President Biden Delivers Remarks on Lowering Gas Prices. President Biden Delivers Remarks on his Administration’s Actions to Reduce the Impact of Putin’s Price Hike on Energy Prices and Lower Gas Prices at the Pump for American Families.
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Hey: what's going on team, it's ricky with tackle solutions. Please make sure that you set your alarm for 1 30 eastern standard time or, if you're with me in the west coast. Uh that's going to be in about two and a half hours. President biden is set to speak about lowering gas prices and, again, that is at 1, 30 p.m.
Eastern standard time today. The reason that this is so important is that, as oil has been obviously a really big influence, negative influence for the overall market, whatever it is that he says, based off of set expectations can either drive the price down of the market regardless. If it's just oil related and or drive the price up, this is something that you definitely need to take into consideration if you're currently invested in any positions that get influenced based off of demand levels and supply levels of oil. With that being said, we've we've even seen tech stocks drop as it acts as a negative market sentiment with oil prices being so high.
So what is to be set right? Well, obviously, gas prices are super expensive. We have no solution for the very high demand and the very low supply. It is to be said that the biden administration uh, wants to tap in to oil reserves in the united states. Just a little heads up tapping into the oil reserves are normally only done during national emergencies such as wartime again, you guys can share down in the comments section if you think that this is the smartest thing to do right now, again, it's just your opinion right, But i want to hear you guys out and what your guys's opinion is.
He is set to release one million barrels of oil every single day for, if i'm not mistaken, up to six months, it's about 180 million barrels of oil. Just so, you guys know the average consumption per day of oil in the united states is 20 bil, 20 million barrels. So this is about 1 20th of what is consumed on a daily aspect. The part that i find so interesting is those are the set expectations of what's to be said today at 1 30..
I just need you guys to be aware of this, because i want you to prepare now and not be afraid or scared of hey what's happening right. I need you guys to be aware of. What's going on now and effort to prepare, you shouldn't be scared. It's just simply time to prepare with that being said, there's been states that have taken, in my opinion, ridiculous approaches of you know: uh submitting bills and requests for something like california, i think it's gavin newson submitted a bill of like eight or nine billion dollars for California, residents to each receive almost like a stimulus check or a debit card of 400 that can be spent at the pump, and i get it.
Gas prices are pretty expensive. I just don't feel like printing more money is something that is needed. I i don't know it's like we continue to like go back to you know what caused this overall downfall, originally right, it's printing, more money which that therefore causes inflation right and just everything along the way. It's like all right! Well, let's just print more money. Well, let's just print more money, i don't know right. Obviously, i'm not a politician. Obviously i'm not a policy maker. I just don't feel, like that's uh, the most effective way, long term to create a solution right.
Why not try to work with? You know some of the largest oil producers right all over the world. Why not come with uh or actually set on an agreement with venezuela or iran on an oil deal, something that i i think can be sustainable where they can get us up to current demand levels in just two months and that doesn't raise inflation rates, which, therefore, We won't then need higher interest rate. It's just this. This continuous, like kind of like domino effect of the same thing over and over again, so you guys, can feel free to share your opinions down in the comments section, i wanted to provide you guys with a really quick update, because i will i do not want You at 1 30 p.m.
Eastern standard time scratching your head wondering what is going on. I'd be more than happy to live stream while he speaks and see how the market reacts only if this video gets over 1 000 likes. So if you guys want me to live stream, that uh speech from the biden administration, that again make sure you destroy that like button and if this video gets 1000 likes by the time that he speaks at 1, 30 p.m. I would be more than happy to go, live and then trade, the market with you guys.
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Honestly Biden does not know how to run this country he doesn’t have the balls to be the president. However, the left thinks he’s doing an amazing job which will continue to plague us because nobody wants to accept the truth
Also i’m not on either side I just try to stay aware of what’s happening
They're not printing money. You don't know what you're talking about.
IMO none of those countries like us so a good deal is out of the question which is why we haven't made one also we need to keep in mind most of these countries that don't like us see this as an opportunity to weaken us economically on a global scale shifting the position of power. It's war time tactics but that's just my opinion.
Tapping reserves… good idea
Gas cash BAD idea in light of the inflation levels we are already in. The outcome doesn’t matter to them, they are only interested in the votes to stay in control.
What do you think about states act more independently.
California is not Texas, and Wisconsin is not New Jersey.
SMH
Come on ya let's get the likes up..
NOPE Bad Idea.
Keep calm and rock on
California are in a surplus. That’s why it’s giving money out.
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they want this thing to collapse! wow… Previous stimulus didn't change our life! Why this 400$ would?! another reason to crash everything
Regardless investing is the smart thing to do
Any thoughts on AMCs move after the drop? SPY might go up causing Amc to go up?
Venezuela, that Dictator can't produce not even one million of barrels ,Venezuela is a drug Regime
100% agree, more money is not the answer! Putting a band-aid on the problem instead of coming up with a long term solution.
Russia only supplies around 8% of the US oil. I honestly don’t believe it’ll make much of a difference. Most oil comes from Canada (~50%). I think Its a political move because sleepy Joe rating down
I think what Biden needs to do is reverse the regulations he placed on oil in the beginning of 2021 including efforts to proceed with the xl pipeline.
no point in streaming biden speech no ones going to watch it lmao i assume oil will come down for a bit, but if they talk about printing things arent goiing to be optimistic. but ill happily look at a recap video if you post one ricky!
It’s a purely political move. He can release oil from the national reserve for about 180-200 days, which will bring us up to the midterm elections. Right now the administration has created a hot mess (dumpster fire) by cutting oil permits domestically, and talking about lifting sanctions on iran to buy oil from them, and similarly Venezuela. Those countries have sanctions on them for a reason. We have the capability to produce oil domestically and that could put us at gas prices from two years ago. But ultimately it’s a political misdirection. No problems here! Look at oil prices! We have that under control, re-elect everyone and it’ll all be smooth sailing.
Please do a video of the most volatile oil stocks to day trade/scalp 🤑💹💥🚀🤑💲💲💵💵💰💰🤣😂🤣😂
Biden is a disaster and will ruin this country.
oil company coes, like many coes, are taking advantage of the current situation and price gouging, so shareholder like us, can get our tendies.
and it's esssential that every oil company ceo, gets another huge bonus to buy another vacation home or yacht.
those things are important and unavoidable, in a capitalistic society.
we could never expect them to temporarily lower their prices to ease the pressure so many face.
giving the poors even a slight reprieve would be wrong and unthinkable to those whose only purpose in life is to seek more profit!
C'mon AMC, drop to $10
Thank you very much Ricky!
My Opinion why Biden admin is doing this is simply because they are looking bad. How long will this oil last? 9 days?
I wonder what Russia is going to think if we start tapping into our oil. Especially after Biden’s comment over a regime change.
Hope it works -high prices are hurting folks .
They’re only dragging it out it until mid terms, to look better in the polls.
IMO it's just politicians trying to win votes no matter the cost to future generations.
We need a politician in office that thinks like yourself. Printing more money is not the answer only devalues the $$
not smart. strategic reserves already low and this will have minimal impact.
This administration is ruining everything it touches
When you say if it’s a good idea to tap into the oil reserve, I think it’s a gamble because there is a war going on currently and Russia was a strong source of oil before invading Ukraine. So technically the U.S isn’t at war but a source of our oil is if that makes sense.
Not a good idea. It will only make prices higher in the long run as then there will be a shortage in supplies.
Thnx again for all brother I'm on Texas Houston in case you wanna come this way
Hey what’s going on team is Ricky with Tackbud solutions
Hey Ricky I'm 2nd!!!!!what do we get for been loyal to the channel…