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12-20-2022, 12:04 AM
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Jigsawed
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Join Date: May 2009
Posts: 10,580
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Quote:
Originally Posted by finnbow
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The strategic reserve is for a strategic reason.
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12-20-2022, 07:13 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,919
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Quote:
Originally Posted by Dondilion
The strategic reserve is for a strategic reason.
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Indeed. Releasing oil from the reserve was an effective strategy to ameliorate the impact of your boy Putin's war in Ukraine on oil prices. Well played, Joe.
__________________
As long as the roots are not severed, all will be well in the garden.
Last edited by finnbow; 12-20-2022 at 07:18 AM.
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12-20-2022, 09:28 AM
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Jigsawed
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Join Date: May 2009
Posts: 10,580
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Quote:
Originally Posted by finnbow
Indeed. Releasing oil from the reserve was an effective strategy to ameliorate the impact of your boy Putin's war in Ukraine on oil prices. Well played, Joe.
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Another fallacy. The price of oil had more to do with spot pricing than the war in Ukraine. As a matter of fact price was rising before the war.
Last edited by Dondilion; 12-20-2022 at 09:30 AM.
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12-20-2022, 09:41 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,919
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Quote:
Originally Posted by Dondilion
Another fallacy. The price of oil had more to do with spot pricing than the war in Ukraine. As a matter of fact price was rising before the war.
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Au contraire, tovarich.
Oil prices were rising globally even prior to the full escalation of the war. However, when Russia attacked Ukraine, the price of crude oil in the global market skyrocketed from around $76 per barrel at the start of January 2022 to over $110 per barrel on 4 March 2022.
https://www.gep.com/blog/mind/russia...d-gas-industry
It must get tiresome defending everything comrade Putin does.
__________________
As long as the roots are not severed, all will be well in the garden.
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12-20-2022, 10:05 AM
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Jigsawed
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Join Date: May 2009
Posts: 10,580
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You mean excessive spot pricing and sanctions. The recent energy history of UK is instructive.
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12-20-2022, 10:19 AM
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Senior Member
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Join Date: Mar 2013
Location: Sierras
Posts: 14,213
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The huge winter storm brewing in Alaska and soon to hit the Midwest and South just before Christmas will be blamed on The Biden Curse.
__________________
White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
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12-22-2022, 07:15 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,366
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‘Wow! This Is a Blow-Out!’ Faux “News” Reporter Shocked By New GDP Report Showing Higher-Than-Expected Gain
https://www.mediaite.com/news/wow-th...expected-gain/
Sorry, Whell.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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12-22-2022, 09:42 PM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Quote:
Originally Posted by finnbow
Au contraire, tovarich.
Oil prices were rising globally even prior to the full escalation of the war. However, when Russia attacked Ukraine, the price of crude oil in the global market skyrocketed from around $76 per barrel at the start of January 2022 to over $110 per barrel on 4 March 2022.
https://www.gep.com/blog/mind/russia...d-gas-industry
It must get tiresome defending everything comrade Putin does.
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Nope. From the same article immediately following your quote:
The price of crude oil was already inflated even before the war due to higher demand fueled by the recovery of global economies from the COVID-19 pandemic and low investment in the oil and gas industry.
__________________
"We have met the enemy and he is us."
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12-25-2022, 12:12 AM
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Senior Member
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Join Date: Oct 2011
Location: San Diego via Vermilion Ohio and Points Between
Posts: 11,538
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Quote:
Originally Posted by Rajoo
We were grossly over consuming thanks to China and now we will begin to under consume to level out cost of inflation. For example, do we really need a new iPhone every year or two?
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I just bought a OnePlus 10 Pro 5G from Best Buy...from the same company that made OPPO DVD players once. I love it...my Iphone 8 was getting boring.
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Never was there a time when I did not exist, nor you, nor in the future shall any of us cease to be.
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12-30-2022, 10:21 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,366
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This week in Bidenomics: It was a pretty good year
https://finance.yahoo.com/news/this-...151825001.html
... and a not so good year in Whell's World of negativity and alternative "facts".
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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