Failure...

 

Oil prices could climb higher despite the U.S. and other major consumers releasing millions of barrels of oil from their reserves to try to keep energy prices down, one analyst told CNBC.

"It's not going to work simply because the strategic petroleum reserve  any country's strategic petroleum reserve is not there to try to manipulate price," Stephen Schork, editor of the Schork Report, said Wednesday on CNBC's "Squawk Box Asia."

Strategic petroleum reserves exist only to offset short-term, unexpected supply disruptions, he explained.

"There's a considerable amount of bets out there that we will see $100 a barrel oil," Schork said, adding it could happen as early as the first quarter of next year, especially if there is a cold winter in the Northern Hemisphere.

Just a "Failed attempt" thought

Security ...

 

Centrist Sen. Joe Manchin (D-W.Va.) is calling on President Biden to restore the Keystone XL pipeline as gas prices across the country rise.

"I continue to call on President Biden to responsibly increase energy production here at home and to reverse course to allow the Keystone XL pipeline to be built which would have provided our country with up to 900,000 barrels of oil per day from Canada, one of our closest allies," Manchin said in a Tuesday statement.

"To be clear, this is about American energy independence and the fact that hard-working Americans should not depend on foreign actors, like OPEC+, for our energy security and instead focus on the real challenges facing our country's future," he added, referring to the group of major oil-producing countries.

Manchin's call for action came shortly after the Biden administration announced a plan on Tuesday to release 50 million barrels of oil from the nation's Strategic Petroleum Reserve in order to curb rising gas prices, the news outlet noted.

The rest of the Democratic senators haven't noticed the INFLATION that is eating little people's lunch.  Just a thought.

Scratch...

 

Mayor Bill de Blasio called on ex-Gov. Andrew Cuomo to compensate taxpayers for using government employees to work on his pandemic memoir, even though Hizzoner has refused to cover the costs of using his NYPD detail for his failed presidential run.

Unlike the mayor, who owes taxpayers hundreds of thousands of dollars in funds wasted on security costs during his embarrassing presidential campaign, staffers who volunteered on this project did so on their own time at no cost to the state,” said Cuomo spokesman Rich Azzopardi.

You scratch my back I'm sure I will do something for you.

NYS Democratic Parteeeeee at work.!!!  Just a thought.

Future...

 

Shell said Wednesday it had signed a deal to purchase power from a development dubbed "the world's largest offshore wind farm."

The 15-year power purchase agreement relates to 240 megawatts from Dogger Bank C, the third and final phase of the 3.6 gigawatt Dogger Bank Wind Farm, which will be located in waters off the coast of northeast England

Despite making deals related to renewable energy, Shell remains a major player in oil and gas. It has pledged to become a net-zero emissions energy firm by 2050.

Gradually moving forward.  Just a thought.

Creeping Up...

 

Face...

 

Just a thought.

Oxymoron...

 

Facing rising consumer discontent ahead of Americans hitting the road for the Thanksgiving holiday due to higher prices on gasoline and everything else.

"Today, the President is announcing that the Department of energy would make the release of oil in two ways: 32 million barrels will be an "exchange" over the next several months, and 18 million barrels that would be an acceleration into the next several months.

The actions of this Administration dealing with energy is a little problematic.  Earlier (few months ago) blocking the pipe line project with Canada, and stop the drilling in Federal Land, then later release some oil from the reserve and asking the OPIC to increase production, indicates great miscalculation and misguided decisions.  

The problem with higher prices of oil, is clearly leading US and the rest of the world to a nowhere but triple profits to OPIC members and triggered a worldwide inflation and economic disaster.

Just an " Oxymoron " thought.

Quitting...

 

Now that the New Covid Varient is creeping in, and the State is declaring emergency, we need all to be back to work.

We go from one extreme to another. Just a thought.

Look...

 

Unifier...