Quote:President Joe Biden plans to release even more barrels of oil from the federal government’s strategic reserves to keep gas prices low before the midterm elections.

Bloomberg News reports that the Biden administration plans to release another ten million to 15 million barrels of oil from the Strategic Petroleum Reserve.

Biden’s latest decision marks more than 200 million barrels set for release in less than two years as president, more than all previous presidents combined according to the Wall Street Journal.

The oil reserves are currently at the lowest level since 1984.

Despite Biden’s historic oil releases to bring down the cost of gasoline, the OPEC+ nations announced their decision in October to cut oil production by two million barrels a day.

The president expressed his disappointment with OPEC+ and Saudi Arabia’s decision, despite administration officials working behind the scenes urging them to delay their cuts until after the midterm elections.

Biden recently campaigned in California where gas prices are nearly seven dollars a gallon.

When asked about prices approaching seven dollars a gallon in the state, Biden replied, “Well, that’s always been the case here.”

Despite gas prices rising again, Biden continues taking credit for gas prices declining from record highs in the Summer.

“[A] lot of it is the result of getting the cost of living at the gas pump down by more — now even in California now — by more than a dollar nationally and — since the start of summer,” he said during a speech on Americans suffering from higher costs.

Link

Clearly it’s not him. His mind is fruitcake. Who is making these terrible decisions?

(10-18-2022 05:27 PM)CrimsonPhantom Wrote:  

Quote:President Joe Biden plans to release even more barrels of oil from the federal government’s strategic reserves to keep gas prices low before the midterm elections.

Bloomberg News reports that the Biden administration plans to release another ten million to 15 million barrels of oil from the Strategic Petroleum Reserve.

Biden’s latest decision marks more than 200 million barrels set for release in less than two years as president, more than all previous presidents combined according to the Wall Street Journal.

The oil reserves are currently at the lowest level since 1984.

Despite Biden’s historic oil releases to bring down the cost of gasoline, the OPEC+ nations announced their decision in October to cut oil production by two million barrels a day.

The president expressed his disappointment with OPEC+ and Saudi Arabia’s decision, despite administration officials working behind the scenes urging them to delay their cuts until after the midterm elections.

Biden recently campaigned in California where gas prices are nearly seven dollars a gallon.

When asked about prices approaching seven dollars a gallon in the state, Biden replied, “Well, that’s always been the case here.”

Despite gas prices rising again, Biden continues taking credit for gas prices declining from record highs in the Summer.

“[A] lot of it is the result of getting the cost of living at the gas pump down by more — now even in California now — by more than a dollar nationally and — since the start of summer,” he said during a speech on Americans suffering from higher costs.

Link

Clearly it’s not him. His mind is fruitcake. Who is making these terrible decisions?

So, let me get this straight. The very idiots who want to do away with the oil industry and have done their absolute best to cripple the industry from the time they set foot in office now are burning through every last bit of our reserves to keep oil prices artificially down?

Only fools can't see what this actually is. Nothing more than a vote buying scheme and if you reward the clowns your recompense will be astronomical food and fuel prices which for most will be unattainable.

This Administration nightmare won't end until you throw the bums out of office.

It should be called the POR. The Political Oil Reserves. What is the Emergency?

(10-18-2022 06:27 PM)Eagleaidaholic Wrote:  What is the Emergency?

Democrats might do badly in the elections. That’s the emergency.

I actually doubt this will have any impact at all on the outcome in 3 weeks, which is a shame. Biden’s supporters deserve to be rebuked with even greater force/severity for treating the SPR as a political prop. But even though it will (probably) have no political relevance this year, it will set a significant political precedent. Future Bidens who find themselves staring into a political abyss will find it much easier to repeat this stunt if this Biden gets away with it now.

Does Joe think that the word "strategic" in "Strategic Oil Reserves" means that it is to be used for election strategy? What an incompetent clown.

How can the supporters of the Democrats that post here not see the harm this is doing.

Schiff, if the Demon(crats) keep this up we might wind up begging Russia aka Putin for some oil. He'll be laughing all the way to the bank and would probably use this to stop us from aiding Ukraine.

None of this is the result of incompetency, quite the contrary. These people are hellbent on destroying our republic and subjugating our citizens for their nefarious plots.

The day after the mid terms that Strategicoil release program will tighten up more than Pelosi’s 80 year old who-ha

(10-18-2022 07:16 PM)TigerBlue4Ever Wrote:  None of this is the result of incompetency, quite the contrary. These people are hellbent on destroying our republic and subjugating our citizens for their nefarious plots.

This is absolutely right.

All of this BULLS HIT being pushed by the Controller via the AD impacted puppet Biden* is by careful design.

Shutting down US self sufficiency in oil is not an accident. The HISTORICAL withdraws from the SPR are not an accident; there is a purpose and it is NOT to relieve US citizens at the gas pumps.

The ongoing and growing supply chain crunch is NOT an accident. The rail strike could easily happen and THAT will be a massive blow:

A union strike could cost the U.S. economy up to $2 billion per day, according to an estimate from the Association of American Railroads. Roughly 40% of the nation’s long-distance trade is moved by rail—more than any form of transportation—and a union strike could stop more than 7,000 trains from operating.

Source: https://time.com/6221312/rail-workers-strike/

The 20+ months of illegal infiltration being ALLOWED at the southern border is NOT an accident.

Russia attacking Ukraine and cutting off EU oil, NK firing repeated missiles, and China eyeing TW aggressively. None of this is incidental.

This won't make a schit of an impact on prices and puts the country in danger. Biden is an idiot.

(10-18-2022 08:00 PM)Eldonabe Wrote:  The day after the mid terms that Strategicoil release program will tighten up more than Pelosi’s 80 year old who-ha

(10-18-2022 08:00 PM)boss man Wrote:  

(10-18-2022 07:16 PM)TigerBlue4Ever Wrote:  None of this is the result of incompetency, quite the contrary. These people are hellbent on destroying our republic and subjugating our citizens for their nefarious purposes.

This is absolutely right.

All of this BULLS HIT being pushed by the Controller via the AD impacted puppet Biden* is by careful design.

Shutting down US self sufficiency in oil is not an accident. The HISTORICAL withdraws from the SPR are not an accident; there is a purpose and it is NOT to relieve US citizens at the gas pumps.

The ongoing and growing supply chain crunch is NOT an accident. The rail strike could easily happen and THAT will be a massive blow:

A union strike could cost the U.S. economy up to $2 billion per day, according to an estimate from the Association of American Railroads. Roughly 40% of the nation’s long-distance trade is moved by rail—more than any form of transportation—and a union strike could stop more than 7,000 trains from operating.

Source: https://time.com/6221312/rail-workers-strike/

The 20+ months of illegal infiltration being ALLOWED at the southern border is NOT an accident.

Russia attacking Ukraine and cutting off EU oil, NK firing repeated missiles, and China eyeing TW aggressively. None of this is incidental.

Spot on

(10-18-2022 08:02 PM)Fo Shizzle Wrote:  This won't make a schit of an impact on prices and puts the country in danger.

Yes, it will have a minimal effect on prices...before the mid-terms. Especially since it usually takes about two weeks for any of this to turn into actual gasoline. But no, this does not put the country in any sort of danger. That's just hyperbolic.

DONT WORRY !!! I WILL JUST USE MY CHARM AND CHARISMA TO GET MY BUDDIES IN VENEZUELA AND SAUDI ARABIA TO MAKE US MORE OIL. THE ECONOMY IS STRONG AND ROBUST !!!

- Joe "the puppet idiot" Biden

(10-19-2022 06:34 AM)Redwingtom Wrote:  

(10-18-2022 08:02 PM)Fo Shizzle Wrote:  This won't make a schit of an impact on prices and puts the country in danger.

Yes, it will have a minimal effect on prices...before the mid-terms. Especially since it usually takes about two weeks for any of this to turn into actual gasoline. But no, this does not put the country in any sort of danger. That's just hyperbolic.

It yet again proves what we already knew: The Dems could care less how much the peasants have to shell out for gas, the more the better.

All they care about is minimizing the impact right before the election, then enact polices or executive orders to make the price soar for the next 18 months. Then try to back it off and take credit right before the election. Rinse, repeat. The poor pay the price, not them.

They simply do not care if it bankrupts half the country, in their eyes they are saving the planet and its the poor and lower middle classes who have to suffer.

They don't care that people can't afford it,
they don't care that it only punishes the poor and middle class,
they don't care that none of those people can afford EV's
they don't care that extremist "green" polices already have the power grid stretched beyond its limits
and it doesn't matter because they are about to seriously jack up the electricity prices anyway after the election

(10-19-2022 07:18 AM)ericsrevenge76 Wrote:  ...they are about to seriously jack up the electricity prices anyway after the election

Who is "they" and how exactly do they intend to do this, and for what purpose? If "they" is the Biden administration, and they want to move everyone to EV's, why would they want the price of electricity to be higher? Wouldn't that only benefit the energy companies that you're implying they want to hurt?

(10-19-2022 06:34 AM)Redwingtom Wrote:  

(10-18-2022 08:02 PM)Fo Shizzle Wrote:  This won't make a schit of an impact on prices and puts the country in danger.

Yes, it will have a minimal effect on prices...before the mid-terms. Especially since it usually takes about two weeks for any of this to turn into actual gasoline. But no, this does not put the country in any sort of danger. That's just hyperbolic.

Here, maybe you can gain some understanding about the SPR from this rather than just pulling crap out of your ass. Oh wait, I keep forgetting that you're an expert on all things...

https://science.howstuffworks.com/enviro...s-last.htm

"The maximum drawdown capability is 4.4 million barrels a day, and it takes 13 days for SPR oil to hit the open market after a drawdown. But just announcing the release often has an immediate effect on oil prices."

I'm guessing the handlers are hoping for a price reduction immediately but in light of OPEC's latest moves this is a knee jerk reaction and a strategic blunder.

(10-19-2022 07:39 AM)TigerBlue4Ever Wrote:  

(10-19-2022 06:34 AM)Redwingtom Wrote:  

(10-18-2022 08:02 PM)Fo Shizzle Wrote:  This won't make a schit of an impact on prices and puts the country in danger.

Yes, it will have a minimal effect on prices...before the mid-terms. Especially since it usually takes about two weeks for any of this to turn into actual gasoline. But no, this does not put the country in any sort of danger. That's just hyperbolic.

Here, maybe you can gain some understanding about the SPR from this rather than just pulling crap out of your ass. Oh wait, I keep forgetting that you're an expert on all things...

https://science.howstuffworks.com/enviro...s-last.htm

"The maximum drawdown capability is 4.4 million barrels a day, and it takes 13 days for SPR oil to hit the open market after a drawdown. But just announcing the release often has an immediate effect on oil prices."

I'm guessing the handlers are hoping for a price reduction immediately but in light of OPEC's latest moves this is a knee jerk reaction and a strategic blunder.

Well aware and have stated this exact same information here in the past.

So, back to the topic I replied to, exactly how does this small release put the country in danger? Show your work please.

(10-19-2022 07:37 AM)Redwingtom Wrote:  Who is "they" and how exactly do they intend to do this, and for what purpose? If "they" is the Biden administration, and they want to move everyone to EV's, why would they want the price of electricity to be higher? Wouldn't that only benefit the energy companies that you're implying they want to hurt?

You already know the answers to all those questions, Tom. But your progressive worldview forces you to feign ignorance and pretend like you don't at all.

You have to pretend like you are ignorant of the fact the the WH and congress have a gazillion ways using policy and regulation that can significant impact electricity prices. Regulation alone can dramatically impact the price of energy from the ground all the way to the wall sockets in your house.

We already know the explosion of energy costs across the globe the last several years due to green climate policy, and we already know what the WEF and others are bragging is yet to come.

The fact is we have the ability to do an "all the above strategy" which keep oil, gas and electricity first cheap fore years to come, and protect the environment, AND work on advancements in renewables so forth. But the elite globalists have already shown their hand and made clear they have no intention of taking such a balanced approach, they are instead taking a muhc more extremist position and driving the price of energy through the roof via regulations and policy.

Its all about power and control for the global elites, and "climate change" is the single biggest and most sweeping way path to concentrate ultimate power and control to a small group of global elites, even through "democratic" means.

(10-19-2022 07:58 AM)ericsrevenge76 Wrote:  

(10-19-2022 07:37 AM)Redwingtom Wrote:  Who is "they" and how exactly do they intend to do this, and for what purpose? If "they" is the Biden administration, and they want to move everyone to EV's, why would they want the price of electricity to be higher? Wouldn't that only benefit the energy companies that you're implying they want to hurt?

You already know the answers to all those questions, Tom. But your progressive worldview forces you to feign ignorance and pretend like you don't at all.

You have to pretend like you are ignorant of the fact the the WH and congress have a gazillion ways using policy and regulation that can significant impact electricity prices. Regulation alone can dramatically impact the price of energy from the ground all the way to the wall sockets in your house.

We already know the explosion of energy costs across the globe the last several years due to green climate policy, and we already know what the WEF and others are bragging is yet to come.

The fact is we have the ability to do an "all the above strategy" which keep oil, gas and electricity first cheap fore years to come, and protect the environment, AND work on advancements in renewables so forth. But the elite globalists have already shown their hand and made clear they have no intention of taking such a balanced approach, they are instead taking a muhc more extremist position and driving the price of energy through the roof via regulations and policy.

Its all about power and control for the global elites, and "climate change" is the single biggest and most sweeping way path to concentrate ultimate power and control to a small group of global elites, even through "democratic" means.

Yeah, of course they have that power...and I guess, sure, there could be some coordinated global cabal at work...but why?

How does dramatically increasing the price of energies other than oil, electricity as you specifically mentioned, move everyone to EV's which need that electricity? If you want to move people to EV's, don't you want to make it more cost effective?

And again, this isn't some overnight switch. Most experts predict it will take a decade or more to see much movement.