Billionaire oil refiner warns Biden to ‘open up the spigots’ or things 'will get worse

[ducks]

https://www.foxbusiness.com/economy/billionaire-oil-refiner-biden-spigots

He is right
Lower oil prices
Drive prices down everywhere
Higher interest rates will kill the housing industry

[ChumpDumper]

https://www.foxbusiness.com/economy/billionaire-oil-refiner-biden-spigots

He is right
Lower oil prices
Drive prices down everywhere
Higher interest rates will kill the housing industry

:lol Biden doesn't control the spigots.

:lol Your Trump begged Russia and Saudi Arabia to close their spigots.

[SpursforSix]

https://www.foxbusiness.com/economy/billionaire-oil-refiner-biden-spigots

He is right
Lower oil prices
Drive prices down everywhere
Higher interest rates will kill the housing industry

Open the spigots?

I guarantee you that every oil company in the U.S. is producing everything they can at these prices.

[Thread]

He'll never do it.

He's one stubborn mother fucker and there is no changing him.

[Spurminator]

Surely ducks is not allowed by the state of Arizona to operate a moving vehicle.

[ducks]

:lol Biden doesn't control the spigots.

:lol Your Trump begged Russia and Saudi Arabia to close their spigots.

Did you not enjoy gas at 1.87 in 2020 in Memorial Day

[ducks]

Surely ducks is not allowed by the state of Arizona to operate a moving vehicle.

Drove thru Wyoming,Idaho, Nevada , and Arizona yesterday

Went to see my sons headstone.

[ChumpDumper]

Did you not enjoy gas at 1.87 in 2020 in Memorial DayDuring the lockdown?

Not particularly.

Why do you think demand was down then?

[clambake]

Drove thru Wyoming,Idaho, Nevada , and Arizona yesterday

Went to see my sons headstone.

That’s a roundabout way to get there.

[SpursforSix]

That’s a roundabout way to get there.

Those were the last states where he hasn't pee peed in front of kids. He's done now.

[clambake]

Ha

[Trill Clinton]

Whats up with the alt-right sucking so much billionaire dick lately?

[SnakeBoy]

Dems official message has become lol poors

1534205274529087488

[baseline bum]

Whats up with the alt-right sucking so much billionaire dick lately?

lately?

[DMC]

Biden is like "hell how many spigots do I need to let into the country!! Open up hell.. are these people watching the news?"

[MultiTroll]

1534205274529087488
:tu

[FuzzyLumpkins]

Dems official message has become lol poors

1534205274529087488

So the proposed subsidies to EVs and infrastructure would do what for the cost of EV products to the consumer?

[ducks]

During the lockdown?

Not particularly.

Why do you think demand was down then?
I continued to work I had drive
I enjoyed the lower food prices also
Same demand maybe more now because of the open boarder

[spurraider21]

So the proposed subsidies to EVs and infrastructure would do what for the cost of EV products to the consumer?
its a good long term solution but people still need short term relief

"i'm dying"

"yeah we're building a hospital. should be up and running in 10 months"

[ChumpDumper]

I continued to work I had drive
I enjoyed the lower food prices also
Same demand maybe more now because of the open boarder:lol demand was nowhere near what it is now.

[FuzzyLumpkins]

its a good long term solution but people still need short term relief

"i'm dying"

"yeah we're building a hospital. should be up and running in 10 months"

sure but the point is that it hasn't started. now I am not here to debate the merits of the dems bill that failed but instead there is one party that is very clearly obstructionist to such subsidies.

them turning around and complaining about prices is as self serving as it is willful ignorance.

[daboom1]

He'll never do it.

He's one stubborn mother fucker and there is no changing him.

Why should he? They are getting filthy rich.

[SnakeBoy]

So the proposed subsidies to EVs and infrastructure would do what for the cost of EV products to the consumer?

Won't do anything to help the poors

[spurraider21]

sure but the point is that it hasn't started. now I am not here to debate the merits of the dems bill that failed but instead there is one party that is very clearly obstructionist to such subsidies.

them turning around and complaining about prices is as self serving as it is willful ignorance.
the "price gouging" bill was trash tbh

[ducks]

:lol demand was nowhere near what it is now.

I was talking about food

[ChumpDumper]

Why should he? They are getting filthy rich.How do US presidents turn on the spigot, Qhris?

[ChumpDumper]

I was talking about foodThat was also down.

[FuzzyLumpkins]

the "price gouging" bill was trash tbh

sure but the legislative process includes a negotiative process. GOP policy in all statehouses and in DC is to not even allow certain issues to be debated.

i hold no water for the dem party. they are corrupt as hell but do you not think there would be merit in society for a public debate on important issues at the highest level?

[MultiTroll]

Smell the coffee ducks.

Oil companies 2022 record profits amid Ukraine war, energy price hike (usatoday.com) (https://www.usatoday.com/story/money/economy/2022/05/07/oil-company-record-profits-2022/9686761002/)

[boutons_deux]

Big finance doesn't want to lend Big oil the money for new refineries because they think the oil price will come down like it always does


Plus there are other ways to spend their money to get quicker returns

[daboom1]

"Biden doesn't control anything, but Putin does."

-Libtard

[ElNono]

Beep Boop

-Beep Boop

[Spurminator]

Chris gotta force a few Putin defenses in by 9pm to meet quota.

[benefactor]

You gullible motherfuckers are still believing Big Oil's horseshit?:lol

[benefactor]

Drove thru Wyoming,Idaho, Nevada , and Arizona yesterday

Went to see my sons headstone.
Im sure whatever the afterlife looks like is far better then him having to explain to anyone why his old man is the way he is.

[SnakeBoy]

1534493959006957569

[SnakeBoy]

MSM giving Biden economy survival tips :lmao

[SnakeBoy]

https://www.youtube.com/watch?v=Bk4RRJ9a_24&t=1s

[SnakeBoy]

1534868144191328256

[ElNono]

1534868144191328256

:tu As usual democrats fixing up the economy the previous GOP president trashed

[SpursforSix]

You gullible motherfuckers are still believing Big Oil's horseshit?:lol

You can explain that if you want. I doubt you can. I guarantee you Big Oil is doing everything they can to produce as much oil as they can at these prices. But when you've got foreign countries artificially controlling supply, there's only so much that can be done.

[Splits]

Only thing better that could happen to this shit country besides $8/gal gas is banning guns.

[SnakeBoy]

Libya’s oil production has almost fully halted as a political crisis leads to more shutdowns of ports and fields.

The OPEC member’s daily output -- which averaged 1.2 million barrels last year -- is down by about 1.1 million barrels, Oil Minister Mohamed Oun told Bloomberg on Monday. That suggests Libya is pumping only about 100,000 barrels a day. “Almost all the oil and gas activities in the east of Libya are being shut down,” Oun said. In the south-west, the 40,000 barrel-a-day Wafa field is the only one with continuous production, he said.

[SnakeBoy]

dp

[SnakeBoy]

https://charts.stocktwits.com/production/original_465986364.png

Ol Joe headed over there next month to beg in person

Please my Prince...help me :cry

:lmao

[ChumpDumper]

:lol your Trump begged them to cut production

[hater]

"Biden doesn't control anything, but Putin does."

-Libtard

:lmao

[hater]

https://charts.stocktwits.com/production/original_465986364.png

Ol Joe headed over there next month to beg in person

Please my Prince...help me :cry

:lmao

Joe will have to suck Bone Sawmans dick :lmao :lmao

[SnakeBoy]

Joe will have to suck Bone Sawmans dick :lmao :lmao

It's gonna be a sight to see :lmao

[SpursforSix]

https://charts.stocktwits.com/production/original_465986364.png

Ol Joe headed over there next month to beg in person

Please my Prince...help me :cry

:lmao

Ultimately, there might not be much to beg for. There's plenty of articles talking about the Saudis declining reserves and whether or not they can increase production enough to keep prices in check. The fact that prices are so high but the Saudi production has decreased is pretty concerning.

[SnakeBoy]

Ultimately, there might not be much to beg for. There's plenty of articles talking about the Saudis declining reserves and whether or not they can increase production enough to keep prices in check. The fact that prices are so high but the Saudi production has decreased is pretty concerning.

Oh yeah, they can't save his bacon. Even if they could increase production some, Libya is offline now so that's a million barrels a day lost. Looks like we have to wait for the demand destruction recession before prices come down.

Seems to be two schools of thought now. One is oil shoots up $150-200 and causes the recession this year. The other is we chug along as we are the rest of the year and get the recession next year.

[SpursforSix]

Oh yeah, they can't save his bacon. Even if they could increase production some, Libya is offline now so that's a million barrels a day lost. Looks like we have to wait for the demand destruction recession before prices come down.

Seems to be two schools of thought now. One is oil shoots up $150-200 and causes the recession this year. The other is we chug along as we are the rest of the year and get the recession next year.

Can't remember where I read it but someone put the odds of a recession this year at 1/4, and next year at 3/4.
It's hard to disagree with the price of gas and food going up so much. It's not a quick fix.