BREAKING: After Draining Strategic Petroleum Reserve to Lowest Level in 40 Years, Biden CANCELS Plan to Refill it Because Oil is “Way Too Expensive”

[Hollie]

Where to start.

The US military gets zero oil from the Reserves. Know why?

IT IS CRUDE OIL MORON

Biden has restocked over 35 million barrels since the sell off and did so around the$70/bbl price he earmarked

Oil is currently in the low 80s

More will be bought as the Biden Admin catches the price valleys

Oh and the oil sold was sold when the price was in the $90 range

Of course Republicans hate making money

Biden dumped more that 40% of the reserves for no reason other than to buy votes.

The reserves were never intended to be used as a disposable commodity.

Of course, Dems / Socialists hate being held accountable.

 

[Hollie]

Thread summary: Trump cultists are economic dumbassses.

The concept of "Sell high, buy low" confounds them.

Why isn't Biden buying low at this time to replenish the reserves?

 

[Harpy Eagle]

The cult mindlessly adheres to the talking point s and orthodoxy

 

[iku]

Hey where is the squad that was cheering when Biden released the strategic reserve?
Oh, he released it all right, sold it to China, CHICOMJOE

 

[Nostra]

Where to start.

The US military gets zero oil from the Reserves. Know why?

IT IS CRUDE OIL MORON

Biden has restocked over 35 million barrels since the sell off and did so around the$70/bbl price he earmarked

Oil is currently in the low 80s

More will be bought as the Biden Admin catches the price valleys

Oh and the oil sold was sold when the price was in the $90 range

Of course Republicans hate making money

Who do you think would get it in an EMERGENCY you fucking moron?

Why do you think it is there……or was there?

 

[BluesLegend]

Pathetic Biden needs Trump's help to get the price of oil down so we can restore the 43% of the SPR Biden wasted trying to buy votes.

 

[BluesLegend]

What is this the stupid Biden decision #799 thus far? American people angry over sky high gas prices. Biden empties the SPR to temporarily lower prices and calm down voters...now the gas prices are jacked up sky high again and the SPR is half empty. Oil so expensive Biden can't refill the SPR.

Biden, the dumbest president ever!

 

[Libby von H]

“It’s pure insanity to watch the Biden Administration cut American oil production and then claim they can’t refill our critical reserve because of the price,” Daniel Turner, founder and executive director for Power The Future, said in a statement. “Joe Biden drained the SPR for political reasons, cut our domestic production for his climate agenda and now he’s leaving our critical reserve more vulnerable because he’s incompetent.
The Biden administration has increased regulatory pushback for oil domestic production while raising ongoing concerns about climate change.
The Biden administration’s war on U.S. energy is crippling hardworking Americans and has led to our Strategic Petroleum Reserves being at their lowest levels since the 1980s,” U.S. Rep. Mike Collins, R-Ga., wrote on X.
Remember Biden has guaranteed to get rid of fossil fuels, i.e. gasoline!
"I guarantee We Are Going To Get Rid of Fossil Fuels” September 06, 2019, 5:49 PM Biden..

Which Presidents Filled And Depleted The Strategic Petroleum Reserve?​

At present, it stands at 347 million barrels, the lowest level since August 1983.
During President Obama’s first term, the SPR was depleted by 7 million barrels. But from its peak the SPR was reduced by more than 30 million barrels by the end of Obama’s first term.

President Joe Biden inherited an SPR at 638 million barrels. However, first in response to rising gasoline prices, and then as a result of Russia’s invasion of Ukraine, President Biden announced the most aggressive SPR drawdown in history.
During his first two years in office, the SPR was drawn down by 266 million barrels.
So far in 2023, another 25 million barrels have been sold from the SPR.

Add it all up, and
Democrats after Carter drew the SPR down by 306 million barrels,
and Republicans increased the SPR by 571 billion barrels.

Biden cancels replenishment of strategic oil reserves

(The Center Square) – The Biden administration will pause its replenishment of the nation’s Strategic Petroleum Reserves because oil has become too expensive, the White House said.

www.benningtonbanner.com

View attachment 926703

A fool, okay , a fool. It is only laziness that explains why this sub-sub-par 50 year clod (bottom 10 of law class) is allowed in Washington.Even people close to him admit he is lazy, he is stupid.

 

[EvilCat Breath]

President Trump cannot take office soon enough.

 

[Hollie]

Where to start.

The US military gets zero oil from the Reserves. Know why?

IT IS CRUDE OIL MORON

Biden has restocked over 35 million barrels since the sell off and did so around the$70/bbl price he earmarked

Oil is currently in the low 80s

More will be bought as the Biden Admin catches the price valleys

Oh and the oil sold was sold when the price was in the $90 range

Of course Republicans hate making money

The US military actually would get oil from the reserves. Know why?

In case of national emergency, oil from the reserves would be allocated to US refiners for processing into gas and diesel.

 

[Augustine_]

“It’s pure insanity to watch the Biden Administration cut American oil production and then claim they can’t refill our critical reserve because of the price,”

The triumphant USA is now producing more oil and gas than any nation ever has

We and our friends have no need to truckle to the Kremlin or Saudi Arabia

www.telegraph.co.uk

 

[EvilCat Breath]

The triumphant USA is now producing more oil and gas than any nation ever has

We and our friends have no need to truckle to the Kremlin or Saudi Arabia

www.telegraph.co.uk

And we still cannot replenish the reserves?

 

[Markle]

View attachment 926738

I wish you were 100% wrong. I lived in the best period in our country's history. I'm also so old that I'll be dead before we end up pledging allegiance to China.,

 

[JGalt]

 

[Lesh]

The US military actually would get oil from the reserves. Know why?

In case of national emergency, oil from the reserves would be allocated to US refiners for processing into gas and diesel.

And there hundreds of millions there for them

 

[Augustine_]

And we still cannot replenish the reserves?

We are energy independent under Biden so decision makers must have decided replenishing reserves when oil is expensive right now isn't worth it

 

[Markle]

Where to start.

The US military gets zero oil from the Reserves. Know why?

IT IS CRUDE OIL MORON

 

[Hollie]

And there hundreds of millions there for them

And that is much less than there should be. Biden had no emergency to justify selling national security asset. He did it for a political gain.

It was a sleazy tactic but sleaze defines the Dems / Socialists.

 

[22lcidw]

Where to start.

The US military gets zero oil from the Reserves. Know why?

IT IS CRUDE OIL MORON

Biden has restocked over 35 million barrels since the sell off and did so around the$70/bbl price he earmarked

Oil is currently in the low 80s

More will be bought as the Biden Admin catches the price valleys

Oh and the oil sold was sold when the price was in the $90 range

Of course Republicans hate making money

The DOJ is destroying people. Common peasants. And yet they do not investigate things like this.

 

[Lesh]

And that is much less than there should be. Biden had no emergency to justify selling national security asset. He did it for a political gain.

It was a sleazy tactic but sleaze defines the Dems / Socialists.

He did it to bring down the price of oil… which you fuckers were whining about if ya remember