Re: So Biden is releasing the SPR [Tylertri] [ In reply to ]

Nov 24, 21 11:38

Post #76 of 222 (1521 views)

Tylertri wrote:

In that case I would not bet against OPEC either.

edit: and that would assume these "releases" from the reserves didn't need to get built back up again at some point (possibly at an even higher price) (not betting against OPEC).

That is what China has been doing. They built up a massive stockpile when oil was cheap during the height of the pandemic. They have been gradually releasing it to balance out the current high prices. They are getting to the point they need to start refilling those reserves.....at a much higher price.

I tend to agree on OPEC. Historically the US has lost when it gets in a fight with them, however we are now a large producer so that changes the equation.

Near term US producers are going to make a lot of $$$ in 2022. Long term OPEC could be baiting them into oversupply then flood the market and put a lot of them out of business.

Re: So Biden is releasing the SPR [Nutella] [ In reply to ]

Nov 24, 21 11:43

Post #77 of 222 (1513 views)

Nutella wrote:

Tylertri wrote:

In that case I would not bet against OPEC either.

edit: and that would assume these "releases" from the reserves didn't need to get built back up again at some point (possibly at an even higher price) (not betting against OPEC).

That is what China has been doing. They built up a massive stockpile when oil was cheap during the height of the pandemic. They have been gradually releasing it to balance out the current high prices. They are getting to the point they need to start refilling those reserves.....at a much higher price.

I tend to agree on OPEC. Historically the US has lost when it gets in a fight with them, however we are now a large producer so that changes the equation.

Near term US producers are going to make a lot of $$$ in 2022. Long term OPEC could be baiting them into oversupply then flood the market and put a lot of them out of business.

I took a flyer on SDRL back around 2010-2012 because of the dividend paid. Got out well before their collapse. Perhaps I should pay more attention to all of this but a smart man told me never to bet on interest rates or oil prices.

Re: So Biden is releasing the SPR [Tylertri] [ In reply to ]

Nov 24, 21 11:53

Post #78 of 222 (1508 views)

Tylertri wrote:

Nutella wrote:

Tylertri wrote:

In that case I would not bet against OPEC either.

edit: and that would assume these "releases" from the reserves didn't need to get built back up again at some point (possibly at an even higher price) (not betting against OPEC).

That is what China has been doing. They built up a massive stockpile when oil was cheap during the height of the pandemic. They have been gradually releasing it to balance out the current high prices. They are getting to the point they need to start refilling those reserves.....at a much higher price.

I tend to agree on OPEC. Historically the US has lost when it gets in a fight with them, however we are now a large producer so that changes the equation.

Near term US producers are going to make a lot of $$$ in 2022. Long term OPEC could be baiting them into oversupply then flood the market and put a lot of them out of business.

I took a flyer on SDRL back around 2010-2012 because of the dividend paid. Got out well before their collapse. Perhaps I should pay more attention to all of this but a smart man told me never to bet on interest rates or oil prices.

I usually go for more macro bets. I was in VDE most of the year but recently got out. Good return but just too damn risky right now.

Long term many want to weaken OPEC's grip and have North American producers capture some of their markets (China). Trump actually did get China to buy a lot of oil for a few months. OPEC realizes this, which is why they are playing games.

The greens can moan about oil producers but the way to reduce drilling, and make the Saudi Jihadi funders less relevant, is to reduce demand. Shift to EVs

Re: So Biden is releasing the SPR [Nutella] [ In reply to ]

Nov 24, 21 11:56

Post #79 of 222 (1505 views)

Nutella wrote:

Tylertri wrote:

Nutella wrote:

Tylertri wrote:

In that case I would not bet against OPEC either.

edit: and that would assume these "releases" from the reserves didn't need to get built back up again at some point (possibly at an even higher price) (not betting against OPEC).

That is what China has been doing. They built up a massive stockpile when oil was cheap during the height of the pandemic. They have been gradually releasing it to balance out the current high prices. They are getting to the point they need to start refilling those reserves.....at a much higher price.

I tend to agree on OPEC. Historically the US has lost when it gets in a fight with them, however we are now a large producer so that changes the equation.

Near term US producers are going to make a lot of $$$ in 2022. Long term OPEC could be baiting them into oversupply then flood the market and put a lot of them out of business.

I took a flyer on SDRL back around 2010-2012 because of the dividend paid. Got out well before their collapse. Perhaps I should pay more attention to all of this but a smart man told me never to bet on interest rates or oil prices.

I usually go for more macro bets. I was in VDE most of the year but recently got out. Good return but just too damn risky right now.

Long term many want to weaken OPEC's grip and have North American producers capture some of their markets (China). Trump actually did get China to buy a lot of oil for a few months. OPEC realizes this, which is why they are playing games.

The greens can moan about oil producers but the way to reduce drilling, and make the Saudi Jihadi funders less relevant, is to reduce demand. Shift to EVs

subject for another time but from my limited view I'm still trying to figure out how all the E is going to be produced to satisfy EV's demand.

Re: So Biden is releasing the SPR [Tylertri] [ In reply to ]

Nov 24, 21 12:02

Post #80 of 222 (1502 views)

Tylertri wrote:

Nutella wrote:

Tylertri wrote:

Nutella wrote:

Tylertri wrote:

In that case I would not bet against OPEC either.

edit: and that would assume these "releases" from the reserves didn't need to get built back up again at some point (possibly at an even higher price) (not betting against OPEC).

That is what China has been doing. They built up a massive stockpile when oil was cheap during the height of the pandemic. They have been gradually releasing it to balance out the current high prices. They are getting to the point they need to start refilling those reserves.....at a much higher price.

I tend to agree on OPEC. Historically the US has lost when it gets in a fight with them, however we are now a large producer so that changes the equation.

Near term US producers are going to make a lot of $$$ in 2022. Long term OPEC could be baiting them into oversupply then flood the market and put a lot of them out of business.

I took a flyer on SDRL back around 2010-2012 because of the dividend paid. Got out well before their collapse. Perhaps I should pay more attention to all of this but a smart man told me never to bet on interest rates or oil prices.

I usually go for more macro bets. I was in VDE most of the year but recently got out. Good return but just too damn risky right now.

Long term many want to weaken OPEC's grip and have North American producers capture some of their markets (China). Trump actually did get China to buy a lot of oil for a few months. OPEC realizes this, which is why they are playing games.

The greens can moan about oil producers but the way to reduce drilling, and make the Saudi Jihadi funders less relevant, is to reduce demand. Shift to EVs

subject for another time but from my limited view I'm still trying to figure out how all the E is going to be produced to satisfy EV's demand.

Oh, I can talk about that for days. It actually is not as much of a burden as you would think. There were lots of hyperbolic claims a few years ago but real world studies indicate that most charging is off peak so we would probably need to increase production by only about 10% and this increase would come over a long period. Years. The larger investment would be the grid. In some countries, like Germany, that will be a real issue.

Re: So Biden is releasing the SPR [Nutella] [ In reply to ]

Nov 24, 21 12:18

Post #81 of 222 (1526 views)

Nutella wrote:

Tylertri wrote:

Nutella wrote:

Tylertri wrote:

Nutella wrote:

Tylertri wrote:

In that case I would not bet against OPEC either.

edit: and that would assume these "releases" from the reserves didn't need to get built back up again at some point (possibly at an even higher price) (not betting against OPEC).

That is what China has been doing. They built up a massive stockpile when oil was cheap during the height of the pandemic. They have been gradually releasing it to balance out the current high prices. They are getting to the point they need to start refilling those reserves.....at a much higher price.

I tend to agree on OPEC. Historically the US has lost when it gets in a fight with them, however we are now a large producer so that changes the equation.

Near term US producers are going to make a lot of $$$ in 2022. Long term OPEC could be baiting them into oversupply then flood the market and put a lot of them out of business.

I took a flyer on SDRL back around 2010-2012 because of the dividend paid. Got out well before their collapse. Perhaps I should pay more attention to all of this but a smart man told me never to bet on interest rates or oil prices.

I usually go for more macro bets. I was in VDE most of the year but recently got out. Good return but just too damn risky right now.

Long term many want to weaken OPEC's grip and have North American producers capture some of their markets (China). Trump actually did get China to buy a lot of oil for a few months. OPEC realizes this, which is why they are playing games.

The greens can moan about oil producers but the way to reduce drilling, and make the Saudi Jihadi funders less relevant, is to reduce demand. Shift to EVs

subject for another time but from my limited view I'm still trying to figure out how all the E is going to be produced to satisfy EV's demand.

Oh, I can talk about that for days. It actually is not as much of a burden as you would think. There were lots of hyperbolic claims a few years ago but real world studies indicate that most charging is off peak so we would probably need to increase production by only about 10% and this increase would come over a long period. Years. The larger investment would be the grid. In some countries, like Germany, that will be a real issue.

I'll take your word for it.

Happy Thanksgiving

Re: So Biden is releasing the SPR [Tylertri] [ In reply to ]

Nov 24, 21 12:43

Post #82 of 222 (1515 views)

Tylertri wrote:

Nutella wrote:

Tylertri wrote:

Nutella wrote:

Tylertri wrote:

Nutella wrote:

Tylertri wrote:

In that case I would not bet against OPEC either.

edit: and that would assume these "releases" from the reserves didn't need to get built back up again at some point (possibly at an even higher price) (not betting against OPEC).

That is what China has been doing. They built up a massive stockpile when oil was cheap during the height of the pandemic. They have been gradually releasing it to balance out the current high prices. They are getting to the point they need to start refilling those reserves.....at a much higher price.

I tend to agree on OPEC. Historically the US has lost when it gets in a fight with them, however we are now a large producer so that changes the equation.

Near term US producers are going to make a lot of $$$ in 2022. Long term OPEC could be baiting them into oversupply then flood the market and put a lot of them out of business.

I took a flyer on SDRL back around 2010-2012 because of the dividend paid. Got out well before their collapse. Perhaps I should pay more attention to all of this but a smart man told me never to bet on interest rates or oil prices.

I usually go for more macro bets. I was in VDE most of the year but recently got out. Good return but just too damn risky right now.

Long term many want to weaken OPEC's grip and have North American producers capture some of their markets (China). Trump actually did get China to buy a lot of oil for a few months. OPEC realizes this, which is why they are playing games.

The greens can moan about oil producers but the way to reduce drilling, and make the Saudi Jihadi funders less relevant, is to reduce demand. Shift to EVs

subject for another time but from my limited view I'm still trying to figure out how all the E is going to be produced to satisfy EV's demand.

Oh, I can talk about that for days. It actually is not as much of a burden as you would think. There were lots of hyperbolic claims a few years ago but real world studies indicate that most charging is off peak so we would probably need to increase production by only about 10% and this increase would come over a long period. Years. The larger investment would be the grid. In some countries, like Germany, that will be a real issue.

I'll take your word for it.

Happy Thanksgiving

Happy Thanksgiving!

Re: So Biden is releasing the SPR [windywave] [ In reply to ]

Mar 31, 22 18:41

Post #83 of 222 (1295 views)

Doing it again. Probably saw his new poll numbers.

Re: So Biden is releasing the SPR [windywave] [ In reply to ]

Jun 3, 22 16:33

Post #84 of 222 (1128 views)

https://wgntv.com/...m_content=share-link

Without comment

Re: So Biden is releasing the SPR [windywave] [ In reply to ]

Jun 3, 22 17:43

Post #85 of 222 (1106 views)

In true EricM wannabe style, let me state that we will see some maneuvers by this administration in late summer that will lower gas prices just in time for the midterms.

I’ll repost this prior to the November elections.

Last edited by: JD21: Jun 3, 22 17:45

Re: So Biden is releasing the SPR [JD21] [ In reply to ]

Jun 3, 22 17:54

Post #86 of 222 (1094 views)

JD21 wrote:

In true EricM wannabe style, let me state that we will see some maneuvers by this administration in late summer that will lower gas prices just in time for the midterms.

I’ll repost this prior to the November elections.

This a) won't reduce gas prices b) will increase feed prices

Re: So Biden is releasing the SPR [windywave] [ In reply to ]

Sep 23, 22 11:46

Post #87 of 222 (921 views)

https://www.reuters.com/...off-taps-2022-09-20/

Ho Hum....we're at the lowest levels since 1984 .... commercial storage is higher than the SPR.... man that pipeline would be nice at the moment....

Re: So Biden is releasing the SPR [windywave] [ In reply to ]

Sep 23, 22 12:07

Post #88 of 222 (911 views)

windywave wrote:

https://www.reuters.com/business/energy/us-refiners-eye-canadian-oil-once-strategic-reserve-turns-off-taps-2022-09-20/

Ho Hum....we're at the lowest levels since 1984 .... commercial storage is higher than the SPR.... man that pipeline would be nice at the moment....

What pipeline? Pipelines in the US are running at 50% capacity. Do you mean Keystone? Keystone 1 & 2 have been up and operational for years. Keystone XL was not needed and if it had been approved would not have been live until late next year. It would not be fully functional for several years after that. Even at full capacity it would have added less than 1% to global supply.

WTI hit $78 today, lowest price since January. I would rather refill the SPR with American oil than that that Canadian stuff.

Post deleted by spudone [ In reply to ]

Sep 23, 22 12:14

Post #89 of 222 (892 views)

Re: So Biden is releasing the SPR [spudone] [ In reply to ]

Sep 23, 22 12:23

Post #90 of 222 (878 views)

spudone wrote:

Nutella wrote:

windywave wrote:

https://www.reuters.com/business/energy/us-refiners-eye-canadian-oil-once-strategic-reserve-turns-off-taps-2022-09-20/

Ho Hum....we're at the lowest levels since 1984 .... commercial storage is higher than the SPR.... man that pipeline would be nice at the moment....

What pipeline? Pipelines in the US are running at 50% capacity. Do you mean Keystone? Keystone 1 & 2 have been up and operational for years. Keystone XL was not needed and if it had been approved would not have been live until late next year. It would not be fully functional for several years after that. Even at full capacity it would have added less than 1% to global supply.

WTI hit $78 today, lowest price since January. I would rather refill the SPR with American oil than that that Canadian stuff.

windy would rather have monarchy-approved oil.

Ha. I doubt Windy even knows that the SPR is down in Texas and Louisiana. He also is likely not aware that 2022 will be a record year for Oil production in the U.S.

Windy probably also does not know that Biden's coordinated release of global supplies shaved .42 a gallon off US gas prices.
https://home.treasury.gov/...ress-releases/jy0887

Re: So Biden is releasing the SPR [BLeP] [ In reply to ]

Sep 24, 22 15:13

Post #91 of 222 (811 views)

BLeP wrote:

"OIL PRICES ARE TOO HIGH AND IT'S ALL BIDEN'S FAULT!!!"

Biden cancels the pipeline

Biden pushes for electric cars

Biden does nothing about fuel prices because his power is limited to effect gas prices

Biden has the worst approval rating of any president

Biden adds more oil supply.

Fixed it for you

Re: So Biden is releasing the SPR [jharris] [ In reply to ]

Sep 24, 22 15:21

Post #92 of 222 (802 views)

jharris wrote:

BLeP wrote:

"OIL PRICES ARE TOO HIGH AND IT'S ALL BIDEN'S FAULT!!!"

Biden cancels the pipeline

Biden pushes for electric cars

Biden does nothing about fuel prices because his power is limited to effect gas prices

Biden has the worst approval rating of any president

Biden adds more oil supply.

Fixed it for you

How is posting lies "fixing it"?

Re: So Biden is releasing the SPR [jharris] [ In reply to ]

Sep 24, 22 15:58

Post #93 of 222 (779 views)

jharris wrote:

Biden has the worst approval rating of any president

Biden adds more oil supply.

Those two are, indeed, lies. You've given up on rational discussion, and are just going with "own the lib" trolling?

Re: So Biden is releasing the SPR [spudone] [ In reply to ]

Sep 24, 22 16:30

Post #94 of 222 (759 views)

spudone wrote:

Nutella wrote:

windywave wrote:

https://www.reuters.com/business/energy/us-refiners-eye-canadian-oil-once-strategic-reserve-turns-off-taps-2022-09-20/

Ho Hum....we're at the lowest levels since 1984 .... commercial storage is higher than the SPR.... man that pipeline would be nice at the moment....

What pipeline? Pipelines in the US are running at 50% capacity. Do you mean Keystone? Keystone 1 & 2 have been up and operational for years. Keystone XL was not needed and if it had been approved would not have been live until late next year. It would not be fully functional for several years after that. Even at full capacity it would have added less than 1% to global supply.

WTI hit $78 today, lowest price since January. I would rather refill the SPR with American oil than that that Canadian stuff.

windy would rather have monarchy-approved oil.

It's called a Royal Warrant

And yes I'd like to refill the SPR ASAP and only use it for you know real emergencies and not as a quasi-socialist state run economy regulator.

Re: So Biden is releasing the SPR [windywave] [ In reply to ]

Sep 24, 22 16:50

Post #95 of 222 (748 views)

windywave wrote:

spudone wrote:

Nutella wrote:

windywave wrote:

https://www.reuters.com/business/energy/us-refiners-eye-canadian-oil-once-strategic-reserve-turns-off-taps-2022-09-20/

Ho Hum....we're at the lowest levels since 1984 .... commercial storage is higher than the SPR.... man that pipeline would be nice at the moment....

What pipeline? Pipelines in the US are running at 50% capacity. Do you mean Keystone? Keystone 1 & 2 have been up and operational for years. Keystone XL was not needed and if it had been approved would not have been live until late next year. It would not be fully functional for several years after that. Even at full capacity it would have added less than 1% to global supply.

WTI hit $78 today, lowest price since January. I would rather refill the SPR with American oil than that that Canadian stuff.

windy would rather have monarchy-approved oil.

It's called a Royal Warrant

And yes I'd like to refill the SPR ASAP and only use it for you know real emergencies and not as a quasi-socialist state run economy regulator.

China wasn't the only country to release supply from their SPR. India, Japan, Republic of Korea, the United Kingdom and the U.S. did as well. It was a smart move and helped bridge a short term gap in supply and it lowered consumer prices by .42 per gallon

Re: So Biden is releasing the SPR [trail] [ In reply to ]

Sep 24, 22 17:24

Post #96 of 222 (731 views)

trail wrote:

jharris wrote:

Biden has the worst approval rating of any president

Biden adds more oil supply.

Those two are, indeed, lies. You've given up on rational discussion, and are just going with "own the lib" trolling?

Yes, he most likely isn’t adding more oil supply. Thanks for correcting me.

Feel free to post Biden’s approval ratings

Re: So Biden is releasing the SPR [windywave] [ In reply to ]

Sep 24, 22 18:22

Post #97 of 222 (697 views)

what would you do?

Re: So Biden is releasing the SPR [jharris] [ In reply to ]

Sep 24, 22 18:29

Post #98 of 222 (688 views)

jharris wrote:

trail wrote:

jharris wrote:

Biden has the worst approval rating of any president

Biden adds more oil supply.

Those two are, indeed, lies. You've given up on rational discussion, and are just going with "own the lib" trolling?

Yes, he most likely isn’t adding more oil supply. Thanks for correcting me.

Feel free to post Biden’s approval ratings

Up 9 points in 4 months

You made the claim that Joe has "The worst approval rating of any president".....show your math.

Re: So Biden is releasing the SPR [stevie g] [ In reply to ]

Sep 24, 22 18:30

Post #99 of 222 (684 views)

stevie g wrote:

what would you do?

With regard to.....?

Re: So Biden is releasing the SPR [windywave] [ In reply to ]

Sep 24, 22 18:53

Post #100 of 222 (671 views)

And yes I'd like to refill the SPR ASAP and only use it for you know real emergencies and not as a quasi-socialist state run economy regulator.

Biden released the SPR, what would you have done instead? what would be the impact of your actions? What constitutes a real emergency worthy of using the SPR? When would President Windy use it?

Our Partners

transition-DOT-area-AT-slowtwitch-DOT-com

Advertise with us

©1999-2024 Slowtwitch, Inc., and Slowtwitch.com
Reproduction of material from any Slowtwitch.com page
without written permission is strictly prohibited.