All errors should be reported to DonSurber@gmail.com

Thursday, October 06, 2022

Biden turns gold into lead

Throughout my life, Democrats have hated the oil industry. They have never understood it. Maybe they hate oil because Rockefeller -- the original one, not Jay -- was a Republican. Maybe they hate oil because cheap gasoline let the middle class escape polluted and corrupt cities for suburbia. Maybe they hate oil because plastic made products safer and cheaper.

At any rate, Democrats do not understand oil which is why gasoline prices doubled since Donald Trump left office.

Democrats oppose drilling for oil in America because most oilmen are Republicans. They prefer foreign oil from countries run by socialists (Canada and Mexico) or flat-out dictators (Venezuela).

(Odd thing about Venezuelan oil. After Mexico nationalized William Buckley's oil holdings, he pioneered oil drilling in Venezuela.)

Bloomberg UK reported, "Biden May Buy Oil Just Below $80; Democrats Stymied Trump at $24.

"Trump proposed filling strategic reserve at rock-bottom prices.

"Democrats had crowed about blocking an oil industry bailout."

Trump wanted to fill up the Strategic Petroleum Reserve with $24-a-barrel oil. Democrats said no. Now under Biden they are depleting the reserve. He offered the Saudis $80 a barrel.

They refused.

Biden's trip to Saudi Arabia in August was to beg Prince Mohammad bin Salman to sell him oil for $80 a barrel, after calling him a murderer. Such a smooth talking man.

This followed Biden's imposition of economic sanctions on Russia, which plunged Europe into a recession and helped send oil prices higher. Unable to work with the West, Putin is working with Red China, Brazil, India, Saudi Arabia and Iran whose combined populations are roughly 10 times all of Europe's.

Oil is power. The Saudis have known this for 80 years. Russia, Saudi Arabia and the rest of OPEC+ agreed to cut production by 2 million barrels a day, a symbolic gesture as it is only 2% of the world's daily consumption of 99.4 million barrels.

The move, however, pantsed Biden on the world stage.

Michael Every of Rabobank wrote, "Yesterday was all about oil, geopolitics, and geostrategic errors; and, in the background, domestic politics, accepting past errors, and trying to make amends for them. Ironically, it all happened on Yom Kippur, the Jewish Day of Atonement, which back in 1973 jump-started a Middle East war, and then the energy crisis that led to the collapse of the post-WW2 Western political-economy model, and ushered in global neoliberalism.

"OPEC+ lined up with Russia to slash output by 2 million barrels a day from November and through 2023, pushing energy prices up, and seeing a slew of calls for oil to again top $100 in the near future. That was as US gasoline inventory data dropped 4.7 million barrels to the lowest level since November 2014 despite apparent demand destruction.

"The White House response was furious. The official statement said President Biden was 'disappointed by the short-sighted decision' to cut production. The White House Press Secretary accused OPEC+ of 'aligning with Russia.'"

[Russia is a member of OPEC+. That's like saying NATO aligns with Germany.]

Michael Every continued, "Off the record the response was probably blunter given such a cut had been flagged as a hostile act. Yet Saudi Arabia’s message to the White House also couldn’t have been blunter.

"The Saudis have moved from swing producers who help the US at times of trouble to ones who cut to keep prices high; under a leader building Western-style tourist resorts and holding raves(!) That’s testimony to a staggering U.S. geopolitical and geoeconomic error, compounded by its multi-layered domestic energy policy failures. The longer-term question is if it will prove to be the same kind of massive error for OPEC+ to have made itself a geostrategic problem for the U.S."

The Democrat reaction was angry and emotional as they comically waved their toy sabers.

Newsweek reported, "Democratic Reps. Tom Malinowski of New Jersey, Sean Casten of Illinois and Susan Wild of Pennsylvania have introduced legislation asking for the withdrawal of all U.S. troops from Saudi Arabia and the United Arab Emirates, after OPEC announced its decision to curb oil production on Wednesday."

We are going through all this turmoil because of Ukraine. We are supporting Ukraine because it gave Hunter Biden a no-show job that paid a million bucks a year. Ukraine also bribed John Kerry's stepson, Nancy Pelosi's son and many other politicians and their progeny. Republicans have kin on the take, too.

An oil war is preferable to a nuclear war but I really prefer no war at all. Ukraine wants to be part of NATO in order to tap billions in aid. Ukraine is a racketeer influence corrupt organization that has laundered money throughout its post-Soviet era.

What does this have to do with the price of oil? Everything because unfortunately Democrats have retarded the American oil industry and made us dependent on others for oil.

The price of gasoline reflects many things but it mainly reflects Democrat ignorance.

Gasoline averages $6.42 a gallon in California, and $3.15 in Mississippi.

***

2,000 people have subscribed to my Substack account. This is the backup for when -- if ever -- this blog dies. But I will also use the Substack account for occasional posts. 

I finished an exclusive post that will be sent to subscribers at noon on Saturday.

Sign up! It's free.

https://donsurber.substack.com

25 comments:

  1. Biden has the unique capability to make his dumb ass press secretary and other cabinet officials like Buttigieg and Granholm look as sharp as a barber's razor.

    HPB

    ReplyDelete
    Replies
    1. Its as if brandon set out intentionally to appoint the most NON QUALIFIED-NON CAPABLE people throughout his admin, especially the cabinet. These are the people advising him, other than the immediate staff like susan rice and other middle class america haters. Thus we endure....

      Delete
    2. He makes his press secretary and cabinet members look like Beavis and Butthead.

      Delete
    3. Like obama biden did not want anyone more intelligent than him so his lack of intelligence would not be so noticeable. biden has been an idiot all his life so the bar is significantly lower.
      And, now he has dementia on top of that.

      Delete
    4. Do you honestly think Bidden had anything to do with the appointments that were made? Do you honestly think he even knows who half of them are? He is a cardboard cutout at you local 7-11.

      Delete
    5. Change Your Life Right Now! Work From Comfort Of Your Home And Receive Your First Paycheck Within A Week. No Experience Needed, No Boss Over Your Shoulder... Say Goodbye To Your Old Job! Limited Number Of Spots Open... Find out how HERE....

      See........... 𝐖𝐰𝐰.𝐖𝐨𝐫𝐤𝐨𝐧𝐥𝐢𝐧𝐞𝟏.𝐜𝐨𝐦

      Delete
  2. We are witnessing the collapse of the Russian army in the Ukraine Putin's threat of nukes
    is serious but he may get the Czar Nicholas treatment shortly. So then what? The Dems have tried to find up war with Russia, and it goes away.
    We are living in interesting times.
    2DC

    ReplyDelete
  3. Don’t forget Biden’s deepdesire to cut a deal with Iran. The Saudis hate Iran and are fearful-rightly so- of Iran expanding its influence in the Middle East.

    ReplyDelete
    Replies
    1. Why are you wasting some time reckoning on your monthly earnings after you can work staying reception simply along q30 with your computer and itinerant you'll be able to earn up to $4000 at intervals three days
      be at liberty to find out more.. www.NetJob1.com

      Delete
  4. Many leftists hate oil because they are stupid. They have been told to hate oil so therefore they do. I'd call it brainwashing but that would require they have brains. They don't. A small percentage understand how important oil is for the economy. But they hate oil because nothing else in history has allowed the hoi polloi to throw off their subservience and give the elite the proverbial finger.

    ReplyDelete
  5. Brandon said nobody fu(ks with a Biden.

    I guess the Sauds never got the memo.

    ReplyDelete
    Replies
    1. Yep! There's probably many others that haven't gotten it either.

      Delete
    2. Corn Pop is the only one who got the memo. And he isn’t real.

      Delete
  6. I find it noteworthy that Lindsay Graham is once again wearing his Fascist hat. Elon Musk voiced an opinion proposing a peace deal between Russia and Ukraine and Graham told Musk to shut up or he could find some tax hikes in his future. Graham may be looking for a position in Biden administration with talk like that.

    ReplyDelete
    Replies
    1. Lindsay is one of the half of Republicans that need to be holding the blindfolds when 100% of the Democrats are lined up against a wall in front of a firing squad. Treason has its consequences.

      Delete
  7. Putin was correct when he said 2 wks ago that Russia hasn't even begun to fight yet. Stand by. Have to admit so far, he's been going pretty slowly and its not working.

    ReplyDelete
  8. My wife went to town today. Gas was up 13 cents from last weeks trip. After getting groceries, she came out and gas had gone up another 10 cents. Now $3.19 on our corner of Mississippi.

    ReplyDelete
  9. Biden did say that Hunter was the smartest person he knows. His cabinet proves he was telling the truth that time.

    ReplyDelete
  10. Don, your are the gift that keeps on giving: Gold to lead. Biden: The De-Alchemist

    ReplyDelete
  11. Those prescient English lads The Hollies wrote a song about Drool Bucket Joe in 1967: "King Midas In Reverse."
    ---FR in SC

    ReplyDelete
  12. Ann Coulter once said: 'Why not go to war for oil? We need oil. What do Hollywood celebrities imagine fuels their private jets? How do they think their cocaine is delivered to them?' Bullseye!

    ReplyDelete
  13. Suzq22- Touché edutcher! Great one.

    ReplyDelete
  14. G­­o­­­o­­­g­­l­­e­­­ i­­s­­ p­­a­­y­­i­­n­­g­­ more than 100 p­­e­­r h­­o­­u­­r! ­­W­­o­­r­­k ­­f­­­­o­­r ­­f­­­­e­­­­w­­ h­­­­o­­u­­r­­s ­­a­­n­­d h­­a­­v­­e l­­o­­n­­g­­e­­r w­­i­­t­­h­­ f­­­­r­­i­­e­­n­­d­­s & ­­f­­a­­m­­i­­l­­y­­! ­­O­­n ­­Tuesday I g­­o­­t ­­a­­ g­­r­­e­­a­­t ­­n­­e­­w­­ L­­a­­n­­d­­ R­­o­­v­­e­­r ­­R­­a­­n­­g­­e ­­R­­o­­v­­e­­r­­ f­­r­­o­­m h­­a­­v­­i­­n­­g e­­a­­r­­n­­e­­d­­ $­­24­,000 t­­h­­i­­s ­­l­­a­­s­­t­­ f­­o­­u­­r­­ w­­e­­­­e­­k­­s.­­.­­ I­­t­­ s­­o­­u­­n­­d­­s­­ u­­n­­b­­e­­l­­i­­e­­v­­a­­b­­l­­e­­ b­­u­­t ­­y­­o­­u w­­o­­n­­t f­­o­­r­­g­­i­­v­­e ­­y­­o­­u­­r­­s­­e­­l­­f i­­f ­­y­­o­­u
    d­­o­­n­­’­­t­­ c­­h­­e­­c­­k i­­t­­.. Www.Profit97.Com

    ReplyDelete