Strategic oil reserves filled by Trump being depleted by bonehead

[Guest]

Three-letter word...J O B S

Job cuts are trending higher in recent months, according to the latest report from outplacement firm Challenger, Gray & Christmas. In September, US businesses announced plans to cut 29,989 jobs, an increase of 46% from August and almost 68% higher than this time last year. The retail industry accounted for nearly one-third of the cuts, Challenger said.
Bidenrecession ramping up!

[Guest]

Job cuts are trending higher in recent months, according to the latest report from outplacement firm Challenger, Gray & Christmas. In September, US businesses announced plans to cut 29,989 jobs, an increase of 46% from August and almost 68% higher than this time last year. The retail industry accounted for nearly one-third of the cuts, Challenger said.
Bidenrecession ramping up!

Biden’s big FU to middle class & folks nearing retirement. I will destroy your retirement accounts, 401Ks and college savings!
He doesn’t think it should matter because Joe and family are all set from the millions they have and are receiving from China so suck-it-up!
market going to be down big again today

[Guest]

Biden’s big FU to middle class & folks nearing retirement. I will destroy your retirement accounts, 401Ks and college savings!
He doesn’t think it should matter because Joe and family are all set from the millions they have and are receiving from China so suck-it-up!
market going to be down big again today

WHITE HOUSE says we stopped oil production in the US to combat climate change

But the WHITE HOUSE is also asking other countries for more oil production

Can’t make this stuff up people.
Democrat constituents are being duped but way too stupid to realize it or too embarrassed to admit it!

[Guest]

WHITE HOUSE says we stopped oil production in the US to combat climate change

But the WHITE HOUSE is also asking other countries for more oil production

Can’t make this stuff up people.
Democrat constituents are being duped but way too stupid to realize it or too embarrassed to admit it!

Thank you President Trump for filling our strategic oil reserves only to be used for WAR at record low oil prices so that Biden can release more to counteract his terrible energy policies and lower gas prices 3 weeks before the mid terms to fend off the red tsunami of Republican voters. Unfortunately, right after the mid-terns, oil prices will skyrocket again until the next election..

[Guest]

WHITE HOUSE says we stopped oil production in the US to combat climate change

[...]

Can’t make this stuff up people.

You just did

[Guest]

Thank you President Trump for filling our strategic oil reserves only to be used for WAR at record low oil prices so that Biden can release more to counteract his terrible energy policies and lower gas prices 3 weeks before the mid terms to fend off the red tsunami of Republican voters. Unfortunately, right after the mid-terns, oil prices will skyrocket again until the next election..

Biden thinks Americans are stupid, unbelievable, we all know why he is reducing our, emphasis on our, oil reserves the lowest in 40 years

[Guest]

Trump only made things worse when he was in office. BTW he did not FILL the reserves, there was and has been a system in place that does that every year. This is my only post because I know MAGA folks can't handle the truth and live in a constant state of fear and hypocrisy. Such snowflakes and sheep.

[Guest]

Trump only made things worse when he was in office. BTW he did not FILL the reserves, there was and has been a system in place that does that every year. This is my only post because I know MAGA folks can't handle the truth and live in a constant state of fear and hypocrisy. Such snowflakes and sheep.

I guess I was wrong, and Biden was right, Americans are too stupid, case in point poster above. Read what your own biased network said in 2020. https://www.cnbc.com/2020/03/13/trum...m-reserve.html
So you probably believe to that Biden isn’t draining the reserves to push gas prices down in time for the midterm or that he cut back on US energy for climate change but asks other countries to generate more?

[Guest]

Trump only made things worse when he was in office. BTW he did not FILL the reserves, there was and has been a system in place that does that every year. This is my only post because I know MAGA folks can't handle the truth and live in a constant state of fear and hypocrisy. Such snowflakes and sheep.

OOPS! Your moronic post didn't age well, did it? Truth Matters! You guys is a complete, feckless clown

https://www.wsj.com/articles/bidens-...ia-11663881235

Biden’s America Is Running on Empty

Less than two years into his presidency, President Biden has released more oil from the nation’s Strategic Petroleum Reserve than all previous presidents combined. To date, Mr. Biden has allowed over 200 million barrels to be withdrawn—more than 30% of the total reserve he inherited, intended to be used in case of urgent need. The SPR is at its lowest level since 1984, when U.S. oil consumption was considerably less and the reserve was initially being stocked. Mr. Biden’s rapid depletion of the SPR is a national-security risk.

Even before Russia invaded Ukraine in February, Mr. Biden had been aggressively tapping the SPR. There have been only three previous emergency releases: 17.3 million barrels during Operation Desert Storm in 1991, 20.8 million barrels following Hurricane Katrina in 2005, and 30.6 million barrels following military intervention in Libya in 2011.

Also troubling is Mr. Biden’s business with dubious regimes. He sold SPR oil to China and continued importing Russian oil weeks after the Ukraine invasion. He pandered to Saudi Arabia for oil, after promising to make the country a “pariah,” and courted Venezuela in a bid to increase the authoritarian regime’s production.

Mr. Biden played a main role in creating this precarious situation with his campaign promise to “end fossil fuels.” This started with an executive order on Inauguration Day halting the Keystone XL pipeline, and it has continued with Mr. Biden essentially halting federal oil and gas leases. According to the Journal’s Sept. 4 analysis, this administration has leased fewer acres than any other administration since the end of World War II.

$200 Diesel Puts Biden in an Ugly Corner

https://www.washingtonpost.com/busin...b19_story.html

What do Joe Biden and Harry S. Truman have in common? Both presidents ran the US when American stockpiles of distillate fuel were exceptionally low. Currently, the US has just 106 million barrels of diesel and heating oil in commercial stocks; the last time inventories were that low in mid-October was in 1951, when Truman was in the White House. Typically, inventories should be 30% higher this time of the year.

Such low levels are alarming because diesel is the workhorse of the global economy. It powers trucks and vans, excavators, freight trains and ships. A shortage would mean higher costs for everything from trucking to farming to construction.

The diesel crisis leaves the Biden administration facing very difficult choices. If he leaves the market alone, prices are likely to rise further before they drop; if he intervenes, either setting up minimum inventory levels or restricting exports, price increases will likely be felt elsewhere into the world. Either route will have big implications for inflation at home and for energy security in Latin America and Europe.


MSNBC Host Admits Biden Is Draining Oil Reserve to Help Democrats Win

MSNBC host Chris Hayes and Pennsylvania GOP senator Pat Toomey agree: President Biden is draining the strategic petroleum reserve to help Democrats win the midterm elections:

If a Republican president were endangering national security to help GOP candidates win elections, Hayes would likely be calling for impeachment.


The Strategic Petroleum Reserve Is At Its Lowest Level Since 1984

Ultimately, drawing down the SPR was a political decision.

But even though the Biden Administration wants to address rising carbon emissions, high gasoline prices cause incumbents to lose elections. So, they try to tame gasoline prices even though it contradicts one of their key objectives of reducing carbon emissions.