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White House launches last ditch effort to dissuade OPEC from cutting oil production to avoid a ‘total disaster’

Metric Mouse

Metric Mouse

Your hi-top sneakers and your sailor tattoos.
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Geoist said:
Because the right has fought tooth and nail for decades against any transition away from fossil fuels.
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I get that Biden is fighting that, but the question remains why he isn't getting more pushback over it.
 
I’m sure he is concerned how higher gas prices will impact the vote
 
Chillfolks said:
I’m sure he is concerned how higher gas prices will impact the vote
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Screw the impact, Im already seeing gas prices increase...again. Im all for transitioning, but now is not the time to cut production
 
Biden can and should encourage oil production by optioning to refill the strategic petroleum reserve if the price of oil drops below a certain threshold, kinda like crop insurance. This would mitigate the price fluctuation risks that oil producers face and encourage more production, which is, of course, a good thing.
 
Our idiot potus just dosent care about US citizens. Just wants to push a leftist agenda, the hell with you all.
election is in a month so he needs to make it look like he cares, like he’s gonna do something when in reality all he’s concerned with is putting Dems fat asses in office. That’s all this is anout.
and all the progressives/commies bark and clap in approval of their leader.
 
dmpi said:
Biden should quit worrying about OPEC and start focusing on our own oil production.
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biden doesn't own any drilling or oil companies. he has no control over US oil production.
 
They created a problem they want to save us from? Lmfao

Goes hand in hand with this classic…



You can’t make this stuff up.
 
IQ57 said:
They created a problem they want to save us from? Lmfao

Goes hand in hand with this classic…
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Suddenly not so much in favor of global markets for oil?
 
BlueTex said:
Suddenly not so much in favor of global markets for oil?
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It’s all explained in the video I posted.

You are welcome.
 
Metric Mouse said:
Jesus hotsauce Christmas cake.... why the **** are we fighting to pump and burn MORE oil? Seriously?
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Whatever your view on environmentalism and fossil fuels, it isn't debatable that right now the world needs more fossil fuels and lower prices. We are very likely heading into several years of energy shortages and higher prices, so buckle up.
 
Geoist said:
Because the right has fought tooth and nail for decades against any transition away from fossil fuels.
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No the right has fought against efforts to put the oil industry out of business. I think everyone wants renewable energy but it isn't ready yet and having government shove it down the economy's throat is dangerous and authoritarian. I don't think anybody on the right is begging Saudi Arabia to pump more crude. I think they don't understand why we can't simply use our own oil. But we understand, don't we? It is about power and control.
 
fmw said:
No the right has fought against efforts to put the oil industry out of business.
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If the fossil fuel industry can't handle the competition then it deserves to be put out of business.

fmw said:
I think everyone wants renewable energy but it isn't ready yet and having government shove it down the economy's throat is dangerous and authoritarian.
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And we haven't had oil 'shoved down our throats?' We haven't subsidized the fossil fuel industry over generations? Everything you people criticize renewables for we've been doing with fossil fuels for generations. It's a dumb argument.

fmw said:
I don't think anybody on the right is begging Saudi Arabia to pump more crude. I think they don't understand why we can't simply use our own oil. But we understand, don't we? It is about power and control.
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We do use our own oil. And yes, it is about power and control and the oil/gas producers proved that when they refused to ramp production to help the consumers:

Companies including Devon Energy DVN, +5.72%, EOG Resources EOG, +4.37%, Occidental Petroleum OXY, +3.29% and Diamondback Energy FANG, +5.23% have resisted increasing production. Instead, they are rewarding shareholders with juicy dividends and buybacks.
www.marketwatch.com

What would it take for U.S. oil companies to ramp up production? A lot.

Companies are focused on keeping production steady and rewarding shareholders after two recent crashes.
www.marketwatch.com www.marketwatch.com
 
^^^Projection and lies.
 
Geoist said:
If the fossil fuel industry can't handle the competition then it deserves to be put out of business.
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Competition? Is that what the subsidies, tax credits for purchasing electric vehicles and solar panels from taxpayers is? Competition? Don't think so.

Despite all of the taxpayer "help" over the decades, petroleum products are still vital and necessary.
 
Metric Mouse said:
I get that Biden is fighting that, but the question remains why he isn't getting more pushback over it.
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Pragmatism. We need to get off oil. The right wingers of this country have brought us full circle on dependence on oil.
 
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