Enbridge Inc T.ENB

50 Million Barrels

[Experienced]

That's the number that Biden is going to release from the Reserve.  Although in actual fact is really 32 million as 18 million were going to come out anyway.

The last time the US Government release 30 million barrels out of the Reserve it was just a blip and was more political than having any meaningful economic impact.

Since the price of oil has already gone down about 10% it will beinteresting how this will play out and how long it will last.  Interestingly at the same time Biden is attacking the oil companies for price gouging - How to win friends and influence people - lol

[FiddyFiddyOddz]

Oil has dropped 10 % and Enbridge shares have dropped 7 and a half or 8 percent.  Yet Dumb-Dumb's preach the price of oil doesn't have any affect whatsover on the Enbridge share price ?  Yeah, ok..... Experienced wrote:"That's the number that Biden is going to release from the Reserve.  Although in actual fact is really 32 million as 18 million were going to come

[FiddyFiddyOddz]

I also don't understand why Grandpa Joe is releasing oil reserves to make fuel more affordable.  Doesn't higher fuel prices disuade travel ?  Doesn't less travel mean less carbon emissions ?  I thought they just came from a climate summit, and were trying to save the planet. If they're trying to save the world, why the fcuk are they encouraging more travel by making

[NPCexe]

I thought you were gonna say higher oil means lower covid outbreaks because it dissuades travel, but both rhetorical questions work here

[bttmfischer]

You say that it's political. Of course it is. Everything he does IS POLITICAL, and  he and the Dems are worried about he mid-term elections, that could result in losing the majority in both houses. It did happen to Clinon, which was a bad thing for the Dems, but Clinton was SMART, and Bill could handle it. Joe, from Kokomoe however isn't that smart and he would have problems.

[YupnDump]

after next election we will see der Fuhuer Trump. lot of REDNECKS down south of which majority have not pass high school...duh. 1+1 does not equal 2 and Bidon did not win.

[FiddyFiddyOddz]

I'll assume your mis-spelling of BIDEN was intentional, and was done in order to further your point. TRUMP 2024 ! YupnDump wrote:"after next election we will see der Fuhuer Trump. lot of REDNECKS down south of which majority have not pass high school...duh. 1+1 does not equal 2 and Bidon did not win"

[bttmfischer]

Your posts look like you never got to near a high school yourself.

[Arbourmark]

This is not OPEC+ first rodeo, so Sleepy Joe releases 50M barrels but possibly OPEC+ cut back by 100M? what happens to price of oil then?