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LuckyTiger
Minnesota Fan
Someone's Alter
Member since Dec 2008
37966 posts
 Online 

We Will Have Burned Through Almost Half Of Our Strategic Petroleum Reserve By October 31

On Bloomberg just now.

We did have almost 630M barrels in the caverns in Louisiana and Texas.

By October’s end, it is estimated to have around 350M barrels.

We’ve been blowing through 1M barrels a day since May.


The Pirate King
USA Fan
Pangu
Member since May 2014
48870 posts

Biden is trying to artificially lower gas prices to save his own arse knowing full well that replacing it will come at an exorbitant cost.


Codythetiger
LSU Fan
Arkansas
Member since Nov 2006
24941 posts

The oil isn't even going here. We are shipping that shite over seas. frick aggiehank pedophile self


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540
GREENHEAD22
LSU Fan
Member since Nov 2009
17637 posts

What's the timeline on when it has to be replaced?



CajunTiger92
LSU Fan
Member since Dec 2007
2652 posts

Biden lines to talk about how it is a time of war. Well during a time of war, he is using a strategic asset, created to ensure supplies in case of disruption, to try and help the Democrats hold on to more seats Congress. Like all of his efforts, this one will fail as well. For all his efforts we’ll have higher prices and a lot less oil in reserves.


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151
LuckyTiger
Minnesota Fan
Someone's Alter
Member since Dec 2008
37966 posts
 Online 

Not sure.

Also not sure if the rules matter anymore.


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thetempleowl
Temple Fan
dallas, tx
Member since Jul 2008
14379 posts

This is amazing. What the frick is he doing?

This president is amazingly bad.

This idea alone is so remarkably bad.

And there is no press.

He limits domestic production. Wants to buy oil from despots. And then weakens or country by releasing oil reserves to limit the raise in price of oil that goods policies are causing.

We could see a drop in oil prices by 1.50 a gallon in six month if he would allow drilling, relax policies, and say we are going to be using oil for at least the next 20 years, which regardless of anything we will.

But instead we have this imbecile.


Bass Tiger
USA Fan
Member since Oct 2014
34215 posts

How messed up is the illegitimate regime? They believe the answer to lowering high gasoline/diesel prices is to drain the SPR and begging the Saudis to produce more oil, They believe the answer to rising electricity costs is more solar panels and windmills.

We have ample domestic reserves of O&G to meet the needs of the American people for at least 50 years and some estimates are over 100 years. There’s no reason the US should be in this inflationary spiral being fueled by high energy prices…..it’s all due to the gross incompetence of this installed regime.


The Levee
LSU Fan
Bat Country
Member since Feb 2006
9084 posts
 Online 

China waiting till we burn though most of it to attack.


Taxing Authority
LSU Fan
Houston
Member since Feb 2010
50819 posts

Talk about a stupid strategy. Better hope we don’t have an actual strategic need. Biden has put us at greater risk to help his pathetic popularity. Dangerous times.


Taxing Authority
LSU Fan
Houston
Member since Feb 2010
50819 posts

quote:

begging the Saudis to produce more oil, They believe the answer to rising electricity costs is more solar panels
That idiot Jenifer Granho was touting most solar panels was out path to energy independence. Where does she think solar panels come from? Virtually none are manufactured in the US.


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Bass Tiger
USA Fan
Member since Oct 2014
34215 posts

quote:

Talk about a stupid strategy. Better hope we don’t have an actual strategic need. Biden has put us at greater risk to help his pathetic popularity. Dangerous times.


Someone should explain to the Biden brain trust it’s called “strategic” petroleum reserves for a reason……that stored oil is not a solution to idiotic energy policy.


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80
Lawyered
Ole Miss Fan
The Sip
Member since Oct 2016
20590 posts

Seems like a bad strategy to burn through the reserves and also stop drilling to not replenish the reserves

But what do I know ?


Bass Tiger
USA Fan
Member since Oct 2014
34215 posts

quote:

Seems like a bad strategy to burn through the reserves and also stop drilling to not replenish the reserves

But what do I know ?



You’re obviously not qualified to hold high political office, too much common sense….lol!


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Zach
LSU Fan
Gizmonic Institute
Member since May 2005
107369 posts

quote:

They believe the answer to lowering high gasoline/diesel prices is to drain the SPR and begging the Saudis to produce more oil,


This is the huge irony. The reason the SPR was created was to prevent the Arab embargo we went through. It goes like this:

Saudi Arabia: 'Hey, US, stop all support of Israel or we'll cut off your oil.'
US: 'No way.'
SA cuts off our oil and we suffer bigly. Later on...
US: 'OK, we've got an SPR now, you can shut off our oil and it won't hurt.'
SA: 'Uh, you don't have an SPR anymore, morons.'


Lawyered
Ole Miss Fan
The Sip
Member since Oct 2016
20590 posts

We are gonna bankrupt big oil in America

Gotta save the planet from climate change. It’s the only way

Oil prices skyrocket

Biden begs the Saudi’s to start making more oil

Kills oil/gas jobs in America for no reason

Not saving the planet

Pumping more money to saudis instead of keeping some money internally in the USA




TeaParty
Member since May 2022
345 posts

I am almost certain we will buy imported oil at a higher price than oil that was used to refill our supply. OR we won't do anything and be a weaker nation.


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LongueCarabine
LSU Fan
Pointe Aux Pins, LA
Member since Jan 2011
7399 posts

quote:

Biden is trying to artificially lower gas prices to save his own arse knowing full well that replacing it will come at an exorbitant cost.


I’d like to know how it is that the President* can order this release. Seems to me only Congress has that authority.


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blueridgeTiger
LSU Fan
Granbury, TX
Member since Jun 2004
17354 posts

The Big Guy is jeopardizing national security for purely political purposes.


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BeerSlayer
Member since Jul 2021
95 posts

quote:

China waiting till we burn though most of it to attac


Exactly
Another part of the plan to completely destroy our country.


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