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

[surada]

Joe Fibbed......behold my shocked face

OPEC : OPEC daily basket price stood at $75.19 a barrel Tuesday, 30 May 2023

 

[eagle1462010]

Biden was retarded to use it at all. It is for Emergencies only not his political ,HEY I LOWERED GAS PRICE 2 CENTS, policies.

 

[surada]

I realize that you would argue with a fence post, but you are simply wrong—and worse, you know you're wrong. Show us the increase in prices during the Trump administration.

Trump was grandstanding again. The Saudis cut production because of lack of market demand.

 

[surada]

The cult keeps telling us how cheap gas is.

SO BIDEN IS LYING WHEN HE SAYS GAS IS WAY TOO EXPENSIVE?

See how twisted you cult fucks are? Pretzel Logic.

YOU SAY GAS IS CHEAP. BIDEN SAYS IT IS TOO EXPENSIVE.

SO BIDEN IS MAGA?

You people are such dumb fucks….it is astonishing.

OPEC : OPEC daily basket price stood at $75.19 a barrel Tuesday, 30 May 2023

 

[surada]

The cult keeps telling us how cheap gas is.

SO BIDEN IS LYING WHEN HE SAYS GAS IS WAY TOO EXPENSIVE?

See how twisted you cult fucks are? Pretzel Logic.

YOU SAY GAS IS CHEAP. BIDEN SAYS IT IS TOO EXPENSIVE.

SO BIDEN IS MAGA?

You people are such dumb fucks….it is astonishing.

Historically, Crude Oil reached an all time high of 147.27 in July of 2008.

 

[jknowgood]

The price of gas did drop moron and we’re discussing the price of crude

You fucking idiot

Up 16 cents yesterday, in one day.

 

[BlindBoo]

40 years ago we were way more energy dependent than today. 20 years ago that dependence doubled under the GOP oilman GW Bush. Today we are energy independent and are coming ever closer to being oil independent as well.

U.S. Net Imports of Crude Oil and Petroleum Products (Thousand Barrels per Day)

Weekly U.S. Field Production of Crude Oil (Thousand Barrels per Day)

 

[BlindBoo]

In early December 2018, it was reported by Bloomberg that the US had turned into a net exporter of oil "last week"

We did not export more crude oil than we imported. We haven't for decades.

Weekly U.S. Net Imports of Crude Oil (Thousand Barrels per Day)

When you combine our exports of LNG and refined products we are more energy independent than ever. But we are still oil dependent.

U.S. Imports & Exports

 

[Weatherman2020]

It doesnt matter that this was an epicly stupid move. Democrats dont give a fuck about the economy.

Actually they do care.

Destroying it being the goal.

 

[Weatherman2020]

40 years ago we were way more energy dependent than today. 20 years ago that dependence doubled under the GOP oilman GW Bush. Today we are energy independent and are coming ever closer to being oil independent as well.

U.S. Net Imports of Crude Oil and Petroleum Products (Thousand Barrels per Day)

Weekly U.S. Field Production of Crude Oil (Thousand Barrels per Day)

God Bless frakers.

 

[BlindBoo]

God Bless frakers.

Techniques such as multilateral, horizontal and extended reach drilling (ERD) are enhanced oil recovery (EOR) methods that can increase the yield of a downhole dramatically. It’s possible for ERD specialists to drill for more than 10 kilometers/6.2 miles.

Directional Drilling: Everything You Ever Wanted To Know - Drillers

What is directional drilling? Directional drilling is a broad term used to describe any boring that doesn’t go in a straight line vertically down. In fact, even in a vertical well, it might be necessary to deviate to avoid a geological formation or a previous stuck pipe, then return to the...

drillers.com

The point is the SPR was more important when we were importing the majority of the crude oil we needed.

 

[ColonelAngus]

I do not want China to invade Taiwan, but if there was EVER a time to strike, it is now...after a huge natural disaster.

 

[Lesh]

I do not want China to invade Taiwan, but if there was EVER a time to strike, it is now...after a huge natural disaster.

The time to strike would be after we turn our backs on Ukraine

 

[Markle]

Trump was grandstanding again. The Saudis cut production because of lack of market demand.

Now you're backpedaling and acknowledging that Trump had nothing to do with the decision by the Saudis.

Why do you refuse to show us how that caused skyrocketing gas prices for American consumers during the Trump administration?

How is this "grandstanding"? If "grandstanding" causes reasonable prices, GIVE ME MORE GRANDSTANDING.

Grow up. You're wrong, face it!

 

[Markle]

Historically, Crude Oil reached an all time high of 147.27 in July of 2008.

 

[Lesh]

Now you're backpedaling and acknowledging that Trump had nothing to do with the decision by the Saudis.

Why do you refuse to show us how that caused skyrocketing gas prices for American consumers during the Trump administration?

How is this "grandstanding"? If "grandstanding" causes reasonable prices, GIVE ME MORE GRANDSTANDING.

Grow up. You're wrong, face it!

It’s a fact that SA and Russia were pumping out oil at lower and lower prices at the beginning of the pandemic.

It’s also a fact that Trump asked SA to cut production to boost prices

Did it cause “skyrocketing prices”? No one said it did but it DID drive prices up

 

[surada]

It’s a fact that SA and Russia were pumping out oil at lower and lower prices at the beginning of the pandemic.

It’s also a fact that Trump asked SA to cut production to boost prices

Did it cause “skyrocketing prices”? No one said it did but it DID drive prices up

Trump was grandstanding. Saudi Arabia has decades of experience in watching the market demand. They had already cut production before the sloppy moron began pontificating.

 

[Markle]

It’s a fact that SA and Russia were pumping out oil at lower and lower prices at the beginning of the pandemic.

It’s also a fact that Trump asked SA to cut production to boost prices

Did it cause “skyrocketing prices”? No one said it did but it DID drive prices up

You'd take a sharp stick in the eye before admitting you posted anything wrong. How does drawing out your...error serve you well?

 

[DigitalDrifter]

Gee Joe, wish Americans could simply "cancel" their plans to fill their tanks.
I guess in Joe's world, it's not important to have what would be a very critical piece of infrastructure due to war and or other emergencies.

The Biden administration has abruptly canceled a plan announced last month to purchase up to three million barrels of oil as part of its effort to refill the Strategic Petroleum Reserve (SPR).

The SPR – which Congress established for emergency situations – currently contains 363.6 million barrels of oil, a 43% decline from January 2021 when President Biden took office, federal data shows. Biden began depleting the reserve in late 2021 to combat high fuel prices.

MSN

 

[JoeB131]

Refilling it now (when we don't need to) would just drive up the price.

Again, another case of making a solid decision.