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MSM lies again
Posted on 3/8/26 at 10:29 am
Posted on 3/8/26 at 10:29 am
Listened to an interview this morning and they were saying that gas prices are not rising because of any shortage or less oil on the market. The guy said it is strictly reactionary from fear. He also said that Trump has been refilling the reserves that Biden emptied out. They also discussed Russia and the India deal and said that they have not lowered the sanctions on Russia. They allowed refineries in India to take on some boats that had backed up in China and been sitting in Chinese ports waiting on the refineries there and that the sanctions will remain in place and this was a one time deal allowing India to make some money.
This post was edited on 3/8/26 at 10:30 am
Posted on 3/8/26 at 11:43 am to MikkUGA
quote:
He also said that Trump has been refilling the reserves that Biden emptied out.
Biden wanted to release 180 million barrels and Congress only let him release 40 million. By the end of 2024 we had added 59 million barrels. That means we added to the reserves and we have continued to add while the prices are lower.
When the prices get high sell some of the reserves and when the prices drop start buying back.
We sold 40 million barrels at around $95 a barrel and bought back at an average around $76
This post was edited on 3/8/26 at 11:48 am
Posted on 3/8/26 at 12:41 pm to MikkUGA
These MSM lies are diffe(r)ent though. We are fine with them now, gotta Make Fake News Great Again.
Posted on 3/8/26 at 12:45 pm to MikkUGA
Are you saying what you quoted is a lie?
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