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

[Superbadbrutha]

I just did on this thread when you replied to my post, you rushed to defend your grand dragon, you love kissing white hood ass

Making it up as you go, I know you hate the fact that we see you running to defend massa Trump. That's hilarious, a buck dancing boot licker trying to claim someone kissing white folks ass.

I noticed your weak ass didn't comment on the 168 children that were killed when a bomb was dropped on a children's school and then your massa lied about it.

 

[Superbadbrutha]

As long as he doesn’t sell it to China like Joey Xiden did

Deflecting for massa Trump, Biden isn't the damn president.

 

[candycorn]

As long as he doesn’t sell it to China like Joey Xiden did

Never happened.

 

[candycorn]

It does bring up an interesting concept though...

Is there any stipulation that all of the refined products get sold in the United States?

 

[Crepitus]

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

Hasn't worked.

 

[Independent thinker]

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

Have to agree with you there. I just don't think the purpose of having a reserve is to use it to lower prices. Then it's not there when we really need it.

 

[Lockback]

I didn't like it when Biden did it and I don't like it now, althought Trump has a much more pressing reason instead of Biden's, "Well, I backed stupid policies that cut back production and I know people are pissed off at me so I'd better dump some reserves on the market to lower prices, and national security be damned!"

 

[Lockback]

Hasn't worked.

You're hilarious, Mr. Short Term Gratification Clown.

 

[krichton]

Europe said they would release 400 million barrels. This hasn't made a dent. In fact, the price has continued to climb. Global oil demand is over 100 million a day. This won't do shit!

 

[krichton]

I didn't like it when Biden did it and I don't like it now, althought Trump has a much more pressing reason instead of Biden's, "Well, I backed stupid policies that cut back production and I know people are pissed off at me so I'd better dump some reserves on the market to lower prices, and national security be damned!"

Or....it was done in order to offset the sanctions on russia. Fact vs fiction.

 

[krichton]

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

You're not well.

 

[Crepitus]

You're hilarious, Mr. Short Term Gratification Clown.

Facts are facts, Son.

It hasn't worked.

 

[LeftofLeft]

Blacks folks didn't need Biden to tell us not to vote for Trump.

Agreed. But,Biden, as usual, thinks too little of Black folks so he felt compelled to tell Black folks how to vote.

 

[drudge X]

Blacks folks didn't need Biden to tell us not to vote for Trump.

True but Democrats sure beat the plantation mentality into you and many blacks. The moment a black person leaves the party and decided to vote Republican, that person is a sellout.

 

[YoursTruly]

Biden and democrats caused the need for tapping reserves by their policy. On purpose. Global warming bs.
Democrats are stupid and creepy.
If we had a democrat admin right now, the price of gas would be closer to $6 per.

Biden's policies had nothing to do with the oil companies reducing their own production. They do that to force the futures market increases.

 

[cnm]

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

Strait, I think.

 

[cnm]

And Progressive policies are making the existing ones in places like California uneconomical to operate.

Sickening, isn't it?

It's unAmerican to not privatise profit and not socialise risk.

 

[cnm]

Biden's policies had nothing to do with the oil companies reducing their own production. They do that to force the futures market increases.

Without the need for capital investment in refineries.

 

[cnm]

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

Easily as legally as Chump can bomb Iran because Israel was going to.

 

[struth]

You're not well.

Well it’s been a long winter, got two colds

But feeling great heading into spring