October surprise? Why OPEC's planned price hike could pummel Democrats

Perry Phimosis said:
Yeah, saw this this morning. It's a tough one, though. OPEC+ wants to hedge their bets against a possible recession and decrease in demand which would crater the prices for them. Can't really blame capitalists for being capitalists I suppose. (And this has nothing to do with Keystone which was meant to pump Alberta tar sands oil down to ports to be exported and sold elsewhere. That oil wasn't intended for the US and won't see the US)

But by the same token if the Middle East and associated folks (including Russia) want America controlled by the Right again this is the best possible time to do this. It will definitely aid the GOP in retaking the legislature.

This might actually work to Russia's goals given the GOP's current preference for Russian autocrats, but I don't think it will be great for most of the other OPEC+ members.

Driving by the gas station the other day made me glad I went EV.
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Pretty much what this is about, although U.S companies are no better.

Don't you find it cute that those who reference the XL pipeline that went nowhere under trump, don't know the first thing about it?
 
LV426 said:
Wait wait wait...so now you are agreeing with me in that OPEC controls the global market and can increase or decrease the price per barrel at their will, and there's nothing we in the US can do about it.

ISN'T THAT WHAT I'VE BEEN SAYING THIS ENTIRE FUCKING TIME??????

And now you're gonna pretend like you made this revelation to everyone's surprise...even though I've been saying that same thing for years and you've been arguing with me about it.

FFS, are all Conservatives just full of shit like this? Well, we know they all want to stare at naked kids.
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ExcessPain can barely complete a sentence without racist hate. Now you're expecting him to grasp the intricacies of the global economy? You're a little above his "pay grade", my friend. He's still trying to figure out how to work the fly on his pants so he can stop peeing himself.
 
Perry Phimosis said:
Hunter wasn't involved in Russia. You are thinking of Ukraine.

As for the prostitutes, you may be thinking of whoremaster Trump.
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Hunter received money from the mayor of Moscow wife. And we have video an email documentation of Hunter using Russian whores who were emailing Russia. All you have is a bunch of fake dossier BS.
 
LurchAddams said:
ExcessPain can barely complete a sentence without racist hate. Now you're expecting him to grasp the intricacies of the global economy? You're a little above his "pay grade", my friend. He's still trying to figure out how to work the fly on his pants so he can stop peeing himself.
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Everyone here knows Lurch is mentally disturbed. We are praying medical science can help but I fear his case is too severe for help.
 
Concart said:
Thanks for your full throated admission that Biden doesn't control oil/gas prices.
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He does control the EPA and has weaponised it to control fossil fuels.

Even as Americans are struggling with $5 gas and record-breaking inflation, team Biden continues to double down on their political commitments to ‘end all fossil fuels,’” according to former EPA Chief of Staff Mandy Gunasekara.

The EPA's latest wheeze is to focus on ozone emissions, total insanity.

https://twitter.com/x/status/1541494240538234881
 
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Primavera said:
He does control the EPA and has weaponised it to fossils fuels

Even as Americans are struggling with $5 gas and record-breaking inflation, team Biden continues to double down on their political commitments to ‘end all fossil fuels,’” according to former EPA Chief of Staff Mandy Gunasekara
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Can you imagine if we actually transitioned from fossil fuels eventually?

We wouldn't have to worry about any of this.
 
ExpressLane said:
Actually MAY BE EXPORTED is more correct. Basically we export sweet crude then process sour that we buy at a discounted price. We sell refined products wherever we can make the most money. If that is in the US they go to the US. Of course shipping costs also play a factor.
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What gives you the impression that the Texas oil refineries are American companies?
 
Natural gas prices here in Washington are in the process of being raised about 25% by Jan, as West Coast natural gas storage for winter is down 15% from where it should be with only one month to go in injection season.

Energy prices are exploding everywhere, exactly what the Revolution has been working towards.

Buckle Up Fuckers....This is going to hurt.
 
ExpressLane said:
Then why did he sell off so much of the Strategic Oil Reserve. Did he do that to just put us at a strategic disadvantage?
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trump?

The Trump administration sold oil from the U.S. strategic reserves to China's largest oil producer in 2017, according to government data reviewed by Axios.
Why it matters: Republicans in Congress are demanding investigations into the Biden administration's recent release of oil to a China-owned firm with which the president's son Hunter once had business dealings.

  • Former President Trump and conservative media personalities have also criticized the sale of 950,000 barrels of strategic petroleum reserves to Unipec, a subsidiary of China's state-owned Sinopec.
  • But documents show that, like the current administration, the Trump administration also sold to the highest competitive, non-sanctioned bidders, including Chinese companies, as is required by law.
 
Althea said:
And then trump ordered them to slash production

Hoping higher oil prices would garner votes from the industry.

https://thehill.com/policy/energy-e...ill-cut-oil-production-to-secure-global-deal/
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Umm in April of 2020 the oil industry was collapsing and oil was $16.55 which is clearly not sustainable. Trump reduced oil exports by filling the SOR. There is no way for the government to prevent oil producers from producing and it is against the law for them to cooperate together to reduce or increase the production of oil. That cheap oil that Trump put into the reserve is now being sold by Biden putting us at increased strategic risk. God forbid a hurricane severely damage our gulf cost drilling rigs.



U.S. antitrust law prohibits oil companies from coordinating their production, and there is no direct mechanism for the government to dictate production levels to private oil companies.
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https://thehill.com/policy/energy-e...ill-cut-oil-production-to-secure-global-deal/

The administration’s main method for alleviating oversupply issues has been an effort to fill the nation’s Strategic Petroleum Reserve with 77 million barrels of U.S. crude,
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