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Economy
Biden's short-term scheme to rein in spiking gas prices by opening Strategic Petroleum Reserve Is a thinly-veiled ploy, reeking of political desperation and bound to backfire
2021-11-24
[Daily Mail, where America gets its news]
Related:
Strategic Petroleum Reserve: 2021-11-19 Something very peculiar is happening with our Strategic Petroleum Reserve
Strategic Petroleum Reserve: 2021-11-13 USA Already Exporting Oil from SPR at Record Pace
Strategic Petroleum Reserve: 2019-09-16 Donald Trump authorizes Strategic Petroleum Reserve to release oil
Posted by:Skidmark

#6  (Quote) My brain is drained, I'm an empty suit (end of quote)

Could someone please add this line, to president talking head's speech on the next go around (question mark). Many Americans might sleep better at night, if they knew the truth.
Posted by: Menhadden Whomort8615   2021-11-24 18:30  

#5  To quote Joe Biden, (quote) "End of Quote" (end of quote).
Posted by: swksvolFF   2021-11-24 18:19  

#4  If you look at the chart it seems dramatics export increase in 2020 to CCP, fall in line with US Consumer GAS Price increases.

China Joe sold out his country? When does such behavior become treasonous?
Posted by: JohnQC   2021-11-24 14:17  

#3  Something to also wonder....

Why is the Biden Admin selling millions of barrels of oil to CCP.

If you look at the chart it seems dramatics export increase in 2020 to CCP, fall in line with US Consumer GAS Price increases.
Posted by: NN2N1   2021-11-24 12:59  

#2  Russia and OPEC+ already laughed and said, "Hokay, we can hold back for a while." Way to go, Brandon...
Posted by: M. Murcek   2021-11-24 11:54  

#1  
1st my apologies for getting the decimal in the wrong place for the 50M barrel release a few days ago. As Lord G. pointed it SHB 2.9## days, not 29.## days.

Regarding the latest Socialcrat nutroll.
Shutting down the Key Stone and etc. that were to bring in Northern Oil was likely one of the stupidest stunts they could have done.

The Negative Return on Votes (RoV) is likely well over 60+ to 1. The Junta result will only keep the usual small percentage "Tree Hugger" votes they will get in return usually anyway. But pissed off millions, including independent voters.

But as long as the Socialcrats have 20+ Special Interest Groups... TOO many with agendas contrary to the overall good of America., They will always be in a conundrum, COW-TOWING for votes, instead of doing whats best for America as a whole.

BTW: Now that 50 of the 714 million barrels in the Strategic Petroleum Reserve were drained off.

What cost was applied to it (ROI) and what will it cost to replenish it. Or did the Fed turn a profit selling it off?
Posted by: NN2N1   2021-11-24 11:53  

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