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Biden working with oil producers to stop shortage

RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 107,537 Founders Club
https://newsmax.com/newsfront/cmd-cos-elect-europe/2021/05/16/id/1021557/


Iran is preparing to ramp up global oil sales as talks to lift U.S. sanctions show signs of progress. But even if a deal is struck, the flow of additional crude into the market may be gradual.

State-controlled National Iranian Oil Co. has been priming oil fields -- and customer relationships -- so it can increase exports if an accord is clinched, officials said. Under the most optimistic estimates, the country could return to pre-sanctions production of almost 4 million barrels a day in as little as three months. It could also tap a flotilla’s worth of oil that’s hoarded away in storage.



Gotta pay for those Pali missiles

Just don't call Biden an anti American piece of shit. Its probably John Kerry

Comments

  • Bob_CBob_C Member, Swaye's Wigwam Posts: 10,895 Swaye's Wigwam
    Kerry and Rice are calling the shots.
  • pawzpawz Member, Moderator, Swaye's Wigwam Posts: 21,237 Founders Club

    Seems like just a few months ago we were oil independent and didn’t need to play or fight with the people in the Middle East over oil. I’m glad we are back to normal. I missed the good old days when we couldn’t wave a magic wand and make the economy better or drill our way to lower gas prices. America is back!

    In other words, T's & P's to Drill Baby Drill!
  • PurpleThrobberPurpleThrobber Member Posts: 44,775 Standard Supporter
    edited May 2021
    This thread is probably better on @creepycoug 's finance page - but as for me, US oil will be back. During the lockdown, storage facilities were filled to the brim which drove prices down, then all of a sudden there's a big surge in manufacturing and travel and people getting back to normal which sucked inventories down....

    It's going to equalize at some point - though if the deep state keeps doing things like fucking with the Continental pipeline, that's an entirely different story. You can't tell me that in good conscience that something that hasn't happened in decades all of a sudden is susceptible to hackers. Somebody on the inside was fucking with shit. If not, they need to broom the entire Homeland Security Department IT staff and put Sven in charge.

    The conspiracy theorist in me says that inventories were already starting to normalize and Cho's deep state buddies didn't like that relative to allowing the Middle East and Russia to gain a toe hold in the energy market.

    US oil will be back soon enough. The oil rich states like N. Dakota and Texas make too much fucking money and have too many residents employed in energy to take Cho Bai Den's mandates laying down.

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