Brandon gets his ass handed to him by the saudi prince...no more oil for a "much-diminished president"...that's an understatement!

[lustylad]

Originally Posted by royamcr

Saudi Arabia has committed to support global oil market balancing for sustained economic growth. The United States has welcomed the increase in production levels 50 percent above what was planned for July and August...

Hold my fucking beer!

The Saudis have been pumping out a little more than 10 million barrels daily. So you're telling us they're going to bump that up to 15 million bpd immediately?

No fucking way.

You need to sit down and have a little chat with an Aramco engineer, sonny.

[royamcr]

Oil flows freely from mid east reserves. If you read it correctly the agreement is to increase 50% over the planned increase. Saudi already has the capacity to do this as they are 3 million bpd short of pre pandemic production. Their record production is 12.4 They have been around 9 since trumps stupid "deal" with them to cut production.

[lustylad]

Originally Posted by ICU 812

Having worked in Saudi Arabia in years past, I know that they do not respect weakness. President Biden is viewed by them as a weak man and weak leader. They see him as both physically weak, and lacking in influence; here in the US, with our allies, and personally under the control of his wife and surrounding handlers...

Plus Joey is way too wimpy, frail and clumsy to dance with a sword...

[lustylad]

Originally Posted by royamcr

Oil flows freely from mid east reserves. If you read it correctly the agreement is to increase 50% over the planned increase.

Hahaha! Talk about a grossly and deliberately misleading announcement!

So you're saying if they were planning to increase output in July/August by 100,000 bpd, they will now increase it by 150,000 bpd instead. And that's supposed to be a Big Fucking Deal???

To put such a puny change into perspective, Joey's stupid decision last March to drain our Strategic Petroleum Reserve added 1 million bpd to global supplies and had virtually no impact on prices.

Originally Posted by royamcr

Saudi already has the capacity to do this as they are 3 million bpd short of pre pandemic production. Their record production is 12.4 They have been around 9 since trumps stupid "deal" with them to cut production.

Your numbers are way off. Saudi monthly production has only exceeded 11 million bpd for one fucking month - back in April 2020 when it was 11.6 million. Never hit 12.4 million. And they certainly don't have the capacity to add 3 million bpd overnight.

Moreover, what you call Trump's "stupid deal" likewise occurred back in April 2020, after futures prices for a barrel of crude briefly (and alarmingly) went negative. At the time, it would have been stupid NOT to ask the Saudis to pump less oil.

Here's the historical data for Saudi output by month, courtesy of the US Energy Department. Study it carefully!

https://www.eia.gov/opendata/v1/qb.p...STEO.COPR_SA.M

[dilbert firestorm]

Originally Posted by VitaMan

Dude...

Originally Posted by bb1961

Dud...

Originally Posted by VitaMan

Scud...

FUD...

[royamcr]

Originally Posted by lustylad

Hahaha! Talk about a grossly and deliberately misleading announcement!

So you're saying if they were planning to increase output in July/August by 100,000 bpd, they will now increase it by 150,000 bpd instead. And that's supposed to be a Big Fucking Deal???

To put such a puny change into perspective, Joey's stupid decision last March to drain our Strategic Petroleum Reserve added 1 million bpd to global supplies and had virtually no impact on prices.

Your numbers are way off. Saudi monthly production has only exceeded 11 million bpd for one fucking month - back in April 2020 when it was 11.6 million. Never hit 12.4 million. And they certainly don't have the capacity to add 3 million bpd overnight.

Moreover, what you call Trump's "stupid deal" likewise occurred back in April 2020, after futures prices for a barrel of crude briefly (and alarmingly) went negative. At the time, it would have been stupid NOT to ask the Saudis to pump less oil.

Here's the historical data for Saudi output by month, courtesy of the US Energy Department. Study it carefully!

https://www.eia.gov/opendata/v1/qb.p...STEO.COPR_SA.M

https://www.statista.com/statistics/...rrels-per-day/

They hit 12.4 back in 2016, that means they have the capability and infrastructure to do it.

Any increase is better than a decrease. Trump bullied them into reducing output in 2020 and now they are saying fuck you to increasing. They are raking in billions extra by not increasing output. It may have been a good idea to cut production for 3-6 months, not 2 years. Or maybe our government should stay out of oil price manipulation all together.

When refineries are at max production no amount of oil will increase gas supply. Oil added to the global oil market will slowly decrease raw material cost and eventually lower gas prices. It doesn't happen overnight.

We have over 700 million barrels of oil in reserves, We are far far from "draining it". We have over 90 days of "import protection". That means if we imported no oil, we have 90 days of reserves on top of what we produce.

Should I keep going and make you look more stupid?

[Yssup Rider]

And gas prices in the US continue to drop.

[bb1961]

Yeah they dropped to twice the price of when brandon took over...

[royamcr]

Biden just building off what Trump did. Trump fucked everything he touched. Are you really that stupid?

[lustylad]

Originally Posted by royamcr

https://www.statista.com/statistics/...rrels-per-day/

They hit 12.4 back in 2016, that means they have the capability and infrastructure to do it.

Your Statista link has a paywall. My link is to the US Dept. of Energy, a highly credible source. If you add up their monthly figures for 2016 and divide by 12, you get 10.4 and not 12.4. Here it is again, go ahead and check my calculation:

https://www.eia.gov/opendata/v1/qb.p...STEO.COPR_SA.M


Any increase is better than a decrease. Trump bullied them into reducing output in 2020 and now they are saying fuck you to increasing.

Wow. You even figured out an irrationally convoluted way to blame Trump for the fact that the Saudis said "fuck you" to Biden! Who knew it has nothing to do with Joey calling them a "pariah"? The Saudis hate Biden because that mean ol' trumpy "bullied" them lol. Do you have any idea how dumb you sound?


They are raking in billions extra by not increasing output. It may have been a good idea to cut production for 3-6 months, not 2 years.

Except they didn't cut production for 2 fucking years. Why don't you look up the data before you post this stuff? Here are their quarterly production numbers since Joey took office (same above DOE source, in bpd). As you can see, Saudi output has been on a steady uptrend:

Q1 2021: 8.5 million
Q2 2021: 8.5
Q3 2021: 9.6
Q4 2021: 9.9
Q1 2023: 10.1
Q2 2022: 10.3


Or maybe our government should stay out of oil price manipulation all together.

Well golly gee, I sure have to agree with that! Best way to get out of the price manipulation biz is for the government to stop blocking all those pipelines and permits needed to properly exploit our ample domestic energy resources. How hard is that?


We have over 700 million barrels of oil in reserves, We are far far from "draining it". We have over 90 days of "import protection". That means if we imported no oil, we have 90 days of reserves on top of what we produce.

To date Biden has announced 2 SPR releases totaling 180 million barrels to be completed by October. That's an overall reduction by roughly 1/4. Wanna bet he keeps on draining it by announcing yet another release timed just before the midterms?

Originally Posted by royamcr

Should I keep going and make myself look more stupid?

By all means, please do!

[royamcr]

Read the fucking trump deal. It was for 2 fucking years. It ended in April 2022 when they were supposed to go back to pre pandemic levels. That hasn't happened as they are still 3million bpd short.

[lustylad]

Originally Posted by royamcr

Biden just building off what Trump did. Trump fucked everything he touched.

[Texas Contrarian]

Originally Posted by royamcr

Read the fucking trump deal. It was for 2 fucking years. It ended in April 2022 when they were supposed to go back to pre pandemic levels. That hasn't happened as they are still 3million bpd short.

Huh??

Where in the world are you getting your information? The kingdom's recent BPD trendline is significantly higher than prepandemic. The Saudis have very little swing capacity.

The United States is the primary nation with heavyweight swing capacity, NOT Saudi Arabia. (Of course, our "leadership" has been hell-bent on undertaking every conceivable effort to suppress it!)

.

[matchingmole]

Dark Brandon will show them no mercy......

[Yssup Rider]

This message is hidden because bb1961 is on your ignore list.