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Nairaland Forum / Nairaland / General / Business / US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices (14575 Views)
Moscow Warns Of $500-a-barrel Oil / Nigeria’s Oil Reserves Dropped By 543 Million Barrels - OPEC / Even At $10 A Barrel, Oil Traders Balk At Buying Nigeria’s Crude (2) (3) (4)
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Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Quiny32323: 9:46pm On Nov 23, 2021 |
Simple, oga use it in your local market dont disturb us abeg |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Quiny32323: 9:48pm On Nov 23, 2021 |
lepashandie: Na you want end am abi u dont understand the logic behind it. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by CyberHustle: 9:49pm On Nov 23, 2021 |
A counter-OPEC initiative. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Quiny32323: 9:51pm On Nov 23, 2021 |
viyon02: Or bully the world, this is pure bully,thank goodness russia is their to tame their ass. What did he do when the price was damn low. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 9:54pm On Nov 23, 2021 |
FarahAideed: When will you blockhead realise that the world is still suffering a global pandemic which started under your lord and saviour Trump hence the global economy is recovering When will you realise that presidents don't fix prices neither are they responsible for global inflation. Under Biden America has the lowest unemployment rate of 4.6% in years, many states are bouncing back even the stock market is healthy. His economic policies are bringing effective change to the US economy and in his first 10 months he recorded an employment of over 6 million which Trump never had in his first 10 months. Inflation isn't Biden's fault but a general world wide problem don't be silly and go and learn global economics.Because there is inflation doesn't mean the American economy isn't moving on going through a recovery process Biden has passed infrastructure which your lord Trump failed to do he has popular policies and the economy is roaring back. Use your head and stop saying rubbish 6 Likes |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by CyberHustle: 9:55pm On Nov 23, 2021 |
FarahAideed:if OPEC stays off for 30 days then many nations will suffer shortage in revenue and Nigeria is one. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by lokoloko84(m): 9:58pm On Nov 23, 2021 |
FarahAideed:.Do not mind that slowpoke,he even went further to stop the pipeline construction to transport crude oil from Canada to some refinery in U.S, citing global warming. The idiot you quoted is just a senseless being. That country was on path of energy independence under trump with Low energy prices and low inflation and now the reverse is the case. 2 Likes |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 9:58pm On Nov 23, 2021 |
CyberHustle: Farahaideed knows nothing,he just hates Biden because he has been fed with useless lies and because Biden beat his lord and saviour Trump so he can say any nonsense he wants. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by CyberHustle: 9:58pm On Nov 23, 2021 |
Quiny32323:the Intl prices is what they are after and artificially induced Intl shortage of supply can only be negated by Intl excess or surge in supply. 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 10:00pm On Nov 23, 2021 |
lokoloko84:You are the slowpoke, don't you know the pipeline was temporary please be quiet if you don't know zilch of what you are saying,how does stoping the pipeline affect gas prices You are the idiot who is senseless. Lol energy independence under Trump you are just a big clown even the stats under Biden speaks for itself,Trump was a failure and 81 million Americans kicked him out. Common get lost and stop saying rubbish you blockhead 4 Likes 1 Share |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Nobody: 10:04pm On Nov 23, 2021 |
Another option is for them to allow iran export their oil, this will crash the price |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by FarahAideed: 10:07pm On Nov 23, 2021 |
Evangelynn: Not surprised this is coming from someone that supports Buhari .. you can keep decieving yourself but all recent poll show Americans prefer Trump govt to this Joe Biden failed govt just like Nigerians all prefer Jonathan's govt to failed Buharis govt !! 2 Likes
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Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by lokoloko84(m): 10:07pm On Nov 23, 2021 |
Evangelynn:you are an Idiot and guilty conscience has damaged your filty brain. Biden is a puppet and an incompetent slowpoke who is about to destroy that country. You don't even know why,he stopped the pipeline construction and drilling of oil reserves in some parts of that country. Ask your silly brain why there was low energy prices throughout Trump's tenure.The same idiot who refused drilling of Oil in U.S citing global warming is now pressurising other countries to increase their production out put. Is that not hypocrisy? Continue to reveal in your 80 million votes, most of which are fraudulent in nature. Sophisticated riggers! |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by linearity: 10:10pm On Nov 23, 2021 |
FarahAideed: Another one spotted! They don’t think for themselves! So what did Trump did exactly to make gas prices cheaper? You think somehow prices of gases are not influenced by market forces of demand and supply? In 2019 & 2020 almost everyone in the USA stayed in-doors and the Airlines were virtually grounded and you think that drastic nose dive in demand will not push gas prices down? Things have since picked up in addition with high inflation and you expect the prices of other staples to rise but not the price of gas? 3 Likes 2 Shares |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 10:10pm On Nov 23, 2021 |
FarahAideed:Lol,Newsweek Please counter my points with logical actual facts not imaginary dumb polls that I can also post the contrary. Trump has low poll numbers but 72 million idiots still voted for him so polls are nothing and they fluctuate and can never be reliable facts. Get lost if you cannot disprove what I stated 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 10:11pm On Nov 23, 2021 |
linearity: Lokoloko84,read this I know you are a blockhead so you may not understand what he just stated. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 10:12pm On Nov 23, 2021 |
lokoloko84:You believe the election was rigged,you are truly a blockhead of unsound mind not worth dialoguing with. You are fit for a circus and not supposed to be in a conversation of intellectual humans 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by FarahAideed: 10:13pm On Nov 23, 2021 |
Evangelynn: Trump had the highest popular vote in US history...we all know Biden Popular vote was fabricated 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by lokoloko84(m): 10:14pm On Nov 23, 2021 |
Evangelynn:I skip stupid people. Go back to Trump's energy policy before yarning dust. You can only decieve stupid Nigerians who only listen and watch one medium source and derive their judgement from there,due to there poor thinking faculty.GTFH! 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 10:15pm On Nov 23, 2021 |
FarahAideed: Biden won by 82 million valid votes counted over and over again and he holds the highest number of votes for a US president. No amount of tears will change that 4 Likes |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 10:15pm On Nov 23, 2021 |
lokoloko84: Abeg shut up energy policy slap you there. Ogogogoro illiterate spitting fabricated jargons. 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by FarahAideed: 10:17pm On Nov 23, 2021 |
Evangelynn: Fake Manufactured Votes ...Everyone Knows That !!!!!!!!!!! 1 Like |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 10:21pm On Nov 23, 2021 |
FarahAideed:Nobody knows that,it only exist in your deluded head alongside your fellow MAGAts even Trump doesn't believe that |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by lokoloko84(m): 10:21pm On Nov 23, 2021 |
Evangelynn:Yea! The election was free and fair. One candidate was leading but suddenly,millions of ballot papers through mail in box were miraculously found over night. Dumb nincompoop! The most shameless election in the so called advanced democracy.Even Africa leaders can rig elections better. Senseless immoral hack. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by kolnel: 10:22pm On Nov 23, 2021 |
I just despise this government. biden is not different from Buhari.,im sure he's going to ruin the economy before the next general election. why did he stop the the oil production? very clueless. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Quiny32323: 10:23pm On Nov 23, 2021 |
CyberHustle: But it's not the case here, this is just a simple economic logic playing out with the world waking up from the corona brouhaha, if not for greed why would they be so concerned to the point of releasing their reserves, at the peak of the corona pandemic, the oil price slumped and the same people filled up their reserves with cheap oil to the extent their was no space to store up oil and all oil producing countries where at lost. This is the time to recoup those losses simple. Thank goodness russia is an opec member. It's logical that opec have to cut down on production and this has been on since the pandemic struck. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by lokoloko84(m): 10:24pm On Nov 23, 2021 |
Evangelynn:I will rather drink Ogogoro and think well than be a useless , immoral and dishonest doofus like you. Dullard! |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 10:27pm On Nov 23, 2021 |
lokoloko84:You would have saved yourself of this embarrassment if you had actually followed the election process and read that the states legislatures controlled by republicans in Wisconsin, Michigan and Pennsylvania asked for the ballots to be counted after election day. Mail ballots have been in America since the 20th century you blockhead and 9 states in America exclusively vote by mail,you cannot rig mail votes and fraud is very very minimal most of the fraud caught were done by Trump supporters who attempted to vote twice.Go back and read the news republicans in those states passed laws to have the ballots counted after the election had been concluded it had nothing to do with Biden and the democrats stop embarrassing yourself.It is obvious you don't know anything about American elections because results are announced through the night and extend to days as well the pandemic caused a large use of vote by mail. The election wasn't rigged it was only rigged in your blocked deluded head, the election was adjudged free and fair by election officials and judges the rigging only took place in your head. The election was one of the fairest elections in American history. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by Evangelynn(f): 10:28pm On Nov 23, 2021 |
lokoloko84: Lol ogogogoro illiterate spitting his usual trash |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by MiaBeer(m): 10:29pm On Nov 23, 2021 |
I am surprised this is not even news here. Na Waooh! |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by meobizy(f): 10:33pm On Nov 23, 2021 |
Good. It means work will soon start for me. With all that gone, the US will need sales from producers thus giving me back my job. |
Re: US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices by CSTRR: 10:34pm On Nov 23, 2021 |
omenkaLives:The lagos-morocco gas Pipeline should have been the one to address those needs. From morrocco, we can send out gas thorough underground pipes too to Portugal or Spain. But first we need to connect to morrocco and the deal has been signed long ago. It is crazy that Nigeria is not working hard to get it done. 4 Likes 1 Share |
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