U.S. Strategic Petroleum Reserve Hits Lowest Level Since 1985 (See SHTF Graph)

Energy Central ^ | Energy in Depth

[Hostage]

The U.S. Strategic Petroleum Reserve (SPR) hit historic lows this week as President Joe Biden continues to order a record release of barrels from the emergency stockpile. The SPR now sits at around 453 million barrels – the lowest level in 37 years.

For perspective, the U.S. Energy Information Administration estimates that in 2021, the United States consumed an average of about 19.78 million barrels of petroleum per day. If oil and gas production were to halt completely, today’s SPR would have just enough supply to fuel the United States for 22 days.

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Whole story depicted in Bloomberg Graph below.

[Hostage]

FALLING OFF A CLIFF.

Sell-off of the SPR is Biden's response to his collapsing poll numbers, to attempt to impede the coming Red Wave, and as a side benefit, it weakens the United States while assisting Beijing.

It took more than 70 years for the US to stockpile petroleum reserves to help smooth over disruptions in gas/oil supply chains.

There exist Green Woke bad actors behind this: shut down pipeline construction, cancel leases, and sell off the SPR.

That temporary softening of gas prices at the pump this Summer is about to end, likely timed just after midterms.

This past week saw a slight increase of gas prices at the pump.

[Georgia Girl 2]

He’s selling our oil reserves to the Chinese. That’s treason.

[Psalm 73]

"He’s selling our oil reserves to the Chinese. That’s treason."

Only if he's really the President. Most of us don't believe he is (our President).

[Georgia Girl 2]

He’s not the President. You are correct. But if needed conspiring with a foreign power to destroy the country is a good excuse for the military to step in and remove his little band of criminals from DC.

I don’t think it will come to that though. There is a persistent rumor in alternative media that the Supreme Court has already ruled to decertify the 2020 election but have not yet announced it. Now Trump is outright calling for decertification and the real winner to be reinstated.

[ConservativeInPA]

He’s selling our oil reserves to the Chinese. That’s treason.

Biden makes enemies stronger while making America weaker.

Contrast Biden with Trump. Trump was the polar opposite of Biden and America was strong.

[null and void]

One does not need to be president to commit treason.

Treason is the only crime defined in the U.S. Constitution. According to Article III, Section 3:

Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort. No Person shall be convicted of Treason unless on the Testimony of two Witnesses to the same overt Act, or on Confession in open Court.

[mountainlion]

Joe the buyden has amateur handlers that are panicked and running scared.

[4Liberty]

“Yay, slightly lower gas prices!” /S

[Hostage]

Please note the most important part of the Treason statute refers to whom it applies to:

18 U.S. Code § 2381: Whoever, owing Allegiance to the United States, ...

Owing allegiance is witnessed by ..... THOSE WHO HAVE SWORN AN OATH OF ALLEGIANCE to the United States.

All military, all public employees and officeholders, all licensed attorneys, are required to swear an oath of allegiance..

[goodnesswins]

How could Supremes do that? Is there some kind of Super Grand Jury? As much as I wish it were true, seems far fetched.

[Georgia Girl 2]

The court could have revisited one of the multiple cases that they failed to hear in 2020 and early 2021. Also bear in mind the case that the court will hear in October. It could easily end in decertification. Look at it like this, who saw Roe v Wade coming?

[Tilted Irish Kilt]

Prepper Ping - The U.S. Strategic Petroleum Reserve is a safety net for emergency supplies in time of need, and should not be used to manipulate the international market.
We are using cheaply produced petroleum which will need to be replaced with more costly petroleum at some future date.
Obstanance, and resistance to a change of direction in the face of crisis will only lead to disaster !
See the graph on Post #2 regarding the status of the petroleum reserves pool

(From the news source):" For perspective, the U.S. Energy Information Administration estimates that in 2021,
the United States consumed an average of about 19.78 million barrels of petroleum per day.
If oil and gas production were to halt completely, today’s SPR would have just enough supply to fuel the United States for 22 days."

" the SPR was created to deal with supply emergencies and to be used as a safety net when hurricanes and other natural disasters hit
– not as an instrument to manipulate the market for short-term relief at the gas pump."

"In reality, and despite what Sec. Granholm may say, there are many other tools at the administration’s disposal that don’t rely on siphoning off our strategic reserves.
A better solution would be to embrace America’s role as a leader in natural gas and oil by ramping up domestic energy production
and improving pipeline infrastructure to make energy more affordable and readily available.
However, the Biden administration has continuously taken actions to discourage domestic production,
including banning federal leasing for new development, canceling domestic pipelines, taxing natural gas,
and promoting a regulatory environment that hampers investment in future oil and natural gas projects."

[Psalm 73]

"One does not need to be president to commit treason."

What I was getting at in a round-about way is that he shouldn't even be allowed to sell anything that belongs to us, least of all our strategic oil reserve.

How do we even allow this? Like how does he get to sell (or give) our weapons systems to another country (like Ukraine)?

[Lumper20]

Biden has Obama handlers running him. Selling our reserves endangers America. That is TREASON.

[null and void]

Fair point!

What I notice is missing is the phrase 'in time of war'.

There is no declared war with China, Russia, Iran, Saudi Arabia...

[Tilted Irish Kilt]

Agreed !

[null and void]

Agreed! There doesn’t have to be a declared war for giving Aid and Comfort to our enemies to qualify as Treason.

[fella]

The ChiComs are just about ready to Crimea Taiwan.

[VTenigma]

All part of the plan.

[VTenigma]

All part of the plan.