60 million barrels of oil to be released

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Pepe
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02 Mar 2022, 5:39 pm

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The International Energy Agency announced yesterday its member countries—the U.S., Japan, Canada, Australia, New Zealand, and most of Europe—agreed to release a combined 60 million barrels of oil from their emergency reserves to “send a unified and strong message” that there will be “no shortfall in supplies” due to Russia’s invasion of Ukraine. With the price of oil at an eight-year high, White House National Economic Council Deputy Director Bharat Ramamurti on Tuesday encouraged U.S. oil and gas companies to increase production: “Prices are quite high, the price signal is strong. If folks want to produce more, they can and they should.”


https://morning.thedispatch.com/p/the-m ... YSoyJY&s=r

So much for the climate change war. :mrgreen:


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r00tb33r
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02 Mar 2022, 9:40 pm

Gas prices around are already through the roof.


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kraftiekortie
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02 Mar 2022, 9:48 pm

Gas prices are getting close to 2008 levels.

They were $4.50 a gallon around NYC, and about $11 a gallon in the UK.



Pepe
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02 Mar 2022, 11:14 pm

kraftiekortie wrote:
Gas prices are getting close to 2008 levels.

They were $4.50 a gallon around NYC, and about $11 a gallon in the UK.


Around $1.80 to $2.10 a litre.
How much is that in gallons?
Too lazy to find a converter. 8)

As I said, a tank will last me 2 years months, so I don't care how high they go.
I have bigger considerations. 8)


_________________
Laughter is the best medicine. Age-appropriate behaviour is an arbitrary NT social construct.
Don't tell me white lies. Gaslight me at your peril. Don't give me your bad attitude. Hypnosis, psychosis. Tomarto, tomayto. There are *4* lights. Honey badger.
If I'm so bad, pass me by. ;)


And one more thing,



Also, as George Carlin said, "I have no stake in the outcome." I'll stick around for the comedy.

"A stranger is a friend gang-stalker you haven't met yet."
Truth may be inconvenient but it is never politically incorrect...The Oracle of Truth has spoken...8)
Read my lips:-I am not a fan of the orange man.-I would never vote for the Republican party given the chance.-I am interested in being objective and rational.


kraftiekortie
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02 Mar 2022, 11:23 pm

If it’s 2 Australia dollars per litre:

2 x 3.785 = Au$7.57

7.57 x 0.72 = US$5.45 per gallon, which is probably lower than the price in the UK.



Last edited by kraftiekortie on 02 Mar 2022, 11:29 pm, edited 1 time in total.

Pepe
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02 Mar 2022, 11:28 pm

kraftiekortie wrote:
If it’s 2 Australia dollars per litre:

2 x 3.74 = Au$7.48

7.48 x 0.72 = US$5.39 per gallon, which is probably lower than the price in the UK.


Thank you, sir. 8)


_________________
Laughter is the best medicine. Age-appropriate behaviour is an arbitrary NT social construct.
Don't tell me white lies. Gaslight me at your peril. Don't give me your bad attitude. Hypnosis, psychosis. Tomarto, tomayto. There are *4* lights. Honey badger.
If I'm so bad, pass me by. ;)


And one more thing,



Also, as George Carlin said, "I have no stake in the outcome." I'll stick around for the comedy.

"A stranger is a friend gang-stalker you haven't met yet."
Truth may be inconvenient but it is never politically incorrect...The Oracle of Truth has spoken...8)
Read my lips:-I am not a fan of the orange man.-I would never vote for the Republican party given the chance.-I am interested in being objective and rational.