US to release 172 million barrels from Strategic Petroleum Reserve to try to bring down gas prices

[dudmuck]

 

[Dragonlady]

It's an every day occurance

They blame someone for doing something and boo

Trump does the same thing and they cheer and say he's a genius.

It's tiring.

Biden sold off the reserves at high prices, and replaced them when the price fell, making an enormous profit for the US Treasury.

I doubt that Trump will be smart enough to do the same.

 

[d0gbreath]

That sounds like a lot. But, since we use 20.5 million barrels of oil a day, that will tie us over for 8.4 days.

 

[WEATHER53]

Unless Iran owns the straits then they should be stopped by a variety of nations combined efforts

 

[Admiral Rockwell Tory]

Republicans criticized President Biden for draining the Strategic Petroleum Reserve (SPR) to lower gas prices ahead of the 2022 midterms. Now President Trump is going to do the same thing by releasing 172 million barrels of oil to help lower prices ahead of the 2026 midterms.

During an interview Wednesday with WKRC Local 12 in Cincinnati, Trump was asked about tapping the reserve and said, “Well, we’ll do that and then we’ll fill it up.”
He added, “Right now we’ll reduce it a little bit, and that brings the prices down.” He didn't specify in that interview how many barrels of oil the U.S. would release.
Trump frequently criticized the administration of Joe Biden for tapping the reserve to try and bring down gas prices.

US to release 172 million barrels from Strategic Petroleum Reserve to try to bring down gas prices

President Donald Trump said his administration will tap the U.S. Strategic Petroleum Reserve to try to reduce gas prices as the war with Iran continues. (AP)

www.khou.com

TDS strikes again!

 

[Admiral Rockwell Tory]

Unless Iran owns the Straights then they should be stopped by a variety of nations combined efforts

You mean straits? They kind of own half of it, but then again, they don't.

 

[Admiral Rockwell Tory]

I agree with the trump haters on this

Leave the oil reserve alone

This is exactly what the SPR is for!

 

[Harry Dresden]

Look at it, numbnuts.

i cant your ******* head is in the way...

 

[Admiral Rockwell Tory]

That sounds like a lot. But, since we use 20.5 million barrels of oil a day, that will tie us over for 8.4 days.

That is irrelevant because we still produce most of own oil. The releases is to allow other countries who are not involved in the war to have a fuel supply.

 

[struth]

Republicans criticized President Biden for draining the Strategic Petroleum Reserve (SPR) to lower gas prices ahead of the 2022 midterms. Now President Trump is going to do the same thing by releasing 172 million barrels of oil to help lower prices ahead of the 2026 midterms.

During an interview Wednesday with WKRC Local 12 in Cincinnati, Trump was asked about tapping the reserve and said, “Well, we’ll do that and then we’ll fill it up.”
He added, “Right now we’ll reduce it a little bit, and that brings the prices down.” He didn't specify in that interview how many barrels of oil the U.S. would release.
Trump frequently criticized the administration of Joe Biden for tapping the reserve to try and bring down gas prices.

US to release 172 million barrels from Strategic Petroleum Reserve to try to bring down gas prices

President Donald Trump said his administration will tap the U.S. Strategic Petroleum Reserve to try to reduce gas prices as the war with Iran continues. (AP)

www.khou.com

Well the difference is trump is releasing them for the right reason. To deal with a transitory price increase due to a foreign agreessors’s behavior

Xiden did it to try and mask the political fall out of his economic policies that caused xidenflation

 

[Admiral Rockwell Tory]

That sounds like a lot. But, since we use 20.5 million barrels of oil a day, that will tie us over for 8.4 days.

You mean 'tide"? That's irrelevant in the big picture because we are still producing oil. Only 20% comes from the Persian Gulf and we don't use it, but other people in the world do.

 

[WEATHER53]

You mean straits? They kind of own half of it, but then again, they don't.

Do you think they truely and legally can claim that as theirs and therefore barricade it ?

 

[Admiral Rockwell Tory]

Do you think they truely and legally can claim that as theirs and therefore barricade it ?

Who the **** cares about legality? Ever hear possession is 9/10ths of the law? Might makes right?

They can try to do anything they want.

 

[Mac-7]

This is exactly what the SPR is for!

We are not starving for oil that is needed to keep the nation running

Releasing the reserve is political not strategic

 

[Superbadbrutha]

Well the difference is trump is releasing them for the right reason. To deal with a transitory price increase due to a foreign agreessors’s behavior

Xiden did it to try and mask the political fall out of his economic policies that caused xidenflation

Damn, you just can't stop buck dancing and boot lickin for massa Trump.

 

[Admiral Rockwell Tory]

We are not starving for oil that is needed to keep the nation running

Releasing the reserve is political not strategic

BULLSHIT!. The world's oil supply is reduced whether you like it or not. That is what the SPR is for and other countries are doing even more.

 

[Mac-7]

BULLSHIT!. The world's oil supply is reduced whether you like it or not. That is what the SPR is for and other countries are doing even more.

The SPR is to keep America running, not the entire world

 

[struth]

Damn, you just can't stop buck dancing and boot lickin for massa Trump.

Bot sure about buck dancing or boot licking

Just stating a fact, not surprised you had to run to racial jungle Joe’s defense

 

[Mac-7]

Damn, you just can't stop buck dancing and boot lickin for massa Trump.

Thats a racist insult towards white people

 

[WEATHER53]

Who the **** cares about legality? Ever hear possession is 9/10ths of the law? Might makes right?

They can try to do anything they want.

It reminds me of when pirates controlled waters that were not theirs and everyone was afraid to do anything. That ended.
Mr Donald Trump-it’s time to end this bad signal being sent from the straits.