Biden To Sell 1 Million Barrels Of Reserve Gasoline

[OldFlame]

Well, I'm not a scared little pussy like you, so I'm not too concerned.

You're only a scared little pussy when you think Trump's going to take away your democracy.

 

[OldFlame]

Yes. The price of gas.

If you aren't smart enough to debate me, then don't.

The price of gas??? You're really displaying what a simpleton you are in this thread, congrats!

 

[BluesLegend]

Do you think its wise to spend the rainy day emergency fund on a vacation to hawaii?

Thats essentially what biden is doing

This emergency reserve is to cover disruptions to supply in the event of a hurricane...naturally idiot Joe is going to burn the fuel BEFORE the hurricane season.

 

[Doc7505]

This drop in the bucket release\sale is gasoline. Gasoline has a short shelf life and the reserves are small and they're rotated regularly. We use over 9 million barrels a day in gasoline.

The SPR is being refilled at a lower price than it was sold.

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/050724-us-doe-solicits-33-million-barrels-of-crude-for-spr-in-resumption-of-refill-strategy

~~~~~~
Ever hear about LIFO vs FIFO? It's an inventory stock method.
See:

FIFO vs. LIFO: How to Pick an Inventory Valuation Method - NerdWallet

Wondering about FIFO vs LIFO? Learn about the two inventory valuation methods and which one is best for you.

www.nerdwallet.com

 

[BluesLegend]

Sorry Dems no election year gimmick is going to save idiot Joe. After people buy gas they will go into the grocery store and about a dozen FJB's will ensue.

 

[BlindBoo]

More micromanaging the economy in ways that will help very little if at all but puts the U.S. at higher risk if there is a disruption in the oil supply when we NEED that oil for national emergencies which is what it is for.

When Biden released 50 million barrels of SPR oil in November 2021 it did temporarily, but only temporarily, reduce the cost of gasoline by a few cents. But we were already short on oil then as we had not yet recovered from the 2020 shutdowns. Now that production is higher it isn't an oil shortage but a shortage in refining capacity that is the problem and Biden policies have exacerbated that. Refineries have closed at a record pace since he took office and no refineries have expanded or plan to expand refining capacity due to his intentions of eliminating fossil fuels. There is no incentive to make that kind of massive investment most especially when government regulations make it so expensive to do.

As for that 1 million barrels of SPR oil? Insignificant. U.S. refineries process 17+ million barrels of oil every day. So it is pure theater. Political propaganda that unfortunately the left will applaud as noble and appropriate.

None of the oil Biden has depleted so far has been replaced. Trump replenished most of the deficit in the SPR after Obama had depleted a lot of it during his term of office.

Replenishment nearly complete​

Despite the brief refill pause in April, DOE has nearly followed through on its commitment to return all 180 million barrels it sold in 2022. Besides the direct purchases, the agency is no longer required to sell more than 140 million barrels of crude through 2027 that would have been congressionally mandated prior to a 2022 legislative fix that eliminated SPR sales unrelated to supply disruptions.

"The US SPR has added 12.5 million barrels since the beginning of 2024, and an additional 18.4 million barrels are anticipated to be refilled by October 31, 2024,"

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/050724-us-doe-solicits-33-million-barrels-of-crude-for-spr-in-resumption-of-refill-strategy

The OP is about Gasoline.

 

[BluesLegend]

Breaking: Biden to call out the national guard to distribute free eggs and milk.

 

[Foxfyre]

So many triggered snowflakes melting down because Joe Biden is doing exactly what they would cheer Trump for doing.

Trump replenished the SPR. He didn't draw it down for political theater.

 

[Mac-7]

And Trump/Saudis are gambling with the US economy for partisan politics. Gas prices are way out of whack with the price of a barrel of oil.

Trump is not to blame

Biden picked a fight with the Saudi’s

 

[Mac-7]

When was the last time we needed our reserve gas supply?

1940s?

Thats like a biden voter saying “I’ve paid home insurance for 30 years and never filed a claim”

“So why do I need insurance?”

 

[Synthaholic]

Dumbass MAGA motherfuckers.

 

[Synthaholic]

You dumbass USMB MAGA motherfuckers: do you know that gasoline has a shelf life?

 

[Synthaholic]

No surprise that Hollie was so easily duped by her propaganda sources.

 

[Synthaholic]

Dumbass Hollie

 

[frigidweirdo]

Biden is going full panic mode as his poll numbers are crashing. There's real desperation as Biden has upped his vote buying strategy. Dumping student debt on the public will be accompanied by dumping more of the strategic petroleum reserves.

Biden's vote buying strategy to again rape the reserve means that the US is more vulnerable and ultimately, $Billions of dollars will eventually be needed to restore the reserves Biden is using as a campaign finance reserve.

Biden To Sell 1 Million Barrels Of Reserve Gasoline

The Biden Administration has announced that it will sell 1 million barrels of gasoline that was being held in case of emergencies in an effort "to keep gas prices low" over the summer, a spokesperson claimed.

www.oann.com

6:01 PM – Tuesday, May 21, 2024

The Biden Administration has announced that it will sell 1 million barrels of gasoline that was being held in case of emergencies, in an effort “to keep gas prices low” over the summer, a spokesperson claimed.

Isn't that just what happens ALL THE TIME?

Literally Trump said he's open to anyone giving him money and he'll do whatever they want in return.

I think a BJ is like $2,000 and he says it'll be at least half as good as a Stormy Daniels' one.

 

[g5000]

Biden is going full panic mode as his poll numbers are crashing. There's real desperation as Biden has upped his vote buying strategy. Dumping student debt on the public will be accompanied by dumping more of the strategic petroleum reserves.

Biden's vote buying strategy to again rape the reserve means that the US is more vulnerable and ultimately, $Billions of dollars will eventually be needed to restore the reserves Biden is using as a campaign finance reserve.

Biden To Sell 1 Million Barrels Of Reserve Gasoline

The Biden Administration has announced that it will sell 1 million barrels of gasoline that was being held in case of emergencies in an effort "to keep gas prices low" over the summer, a spokesperson claimed.

www.oann.com

6:01 PM – Tuesday, May 21, 2024

The Biden Administration has announced that it will sell 1 million barrels of gasoline that was being held in case of emergencies, in an effort “to keep gas prices low” over the summer, a spokesperson claimed.

One America News.

Jesus H. Christ.

Guess how many barrels of gasoline a day we use.

Go head. Guess. Without looking it up.

 

[Hollie]

One America News.

Jesus H. Christ.

Guess how many barrels of gasoline a day we use.

Go head. Guess. Without looking it up.

I know, right?

g5000

Jesus H. Biden.

No one in the politburo of your senile god knows how many gallons of gas per day this country uses.

You should look it up and send an email to Granholm.

Just another cheap, pointless attempt at vote buying by ole’ Stumblebum.

 

[Hollie]

Isn't that just what happens ALL THE TIME?

Literally Trump said he's open to anyone giving him money and he'll do whatever they want in return.

I think a BJ is like $2,000 and he says it'll be at least half as good as a Stormy Daniels' one.

You Trump humpers are a desperate lot.

 

[g5000]

I know, right?

g5000

Jesus H. Biden.

No one in the politburo of your senile god knows how many gallons of gas per day this country uses.

You should look it up and send an email to Granholm.

Just another cheap, pointless attempt at vote buying by ole’ Stumblebum.

You poor ignorant thing.

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

In 2023, U.S. finished motor gasoline consumption averaged about 8.94 million barrels per day or about 376 million gallons per day. (There are 42 U.S. gallons in a barrel). The record-high level of finished motor gasoline consumption was about 392 million gallons per day in 2018.


Biden is selling about two hours of gas for the 4th of July weekend.

And this is a threat to Merka...how, exactly, kid? Please explain.

This should be fun.

 

[Hollie]

Dumbass Hollie

View attachment 951317

Dumbass Biden groupie.

It never happened.

7 year old tweets?

Sit in the corner and be silent.