National Oil Reserve at 38 year Low

[DigitalDrifter]

The OP is correct, it is indeed smoke and mirrors.

 

[surada]

Biden is trying to win the election using smoke and mirrors to artificially lower gas prices, and is placing this nation in grave danger because of how he is doing it: He is depleting our oil reserve which exists for national emergency purposes.

The correct way to lower prices is to increase production and implement energy producer friendly policies. That's what Trump did and Trump made us an energy exporter, not importer, for the first time in decades. Trump's policies were perfect.

Biden's policies are disastrous, and his fake gas-price band-aid for the elections ae dangerous.

Strategic Petroleum Reserve Oil Stocks Declined Under Trump, Contrary to His Claim - FactCheck.org

The U.S. Strategic Petroleum Reserve was set up in the 1970s as an emergency source of oil in the event of unexpected supply disruptions. When Donald Trump took office as president in January 2017, the reserve held 695.1 million barrels of crude oil. The last full week before he left office in...

www.factcheck.org

 

[surada]

Neither did Hunter Biden, but that's beside the point. At least President Trump understood how to keep government off the backs of not only the oil and gas industry, but everything else as well. He cut more red tape and burdensome regulations than any other President in history. Can you imagine the level of prosperity this country would be going through right now, had he been in office these last two years?

I don't imagine that you can, so I'll repeat what you Democrat's poor political choices have caused you:

Gasoline that rose to twice the price it was during 2018, an inflation rate that rose as high as 9.1%, which was almost 5 times higher than it was in 2019, a recession, the average middle-class family coming up about $6,000 short of disposable income, hefty taxes coming for the lower and middle class, and retirement accounts losing $3 trillion dollars just over the last year. The price of oil jumping up to $130 per barrel, having to beg Saudi Arabia and Venezuela for oil while draining our own strategic reserves, sporadic shortages on the store shelves, supply line disruptions, a monumental trade imbalance with China, an exponentially- spiraling epidemic of violent crime and drugs, hundreds of migrants dying while crossing the border, more than enough fentanyl to kill everyone in the country, 4 million more illegals within only two two years, more COVID deaths than in 2020, a dishonorable withdrawal from Afghanistan that cost 13 American soldiers their lives, leaving billions of dollars worth of military equipment to the Taliban, a weakened, emasculated military, the IRS arming and training to be home invaders, using the DOJ and the FBI to harass political opponents by conducting covert raids on American citizens and confiscating personal property, Iran's nuclear program having enough nuclear material to build a bomb and conducting attacks on US citizens, a revitalized Russian oil industry, China becoming energy and militarily dominant, a war in Europe that has cost us billions of dollars and is draining our own supply of weapons, and a president who is trying to incite a civil war against half the country.

We bought more oil from Russia after Trump put sanctions against Venezuela.

Strategic Petroleum Reserve Oil Stocks Declined Under Trump, Contrary to His Claim - FactCheck.org

The U.S. Strategic Petroleum Reserve was set up in the 1970s as an emergency source of oil in the event of unexpected supply disruptions. When Donald Trump took office as president in January 2017, the reserve held 695.1 million barrels of crude oil. The last full week before he left office in...

www.factcheck.org

 

[JGalt]

If I were a superpower and enemy of the US, I'd be watching this carefully.



View attachment 696114

That should be terrifying. The current US oil consumption is around 20 million barrels per day. If the strategic oil reserves are at 350 million barrels, that would give us 17.5 days worth of oil, discounting any oil that would be added to the reserves.

 

[22lcidw]

Horse shit. The market doesn’t make massive responses to “announcements “.

It responds to actions. Like a million barrels of oil per day being introduced to the market and a reduction in demand because of high prices

Over and over, we have people like yourself and others who love interference from bureaucrats. And then when called up on it compare other things that the same has done looking positive in the past. No one told these yokels to do what they are.

 

[Nostra]

Trump knows nothing about the oil business.

He got us to energy independence and gave your Vegetable Messiah $2.35 gas.

 

[surada]

Biden is a govt hack who knows nothing about business. Under trump the nation wasn't experiencing strategic reserve depletion and 7 dollar a gallon oil. That happened under the current buffoon.

Strategic Petroleum Reserve Oil Stocks Declined Under Trump, Contrary to His Claim - FactCheck.org

The U.S. Strategic Petroleum Reserve was set up in the 1970s as an emergency source of oil in the event of unexpected supply disruptions. When Donald Trump took office as president in January 2017, the reserve held 695.1 million barrels of crude oil. The last full week before he left office in...

www.factcheck.org

 

[surada]

He got us to energy independence and gave your Vegetable Messiah $2.35 gas.

In 2020 there was no demand for oil.. and over 200 domestic oil producers declared bankruptcy.

Strategic Petroleum Reserve Oil Stocks Declined Under Trump, Contrary to His Claim - FactCheck.org

The U.S. Strategic Petroleum Reserve was set up in the 1970s as an emergency source of oil in the event of unexpected supply disruptions. When Donald Trump took office as president in January 2017, the reserve held 695.1 million barrels of crude oil. The last full week before he left office in...

www.factcheck.org

 

[Nostra]

In 2020 there was no demand for oil.. and over 200 domestic oil producers declared bankruptcy.

Strategic Petroleum Reserve Oil Stocks Declined Under Trump, Contrary to His Claim - FactCheck.org

The U.S. Strategic Petroleum Reserve was set up in the 1970s as an emergency source of oil in the event of unexpected supply disruptions. When Donald Trump took office as president in January 2017, the reserve held 695.1 million barrels of crude oil. The last full week before he left office in...

www.factcheck.org

So?

 

[surada]

So?

Trump never replaced it.

 

[JGalt]

Strategic Petroleum Reserve Oil Stocks Declined Under Trump, Contrary to His Claim - FactCheck.org

The U.S. Strategic Petroleum Reserve was set up in the 1970s as an emergency source of oil in the event of unexpected supply disruptions. When Donald Trump took office as president in January 2017, the reserve held 695.1 million barrels of crude oil. The last full week before he left office in...

www.factcheck.org

Do you have problems understanding charts? Would you like to sit in Daddy's lap while I explain them to you?

U.S. Ending Stocks of Crude Oil in SPR (Thousand Barrels)

 

[Nostra]

In 2020 there was no demand for oil.. and over 200 domestic oil producers declared bankruptcy.

Strategic Petroleum Reserve Oil Stocks Declined Under Trump, Contrary to His Claim - FactCheck.org

The U.S. Strategic Petroleum Reserve was set up in the 1970s as an emergency source of oil in the event of unexpected supply disruptions. When Donald Trump took office as president in January 2017, the reserve held 695.1 million barrels of crude oil. The last full week before he left office in...

www.factcheck.org

Black up your claim.

Bring us a link showing zero barrels of oil was used in 2020.

 

[B. Kidd]

That should be terrifying. The current US oil consumption is around 20 million barrels per day. If the strategic oil reserves are at 350 million barrels, that would give us 17.5 days worth of oil, discounting any oil that would be added to the reserves.

Numbers don't lie.

Les go Brandon!

 

[Nostra]

Trump never replaced it.

Once again all this Simp has to defend his Vegetable Messiah is ORANGE MAN BAD.

 

[surada]

Black up your claim.

Bring us a link showing zero barrels of oil was used in 2020.

No, Former President Trump Did Not Fill The Strategic Petroleum Reserve

President Biden announces an unprecedented release of oil from the nation's petroleum reserves, and President Trump responds with a baffling claim. Here's what you need to know.

www.forbes.com

 

[Nostra]

No, Former President Trump Did Not Fill The Strategic Petroleum Reserve

President Biden announces an unprecedented release of oil from the nation's petroleum reserves, and President Trump responds with a baffling claim. Here's what you need to know.

www.forbes.com

Try again, Simp.

 

[TheReaper]

Try again, Simp.

Surada has no clue

 

[surada]

No, Former President Trump Did Not Fill The Strategic Petroleum Reserve

President Biden announces an unprecedented release of oil from the nation's petroleum reserves, and President Trump responds with a baffling claim. Here's what you need to know.

www.forbes.com

Demand shrank world wide in 2020. At one point the ppb was negative.

Lowest crude oil prices due to COVID-19 2020 | Statista

On April 20th, 2020, the price of West Texas Intermediate crude oil slumped into negative for the first time in history, falling to negative 37.63 U.S.

www.statista.com

 

[surada]

Try again, Simp.

Lowest crude oil prices due to COVID-19 2020 | Statista

On April 20th, 2020, the price of West Texas Intermediate crude oil slumped into negative for the first time in history, falling to negative 37.63 U.S.

www.statista.com

 

[TheReaper]

The OP is correct, it is indeed smoke and mirrors.

Thank you sir.