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Economy

Warpy

(113,131 posts)

7. Reducing development wasn't what it was about

Reply to mahatmakanejeeves (Original post)

Fri Apr 1, 2022, 01:41 PM

Apr 2022

Releasing oil and gas from the strategic reserve is for consumer price relief and to stop price gouging by big oil.

He made the threat a month ago and the price of oil futures immediately dropped. Now he's actually done it.

Fat cats are going to have to get used to the fact that he doesn't bully, bluster, or lie.

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Highlight:

Biden's Oil-Relief Plan Seen Backfiring as Drillers Dig In Heels [View all] mahatmakanejeeves Apr 2022 OP

And it gets dark for half the day. tirebiter Apr 2022 #1

That's were large scale batteries and wind turbines come in. Miguelito Loveless Apr 2022 #5

Federal government needs to bypass the oil companies and start drilling themselves MichMan Apr 2022 #2

+1 . Then it comes down to which entity is collectively more corrupt. CentralMass Apr 2022 #3

Tax stock buy backs at %90. multigraincracker Apr 2022 #4

fUCK bLOOMBERG Xoan Apr 2022 #6

Reducing development wasn't what it was about Warpy Apr 2022 #7