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Dec 26 2021 05:45am
Is it a smart strategy that the government has been using our war time oil reserves to lower prices at gas pumps? Or should they allow for pipe lines like the government has allowed Russia to do?
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Dec 26 2021 06:47am
Releasing stockpiles from the strategic reserve is a feel-good, do-nothing measure.
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Dec 26 2021 10:41am
It's nothing more than virtue signaling at this point.
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Dec 26 2021 11:24am
Quote (Sturmgeist @ Dec 26 2021 08:41am)
It's nothing more than virtue signaling at this point.


So it didn't lower the prices?
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Dec 26 2021 11:32am
Quote (theCrossbones @ Dec 26 2021 12:24pm)
So it didn't lower the prices?


A tiny amount. But they stopped our production . So we are screwed long term. What are they going to do deplete our emergency reserves so we can rely on foreign countries? Or we all stop driving?
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Dec 26 2021 11:35am
Quote (wolfgang5150 @ Dec 26 2021 11:32am)
A tiny amount. But they stopped our production . So we are screwed long term. What are they going to do deplete our emergency reserves so we can rely on foreign countries? Or we all stop driving?


Lets be clear. Keystone was a blatantly illegal pipeline that should never have been on the table. It was rerouted to a native communities water supply because the almost entirely white town it initially went by complained about the potential for spills.

Also, there are more permits than drilling sites on federal lands. The federal permit issue isn't meaningfully lowering output as far as I can tell.
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Dec 26 2021 11:36am
Quote (wolfgang5150 @ Dec 26 2021 09:32am)
A tiny amount. But they stopped our production . So we are screwed long term. What are they going to do deplete our emergency reserves so we can rely on foreign countries? Or we all stop driving?


who stopped it?
They stopped Keystone which wasn't supplying CAN oil to the US anyway..
So.. It will get back on track just will take some time IMO
https://www.forbes.com/sites/rrapier/2021/10/22/the-us-oil-supply-is-still-out-of-balance/?sh=252d653e7ec3

This post was edited by theCrossbones on Dec 26 2021 11:47am
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Dec 26 2021 11:55am
Quote (theCrossbones @ 26 Dec 2021 09:24)
So it didn't lower the prices?


Gas prices in my area have gone up. Almost $4/gallon now.
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Dec 26 2021 11:57am
Quote (Sturmgeist @ Dec 26 2021 12:55pm)
Gas prices in my area have gone up. Almost $4/gallon now.


Back in the 80s my parent's owned the weymouth,hanover, quincy mcdonalds and I got Bobby Ores autograph at one of them. Or is that BIT COIN SIGN LOL

This post was edited by wolfgang5150 on Dec 26 2021 11:58am
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Dec 26 2021 11:58am
Quote (wolfgang5150 @ 26 Dec 2021 09:57)
Back in the 80s my parent's owned the weymouth,hanover, quincy mcdonalds and I got Bobby Ores autograph at one of them.


Wicked pissah kehd
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