Biden to release massive amounts of oil from the strategic reserve

[Saltwater60]

This guy just does dumber and dumber shit everyday. This is stupid and just to appease a few people for a few cents per gallon of gas.

Biden announces historic oil reserve release and presses oil companies to do their part to reduce gas prices

President Joe Biden on Thursday announced an unprecedented release of oil from US reserves and several steps his administration is taking to punish oil companies for not increasing production from unused leases on federal land.

amp.cnn.com

 

[SomeSoldier]

No, this is to weaken our state of readiness to fight any prolonged major conflict, like WW3, China or...... against the New World Order AKA UN.

 

[Grimscale]

This is stupid and just to appease a few people for a few cents per gallon of gas.

Did his last release actually have any effect on gas prices?
Seems to me they kept rolling on higher without even a pause.

 

[MothMan]

First crude can hit the market 13 days after release by POTUS so maybe this release will be available around the middle of May.

PS this is all the cheap oil Trump bought



Tapping the reserve is among the few things a president can do alone to try to control inflation. According to the Department of Energy, the reserve is always “drawdown ready,” meaning it can release crude oil to the market within 13 days of the president’s direction.

Biden’s six-month timeframe will begin in May, according to a Bloomberg report, meaning as many as 180 million barrels will be released from the strategic reserve. That means that even if the U.S. doesn’t add any barrels to the reserve, and no additional releases are ordered, there would still be roughly 388 million barrels in the emergency stock.

How much oil will be left in the US strategic reserve after Biden’s release?

Biden is calling for the release of 180 million barrels of oil from our strategic reserve – here’s what that means.

www.brproud.com

 

[Bigfoot]

Fuck Joe Biden

 

[redtail]

Soldier nails it.
This reserve was put in place by Teddy Roosevelt as emergency fuel for navy and military needs.
We are watching the intentional subversion of our readiness to warfight.
ETA: This is coordinated by the puppet masters, not the potatus.

 

[livingston]

Soldier nails it.
This reserve was put in place by Teddy Roosevelt as emergency fuel for navy and military needs.
We are watching the intentional subversion of our readiness to warfight.
ETA: This is coordinated by the puppet masters, not the potatus.

In the long game... Democrats main focus ... Destroy this country.

 

[dsdmmat]

Publicity stunt. So Trump filled it when the price of oil was really low. Now Biden releases it when the government will make a windfall profit from it and will wait for another administration is installed to fill it. Hopefully when the price is low.

 

[spat]

First crude can hit the market 13 days after release by POTUS so maybe this release will be available around the middle of May.

PS this is all the cheap oil Trump bought



Tapping the reserve is among the few things a president can do alone to try to control inflation. According to the Department of Energy, the reserve is always “drawdown ready,” meaning it can release crude oil to the market within 13 days of the president’s direction.

Biden’s six-month timeframe will begin in May, according to a Bloomberg report, meaning as many as 180 million barrels will be released from the strategic reserve. That means that even if the U.S. doesn’t add any barrels to the reserve, and no additional releases are ordered, there would still be roughly 388 million barrels in the emergency stock.

How much oil will be left in the US strategic reserve after Biden’s release?

Biden is calling for the release of 180 million barrels of oil from our strategic reserve – here’s what that means.

www.brproud.com

So, 6 months, roughly the time frame between now and the election. I don't think his motive could be any more blatant.

Somehow I expect the price of gas to be higher then than it is now anyway...

 

[CaseHardened]

God Damn the Democrats

 

[livingston]

 

[Saltwater60]

View attachment 152910

Damn good point.

 

[TEOTWAWKI inc.]

36 days of oil in the political stockpile, if it was full. I think we have about 30 days worth in there right now.

Just use it all. It makes no difference.

 

[CaseHardened]

Putin cares more for his own country than Biden or Trudeau do of theirs.

There, I said it.

 

[Carlos Hathcock]

This guy is such a fucking idiot.

 

[FP1201]

Keep in mind this is the SECOND RELEASE of Strategic Oil, and while the Democrats are singing his praises, they refuse to acknowledge that the US uses 15 MILLION Barrels of Oil a day, so that 1/15th doesn't amount to anything more than Free Cheese to welfare recipients in exchange for Political support.

Do you know a Ship can carry 2.5 to 3.5 Million Gallons of Fuel Oil?
How many non-nuclear Ships do we have?

 

[Acer-m14]

hey Joe .. just stick a pickaxe in the Alaska pipe line and you can release more oil and save on shipping cost .. hell your destroying this USA ..
at least go all out ..

 

[livingston]

There’s an oil supply ‘100 times bigger’ than US reserve: Oil exec​

 

[TEOTWAWKI inc.]

I wonder how they get the oil out of the strategic reserves. There is no way it is being pumped out of a well from an underground reservoir(s). That would not be environmentally friendly.

Unfortunately we will probably never know...

 

[CaseHardened]

You really want to know why I'm not joining the "Hate Putin" crowd ?

Because the exact same people who still have "Black Lives Matter" signs on their lawn, have now added SUPPORT UKRAINE.

That tells me all I need to know.

 

[SonOfSun]

View attachment 152910

What a prime level derp picture.

Crude oil is Russia’s biggest export, accounting for $123 billion of its export revenues, data for 2019 shows. Next on the list are refined petroleum – things like petrol and diesel – at $66.2 billion, gas at $26.3 billion and coal at $17.6 billion.

Russia's total national exports in 2020 (couldn't find 2021 data) was about $330 billion. 229 / 330 billion of its exports are fossil fuels. 69% of all of Russias exports are thing like gas and oil. America isn't close to that.

 

[prambo]

Oil From Biden's Emergency SPR Release Is Heading For Europe | ZeroHedge

 

[prambo]

The SPR is at its lowest level in 20 years - I think someone forgot what "strategic" means.

 

[96coal449]

Oil From Biden's Emergency SPR Release Is Heading For Europe | ZeroHedge

My shocked face.

 

[Saltwater60]

I haven’t seen a price drop in fact it’s projected to rise $0.10-$0.20 in the coming weeks.

 

[FP1201]

As soon as Pelosi and her henchmen handwringers came out with backing for Ukraine that was the pivotal moment, coupled with the Biden Crime Family ties to the region and the Russian fear porn the Left has used against the American People with Election fraud, nuclear attacks, and a sundry of other questionable coincidences.

 

[CaseHardened]

I honestly believe this war is being fought solely to keep Corrupt Ukraine Henchmen in Power.

That the Ukranian People lose either way.

 

[GOPerfect]

Biden's planned releases would put more oil on the global market, potentially bringing down costs.

If you are going to do this rather stupid thing....

Keep all of the Oil here in the United States.

 

[96coal449]

Keep all of the Oil here in the United States

It's just part of the plan to use it up quicker.

 

[Saltwater60]

I haven’t seen a drop at the pump have any of you guys?