Internal midterm poll numbers must be looking bad.

(10-19-2022 08:06 AM)Redwingtom Wrote:  Yeah, of course they have that power...and I guess, sure, there could be some coordinated global cabal at work...but why?

How does dramatically increasing the price of energies other than oil, electricity as you specifically mentioned, move everyone to EV's which need that electricity? If you want to move people to EV's, don't you want to make it more cost effective?

And again, this isn't some overnight switch. Most experts predict it will take a decade or more to see much movement.

Nope.

In Europe, power costs are up 300% in 2022 alone Tom. We see the same thing happening in multiple other non European nations. And they are forecast to go significantly higher.

At the same time countless nations are experiencing rolling blackouts that are growing worse and worse every 6 months as green polices and regulation are creating huge shortfall in energy.

Much of our media is ignoring it, but there are massive protests in 1st, 2nd and 3rd world nations across the globe that have bought into the progressive green scam which robs the populace of energy sources and reserves and drive the costs sky high even though its totally unnecessary. We are seeing a world wide epidemic on this issue and their is virtual silence in the media on it.

This is likely going to become the single biggest CREATED economic crisis and power grab in human history. And its a designed and planed to economically enslave much of the world through energy policy in the name of "climate change". "You will own nothing and be happy" - WEF

There is no single political issue or tool on this earth that is all encompassing for control and power over all like this issue. And they know it.

If we had honest leaders in our country, we could have 1.50 gas, record low electricity bills ( for next several decades), and keep the environment clean and keep emissions low and develop newer and better renewables and alternatives. But none of that is going to happen, instead we are going with a much more extremist policy and follow the globalist and WEF playbook and crush the middle and lower classes with regulation and costs. As Obama, Biden and many other politicians on the left have openly bragged multiple times the last few years, major price increases on energy are a "necessary pain" for Americans because they have to "combat climate change".

We are the one that have to pay the price and feel the pain, not them.

(10-19-2022 06:34 AM)Redwingtom Wrote:  

(10-18-2022 08:02 PM)Fo Shizzle Wrote:  This won't make a schit of an impact on prices and puts the country in danger.

Yes, it will have a minimal effect on prices...before the mid-terms. Especially since it usually takes about two weeks for any of this to turn into actual gasoline. But no, this does not put the country in any sort of danger. That's just hyperbolic.

First off - there is no EMERGENCY here, he (or they) are doing this to artificially deflate prices before an election - full stop.

BUT - even if they did consider the high prices right now an emergency (which it is not), what happens when a REAL emergency comes along and we don't have anything in reserves to help us stay afloat? We're on the precipice of possible nuclear war with Russia, China is upping the rhetoric on Taiwan and even our own SECDEF is saying their invasion timetable has sped up and could happen soon, we are about to enter a major recession, AND we just pissed off the Saudis and at any time they could give us the middle finger.

Those are possible real emergencies that could occur at any moment and this brain dead admin is too short sighted and has failed on so many fronts that they are using this kind of nonsense tactic to hold on to a few extra votes prior to getting shellacked in the midterms. It's almost criminal.

This is part of the however many million he already announced he was releasing and isn't even a day's supply, so it's really just the White House trying to make a headline.

Biden says Strategic Oil Reserves are 'half full,' promises release of additional 15 MILLION barrels

Quote:In a speech on Wednesday, President Biden announced additional measures to lower fuel prices including another release from the Strategic Petroleum Reserves, while continuing to blame Russian President Vladimir Putin for the price increase.

Biden announced that an additional 15 million barrels of oil will be released, "extending our previously announced release through the month of December."

"We’re going to continue to responsibly use that national asset," Biden said, noting independent analysts who have said the drawdown from the reserves has "played a big role in bringing down oil prices."

"Earlier this year because of Putin's invasion of Ukraine, the price of oil and gas increased dramatically. And I acted decisively at the time, and thanks in part to those actions. The price of our gas has fallen to 30 percent from the summer highs."

Biden stated that gas prices have fallen around $1.50 from their peak over the summer, and that "gas prices have fallen every day in the last week."

While gas prices are down from the over $5 peak seen in June, prices are up from one month ago, and still up from last year. According to the American Automobile Association, the national average for a gallon of gas is $3.85, down nearly 2 cents from last week, but up around 20 cents from September.

Noting earlier that the Strategic Petroleum Reserves are "more than half full with about 400 million barrels of oil," Biden also announced that the United States government would be seeking to refill these reserves in the future.

Biden said the move would come as a "profit for taxpayers," stating that the US would refill the reserves when the price per barrel drops to $70.

"Since March, the average price of oil has been more than $90 a barrel, the highest since 2014. By selling from the Strategic Petroleum Reserves at the higher price of $90 earlier this year, and then refilling it in the future at a lower price, around $70, will actually make money for the taxpayers, lower the price of gas, and help bolster production all while totally consistent with my commitment to accelerate the transition to clean energy."

According to Business Insider, the last time a barrel of oil was under $70 was in November of 2021.

Biden continued on to urge oil companies to "pass the savings on to consumers," stating that these companies are passing on money "to their shareholders, not to consumers."

"You should not be using your profits to buy back stock or for dividends. Not now. Now while a war is raging," Biden later added. "You should be using these record-breaking profits to increase production and refine, invest in America, for the American people."

In response to a reporter asking Biden to respond to Republicans saying the move to release more oil is politically motivated with the midterms under a month away, Biden said, "where have they been the last four months?"

"Look, it makes sense. I’ve been doing this for how long now? It’s not politically motivated at all," he continued. "It’s motivated to make sure that I continue to push on what I’ve been pushing on, and that is making sure there’s enough oil that’s been pumped by companies so that we have the ability to be able to produce enough gas that we need here at home, oil we need here at home."

Biden Shamelessly Depletes Our Strategic Petroleum Reserve To Buy Midterm Votes For Democrats

Quote:Gasoline prices will soar after the Democrats’ midterm shellacking. Why? Power. For many politicians, as well as parties, the point of power is power.

Biden campaigned against American oil and gas, saying he would “end fossil fuels” with no more pipelines and “no more drilling on federal lands, no more drilling, including offshore, no ability for the industry to continue to drill.”

Within a week of taking office, Biden banned the Keystone XL pipeline and suspended oil and gas leasing on federal lands — the latter move was subsequently overturned in late August by a federal judge in response to a lawsuit by Texas Attorney General Ken Paxton. The regulatory assault has been unrelenting as well.

Meanwhile, Biden’s allies in woke finance are working to dry up the capital needed to find more oil and gas and then produce and refine it. As a result, America is producing about 1 million barrels a day less oil than it did under former President Donald Trump (before the onset of Covid-19).

Strategic Reserve Low
Coincidentally, that 1-million-barrel shortfall is about the same amount of oil Biden has been withdrawing from the Strategic Petroleum Reserve (SPR).

Congress created the SPR in 1975 after the oil shocks of the 1970s led to gas lines and stagflation. Situated underground in giant caverns associated with salt domes in Louisiana and Texas, the SPR was rapidly filled to about 600 million barrels by 1990. It reached its maximum capacity of 714 million barrels during the Great Recession when the price of oil plunged from $190 a barrel to $58.

But since Biden’s election — and especially since the White House announced an accelerated draw down of the SPR on Nov. 23, 2021 — the oil in the SPR has plummeted to levels not seen since 1984, shortly after the storage caverns became operational.

Presidential Approval Tied to Gas Prices
The figure below illustrates two important variables during President Joe Biden’s time in office. The first is the RealClearPolitics average of presidential job approval polling, with approval tracked in black and disapproval in red. The second is the average price for a gallon of regular gasoline. The figure shows how public approval of the job Biden is doing tends to lag the price of gasoline — a common and necessary product most voters buy on a regular basis, and one for which there is extreme and constant visibility, unlike, say, the cost of eggs or a pair of shoes.



Not surprisingly, an administration whose chief declared war on American-made energy well before inauguration presided over a steady increase in the price of gasoline.

By November, with the average price of a gallon of regular gasoline having increased steadily over the past 11 months from $2.20 to $3.40, or 55 percent, the Biden team was panicking as the presidential job approval deficit hit a negative 12.1 percentage points. The irony, of course, is that the price of energy was merely reacting to Biden’s own policies.

The challenge for green politicians is that while polling frequently shows Americans approve of expanding green energy (wind, solar, and batteries) by 80 percent to 20 percent, when a modest cost is assigned to these policies — even $20 a month in higher prices for electricity or gasoline — support quickly collapses to 30 percent to 70 percent against green energy, especially among lower-income groups that have traditionally been a core Democratic constituency. It seems everyone’s for windmills, rainbows, and unicorns — until the bill comes due.

Thus, on Nov. 23, 2021, as Biden’s approval ratings had precipitously declined for six months, the White House announced a greatly accelerated drawdown of the SPR. Almost immediately, there was relief at the pump and the Biden job approval rating saw a jolt upward — for a month.

Unfortunately for Biden, his administration’s ongoing hostility to American-made oil, combined with the federal government’s competing against the oil and gas industry by selling oil out of storage, could not keep prices low forever.

Using the Strategic Petroleum Reserve Politically
So, where do we go from here? If Biden has been drawing down the SPR for crass partisan purposes, transmogrifying the Strategic Petroleum Reserve into the Strategic Political Reserve, what might he do after Nov. 8 when the Democrats may lose both the House and the Senate as well as some governorships and state legislative chambers?

To see how Biden might use the awesome, market-shaping power of the SPR, we must look at how it’s been abused so far: not as a store of energy to mitigate the effects of another Arab oil embargo, nor in the event of a major war, but to purchase political popularity. This view is further fortified by revelations out of Saudi Arabia that Biden begged the Saudis to delay the Organization of the Petroleum Exporting Countries’ production cut until after the November elections.

The Biden team — overweighted with elite, woke Ivy Leaguers — would view a loss to the MAGA masses in November as a rebuke deserving of a crushing response.

One option is refilling the SPR. My colleague John Hostettler, a member of the U.S. House of Representatives for a dozen years through 2007, believes that in the wake of a midterm loss, a simple cessation of the SPR draws wouldn’t be enough; it wouldn’t inflict enough pain.

Should the SPR draws stop, or, as Hostettler believes, shift back to refilling the reserves, what would happen? Oil prices would immediately spike, with gasoline prices following quickly. Democrats would start attacking “greedy Big Oil” and would introduce so-called windfall profits taxes, propose a ban on the export of American oil and gas, and call for hearings on oil industry collusion.

Republicans, of course, would defend the domestic oil industry. In response, Democrats and their allies in big media would pillory Republicans, calling them friends of Big Oil and enemies of working Americans.

Lastly, as gasoline prices pushed through $6, $7, or even $8 a gallon, Biden’s team would be at first quietly, then openly, touting the “transition” to green energy. “Don’t want to pay $8 a gallon for gas? Buy an electric car (with a made-in-China battery)!” they’d say.

In an arcade gaming context, Democrats’ actions to punish Americans for their November insolence might well turn into a Leeroy Jenkins moment, where their drive to inflict maximum pain at the pump results in the Democrats being wiped out in 2024.

But a new Republican majority in Congress wouldn’t be powerless. They can make aggressive use of the Congressional Review Act (CRA) to overturn many Biden administration rules, including the climate disclosure rule, that increase the costs of producing energy. Biden could veto CRA joint resolutions, but doing so would highlight his bad policies. Republicans could also redistribute funds from regulatory compliance to accelerating permitting to speed getting oil and gas out of the ground and to the consumer. Congress can also vote to remove judicial review to curb frivolous environmental or green energy lawsuits. While Biden could veto all of these initiatives, Congress, with the power of the purse, has a powerful negotiating tool.

Well, that will be just like Biden wetting his pants in a dark suit, he'll get a warm feeling, but no one will notice.

One way for presidents to not abuse reducing the oil reserves for political purposes is for Congress to vote on it. This would be the answer (unless your party is in the majority) but it's a start. You don't know whether there will be a nay vote from the party not in power thus securing the reserves. Only war should be a requisite to siphon from it.

The Reserves should be for emergency use only (like a war) but it seems that Bidet's handlers now finally realize that the coming election is an emergency so they need to try to reduce gas prices before the election.

Problem is that the amount they are going to release is equivalent to a day or two of consumption.

(10-19-2022 07:51 PM)MileHighBronco Wrote:  The Reserves should be for emergency use only (like a war) but it seems that Bidet's handlers now finally realize that the coming election is an emergency so they need to try to reduce gas prices before the election.

Problem is that the amount they are going to release is equivalent to a day or two of consumption.

Less than a day. We use 19.89 million barrels a day on average.

(10-19-2022 08:06 AM)Redwingtom Wrote:  

(10-19-2022 07:58 AM)ericsrevenge76 Wrote:  

(10-19-2022 07:37 AM)Redwingtom Wrote:  Who is "they" and how exactly do they intend to do this, and for what purpose? If "they" is the Biden administration, and they want to move everyone to EV's, why would they want the price of electricity to be higher? Wouldn't that only benefit the energy companies that you're implying they want to hurt?

You already know the answers to all those questions, Tom. But your progressive worldview forces you to feign ignorance and pretend like you don't at all.

You have to pretend like you are ignorant of the fact the the WH and congress have a gazillion ways using policy and regulation that can significant impact electricity prices. Regulation alone can dramatically impact the price of energy from the ground all the way to the wall sockets in your house.

We already know the explosion of energy costs across the globe the last several years due to green climate policy, and we already know what the WEF and others are bragging is yet to come.

The fact is we have the ability to do an "all the above strategy" which keep oil, gas and electricity first cheap fore years to come, and protect the environment, AND work on advancements in renewables so forth. But the elite globalists have already shown their hand and made clear they have no intention of taking such a balanced approach, they are instead taking a muhc more extremist position and driving the price of energy through the roof via regulations and policy.

Its all about power and control for the global elites, and "climate change" is the single biggest and most sweeping way path to concentrate ultimate power and control to a small group of global elites, even through "democratic" means.

Yeah, of course they have that power...and I guess, sure, there could be some coordinated global cabal at work...but why?

How does dramatically increasing the price of energies other than oil, electricity as you specifically mentioned, move everyone to EV's which need that electricity? If you want to move people to EV's, don't you want to make it more cost effective?

And again, this isn't some overnight switch. Most experts predict it will take a decade or more to see much movement.

Once again NOT ONE OUNCE of critical thinking skills on your part when it comes to your Democratic Heroes.

(10-19-2022 08:06 AM)Redwingtom Wrote:  

(10-19-2022 07:58 AM)ericsrevenge76 Wrote:  

(10-19-2022 07:37 AM)Redwingtom Wrote:  Who is "they" and how exactly do they intend to do this, and for what purpose? If "they" is the Biden administration, and they want to move everyone to EV's, why would they want the price of electricity to be higher? Wouldn't that only benefit the energy companies that you're implying they want to hurt?

You already know the answers to all those questions, Tom. But your progressive worldview forces you to feign ignorance and pretend like you don't at all.

You have to pretend like you are ignorant of the fact the the WH and congress have a gazillion ways using policy and regulation that can significant impact electricity prices. Regulation alone can dramatically impact the price of energy from the ground all the way to the wall sockets in your house.

We already know the explosion of energy costs across the globe the last several years due to green climate policy, and we already know what the WEF and others are bragging is yet to come.

The fact is we have the ability to do an "all the above strategy" which keep oil, gas and electricity first cheap fore years to come, and protect the environment, AND work on advancements in renewables so forth. But the elite globalists have already shown their hand and made clear they have no intention of taking such a balanced approach, they are instead taking a muhc more extremist position and driving the price of energy through the roof via regulations and policy.

Its all about power and control for the global elites, and "climate change" is the single biggest and most sweeping way path to concentrate ultimate power and control to a small group of global elites, even through "democratic" means.

Yeah, of course they have that power...and I guess, sure, there could be some coordinated global cabal at work...but why?

How does dramatically increasing the price of energies other than oil, electricity as you specifically mentioned, move everyone to EV's which need that electricity? If you want to move people to EV's, don't you want to make it more cost effective?

And again, this isn't some overnight switch. Most experts predict it will take a decade or more to see much movement.

Magic wands are only needed when incompetent people are in charge.

Its really hard to decide who is the bigger idiot - Biden or Buckwheat press sec. Both are just mind numbingly stupid and even worse is liberals actually believe these 2 fools

(10-19-2022 07:37 AM)Redwingtom Wrote:  

(10-19-2022 07:18 AM)ericsrevenge76 Wrote:  ...they are about to seriously jack up the electricity prices anyway after the election

Who is "they" and how exactly do they intend to do this, and for what purpose? If "they" is the Biden administration, and they want to move everyone to EV's, why would they want the price of electricity to be higher? Wouldn't that only benefit the energy companies that you're implying they want to hurt?

It's called the SR for a reason. Drawing it down without reason is dangerous. The price of gas is dropping anyway because refineries that were off line are returning to production. This is nothing but a political ploy and those of us with a hint of common sense know it. Of course...Thats not what Biden is targeting.

(10-20-2022 06:46 AM)VA49er Wrote:  Magic wands are only needed when incompetent people are in charge.

I'm afraid these people aren't incompetent. In the words of Kari Lake, they're "evil bastards."

I'm afraid the incompetence lies with the republicans' inability to provide a strong opposition.

(10-20-2022 08:16 AM)Owl 69/70/75 Wrote:  

(10-20-2022 06:46 AM)VA49er Wrote:  Magic wands are only needed when incompetent people are in charge.

I'm afraid these people aren't incompetent. In the words of Kari Lake, they're "evil bastards."

I'm afraid the incompetence lies with the republicans' inability to provide a strong opposition.

again, when the msm is 99% aligned with such evil coupled with a lack of incentive to improve the lives of the avg. american, the battle to recover becomes exponentially more diffi'cult' to overcome...

(10-20-2022 08:49 AM)stinkfist Wrote:  

(10-20-2022 08:16 AM)Owl 69/70/75 Wrote:  

(10-20-2022 06:46 AM)VA49er Wrote:  Magic wands are only needed when incompetent people are in charge.

I'm afraid these people aren't incompetent. In the words of Kari Lake, they're "evil bastards."
I'm afraid the incompetence lies with the republicans' inability to provide a strong opposition.

again, when the msm is 99% aligned with such evil coupled with a lack of incentive to improve the lives of the avg. american, the battle to recover becomes exponentially more diffi'cult' to overcome...

So you fight harder. You can't cower and be afraid like republicans are being.

Kari Lake called her opponents "evil bastards." That's the kind of thing that an opposition/resistance says.

Republicans didn't say bad things about Obama, and won't say bad things about Raphael Warnock, for fear pf being called racist. Hey, they're going to call you racist anyway, because it's all they've got, so you might as well confront it head-on.