Strategic Petroleum Reserve release will be in addition to 180M barrels released since April
Posted on 10/05/2022 10:45:26 AM PDT by conservative98
President Biden on Wednesday said he would release 10 million more barrels of oil from the U.S.’s Strategic Petroleum Reserve (SPR) in November in a move to counter raising gas prices again.
His decision was announced just hours after Organization of the Petroleum Exporting Countries (OPEC+) said it would be cut oil production by 2 million barrels a day.
The cuts will restore the oil market for top producers like Saudi Arabia and Russia but are also expected to drive up costs at the pump globally.
But Biden’s attempt to circumvent the spike in gases prices expected to hit the market in time for the midterm elections may not prove all that effective.
(Excerpt) Read more at foxbusiness.com ...
Strategic Petroleum Reserve release will be in addition to 180M barrels released since April
What’s that, 4 days worth?
SPR is going to ZERO, Jim
Desperation move.
So, are we half full or half empty. If we’re releasing I say half empty. 😵🐎💩
WHO DIDN’T SEE THIS COMING, RAISE YOUR HANDS..................
We use 19.7 millions barrels per day.
We have a combo of all the worst parts of Carter & Obama with Biden leading us.
What’s that, 4 days worth?
Heh.
The USA consumes 18.7mm barrels a day.
Biden to release 10M more barrels from Strategic Petroleum Reserve in November in wake of OPEC+ cuts
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That covers us until the end of the week. Nice.
Americans are suffering and living through bizarre Biden times.
Wow. That’s a very damning chart. We’re basically weeks aways from no strategic reserve.
Usually Brandon is selling this to other countries and it does not help the US. Is anyone keeping track of where this money is going?
Pretty soon it will be an empty hole in the ground that could have had 714 million barrels of oil set aside for emergencies.
Starving out gas vehicle owners to force them to go EV is the official Dem policy. Why bother saving them——unless it’s to win the midterms and then step on their faces again.
Election day is right around the corner. He has to artificially bring prices down just until Nov 1st then the sky’s the limit.
Half of that will go to CHY NA and Ukraine.
We’re basically weeks aways from no strategic reserve.
That’s the plan.
But you knew that, right?
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