What’s President Biden been doing - a lot

[Pipe_Dream]

Originally Posted by bgreene

Keystone not even close to a disaster for America .
Was intended for oil sale overseas - not for American consumption and was never really popular for several reasons.

An increased supply of oil from Canada, an ally, would mean a decreased dependency on Middle Eastern and Russian supplies (you know, the folks Biden asked to increase production). Increased availability of oil means lower prices for consumers - everywhere. It also means greater US leverage over the Middle East and Russia. How difficult is that to grasp?

[bgreene]

Originally Posted by Pipe_Dream

An increased supply of oil from Canada, an ally, would mean a decreased dependency on Middle Eastern and Russian supplies (you know, the folks Biden asked to increase production). Increased availability of oil means lower prices for consumers - everywhere. It also means greater US leverage over the Middle East and Russia. How difficult is that to grasp?

In case you thought this was oil headed to the USA - it was headed overseas - not here.
Keystone was never popular - read why

[Destroyer]

Originally Posted by bgreene

In case you thought this was oil headed to the USA - it was headed overseas - not here.
Keystone was never popular - read why

We don't need Keystone's oil... The world does. We (the US) gets almost all it's oil from 3 sources.... Domestic, Canada and Venezuela. We get almost nothing from the Arabs.

But in case you still don't understand, here's an example:
Let's say there are X gallons of oil available to the world every day and the price is Y, then by increasing X you decrease Y. It's simple supply and demand. That pipeline would have increased the worlds supply and so the price of oil and oil products would have decreased at all levels. (To say nothing of the jobs it would have produced here in the US, as well as the leverage it would have given us in world affairs).

By stopping the pipeline and the leasing of Federal lands for oil exploration he (Biden) made a lot of people in the stock market very nervous. They've pulled back their money and are now taking a wait and see attitude. Waiting to see what further "Green Energy" initiatives Biden and the Dem's are going to try to get through Congress and how that will effect stock prices. That scarcity of money has slowed exploration of non Federal Lands and all that uncertainty is helping fuel the inflation that Biden's presidency has caused.

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[Pipe_Dream]

Originally Posted by bgreene

In case you thought this was oil headed to the USA - it was headed overseas - not here.

Even if that's true it's irrelevant. Oil is a global commodity. Worldwide supply directly influences worldwide prices. Is that really so difficult a concept to grasp?

[bgreene]

Originally Posted by Pipe_Dream

Even if that's true it's irrelevant. Oil is a global commodity. Worldwide supply directly influences worldwide prices. Is that really so difficult a concept to grasp?

We have 600 million gallons in our strategic reserve .
Smart that we use some now

[Pipe_Dream]

Smart to use it when your polling numbers are crashing, you mean?

[bgreene]

Originally Posted by Pipe_Dream

Smart to use it when your polling numbers are crashing, you mean?

Nice pick of Joe

[Destroyer]

Originally Posted by bgreene

We have 600 million gallons in our strategic reserve .
Smart that we use some now

Smart?

Of the 50 million barrels (not gallons) 18 million were already allocated in the BBB "Infrastructure bill to be sold to help pay for it.

From what I heard today, he also sold the remaining 32 million barrels. NONE of it went to the American public. I cannot confirm that last part, but it seems reasonable to believe that the smoke and mirror Democrats would do exactly something like that.

That oil was in storage to be used in an emergency like a war. That's why it's called the "Strategic Reserve". There's nothing strategic about how 50 million barrels were just squandered.

Oh, and 50 million barrels is only a 2 and a half day supply for the United States at our present level of consumption. So exactly HOW would it have helped anyone?

Fact #676: U.S. Refiners Produce about 19 Gallons of Gasoline from a Barrel of Oil. A standard U.S. barrel contains 42 gallons of crude oil which yields about 44 gallons of petroleum products. The additional 2 gallons of petroleum products come from refiner gains which result in an additional 6% of product.
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[bgreene]

Originally Posted by Destroyer

Smart?

Of the 50 million barrels (not gallons) 18 million were already allocated in the BBB "Infrastructure bill to be sold to help pay for it.

From what I heard today, he also sold the remaining 32 million barrels. NONE of it went to the American public. I cannot confirm that last part, but it seems reasonable to believe that the smoke and mirror Democrats would do exactly something like that.

That oil was in storage to be used in an emergency like a war. That's why it's called the "Strategic Reserve". There's nothing strategic about how 50 million barrels were just squandered.

Oh, and 50 million barrels is only a 2 and a half day supply for the United States at our present level of consumption. So exactly HOW would it have helped anyone?

Fact #676: U.S. Refiners Produce about 19 Gallons of Gasoline from a Barrel of Oil. A standard U.S. barrel contains 42 gallons of crude oil which yields about 44 gallons of petroleum products. The additional 2 gallons of petroleum products come from refiner gains which result in an additional 6% of product.
.

I’ve checked your so called facts several times and found you wrong each time .
Such as the time you tried to claim popularity rating was based on general population till I fight you and you had to walk it back with “ oh Um gee wiz i meant among independents “
Yeh sure ……..

[Destroyer]

Originally Posted by bgreene

I***8217;ve checked your so called facts several times and found you wrong each time .
Such as the time you tried to claim popularity rating was based on general population till I fight you and you had to walk it back with ***8220; oh Um gee wiz i meant among independents ***8220;
Yeh sure ***8230;***8230;..

Yep, You keep quoting it like some it's kind of trophy for you. It's the one and only time that I made a mistake/typo/error, that I readily admitted to with a link as proof that what I said was true among independents.

As to that mistake on my part, so what???

This is a post about oil and using the STRATIGIC RESERVE to help pay for the Infrastructure bill nonsense. The 18 million barrels are right in the bill. Look it up. As to the other 32, like I said, I could not confirm that it was sold also, but it seems logical. And in all cases the entire 50 million barrels would only last 2 and a half days IF (and that's a big IF) it all went to the American public. To me, it looks like a raid by the Democrats to help pay for the Infrastructure bill). IMHO

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