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1 posted on 11/19/2022 1:11:04 PM PST by george76
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To: george76

It has to be purposeful.


2 posted on 11/19/2022 1:13:00 PM PST by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: george76

There are many, many things that can keep us up at night.

This is one of the big ones.


3 posted on 11/19/2022 1:13:36 PM PST by Hostage (Article V)
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To: george76

a blatant attempt to manipulate the price of oil to desperately drive down gasoline prices at the pump.


It is instant cash flow for things


4 posted on 11/19/2022 1:13:54 PM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: george76

On purpose.


5 posted on 11/19/2022 1:14:54 PM PST by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: george76

But we could get oil out of the ground in days if we wanted too right.... Right?


6 posted on 11/19/2022 1:15:20 PM PST by Bayard
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To: george76

Like I needed another reason to invest in real energy.


7 posted on 11/19/2022 1:26:32 PM PST by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: GOPJ; poconopundit; Jane Long; Diana in Wisconsin; Grampa Dave; Godzilla; null and void; aragorn; ..

P


9 posted on 11/19/2022 1:28:06 PM PST by Liz (Vox Populi, Vox Dei (the voice of the people is the voice of God))
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To: george76

The article doesn’t discuss who were the recipients of the SPR oil, and how much money the gov’t reaped by the sales this year.


11 posted on 11/19/2022 1:35:29 PM PST by NautiNurse (There was a 2022 mid-term Red Wave...in Florida! )
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To: george76

I thought terrible shape was bad enough.

5.56mm


12 posted on 11/19/2022 1:36:38 PM PST by M Kehoe (Quid Pro Joe and the Ho got to go)
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To: george76

These tow old f###s need to be put in a covid nursing home


13 posted on 11/19/2022 1:36:57 PM PST by ronnie raygun
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To: george76

Maybe there is only one puppet master for Biden Xi.


14 posted on 11/19/2022 1:39:53 PM PST by Vaduz (LAWYERS )
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To: george76

We won’t need any of that nasty oil because we’ll all be driving EV’s soon.

And then there is the heating problem in the winter. But hey, just get a heavier coat. Problem solved.


16 posted on 11/19/2022 1:46:06 PM PST by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: george76

The goal is to deplete it and then never refill it.


17 posted on 11/19/2022 1:50:11 PM PST by Singermom
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To: george76

Saw an article on oilprice.com which said that global demand is now at 101% of pre-covid period, while production is 99%.

In sum, the world is at the point where it is using more than it produces.

Biden’s pilfering from the SPR for election purposes has helped keep a lid on prices. Maybe a coming recession will knock down demand too for a while

But otherwise, there is a structural deficit which will show up sooner or later in higher prices.


18 posted on 11/19/2022 1:50:37 PM PST by PGR88
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To: All

Worse than I think?

I’d be shocked if there is really anything left.


20 posted on 11/19/2022 1:58:18 PM PST by LegendHasIt
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To: george76

https://www.energy.gov/ceser/spr-quick-facts

here under current inventory it says page not found.


25 posted on 11/19/2022 2:20:08 PM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: george76

There’s tons of coal, oil, and shale below the entire North American continent as well as offshore, and it isn’t being pursued to the best of abilities!


27 posted on 11/19/2022 2:21:39 PM PST by johnthebaptistmoore (The world continues to be stuck in a "all leftist, all of the time" funk. BUNK THE FUNK!)
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To: george76

... the SPR — which now essentially stands at about 100 million barrels, ...

U.S. daily consumption is approx. 18.6 million barrels.

100 million barrels = approx. 5.4 days of U.S. daily consumption.


46 posted on 11/19/2022 5:30:32 PM PST by TigersEye (The Democrat Party is criminal, unAmerican and illegitimate )
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To: george76

Update...

https://www.foxbusiness.com/politics/biden-sell-26-million-barrels-more-strategic-petroleum-reserve


53 posted on 02/14/2023 3:37:41 AM PST by mewzilla (We will never restore the republic if we don't first secure the ballot box.)
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