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First on CNN: Biden administration launches plan to refill emergency oil reserve
CNN ^ | 5-5-22 | Matt Egan

Posted on 05/05/2022 7:50:48 AM PDT by dynachrome

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To: dynachrome

Whatever they do I can assure you it will punish us all in some way.


21 posted on 05/05/2022 7:57:32 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: dynachrome

These are like people who buy a house on a sunny day and then sell off the roof thinking there’s no need for it then, after getting soaked, go about spending more money to replace the roof, only the cost of labor has increased and it will never be as sturdy as what was removed.

I swear these people couldn’t run an honest business to save their lives. When I called Barack Obama an “economic illiterate”, that wasn’t racism; that was reflecting his actual speeches where it was clear he did not understand even the basic principles of economics and, apparently, neither did his advisers - the same ones running Biden’s economy.


22 posted on 05/05/2022 7:57:43 AM PDT by OrangeHoof ("Rust" may be the first movie where the blooper reel gets more viewings than the actual film.)
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To: MrRelevant

Yep, I kept,waiting for gas to,go down 4 or 5 cents a gallon, it didn’t, it went up .25 per usual. Now $4.45 gal.


23 posted on 05/05/2022 7:58:17 AM PDT by Bob434 (.)
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To: dynachrome

We have a vegetable as a president. Honestly the wild onions in the woods have a higher IQ than this dumb idiot.


24 posted on 05/05/2022 8:00:34 AM PDT by MachIV
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To: janetjanet998

Right, Chuck the Schmuck called it a taxpayer gift to the oil campaniles.


25 posted on 05/05/2022 8:01:06 AM PDT by gibsonguy
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To: dynachrome

Republicans should be in front of,the cameras explaining to,the public that now is not the time to refill, that it,is fiscally irresponsible to do so now, andmthatnthe people who are paying taxes should not have to be screwed over like this just so,that the lefts favorite terrorist nation can prosper


26 posted on 05/05/2022 8:01:19 AM PDT by Bob434 (.)
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To: dynachrome

...WTH?!!!


27 posted on 05/05/2022 8:01:38 AM PDT by Irenic
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To: dynachrome

Fill the reserves with likely imported Arab oil.


28 posted on 05/05/2022 8:02:45 AM PDT by The Great RJ
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To: dynachrome

Sell low, buy high. It’s not his money, He always gets his cut.


29 posted on 05/05/2022 8:04:53 AM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: dynachrome; All
In March 2020, Trump proposed buying 77 million barrels and Dems blocked it. Chuck Schumer claimed they Eliminated $3 billion bailout for big oil.

Call Them Out. What was the crude price then vs now? Here’s a hint… it was $29.21 WTI in March 2020 and March 2022 $108.5 (it’s come down some but no where near $29). Source

30 posted on 05/05/2022 8:05:01 AM PDT by newzjunkey (“We Did It Joe!” -The Taliban / “Thanks Joe!” -Putin)
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To: dynachrome

Smart use of money, give away the $40/ barrel oil and replace it with $150/bbl oil. No wonder these jamokes don’t make it in the private sector.


31 posted on 05/05/2022 8:05:12 AM PDT by 1Old Pro
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To: uranium penguin
All from Iran......and from Venezuela
32 posted on 05/05/2022 8:05:43 AM PDT by SpokeshaveReturns (Spokeshave Returns)
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To: dynachrome

So going into the market with a large scale purchase won’t inflate the oil price further? These people are idiots.


33 posted on 05/05/2022 8:06:26 AM PDT by 1Old Pro
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To: dynachrome

So was selling our strategic oil to China recently the way Biden could claim a decrease in the deficit?


34 posted on 05/05/2022 8:06:37 AM PDT by caseinpoint (Don't get thickly involved in thin things.)
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To: EEGator

Sell low and buy high with taxpayer dollars and getting paid off to do so. Leftists grifting for fun and profit.


35 posted on 05/05/2022 8:07:05 AM PDT by WMarshal (Neocons and leftists are the same species of vicious rat.)
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To: 1Old Pro

When Trump proposed refilling at $29 Dems called it a “bailout for big oil”


36 posted on 05/05/2022 8:07:23 AM PDT by newzjunkey (“We Did It Joe!” -The Taliban / “Thanks Joe!” -Putin)
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To: 1Old Pro

They’re profiting somehow with such a deal. It’s the only thing that makes sense.


37 posted on 05/05/2022 8:08:23 AM PDT by newzjunkey (“We Did It Joe!” -The Taliban / “Thanks Joe!” -Putin)
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To: dynachrome

So. What Xiden is actually doing is taking government tax dollars to COMPETE against American consumers for a short-supply commodity to refill a reserve he purposely depleted for a worthless stunt to improve his poll ratings.

That didn’t work so he’s in the midst of starting WWIII so we’re gonna need that oil - to run the tanks and APCs we gave to Ukraine? To tow the Howitzers we gave them? To put AVGAS in the cargo-lift planes the EU et al don’t want to fill up for the flights to Ukraine? Yeah...the oil bill (and all the MIC resupply orders for the massive amounts of shells and other armaments) will come due. He’s hoping that won’t be until AFTER November. You bunch of suckers...


38 posted on 05/05/2022 8:08:44 AM PDT by Gaffer
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To: dynachrome

The stupid bastard, without objection from the neocon wing of the Republican party, has depleted the stock for no good reason.

Contrary to the best interests of the American people.


39 posted on 05/05/2022 8:09:47 AM PDT by Mariner (War Criminal #18)
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To: dynachrome; All

They are going to buy from Russia. This is such a bad idea anyways. Oil prices are historically high, worst time to buy. Unless of course they know it’s going higher


40 posted on 05/05/2022 8:10:18 AM PDT by wiseprince (Me,)
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