Done on purpose. The question is: Will Traitor Joe and his family and the other elites be allowed to leave the country before it gets destroyed? If we only had an obama tracker, that let us know where these people are at any given point in time, so when enough of them are gone, we know something is probably going to happen.
The money is probably earmarked for Ukraine, which is the most important place in the world.
Some lobbyist with connections convinced the White House power-brokers (not Joe) to press forward...convincing them prices would lessen by early 2024. That failed.
So you enter an election year with gas presently around $3.54 (nationally) and likely to hit $4 by mid-summer...maybe even $4.20.
Biden can’t talk on the economy for the remainder of the year....while RFK Jr and Trump will hype it every single day.
ok maybe i’m a contrarian here. but it seems to me that the raft of plausible but ineffective things the gop keep doing always for so called ‘responsible gov’t’ are at this point a fraud and a complete waste of time. it really needs to stop. things like passing CR’s, raising the debt sealing, funding federal schools, gov’t run medical insurance, filling the oil reserve, etc., etc. the only good thing the gop can do at this point is to starve the beast however and whenever they can.
why keep propping the enemy up by filling the oil reserve? they’re just going to empty it for political purposes anyway. why keep funding their schools? their just going to use them against us anyway. etc., etc.
Done by Traitorous Enemies of America, there’s no other possible explanation.
We will have to wait until President Trump is re-elected and he can, again, bring gas prices down low enough so he can undo what Biden was so stupid to do.
It offered no real benefit to have depleted it in the first place, and certainly the effect was especially a net negative as it will have to be refilled at much higher oil prices and / or putting national security in danger.
One of the first things Trump should do is “fill’er up”.
Trump tried to fill it to the brim...The Dems stopped it saying that it was just feeding the oil companies.
no one ever accused Granholm of understanding the marketplace, now evidenced by her zigging when she should be zagging. but that presumes she wishes to put the US first which i think is ‘bottom of mind’ for her, to put in KJP-speak. i am reminded DJT wanted to refill at about $35 a barrel - the Dems nixed.
“Thanks, JoJo!”
~ Xi
Did anyone really believe he would replenish it? It was depleted on purpose, why would he replace it?
Since the US is not (net-net) dependent on petroleum imports these days, being a net exporter, the original argument for the petroleum reserve seems moot.
It was created in 1975 when the US was dependent on imports and was hit by the Arab oil embargo. The reserve was intended to let the US ride out such external supply shocks. That sort of thing seems very unlikely today.
Now, it is arguable that there is still a function to the petroleum reserve, in evening out GLOBAL prices. But that is a very different kettle of fish. Does the US want to be the global oil price policeman?
Remember, please, that “Joe” can’t use a thermometer to check to see if he has assumed room temperature.
This is the work of the Jihad Junta to make us vincible to the regimes that they take orders from.
I’m a total free-market, limited gov’t person, but something like the SPR makes sense - got to come up with some way for the executive branch to have less power over it.
Rather have Federal Reserve run it. Or JPM and XOM
The only time this administration ever worried about spending money
While we see how Leftists plan for future contingencies regarding the SPR (hint, they don’t plan), what we don’t see, unless we read deep into publications (as Brian Berletic does) is how they apply the same policy to MILITARY READINESS, which is why it was TOTALLY IDIOTIC to let the Leftists lead us into World War 3, as they are just now learning that they cannot order new Patriot Batteries on Amazon and have them delivered in 2 days, and instead have to wait at least 5 years for delivery*, and that’s only if China is in a good mood to supply us with the necessary piece-parts to build them as US suppliers long ago shutdown production, or went to skeleton crews.
*the 5 years also includes permitting, facility expansions, training workers whose only mechanical skills are playing video games and majoring in Women’s Hygiene, finding new suppliers for just about complex part (or waiting for the suppliers to also expand production), etc.
Well, sell it and it generates revenue. Buy back at a higher price and whoops, its not only a loss, but adds to the deficit.
Milley and friends believe they can fight a war with trannies driving electric fighter jets, electric tanks and electric troop carriers and humvees. .
