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Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. - Foreign Affairs (5) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. (32333 Views)

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Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by sematec(m): 11:53pm On Mar 31, 2022
US dey lie sha
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Benny6944: 11:56pm 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


Op for 6 months
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by IPIGSRDOTARDS: 11:58pm On Mar 31, 2022
[[s]quote author=Miracle112 post=111536026]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[/quote][/s]


Stop posting rubbish trash.
The US govt have been buying and saving oil in the reserve before TRAMP ever thought of running for us President.
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Iliya1520: 11:59pm On Mar 31, 2022
hahaha laslas biden will finished US, so now when the reserve that he want release has finished, what will happen with price? from then Russia will continue display her dance.
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by msrcusgarvey6(m): 12:00am On Apr 01, 2022
Ukrain and Poland quickly renewed the transit contract with Russia so as to guarantee the pipeline to the West is not shut and Ukraine gets herĀ¢$ billions. Nigerians will hear empty rhetorics and go fighting each other

Wannabenz:

Russia ruble has recovered that's Biden dey run upandan because USA citizen dey feel the heat.
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Benny6944: 12:03am On Apr 01, 2022
harmargedon:
Clueless president. Something they have been saving for rainy days, you come bring am out for harmattan.






OP YOU ONLY READ OIL RESERVE RELEASE BUT YOU NO READ WHEN USA MET WITH VENEZUELA AND SAUDI IN ORDER TO PARTNER WITH THEM EARLIER?


ESP VENEZUELA WITH MOST OIL RESERVE IN THE WORLD BUT STILL IN ABJECT PENURY BECAUSE OF SANCTION.. THEY can't EXPORT.. USA HAS PROMISED TO UPLIFT SOME BAN ON THEM AND THEY ARE HAPPY FOR THIS. CHECK MOST OIL COUNTRY THAT'S POOR, THEY ARE BECAUSE OF HEAVY SANCTIONS. SYRIA, IRAQ, IRAN,YEMEN, VENEZUELA, ETC.. RUSSIA GO JOIN DEM SOON.

3 Likes

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by msrcusgarvey6(m): 12:14am On Apr 01, 2022
And who are those? Pls pls read new Iran sanctions and read which countries first recognised DPR?

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
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by SIRTee15: 12:15am On Apr 01, 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 u have nothing sensible to say, just shut up.

3 Likes 1 Share

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by shogz89: 12:39am On Apr 01, 2022
Minjim:



Wake up!

OPEC will increase output too
Opec will not increase anything..
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by obedience4(m): 12:42am On Apr 01, 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

Read boy, the USA reserve are meant to last the country two years..and beside USA the highest producer'sof oil..

4 Likes 1 Share

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by obedience4(m): 12:46am On Apr 01, 2022
incandescentena:
cheesy Few days of Russia, ukraine invasion and US is already discharging it 120years stolen oil in reserve...hahahaha World power indeed

Russia is ahead of the propaganda campaigns of the West and NATO

You guys are not Smart ooo.
The USA is the highest producer's of oil

4 Likes

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by obedience4(m): 12:48am On Apr 01, 2022
Equity15:
I don't understand, does the US produce oil? How come they have oil in cornucopia?

Yes na. They are the highest exporter of oil

1 Like

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by obedience4(m): 12:51am On Apr 01, 2022
bakar007:

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/

Do USA only import 3% of it oil needs.. They are the highest producers of oil, your calculation is wrong..

2 Likes

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Nobody: 12:52am On Apr 01, 2022
Frankiss44:


LOL.. Who be this one na?

https://science.howstuffworks.com/environmental/energy/us-oil-reserves-last.htm


[/b]If the president must order an emergency sale of SPR oil, it can be pumped at a maximum rate of 4.4 million barrels per day for up to 90 days. Afterward, the drawdown rate declines to 3.8 million barrels per day for another 30 days. The rate drops again for up to 180 days until the stock is depleted.[b]

You can use the internet for much more than just self-service videos my man
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by justjify(m): 12:55am On Apr 01, 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
Senile but 100000000x better than that vegetable you call a president

1 Like 1 Share

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by shogz89: 1:07am On Apr 01, 2022
obedience4:


Do USA only import 3% of it oil needs.. They are the highest exporter of oil, your calculation is wrong..
How can US be the highest exporter of Oil.. Even you screenshot doesn't show its the highest exporter.. They can't even be in top 5 self.
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by obedience4(m): 1:16am On Apr 01, 2022
shogz89:
How can US be the highest exporter of Oil.. Even you screenshot doesn't show its the highest exporter.. They can't even be in top 5 self.

Help yourself..
You have a browsing phone.. Use Google..
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Equity15(m): 1:18am On Apr 01, 2022
obedience4:


Yes na. They are the highest exporter of oil
wow, i never knew this.

2 Likes

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by shogz89: 1:18am On Apr 01, 2022
obedience4:


Help yourself..
You have a browsing phone.. Use Google..
Uncle US is not the highest exporter of crude oil,, highest producer doesn't mean highest exporter..
How come they are still importing?

1 Like

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Equity15(m): 1:20am On Apr 01, 2022
obedience4 post111544972:

Yes na. They are the highest exporter of oil

Thanks, but why aren't they in OPEC then?
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Equity15(m): 1:20am On Apr 01, 2022
Frankiss44:


Yes
but they are not in OPEC. Please clarify
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by obedience4(m): 1:23am On Apr 01, 2022
Equity15:


Thanks, but why aren't they in OPEC then?

Even Russia the second exporter of oil behind Saudi Arabia are not in OPEC
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Equity15(m): 1:40am On Apr 01, 2022
obedience4:


Even Russia the second exporter of oil behind Saudi Arabia are not in OPEC
okay, but i think the U.S also buys oil from other countries.
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Nelson3110: 1:47am On Apr 01, 2022
Read Below

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by kelvindj98: 1:50am On Apr 01, 2022
Just look at the idiotic analysis on the front page. And people wonder why ancient thieves continue to remain in government. Are the youths even intelligent enough to displace them.

1 Like

Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by subcbouy: 2:14am On Apr 01, 2022
paafin:
The EU will cry grin grin
It will shock gringringrin
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by toxtimmy: 2:19am On Apr 01, 2022
Ask yourself which oil reserve they last a life time? or how long an oil reserve is supposed to last?

IbomFinest:

How?
You think EU countries don't also have oil reserve? Even Nigeria have oil reserve.
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Mazigoldnet(m): 2:22am On Apr 01, 2022
It was trump that filled up the reserve again, during the time the price of gas was extremely low.
But many are not going to remember this.

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
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Mazigoldnet(m): 2:28am On Apr 01, 2022
IPIGSRDOTARDS:
[[s]quote author=Miracle112 post=111536026]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[/s]


Stop posting rubbish trash.
The US govt have been buying and saving oil in the reserve before TRAMP ever thought of running for us President.


Trump refilled it, cos the reserve was almost less than half... So wat the guy u replied said is absolutely correct.
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by Afamed: 3:24am On Apr 01, 2022
GardenOfGod:
That's a good move.
Government that is concerned about the plight of its citizens.

Nigeria will rather increase tax and food prices to add more misery to the citizens.

You won't see Lia Muhammad coming out to also compare what the US is doing to cushion the effect of crude oil prices with Nigeria.

Useless people in government!
Don't be a local man. US tax and food prices are all at highest rate when compared to Nigeria. The US inflation is all time high
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by akilo1: 3:42am On Apr 01, 2022
Sadr:
This will barely have an impact on gas price because America consume more than 18milion barrel of oil a day. And when that doesn't make the desire impact, the price will skyrocket and the national average price may become $6 or more.
beer parlour analysis
Re: Biden Announces Historic Oil Reserve Release, To Reduce Gas Prices. by TheOgaBoss: 4:04am On Apr 01, 2022
obedience4:


You guys are not Smart ooo.
The USA is the highest producer's of oil
so y are they feeling the heat?

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