Posted on 10/10/2023 9:58:00 AM PDT by CFW
President Biden's decision to drain the Strategic Petroleum Reserve (SPR) to its lowest level in decades is back in the spotlight amid the war between Israel and Palestinian Islamist group Hamas, which has caused oil prices to surge.
On Monday, the Brent crude index, the worldwide oil benchmark, and the U.S. WTI index both surged more than 4% and inched closer to $90 a barrel as a result of volatility created by the Middle East crisis. According to analysts, the conflict — triggered over the weekend after a series of unprovoked attacks by Palestinian militants on Israelis — may lead to large amounts of global oil supplies being withheld.
"If the conflict envelopes Iran... up to 3% of global oil supply is at risk. And if a wider conflict eventuates that ends up impacting transit through the Strait of Hormuz, around 20% of global oil supply could be held hostage," energy analyst Saul Kavonic said in an interview with Reuters.
(Excerpt) Read more at foxnews.com ...
Here is an thread from a year ago.
https://freerepublic.com/focus/f-news/4096683/posts
It would be easier to make a list of what President Retard hasn’t screwed up
C’mon, Man! How’s the guy supposed to make money if he can’t sell our oil to China?
Let’s Go, Brandon! *SPIT*
What a world of hurt we are in!
It would be easier to make a list of what President Retard hasn’t screwed up
He’s accomplishing his handlers’ goals very effectively.
It was all part of the plan.
Oh sure, go to the short list:
1. Sniff children's hair while thinking about "showering" with your daughter.
END OF LIST
Yep
We are right back to 1973. The Biden regime undid 50 years of progress
Did the big guy, Joe Bribemum, get his 10% kickback?
Halting Oil drilling in the US raises the price/barrel of oil!:
Which gives Iran, Russia, Venezuela and others $Billions more to spend for the same commodity.
Summary: Stopping Oil drilling in USA, lowers the supply, but the demand has not subsided!:
So, the price of oil will continue to rise and empower our enemies with even more cash.
Again, “Did the big guy, Bribemum get his 10% kickback?”
PS: Were many US military weapons used in this attack?
You know, all that weaponry Biden Bribemum abandoned in his shameful rout in Afghanistan?
https://www.americanthinker.com/images/bucket/2023-10/249316_5_.jpg
Let’s go Brandon!
“It was all part of the plan.”
I agree. I truly believe Biden and cabal (led by Obama) are working with our enemies to systematically destroy America. That has been the goal of the jihadists since the nation was formed. Obama was their greatest recent accomplishment and they have been building on that accomplishment ever since then.
“your daughter = his daughter.” Just to be clear.
Hey don’t make fun of Osama bin Beijing Benedict Biden.
What about the weapons we left in Afghanistan? When those are used agains Israel will it bring into focus how stupid Biden and his thugs and goons are?
And all the weapons we gave to Ukraine - with no system of keeping track if they’re used or sold on the black market - will that bring anything into ‘focus’ for the stupid people in the liberal MSM?
Hey, as long as the government has enough gas for their limos and Aviation fuel for their private jets and enough electricity for their AC units and home security systems the rest of us can eat algae and bugs and walk or ride our bikes to and from work.
Oh joy.
Biden should pledge to Isreal that the United States Strategic Petroleum Reserve is there for them any time they need it.
Take some of the sanctions off Russia might relieve some countries.
The food problem is next.
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