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Crude oil...
ConstitutionCowboy:
50 million barrels only amounts to 00.7 % of our yearly consumption. It's not even 3 days worth of our daily consumption. Comes to about two cents saved on three-dollar-a-gallon of gas.
Woody
HankB:
--- Quote from: ConstitutionCowboy on November 23, 2021, 10:15:21 AM ---50 million barrels only amounts to 00.7 % of our yearly consumption. It's not even 3 days worth of our daily consumption. Comes to about two cents saved on three-dollar-a-gallon of gas.
Woody
--- End quote ---
But processing the price change takes three cents, so . . .
Ben:
Showmanship and a tiny drop in an ocean of oil (that we have underneath us and cannot drill).
These SPR releases "to ease the price at the pump" are never anything but giant PR stunts. It's called STRATEGIC for a reason. I hate it when this is done, whether done by a D or an R.
Knock it off and save the oil for an emergency. We wouldn't be in this fix if some doddering old fool hadn't shut down domestic production.
Jim147:
And oil is up.
WLJ:
Now that their little PR stunt is over we have this.
--- Quote --- Biden administration pushes to raise rates for oil and gas drilling on public lands and waters, citing climate change https://t.co/WWTOTppbvo
— The Washington Post (@washingtonpost) November 26, 2021
--- End quote ---
After releasing oil from the SPR to lower energy prices, the Biden administration moves to increase energy prices
https://twitchy.com/gregp-3534/2021/11/26/after-releasing-oil-from-the-spr-to-lower-energy-prices-the-biden-administration-moves-to-increase-energy-prices/
--- Quote ---Though Friday’s report focuses on the fiscal case for updating the leasing program, Interior officials say they will also consider how to incorporate the real-world toll of climate change into the price of permits for new fossil fuel extraction. The Biden administration this year set its “social cost of carbon” at $51 per ton of emissions, but suggested the number could go even higher as researchers develop new estimates of the damage caused by raging wildfires, deadly heat, crop-destroying droughts and catastrophic floods.
--- End quote ---
Biden administration pushes to raise rates for oil and gas drilling on public lands and waters, citing climate change
https://www.washingtonpost.com/climate-environment/2021/11/26/biden-oil-gas-drill-public-lands/
Let's Go Brandon
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