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 ...
The story will be that it all seeped back into the earth or some other excuse. Another Camp Lejune?
Heh. I wouldn’t put it past them to pull something like that plus they could always blame the Russians or Trump!
Heh heh
I heard someone call into a radio talk show and complain that profit on $2.00/gal gas was 1-2 cents but profit on $3.00-$5.00/gal gas was an outrageous 3-5 cents per gallon.
Joey the moron takes 5 days oil out of the reserves we have for emergencies.
Joey the clown is a self made emergency.
They’ll just speed up the jack pumps, open
the valves a turn wider and pump away....
This administration is dangerous. The people need to wake the f up.
Nice plan Obama, make it harder to drill for oil in this country and sell off our reserve. What to do when we are out of oil?
How does giving the Chinese our petroleum fix our problem…?
Oh God these people and their lack of scope. I guess the same people who lost their minds over COVID 19.
And when it does go to zero, what’s the idiot going to do then?
At least the Titanic went down with the lights on.
LesgoBrandon not so much
I don't think there are any lights on between his ears.
Why are there democrats...?
Because the Good Lord ran out of locusts.
According to Newsmax on TV, that is 1/2 days worth.
Get ready to learn to ride horseback.
I was thinking with regards to the OPEC cut, which is 5 days.
They’re cutting 2 mil a day, so we’ll be covering their cut for 5 days.
I think we use just under 19 million a day.
Does that make sense to you?
In my area gas is up .20 cents since yesterday...Hope it goes sky high 30 days from the mid terms as a reminder to people!
FUJB
That jackass screws up everything he touches.
Reserves have never been lower. Never were higher during President Trump’s time.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.