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

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 3 million bpd short. Originally Posted by royamcr

The "fucking trump deal" huh? More like an OPEC+ agreement partly brokered by Trump. Is this what you're referring to?

https://www.nytimes.com/2020/04/12/b...ronavirus.html

If so, it obviously wasn't anything the US was in a position to enforce. The oil market has completely flipped since April 2020. That agreement was supposed to govern production CUTBACKS, not subsequent INCREASES when global demand recovered!

I've furnished you with a link to the DOE database for Saudi monthly oil production. Please peruse the data. You will notice Saudi output averaged 9.8 million bpd in Q1 2020 (just before the pandemic hit the US). In the just-ended second quarter of this year, they pumped an average of 10.3 million daily barrels... so why are you whining about their not going back to "pre-pandemic levels", something they weren't even required to do under your ignorantly misnamed "Trump deal"?

The real results of the Saudi meeting, this is just the energy stuff. A lot more went on.

New Cooperation on Energy Security: 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. These steps and further steps that we anticipate over the coming weeks have and will help stabilize markets considerably.

New Bilateral Framework on Clean Energy Cooperation: President Biden welcomed the signing of a bilateral Partnership Framework for Advancing Clean Energy, with new Saudi investments to accelerate the energy transition and combat the effects of climate change. This Framework focuses particularly on solar, green hydrogen, nuclear, and other clean energy initiatives. By building upon existing collaboration between energy experts in our countries, we seek to enhance our efforts to tackle climate change and advance greater deployment of clean energy resources around the world. The Partnership will leverage public and private sector collaboration to advance the deployment of clean energy solutions while accelerating research, development, and demonstration of innovative technologies needed to decarbonize the global economy and achieve net-zero emissions.

Trumptards are a disgrace. Originally Posted by royamcr

Put down the kool aid, you have had more than your share

It does not matter if Saudi Arabia is already at max production. The price of gasoline at the pump is going down. A month ago the price for 93 octane was $5.20 a gallon at the local QTrip gas station in North Dallas. Yesterday at the same station the price was down to $4.45 per gallon. I am not sure about the lower octanes, my BMW 3 series coughs on the 87 octane.

Thanks Joe Biden.

So you're thanking brandon for gas that is TWICE the price from when he took office??
What else do Americans have to thank brandon for...an economic that is in a free fall??
FJBLGB!!

Fred Flintstone is more acceptable. Originally Posted by Jacuzzme

Is that what you’re calling him these days?

That went right over your head...

So you're thanking brandon for gas that is TWICE the price from when he took office?? Originally Posted by bb1961

93 octane was not selling for $2.23 a gallon when Trump left office. Which would be half the price for what it sold for yesterday in North Dallas, about $4.46 a gallon. You do not know what you are talking about.

93 octane was not selling for $2.23 a gallon when Trump left office. Which would be half the price for what it sold for yesterday in North Dallas, about $4.46 a gallon. You do not know what you are talking about. Originally Posted by adav8s28

You can be a brandon cheerleader all you want but these FACTS speak for themselves... THE PRICE OF EVERYTHING IS UP. LARGEST 12 MONTH INCREASE IN OVER 41YRS.!! Sorry to burst your libtard bubble brandon is making Carter blush!! Liberalism is a very destructive ideology and the Americans are going to let their dislike of this ideology be know in November.

For the second time in years, the U.S. gross domestic product (GDP) growth was negative. In the second quarter of 2022, the GDP fell to -1% based on available data for the current measured quarter according to the Atlanta Fed.

Anybody buying groceries, filling up their car, or dining out occasionally feels the impact of Bidenomics, and more specifically Bidenflation. And it’s worse than the reported 8.6 percent.

As for calculation, the Atlanta Fed uses the GDPNow model as an unofficial forecast to estimate the U.S.’s GDP growth. GDPNow is based on a similar methodology used by the U.S. Bureau of Economic Analysis. But no matter how you measure, the GDP is deflated, while inflation is understated.

“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.0 percent on June 30, down from 0.3 percent on June 27,” the Atlanta Fed reported. Those numbers are dismal; a true reflection of Biden’s presidency


The Consumer Price Index for All Urban Consumers (CPI-U) increased 9.1 percent over the last 12 months to an index level of 296.311 (1982-84=100), the largest 12-month increase since the period ending November 1981. For the month, the index increased 1.4 percent prior to seasonal adjustment. The all items less food and energy index rose 5.9 percent over the last 12 months. The energy index rose 41.6 percent over the last year, the largest 12-month increase since the period ending April 1980. The food index increased 10.4 percent for the 12-months ending June, the largest 12-month increase since the period ending February 1981

It does not matter if Saudi Arabia is already at max production. The price of gasoline at the pump is going down.

Thanks Joe Biden. Originally Posted by adav8s28

Seriously? You wanna use that as a DNC talking point? Be my guest! You're going to be slaughtered in the midterms!

A month ago the price for 93 octane was $5.20 a gallon at the local QTrip gas station in North Dallas. Yesterday at the same station the price was down to $4.45 per gallon. Originally Posted by adav8s28

How the hell would you know?? You live in Sacramento!

CA has the highest gas prices in the nation!

Thanks Gavin Newsome.

Seriously? You wanna use that as a DNC talking point? Be my guest! You're going to be slaughtered in the midterms!



How the hell would you know?? You live in Sacramento!

CA has the highest gas prices in the nation!

Thanks Gavin Newsome and his fellow Demo-rat legislature. Originally Posted by lustylad

ftfy!

Saudi said they are increasing output to 13million barrels a day added to the global market. This can be good in the short term, but bad in the long term as US production wont be as profitable.

We are down 4 gas refineries since covid but gas production is still climbing.

Inflation is up world wide, so Biden did that too? Bullshit. Some of the inflation is from gas prices, costs more to move. Trumps China trade war is upping prices on consumer goods. Low interest rates pushed inflation higher. Money supply has increased substantially, this causes inflation. There is a push for higher non poverty wages, that causes inflation. Probably more reasons, none really attributed to Biden.

Trump bankrupted over 100 oil companies when he flooded the market with oil pre pandemic. 10s of thousands of jobs lost.

Saudi said they are increasing output to 13million barrels a day added to the global market. This can be good in the short term, but bad in the long term as US production wont be as profitable.

We are down 4 gas refineries since covid but gas production is still climbing.

Inflation is up world wide, so Biden did that too? Bullshit. Some of the inflation is from gas prices, costs more to move. Trumps China trade war is upping prices on consumer goods. Low interest rates pushed inflation higher. Money supply has increased substantially, this causes inflation. There is a push for higher non poverty wages, that causes inflation. Probably more reasons, none really attributed to Biden.

Trump bankrupted over 100 oil companies when he flooded the market with oil pre pandemic. 10s of thousands of jobs lost. Originally Posted by royamcr

SIGH!!!!!

Lusty. You want this one?

He bankrupt over 100 oil companies...more of your complete bullshit!!
How many jobs were lost when brandon shutdown the keystone pipeline???
Money supply has increased...why don't you not sugar coat it...gummet out of control spending...giving away "free" money. Liberalism is a VERY destructive force than the American people are suffering terribly from!!

Most were temporary jobs as the pipeline moved along. Keystone 1,2 and 3 are fully functional. Trump's supreme court shut it down, biden just finalized it.

Read and weep. https://www.ogv.energy/news-item/ove...nkrupt-in-2020

Saudi said they are increasing output to 13million barrels a day added to the global market. This can be good in the short term, but bad in the long term as US production wont be as profitable.

We are down 4 gas refineries since covid but gas production is still climbing.

Inflation is up world wide, so Biden did that too? Bullshit. Some of the inflation is from gas prices, costs more to move. Trumps China trade war is upping prices on consumer goods. Low interest rates pushed inflation higher. Money supply has increased substantially, this causes inflation. There is a push for higher non poverty wages, that causes inflation. Probably more reasons, none really attributed to Biden.

Trump bankrupted over 100 oil companies when he flooded the market with oil pre pandemic. 10s of thousands of jobs lost. Originally Posted by royamcr

And yet the country is blaming Biden with 87% of the country saying we are moving in the wrong direction.


I can never seem to get an answer from the left to this question. Maybe you will give it a try.



Why should we ask another country to produce more oil when we can produce more oil and put Americans to work.


Convince me there is a good reason to burn Saudi oil and not American oil and I'll vote Democrat.