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Joined: Dec 2013
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3 days worth of oil. Gaslighting.


Link to story


BY TOM OZIMEK November 23, 2021

President Joe Biden on Nov. 23 ordered 50 million barrels of oil released from the nation’s strategic petroleum reserve (SPR) to help cool surging energy costs and ease pain at the pump.

“American consumers are feeling the impact of elevated gas prices at the pump and in their home heating bills, and American businesses are, too, because oil supply has not kept up with demand as the global economy emerges from the pandemic,” the White House said in a Nov. 23 statement.


Crude oil prices have surged to seven-year highs, with global demand seeing a sharp rebound from the pandemic lows. Republicans have blamed Biden’s policies—such as nixing the Keystone XL pipeline project and freezing new oil and gas drilling leases on federal land—for contributing to rising prices.

Insisting that Biden “is using every tool available to him to work to lower prices and address the lack of supply” of oil, the White House said the U.S. Department of Energy will make available 32 million barrels of crude under an exchange mechanism from all four SPR storage sites. On top of this, another 18 million barrels will be made available by accelerating the sale of crude from the SPR under a previous congressional authorization.

“As we come out of an unprecedented global economic shutdown, oil supply has not kept up with demand, forcing working families and businesses to pay the price,” U.S. Secretary of Energy Jennifer M. Granholm, said in a statement.

The White House said the release of the reserves was made in concert with other releases from strategic reserves by China, India, South Korea, Japan, and Great Britain.

Reacting to the White House announcement, House Minority Leader Kevin McCarthy (R-Calif.) said the SPR release—which represents just a few days of U.S. domestic demand—was unlikely to have a significant impact.

“President Biden’s decision to tap America’s strategic reserves—which will release just 3 days’ worth of oil onto the market—is not about a real solution to our energy crisis,” McCarthy said on Twitter.

“The real solution to your energy crisis is to let America produce the energy we have and need,” McCarthy said in a follow-on comment on Twitter.

Surging energy costs were the biggest factor pushing up October’s consumer price index (CPI), which vaulted 6.2 percent in the 12 months through October, a level not seen in nearly 31 years.

Accelerating inflation has been blamed for a sharp fall in consumer sentiment, which in November hit a decade low, according to a University of Michigan survey.

“Consumer sentiment fell in early November to its lowest level in a decade due to an escalating inflation rate and the growing belief among consumers that no effective policies have yet been developed to reduce the damage from surging inflation,” Richard Curtin, the survey director, said in a statement.

Besides becoming a key issue for many Americans, surging prices have also become a political problem for the Biden administration, with a recent CBS/YouGov poll showing that 67 percent of Americans disapprove of Biden’s handling of inflation.

The poll also showed that nearly two-thirds of Americans said the U.S. economy was in bad shape—the worst outcome since the depths of the pandemic last summer—while 84 percent of those who gave the economy a negative rating blamed inflation.


Slaves get what they need. Free men get what they want.

Rehabilitation is way overrated.

Orwell wasn't wrong.

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That would make a lot of sense to a liberal Marxist. We must get rid of his sorry ass before they manage to completely destroy America.

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A hero for recognizing the problem he created, and a poor solution as a mastermind. What BS

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Oh boy, a 3-day supply!

Thank you, President Poopy-Pants.


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Originally Posted by rainshot
That would make a lot of sense to a liberal Marxist. We must get rid of his sorry ass before they manage to completely destroy America.


Yep. He has fuqked up more in 11 months of Illegally occupying the WH than any “President” in the History of America.


"Allways speak the truth and you will never have to remember what you said before..." Sam Houston
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75% of Americans won’t recognize this as the BS news blurb that it is and fake news will sing his praises.

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I think these azzholes want to use up all the reserves and force us in to electric vehicles.

The roads will be cluttered with stalled motor vehicles then.

Last edited by tpcollins; 11/23/21.
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Stupidity never cures stupidity........


Paul

"I'd rather see a sermon than hear a sermon".... D.A.D.

Trump Won!, Sandmann Won!, Rittenhouse Won!, Suck it Liberal Fuuktards.

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Originally Posted by tpcollins
I think these azzholes want to use up all the reserves and force us in to electric vehicles.

The roads will be cluttered with stalled motor vehicles then.




1. Control fuel
2. Control food

You're done.

Go read what Stalin did to the Ukraine when they didn't agree to give up their land that they'd owned for generations. Mark Levin made a reference to it the other night, talking about American marxists.

Question: Why is Bill Gates buying up hundreds of thousands of acres of farmland and working so hard to destroy the American family farm?


Slaves get what they need. Free men get what they want.

Rehabilitation is way overrated.

Orwell wasn't wrong.

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Biden is an idiot! I paid $4.08 for 87 Octane in Craig Colorado!

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Crude is currently trading up $1.90 on the news.
RBOB up $0.05. ULSD up $0.0566

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Remember that "O" refused to replenish the NPR when he was in office and that was the first thing Trump did when the Saudi's and Russians got into a price war, dropping the price of crude so low it made more sense to refill the NPR with foreign oil, which he did in short order?
He didn't take from our oil stream, he bought it at the insanely low prices from them, holding on to our reserves.

Do you miss The Donald yet?

Ed

Last edited by APDDSN0864; 11/23/21.

"Not in an open forum, where truth has less value than opinions, where all opinions are equally welcome regardless of their origins, rationale, inanity, or truth, where opinions are neither of equal value nor decisive." Ken Howell



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The US was energy independent once upon a time. But in the interest in cutting oil consumption and green house gas emissions it's better to empower our enemies and then ship to stuff to our shores.


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Originally Posted by APDDSN0864
Remember that "O" refused to replenish the NPR when he was in office and that was the first thing Trump did when the Saudi's and Russians got into a price war, dropping the price of crude so low it made more sense to refill the NPR with foreign oil, which he did in short order?
He didn't take from our oil stream, he bought it at the insanely low prices from them, holding on to our reserves.

Do you miss The Donald yet?

Ed


But.... But..... he made mean tweets. Orange Man Bad ! 😜

Hell yea I miss Trump Every Damn Day !!!


"Allways speak the truth and you will never have to remember what you said before..." Sam Houston
Texans, "We say Grace, We Say Mam, If You Don't Like it, We Don't Give a Damn!"

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Yeah, that'll fix the problem alright.........................NOT, & the stupid fu^ck in the WH knows it won't.

MM

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Absolute window dressing with gas lights. Pathetic, but ABC "News" actually did a Special Report? Keep in mind, "MoreAmericansGetTheirNewsFromABCNewsThanFromAnyOtherSource." I'm quaking in fear for my country, and will until Election Day 2024.


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Watched Sleepy Joe's "speech" today......His main point on energy prices seemed to be, don't worry, it used to be worse........

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Just look at this countries leadership, you haven't seen anything yet. Chit is going to get a lot worse very soon.


weak men make for hard times.


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2 1/2 days worth, we are saved

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About what you'd expect from someone who has never held a job outside government in his whole worthless life, use $30/bbl oil and replace it with $80/bbl. (If the moron even thinks about replacing what he's taken)

FJB


Imagine a corporate oligarchy so effective, so advanced and fine tuned that its citizens still call it a democracy.



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