Biden asks Opec to produce more oil !

[surada]

There is no reason for prices to rise. The demand is being fully met and OPEC learned no matter what they do, the markets will do whatever they want.

Martian can't read.

"OPEC+ agreed in July to boost output by 400,000 barrels per day a month starting in August until its current oil output reductions of 5.8 million bpd are fully phased out."

 

[TNHarley]

As usual the right wing wackos keep pushing the false premise that the POTUS has direct control over oil prices/production..which is BS...Current World Oil Market | EME 801: Energy Markets, Policy, and Regulation

They dont control them but they can effect them. Policies, regulations etc.

 

[surada]

You dont understand what energy independence is.
We produced more energy than we used. Thats energy independence.

Nope. We produce 10-11 million bpd and use 19 million bpd.

 

[Synthaholic]

The hits keep coming!



LONDON, Aug 16 (Reuters) - OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise, four sources told Reuters.

The price of international benchmark Brent crude has risen 35% this year towards $70 a barrel, driven by economic recovery from the pandemic and supply restraint by the Organization of the Petroleum Exporting Countries and its partners in the alliance known as OPEC+.

Last week, U.S. President Joe Biden's administration urged the producer group to boost output to tackle rising gasoline prices it sees as a threat to the global economic recovery. read more

OPEC+ agreed in July to boost output by 400,000 barrels per day a month starting in August until its current oil output reductions of 5.8 million bpd are fully phased out.

Should have bought a hybrid or an electric. Snooze/lose.

 

[TNHarley]

Nope. We produce 10-11 million bpd and use 19 million bpd.

Wrong Again.
We arent talking about today. The claim was
Canadas oil would have come in handy right about now. Better yet, weren't you guys just energy independent only a few months ago?

I don't get it.
He was referring to the trump years.
Please read and learn.

The United States Was Energy Independent in 2019 for the First Time Since 1957

U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years. Thus, the…

www.instituteforenergyresearch.org

Oil imports and exports - U.S. Energy Information Administration (EIA)

U.S. crude oil imports sources including OPEC and Persian Gulf, and top five source countries of U.S. oil imports and destinations of U.S. crude oil exports.

www.eia.gov

 

[harmonica]

ANOTHER Biden fk up----

 

[John T. Ford]

You dont understand what energy independence is.
We produced more energy than we used. Thats energy independence.

Dumbass Leftist don't understand anything about energy independence or what Biden has done to this Country.

 

[pknopp]

Oil down 1.5% right now.

 

[B. Kidd]

Coffee is ready to go through the roof, too!
Roasters are paying 44% more right now for beans.

 

[John T. Ford]

ANOTHER Biden fk up----

Could it be considered a fk up if it's done intentionally?

 

[harmonica]

John T. Ford yes

 

[John T. Ford]

Coffee is ready to go through the roof, too!
Roasters are paying 44% more right now for beans.

My grocery bills for everything keeps going through the roof.

 

[Bootney Lee Farnsworth]

The hits keep coming!



LONDON, Aug 16 (Reuters) - OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise, four sources told Reuters.

The price of international benchmark Brent crude has risen 35% this year towards $70 a barrel, driven by economic recovery from the pandemic and supply restraint by the Organization of the Petroleum Exporting Countries and its partners in the alliance known as OPEC+.

Last week, U.S. President Joe Biden's administration urged the producer group to boost output to tackle rising gasoline prices it sees as a threat to the global economic recovery. read more

OPEC+ agreed in July to boost output by 400,000 barrels per day a month starting in August until its current oil output reductions of 5.8 million bpd are fully phased out.

YES!!!!

Let's tear down Kyle Field and rebuild it in SOLID FUCKING GOLD!!!!



MORE MONEY FOR TEXAS!!!!

 

[surada]

Wrong Again.
We arent talking about today. The claim was
Canadas oil would have come in handy right about now. Better yet, weren't you guys just energy independent only a few months ago?

I don't get it.
He was referring to the trump years.
Please read and learn.

The United States Was Energy Independent in 2019 for the First Time Since 1957

U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years. Thus, the…

www.instituteforenergyresearch.org

Oil imports and exports - U.S. Energy Information Administration (EIA)

U.S. crude oil imports sources including OPEC and Persian Gulf, and top five source countries of U.S. oil imports and destinations of U.S. crude oil exports.

www.eia.gov

Bloomberg - Are you a robot?

www.bloomberg.com

 

[WTF19]

The US hasn't been energy independent. We still import 7.5-8 million bpd from Canada, VZ, Mexico... less during 2020..

Trump decided to punish Venezuela so now we're buying from Russia.

delusional
up til january, USA largest producer of crude, natural gas

 

[surada]

delusional
up til january, USA largest producer of crude, natural gas

We still are and we still import oil from VZ, Mexico, Canada and now Russia.

 

[toobfreak]

OPEC told Biden to shove it​

Look at that. The world over doesn't love Joe after all!

 

[WTF19]

The US hasn't been energy independent. We still import 7.5-8 million bpd from Canada, VZ, Mexico... less during 2020..

Trump decided to punish Venezuela so now we're buying from Russia.

WRONG---xiden decided to help russia, and fuck AMERICA---AGAIN

 

[busybee01]

The hits keep coming!



LONDON, Aug 16 (Reuters) - OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise, four sources told Reuters.

The price of international benchmark Brent crude has risen 35% this year towards $70 a barrel, driven by economic recovery from the pandemic and supply restraint by the Organization of the Petroleum Exporting Countries and its partners in the alliance known as OPEC+.

Last week, U.S. President Joe Biden's administration urged the producer group to boost output to tackle rising gasoline prices it sees as a threat to the global economic recovery. read more

OPEC+ agreed in July to boost output by 400,000 barrels per day a month starting in August until its current oil output reductions of 5.8 million bpd are fully phased out.

It was Donald Trump who brokered a agreement to cut production.

 

[surada]

Wrong Again.
We arent talking about today. The claim was
Canadas oil would have come in handy right about now. Better yet, weren't you guys just energy independent only a few months ago?

I don't get it.
He was referring to the trump years.
Please read and learn.

The United States Was Energy Independent in 2019 for the First Time Since 1957

U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years. Thus, the…

www.instituteforenergyresearch.org

Oil imports and exports - U.S. Energy Information Administration (EIA)

U.S. crude oil imports sources including OPEC and Persian Gulf, and top five source countries of U.S. oil imports and destinations of U.S. crude oil exports.

www.eia.gov

There was no demand in 2020 because of covid, but the first three years of the Trump administration we imported oil from Canada, Mexico, Venezuela and then Russia.