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2022-05-19 Home Front: Politix

Strategic Petroleum Reserve tapped out for nothing except a brief PR stunt

[DailyWire]

Posted by NoMoreBS 2022-05-19 00:00|| || Front Page|| [11128 views ] Top

#1

Sure is a DC sweet heart deal with Big Oil and maybe certain DC Swampers.

Now the Taxpayers have to repurchase 700+ Million Barrels of oil to refill the Strategic Petroleum Reserve.

Bidens $107 (today) a barrel
vs.
Trumps $21 (April 2020 ) a barrel.

Math 107-21= $86 more per barrel

$700M x $86 = $6.02 Billion more.
I am sure Big Oil will reward the DC Swamp with $$$$ is some form or another.

Even Hunter did not bathe in this much $$$$$$.

Posted by NN2N1 2022-05-19 07:08|| 2022-05-19 07:08|| Front Page Top

#2 With the improvement of the economy as the covid restrictions were lifted came an increase in demand; this happened under Biden, though not because of Biden. With the various changes in permitting and leasing etc. - and even just the threat of changes - came a decrease in supply; this WAS due to the Biden administration. With the artificial increase in money supply came inflation, and the resulting increase in the apparent price of oil; this was due to both Trump and Biden actions. The combination is responsible for the oil price increase.

Posted by Glenmore 2022-05-19 08:55|| 2022-05-19 08:55|| Front Page Top

#3 Gas stations in Washington reprogram pumps to prepare for $10-a-gallon fuel as Bidenflation sends average price soaring to $4.57 - almost twice the $2.41 during Trump's final month

Posted by Skidmark 2022-05-19 09:57|| 2022-05-19 09:57|| Front Page Top

#4 ^ or reprogram for liters? Part of the 'downsizing' suppliers are already doing.

Posted by Procopius2k 2022-05-19 09:59|| 2022-05-19 09:59|| Front Page Top

#5 /\ The 'global' measurements solution. I'm already beginning to feel better.

Posted by Besoeker 2022-05-19 10:23|| 2022-05-19 10:23|| Front Page Top

#6 ^ Can't they just make the gallons smaller like they do with tins of tuna fish?

Posted by SteveS 2022-05-19 10:31|| 2022-05-19 10:31|| Front Page Top

#7 Just cut more slices into the pizza.

Posted by swksvolFF 2022-05-19 11:07|| 2022-05-19 11:07|| Front Page Top

#8 What I would expect from Washington DC is to make the length of a mile shorter so that all vehicles would automatically get higher MPG.

Posted by M. Murcek 2022-05-19 11:16|| 2022-05-19 11:16|| Front Page Top

#9 You think Kilometers per Liter would do it?

Why Doesn’t the U.S. Use the Metric System?

Posted by Skidmark 2022-05-19 12:35|| 2022-05-19 12:35|| Front Page Top

#10 Why Doesn’t the U.S. Use the Metric System?

Because "different from what we do here" is not a compelling argument.

For anything.

Posted by M. Murcek 2022-05-19 12:48|| 2022-05-19 12:48|| Front Page Top

#11 There are two kinds of countries in the world, those that have landed men on the Moon, and those that use the metric system.

Posted by SteveS 2022-05-19 13:05|| 2022-05-19 13:05|| Front Page Top

#12 ^ A common cause of unmanned spacecraft loss has been stuff programmed in one measurement system coming into conflict with calculations assuming the other one.

Posted by M. Murcek 2022-05-19 13:10|| 2022-05-19 13:10|| Front Page Top

#13 A particularly snarky thread. Excellent.

Posted by Frank G 2022-05-19 13:23|| 2022-05-19 13:23|| Front Page Top

#14 Everything that has caused the price of oil to go up has been done in the name of Fighting Big Oil.

Posted by Thing From Snowy Mountain 2022-05-19 15:35|| 2022-05-19 15:35|| Front Page Top

#15 The story in question makes it sound like the Biden Admin are Cargo cultists. They do things for show hoping they'll get the same effect as really doing them. Just as they opened up Oil Drilling leases and got all the good press, then cancelled them before they could actually make any difference.

Posted by ruprecht 2022-05-19 15:37|| 2022-05-19 15:37|| Front Page Top

08:24 Matt
08:20 SteveS
07:43 Procopius2k
07:42 BrerRabbit
07:42 Procopius2k
07:39 Procopius2k
07:36 Procopius2k
07:35 Procopius2k
07:34 trailing wife
07:31 Procopius2k
07:30 NN2N1
07:22 NN2N1
07:18 trailing wife
07:14 Richard Aubrey
07:10 NN2N1
07:09 Besoeker
07:03 NN2N1
06:58 NN2N1
06:58 Besoeker
05:28 Whiskey Mike
05:23 Whiskey Mike
05:21 Whiskey Mike
05:18 Whiskey Mike
05:15 Whiskey Mike