Biden now Surpasses Jimmy Carter as worst President ever in terms of handling Economy

rolltide · Oct 27, 2022

I'm sure you haven't heard this so let me break it to you...

Biden has allowed the diesel gas reserves to drop to their lowest in 15 years and by shutting down USA's energy independence we have 3 weeks of diesel gas left. And since Russia is giving the middle finger to the West global inventories are at their lowest number in several generations but not as desperate as the East and Central USA which are the heartland for transportation of European imports and American poultry, wheat, corn, and beef.

Let me type this slowly for the Communists on the forum that don't understand Capitalism... low reserves, high demand = massive price increase for diesel gas especially in central and eastern usa. In terms you would fully understand: drop your cocks and grab your socks and watch those diesel prices rise while JUST CURIOUS blames the gas station and the grocery stores

StevieRay · Oct 27, 2022

SheriffJoe · Oct 27, 2022

rolltide said:
I'm sure you haven't heard this so let me break it to you...

Biden has allowed the diesel gas reserves to drop to their lowest in 15 years and by shutting down USA's energy independence we have 3 weeks of diesel gas left. And since Russia is giving the middle finger to the West global inventories are at their lowest number in several generations but not as desperate as the East and Central USA which are the heartland for transportation of European imports and American poultry, wheat, corn, and beef.

Let me type this slowly for the Communists on the forum that don't understand Capitalism... low reserves, high demand = massive price increase for diesel gas especially in central and eastern usa. In terms you would fully understand: drop your cocks and grab your socks and watch those diesel prices rise while JUST CURIOUS blames the gas station and the grocery stores

View attachment 48694

Also, skyrocketing...well, any product transported by diesel trucks and trains.

But it'll be after the midterms, so they don't give a fuck. They really don't.

It's all part of their "green" agenda.

"Green energy" in libtard is spelled S-U-F-F-E-R

#FJB
#PedoHitler

rolltide · Oct 28, 2022

SheriffJoe said:
Also, skyrocketing...well, any product transported by diesel trucks and trains.

But it'll be after the midterms, so they don't give a fuck. They really don't.

It's all part of their "green" agenda.

"Green energy" in libtard is spelled S-U-F-F-E-R

#FJB
#PedoHitler

Yep u must note the timing as the massive rise in diesel prices and subsequent increase in cost of goods will hit after the election and extend well into 2023. This will give AlzHitler the green light to say the Red Wave on Nov2022 causes inflation

rolltide · Oct 28, 2022

rolltide said:
I'm sure you haven't heard this so let me break it to you...

Biden has allowed the diesel gas reserves to drop to their lowest in 15 years and by shutting down USA's energy independence we have 3 weeks of diesel gas left. And since Russia is giving the middle finger to the West global inventories are at their lowest number in several generations but not as desperate as the East and Central USA which are the heartland for transportation of European imports and American poultry, wheat, corn, and beef.

Let me type this slowly for the Communists on the forum that don't understand Capitalism... low reserves, high demand = massive price increase for diesel gas especially in central and eastern usa. In terms you would fully understand: drop your cocks and grab your socks and watch those diesel prices rise while JUST CURIOUS blames the gas station and the grocery stores

so a day after the news broke about diesel levels being depleted at a record rate with just a few weeks of reserves an energy think-tank close to the Biden Administration has put forth the proposal for the US Govt to NATIONALIZE (aka: take over) the nation's energy companies. Can anyone tell me what it's called when the Govt owns the means of production and allocation of those goods and services? This is the classic communist move of creating the problem with the only solution being larger government to solve the problem....

The energy crisis is worsening. The U.S. has fewer than 30 days of diesel and other distillate fuels, the lowest level since 1945. Supplies are so low that there will be shortages and price spikes within six months unless the U.S. enters recession, experts warn. In response, the Biden administration is releasing more oil from the Strategic Petroleum Reserve. But the reserves are of crude oil, not refined oil products such as diesel. And the releases are stifling investment in future oil production. “People are depleting their emergency stocks,” warned Saudi Arabia’s energy minister earlier this week. “Losing emergency stocks may become painful in the months to come.”

In response, influential Democrats, including a leading U.S. Senate candidate, a former Department of Energy official, and an influential energy expert, are urging the U.S. government to socialize America’s oil and gas firms.

At a Houston conference last week, Jason Bordoff, Dean of Columbia University’s Climate School, called for the “nationalization” of oil and gas companies. “Government must take an active role in owning assets that will become stranded,” he said, “and plan to strand those assets.” By “strand” Bordoff meant “make financially worthless.” Bordoff made the point at least twice during the confrerence. Bordoff’s call shocked many in the audience. “Jason is smart, well-informed, and well-connected to the Biden Administration,” said someone who was at the conference, “so these comments are scary.”

The calls come on the heels of two other Democrat-led efforts to expand U.S. government control over oil and gas production. One is a piece of legislation called “NOPEC,” which passed the Senate Judiciary Committee in May. The bill would change U.S. antitrust law to revoke a policy of sovereign immunity, which protects OPEC+ members from lawsuits. If NOPEC became law, the U.S. attorney general could sue Saudi Arabia and other OPEC members in court. The result could be a disruption of global supplies of oil and other commodities if nations retaliated against the U.S.

The other is an effort led by Treasury Secretary Janet Yellen to cap the price of Russian oil sold on global markets, which is unworkable because China and India have said they would circumvent it, and could backfire, resulting in far higher oil prices. Last week, analysts with Rapidan Energy told the same Houston conference that the December 5 implementation of the Russian price cap could reduce global supplies of oil by 1.5 million barrels per day. Such an amount would create an oil price shock.

Earlier this month, Bordoff told the World Economic Forum, which has called for a “Great Reset” to quickly move from fossil fuels to renewables, that climate change required a “massive transition” that is “going to be messy, it’s going to be disruptive.” Said Bordoff, “I think part of the broader macro environment that's happening now is one of more disruptive change because of climate impacts, but also more disruptive change because of geopolitics coming out of the pandemic, coming out of this conflict, completely rethinking what the World Economic Forum is all about.”

PatsFan1283 · Oct 28, 2022

The NOPEC bill is 1 of the dumbest things I've ever heard and would just send SA into the arms of Russia/China, that has to be grandstanding

StevieRay · Oct 29, 2022

StevieRay · Oct 30, 2022

https://twitter.com/i/web/status/1586482758469111808

rolltide · Oct 30, 2022

StevieRay said:
https://twitter.com/i/web/status/1586482758469111808

yep we are having a conversation and it starts with FUCK JOE BIDEN and FUCK HUSSEIN OBAMA

StevieRay · Oct 31, 2022

StevieRay · Oct 31, 2022

rolltide · Nov 1, 2022

you either go broke on your own or we'll do it for you!

rolltide · Nov 1, 2022

1st time I have read this but, if true, and we don't reopen our national energy resources it's GAME OVER. and the USA thinks they will win this energy war by telling the BRICS nations how much to pay for Russian energy? It was a good run America but Democrats were always going to destroy things. Enjoy your servitude

China has discovered a deepwater gas field with reserves of 50 billion cubic metres. This massive find in the ocean just off China's coast in Hainan Province signals a shift in the balance of global energy. The find is bigger than the entire US reserves.

CNOOC Strikes Natural Gas Riches in South China Sea, Accelerating Deepwater Exploration

China National Offshore Oil Corp. (CNOOC) has made a large offshore natural gas discovery in the South China Sea as it continues to work toward adding oil and gas reserves.

Proven gas in-place of the Baodao 21-1 field has “successfully passed the Chinese governmental review and filing,” the firm said. CNOOC says the field holds 50 billion cubic meters of natural gas.

The find is considered the biggest discovery in more than half a century. The discovery well Baodao 21-1-1 was completed at a depth of 5,188 meters, encountering 113 meters of pay zone. The well is set to produce 587,000 cubic meters/day.

Zhou Xinhuai, CEO, said, “We have accelerated the pace to explore in deep waters, targeting the discovery of large and medium-sized oil and gas fields.

StevieRay · Nov 2, 2022

roadreeler57 · Nov 2, 2022

t_hawk · Nov 2, 2022

With the Fed doing another rate hike today, it will all but kill the economy and people.

People who are retired will have their 401K lose even more, they are screwed!

Cost of everything will go higher, people are screwed!

Interest rates on CC, loans, mortgages will go higher, people are screwed!

They, the Fed caused the problem and now they are making things even worse by trying to fix it
Tell me this was not done on purpose...