Deplorable Me
.700 Nitro Express
I always thought strategic reserves were for national defense purposes.
My hero, Biden to release oil from strategic reserves
- Thread starter Saltwater60
- Start date
Saltwater60
20×102mm Vulcan
His poll numbers are dropping g this is a national emergency…. For the demonrats.
Deplorable Me
.700 Nitro Express
Bustedknees
.308 Win
The price per barrel already jumped since Biden's announcement.
Another move that shows his stupidity.
Another knife into Democratic policy
Another story the media can't hide because everyone reads it at the pump.
Another move that shows his stupidity.
Another knife into Democratic policy
Another story the media can't hide because everyone reads it at the pump.
Saltwater60
20×102mm Vulcan
Why wouldn’t it. It’s a three day supply. If I told you that I could supply you with three days worth of goods for you business out of 365 days would you change anything? Would you drop your prices and stop searching for a cheaper supplier? Hell no.
DoOver
.450/400 Nitro Ex
spat
.700 Nitro Express
If anything, that was official recognition that a shit show is well underway.
FirstRifle
.40 S&W
I am concerned that the Biden administration's solution, step 3, will be to say "The producers of oil, gas, Thanksgiving Turkey's, toilet paper, and so forth, are putting profits ahead of the people so the Government will take over those companies to set fair prices and to save the people from these evil profiteers." Then the govt can reduce production even further.
Saltwater60
20×102mm Vulcan
Nah that can’t happen. Just like that’s not their plan with rental properties. How cannot not be with the you don’t need to pay rent for two years. Now NYS is thinking of making it permanent and the citizens are pushing for it? If I had a rental property I’d post it for sale right now with a sign saying Fuck You democrats you’re not getting it.
Shadow rider
6.5 Creedmoor
June 2008...price /barrel = $156.85 Gas at the pump (national average) =$4.06 (record high on both counts).
Nov. 2021...price/barrel = $78.50 Gas at the pump (national average) = $3.40
Anyone want to speculate on what the average gas will cost when oil hits the previous record?
Nov. 2021...price/barrel = $78.50 Gas at the pump (national average) = $3.40
Anyone want to speculate on what the average gas will cost when oil hits the previous record?
In other auto news:
Toyota has announced it will be back to full global production capacity in December. In fact, the company says it anticipates churning out 800,000 vehicles next month, up from the 760,000 it made in December of 2020.
Toyota has announced it will be back to full global production capacity in December. In fact, the company says it anticipates churning out 800,000 vehicles next month, up from the 760,000 it made in December of 2020.
GTN
.308 Win
Oil reserves released by Biden expected to primarily go to China, India
President Biden’s move to tap the U.S. Strategic Petroleum Reserve is expected to supply China and India oil needs as gas demands have led to global shortages, reports said Tuesday.
www.foxbusiness.com
Robin
.577 Tyrannosaur.
More dumbfuckery.
Robin
Robin
Saltwater60
20×102mm Vulcan
Pretty funny how the chip shortage just evaporated isn’t it? How did that happen?
It didn't. Toyota has competent management. The US companies, nope.
libertysnake
.338 Win Mag
All I care about is that we understand the source of the shortages, the shortcomings of the supply chain, and try to address them if possible.
If things will be getting better, great. That's what I want to see. And I want to see those who cannot come up with solutions pushed aside for those who can.
Acer-m14
20×102mm Vulcan
Oil reserves released by Biden expected to primarily go to China, India
President Biden’s move to tap the U.S. Strategic Petroleum Reserve is expected to supply China and India oil needs as gas demands have led to global shortages, reports said Tuesday.
seen that too .. WTF
I don't disagree, but this is corporate America we are talking about here so that's not happening.
Saltwater60
20×102mm Vulcan
Well GM is starting a lot more production than they have and Toyota was hit by the chip shortage too. Miraculously it just vanished.
GM will have all plants open by Nov. 1
For the first time in eight months, the global shortage of computer chips won’t force General Motors to close any North American factories.
www.spokesman.com
Was referring more to this:Well GM is starting a lot more production than they have and Toyota was hit by the chip shortage too. Miraculously it just vanished.
GM will have all plants open by Nov. 1
For the first time in eight months, the global shortage of computer chips won’t force General Motors to close any North American factories.
Why Toyota had a big pile of chips when semiconductor shortage dealt others a bad hand - Autoblog
Toyota's good fortune in the global semiconductor shortage and is stockpile of key components in cars goes back a decade to the Fukushima disaster.
www.autoblog.com
It never was anywhere near as big of a problem for them due to how they run their business.
But I get your point about GM. I think they made some new deal with a chip supplier or something recently. Had to look it up but yeah.
GM, Ford introduce new ways to deal with chip crunch
The chip supply issue affecting all automakers has been ongoing since the start of the year and its effects are expected to last into 2022.
www.detroitnews.com
Saltwater60
20×102mm Vulcan
Yes Toyota did have a big stockpile of chips, but there supply did run out as well and they had to shutdown or slowdown for a period of time as well.Was referring more to this:
Why Toyota had a big pile of chips when semiconductor shortage dealt others a bad hand - Autoblog
Toyota's good fortune in the global semiconductor shortage and is stockpile of key components in cars goes back a decade to the Fukushima disaster.
It never was anywhere near as big of a problem for them due to how they run their business.
But I get your point about GM. I think they made some new deal with a chip supplier or something recently. Had to look it up but yeah.
GM, Ford introduce new ways to deal with chip crunch
The chip supply issue affecting all automakers has been ongoing since the start of the year and its effects are expected to last into 2022.www.detroitnews.com
I just find it miraculous how when GM and Ford call the chip makers this crisis just disappeared after building billion dollar EV factories and taking in the same or more money on less produced. Now after this is complete the issues just vanishes? I’m not buying it. There’s more at play here.
now we get to the meat and potatoes of it, of course the government is handing out money for what I would say will be a temporary chip manufacturer in the USA for political grandstanding.
From the article.
Members of the Problem Solvers Caucus, a bipartisan group of moderate members of the U.S. House, on Thursday pushed their colleagues to pass $52 billion in proposed funding for domestic semiconductor chips manufacturing.
So, I find it rather interesting that the oil from the reserves were quickly and quietly shipped to China and India.
Tintalieau
.40 S&W
I have some expired Walmart generic batteries , don't waste good Duracells on him.
Saltwater60
20×102mm Vulcan
And how’s the price at the pump? I also find it great timing to do this as after thanksgiving the price historically declines because travel ceases. The price will naturally decline a bit and Biden will claim it’s his doing.