- Thread starter
- #21
There were 9 million threads about the strategic reserve. I’m getting ready to hit a few of them up based their dire predictions that didn’t come true.
This is one thread about the smart business plan by Biden.
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1944Why do you hate $3.6B in profit Biden is squeaking out?
If I loaned you my car I paid $40k for and you sold it for$96k and then bought another for $76k and gave it back to me you’d have $20k in profit even though I paid less originally. Duh.What profit?
the SPC was created in 1944
Are you claiming oil was $96 a barrel then?
It was increased during the embargo of the 70s.
Are you claiming oil was $96 a barrel then?
History of the Strategic Petroleum Reserve
The Strategic Petroleum Reserve or SPR is an emergency stockpile of oil located in salt caverns in Texas and Louisiana Gulf Coasts. Learn more abou...www.energy.gov
If I loaned you my car I paid $40k for and you sold it for$96k and then bought another for $76k and gave it back to me you’d have $20k in profit even though I paid less originally. Duh.
Please tell me that you're not serious and just trolling?If I loaned you my car I paid $40k for and you sold it for$96k and then bought another for $76k and gave it back to me you’d have $20k in profit even though I paid less originally. Duh.
Too bad we sent that money and way more to NATO and Ukraine.Math on this is selling at $96 and buying at $76 is $3.6B profit! Profit is king.
At first you have 180 million barrels of oil.Please tell me that you're not serious and just trolling?
Even a 12 year old kid would know the guy lost $36k replacing your car.
At first you have 180 million barrels of oil.Average price paid for oil in the strategic reserve in December of 2007
was - $29.70 per barrel
Liberal loon's that think bozo Biden made a profit when refilling the reserve, seriously need to take an elementary level class in basic business economics. ...
At first you have 180 million barrels of oil.Too bad we sent that money and way more to NATO and Ukraine.
That does not address the issue of having a war monger in the White House.At first you have 180 million barrels of oil.
Then you have 180 million barrels of oil plus $3.6B.
Start a thread on that. This thread is about the great business mind of Biden.That does not address the issue of having a war monger in the White House.
You mean this Thread is Satire.Start a thread on that. This thread is about the great business mind of Biden.
Yeah, great business mind. Using your son and brother to sell influence to our enemies.Start a thread on that. This thread is about the great business mind of Biden.
Regardless of what happens to the price of oil, it was a terrible thing to do. It is the STRATEGIC OIL RESERVE, not the "try to cover up my gross energy failure" reserve.What happens to the price of oil in the coming months will determine whether or not Biden has made a good deal. Most savvy investors wait for a bottom before they buy. With recession predicted it might be prudent to wait a while before committing to a price now (although the SPR will likely be filled incrementally over time).
What's done is done. Thankfully we're now going to recover the SPR.Regardless of what happens to the price of oil, it was a terrible thing to do. It is the STRATEGIC OIL RESERVE, not the "try to cover up my gross energy failure" reserve.