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Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. - Foreign Affairs (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. (32329 Views)

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Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by bakar007: 9:55pm On Mar 31, 2022
IbomFinest:
Biden Announces Historic Oil Reserve Release, Along With Other Steps, To Reduce Gas Prices

President Joe Biden is announcing an unprecedented release of oil from US reserves and taking steps to punish oil companies for not increasing production from unused leases on federal land, the White House says.
CNN
US crude reserved can only last them 5-9yrs if they don't import crude base on their consumption, so who thinks US can cover the 11million barrel Russia pushes to the market dey deceive themselves.

https://www.worldometers.info/oil/us-oil/

6 Likes 1 Share

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Juventus4life: 9:55pm On Mar 31, 2022
Miracle112:
Oil production has increased domestically since 2020, the problem is OPEC and Russia have decreased their production while demand has risen.
Thank president Trump for the reserves. He bought up oil when it was cheap.

By the way.. I have a standard unisex saloon for sale located at very busy junction in Portharcourt.
Very standard with up to date facilities.
3.3m price

Who told you that it was during George W. Bush that America increased their
reserve tremendously thanks to the oil they stole from Iraq.

1 Like 1 Share

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by MPESA(m): 9:56pm On Mar 31, 2022
Videour:
just look at you

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Minjim: 9:56pm On Mar 31, 2022
victorv12:


EU countries doesn't have oil reserve like the US. They're always at the mercy of Russia. In fact, the moment America release their oil reserve, the price of oil will increase.

It all depends

The US has been visiting Venezuela, a country with the largest crude reserve, of lately. And they're reopening talks with Iran.
If those peoples oil enter the market. Most people will forget Russia in no time

9 Likes

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by NGArmyTerrorist: 9:57pm On Mar 31, 2022
Oil stolen all over the world! I pity Europe that doesn't have reserves!

1 Like

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Feggie3: 9:57pm On Mar 31, 2022
Elvictor:
Illiterate Biden again grin grin

After two weeks, Americans will return to this situation, I hope he won't empty all the reserves in US.

Senile old man
If we check well. . you are a BMC zombie!

8 Likes 2 Shares

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by djon78(m): 9:57pm On Mar 31, 2022
Elvictor:
Illiterate Biden again grin grin

After two weeks, Americans will return to this situation, I hope he won't empty all the reserves in US.

Senile old man


All this one na gra gra.

America is fighting tooth and nail but how much of oil can she pump into the market?

Her traditional allies the Arabs have refused to do her bidding

The major determinants of oil prices is OPEC cartels and Russia.

If US pump from there reserve, which is very minute compared to oil producing countries and OPEC cartels with Russia cut there supplies, the prices will still not go down.


For America to be serious about this oil issue is an indication it's really affecting them

This Russian Ukraine debacle has really opened up so much problems across the world.

A serious recession worse than 2008 financial crisis and Asia's 1997 financial crisis is around the corner. If not properly handled will bring about a lot of things.


But Nigeria I am so sorry for her. Our leaders never planned and if this crisis ever occurs, sorry will be our last word.

3 Likes 2 Shares

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Minjim: 9:58pm On Mar 31, 2022
CheedyJ:

You guys criticize everything , haba...and if dem check am well, na only class monitor u don chop b4 oo

These are prophets of doom now
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Ilovepeace: 9:58pm On Mar 31, 2022
grin
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by bakar007: 9:59pm On Mar 31, 2022
Minjim:



Wake up!

OPEC will increase output too
OPEC wont open your eyes and stop watching CNN,OPEC is not a political body ,keep your politics away


https://www.youtube.com/watch?v=GEza-Qe1Vb8


https://www.youtube.com/watch?v=5R01R8hvGIg

2 Likes 1 Share

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by MPESA(m): 9:59pm On Mar 31, 2022
Minjim:


It all depends

The US has been visiting Venezuela, a country with the largest crude reserve, of lately. And they're reopening talks with Iran.
If those peoples oil enter the market. Most people will forget Russia in no time


100% and definitely they will like to trade now .
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by AtlanticB(m): 9:59pm On Mar 31, 2022
Equity15:
I don't understand, does the US produce oil? How come they have oil in cornucopia?
USA is the largest oil producer in the world

6 Likes

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by harmargedon: 9:59pm On Mar 31, 2022
Mattswaggz:


Sleepy Joe for a reason grin grin grin
grin grin grin grin grin
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by ThierryJay: 10:01pm On Mar 31, 2022
Smart move from Biden. In fact it has already pushed down global oil prices. Brent crude is now below 110usd/barrel

2 Likes

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Multiplier7(m): 10:01pm On Mar 31, 2022
Oil subsidy in this country is a big time scam of both 21st and 22nd century

5 Likes 1 Share

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by janetakan(f): 10:02pm On Mar 31, 2022
Elvictor:
Illiterate Biden again grin grin

After two weeks, Americans will return to this situation, I hope he won't empty all the reserves in US.

Senile old man

Don't you feel like a mental case abusing the US president while Buhari is your president?

Seek mental help asap. You cannot be sane!

13 Likes 5 Shares

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Uptownerd: 10:02pm On Mar 31, 2022
Ukraine: What will happen if EU and NATO Countries refuse to pay for Russia's Gas in Rubles?

The announcement by Vladimir Putin on the immediate transition to payment of Russian gas in the countries Rubles has sent a shocking wave around Europe.

Earlier, some "unfriendly countries" according to Russia has stated that they will not pay in Rubles, citing breach of contract and other sentiments. But, the question remains, what happens next now? Will EU cave in to Russia's Ruble demands or will Putin soften their stance on oil and gas payment in the country's own currency?


Ukraine: What will happen if EU and NATO Countries refuse to pay for Russia's Gas in Rubles?

1 Like 1 Share

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Feggie3: 10:02pm On Mar 31, 2022
Miracle112:
Oil production has increased domestically since 2020, the problem is OPEC and Russia have decreased their production while demand has risen.
Thank president Trump for the reserves. He bought up oil when it was cheap.

By the way.. I have a standard unisex saloon for sale located at very busy junction in Portharcourt.
Very standard with up to date facilities.
3.3m price
You don't know what you are saying. Which Trump bought oil? You don't even understand the Genesis. The reserve they are talking about is oil mining from their natural rigs. Or you don't know they have very large natural gas that they don't want to drill because of global warming, so Biden prefer to buy oil whereas Trump drilled and sold oil that was why it was as if their economy boomed then.

3 Likes

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by babyboy4every1: 10:03pm On Mar 31, 2022
saajus:
These people always think of tomorrow. Do you know the American present oil reserve can last them for 98 years.
10000 years ni.
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by CheedyJ(m): 10:03pm On Mar 31, 2022
Minjim:


These are prophets of doom now
I just tire for some people..even if he wants to criticize, at least he could do so by putting forward his own arguments to counter Biden's move..
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Upworkwriter007(f): 10:03pm On Mar 31, 2022
VictorUSA:
The world will witness the fall of putin.Putin thinks that the west will relent because he's an oil giant.
Nah wa oo...Because of 1 million/day?

2 Likes 1 Share

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Eriokanmi: 10:03pm On Mar 31, 2022
IbomFinest:

How?
You think EU countries don't also have oil reserve? Even Nigeria have oil reserve.
Tell him. Its Putin who will cry here

3 Likes

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Uptownerd: 10:04pm On Mar 31, 2022

Ukraine: 6 Reasons why Vladimir Putin's Russia is not Afraid of US and NATO Sanctions

“Why is Russia not afraid of Western sanctions?”

When all your aggressor does is levy more sanctions on you, they help you discover more ways of circumventing it if you look hard enough.

http://uptownerd.com/2022/02/26/ukraine-6-reasons-why-vladimir-putins-russia-is-not-afraid-of-us-and-nato-sanctions/

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Upworkwriter007(f): 10:04pm On Mar 31, 2022
Multiplier7:
According to the article, the MIGHTY USA consumes 20 million barrel per day but here this corruption government told us that Nigerians consume 40 million barrel per day.

Oil subsidy in this country is a big time scam of both 21st and 22nd century
LOl...it's litres we consume.

1 Like 1 Share

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Feggie3: 10:04pm On Mar 31, 2022
AtlanticB:
USA is the largest oil producer in the world
Tell them ooo!!!

3 Likes

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by MPESA(m): 10:05pm On Mar 31, 2022
greatness77:
russia will emerge victorious, lets see how usa will supply gas to eu countries 6months their gas go finish

They have also open talk with Venuzela and Iran which I believe they will succeed btw 6 months is enough for Eu to look for alternative and both Saudi Arabia and Qatar to increase their production.

2 Likes

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by SenecaTheYonger: 10:05pm On Mar 31, 2022
The US has 43 billion barrel of oil reserve. They’ve been buying up reserves for years pending when there will be no oil to mine or oil drought.

White people really plan for the future.

9 Likes

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Nobody: 10:07pm On Mar 31, 2022
IbomFinest:

How?
You think EU countries don't also have oil reserve? Even Nigeria have oil reserve.

No country has enough oil reserves to last more than a month tops. This is just kicking the can down the road towards the inevitable.

1 Like 1 Share

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Noviagro(m): 10:08pm On Mar 31, 2022
dedonfranco:
Nigerians removed Goodluck Jonathan elected Buhari

USA removed Donald Trump elected Joe Biden

Nobody is perfect

Are you comparing biden to Donald trump the erratic man?

Donald trump claims to be religious but he behaves the opposite.very toxic human being.

2 Likes

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Feggie3: 10:10pm On Mar 31, 2022
harmargedon:
Clueless president. Something they have been saving for rainy days, you come bring am out for harmattan.
You are the most clueless person!!! Go and Check the historical difference between Trump and Biden's oil policies. Don't just open your mouth like a nincompoop!! Did you even watch the 3 episodes of their Presidential debate last election? You are here insulting POTUS. You think say this one Na Buhari.

6 Likes 1 Share

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Feggie3: 10:13pm On Mar 31, 2022
Noviagro:


Are you comparing biden to Donald trump the erratic man?

Donald trump claims to be religious but he behaves the opposite.very toxic human being.
Most Nigerians reason below natural human level. Their intelligence is limited that was why they were called monkeys. Please don't bother yourself brother.

3 Likes

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Bigfish121(m): 10:14pm On Mar 31, 2022
I just dey pity europe.By tomorrow if them nor pay in rubbles no gas for them.

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