Biden To Release Another 15M Barrels From SPR To Influence Midterms At Cost Of $825M Taxpayer Dollars

[CrusaderFrank]

Is the war in the Ukraine NOT a worldwide crisis? Was covid and the drop in oil production it lead to not a worldwide crisis??? What would you define as a worldwide crisis of sufficient proportion to justify using the emergency supply?

Apparently, Biden offered to buy the replacement oil from the Saudis, at a good price if the upped production, but the Saudis prefer to align themselves with Russia and Iran, instead of their longtime "ally". I'd be cutting off all foreign aid to the Saudis.

Biden is a worldwide crisis! Our longest and most reliable Allies: the Brits and the French, don't trust him

 

[B. Kidd]

White House announced another 15M barrels of oil from the strategic petroleum reserve.

This oil is intended to be used in times of national emergency such as an oil embargo, massive natural disaster, or world war.

Instead he is using it for political gain, to moderate the inevitable and forthcoming surge in gas prices at the pump caused by his deliberate war on fossil fuels and inept leadership to actually address the real long-term supply issues we Americans face.

Current price of oil is about $85/bbl [Link]

The oil he is releasing to the global markets was put in the SPR at an average price of $29.70/bbl [Link]

So this latest release will cost taxpayers about $825M.

He is putting America's security at great risk in an attempt to influence an election. Some would say this is an impeachable offense.

White House 'plans to release another 15 MILLION barrels of oil' from the US's emergency stockpile this week in a bid to balance markets and crack down on rocketing gas prices​

• President Biden is planning to release up to 15million barrels of oil from the United States' emergency oil reserves as he tries to stem soaring gasoline prices
• The oil release would be the latest portion of a deal Biden struck last spring to release 180million barrels of oil from energy companies
• Sources close to the White House said Biden is hoping the release of oil reserves will be able to drop national prices just in time for the midterms

White House to release 15 MILLION barrels of oil from stockpiles

President Biden is planning to release up to 15million barrels of oil from the United States' emergency oil reserves as he tries to stem soaring gasoline prices.

www.dailymail.co.uk

But Joey promised to save taxpayer's money on the refill at some future imaginary point.

 

[blackhawk]

The impact it has on the price of gas is minimal and everyone sees it for what is a short term stunt to try and win votes in the midterms. These type of things are not unique to Biden or the Democrats both sides engage in it when suits them.

 

[Papageorgio]

Well at least Biden isn't killing anybody to help his election chances, like Trump did. Covid denial and failure to act because he thought covid would hurt his election chances. A million dead and counting.

Al you ever have is but…but…but... Trump!

We need the SORs for a real emergency, not to help one party win an election over another. We are on the verge of a war and we are wasting reserves for what reason? For an election? I would have more respect for Biden if he would have just left it alone instead of using a high school type ploy.,

 

[DigitalDrifter]

100% politics. He's doing everything he can to keep as many voters fleeing from his party.
He's done nothing but demonize the fossil fuel industry, and now he's begging them to save his ass!

 

[22lcidw]

Is the war in the Ukraine NOT a worldwide crisis? Was covid and the drop in oil production it lead to not a worldwide crisis??? What would you define as a worldwide crisis of sufficient proportion to justify using the emergency supply?

Apparently, Biden offered to buy the replacement oil from the Saudis, at a good price if the upped production, but the Saudis prefer to align themselves with Russia and Iran, instead of their longtime "ally". I'd be cutting off all foreign aid to the Saudis.

Was Afghanistan a worldwide crisis? What the hell do you care about honkies? There is more to Ukraine than we know. When politicians from both parties showed up there it smelled. All of this white people are the devil shit and then there is love for war in Eastern Europe. How much have we spent so far? Putin will take his cut of the nation that has been part of the Russian sphere of influence for hundreds of years. We are giving away our birth rights to a globalized monster.

 

[surada]

White House announced another 15M barrels of oil from the strategic petroleum reserve.

This oil is intended to be used in times of national emergency such as an oil embargo, massive natural disaster, or world war.

Instead he is using it for political gain, to moderate the inevitable and forthcoming surge in gas prices at the pump caused by his deliberate war on fossil fuels and inept leadership to actually address the real long-term supply issues we Americans face.

Current price of oil is about $85/bbl [Link]

The oil he is releasing to the global markets was put in the SPR at an average price of $29.70/bbl [Link]

So this latest release will cost taxpayers about $825M.

He is putting America's security at great risk in an attempt to influence an election. Some would say this is an impeachable offense.

White House 'plans to release another 15 MILLION barrels of oil' from the US's emergency stockpile this week in a bid to balance markets and crack down on rocketing gas prices​

• President Biden is planning to release up to 15million barrels of oil from the United States' emergency oil reserves as he tries to stem soaring gasoline prices
• The oil release would be the latest portion of a deal Biden struck last spring to release 180million barrels of oil from energy companies
• Sources close to the White House said Biden is hoping the release of oil reserves will be able to drop national prices just in time for the midterms

White House to release 15 MILLION barrels of oil from stockpiles

President Biden is planning to release up to 15million barrels of oil from the United States' emergency oil reserves as he tries to stem soaring gasoline prices.

www.dailymail.co.uk

Xiden selling of American treasures for political gain…party before country, the demafasict way

Sold to the highest bidder.

 

[Jim H - VA USA]

Sold to the highest bidder.

That's not the purpose of the Strategic Petroleum Reserve.

 

[struth]

Sold to the highest bidder.

just so happens to be china all thr time…percent for the big guy

 

[Leweman]

That's not the purpose of the Strategic Petroleum Reserve.

Nor is trying to lower gas prices because of terrible energy policy.

 

[AntonToo]

White House announced another 15M barrels of oil from the strategic petroleum reserve.

This oil is intended to be used in times of national emergency such as an oil embargo, massive natural disaster, or world war.

Instead he is using it for political gain, to moderate the inevitable and forthcoming surge in gas prices at the pump caused by his deliberate war on fossil fuels and inept leadership to actually address the real long-term supply issues we Americans face.

Current price of oil is about $85/bbl [Link]

The oil he is releasing to the global markets was put in the SPR at an average price of $29.70/bbl [Link]

So this latest release will cost taxpayers about $825M.

He is putting America's security at great risk in an attempt to influence an election. Some would say this is an impeachable offense.

White House 'plans to release another 15 MILLION barrels of oil' from the US's emergency stockpile this week in a bid to balance markets and crack down on rocketing gas prices​

• President Biden is planning to release up to 15million barrels of oil from the United States' emergency oil reserves as he tries to stem soaring gasoline prices
• The oil release would be the latest portion of a deal Biden struck last spring to release 180million barrels of oil from energy companies
• Sources close to the White House said Biden is hoping the release of oil reserves will be able to drop national prices just in time for the midterms

White House to release 15 MILLION barrels of oil from stockpiles

President Biden is planning to release up to 15million barrels of oil from the United States' emergency oil reserves as he tries to stem soaring gasoline prices.

www.dailymail.co.uk

Can you even imagine buying low and selling high? That's crazy!

 

[Leweman]

Biden (democrats) are just terrible at this.

 

[CrusaderFrank]

Can you even imagine buying low and selling high? That's crazy!

10% for the Big Guy!

 

[Jim H - VA USA]

Can you even imagine buying low and selling high? That's crazy!

I believe you missed the point, which is sacrificing our national security in an attempt to influence an election, using national resources paid for by taxpayers for partisan purposes.

 

[AntonToo]

I believe you missed the point, which is sacrificing our national security in an attempt to influence an election, using national resources paid for by taxpayers for partisan purposes.

Tax payers paid $25 and got back $85, that's called PROFIT, not cost, last I checked.

 

[Papageorgio]

Tax payers paid $25 and got back $85, that's called PROFIT, not cost, last I checked.

Taking away from our reserves is a loss, we need to keep them high for a real emergency, not because the price is too high.