Domestic oil production booming under Biden

[Into the Night]

They don't.

Every single oil company constrains its supply in order to achieve the highest possible profit margins.

Nothing. Else. Matters.

Discard of capitalism.

 

[Into the Night]

Why do you think they cut production or don't drill on the 1000's of leases they have? Because they make the most money when oil is at its highest price. And oil is at its highest price when the supply is at its lowest.

Again, I should be getting paid for teaching you the basics of capitalism.

Cancelling permits is not capitalism.

 

[Into the Night]

Price gouging for oil is decreasing production in order to decrease supply and increase the price.

Again, I should be getting paid for teaching you this.

Discard of capitalism. There is no such thing as 'price gouging'.

 

[Into the Night]

It was $4.69 in May, now it's $3.28.

That is a 30% decline.




Well maybe you and Trump should have shut your fucking mouths about COVID and let the pros handle it.

But you couldn't control yourself, so we got a pandemic.

So you have no one to blame but yourself.

No, it isn't.

 

[Into the Night]

A pandemic is an emergency.

No, it isn't.

And the oil that was released from the reserve was only accessible by Americans and American refineries.

So the strategic reserve was quite literally strategically released.

No it wasn't.

 

[Matt Dillon]

Really? Where is that written?

Why do you think releasing oil to American consumers and refineries is squandering it?

What a goddamned fucking crybaby you are.

Just a fucking loser wrapped in a whiner, posturing as a loudmouth dipshit.

I don't expect much more out of you anyway, and neither does anyone else.

I thought you were "done with me", but here you are popping up in my notifications again.

You are so thirsty for me...I'm not gonna fuck you. No one is.

Yes, you created one.

You said that what Biden released from the strategic reserve was so insignificant, it didn't impact gas prices

BUT THEN YOU ALSO SAY that Biden depleted the strategic reserve!

Well, it's not much of a strategic reserve if a nominal amount of oil can deplete it completely, is it?

So once again, your dissonance is coming out.

 

[Into the Night]

Really? Where is that written?

In the law that created it.

 

[Into the Night]

Why do you think releasing oil to American consumers and refineries is squandering it?

RQAA.

 

[Into the Night]

What a goddamned fucking crybaby you are.

Just a fucking loser wrapped in a whiner, posturing as a loudmouth dipshit.

I don't expect much more out of you anyway, and neither does anyone else.

Assumption of victory fallacy. Omniscience fallacy. Insult fallacies. Bulverism fallacy.

 

[Matt Dillon]

It's not a safety net, it's a strategic reserve...and Biden strategically released those reserves to US producers and consumers in order to lower energy prices...WHICH HE DID.

What else is the strategic reserve there for?

Military operations, you fucking retard. All posts addressed to you will now include some form of "retard" in them. You can bet your ass on that.

^ I may just just make that my signature, you fuckin' retard!

 

[ExpressLane]

Military operations, you fucking retard. All posts addressed to you will now include some form of "retard" in them. You can bet your ass on that.

^ I may just just make that my signature, you fuckin' retard!

She is a total waste of time to argue with. She will lie at the drop of a hat.

 

[Matt Dillon]

She is a total waste of time to argue with. She will lie at the drop of a hat.

Been burnin' up my replies for days. I'm pissed off!

 

[ExpressLane]

Been burnin' up my replies for days. I'm pissed off!

Ignore is a wonderful tool.

 

[Matt Dillon]

Ignore is a wonderful tool.

Thank God it isn't another LV246 quote. I think I may have stopped that bullshit for a minute.

I'm not one to ignore people. Ignore is for sissies.

 

[ExpressLane]

Thank God it isn't another LV246 quote. I think I may have stopped that bullshit for a minute.

I'm not one to ignore people. Ignore is for sissies.

I tend to agree but I have a couple on ignore right now and it is blissful. I'll probably let them off in a couple of months.

 

[gfm7175]

Yeah, no. Also I'm done dealing with your stupidity.

Fuck off, you're a waste of oxygen and my time.

Understandable. I can only take so much of his stupidity/spamming/trolling/etc also.

 

[Walt]

What data? It's a picture of a graph that coukd have been drawn by a sixth grader like Brandon.

So you think the US Department of Energy employs a bunch of sixth graders to collect data? That seems far fetched to me.

 

[Stringfellow Hawk]

You don't get to exclude the parts of the data you don't like.

Others I could claim every Democratic president of the last 100 years has only seen positive GDP growth and no recessions.

The title of the thread said oil production is booming.

If economic GDP is 4.4% growth we can say it's booming, even if peak GDP was 4.5% five years earlier.

you cherry picked and got caught, take your lumps dummy

 

[Matt Dillon]

Oh man...you're in trouble now because what you linked to not only explains how capitalism is to cause for the Steel industry, but also the oil industry:



Now substitute "oil" for "steel" here and you'll all of a sudden magically understand what I've been talking about this whole time.

Artificially low prices caused by excess capacity of steel = Artifically low prices caused by excess capacity of oil.

And excess capacities are not good for profit margins, like your link says.

So...that means that drilling more and producing more oil reduces the profit margin of the oil companies, so they constrain supply to keep the price high.

I should get paid for explaining Capitalism to idiots.

Newsflash, fucktardo: Oil is not steel. Go use an oil Hammer, fucktard.

 

[Port Tack]

Drilling in designated areas, twit.

Biden has increased oil production over trump and done it without allowing it on federal lands.