• Preston Maness ☭
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    3 years ago

    “Biden releasing one million barrels of oil per day to cool prices to placate voters ahead of the midterms.”

  • Ora@lemmy.ml
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    3 years ago

    I don’t really care why he’s doing it. This fulfills two goals for me.

    1. I stop hearing about gas prices from random dipshits who believe the 2020 gas prices had nothing to do with everyone staying home and just a virtue of who was in office.
    2. The less oil in reserves, the more pressure to do away with oil dependence which is what I want anyways
  • guojing@lemmy.ml
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    3 years ago

    Global daily oil consumption is about 100 million barrels per day. So these 180 milion barrels will be less than two days worth of supply. Besides, the main problem today is not lack of oil, but lack of diesel. I really doubt that the release will have a big effect on prices beyond the next few days.

  • VictimOfReligion
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    3 years ago

    Not only the voting thing, but mostly that the US has already realized that without Russian collaboration they are energetically doomed thanks to the capitalist economy… Of course still in denial.

  • ziproot@lemmy.ml
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    3 years ago

    Alternate solution: stop relying on oil

    Rapid climate change is continuing to get worse

  • ezmack@lemmy.ml
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    3 years ago

    If it gets to like $7/gallon I might have to take the bus that gets me to work late. Not really worth it till then