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Biden to release 30M more barrels from strategic oil reserve as prices climb
Washinton Examiner ^ | March 1, 2022 | Breanne Deppisch

Posted on 03/01/2022 5:13:40 PM PST by thouworm

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To: thouworm

Off subject but curious - is anyone else finding gas stations out of gas?


61 posted on 03/01/2022 7:10:07 PM PST by GOPJ (We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand)
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To: RBW in PA
When I was a child, I was taught that the strategic oil reserves were to be used on the event of war. Was never taught that they could used to manipulate markets.

I remeber that - back when the country made sense...

62 posted on 03/01/2022 7:13:14 PM PST by GOPJ (We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand)
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To: Qui is
30 million barrels is enough for 1 1/2 days and has absolutely zero impact on fuel prices or the economy.

True. But but it does put us at at risk if there is a REAL emergency....

63 posted on 03/01/2022 7:18:36 PM PST by GOPJ (We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand)
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To: GOPJ

Indeed. Another good point.


64 posted on 03/01/2022 7:45:43 PM PST by Qui is (First, never apologize to the enemy, and second, never forget that Biden spews and Harris swallows. )
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To: thouworm

How about freeing up the Keystone and relaxing the drilling restrictions? He won’t do anything to give any serious relief.

Last year, the Biden administration choked down oil and gas production in this country, and caused us to be dependent upon foreign oil.

Last year, the Biden administration shut down the Keystone pipeline, and supported the Russian pipeline.

Last year, we bought more foreign oil from Russia than any other country.

Let this sink in.


65 posted on 03/01/2022 7:55:10 PM PST by eastexsteve
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To: thouworm

https://www.reuters.com/business/energy/oil-prices-climb-market-weighs-release-reserves-vs-russia-disruption-2022-03-01/


66 posted on 03/01/2022 8:01:42 PM PST by Brown Deer (America First!)
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To: thouworm

Now there’s a presidential solution, flip the consumers in a nickel.


67 posted on 03/01/2022 8:19:30 PM PST by rottweiller_inc (inter canem et lupum)
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To: thouworm
".....“quiet” leak is a toothless sound byte...."

....... Ya ..... a toothless sound byte that the Propagandists will use ......... To create a Narative for Public Consumption with the help and perpetrated by the Corporate Media ...... Which of course will become the Public Perception that .... Unlike us ..... The Non Conservative Politcical Junkies .... Shall accept as Truth .....

68 posted on 03/01/2022 8:20:25 PM PST by R_Kangel ("A nation of sheep will beget a nation ruled by wolves")
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To: Brown Deer

TY.

From your article: “However, news of that release - equivalent to less than one day of worldwide oil consumption - only magnified the market’s fear that supply will be inadequate to cover growing disruptions.”

No surprise there!

In your opinion...Can you conceive any crisis or push-back that will coerce the Biden Adm to open up the US spigots?


69 posted on 03/01/2022 8:30:24 PM PST by thouworm ("To anger a conservative, lie to him. To anger a liberal, tell him the truth"---Theodore Roosevelt)
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To: thouworm

Not likely to happen until the new Congress forces him to do it next January. We can only hope that it’s sooner.


70 posted on 03/01/2022 9:43:04 PM PST by Brown Deer (America First!)
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To: AbolishCSEU

BTTT


71 posted on 03/01/2022 9:46:50 PM PST by nopardons
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To: thouworm

WTI up $6 this morning. SPR release has no effect.


72 posted on 03/02/2022 4:22:34 AM PST by wardamneagle
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To: All

Some enterprising reporters need to checkout the Biden Crime Family parasites......betcha they got a private pump.

As Americans struggle, the Bidens get all their gas scott free.......sucking off the backs of taxpayers.

Official US gas delivery trucks at the ready 24/7.


73 posted on 03/02/2022 5:06:12 AM PST by Liz ("Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
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To: Captain Peter Blood

Actually this was. It was when oil went to having them pay you to take it.


74 posted on 03/02/2022 6:31:46 AM PST by bray (The Vax is fake and deadly)
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To: thouworm

Proof his stooges are no smarter than he is his supporters buy rabbit foot on a chain.


75 posted on 03/02/2022 8:48:56 AM PST by Vaduz ( )
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