Biden (I mean the people actually running the White House) know that even if the Chinese invade and we run out of oil because the SPR is empty..

the Pravda media will cover it up.

Quote:

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The Trump administration's plan to top off the Strategic Petroleum Reserve ran into a blockade Wednesday after lawmakers excluded $3 billion in funding for oil purchases from the massive stimulus package before Congress.

Senate Democrats took credit for stripping out that money from the Senate bill, unveiled Wednesday, calling it a "bailout" for the oil industry.

The administration had announced plans to buy 77 million barrels enough to fill the reserve. The SPR has about 640 million barrels of oil and filling it up would cost about $2.3 billion, at current prices.

While a spokesman for Senate Minority Leader Charles E. Schumer, D-N.Y., pointed to the exclusion of the "$3 billion bailout for big oil," a summary of the House Democrats' stimulus focused on legislation to codify the decision to delay sales from the SPR.

"If you believe in the purpose of the SPR, now is the perfect time to make sure it's full," Energy Secretary Dan Brouillette said on March 19 of the low prices. "The purpose of this is to mitigate these types of disruptions," he said. "We're expecting that Congress is going to be supportive of this." The DOE proposal is open to small and midsize U.S. producers with fewer than 5,000 employees.

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Link

Is there any doubt that this administration would release the entire reserve if it ensures their reelection?

And yet, if you search the Energy Department's website for current status of SPR, they only give you a history level of the highest amount in 2009.

You see everyone. It wasn't Trump that attempted to get it to the max at the best time for Americans. It was that other guy.

Anyone not paying attention is fed a pack of lies and half-truths from our "public servants"

p_bubel said:

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Quote:

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The Trump administration's plan to top off the Strategic Petroleum Reserve ran into a blockade Wednesday after lawmakers excluded $3 billion in funding for oil purchases from the massive stimulus package before Congress.

Senate Democrats took credit for stripping out that money from the Senate bill, unveiled Wednesday, calling it a "bailout" for the oil industry.

The administration had announced plans to buy 77 million barrels enough to fill the reserve. The SPR has about 640 million barrels of oil and filling it up would cost about $2.3 billion, at current prices.

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Democrats 2019-2020 - Fill the reserve with $30 per barrel oil - bailout for oil industry

Democrats 2023-2024 - Fill the SPR with $90.00+ per barrel oil - good energy policy, prudent use of taxpayer money.

Dumba****.

In the U.S., It is not the amount of crude on the market, it is the refining capacity.

https://www.eia.gov/todayinenergy/

doubledog said:

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In the U.S., It is not the amount of crude on the market, it is the refining capacity.

https://www.eia.gov/todayinenergy/

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Problem is, most people just see the price at the pump, not the levers behind it getting pulled. I told my wife 12 months ago that I would pay $5 per gallon for next 18 months without complaint because it would sink Dems at midterms and they just use our strategic reserves to artificially suppress price and maintain power.

Eso si, Que es said:

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doubledog said:

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In the U.S., It is not the amount of crude on the market, it is the refining capacity.

https://www.eia.gov/todayinenergy/

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Problem is, most people just see the price at the pump, not the levers behind it getting pulled. I told my wife 12 months ago that I would pay $5 per gallon for next 18 months without complaint because it would sink Dems at midterms and they just use our strategic reserves to artificially suppress price and maintain power.

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Cut off your nose to own the libs? Can someone please bump the original strategic release thread where everyone said it wouldn't make a dent in price?

Manhattan said:

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Eso si, Que es said:

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doubledog said:

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In the U.S., It is not the amount of crude on the market, it is the refining capacity.

https://www.eia.gov/todayinenergy/

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Problem is, most people just see the price at the pump, not the levers behind it getting pulled. I told my wife 12 months ago that I would pay $5 per gallon for next 18 months without complaint because it would sink Dems at midterms and they just use our strategic reserves to artificially suppress price and maintain power.

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Cut off your nose to own the libs? Can someone please bump the original strategic release thread where everyone said it wouldn't make a dent in price?

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Ah, so you agree the president has an effect on gas prices. Thanks.

DallasAg 94 said:

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Manhattan said:

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Eso si, Que es said:

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doubledog said:

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In the U.S., It is not the amount of crude on the market, it is the refining capacity.

https://www.eia.gov/todayinenergy/

---

Problem is, most people just see the price at the pump, not the levers behind it getting pulled. I told my wife 12 months ago that I would pay $5 per gallon for next 18 months without complaint because it would sink Dems at midterms and they just use our strategic reserves to artificially suppress price and maintain power.

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Cut off your nose to own the libs? Can someone please bump the original strategic release thread where everyone said it wouldn't make a dent in price?

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I think you probably missed the point, which should surprise no one.

The release temporarily lowers the price, but it will return to the price once you stop releasing it. OR... you have to keep releasing it.

Get back to me after the elections in Nov and Team Biden no longer needs to manipulate O&G supplies.

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This. Using the Reserve isn't a long term solution by any stretch. It's an emergency reserve not a political tool and honestly the way Biden is using it should be illegal. What Biden is doing will temporarily stabilize or perhaps reduce prices but it comes at a huge cost. Even if the Reserve is full it is only enough oil to keep the country going for a little over a month. Thus we will need to fill it back up only in when we refill it we will have a double whammy of not only stopping the "help" that using it to reduce prices but we will increase demand by buying the oil back at a higher price and when it is in even shorter supply thus driving the price up for everyday Americans.

It will be after the election though and the MSM certainly won't cover it objectively so for a liberal like yourself who cares if the plebes get screwed? I mean the goal is to elect Democrats at any cost, right?

Manhattan said:

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Eso si, Que es said:

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doubledog said:

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In the U.S., It is not the amount of crude on the market, it is the refining capacity.

https://www.eia.gov/todayinenergy/

---

Problem is, most people just see the price at the pump, not the levers behind it getting pulled. I told my wife 12 months ago that I would pay $5 per gallon for next 18 months without complaint because it would sink Dems at midterms and they just use our strategic reserves to artificially suppress price and maintain power.

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Cut off your nose to own the libs? Can someone please bump the original strategic release thread where everyone said it wouldn't make a dent in price?

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Going off past history as a predictor is smart.

DallasAg 94 said:

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Absolutely Election tampering:



https://www.reuters.com/business/energy/biden-admin-talks-with-energy-firms-it-seeks-balance-oil-prices-sources-2022-10-18/

Quote:

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The sale would market the remaining 14 million barrels from Biden's previously announced, and largest ever, release from the reserve of 180 million barrels that started in May.

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There is question about whether the 14M is part of the 180M... or in addition.

Quote:

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The administration has also spoken with oil companies about selling an additional 26 million barrels from a congressionally mandated sale in fiscal year 2023, which began Oct. 1, a fourth source said.

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This is really like blowing out the Christmas budget bigger and better than you can afford. When the credit card bills start rolling in, everyone will pay.

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It wont effect the election...the people have already been hurting for so long it wont matter.

All this release and gas is still over $4 nationally and diesel is through the roof. Won't help a bit other than make us vulnerable if **** hits the fan.

Is there some place where we can see where all of the oil was sold to?

The sooner we get rid of this stupid oil, the sooner we can switch fully to electric and end hurricanes and fire.

Rumor is the SPR is going to be done away with and replaced with a huge warehouse full of Tesla batteries. If I get more details, I will let you know.

frenchtoast said:

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The sooner we get rid of this stupid oil, the sooner we can switch fully to electric and end hurricanes and fire.

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Will have no effect, because plans are afoot to block the sun, you clearly missed that thread

Still think Democrats care about people?

If you do, here's your sign.

Then Biden and his press secretary will somehow brag about blowing our savings account as if they are doing something courageous.

Strategic? Lol. Short-term strategy is more like this move.

rocky the dog said:

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Yeah, but tapping someone else's 401K and not going to work is what the big guy is doing with SPR.

Yesterday said:

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All this release and gas is still over $4 nationally and diesel is through the roof. Won't help a bit other than make us vulnerable if **** hits the fan.

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That entirely the plan. Make us completely vulnerable and out of fuel reserves, THEN start WW3.

Strategic? Lol. Short-term strategy is more like this move.

Manhattan said:

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Eso si, Que es said:

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doubledog said:

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In the U.S., It is not the amount of crude on the market, it is the refining capacity.

https://www.eia.gov/todayinenergy/

---

Problem is, most people just see the price at the pump, not the levers behind it getting pulled. I told my wife 12 months ago that I would pay $5 per gallon for next 18 months without complaint because it would sink Dems at midterms and they just use our strategic reserves to artificially suppress price and maintain power.

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Cut off your nose to own the libs? Can someone please bump the original strategic release thread where everyone said it wouldn't make a dent in price?

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How are you always this lost/wrong? It's either a special talent or done on purpose.

In related news, I will be traveling to the ocean this weekend and peeing in it to raise world wide sea levels.

Manhattan said:

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Eso si, Que es said:

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doubledog said:

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In the U.S., It is not the amount of crude on the market, it is the refining capacity.

https://www.eia.gov/todayinenergy/

---

Problem is, most people just see the price at the pump, not the levers behind it getting pulled. I told my wife 12 months ago that I would pay $5 per gallon for next 18 months without complaint because it would sink Dems at midterms and they just use our strategic reserves to artificially suppress price and maintain power.

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Cut off your nose to own the libs? Can someone please bump the original strategic release thread where everyone said it wouldn't make a dent in price?

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Manhattan - you guys don't want our noses cutoff...... you want us all cutoff at the knees so we lay prostrate before your preferred Marxist overlords.

Control of the crude SPR should be moved to DLA (.mil) from DOE. There is absolutely a portion of the reserve that, regardless of price, should only be used to supplement wartime needs, with inventory being turned over only in certain scenarios.

If DOE wants a reserve for commercial purposes, relief at the pump regionally or disaster recovery, should be smaller, verifiably sold only to US consumption. Hell every state ought to invest in strategic (crude or products) reserves given the way the the admin likes to open the valves. Especially here in Texas.

hunter2012 said:

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Is there any doubt that this administration would release the entire reserve if it ensures their reelection?

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100%

again, because they know the lapdogs in the media will never cover it.

So, does reserve gas burn greener than that pumped from our fields?
Lol, greenies. Biden pollutes to get elected despite serving y'all a sheet sandwich which lap up!

DP