Posted on 11/19/2022 1:11:04 PM PST by george76
It has to be purposeful.
There are many, many things that can keep us up at night.
This is one of the big ones.
a blatant attempt to manipulate the price of oil to desperately drive down gasoline prices at the pump.
On purpose.
But we could get oil out of the ground in days if we wanted too right.... Right?
Like I needed another reason to invest in real energy.
We could probably refill it in a few months, if we were back to full domestic drilling capability.
P
And, it sounds eerily similar to this report:
If I didn’t have utmost faith in the good intentions of our leaders, it could look like we were being set up to lose a war with China. What a crazy notion! Where is my tinfoil hat?
The article doesn’t discuss who were the recipients of the SPR oil, and how much money the gov’t reaped by the sales this year.
I thought terrible shape was bad enough.
5.56mm
These tow old f###s need to be put in a covid nursing home
Maybe there is only one puppet master for Biden Xi.
Hunter Biden’s connection .. Sinopec, U.S. Strategic Oil Reserves, and Hunter Biden: Connecting the Dots.. Unipec is the trading arm of Chinese state-run energy giant Sinopec.. Hunter was associated with a company called BHR Partners, which held a stake in Sinopec..
There are two aspects to the U.S. selling oil to Sinopec. First, many are questioning selling the strategic oil reserves to China since the oil was meant to ease supplies for U.S. refineries..
The other side of the controversy is related to Hunter’s connection with Sinopec.
https://freerepublic.com/focus/f-news/4081228/posts
We won’t need any of that nasty oil because we’ll all be driving EV’s soon.
And then there is the heating problem in the winter. But hey, just get a heavier coat. Problem solved.
The goal is to deplete it and then never refill it.
Saw an article on oilprice.com which said that global demand is now at 101% of pre-covid period, while production is 99%.
In sum, the world is at the point where it is using more than it produces.
Biden’s pilfering from the SPR for election purposes has helped keep a lid on prices. Maybe a coming recession will knock down demand too for a while
But otherwise, there is a structural deficit which will show up sooner or later in higher prices.
It was reported and published earlier in the year the CCP were purchasing millions of gallons.
Worse than I think?
I’d be shocked if there is really anything left.
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