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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
2022-10-19
[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

#14  You misspelled Plans to transfer 15M barrels to China at a steeply discounted price.
Posted by: CrazyFool   2022-10-19 12:18  

#13  Pilot Flying J fuel prices
Posted by: Skidmark   2022-10-19 12:09  

#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  

#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  

#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  

#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  

#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  

#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  

#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  

#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  

#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  

#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  

#2  And the money from the release and sale, where does it go ?
Posted by: Besoeker   2022-10-19 05:44  

#1  Of course, none of the oil will go to the US market.
Posted by: Seeking Cure For Ignorance   2022-10-19 04:37  

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