Biden working on gas price relief

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gounion
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Biden working on gas price relief

Post by gounion »

Via CNN:
President Joe Biden on Tuesday will announce the release of emergency oil reserves to combat high energy prices ahead of the busy holiday travel season, but it will be weeks before the barrels hit the market.

The Department of Energy will release 50 million barrels of oil from the Strategic Petroleum Reserve, according to the White House. The release is aimed at addressing the lack of oil supply around the world, but its actual effect may be limited. In 2019, US petroleum use averaged approximately 20.5 million barrels of oil per day and in 2020 the US used on average about 18.1 million barrels per day, according to the Department of Energy's Energy Information Administration. The EIA reports petroleum usage was lower in 2020 due to the Covid-19 pandemic.

The barrels of oil involved in Tuesday's announcement will not hit the market until "mid to late December, depending on market take up," according to a senior administration official.

This release will be in coordination with several other countries, including China, India, Japan, the Republic of Korea and the United Kingdom. Officials believe the coordinated effort could potentially have more of an effect on lowering gas prices.
The last sentence is what's important. This is something that Trump and the GOP could never do - work with other nations.

THIS is what a real President does. Of course, Glenn will never praise Biden on anything. Gas prices could be a dime a gallon and Glenn would bitch.
Glennfs
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Re: Biden working on gas price relief

Post by Glennfs »

I was opposed to releasing our reserves when Republicans did and am opposed to it now.
How about encouraging drilling in our country and stop opposing pipelines as a start.
" I am a socialist " Bernie Sanders
gounion
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Re: Biden working on gas price relief

Post by gounion »

Glennfs wrote: Tue Nov 23, 2021 9:09 am I was opposed to releasing our reserves when Republicans did and am opposed to it now.
How about encouraging drilling in our country and stop opposing pipelines as a start.
I knew it.

As far as drilling, there's plenty of reserves they haven't touched. Too expensive to drill, because it's too inaccessible.

Oh, I realize you want to destroy Alaska, but it would damage the environment too damned much.

Which, I know, you don't care about.
Glennfs
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Re: Biden working on gas price relief

Post by Glennfs »

gounion wrote: Tue Nov 23, 2021 9:11 am I knew it.

As far as drilling, there's plenty of reserves they haven't touched. Too expensive to drill, because it's too inaccessible.

Oh, I realize you want to destroy Alaska, but it would damage the environment too damned much.

Which, I know, you don't care about.
Releasing 2.5 days worth of oil is pretty worthless. As for Alaska drilling our oil will no more destroy Alaska than it destroyed Pennsylvania or California or Oklahoma or Texas.
" I am a socialist " Bernie Sanders
gounion
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Re: Biden working on gas price relief

Post by gounion »

Glennfs wrote: Tue Nov 23, 2021 9:14 am Releasing 2.5 days worth of oil is pretty worthless. As for Alaska drilling our oil will no more destroy Alaska than it destroyed Pennsylvania or California or Oklahoma or Texas.
I didn't think you read the post. You demand links, but you don't read the damned things.

Yes, it wouldn't do much on it's own. But when you take coordinated releases by other countries, including China, India, Japan, the Republic of Korea and the United Kingdom, it can make a difference.

But you wouldn't ever admit Biden would actually make a difference.

And you're not a climate scientist.
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sam lefthand
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Re: Biden working on gas price relief

Post by sam lefthand »

I kind of like the gas prices being what they are. I wouldn't mind if they went up even some more.

They are not quite back at the level they were in the summer of 2008 when George W Bush was President. Not quite, but almost there. Gas is $4.50 a gallon here now, and back then it got up to $5.00 a gallon here.

Back in 2008 the high fuel prices had sort of put a damper on those huge Donald J Trump pickup trucks, back then folks called them Humvees. When the gas prices are high there are fewer of them on the highway.

Now that the price of gas it back up that will cause bunch of those huge 4x4 pickup truck carrying one lone driver at high speed to cease to exist like it did last time. That will be good for the climate over all.

Good for cooling the climate in my rear view mirror, and good for cooling the world global climate warming. Every time I see one of those huge 4x4 pickup trucks growing larger by the moment in my rear view mirror I always say "here comes Donald J Trump." They roar up and tailgate for a bit, and then roar past many times passing when they ought not to pass, and quite often showering my car with pebbles their tires pick up. They have broken two of my windshields roaring past during the period of low gas prices. So F them to hell.

:|
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ZoWie
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Re: Biden working on gas price relief

Post by ZoWie »

Gas prices are only a problem because we let automakers market huge vehicles powered by inefficient internal combustion engines. It's not really their fault, since as Sam notes, the public has been conditioned through various cultural factors to want these. It's not just the male hormone cases in their jacked up 4x4s, all prepared for off-road conditions none of them will ever actually need to drive through. It's also the family SUV people who think large square vehicles with big hatch backs are more convenient.

I don't have a solution to offer here. High gas prices have created desire for smaller vehicles on some limited scale in the past, but it never lasts. People get used to paying more (it used to cost 35 cents a gallon), or they vote in politicians who promise to get the oil flowing and the hell with the climate, smoke means prosperity, full speed ahead into the icebergs.
"We must remember that we cannot abandon the truth and remain a free nation." --Liz Cheney, Republican, 7/21/22
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