Article

2022-10-19 Economy

White House 'plans to release another 15 MILLION barrels of oil' from the US's emergency stockpile this week in a bid to balance markets and crack down on rocketing gas prices

[Daily Mail, where America gets its news]

President Biden is planning to release up to 15million barrels of oil from the United States' emergency oil reserves as he tries to stem soaring gasoline prices

The oil release would be the latest portion of a deal Biden struck last spring to release 180million barrels of oil from energy companies

Sources close to the White House said Biden is hoping the release of oil reserves will be able to drop national prices just in time for the midterms

Posted by Skidmark 2022-10-19 00:00|| || Front Page|| [11130 views ] Top

#1 Of course, none of the oil will go to the US market.

Posted by Seeking Cure For Ignorance 2022-10-19 04:37|| 2022-10-19 04:37|| Front Page Top

#2 And the money from the release and sale, where does it go ?

Posted by Besoeker 2022-10-19 05:44|| 2022-10-19 05:44|| Front Page Top

#3

What if a real National emergency happens and not the upcoming Midterm elections LSD emergency ?

Seriously, JB Handlers, just quietly allow DRILL HERE DRILL NOW and blame it on the Russians and Saudis'.

Posted by NN2N1 2022-10-19 08:13|| 2022-10-19 08:13|| Front Page Top

#4 Should a pub prexident ever try this, it will be peach-mint time for sure...

Posted by M. Murcek 2022-10-19 08:31|| 2022-10-19 08:31|| Front Page Top

#5 Something is keeping the cost of gas ($3.39) down in Texas, but not the cost of diesel ($6.50).

The price of gas is obvious to all; the cost of diesel is factored into later costs, which are blamed on Russians, greedy suppliers, supply chain, COVID, Trump, etc.

Is there politics in there, somewhere?

Posted by Bobby 2022-10-19 08:43|| 2022-10-19 08:43|| Front Page Top

#6 That demented pervert suborned a foreign government to change its oil policy and swing the election. The Saudis attested to this. Case closed.

Impeach that ~~mother~~ daughterfucker

Posted by Billy B 2022-10-19 08:43|| 2022-10-19 08:43|| Front Page Top

#7 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.

Posted by Skidmark 2022-10-19 09:36|| 2022-10-19 09:36|| Front Page Top

#8 This move is too late to effect the costs of groceries. People will save a buck or two filling up their tanks twice before the election and won't otherwise notice. Stupid, and it should be impeachable as an attempt to influence the midterms.

Posted by ruprecht 2022-10-19 10:36|| 2022-10-19 10:36|| Front Page Top

#9 Just passing the buck to a higher price later when the SPR gets refilled.

Need to have a surplus and lower prices at that time to offset the increase in demand cost.

Isn't that only like 3 days use anyways?

release 180million barrels of oil from energy companies

Wait, serious question, who runs the SPR?

Posted by swksvolFF 2022-10-19 10:51|| 2022-10-19 10:51|| Front Page Top

#10 You know that one of the specific reasons for impeachment is TREASON. I think gropey old Joe fits that bill in all particulars, including his bagman Hunter.

Posted by AlanC 2022-10-19 11:15|| 2022-10-19 11:15|| Front Page Top

#11 15 million? Big frigging whoopedido. The energy policy, if one can call it that, is designed to cripple, wound, and destroy.

Posted by JohnQC 2022-10-19 11:37|| 2022-10-19 11:37|| Front Page Top

#12 Biden will sell it to the Chinese at a discount then they will turn around and sell it at a handsome profit. Hey, he's gotta repay that billion dollar loan somehow.

Posted by Abu Uluque 2022-10-19 12:02|| 2022-10-19 12:02|| Front Page Top

#13 Pilot Flying J fuel prices

Posted by Skidmark 2022-10-19 12:09|| 2022-10-19 12:09|| Front Page Top

#14 You misspelled Plans to transfer 15M barrels to China at a steeply discounted price.

Posted by CrazyFool 2022-10-19 12:18|| 2022-10-19 12:18|| Front Page Top

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