The US Continues To Export Record Levels of Oil Reserves Despite Record High Gas Prices
- Thread starter TigerGrowls
- Start date
I never said that. I’m not the biggest trump fan. I do however know we wouldn’t be in this mess if he were still in office. That’s for sure.
Hmmmmm Do we really think oil we keep in our US Strategic Reserve, can't be refined and used here in the US?
Asking for a friend.
Asking for a friend.
I'll take things that are easy to say without proof for $1000 Alex.
They could also have been worse. Remember he had no vaccine distribution plan and he didn't promote the vaccine either. There could have been many more deaths and a much slower recovery.
don't think anyone said that the crude that's stored in the SPR can't be refined/used in the states. however, our refineries are currently running at capacity so any excess that is released from the SPR that can't be refined is then sold to other countries.
You lost me at vaccine. We would have been fine.
You my friend articulated this 100% correctly! Now wait for it… idiots that don’t understand commerce, trades, & free markets will insult & become argumentative with you! This goes beyond Tucker’s intelligence!
So why even release it then Mr self appointed expert? This is major F**K UP by China Joe no matter what.
You have relegated yourself to saying "well he F**Kd up too". Trump had a very limited plan of release and it worked too whereas Bidens desperate attempt did not work and is even worse since the oil left the nation. No comparison here. Gas was a lot cheaper back then and we had a potus that worked to keep it that way. Additionally Biden is causing these problems and not fixing them. Trump made the US the worlds leading energy producer and a net exporter of energy. NO CONTEST!!
Trump Authorizes Release From Strategic Petroleum Reserve | OilPrice.com
Following the news of a drone attack on a Saudi oilfield, which sparked concern about global supply security
oilprice.com
Following the news of a drone attack on a Saudi oilfield, which sparked concern about global supply security, President Trump said he had authorized a release from the Strategic Petroleum Reserve.
“Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount sufficient to keep the markets well-supplied,” the U.S. President said in a tweet late on Sunday. “I have also informed all appropriate agencies to expedite approvals of the oil pipelines currently in the permitting process in Texas and various other States.”
You have relegated yourself to saying "well he F**Kd up too". Trump had a very limited plan of release and it worked too whereas Bidens desperate attempt did not work and is even worse since the oil left the nation. No comparison here. Gas was a lot cheaper back then and we had a potus that worked to keep it that way. Additionally Biden is causing these problems and not fixing them. Trump made the US the worlds leading energy producer and a net exporter of energy. NO CONTEST!!
Trump Authorizes Release From Strategic Petroleum Reserve | OilPrice.com
Following the news of a drone attack on a Saudi oilfield, which sparked concern about global supply security
Following the news of a drone attack on a Saudi oilfield, which sparked concern about global supply security, President Trump said he had authorized a release from the Strategic Petroleum Reserve.
“Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount sufficient to keep the markets well-supplied,” the U.S. President said in a tweet late on Sunday. “I have also informed all appropriate agencies to expedite approvals of the oil pipelines currently in the permitting process in Texas and various other States.”
literally nothing you wrote here is real. Nothing based in reality. Carry on.
to sell overseas so that we can help ease the burden of other countries while also making market value for the crude? i don't know why they released 5m barrels more than what our refineries can handle over the course of 6-8 weeks, but i'm sure there was a reason. also, i don't know if the barrels released were sour or sweet crude, but biden (and other presidents) typically release sour crude since american refineries don't typically like to receive (it's more expensive to refine), and those get sold to countries that are allowed to do business with us.
Maybe it was to fund more aid to Ukraine? Another $1.7B to be exact.......
U.S. sends $1.7B in aid to pay Ukraine’s health care workers
The latest round of aid aims to address the acute budget deficit caused by the ongoing Russian invasion.
www.politico.com
Keep pumping that pro Putin platform.Maybe it was to fund more aid to Ukraine? Another $1.7B to be exact.......
U.S. sends $1.7B in aid to pay Ukraine’s health care workers
The latest round of aid aims to address the acute budget deficit caused by the ongoing Russian invasion.
Sorry, not following ......what does Putin have to do with us selling critical oil reserves to adversaries?
am i supposed to be upset about $1.7b going to a good cause when our defense spending increases by >$10billion every year?Maybe it was to fund more aid to Ukraine? Another $1.7B to be exact.......
U.S. sends $1.7B in aid to pay Ukraine’s health care workers
The latest round of aid aims to address the acute budget deficit caused by the ongoing Russian invasion.
Yes, you should be upset. Especially when the Ukraine can't actually win the war and it's more likely both the money and the weapons end up in Russian hands before it's all said and done. If we aren't willing to send ground help, then sending another $1.7b is just a waste of money/resources/weapons.
It's also looking more likely that we will eventually have to fight our own war at some point down the road so you're probably picking the wrong time to worry about defense spending. There's a reason the US hasn't been invaded or attacked although with the new woke agenda in our ranks, probably not far off.
Claims that US oil reserve exports harm consumers are misleading
Social media posts say President Joe Biden's administration is sending millions of barrels from the US Strategic Petroleum Reserve (SPR) to other countries, implying that this contributes to higher prices for American consumers. This is misleading; industry analysts note that different types of...
factcheck.afp.com
you've really gone on a weird right wing spiral the last year or so. it's been a pretty crazy evolution to witness. you used to be a pretty reasonable guy, like @scotchtiger was and still is, but man you've gone complete loon lately
Answer - Biden admin is inept and in the tank for communist china.
Any more questions?
your ignorance on this subject isn't surprising.
The SPR cannot dictate whether or not companies export the oil they receive from the SPR. Per US law the government must award oil purchases to the highest bidder, unless that entity is a sanctioned company/country. many of the winners of the SPR release contracts were the american trading arms of foreign companies (Equinor (Norway), Shell (Netherlands/United Kingdom), Atlantic Trading (France), Mercuria (Cyprus), Motiva (Saudi Arabia) and Unipec (China.) it doesn't matter where the oil goes as long as there's a larger supply on the market it will drive the price down (the ultimate goal of releasing from the SPR.)
if your issue is that the SPR is allowed to export its oil reserves, then i suggest you take it up with Senators Murkowski, Manchin, and Corker as they sponsored the 2015 bill that repealed the 40 year law which banned exporting SPR releases.
@dpic73President Donald Trump has boasted in several recent television appearances about his performance on a screening test intended to assess mild cognitive impairment or early dementia.
It’s unclear if Trump, 74, has taken the test again, but in 2018 he was given the Montreal Cognitive Assessment (MoCA) under Dr. Ronny Jackson, the former White House physician, and at the time had scored a perfect 30 out of 30.
The MoCA test was created by Canadian neurologist Dr. Ziad Nasreddine. The test is 30 questions and designed to take 10 minutes.
Questions include drawing a clock, copying a picture of a cube and identifying pictures of animals.
Lol.
The biggest purveyor of misinformation on the whole board
