Biden Administration Grasping At Straws

[esmith]

Seems that things are continuing to go down the proverbial drain for the current adminstration that they are resorting to gimmicks.
Biden is releasing 50 million barrels of oil from the U.S. Strategic Petroleum Reserveoil due to high gas prices. However this is nothing more than a gimmick since the US uses around 18 million barrels of oil a day.

Biden to release 50M barrels of oil from Strategic Petroleum Reserve amid gas price spike
Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA).

 

[PureX]

Except that it sends a message to the oil conglomerates that he is willing to do something they really don't want to see happen. A shot across their bow, so to speak. In hopes that it might curb their endless greed.

 

[Revoltingest]

Seems that things are continuing to go down the proverbial drain for the current adminstration that they are resorting to gimmicks.
Biden is releasing 50 million barrels of oil from the U.S. Strategic Petroleum Reserveoil due to high gas prices. However this is nothing more than a gimmick since the US uses around 18 million barrels of oil a day.

Biden to release 50M barrels of oil from Strategic Petroleum Reserve amid gas price spike
Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA).

It's also bad policy. If the reserve is "strategic",
it shouldn't be used in times of plentiful supply
just cuz of a transient price bump.

 

[Twilight Hue]

Seems that things are continuing to go down the proverbial drain for the current adminstration that they are resorting to gimmicks.
Biden is releasing 50 million barrels of oil from the U.S. Strategic Petroleum Reserveoil due to high gas prices. However this is nothing more than a gimmick since the US uses around 18 million barrels of oil a day.

Biden to release 50M barrels of oil from Strategic Petroleum Reserve amid gas price spike
Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA).

Why is it whenever a Democrat administration is in charge, inflation always hits the roof?

 

[Twilight Hue]

It's also bad policy. If the reserve is "strategic",
it shouldn't be used in times of plentiful supply
just cuz of a transient price bump.

Transient seems irrelevant now givin the hostility democrats show towards fossil fuels.

 

[ChristineM]

Certainly an improvement on the last president who grasped at *****

And of course its not a point of how many barrels are used but how many barrels extra are needed to stabilise the price

 

[metis]

Certainly an improvement on the last president who grasped at *****

And of course its not a point of how many barrels are used but how many barrels extra are needed to stabilise the price

The irony is that some Pubs asked him to tap into the federal reserve and now he's catching hell from some of the same because he is. I do believe there's a name for this.

 

[Revoltingest]

Certainly an improvement on the last president who grasped at *****

And of course its not a point of how many barrels are used but how many barrels extra are needed to stabilise the price

Price stabilization isn't necessary.
Moreover, it has a benefit when it rises over time.
This causes people to think & act more about
conservation. Stability does the opposite, ie,
people become inured to the price, & resume
their wanton ways.
I'm too lazy to search for sources that I recall.

 

[epronovost]

it shouldn't be used in times of plentiful supply

I thought supply was lower than usual due to OPEP country's deciding to stranglehold production and keep reserves as to kickstart their own economic recovery following COVID lockdowns and recession.

 

[PureX]

Why is it whenever a Democrat administration is in charge, inflation always hits the roof?

Because the previous republican administration drove the economy into the ditch throwing money at the rich?

 

[Revoltingest]

I thought supply was lower than usual due to OPEP country's deciding to stranglehold production and keep reserves as to kickstart their own economic recovery following COVID lockdowns and recession.

In my travels, fuel looks plentiful....no lines, always available.
The only "crisis" is people complaining about posted pump prices.

 

[Revoltingest]

Because the previous republic administration drove the economy into the ditch throwing money at the rich?

You've told me that you don't provide support for your
claims. If I disagree, then it's my job to investigate why
you're right, & I'm wrong.
So I took your advice.
Lo!
You're wrong.
The increased deficit correlates with Covid 19's inception in 2020,
not Trump's term in office. Moreover, federal tax revenue increased
over & above Obama's administration. It actually increased every
year he was in office.
Ref...
Who Really Pays Uncle Sam's Bills?
https://datalab.usaspending.gov/americas-finance-guide/deficit/trends/

It appears that providing evidence for one's claims has 2 merits:
1) It can enlighten others.
2) It can prevent one from having wrong beliefs.

I recommend reading #2 thrice.

 

[Kenny]

Seems that things are continuing to go down the proverbial drain for the current adminstration that they are resorting to gimmicks.
Biden is releasing 50 million barrels of oil from the U.S. Strategic Petroleum Reserveoil due to high gas prices. However this is nothing more than a gimmick since the US uses around 18 million barrels of oil a day.

Biden to release 50M barrels of oil from Strategic Petroleum Reserve amid gas price spike
Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA).

If anything, this has really caused me to increase in prayer for my nation. I see so many wrong turns that will be detrimental in the long run. May God's mercy and grace be with us and on us.

 

[Kenny]

You've told me that you don't provide support for your
claims. If I disagree, then it's my job to investigate why
you're right, & I'm wrong.
So I took your advice.
Lo!
You're wrong.
The increased deficit correlates with Covid 19's inception in 200,
not Trump's term in office. Moreover, federal tax revenue increased
over & above Obama's administration. It actually increased every
year he was in office.
Ref...
Who Really Pays Uncle Sam's Bills?
https://datalab.usaspending.gov/americas-finance-guide/deficit/trends/

WOW! Well done! Great investigative reporting! Great deduction! As "revolting" as it may be, I actually agree with you!

 

[lewisnotmiller]

Why is it whenever a Democrat administration is in charge, inflation always hits the roof?

Explainer: Republicans blame Biden for inflation, but are they right?

 

[ChristineM]

Price stabilization isn't necessary.
Moreover, it has a benefit when it rises over time.
This causes people to think & act more about
conservation. Stability does the opposite, ie,
people become inured to the price, & resume
their wanton ways.
I'm too lazy to search for sources that I recall.

Stabilised as in typical, i.e, yes rising over time not taking giant leaps


And i guess you have not had your energy giving haggis today

 

[Revoltingest]

Stabilised as in typical, i.e, yes rising over time not taking giant leaps


And i guess you have not had your energy giving haggis today

We haven't had any leaps of such magnitude
that government should step in to lower prices.
Even so, supplying us with a few days worth
would be insignificant & temporary.

 

[It Aint Necessarily So]

I support any change that reduces fossil fuel consumption. I prefer to see money going to green technologies rather than be consumed in higher consumer prices for petrochemical products and retail products whose prices are tied to fuel costs, and fully support the Biden administration's effort to divert public funds toward green technology, but whatever makes burning gasoline more prohibitive or more difficult is a move in the right direction in my estimation, whether that be less expensive green alternatives, or inflation, gasoline taxes, or gasoline shortages making the cost of fuel prohibitive.

Yes, heating and air conditioning will be more expensive, but that's an incentive to become independent of the utilities and generate your own power. People where I live are complaining about propane prices going up, but our propane consumption dropped 75% when we went solar, and our electricity has been free since the system paid for itself four years ago. With the price of these systems falling and the price of power going up, the incentive to go solar increases, and the number of homes that become relatively fossil fuel independent goes up. If rising fuel costs facilitate such transformations, then that is a good thing.

 

[tytlyf]

Seems that things are continuing to go down the proverbial drain for the current adminstration that they are resorting to gimmicks.
Biden is releasing 50 million barrels of oil from the U.S. Strategic Petroleum Reserveoil due to high gas prices. However this is nothing more than a gimmick since the US uses around 18 million barrels of oil a day.

Biden to release 50M barrels of oil from Strategic Petroleum Reserve amid gas price spike
Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA).

Usually if something doesn't make sense it's not true. Your far-right media is tricking you...again.
Let's see if you spot it, hehe.

 

[Revoltingest]

I support any change that reduces fossil fuel consumption. I prefer to see money going to green technologies rather than be consumed in higher consumer prices for petrochemical products and retail products whose prices are tied to fuel costs, and fully support the Biden administration's effort to divert public funds toward green technology, but whatever makes burning gasoline more prohibitive or more difficult is a move in the right direction in my estimation, whether that be less expensive green alternatives, or inflation, gasoline taxes, or gasoline shortages making the cost of fuel prohibitive.

Yes, heating and air conditioning will be more expensive, but that's an incentive to become independent of the utilities and generate your own power. People where I live are complaining about propane prices going up, but our propane consumption dropped 75% when we went solar, and our electricity has been free since the system paid for itself four years ago. With the price of these systems falling and the price of power going up, the incentive to go solar increases, and the number of homes that become relatively fossil fuel independent goes up. If rising fuel costs facilitate such transformations, then that is a good thing.

I like positive change resulting from individual
choices in a free market. Go green!