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Nairaland Forum / Nairaland / General / Business / US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices (14534 Views)
Moscow Warns Of $500-a-barrel Oil / Nigeria’s Oil Reserves Dropped By 543 Million Barrels - OPEC / Even At $10 A Barrel, Oil Traders Balk At Buying Nigeria’s Crude (2) (3) (4)
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Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by CSTRR: 10:35pm On Nov 23, 2021 |
And then you have the Russia problem. Exporting our gas to Europe puts us in Russia's crosshairs for their most lucrative market. Will they take it lying down? We will never know. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by lokoloko84(m): 10:36pm On Nov 23, 2021 |
Evangelynn:Story! No wonder dead were caught voting, people were voting multiple times, those who wanted to vote physically were not allowed to and those states where voting stalled and miraculously, ballots were found overnight in democratic States. I am even happy that your thieves won because If Trump had won,the hypocritical democrats and their political slaves would have rioted and killed people. But it is all good,those death that was averted during that time will more than double under this administration. Nature will deal with cheaters and liars, just like it is dealing with Nigeria presently. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by damoceile: 10:37pm On Nov 23, 2021 |
Double wahala for Nigeria's dead body |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 10:39pm On Nov 23, 2021 |
lokoloko84: Where did dead people vote? Bring proof here now,instead of you to accept your faults and learn you still dey talk rubbish. 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by lokoloko84(m): 10:44pm On Nov 23, 2021 |
Evangelynn:Shut your rotten hands, you will not know since you are closed minded and filled with prejudice. It is not my Job to spoon feed you. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 10:46pm On Nov 23, 2021 |
lokoloko84: Fowl you have no proof get lost and hide your face in shame. I am embarrassed on your behalf,blockhead if you knew the meaning of close mind and prejudice you would look at yourself in the mirror you dunce 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by saintmm(m): 10:50pm On Nov 23, 2021 |
Bewiseedet:For now, Yes. But, in the next ten, twenty years, it will shock all of us especially in Nigeria that we are not preparing for it. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by lokoloko84(m): 10:52pm On Nov 23, 2021 |
Evangelynn:Blaaaa! You this shameless political hack. Go and play with your mates. Google is your proof. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by saintmm(m): 10:52pm On Nov 23, 2021 |
gulfer:Thanks for pointing that out |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 10:53pm On Nov 23, 2021 |
lokoloko84:Lmao,the same Google you refuse to learn from and stop embarrassing yourself abi 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by ZombiePUNISHER: 10:54pm On Nov 23, 2021 |
TimeTraveller:bloody bastard do you even know your father?.. no bandits everywhere terrorists black forehead |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Onyemaonwu: 11:11pm On Nov 23, 2021 |
Our government is here thinking of how to kill us with more suffering |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by FarahAideed: 11:48pm On Nov 23, 2021 |
linearity: Go and read more about Trump oil and gas regulatory roll back that created an oil boom and made US energy independent and at the same time dropped the pump price of Gasoline for four years ...You mention COVID like COVID didn't happen in Trump's last year of 2020 ... I don't have time to argue with uniformed CNN puppets abeg ..Go and read about the deliberate Policy 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by sammyscholar(m): 11:58pm On Nov 23, 2021 |
Evangelynn:Madam, reading you, I wonder how you can be ignorant and arrogant at the same time! 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Cognitivereason: 11:59pm On Nov 23, 2021 |
With new wells and reserves springing up in the north It won't happen even in ur 3rd generation Thompz43: |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Harpyeagle(m): 12:16am On Nov 24, 2021 |
thatsleepboy1:Then it's your country that God is happy with?? Pls u guys should stop passing judgement when u havent removed the plough in ur own eyes. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by linearity: 12:18am On Nov 24, 2021 |
FarahAideed: There were 112 regulatory roll backs during Trump, 98 were completed, 14 are still pending.....Non of them lead to any oil boom! The regulations that Trump rolled back weaken Air pollution & emission standards, Drilling & extraction, water pollution, toxic substance & safety, etc....none lead to the boom you spoke off. Remember that, those EPA regulations were put in place by Obama and yet when Obama hand over to Trump, gas price was about $2.37 per gallon...and stayed on average like that despite the regulatory roll backs you touted as responsible for gas prices during Trump years.... During Bush tenure another GOP that rolled back regulations before Obama came in, gas prices went as high as $4/gallon and only came down shapenly during the market crash under Bush before Obama took office. Find below a graph of US gas prices from Bush to trump....COVID helped is depressing gas prices...it is call COVID-19, because it started in 2019 and not 2020, there was no much travel then, demand for gas was low world wide, the price to take delivery of Oil then was in the negative, vessels of ships with oil were floating the high sea, no one needed them because prices were in the negative...today a barrel of oil cost about $75 and not in the $30-$40 range as they were then. From the graph, despite the EPA rollbacks, there was more dip in gas prices during Obama who put in those regulations compare to Trump who removed them, which completely contradicts your arguments that the prices were due to regulatory removal. Oil & gas price are regulated by world events plus demand/supply. There is a reason FG is planning on removing fuel subsidies, which will increase the price at the pump, gas price has skyrocketed in Europe recently, many under conservative Governments. 2 Likes 1 Share
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Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by MIKOLOWISKA: 1:33am On Nov 24, 2021 |
lepashandie:we still use firewood today. Don't kid yourself |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by blackboy(m): 1:42am On Nov 24, 2021 |
This government is not making noise about the high price of crude oil but could always mention the price in Goodluck time or PDP time. I hope they will stop blaming and complaining and save Nigeria. Hope no more borrowing . IF this government fails they have no excuse. No government since 1999 or since the history of Nigeria has ever had more support from NASS or governors and all security agencies than this government. 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Burgerlomo: 1:47am On Nov 24, 2021 |
BegAt40:
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Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Burgerlomo: 1:48am On Nov 24, 2021 |
God bless America |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by abbey621(m): 1:56am On Nov 24, 2021 |
Evangelynn: Elections are rigged all the time in America but the type of rigging is not really what you guys think. From robocalls to bombarding independents with mailers, lies are circulated and people intimidated into voting a certain way. For example, Georgia where I am, Stacey Abrams did a good job motivating the cities and the suburbs I got over 500 texts in the months leading up to the election, my mailbox was full of mailers and persuassions, some even offered small money to vote early for the democratic party, guess what happened? Most people voted early by mail in ballot and voted Democrat, on election date those who wanted to vote for Republicans tried their best to turnup but it was too late. Another form of rigging is called redistricting, this one is popular among Republicans where they try to shape the electoral map in the state to favor certain voting patterns. America's politics is just as dirty as 9ja o, only difference is they do it in a civilized way, no kidnappings, no wuruwuru to the answer, when they rig you won't even know it is rigging.......BASTAARDS 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by abbey621(m): 1:58am On Nov 24, 2021 |
linearity: Well said.....You analyzed the situation perfectly in a non political way.....kudos! |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by pacespot(m): 3:47am On Nov 24, 2021 |
But the price of crude has dropped back down below $80 to around $75 per barrel in recent days? |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 4:11am On Nov 24, 2021 |
abbey621:Actually I know this actually but for what he said it wasn't rigged and Biden's votes were not fraudulent. Republicans are already passing laws in states they control to make it harder to vote and gerrymandering which will get challenged in court is already in full display in various states where the governor's have signed the new maps giving the republicans unfair advantages and oppressing voters of colour. Since Trump came into power he amplified the toxicity of American politics, republicans will block anything even at the detriment of their constituents so as to block any win for Biden. I know and for the robocalls that is why David Wohl is in trouble,America has advanced form of rigging and it starts from insane campaign donations and lobbying hence why I support Senators White House's bill against dark money in politics. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 4:13am On Nov 24, 2021 |
sammyscholar:You must be talking about yourself. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by tevinsolt: 4:15am On Nov 24, 2021 |
lokoloko84: How origina...NOT. Biden as a matter of fact led in majority of the states for a good while before it turned red for "Donald big Dump" and then back again to Blue in the states that handed Biden the victory. Many republican congress reps and senators won in states "Donald big Dump" lost. So STHU and go tell that sore looser he ain't ish.. New Yorkers know him too well and the dirty games he likes to play. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by abbey621(m): 4:36am On Nov 24, 2021 |
Evangelynn: Let's be objective about this, similar tactics that Republicans are using now were in full force to get Biden the win especially in states like Georgia, California and Arizona. What gave Biden the victory was smart campaigning using Covid 19 as an excuse, in the history of U.S elections there has never been that many mail in ballots and historically Republicans vote very late and Democrats vote early. Nothing criminal about it but it sure is sketchy politics considering mail in ballots were counted last given the impression that Trump was well in the lead . Once again nothing criminal just cheeky The bold part pof your statement concerns me because as a black man in America some of those voting reforms makes sense, WHY WOULD ANYONE REFUSE TO GET A PROPER FORM OF IDENTIFICATION TO VOTE? We require it for buying booze, cigarettes and many other things, why would something as sacred as voting require less scrutiny? Only reason I can think of is that historically people of color tend to be relaxed about these things, we hardly vote, we don't renew our license or update it in time etc, most of us would rather watch things on film than to read a book, guess the Republicans are exploiting the little loopholes they can so as to counteract the Democrats borderline harrassment tactics during elections . In the end, I believe Biden will be just as big of a failure as Trump and won't get reelected, not because of anything he did but because the American populace is so much on edge right now that even little victories feel like defeat, the political climate is so hot right now that small things like taking a nap during a global summit could be spun into something like "Old man Biden is not fit for office", anyways I have my popcorn ready, Republicans or Democrats they are all political thugs, just help me tell Biden not to loan Buhari anymore money.....Na God I use beg am 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 5:09am On Nov 24, 2021 |
abbey621:The laws are suppressive and target people of colour,Stacey Abrams explained it to congress when senator Kennedy tried to be smart by half.When republicans lose they try to change the rules @bold,yeah DeSantis and Christie of the GOP will get elected over Biden or better still Trump comes back in 2024,some Americans aren't smart anyway and would rather believe lies than fact I disagree with bold anyway 2024 will be a different political climate.I don't think Biden will be a failure unless republicans control congress and try to frustrate him it all depends on how democrats decide to sell their campaign to independents |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by abbey621(m): 5:22am On Nov 24, 2021 |
Evangelynn: Yea people of color need to stop being non chalant, this is why the jail is full of so many petty crimes, we play too damn much . In terms of failure, not Biden personally but his presidency, remmeber over 74 million people voted for Trump so that is like 46% of the voting populace ready to pounce on him no matter what. I just believe age, political climate and the Democratic party's self sabotage during the midterms will end up making reelection almost mission impossible, heck next president might even be another Democrat with fire in HER belly . |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by olisaEze(m): 5:25am On Nov 24, 2021 |
My own is, will it stop Buhari from borrowing Nigeria into generational poverty now? 1 Like 1 Share |
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