BIDEN BLOWS UP OIL PRICES BY CANCELLING DRILLING IN U.S. NOW BEGS OPEC

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bacha29

Well-Known Member
vantexan said:
Vietnam isn't looking to build a huge military and take over the eastern Pacific and Southeast Asia. Vietnam isn't looking to supplant the U.S. as the world's top superpower.
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It is a mini China. One party rule The Communist Party Of Vietnam. No opposition . No dissent. And the families of the 58,000 US killed and the 153,000 wounded in the Vietnam War still bear the scars. The establishment of diplomatic relations with the Communist Vietnam government was something that was probably beneficial but as a serious future trade and manufacturing partner is something the lessons of China must not be repeated in Vietnam.
 
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bacha29

Well-Known Member
vantexan said:
They've developed a cult of personality around Xi who has eliminated pretty much everyone who was a possible threat to him. The result is the economy isn't moving along as was expected. Power is too centralized with no one willing to make decisions that will get them noticed.
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Tiananmen Square should have shown to the US what kind of a government in China it would have to deal with in the coming years. But fast bucks and lots of it to be made off millions of cheap workers was too much of a temptation.
 
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vantexan

Well-Known Member
bacha29 said:
Tiananmen Square should have shown to the US what kind of a government in China it would have to deal with in the coming years. But fast bucks and lots of it to be made off millions of cheap workers was too much of a temptation.
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On that we agree.
 
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vantexan

Well-Known Member
bacha29 said:
It is a mini China. One party rule The Communist Party Of Vietnam. No opposition . No dissent. And the families of the 58,000 US killed and the 153,000 wounded in the Vietnam War still bear the scars. The establishment of diplomatic relations with the Communist Vietnam government was something that was probably beneficial but as a serious future trade and manufacturing partner is something the lessons of China must not be repeated in Vietnam.
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And trade is one way to improve Vietnam and so far it has.
 
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newolddude

Well-Known Member
The United States is at the highest level of Crude Oil production ever.

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Wally

Wally

BrownCafe Innovator & King of Puns
DriveInDriveOut said:
U.S. SPR stockpiles are at the lowest they’ve been since the early 1980s.

The U.S. first built up the reserve 50 years ago in 1975 when a war in the Middle East prompted President Ford to shield the nation from energy threats from unfriendly nations.



What an idiot.
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Depleting insurance oil reserves because your own actions are driving up prices. What could go wrong?
 
oldngray

oldngray

nowhere special
Daniel Turner, executive director of Power The Future, said in a statement that the news of the deal between Venezuela and the U.S. comes less than three weeks after Biden’s Interior announced it would hold the fewest offshore oil and gas lease sales in the history of the United States.

“The pathetic pattern of Joe Biden’s energy policy continues: attack American energy production while begging foreign powers to produce more oil,” Turner said. “Joe Biden has never met a foreign barrel of oil he doesn’t like. By now, it should be abundantly clear that Joe Biden will always prefer Tehran over Texas and Caracas over Carlsbad.”
justthenews.com

U.S. oil and gas industry critical of Biden administration’s plan to ease Venezuela sanctions

Advocates for domestic oil and gas are asking why President Joe Biden will facilitate foreign production while his policies at home drive up costs for U.S. producers. Critics say "Joe Biden will always prefer Tehran over Texas and Caracas over Carlsbad."
justthenews.com justthenews.com
 
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PT Car Washer

Banned
Wally said:
Depleting insurance oil reserves because your own actions are driving up prices. What could go wrong?
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The US does not really need a huge petroleum reserve since we are a major oil exporter now. When the reserve was built the US was importing over half of the oil we used and was predicted to run out by the 21st century.
 
Up In Smoke

Up In Smoke

Well-Known Member
PT Car Washer said:
The US does not really need a huge petroleum reserve since we are a major oil exporter now. When the reserve was built the US was importing over half of the oil we used and was predicted to run out by the 21st century.
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Oil is a commodity, traded on the open market. Basic trading principles are to buy low and sell high. The profits from the SPR has been used numerous times through the decades to fund spending bills.
 
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