Posted on 04/04/2022 3:28:22 PM PDT by conservative98
Oil prices shot up Monday despite President Joe Biden’s plan to curb gasoline prices by releasing a million barrels of emergency oil reserves daily.
The Brent crude index, the global oil benchmark, increased to $108.07 per barrel Monday morning, surging more than 3.1% overnight. The U.S. WTI index skyrocketed more than 3.4% past $103 per barrel Monday.
(Excerpt) Read more at dailycaller.com ...
Bull , their real plan is to empty the Oil Reserve
“Bull , their real plan is to empty the Oil Reserve”
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Yep. All part of their globalist, anti-American goal of weakening and impoverishing America.
Anyone with the sense God gave a hammer knows that.
They want most of us dead, the rest in chains.
“, their real plan is to empty the Oil Reserve”
Exactly so. The real plan is to bankrupt the US. The Cloward Piven plan.
Gee, I’m shocked. I was sure that was a winner to fix it permanently. /sarcasm
Everything he touches turns to 💩
like the green new deal they couldn’t get passed in congress they are implementing it through the destruction of the oil industry, like build back better they will destroy us and them implement their build back better plan. we need to bury these bastards
It will get worse before it gets better. I expect Biden to pursue a “windfall profits tax” on the oil industry.
The US uses 20 million barrels a day. Biden is releasing 1 million barrels a day. Maybe. At the most. So a 5% temporary increase in supply, while demand is rising as the seasons change and the weather warms. Meaningless gesture while leaving the Strategic Reserve depleted.
This entire SPR release makes America weak. What happens we become more dependant on OPEC and the turn off the supply? Biden has no problem with buying oil from Iran. All Biden needed to do was leave things alone, but he eff’s everything he touches.
I knew that wasn’t going to last long.
it is vital for their survival of the criminals in DC and their overlords to as quickly as possible and surreptitiously immobilize the American people until the people can be disarmed. Maybe a rash of mass shootings will suddenly arise to prod anti gun legislation from DC. Jobama is already calling for for it.
Bingo!
Huge increase in CAFE mileage requirements, nonstop jawboning “buy an EV,” destroy the fossil fuel industry, empty the SPR. Backdoor green new deal, indeed.
There is no question that Xiao Bidementia is a proponent/(guilty) of the Leftist/Globalist goal of diminishing, deconstructing and destroying the UnitedStates Constitutional Republic.
At this time he is just a drugged senile old fool who says and does what he’s told to say and do.
Question...where does the money from selling the oil reserve go? Is it available for Biden to spend on whatever he wants, or does it go into general revenue? I’ve been thinking the funds might somehow be divertable...inquiring minds want to know.
I believe the SPR funds go into the general revenue acct of the fed gov.
180 million barrels at 100/bbl = 18 billion
Federal budget = 6000 billion (six trillion)
so it’s a trivial sum by govt standards
And skim the money via Hunters new business venture. I think it’s called SPR Scam.
he has two more weeks before he gets that treat...
His brain is so scrambled, right along with Granny Pelosi...
We are living in a scary World...where all the leaders in Washington D.C. LIE and spread B.S and FAIRY TALES, taught by Barry Hussein...O.
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