They’re dumping and still doing nothing to prices
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They’re dumping and still doing nothing to prices
Ryder Clark
Levi Lewis
>Buying a peak prices
Even the US government is not that dumb.
Noah Roberts
Some tiny % has been sold and they've gotten to sell it at massive premium, they can fill it again when it's lower priced if needed
America's oil production has gone up dramatically since the strategic petroleum reserve was filled so you need much less to go longer. The person very strangely doesn't account for production at all.
Bentley Jones
>When it's lower priced
HAHAHAHAHAHA
Nolan Kelly
funny how it got filled up during the Iraq war. Looks like we need a new country to invade to fill up the tank.
John Parker
>massive oil reserve peak starting in 2001 and skyrocketing in 2003
hmm...
Jonathan Murphy
Nothing to see here. This is the Putin dump.
Zachary Phillips
why would oil ever be a lower price? OPEC is at max production, US and EU have cut their production and stopped investment (Green), and USD (petrodollar) inflation is sustained >10% with no change in US trade or spending policies. gas will never be under $5/gal again, and Oil unlikely under $90/barrel ever again. $150/barrel is more likely than getting back to Trump era prices.
the problem remains the West demanss way more energy in trade than goods it provides in exchange (trade). Western services are too expensive to buy in the 3rd world making the trade imbalance structural. USD being world reserve currency means the trade deficits are financialized and become structural--until the burden on the structuee exceeds design limits and you get decoupling and deglobalization (collapse of USD).
then people will pay and trade in balanced and fair terms. oil $200 but the same price as now in Yuan. with this kind of price expectation, no one prefers to sell oil today in USD because they can sell it tomorrow for even more USD; this problem does not effect non-dollar trades.
Cooper Stewart
Why the fuck would it change anything at all? This is a long term issue. Any kind of stockpile is merely a buffer to prevent the supply chains from collapsing until whatever disaster, man made or otherwise, is resolved. In this case that's systemic terminal internal corruption. It's unsalvageable. The globohomo don't want production in the US, nor do they want pipelines to Canada or what's good for the people. Obviously it's going to crash and burn. Sanctioning Russia that badly, threatening India and China too also isn't a good look. If SA ditches the dollar for Yuan, the US is fucked. Don't think they're willing to go that far, however, because they know what would happen if they tried.
Tyler Torres
I work in the energy business.
The Strategic Reserve is a complete non-factor in terms of daily US oil production and use of petroleum products.
The media just constantly reports on it, because it behooves them to make it seem like the federal government is in control and that everything it does is important.
Stop paying attention when those assholes talk about it. Just stop.
Please reply to this post affirmatively that you understand and acknowledge this, and OP delete this thread.
Parker Gomez
You chuds know the price of oil is down like 20% in a week right?
Some of you seem to be hyperventilating like women that the world is over when in reality the oil makert does this every 12 years and the price does eventually go back down
Nolan Brooks
>>Buying a peak prices
>Even the US government is not that dumb.
I thought Trump restocked the Oil Reserve when the price was low.
Easton Nelson
the sign says chucks
>911
checked
Dominic Long
>The Strategic Reserve is a complete non-factor in terms of daily US oil production and use of petroleum products.
Does the oil in the Reserve go into general public supply or is it used for government use (specifically military)?
I thought it was for emergency use not to try and lower gas prices (for political ratings)....
Jace Roberts
He did. Now there's a nickel price drop for a few weeks before costs shoot back up again. The globohomo establishment isn't very bright.
Eli Collins
idiot, volatility is not pricing, its price discovery.
Noah Phillips
Agree, the stockpile is like 70 mil barrels (why the graph uses in '000 barrels is retarded beyond belief) and the world produces 90 mil barrels a DAY. This is some lol territory. You can affect prices by 20% for one day lmao.
Asher Anderson
>and still doing nothing to prices
yeah, because everyone involved in the refining and distribution is pocketing those profits, kek
it's just your typical wealth transfer from the tax payer to megacorps.
even a couple days of delay for passing on the price drops will lead to billions of extra profit
Kevin Gonzalez
Oilfields are barely producing anything right now. They have a legitimate labor shortage.
Grayson Gray
Not my problem
Josiah Russell
>They’re dumping and still doing nothing to prices
You need to impose an export ban first, then release oil reserves.
Democrats fuck everything up, per usual.
Jace Jones
Kek congratulations you're the biggest dumb gorilla nigger on this board