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Biden White House: Year 4


tgo

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This is just more proof that the unserious, "forever young" entertainment-addicted generation is now the majority of the U.S.

America is on the verge of becoming the next Russia/China because "who cares about dictatorship rule, our gas is too high."  

 

image.png.ac26890d0fdcefc98bc49f8d10a0f94d.png

image.png.197c1fe5c898aa17608d6b035bbf1edb.pngimage.png.327a4927d49c525efcb7436ba458d64e.png

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1 hour ago, luvyablue256 said:

This is just more proof that the unserious, "forever young" entertainment-addicted generation is now the majority of the U.S.

America is on the verge of becoming the next Russia/China because "who cares about dictatorship rule, our gas is too high."  

 

image.png.ac26890d0fdcefc98bc49f8d10a0f94d.png

image.png.197c1fe5c898aa17608d6b035bbf1edb.pngimage.png.327a4927d49c525efcb7436ba458d64e.png


Huh?

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1 hour ago, Rogue said:


I’m curious how this works.  Who does the oil go to?  Does it go to the open market?  US refineries?  Are there any mechanisms that keeps it in the US?  
 

I’ve never learned about this process.  

I’m pretty sure it is going to be sold on the open market, just like any oil producer would do. It could be bought by an American refinery or shipped overseas. 
 

If it were happening because of a supply interruption and a refinery needed a supply of petroleum to stay in production, things would be different. But I don’t think that’s going to be the case here.
 

In this case, it’s effectively just adding to the global “production” numbers.

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56 minutes ago, Starkiller said:

I’m pretty sure it is going to be sold on the open market, just like any oil producer would do. It could be bought by an American refinery or shipped overseas. 
 

If it were happening because of a supply interruption and a refinery needed a supply of petroleum to stay in production, things would be different. But I don’t think that’s going to be the case here.
 

In this case, it’s effectively just adding to the global “production” numbers.

Probably, but since it’s from the reserve it could actually be used only for the US. 

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9 minutes ago, IsntLifeFunny said:

Probably, but since it’s from the reserve it could actually be used only for the US. 

It could be. But it could be bought internationally, too. 
 

In the end, it makes little difference. The price of oil is set globally. We are simply adding an extra million barrels of oil to the daily oil supply. 

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2 hours ago, Starkiller said:

It could be. But it could be bought internationally, too. 
 

In the end, it makes little difference. The price of oil is set globally. We are simply adding an extra million barrels of oil to the daily oil supply. 

I’m not arguing, just saying it’s an interesting situation because of the nuance about the fact that is strictly US owned oil. 

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