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To: SaxxonWoods
“ The SPR isn't meant for ongoing price control, it's for damage control in case of a shortage of product due to war, etc. SPR was pretty full when oil hit $147 a barrel under Bush. He threatened to draw it down and oil went below $50. When the SPR is low it isn't as much of a threat to countries trying to affect the price. In other news, Biden is still an idiot.”

A smart manager of the country's emergency asset takes advantage of low prices when opportunity strikes. Looks like Biden and certain Freepers would not be smart management of this country's assets.

26 posted on 11/24/2023 11:39:20 AM PST by Chgogal (Welcome to Fuhrer Biden's Weaponized Fascist Banana Republic! It's the road to hell)
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To: Chgogal

Agreed, FRiend. The Reserve should be being filled now and over the winter at these temporary low prices but this govt won’t do so to keep the Greens happy. Biden is the King of the sugar high that leaves a hangover. He sold off millions of barrels to help D’s in the midterms, a treasonable use of the citizen’s emergency reserve for partisan politics. Now he won’t undo the mistake due to the flak he would take from the whackos for doing the right thing.


27 posted on 11/24/2023 12:10:45 PM PST by SaxxonWoods (Successful People Have a Sense of Gratitude. Unsuccessful People Have a Sense of Entitlement)
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