Discussion in 'Free Speech Alley' started by LSUpride123, Oct 17, 2021.
Hypocrisy is a staple of the left.
@Rex will LOVE this. Police in California deem 'looting' a racist term in response to a series of smash and grab thefts over the last week or so. They now prefer the term 'organized robbery'. I didn't realize a looter had to be a POC. Isn't that in itself racist?
Once again, when everything is racist, then nothing is.
Not hypocrisy but they’re just better and are leading us to a higher plane. It may be a little painful but we’ll be better for it.
So glad they know what's good for us and are looking out for everyone.
@Rex Biden is single handedly reducing oil prices by releasing 50 million barrels from the Strategic Petroleum Reserve. Of course that’s oil prices in China and India. A real man of the people right?
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 Chinese and Indian oil needs as gas demands have led to global shortages, reports said Tuesday.
The White House said the Department of Energy will release 50 million barrels of oil held in U.S. reserves — 18 million of which have already been congressionally approved for sale.
TOP REPUBLICAN ON ENERGY COMMITTEE SAYS TOO LITTLE TOO LATE AFTER BIDEN TAPS OIL RESERVE
China and India have been actively purchasing U.S. sour crude oil produced in the Gulf of Mexico, first reported Bloomberg.
Sour crude oil contains high levels of sulfur, which reportedly makes it more expensive to process and traditionally turns buyers away.
But U.S.-produced sour crude oil appeals to foreign buyers because of its relatively affordable price tag, the publication said.
The White House’s Tuesday announcement means the U.S. will seek to accelerate sales abroad in an attempt to counter spiking prices at the gas pump.
BIDEN TO RELEASE 50M BARRELS OF OIL FROM STRATEGIC PETROLEUM RESERVE AMID GAS PRICE SPIKE
The additional 32 million barrels will be intended for U.S. consumers to alleviate increased demand.
Earlier this month OPEC+, led by nations like Saudi Arabia and Russia, refused to increase production to meet rising demands.
Gas shortages have led to rising inflation and gas prices at the pump not seen in seven years.
"The President has been working with countries across the world to address the lack of supply as the world exits the pandemic," the White House said in a statement.
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In a globally coordinated effort China, India, Japan, South Korea and the United Kingdom will also tap their reserves to try and bring down gas prices.
"The president stands ready to take additional action, if needed, and is prepared to use his full authorities working in coordination with the rest of the world to maintain adequate supply as we exit the pandemic," the administration added.
Caitlin McFall is a reporter for Fox News and Fox Business covering news and politics.
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Fox? Come on now. Your hackery has become theater of the absurd.
Look in a mirror.
It doesn’t matter what the source if the facts are there sport.
That's certainly true, but Fox is not long on truth, are they?
Here's the TRUTH: Oil is a global, fungible commodity. While I'm sure it's true that some of the oil released from our strategic reserves will end up in China, it also means that current American production we would have exported to them gets likewise reduced, staying in the USA, instead. It also means that Korean, Japanese, British, etc. reserves will also flood the world globally, reducing prices worldwide, finding their way into American markets, thus reducing prices to American consumers.
Is Caitlyn McFall even an economist? If she is I'm certain she's a dishonest one, because that's who Fox hires (see Tucker Carlson, Bill O'Reilly, Sean Hannity, et al)
Seriously, Biden deserves big congratulations for talking other countries, too, into tapping into strategic reserves. Already global prices are falling. I certainly noticed lower gasoline prices as I drove from Louisiana to North Carolina.