USA Already Exporting Oil from SPR at Record Pace

[Staidhup]

Government got paid -$40/barrel to fill the SPR.

Now Biden is cashing in at $80/barrel paying down Deficit!

Biden Rules, Repubtards Drool.

He’s not that smart and if for a minute you buy that line of crap your a bigger fool then you pretend to be. You do know the purpose of the reserve is don’t you? Maybe hunter is running the show. You do understand the role of government is don’t you? Geeeeez lord almighty the inmates have taken over.

 

[Staidhup]

There wont be enough electric vehicles to force people into for decade or more

Most people understand that, but….. remember, you are dealing with a group of political morons that have no concept of the real world, believe in fairy dust, tooth fairy, hollow rhetoric, and believe their own lies. How else can you explain jumping with both feet further into the abyss of national debt believing it is serviceable and will vanish with the wave of the tax mans magical wand. Love it!

 

[Harpy Eagle]

He’s not that smart and if for a minute you buy that line of crap your a bigger fool then you pretend to be. You do know the purpose of the reserve is don’t you? Maybe hunter is running the show. You do understand the role of government is don’t you? Geeeeez lord almighty the inmates have taken over.

He is selling the oil from the SPR because of a law passed in 2015 by the GOP controlled congress that says he has to

 

[percysunshine]

He is selling the oil from the SPR because of a law passed in 2015 by the GOP controlled congress that says he has to

What is the Congressional Record number for this law?

 

[jbrownson0831]

Why would it be illegal?

It's our oil.

Duuuhh

 

[Harpy Eagle]

What is the Congressional Record number for this law?

see post number 11

 

[Roudy]

Biden will do exactly as China asks him to. Hunter has set up China with enough cobalt mines in Africa to become the worlds main producer of car batteries. So now their “asset” in the Whitehouse must collapse and destroy the US oil and gas industry as we know it, for China to become the world’s main manufacturing source of “energy”.

 

[percysunshine]

see post number 11

Found it...

http://www.ourenergypolicy.org/wp-content/uploads/2015/12/12-01-2015-FINAL-SPR-cumulative-report.pdf

Totally stupid...but hey, big government is going to govern.

 

[Doc7505]

There wont be enough electric vehicles to force people into for decade or more

That is the idea... The cost of electric cars is high now and will become higher in cost to the consumer. That relates to fewer vehicles on the road, more dependence on transit and more people packed into cities. More control over the population.

 

[DigitalDrifter]

Seems this is a legit story. Not a good move, but what else is new with this administration.

 

[Bootney Lee Farnsworth]

Government got paid -$40/barrel to fill the SPR.

Now Biden is cashing in at $80/barrel paying down Deficit!

Biden Rules, Repubtards Drool.

Everything about your post except the part where you claim that he's using it to pay down the deficit seems to be accurate.

If you think they will ever use immediate revenues to pay down the deficit when they could use it on so many other fun little projects to make themselves wealthy, you are very naïve.

 

[surada]

U.S. to sell up to 20 mln barrels of SPR oil to comply with 2015 law

The U.S. Department of Energy said Monday it would sell up to 20 million barrels of crude from the emergency oil reserve to comply with legislation passed in recent years.

www.reuters.com

The US uses 20 million bpd.

 

[surada]

Government got paid -$40/barrel to fill the SPR.

Now Biden is cashing in at $80/barrel paying down Deficit!

Biden Rules, Repubtards Drool.

The US BOUGHT the oil for the SPR.

 

[eagle1462010]

How many barrels of oil are used per day in the US

Only a small amount of crude oil is directly consumed in the United States. Nearly all of the crude oil that is produced in or imported into the United States is refined into petroleum products, such as gasoline, diesel fuel, heating oil, and jet fuel, which are then consumed. Liquids produced...

breakingnews.weshsalfa.com

In 2020, the United States consumed an average of about 18.19 million barrels of petroleum per day, or a total of about 6.66 billion barrels of petroleum. This was the lowest level of annual consumption since 1995.



Over 20 million barrels a day used here. When we get to a number high enough to care about let me know. lol

 

[eagle1462010]

We need the Fracking back and tell Brandon to approve more permits. Could have bailed out the small Frackers with all this monopoly money he's slinging out.

But they HATE OIL. They are showing it.

 

[Doc7505]

The US uses 20 million bpd.

Agreed, the world consumption of petroleum per day is 100 million bpd the U.S. consumes one fifth of that production per day. What Bai Dung has proposed on the release of the SPR consists two (2) days of America's petroleum consumption.
That is a drop in the bucket.

 

[surada]

Agreed, the world consumption of petroleum per day is 100 million bpd the U.S. consumes one fifth of that production per day. What Bai Dung has proposed on the release of the SPR consists two (2) days of America's petroleum consumption.
That is a drop in the bucket.

Yep..........

 

[Doc7505]

Yep..........

I'm glad you finally agree on something...

 

[surada]

I'm glad you finally agree on something...

irosie91


Fracking 101 | NRDC

Fracking 101

Hydraulic fracturing has upended the global energy landscape and made fossil fuels big business in the United States. Mounting evidence shows that it poses serious threats to our health, environment, and climate future. Here’s a look at the fracking boom...

www.nrdc.org

Apr 19, 2019 · It took some time for hydraulic fracturing—or “fracking”—to become as widespread as it is today. Although American entrepreneurs have known for more than a century how to crack open rocks ...