Biden to tap oil reserves in coordination with China, South Korea, Japan, India, and the UK

[Vaccinated Russian Bear]

Let's burn the Earth down!

AMERICA FIRST!

[Vaccinated Russian Bear]

https://twitter.com/AP/status/1463121122296320005

[Vaccinated Russian Bear]

It's a smart decision.

If it helps to keep oil prices considerably down, you mean. Otherwise, he accomplishes nothing, but getting progressives even less enthusiastic.

[Vaccinated Russian Bear]

I miss the cheap gas prices from the Orange Man presidency.

Trump should embrace Orange Man like Obama embraced Obamacare.

It's either Orange Man or Donald Trump. Orange Man Donald Trump sounds really lame and low-energy.

[Vaccinated Russian Bear]

It's a smart decision.

How is this a smart decision? Americans use about 20 million barrels a day. Tapping 50M of oil out of the reserves is barely going to do anything past a few weeks. All this is doing is making us less prepared for a black swan event or a similar emergency. All Joe Biden is doing this for is political gain and will do nothing to reduce long-term costs.

This is easily one of the worst moves the Biden administration has done.

It at least shows he is willing to do something. I would not have done this so early, but I get the temptation. I do think we should rescue restrictions on domestic producers temporarily, but that won’t solve the issue as much as you blue avatars seem to believe. A ton of this is on OPEC, and this is a deliberate political move by OPEC. I’m glad Biden had the balls to stand up to these f**kers, but he does need to boost domestic production as well in the short term.

Had he the balls, he'd screw with Saudis by cancelling some contracts or something.
Or... get along with Russia  

Efficacy:
https://www.wsj.com/articles/u-s-several-other-countries-to-tap-strategic-oil-reserve-11637669762
U.S. Joins With China, Other Nations in Tapping Oil Reserves
Bid to tame high gas prices may not yield lasting results, analysts say

WASHINGTON—The U.S. and five other countries including China will tap their national strategic petroleum reserves in an attempt to bring down gasoline prices that have become a sore spot with motorists and a big contributor to inflation, the White House said.

The release had been anticipated for weeks as the White House grappled with how to address rising prices for gasoline, groceries and other consumer products that have clouded prospects for President Biden’s agenda.

Wholesale crude prices on financial markets, however, rose instead of falling after Tuesday’s announcement. Mr. Biden predicted that the added supply will lead to lower prices, but analysts questioned whether government releases are big enough to cover surging demand and lead to price drops at the pump.

Even if crude prices do fall, relief for consumers may be short-lived as demand is expected to keep rising into next year as the global economy continues its recovery from the Covid-19 pandemic.

“For drivers wondering if gasoline prices will get lower … the reality is that this may not happen at all, or only with a significant lag time,” Bjørnar Tonhaugen, head of oil market research at consulting firm Rystad Energy, said in a research note.

That China works along is interesting, though. They do have the balls, actually.

[Vaccinated Russian Bear]

If you care about the environment and want cheap gas prices, you're an asshole.

 There is virtually no politcal appetite for taxing carbon emissions and fossil fuels to reflect the true cost of their environmental damage. Also wanting a President or his party to remain in power who actually wants to address climate change vs one who thinks Climate Change is a hoax invented by the Chinese, is a very important part of the politcal discussion within caring about the environment.

indeed, climate change is a political discussion, not an emergency.  I wish you'd tell yourself that next time you idiots want to ban straws.

Haha, yes.

WE ALL GONNA DIE IN 10 YEARS!!!
Also, we need to burn more cheap oil to keep winning elections, stupid! 

[Vaccinated Russian Bear]

https://twitter.com/next_china/status/1463224158326865927

[Vaccinated Russian Bear]

I'm not bashing specifically Biden for anything.  I'm flatty stating that wanting cheap gas and fewer greenhouse gases is moronic.  Expensive (or at least non-cheap) gasoline is an excellent way to create fewer greenhouse gases, and does it the world over.  It makes electric vehicles a viable alternative way faster than any CAFE standard could.  It makes people use less gasoline.  It makes people purchase more efficient vehicles.  These are good things.

It is worth noting that while what you say is true, demand for gasoline is very inelastic and high gas prices just means more people pissed off, especially in the short term

Wait, what? I've always thought that higher fuel prices is the most effective way to reduce... well... eh...  fossil fuel consumption.