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Started By
Message
Posted on 5/13/26 at 12:47 pm to wareagle7298
quote:
Why it wasn't reloaded while the prices were down I'm not sure.
Because the dems voted to prevent Trump from doing it
Posted on 5/13/26 at 12:50 pm to Timeoday
quote:
POTUS Trump is simply selling high for he knows the oil price is about to plummet.
I agree, he knows something is about to change if he’s going to sell off high.
Posted on 5/13/26 at 1:05 pm to jp4lsu
TBH, these drawdowns are exactly what the reserves were created for after the Agreement on International Energy in 1975.
Posted on 5/15/26 at 10:01 am to ragincajun03
quote:
What was the price of oil when the Biden Administration did the big SPR sale?
Roughly the same. Buying low and selling high is a pretty basic economic concept. It is more surprising that someone in the Biden admin thought about something other than transjingus.
But if you are trying to compare, the HUGE difference is that Trump took control of oil form Iran and Venezuela, who sell the majority of their oil to China.
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