What’s President Biden been doing - a lot

bgreene said:
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.
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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?
 
Pipe_Dream said:
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?
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In case you thought this was oil headed to the USA - it was headed overseas - not here.
Keystone was never popular - read why
 
bgreene said:
In case you thought this was oil headed to the USA - it was headed overseas - not here.
Keystone was never popular - read why
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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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bgreene said:
In case you thought this was oil headed to the USA - it was headed overseas - not here.
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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?
 
Smart to use it when your polling numbers are crashing, you mean?


FE56yZOWQAEsqx-
 
bgreene said:
We have 600 million gallons in our strategic reserve .
Smart that we use some now
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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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Destroyer said:
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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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 ……..
 
bgreene said:
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;..
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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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The oil in our strategic supply is actually heavy crude and not the best for industrial use .
We can afford to purge some of it - use some .
600 MILLION barrels worth stored in the salt caves.
 
bgreene said:
The oil in our strategic supply is actually heavy crude and not the best for industrial use .
We can afford to purge some of it - use some .
600 MILLION barrels worth stored in the salt caves.
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Heavy crude is what is used in industrial applications. #2 bunker oil is the thickest. (So thick it usually has to be warmed before it will flow) It's used in most ship's boilers and in industrial applications.

Brent crude is a much lighter oil and is usually used to make various fuels, etc. used in transportation applications.

ALL oil can be cracked/distilled to make fuels. But the grade of the oil determines the amount of fuel (Gas, Diesel, Kerosene, JP2, JP4, JP5, etc.)
that you can get out of each barrel.

Thank you for making the decision that we can afford to use some of it to pay for an Infrastructure bill. I'm sure our soldiers. sailors and airmen that might have to depend on that oil for fuel for their war machines are much relieved to know that it's ok with you to sell it off.
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Destroyer said:
Heavy crude is what is used in industrial applications. #2 bunker oil is the thickest. (So thick it usually has to be warmed before it will flow) It's used in most ship's boilers and in industrial applications.

Brent crude is a much lighter oil and is usually used to make various fuels, etc. used in transportation applications.

ALL oil can be cracked/distilled to make fuels. But the grade of the oil determines the amount of fuel (Gas, Diesel, Kerosene, JP2, JP4, JP5, etc.)
that you can get out of each barrel.

Thank you for making the decision that we can afford to use some of it to pay for an Infrastructure bill. I'm sure our soldiers. sailors and airmen that might have to depend on that oil for fuel for their war machines are much relieved to know that it's ok with you to sell it off.
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“ A drop in the bucket “
 
bgreene said:
And oil prices just fell 13% yesterday on covid concerns.
We don’t need to sit on 600 million barrels of oil in caves.
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Not sure if it was 13%, but that's on the stock market and not at the pump. Sure, it's probable that ultimately it's a good thing but what does it have to do with selling off our Strategic Reserve oil? Oil that was put into the ground as protection of our Country. I thought you said you were a patriot? How is weakening our logistical standing patriotic? :head:

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Destroyer said:
Not sure if it was 13%, but that's on the stock market and not at the pump. Sure, it's probable that ultimately it's a good thing but what does it have to do with selling off our Strategic Reserve oil? Oil that was put into the ground as protection of our Country. I thought you said you were a patriot? How is weakening our logistical standing patriotic? :head:

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Oil price just dropped by 13 % . Calm down
 
bgreene said:
Oil price just dropped by 13 % . Calm down
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Actually it's going back up again. WTI was trading at $68.18 a barrel 3 days ago, and right now it's @ $71.31. Brent Crude (a much lighter oil that most gasoline comes from) is at $75.32 a Barrel today, up $2.43 from yesterday.

In all cases, this is the cost of crude oil, and not reflected in prices at the gas pump at this time. We all know from experience that any price increase is instantly reflected at the pump but any decrease usually take 2-3 weeks (if at all) to make it to the pumps.

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Destroyer said:
Actually it's going back up again. WTI was trading at $68.18 a barrel 3 days ago, and right now it's @ $71.31. Brent Crude (a much lighter oil that most gasoline comes from) is at $75.32 a Barrel today, up $2.43 from yesterday.

In all cases, this is the cost of crude oil, and not reflected in prices at the gas pump at this time. We all know from experience that any price increase is instantly reflected at the pump but any decrease usually take 2-3 weeks (if at all) to make it to the pumps.

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Correct
 
bgreene said:
Correct
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Of course. But what does this have to do with selling some of our Strategic Reserve?

Oh, and here's a nifty little fact for everyone.... That internet infrastructure part of the Infrastructure bill for 50+ billion dollars? Guess where 32 Billion+ is going. The US Government will own the pipe line. So just like Google they will be able to see where everyone on that pipeline is going, what they are watching, what they are saying. In short they will be able to spy on anyone connected to that pipe.

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