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1 posted on 02/09/2017 9:03:17 AM PST by bananaman22
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To: bananaman22

For a while there it looked like we’d have to tap the strategic bacon reserve as well.


2 posted on 02/09/2017 9:08:03 AM PST by MUDDOG
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To: bananaman22

It seems they always buy when the prices are up and sell when they are down (like now).
When Clinton was President, lots were sold off, on credit, and one went to a young Black man in his early 20’s who lived with his mother. IIRC, it was worth millions and the kid’s mother worked for Jesse Jackson.
This is based on memory and I hope I recall correctly. Wish I had the names to document the story.


3 posted on 02/09/2017 9:09:20 AM PST by Dalberg-Acton
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To: bananaman22

When Trump’s energy policies kick in we’ll have even more surplus reserves.


4 posted on 02/09/2017 9:11:25 AM PST by trebb (Where in the the hell has my country gone?)
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To: bananaman22

Why are we selling these reserves when we have ships that cannot get underway due to lack of fuel?


5 posted on 02/09/2017 9:16:48 AM PST by BuffaloJack
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To: bananaman22

Why?

Because Zero said so?? Stupid!


9 posted on 02/09/2017 9:30:13 AM PST by Noob1999
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To: bananaman22

Sales are done to: “respond to a severe energy supply interruption, to prevent or address lesser supply shortages or to conduct evaluations of drawdown and sales procedures.”

“Evaluation of drawdown and sales procedures” is the only one reason than “it was scheduled and we’re too dumb to change it” that could possibly apply here.


12 posted on 02/09/2017 9:55:41 AM PST by SaxxonWoods (Ride To The Sound Of The Guns)
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To: bananaman22

This is bad for several reasons. First, this is a time of low oil prices - we should be stocking up MORE. Second, this lowers prices and hurts American producers who should be propped up or at least not undermined.


13 posted on 02/09/2017 9:57:30 AM PST by tbw2
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To: bananaman22

The last budget deal used these scheduled sales as a source of revenue for the federal budget, believe it or not. That’s why they’re happening.


15 posted on 02/09/2017 10:00:30 AM PST by babble-on
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