re: Strategic Petroleum Reserve - Scary

Was used politically too at a time when supply was low and price was high. Due to current admin desire to go green

All part of the plan to weaken the USA

SELL our energy security blanket CHEAP

then FORCE American tax payers to buy Inflated Prices to

INCREASE INFLATION exponentially overnight

In their Ambitions to Bankrupt this country as fast as possible.

After all, Middle America, Gun Toters are the last stand for their Global takeover!

People that cannot see this, you shouldn’t be able to vote & you should consider moving to Utopia, wherever that may be!

When the shite hits the fan, you Simps will curl up in a fetal position looking for your “safe space” like the little punks that you are.

anyone supporting these evil pricks in DC, go frick yourself sideways

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for one, its not supposed to be used to sell for profit.

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It wasn’t sold to make a profit. The poster wwtodd is claiming the admin lost $. I’m simply pointing out the oil was sold in a high $ environment to dampen prices and can now be bought back at a lower $. That’s just the facts.

Does anyone on here actually know the amount we have in reserves? If we aren't sure, then why bring this up?

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Because before the current administration screwed the energy for this country.

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2nd highest production year in US history. Rig fleet up about 225 rigs yoy.

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The SPR is a joke that Presidents use for political stunts.

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It's creation was a very good idea. It was meant for this:

Saudi Arabia: 'Do as we say about Israel or we'll cut off your oil like we did before.'

US: 'We have an SPR now. We have enough oil for a year. Can you do without American cash payments for a year?'

Saudi Arabia: 'Never mind. Have a nice day.'

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Prices only went high because we stopped buying

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That’s not how it works.

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When the worlds largest user stops buying,

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Prices collapse, then:

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production goes down

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When that demand returns:

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prices come up

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back up.

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And again, currently prices are lower at pimp because suspended gas tax.

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Lower oil prices due to dampened demand and China Covid 0 and US prod is second highest year in history.

No, he doesn’t

You think the govt is going to tell the world what the actual levels are? Everyone is going of the fact he drained it and said he was going to.

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Somehow oil prices are plummeting though even with this increased demand and global turmoil

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Because the Biden administration is dumping SPR onto the US market to artificially lower prices.

I kind of low key wish he'd release some of the Milk, Eggs and beef strategic reserves to low those prices too.