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Biden Pitches Plan to Refill Oil Reserves, but Producers Are Skeptical
The Wall STreet Journal ^ | 10/24/22

Posted on 10/24/2022 4:30:47 AM PDT by EBH

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To: EBH

The Chinese must be demanding more oil.


21 posted on 10/24/2022 5:25:22 AM PDT by Spok (Homelessness will not be solved by incentivizing it; it must be made harder, not easier.)
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To: EBH

He depleted reserves built up by Trump at 19 bucks a barrel, and will have to pay 80 a barrel to replace it.


22 posted on 10/24/2022 5:30:54 AM PDT by weezel
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To: EBH

He depleted reserves built up by Trump at 19 bucks a barrel, and will have to pay 80 a barrel to replace it.


23 posted on 10/24/2022 5:30:54 AM PDT by weezel
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To: moovova

Biden keeps touting his “accomplishments”......telling voters that this election is about “my accomplishments as a leader and not about the challenges you’re experiencing.”


24 posted on 10/24/2022 5:31:04 AM PDT by Liz (MAN PROPOSES.......... GOD DISPOSES )
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To: Liz

“Biden keeps touting his “accomplishments”...”

An incredibly short list! LOL


25 posted on 10/24/2022 5:47:10 AM PDT by moovova
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To: EBH
Do I laugh or cry?

That is the question every day with this admin.

26 posted on 10/24/2022 5:47:54 AM PDT by Rummyfan (In any war between the in civilized man and the savage, support the civilized man. )
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To: moovova

He just makes it up.


27 posted on 10/24/2022 5:49:19 AM PDT by Liz (MAN PROPOSES.......... GOD DISPOSES )
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To: Leaning Right

Despite this unprecedented draining of our emergency supply, here we are still sitting at gas prices still 1.50 - 2 dollars more than it was before he took over. Theres no upside to any of this for Biden. Hes either admitting failure in regards to antagonizing the energy sector or making another hollow attempt at gaslighting folks into not believing what theyre seeing and feeling each time they fill up.


28 posted on 10/24/2022 5:51:17 AM PDT by MrRelevant
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To: EBH

The fascist Dems are both evil AND stupid: FedGov buying massive amounts of petroleum will increase prices even more


29 posted on 10/24/2022 5:54:44 AM PDT by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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To: EBH

Where can I get some of that $2/gal gas he is talking about?


30 posted on 10/24/2022 5:54:51 AM PDT by bray (The Vax is fake and deadly)
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To: EBH

Officials also said the department has made a final rule that would allow it to purchase crude at a fixed future price, which they hope would encourage producers to drill more.

The administration made it their overt policy to destroy the oil industry. Now the administration wants the industry to drill more. Zero economic logic.


31 posted on 10/24/2022 5:55:33 AM PDT by Flick Lives (Cui bono)
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To: EBH

Full speed ahead. Reverse all engines. Try to pull up those anchors. See if they can find those engines we threw overboard. I need ice cream NOW! And have those sailors I had shot report to duty immediately. Which side is port?


32 posted on 10/24/2022 5:56:58 AM PDT by gitmo (If your theology doesn't become your biography, what good is it?)
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To: EBH
Jao Bai-din has a three part plan for our strategic oil reserves; buy high, sell low, and give away all he can to his handlers in China.
33 posted on 10/24/2022 6:00:57 AM PDT by T.B. Yoits
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To: moovova

His “accomplishments” could fit on a postage stamp.


34 posted on 10/24/2022 6:09:19 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Carriage Hill; SaveFerris
His “accomplishments” could fit on a postage stamp.

It would be a leaflet, even shorter than "Famous Jewish Sports Legends".

35 posted on 10/24/2022 6:10:47 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: EBH
Mr. Biden said Wednesday that oil companies shouldn’t be using their profits for investor payouts during the war in Ukraine and urged them to increase production.

Here is his plan - bully producers to produce more.

36 posted on 10/24/2022 6:24:58 AM PDT by Opinionated Blowhard (When the people find that they can vote themselves money, that will herald the end of the republic.)
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To: EBH

We could have done it back when oil was $25.00 a barrel.

Every single Dem voted to block it.

Never forget that.

L


37 posted on 10/24/2022 6:29:14 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: EBH

C’mon, guys. I’ll pay you $25 a barrel. Drill, baby, drill.


38 posted on 10/24/2022 6:30:41 AM PDT by Eleutheria5 (Free country? Good morning, Rip. )
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To: _longranger81

“Exactly how ****ing stupid can a person be?”

Here is a FB post from a die hard lib (and Navy Vet):

“Fuel prices and Inflation increases are worldwide problems. President Biden is not responsible either.

The issue in November’s election is about freedom for all people in the US, regardless, of skin color, sexual preferences, religion, or ethnicity.”


39 posted on 10/24/2022 6:41:45 AM PDT by where's_the_Outrage? (Drain the Swamp. Build the Wall.)
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To: EBH

Are We Paying Triple for A Tank of Gas?

Probably, because today’s price is based on Biden’s strategic reserve sales. We pay for that oil when we buy it to fill the spr, and we will pay again when we refill it after biden uses it to help democrats’ election hopes. My guess is today’s gallons at the pump cost us at least double per gallon, probably triple.


40 posted on 10/24/2022 7:00:05 AM PDT by xzins (Retired US Army chaplain. Support our troops by praying for their victory. )
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