₦airaland Forum

ono:
Please read up for more details.

Ibime:
I'm sure it's dawned on you now that the graph was an average over the Presidency

ono:
Notice the big dip since xi-Biden took over with his "climate preservation" slogan. That drop is "yuge" (almost 2 million barrels) no matter how seemingly low the demonRats wants to paint it. It is a big deal and surely be one of the reasons the high gas prices we are seeing in the US persists.

DemonRats need to have their brains formatted.

benalvino3:
you can revert back a page or two to know the answer to this you are asking.

Ibime:
This does not contradict the below.

Now let's see if you are as stupid as I think you are

Ibime:
What a fool. That "big dip" occured in March 2020. It's the pandemic dip. I'm sure you have eyes, but it coincides with the price dipping.

When price dips, some oil wells become unprofitable and they get shuttered. Now price is high, we should see wells start to open up again.

People who don't follow markets should stop commenting on markets based on politics

basilico:
So fixated on Joe Biden performance. I doubt this graph though At the same time has demand increased for gas in America.If it has what was Joe Bidens plan for increased demand?

Obrigardo:
The only things criminal trump fans like zendi think about is masturbation and drugs. No wonder they are so fvcked up in the head.

ono:
Lying thieving thug, keep quiet. That drop was due to Biden's move to stop crude oil production from the very first day he stepped into the White House. He cancelled all the plans by Trump to boost crude production in the US - from junking the Keystone XL pipeline contract, to cancelling leases for new oil production in Alaska. All these because of the hawks advising him about "climate problems" - but with no clear alternative in sight. How dumb can anyone be?!

ono:
Lying thieving thug, keep quiet. That drop was due to Biden's move to stop crude oil production from the very first day he stepped into the White House. He cancelled all the plans by Trump to boost crude production in the US - from junking the Keystone XL pipeline contract, to cancelling leases for new oil production in Alaska. All these because of the hawks advising him about "climate problems" - but with no clear alternative in sight. How dumb can anyone be?!

basilico:
So fixated on Joe Biden performance. I doubt this graph though At the same time has demand increased for gas in America.If it has what was Joe Bidens plan for increased demand? Kill production so that Americans move to green energy ?
Your yuge problem is trying to protect Joe Biden policies on energy. Go green and move away from fossil fuels.
I think a better topic would be. Can we do without fossil fuels?

Ibime:
Go and see an optician. If you follow markets, you will know when that dip occured which was exactly March 2020 when oil price went negative.

Did you go to school at all, that you cannot look at a graph and read the x axis. I have drawn two schoolboy lines for you since you lack visual acuity. The first is the start of 2020, and the second is the start of 2021. Now tell me when the "big dip" happened?

ono:
Notice the carefully concealed fact by that thug Ibime- averaging yearly production performance. You will see that after "tanking" Trump stellar production ramp-up by almost 2 million barrels per day, thug Ibime wants to give credit to the senile old clown in the White house, credit that's due Trump.

This is the major reason you have to be careful while looking at what demonRats feed you daily, otherwise, they will ruin you completely!

ono:
Left to Biden and his Climate Czar (John Kerry), it should be Zero b/d, Ibime. That's the goal and they're actively working it.

basilico:
Ibime The Saudi production costs are in single digits. Generally the largest consumers airlines for example hedge prices say on an annual basis. When you start fighting production esp as head of state, The darn prices will shoot up.
When you kill production, reduce the exploration areas Elon Musk will laugh all the way to the bank

ono:
Left to Biden and his Climate Czar (John Kerry), it should be Zero b/d, Ibime. That's the goal and they're actively working it. You try and get that into your thick skull.

basilico:
So the US is extracting more oil than ever. Why are gas prices from 2 $ to 5 today if production has increased?

basilico:
They are trying to justify high gas prices. Europe I can understand because of the war but America high prices are because of the leftist policies by Joe Biden, these people are trying to extricate his policies for the high prices.
This is an American thread

Ibime:
The price in Europe is the price in America. There is no subsidy on oil and nothing stops an American company from selling to Europe at market price rather than a subsidised rate for Americans. This is an International market and no one country has control of it's price.

Ibime:
Demand ramp-up, wars, rumours of wars and speculation.

I'm even helping to drive up Natgas price by speculating here and there.

benalvino3:
the only war was Bidens war on Crude Oil.

basilico:
Because of climate change crisis.
Leftist talking points.

basilico:
By design. If America is shipping in oil the prices should be higher than that of europe because Europe is getting some from Russia and some from Middle East.
If America is producing its own oil the production costs will determine the cost

benalvino3:
He attacked Russia and Saudi Arabia on climate change, then he went further with Saudi Arabia, which is why they won't pick his call. Nobody wants to sell fuel cheaply. Obama understands that and struck a deal with the Saudis making crude very cheap. trump came in and maintain that stragedy... but the zoo monkey in chief that is biden is destroying everything.

benalvino3:
Biden just tapped into another 140million barrel of their strategic reserved.

basilico:
To me Bidens handlers seem to want to crash the economy.

Ibime Budaatum
what single policy has Joe Biden implemented to grow the economy?

Ibime:
No it won't. The shipping cost is negligible per barrel, and no different from shipping from Nigeria or Angola to Europe.

America consumption is 20m BPD. It will take decades to reach that production point. This is an international market, full stop.

A message from Vice Chair @RepLizCheney about Thursday’s hearing. pic.twitter.com/SsnOOEnyVq

— January 6th Committee (@January6thCmte) June 14, 2022

Ibime:
Economy after Covid should be just trying to get through the next few years

People underestimate the seismic shock of the pandemic. If GDP falls 31% as it did in Q2 2020, and you print trillions to prop it up, believe me, you will spend the next few years paying for it. The main levers of trying to steer the economy through the next 2 years at this point, lie with the Fed monetary and rates policy.

By comparison, US GDP declined 30% over the ten years of the Great Depression, compare with 31% over Covid alone. People don't appreciate the tasks facing world economies over the next few years, just busy playing politics with serious issues.

basilico:
Ibime . You saying shipping does not add costs. Liar. Why build pipelines then?