Strategic petroleum reserve. Key-fucking-word: strategic!
“…if they did, they would see they are putting the country into a precarious position…”
They do see. And that is exactly what they want. It’s just one more data point on the path to destruction. The timing of said destruction is unknown. But the path is very clear.
Joe Biden is not in charge. We have to get to the bottom of who the "they" is when Joe mumbles "they told me not to talk about this."
The city folk, especially the "chosen" woke who have the privilege of being satisfied with their childless living situation close to their favorite cafes and parks and shops (cuz let's be serious it's doubtful they do "real" work and go to an office or a jobsite), literally think we can eliminate oil. The only way to cure them is this delusion is to take them out to the countryside, find an organic regenerative agriculture farm, and then watch them harvest crop and see them transport it to the farmer's market in their city. Then take them to every EV factory in the world and ask them: "where are the EV harvesters, and 1-ton trucks?" Then take them to a lithium mine and show them the giant hole in the ground and tell them the giant hole only produced 5-10% lithium ore, and we need 500x more lithium to make the EV revolution happen for one generation of vehicles, so the hole needs to 500x(+) bigger, destroying the environment downstream even if the regulations are followed perfectly because accidents happen and unseen issues happen.
In other words, we gotta burn a lot of oil to physically transport people to put reality into the skulls of these idiots. It's no small wonder why the elite would rather just reduce the population, deal with the consequences of national and financial collapse, and get a few more centuries of oil abundance out of the ground.
Similarly, the administration is only buying oil at current (higher) prices in order to dump the SPR again closer to the election. They will stop at nothing for political gains.
Once someone re-calibrates their operating paradigm to match up with our current reality, they'll eventually question if foreign interests are influencing Biden's "policies" (or more accurately, the policies of the handlers that make the Biden puppets mouth move). From that position, it is not too far a leap to consider that the ultimate goal here is to increase U.S. economic and geopolitical vulnerability by undermining (as it were) our energy sector. This is not an oversight; it's being done *deliberately*. Any number of American adversaries benefit from a weak U.S. energy industry: Davos, China, the members of OPEC. Once sufficient levels of pain propagate out to a majority of the U.S. public, let's say milestones like $10/gallon gasoline or a major power grid failure on the East Coast, then even the most clueless and politically brainwashed segments of society will have their paradigm rattled, to the point where they are forced to think critically about the true explanations behind indefensible actions, like depleting the strategic oil reserves, simply for political expediency.
US energy policy has been a disaster for decades. Start dropping rigs on federal land and pump straight into the SPR. We need to end the war on fossil fuels and be realistic that we can't just press a button for a full green energy transition.
I totally agree the sale of the SPR oil last year was a mistake, a gimmick to temporarily reduce gasoline prices in the United States. But the use of the SPR in non-strategic ways is a bipartisan issue. Republicans supported sales from the SPR to help "balance the budget." It's too enticing an asset for politicians to not use in their typical sub-optimal ways. But hey, DOE bought 6 million barrels earlier this year and had put out a request to buy another 6 million in August...but now that prices are above $90/bbl, I assume that purchase is cancelled.
There are also technical limits to repeated drawdowns and refills of the SPR, especially if not properly managed. The amount of oil in the SPR today is not reflective of the actual amount of oil we could safely pull out of it. And doing so may permanently damage the existing caverns.
An additional point to consider is the fact that this Administration is filled with true climate prophets who want to see an end to oil and fossil fuels immediately. What better way to do that than sell down the SPR and create more risk in that market?
Not to be pedantic, but that defaced painting is Sunflowers by Van Gogh, not DaVinci. And those two twits should be unconscious.
Playing contrarian here, but the economic situation may be far worse than advertised, and the draining of the SPR is the only thing standing in the way of a major collapse or significantly higher inflation. Perhaps the only goal is to keep the ball in the air for as long as possible. US shale is down to Tier 2 acreage, and what remains may no longer be economic in an elevated rate environment.
Biden is a puppet. The real president is Obama (3rd term) whose strategic goal is destruction of the USA.
To me, the most interesting question regarding oil and gas is why we see supply not being able to pick up with demand. Specifically for oil, the only reason why there has not been a huge discrepancy between supply and demand is that natural gas liquids have been able to pluck this gap for the last 10 years.
Have we really encountered the dreaded peak oil scenario globally? One would certainly think so, however, on the other hand, we have had a 30-year underinvestment regime in fossile fuels which is obviously a huge burden on the industry. Perhaps, if energy had been a larger share of GDP (and we had not wasted some 5 trillion dollars on solar and wind which consume more energy than they actually produce), we would not peaked in oil supply over the last few decades. Who knows?
The US aka Biden and company have stupidly weaponized the financial system (sanctions) and tried to manipulate oil prices. OPEC has now weaponized oil! AND we get BRICS.
I agree that Sleepy Joe’s use of SPR to dampen the price increase at the pump is an election tactic. But looking at the charts, we still have half of the reserve. It’s either going to start being replenished slowly and expensively or this winter another (many) draws will be needed to keep the prices of heating oil and gas from creeping higher.
Either way the clear winner is the OPEC with price per barrel now around $100.
The only solution is to increase domestic production but that will take time.
Let’s Go Brandon!!
Oh.. WHY.. spell it out??!? I feel like such an Idiot.. ZeroSPR is really going to SUCK!! Oh my!
SUCKING PETROLEUM RESERVE=KFW=SUCK!
I love that scene in Bad Boys 2, classic.