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2021-11-24 Economy

Biden's short-term scheme to rein in spiking gas prices by opening Strategic Petroleum Reserve Is a thinly-veiled ploy, reeking of political desperation and bound to backfire

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Posted by Skidmark 2021-11-24 09:12|| E-Mail|| Front Page|| [11131 views ] Top
File under: Tin Hat Dictators, Presidents for Life, & Kleptocrats

#1
1st my apologies for getting the decimal in the wrong place for the 50M barrel release a few days ago. As Lord G. pointed it SHB 2.9## days, not 29.## days.

Regarding the latest Socialcrat nutroll.
Shutting down the Key Stone and etc. that were to bring in Northern Oil was likely one of the stupidest stunts they could have done.

The Negative Return on Votes (RoV) is likely well over 60+ to 1. The Junta result will only keep the usual small percentage "Tree Hugger" votes they will get in return usually anyway. But pissed off millions, including independent voters.

But as long as the Socialcrats have 20+ Special Interest Groups... TOO many with agendas contrary to the overall good of America., They will always be in a conundrum, COW-TOWING for votes, instead of doing whats best for America as a whole.

BTW: Now that 50 of the 714 million barrels in the Strategic Petroleum Reserve were drained off.

What cost was applied to it (ROI) and what will it cost to replenish it. Or did the Fed turn a profit selling it off?

Posted by NN2N1 2021-11-24 11:53|| 2021-11-24 11:53|| Front Page Top

#2 Russia and OPEC+ already laughed and said, "Hokay, we can hold back for a while." Way to go, Brandon...

Posted by M. Murcek 2021-11-24 11:54|| 2021-11-24 11:54|| Front Page Top

#3 Something to also wonder....

Why is the Biden Admin selling millions of barrels of oil to CCP.

If you look at the chart it seems dramatics export increase in 2020 to CCP, fall in line with US Consumer GAS Price increases.

Posted by NN2N1 2021-11-24 12:59|| 2021-11-24 12:59|| Front Page Top

#4 If you look at the chart it seems dramatics export increase in 2020 to CCP, fall in line with US Consumer GAS Price increases.

China Joe sold out his country? When does such behavior become treasonous?

Posted by JohnQC 2021-11-24 14:17|| 2021-11-24 14:17|| Front Page Top

#5 To quote Joe Biden, (quote) "End of Quote" (end of quote).

Posted by swksvolFF 2021-11-24 18:19|| 2021-11-24 18:19|| Front Page Top

#6 (Quote) My brain is drained, I'm an empty suit (end of quote)

Could someone please add this line, to president talking head's speech on the next go around (question mark). Many Americans might sleep better at night, if they knew the truth.

Posted by Menhadden Whomort8615 2021-11-24 18:30|| 2021-11-24 18:30|| Front Page Top

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