Trump authorizes strategic reserve refill as oil prices drop

[White 6]

Really? How well did Biden do in his reelection bid? That's what it was about!

Biden was not in a campaign in the spring of 2022.

 

[White 6]

Diesel is still too high.
Something is artificially inflating the price of Diesel to keep it to nearly $4/gal.

That inflation started in 2004. Before then, diesel was cheaper than gasoline, as it was a less refined, cheaper to make product. Heck, it is still cheaper to make.

 

[Fort Fun Indiana]

Trump isn't letting the dem's shutdown stop him from serving America's best interests.

Remember when oil prices dropped to nothing in 2020, and Dems fought to prevent Trump from filling the reserve with practically free oil?

Pepperidge Farms remembers.

Trump Authorizes Strategic Reserve Refill as Oil Prices Dip

Progress is beginning to be made in the wake of falling crude oil prices. Plans are being made to purchase 1 million barrels for the SPR.



When President Donald Trump issued an executive order declaring a “national energy emergency,”’ he directed the Department of Energy (DOE) to prioritize refilling the SPR to its full capacity, which is approximately 714 million barrels.

At the time, the reserve held around 394 million barrels-about 55% of capacity-after historic drawdowns during the Biden administration. As a reminder, in April 2024, the Biden administration refused to purchase oil to refill its reserve.

First of all, the strategic reserve does not have a "capacity", outside of one arbitrarily set periodically by the government.

Second, the Biden administration faced ACTUAL crises, unlike the ones the fat rapist has invented out of thin air to ply his fantasies of sending military into cities.

Third, the price of oil is down in no small part because of speculation of a serious downturn in the US economy, itself credited to the embarrassingly bad economic policies of the rapist charity thief President.

 

[Admiral Rockwell Tory]

Biden was not in a campaign in the spring of 2022.

Midterms were not far off and he needed to stop oil from spiking.

 

[Fort Fun Indiana]

Midterms were not far off and he needed to stop oil from spiking.

Or, in what the rest of us call "reality", Russian invaded Ukraine.

 

[White 6]

Midterms were not far off and he needed to stop oil from spiking.

With Opec countries ( Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and Venezuela) severe cutbacks and Russian oil being sanction, in 2022, there was a worldwide politically created/sustained shortage, affecting us, and our allies. Biden was correct to not let that go unchallenged and using strategic reserves to keep the price from going further through the ceiling.

 

[Admiral Rockwell Tory]

With Opec countries ( Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and Venezuela) severe cutbacks and Russian oil being sanction, in 2022, there was a worldwide politicallyWhat about the cuts i. Domestic production that is to created/sustained shortage, affecting us, and our allies. Biden was correct to not let that go unchallenged and using strategic reserves to keep the price from going further through the ceiling.

What about deceased domestic production caused by Biden's policies after he took office? Did you forget all of that? Your apology tour needs work.

 

[Fort Fun Indiana]

What about deceased domestic production caused by Biden's policies after he took office?

In what the rest of us call "reality", this didn't happen, and records were set for oil production, during Bidens term.

 

[White 6]

What about deceased domestic production caused by Biden's policies after he took office? Did you forget all of that? Your apology tour needs work.

You mean this chart showing steady growth under Biden after the crash under trump?

Or maybe this?

 

[toobfreak]

Remember when oil prices dropped to nothing in 2020, and Dems fought to prevent Trump from filling the reserve with practically free oil? At the time, the reserve held around 394 million barrels-about 55% of capacity-after historic drawdowns during the Biden administration. As a reminder, in April 2024, the Biden administration refused to purchase oil to refill its reserve.

The money to refill our reserves ought to be taken out of Joe Biden's pocket.

I would sell off every bit of real estate, property, and bank accounts registered to the Biden family to help pay off Joe's oil debt. He refused to refill the oil he blew away just in order to placate his crazy, environmentalist whackjob leftist base.

 

[White 6]

The money to refill our reserves ought to be taken out of Joe Biden's pocket.

I would sell off every bit of real estate, property, and bank accounts registered to the Biden family to help pay off Joe's oil debt. He refused to refill the oil he blew away just in order to placate his crazy, environmentalist whackjob leftist base.

Illegal. What? You have not respect for law, anymore? You were overruled by the conservative packed Supreme Court. Do you still support the Supreme Court?

 

[Fort Fun Indiana]

The money to refill our reserves ought to be taken out of Joe Biden's pocket.

A bizarre sentiment, since releasing those reserves saved you money.

 

[Admiral Rockwell Tory]

You mean this chart showing steady growth under Biden after the crash under trump?
View attachment 1177346
View attachment 1177348
Or maybe this?
View attachment 1177350

Do you have the ability to read the printed word in English? Apparently not!
"
"the US produced more oil than ever in 2023, beating the previous record set in 2019."

Who was President in 2019?

The increased production was accomplished by the oil industry in spite of Biden shutting down the pipelines and closing ANWR. Biden was an unmitigated disaster when it came to energy.

You simply were not paying attention. That's all. Either that or you prefer to lie because of your TDS.

 

[White 6]

Do you have the ability to read the printed word in English? Apparently not!
"
"the US produced more oil than ever in 2023, beating the previous record set in 2019."

Who was President in 2019?

The increased production was accomplished by the oil industry in spite of Biden shutting down the pipelines and closing ANWR. Biden was an unmitigated disaster when it came to energy.

You simply were not paying attention. That's all. Either that or you prefer to lie because of your TDS.

You were not talking about 2019. You were talking negatively about Biden's actual oil policies, supposedly being bad for the oil industry production, but even you point to the record production of 2023, under the Biden Administration. You should pay attention. When production goes up, and profits go up and crude prices start to decline in May of 2022, immediately after the Biden oil sale to help stabilize prices (that had sky rocketed due to most of the other oil producing countries cutting back, that is decidedly a good thing. I do not see you posting any production charts or financial, refuting that, only your little feelings.

Where is your data to indicate you have the slightest clue?

 

[Admiral Rockwell Tory]

You were not talking about 2019. You were talking negatively about Biden's actual oil policies, supposedly being bad for the oil industry production, but even you point to the record production of 2023, under the Biden Administration. You should pay attention. When production goes up, and profits go up and crude prices start to decline in May of 2022, immediately after the Biden oil sale to help stabilize prices (that had sky rocketed due to most of the other oil producing countries cutting back, that is decidedly a good thing. I do not see you posting any production charts or financial, refuting that, only your little feelings.

Where is your data to indicate you have the slightest clue?

That is not what the SPR is for! Stabilizing prices is not its purpose in any way shape or form. Where is your chart showing the levels on the SPR over the years?

 

[White 6]

That is not what the SPR is for! Stabilizing prices is not its purpose in any way shape or form. Where is your chart showing the levels on the SPR over the years?

You are wrong, according to the United States Department of Energy.

Reducting the impact of disruptions is exacty stablizing prices caused by disruption, which is exactly what we had.

Strategic Petroleum Reserve

Strategic Petroleum Reserve

www.energy.gov

 

[Fort Fun Indiana]

The increased production was accomplished by the oil industry in spite of Biden shutting down the pipelines and closing ANWR.

I want you to read that aloud to yourself a few times.

Do you understand that"s not quite the criticism of those actions that you seem to think it is?

Do you understand how you just made the argument for why those acts would not and did not harm the market and therefore weren't disasters or catastrophes?

 

[Admiral Rockwell Tory]

You are wrong, according to the United States Department of Energy.
View attachment 1177361
Reducting the impact of disruptions is exacty stablizing prices caused by disruption, which is exactly what we had.

Strategic Petroleum Reserve

Strategic Petroleum Reserve

www.energy.gov

There was no disruption in the oil supply caused by warfare. The word is STRATEGIC. If you actually knew what words meant, it might keep you from making an ass out of yourself.

Where is your chart? When were the withdrawals?

What was your MOS? You come across as a Cat IV 11B that was the company's barracks floor maintenance tech.

 

[White 6]

There was no disruption in the oil supply caused by warfare. The word is STRATEGIC. If you actually knew what words meant, it might keep you from making an ass out of yourself.

Where is your chart? When were the withdrawals?

What was your MOS? You come across as a Cat IV 11B that was the company's barracks floor maintenance tech.

Did you fail reading. There is nothing mentioned, that it had to be due to war.
Here it is straight from the first paragraph on Department of Energy website, I gave you the link to, except this has large print for the old.
The Strategic Petroleum Reserve (SPR), the world's largest supply of emergency crude oil was established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program.

Strategic Petroleum Reserve

Strategic Petroleum Reserve

www.energy.gov

 

[Admiral Rockwell Tory]

Did you fail reading. There is nothing mentioned, that it had to be due to war.
Here it is straight from the first paragraph on Department of Energy website, I gave you the link to, except this has large print for the old.
The Strategic Petroleum Reserve (SPR), the world's largest supply of emergency crude oil was established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program.

Strategic Petroleum Reserve

Strategic Petroleum Reserve

www.energy.gov

What was the GD emergency?