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Oil Prices Jump Higher as Market Rejects Biden Administration’s Strategic Reserve Ploy
https://www.breitbart.com/economy/2021/11/23/reserve-release-backfires/ ^
| 11/23/2021
| John Carney
Posted on 11/23/2021 7:57:24 AM PST by ChicagoConservative27
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To: ChicagoConservative27
The market can see the poor policy this is.
21
posted on
11/23/2021 11:39:23 AM PST
by
virgil
(The evil that men do lives after them )
To: Sequoyah101
—”50,000,000 barrels is a fart in a whirlwind compared to world demand each day.”
I’m seeing about 337 million gallons per day used in the USA.
And one barrel produces approx 20 gallons of gasoline.
Looks like it might provide a couple of days’ useage.
As the economy swirls down, energy use will drop, and maybe price too? Then they will claim they forced the price down.
22
posted on
11/23/2021 2:33:18 PM PST
by
DUMBGRUNT
(("The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message)
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