Posted on 11/23/2021 4:23:56 AM PST by zeestephen
President Joe Biden said Tuesday that the administration will tap the Strategic Petroleum Reserve as part of a global effort from energy-consuming nations to calm 2021's rapid rise in fuel prices.
(Excerpt) Read more at cnbc.com ...
This is a pure political move.
He might lower gas prices at the pump (which I doubt) but what will he do when the reserve is gone?
What is that? 3 days worth?
This will backfire.
Instead of tapping the strategic reserve, how about restarting the Keystone Pipeline, and get rid of the enviromenal regulations. Eh Brandon?
What’s it gonna do? Lower prices a few cents a gallon for a week? Treasonous bastard.
LINK: American Thinker-Something very peculiar is happening with our Strategic Petroleum Reserve
From that article:
"...It turns out that Biden is already tapping into the SPR; he's just not doing it to help Americans. A report in investment circles is finally trickling down into the mainstream news: Biden is selling massive amounts of SPR oil...to Asia! According to Bloomberg/Quint:
About 1.6 million barrels of crude from the U.S. Strategic Petroleum Reserve — a monthly record — was shipped out in October, according to data from market intelligence firm Kpler.
All three supertankers went to Asia.
"Given the ongoing pace of the current SPR release — 12 million barrels in the last two months and the biggest weekly release so far last week at 3.1 million barrels — it's fair to assume more SPR barrels are going to leave U.S. shores in the weeks ahead," said Matt Smith, an oil analyst at Kipler.
As far as I can tell, the administration has not explained why, with Americans struggling to keep up with rising fuel prices, it's shipping our SPR to Asia. During the virtual meeting between Biden and Xi Jinping, the two men allegedly discussed releasing oil from both countries' petroleum reserves but made no mention of the sales to Asia that already took place.
What a freakin’ R-Tard
See the link above to the American Thinker article.
All part of the plan.
I know.
Actually, I think they destroyed our energy sector just so they could intentionally humiliate this country by having to beg to OPEC and Russia to increase their output to help us out.
Unbelievable.
Suddenly Joe is worried????
Weekly U.S. Percent Utilization of Refinery Operable Capacity
Emptying our reserves when pipelines were also shutdown. How could this go wrong?
What a Marxist POS. There is plenty of American oil. Let us go get it and finish the pipeline
Part of the plan I assume. When the reserves are gone, he’ll say “Well there’s nothing we can do except blame Trump”.
“All part of the plan.”
True. The goal of the plan is to cripple the United States beyond repair as quickly as possible.
The police stand down and allow rioters to destroy our cities. Republicans stand down and allow the democrats to destroy our nation.
Americans queue up and vaccinate their children for a virus that does not even harm them.
Collective insanity reigns.
F Joe’s internal polls must be real bad. Trump put a lie to the we can’t drill our way out of high gas prices excuse. F Joe and the Dems won’t get away with high gas prices and raging inflation.
Yesterday there was a Democrat drone on Fox blaming high gas prices on pandemic gouging by oil companies. Charles Payne replied, that’s what Xi said a few weeks ago. She replied did you just call me a communist? Classic.
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