Biden DRAINS entire US Strategic Gasoline Reserve in order to lower prices for e
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Date: May 21st, 2024 2:55 PM Author: rusted painfully honest organic girlfriend sweet tailpipe
Biden Drains Entire Northeast Gasoline Reserve In Bid To Lower Gas Prices As He Trails Trump By Double Digits
Tyler Durden's Photo
BY TYLER DURDEN
TUESDAY, MAY 21, 2024 - 01:45 PM
Back in March, when reading the mammoth, 1050-page bill that was meant to avert government shutdown, but was yet another pork filled free-for-all bonanza authorizing $1.7 trillion in in discretionary spending, we stumbled upon something that was truly shocking: after Biden singlehandedly drained half of the US strategic petroleum reserve to avoid obliteration for Democrats in the 2022 midterm elections, Congress has snuck in a provision that would sell off and shutter the Northeast Gasoline Supply Reserve, a move that while perhaps keeps gas prices lower for a day or two, would also leave the entire continental northeast defenseless to any true environmental catastrophe or shock. We were so shocked by the inclusion of this particular text, we wondered if it hadn't been put there solely for the benefit of America's enemies...
... because surely nobody in their right mind, not even the illegitimate senile occupant of the White House, would ever pursue such short-term gains at the expense of potentially disastrous long-term consequences to the entire nation.
We were wrong: earlier today, just two months after the bill was signed by Biden into law, the panicking administration announced that it would sell the nearly 1 million barrels of gasoline in the US managed stockpile in northeastern states, the Department of Energy said, effectively closing the reserve.
https://www.zerohedge.com/energy/biden-drains-entire-northeast-gasoline-reserve-bid-lower-gas-prices-he-trails-trump-double
What is the point of keeping oil in the ground doing nothing when desperate brown and black people are starving in order to have enough money to buy gas? Is this what you want, Trumpkin?
(http://www.autoadmit.com/thread.php?thread_id=5531087&forum_id=2#47680327) |
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Date: May 24th, 2024 2:48 PM Author: Multi-colored heaven hominid
Grow a beard.
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Date: May 21st, 2024 2:56 PM
Author: ""''""'""'
Remember when cons were MAF at him for not doing this? I do
(http://www.autoadmit.com/thread.php?thread_id=5531087&forum_id=2#47688647) |
Date: May 21st, 2024 3:14 PM Author: fragrant property
Americans use about 375 million gallons of gasoline per day.
Biden releasing one million gallons is about 0.2% of daily consumption.
(http://www.autoadmit.com/thread.php?thread_id=5531087&forum_id=2#47680390) |
Date: May 24th, 2024 1:32 PM Author: thriller flushed market
The SPR still has about 350 million barrels.
After Russia invaded Ukraine, the Biden Administration made the largest withdrawal in SPR history in an effort to curb the oil price spikes that happened in the wake of the invasion. Between Biden’s inauguration in 2021 and mid-2023, 291 million barrels were sold from the SPR. That 46% reduction took SPR volumes to a level last seen in 1983.
Since hitting a low level of 347 million barrels in June 2023, the Biden Administration has returned about 14 million barrels of the 291 million removed (4.8%).
(http://www.autoadmit.com/thread.php?thread_id=5531087&forum_id=2#47688527) |
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