understood. Just no effort by the WH to do anything substantive about.

In fact, Marxist RPA Director Gina McCarthy is celebrating the crippling of the oil industry.

 

[BabyBoomer50s]

What effort is needed by the white house to do anything about it? Who controls the refineries?

Petroleum companies. The WH could summon top executives from companies that refine and distribute fuels. Ask them. Are there regulations that could be suspended? Are there targeted emergency tax measures such as expensing or accelerated depreciation? Are there DPA provisions that might apply? Are there international solutions to explore? Instead of partnering with the industry to identify positive steps, Biden has taken a hostile and adversarial approach.

 

[Fuzzy1975]

*chuckles*

Oils a finite resource. It's no secret. Oil companies have know this for decades. Which is why there has been no major new refinery capital in a decade. Of course new ones are now planned and or being built, in places like Africa, but those will never pay for themselves. Nor are they being built by any of the big oil players. So be prepared for the price of fuel to level out somewhere between where it is today, and where it was a year ago. Then it will follow a slow price rise, until the next crisis hits the industry.

Me I bought electric, cost me about the same as a the standard gas powered model by the same maker. Since I am off grid, for at least half it's driving there'll be no cost to me.

Kind of funny too, watching the people here on Lit who hate government, bitching for government to do something about it....lol

 

[ll74]

Petroleum companies. The WH could summon top executives from companies that refine and distribute fuels. Ask them. Are there regulations that could be suspended? Are there targeted emergency tax measures such as expensing or accelerated depreciation? Are there DPA provisions that might apply? Are there international solutions to explore? Instead of partnering with the industry to identify positive steps, Biden has taken a hostile and adversarial approach.

There is nothing the industry would do to accommodate. And both sides have already taken a hostile posturing in the public eye.

 

[BBanned]

Those US Oil Reserves Joe Biden's Tapping to Lower Our Gas Prices Are Going Overseas​

By Andrew Malcolm | Jul 06, 2022 8:00 AM ET
Share Tweet

The nation’s Strategic Petroleum Reserve was created in 1975 after the Arab oil embargo caused fear and angry gas-station lines across the country. The underground reservoirs, believed to be the world’s largest, were intended as an emergency oil-savings account for an actual energy crisis threatening national security.

The SPR was not intended for a political crisis when Joe Biden’s Democrats face midterm election annihilation over inflation and outrageous gasoline prices above $6 a gallon caused by the same president’s ideological war on fossil fuels.

Biden’s announced “plan,” which drew considerable criticism, is to draw down a million barrels a day for 180 days from the country’s Strategic Petroleum Reserve stored in vast underground salt caverns in Texas and Louisiana.

Since each barrel contains enough oil to produce 44 gallons of petroleum products, that’s a lot of fossil fuel flowing into the market.

But it turns out, contrary to what you might have thought and hoped with all the Biden administration hype about easing gas prices for his countrymen, the consumers who will directly benefit from using up American reserves are not Americans.

https://redstate.com/andrewmalcolm/...wer-our-gas-prices-are-going-overseas-n589473

its WORSE then that


read

https://forum.literotica.com/thread...-company-linked-to-hunter-biden-firm.1570050/

 

[ll74]

Lol

 

[mayfly13]

so America has oil reserves too?
Then why is Biden in Saudi Arabia? - probably because not enough.
All I know is that America is now stealing oil MASSIVELY from Syria,
and as for importing from Russia or SA -- Damn if you do damned if you don't



You guys need to start a "World oil supplies & industries explained"
because it's affecting everybody's day to day.

 

[Rightguide]

so America has oil reserves too?
Then why is Biden in Saudi Arabia? - probably because not enough.
All I know is that America is now stealing oil MASSIVELY from Syria,
and as for importing from Russia or SA -- Damn if you do damned if you don't



You guys need to start a "World oil supplies & industries explained"
because it's affecting everybody's day to day.

We have the biggest recoverable oil reserves in the world. The stated policy of the incompetent Biden administration is to shut down our domestic fossil fuel industry in order to satisfy environmental communists in the Democrat Party. They will pay for this attack on the American people in November.

 

[phrodeau]

Is there anywhere in the US where gas or oil is in short supply? I haven’t heard of any.

 

[icanhelp1]

We have the biggest recoverable oil reserves in the world. The stated policy of the incompetent Biden administration is to shut down our domestic fossil fuel industry in order to satisfy environmental communists in the Democrat Party. They will pay for this attack on the American people in November.

We all live on the same planet. Ecologically speaking what difference does it make whether we burn Saudi oil or ours. It's actually better for the environment to burn our cleaner oil while saving our own economy.

Europe is going to start burning coal again. We have LNG to spare but Biden's over regulating is forcing Europe to shitcan their green energy aspirations and burn coal. Biden is an incompetent fool and is intent on committing national suicide.

I wonder if the Biden crime family is profiting from the sales of oil from the SPR.

 

[Rightguide]

We all live on the same planet. Ecologically speaking what difference does it make whether we burn Saudi oil or ours. It's actually better for the environment to burn our cleaner oil while saving our own economy.

Europe is going to start burning coal again. We have LNG to spare but Biden's over regulating is forcing Europe to shitcan their green energy aspirations and burn coal. Biden is an incompetent fool and is intent on committing national suicide.

I wonder if the Biden crime family is profiting from the sales of oil from the SPR.

I would point out that fossil fuel recovery in the US is the cleanest process in the world when compared to the same efforts in other countries.