Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
So you admit in your scenario you are replacing a barrel of oil for more money per barrel than the barrel you just sold.Scenario 1: Buy oil for $20 and you have a Barrel you paid $20 for.
Scenario 2: Buy oil for $20 sell it for $95 and buy it again at $79. You now have a barrel of oil you paid $4
That is $95 -$20-$79 which is -$4 vs just -$20.
THE MATH IS EASY. You are just confused at your age and I apologize for making fun of you in your confusion. Seriously though you are confused.
He dropped fuel prices by a penny a gallon, that is what he saved American consumers, for about a month, so we thank Biden for gas being $4.99 a gallon and not $5 a gallon for a month.That is a fair point. Right now we are flush with $17B in cash and can replace the oil for $14B. That will be $3B in profit. Plus he saved gas consumers about $1B by lowering prices. That is in the past. You can send a thank you note to 1600 Pennsylvania ave.
I swear. It’s amazing you get through life without hurting yourself. You already have the oil. It’s sitting in a reserve.
If you have 1 barrel of oil in the reserve your choices are:
1. DO NOTHING… you have a barrel of oil
2. SELL IT FOR $95 and buy it back for $79… you have a barrel of oil AND $16.
Are you fucking serious?He should have thought of before selling so much oil from the Reserve
YOu will never get this concept through to them. They cannot wrap their heads around things like this.I swear. It’s amazing you get through life without hurting yourself. You already have the oil. It’s sitting in a reserve.
If you have 1 barrel of oil in the reserve your choices are:
1. DO NOTHING… you have a barrel of oil
2. SELL IT FOR $95 and buy it back for $79… you have a barrel of oil AND $16.
Any port in a storm for biden apologists"Economics major" Citygator claims Tater made us money.
I am very seriousAre you fucking serious?
Hopefully they didI bet the idiot didn't even go to community college.
Maybe tomorrow or down the road it can be had for 10% less.Becuase buying too much at once will raise the price.
Then you guys will all be blaming him for that.
In another instance, when a President slaps multiple executive orders at the domestic oil and gas industry resulting in higher costs, more regulations compared to their global competitors, and restricting drilling and production infrastructure, this executive orders are necessarily going to have an inflationary impact on costs which will result in higher prices.In that instance the added oil supply reduced prices by 17-24 cents. Prices would have been higher. It saved consumers $924M.. about.
See post #63, Vermin.
A profit? Where is the profit in $3 billion of new deficit spending?We sold it for $17.3B and will have to buy it back at $14.2B.. That is $3B in profit at that price.
Posts crap like this^ , Calls Joe Biden "stupid".I am very serious
Biden stupidly tipped his hand when he promised the little snowflake that he would get rid of oil
Then he panicked when prices went up and his poll numbers went down
$Billions of dollars in deficit spending will reduce the deficit?If you sell it for $95 and buy it for $79 it reduces the deficit. You should be able to understand that without all of the fancy degrees I have. Also, the release lowered prices 17-24 cents a gallon. It leveraged an unused resource to ease the life expenses for you. You should be thankful.
There is also that.Maybe tomorrow or down the road it can be had for 10% less.
