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Saudi's threaten to flood oil market...


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9 minutes ago, Carlos Danger said:

hold on didn't Biden beg the saudi's to produce more oil?

maybe...

didn't the Trumptards whine like cunts when Biden sold oil from the SPR near top dollar?

the US recently purchased more oil for the SPR, Trumpkins said nothing

now the US might be able to buy more even cheaper than the last batch

Goddamned Biden... 

https://www.cnn.com/2023/06/05/politics/fact-check-trump-petroleum-reserve-oil/index.html

lol, the f'ng hypocrisy... :roflcrying:

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17 minutes ago, teamgreen02 said:

Softening global demand.  Agreed eventually takes over with the Saudis and they reduce prices since they don't want to lose market share.

the Kingdom must keep the people working and the cash flowing

what happens if Vlad gets the fuck out of Ukraine... free gas?

 

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3 hours ago, Crnr2Crnr said:

good for gas prices, bad for American production and price per barrel.

Biden's fault?   :dunno:

looking forward to the imbeciles here respond... 

No it's trumps fault, amirite

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3 hours ago, Crnr2Crnr said:

good for gas prices, bad for American production and price per barrel.

Biden's fault?   :dunno:

looking forward to the imbeciles here respond... 

You first.

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4 hours ago, Crnr2Crnr said:

looking forward to the imbeciles here respond... 

Racer will be confused. He thinks gas prices will be lower because of the election, but isn't sure how. 

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7 hours ago, akvanden said:

Racer will be confused. He thinks gas prices will be lower because of the election, but isn't sure how. 

Imagine that.  Perfect timing.  And now they can convince the minions that biden cant influence the price of energy.  Lol

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1 hour ago, racer254 said:

Imagine that.  Perfect timing.  And now they can convince the minions that biden cant influence the price of energy.  Lol

No that’s you that thinks that. You’re the minion. 

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  • Platinum Contributing Member

Good.....put the brakes on the EV market even more.   Smart by them.   They see it weakening and may pounce on it. 

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Some here claim that Saudi's can flood the market and change the price of oil etc.  Then these same people think the policy of the US can't change it and the elites convince these people that it's a "world market" 

Amazing how ignorant this thinking is.

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5 minutes ago, racer254 said:

Nice grade school response.  Fits the mindset of many here.

Oh I’m sorry. Let’s keep the minions comment generalized like you stated initially as to not point any fingers at members who thinks “they” are lowering oil prices for the upcoming election while not knowing who “they” is or why. It’s a healthier mindset for all. 

 

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15 minutes ago, racer254 said:

Some here claim that Saudi's can flood the market and change the price of oil etc.  Then these same people think the policy of the US can't change it and the elites convince these people that it's a "world market" 

Amazing how ignorant this thinking is.

Speaking of ignorant, you said it was the president not the policy.  Nice backpedal try though.

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6 minutes ago, akvanden said:

Oh I’m sorry. Let’s keep the minions comment generalized like you stated initially as to not point any fingers at members who thinks “they” are lowering oil prices for the upcoming election while not knowing who “they” is or why. It’s a healthier mindset for all. 

 

I am sorry, but believing that Saudi's can "flood" the market and change oil prices, and yet think that the US policy can't do the same is just naive.

image.png.cd7e3c739a554cc3f22eff60c632e77b.png

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1 minute ago, Deephaven said:

Speaking of ignorant, you said it was the president not the policy.  Nice backpedal try though.

Bullshit, you just hate it when I am correct and make some of these media narratives look foolish.

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Just now, Deephaven said:

Don't hate it when you are correct.  Of course you'd have to be correct first for that to even be anything other than imaginary anyways.

Just keep believing that Saudi's can, but the US can't.  Who convinced you of that?

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2 minutes ago, racer254 said:

I am sorry, but believing that Saudi's can "flood" the market and change oil prices, and yet think that the US policy can't do the same is just naive.

image.png.cd7e3c739a554cc3f22eff60c632e77b.png

Try adding up all the OPEC output, then imagine they increased their output by 10 % or decrease it by the same amount.

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14 minutes ago, racer254 said:

Some here claim that Saudi's can flood the market and change the price of oil etc.  Then these same people think the policy of the US can't change it and the elites convince these people that it's a "world market" 

Amazing how ignorant this thinking is.

It’s not a claim, they can. Their oil production is nationalized and can literally say we want to pump an extra million barrels, even at a loss, to drive prices down to squeeze for profit producers.

The US can’t do that. We don’t have nationalized oil fields. We can incentive producers through policy which over time can increase production, but then there’s the Saudi Arabia’s of the world who create risk. For profit companies don’t like risk, so they take a more measured/cautious approach.

 

Yeah it is amazing the ignorance, isn’t it. 9_9

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