Bad Bob Loc: Virginia

American Scene

Highest daily US oil production...Ever!!!!!

More oil produced than during the trump years, and the facts are the US under President Biden policies mean

the country is oil independent

BIRDMAN

So are you saying Brandon lied when he said he was going to stop all f****l f**l

America 1 Loc: South Miami

Crude Plunges on Dollar Strength and a Weak Global Energy Demand Outlook
Barchart - Tue Nov 7, 2:20 PM CST
December WTI crude oil (CLZ23) on Tuesday closed down -3.45 (-4.27%), and Dec RBOB gasoline (RBZ23) closed down -0.0682 (-3.05%).

Crude oil and gasoline prices Tuesday sold off sharply, with crude dropping to a 3-1/2 month low and gasoline sliding to a 4-week low. A stronger dollar on Tuesday was bearish for energy prices. Also, a weaker demand outlook sparked fund selling in crude after China's Oct exports fell more than expected, and after hawkish Fed comments curbed speculation the Fed was done raising interest rates.

Tuesday's weaker-than-expected global economic news was bearish for energy demand and crude prices. The U.S Sep trade deficit increased to -$61.5 billion from -$58.7 billion in Aug, wider than expectations of -$59.8 billion and a negative factor for GDP. Also, China Oct exports fell -6.4% y/y, weaker than expectations of -3.5% y/y. In addition, German Sep industrial production fell -1.4% m/m, a bigger decline than expectations of -0.1% m/m.

Today's average price of gas in the U.S. is $3.41 per gallon
During Trump $2.26 - $3.10.

WEBCO

Let's refill the strategic reserve then, looks like are are definitely going to be needing it.

America 1 Loc: South Miami

Then why is crude oil $75.45 a barrel and imports at 8 million barrels per day?
Why buy 628,000 barrels per day from Russia and Iraq?

U.S. Oil Imports by Country
According to data from the U.S. Energy and Information Administration, the United States imported between 8.1-8.8 million barrels of crude oil per day from July to December 2021. Just over a million barrels per day come from OPEC (Organization of the Petroleum Exporting Countries) nations, led by roughly 550,000 barrels a day from Saudi Arabia. The U.S. also imports nearly 7.5 million barrels of crude oil per day from non-OPEC nations.
Chief among these is Canada, which supplies the U.S. with approximately 4.7 million barrels per day, significantly more than any other nation.

Top 10 Countries from Which the U.S. Imports Oil (in barrels per day Dec. 2021):
Canada — 4,783,000
Mexico — 645,000
Saudi Arabia — 550,000
Russia — 405,000
Colombia — 228,000
Iraq — 223,000
Ecuador — 219,000
United Kingdom — 126,000
Nigeria — 110,000
South Korea — 102,000

President Joe Biden inherited an SPR at 638 million barrels.
However, first in response to rising gasoline prices, and then as a result of Russia’s invasion of Ukraine, President Biden announced the most aggressive SPR drawdown in history.
During his first two years in office, the SPR was drawn down by 266 million barrels.
So far in 2023, another 25 million barrels have been sold from the SPR.
It would take 140 supertankers to refill the level before Biden.

"Supertankers" are the largest oil tankers and the largest mobile man-made structures.
These ships can t***sport 2,000,000 barrels (320,000 m3) of oil/318,000 metric tons.

DAV

Obiden is not A president or OUR President.