Apparently the people behind Joe Biden realize the ridiculous prices at the gas pump are going to be a major political issue for them in the next election. As a result, they have decided to release 50 million barrels of oil from the strategic petroleum reserve (SPR), enough for approximately 3 days of demand. [Announcement Here]
The strategic reserve is intended as an emergency supply in the event of war or national crisis that demands we have some insurance measures to protect ourselves. The SPR is the world’s largest supply of emergency crude oil, and the oil stocks are stored in underground salt caverns at four storage sites in Texas and Louisiana.
The oil in the strategic oil reserve was previously paid for by taxpayers. What Biden is doing right now is giving reserve oil to energy companies who then turn around and refine it into gasoline for taxpayers to purchase. We get to buy it twice, and Biden wants to be thanked for doing it.
The Biden administration is going to lower gas prices for taxpayers by allowing taxpayers to purchase their own oil. Brilliant!
In related news, the Biden administration also held a call today [LINK] to announce their plan to ease inflation by printing more money.
“I know Scout,… I know buddy”… “I know”…
It’s all they got: smoke and mirrors.
And the media: I was listening to a local radio show this morning with a political pundit from a local Ivy league college guest who believes the oil companies are responsible for the increased costs of home heating fuel and gasoline. Neither she nor the talk show host mentioned the pipeline shutdowns or the oil and gas leases being cancelled. Unbelievable!
The dems came out the other day with this as their co-ordinated spin and all the media followed. The evil oil companies themselves are the cause of the price increases.
It will prob. work with their fans.
Obviously those facts are inconvenient and don’t suit the narrative.
The wise people (ahem!) I work with tell me the prices are rising because so many people are going back to work.
Im surprised they dont just give our oil reserve stockpile to Iran. Im sure Obamas main focus is to make sure we dont have any reserves at all.
Thank You for the Oil reserves President Trump and for making us energy independent and ending Mideast wars over oil.
I have read that they sent several tankers to Asia !
.
They did. From our strategic reserve.
Well, yeah cause China, without any concern for “Climate Change”, is never the less having an energy shortage.
Since they are the “manufacturer to the World” of coarse we are obligated to send them oil from OUR strategic reserve.
Insanity, just insane.
StateOfTheNation website has a iink it says 1.6 million barrels to CHINA.
But following that link I found some good news!
Navy Shipbuilding Contractor Suspends Vaccine Mandate After Workers Threaten to Leave | 21 Nov 2021 | A Navy shipbuilding company has ended its vaccine mandate after workers threatened to quit and the Navy confirmed it did not require the mandate. Huntington Ingalls Industries (HII), the parent company of Newport News Shipbuilding, is the world’s only manufacturer of the U.S. Navy’s nuclear-powered aircraft carriers. The company also serves as just one of two manufacturers of Virginia and Columbia Class submarines, employing more than 25,000 workers in Virginia. Newport had previously announced plans to require all 25,000 of its workers to be fully vaccinated by Dec. 8. The deadline was later moved to Jan. 4, to allow additional time.The deadline has now been “suspended,” with the requirement ended.
Expensive oil makes alternative energy more competitive. They can’t wean the public off of oil if it is 1/3 the cost of electric, solar, wind, or cow farts…
And once all the vehicles are electric, after oil and gasoline are banned, our power generation and grid won’t be able to supply enough electricity to charge all of those vehicles. We would need to start building nuclear and natural gas plants right now and work 24/7/365 to get anywhere close to the demand for electricity.
IIRC, (and I DO) PDJT said the reserves were depleted, when he took office, as were the Govt stockpiles of ventilators, etc.
The previous occupant of the Oval office, left the cupboards bare,…uh that would be Obama and Biden.
Leftists of every stripe are so arrogant in their assurance that they have all the answers. To everything. But their hubris prevents them from seeing – much less admitting – that they are utterly incompetent. I keep wondering just how many times must history repeat before people understand that every shade of Marxist doctrine is disastrous.
Obviously, it must be repeated at least this one more time.
I think its GENERATIONAL, because each generation has to learn the same, painful lesson, all over again.
And Marxists insure this, by dominating the education system, otherwise todays youth would know history, and reject out of hand this “new” version of an old con.
Be wary of confusing incompetence for deceit and purposeful manipulation. These people are evil.
Who says they can’t be BOTH evil AND incompetent?
Trump says the US will purchase oil to help battered energy companies (cnbc.com)
Bought it dirt cheap at the time and filled the Reserve like a good business man. A win-win for us.
yup
And, like everything else PDJT did, the Bidenites are reversing it and will no doubt drain the reserve of all of that nearly free oil, and either not replace it (highly likely) or print $ to refill it, at an inflated price.
This will spread like wildfire……
John Deere & Co. employees for reading the moment. After a month or so on strike, they won a contract this week that their union negotiators might not have dreamed of a year ago. The episode reveals how inflation is seeping into business decisions and worker demands.
Some 10,000 union workers for the farm-equipment giant approved a labor contract Wednesday, ending a strike that began Oct. 14. The contract includes an $8,500 restart bonus, an immediate 10% raise, two 5% raises and two large bonuses through 2026. Total retirement benefits for an average worker will rise by $270,000. Most important as an economic signal, wages will be adjusted each quarter based on inflation.
https://archive.md/mpMs8
Somebody tell DeSantis. I don’t think he’s going to adjust mine at all, much less each quarter.
How does DeSantis affect or adjust a negotiation between unions and workers??
and management
That’s Governor DeSantis ……troll back in your hole
Is it ok to call him Ron or Ronnie?
If, indeed we are in a long term, perhaps unending cycle of inflation, leading to hyper-inflation, eventually ALL of our systems will be forced to adapt.
Look at Venezuela, and many others as examples.
They begin putting in colas, (Cost of living adjustments) in minimum wages, etc.
First quarterly, then monthly, then weekly, then daily, and they attempt “price controls” as well,…which only creates a “black market” ,..We KNOW how this ends, we have SEEN it, time and time again.
It’s good to be Deere.
Is this the oil Trump purchased when prices were low? So there would be plenty for emergencies?
Yes.
They really overuse American families, they couldn’t give a rodent’s tail end about either America or families. Stop saving the American family, it’s killing me.
We are simply tax slaves.
Frankly, MANY are “Credit slaves” as well.
According to polls, which I believe cause its one of the few things thats not (yet) political, around 70-80 percent of American families;
Have no budget
“Stay afloat” (financially) by paying the minimum balance on their credit cards each month, and “robbing peter to pay paul”.
And would be homeless and without transportation if they lost their source of income.
Have NO savings or emergency funds.
These are “Credit slaves” living beyond their means.
Good thing the strategic oil reserve will never be needed for anything strategic.
And Biden will be “surprised” at how this won’t change anything regarding oil prices. Unless the goal is something different. Like emptying out the strategic oil reserve so it isn’t available when really needed.
So we’re going to use our emergency supply of fuel, leaving us with no emergency supply of fuel. That’s a terrible idea. Just as bad as begging OPEC to lower the price per barrel for the U.S.
It’s all part of Biden’s Green Energy Plan – in addition, he wants to make cars obsolete, according to him we are supposed to travel by bus and his beloved Amtrak.
Yeah, we have a plethora of both busses and trains here in rural Big Bend Florida. ? Shank’s Mare will be the new normal, I guess. Well, at least I have my horses. I can ride to work, lol.
WTI Oil Prices Extend Gains, Climbing 2.8% to Session-High $78.86 a Barrel
It was almost 83 a barrel not long ago. It has been slowly dropping since then. Yet the price at the pump INCREASEd during this drop. There is something else going on, most likely refiners are taking advantage. Some increase on their cost due to their deliveries and worker wages must have gone up. Driver shortage perhaps and a driver for a fuel tanker is another step up in license. Rookies is not want you want driving a fuel tanker. That should not be enough. Whole extra test to get the approval.
I have posted this before. It finally updated, BUT just one month, Stopped in July for a month or so. Seems they are intentionally not updating, close to quarter and a half behined.
Driving more??, look LOOK at the Drop in sales to the retail end where you buy. It is very dramatic. This does not compute.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=A103600001&f=M
The chart is in thousands of gallons. This shows an average daily usage over a month. So I believe you could multiply by number of days in the month to get total sales. HOWEVER the drop is all you need to visualize to see the dramatic drop in gasoline sales. Yet the price of a barrel kept climbing and climbing.
Oh goody. I will add that to my things to be thankful for…. I’ll remember to thank the lord master ruler too…
They’re not worried about the next election with the Ruby Freeman’s of the world and Dominion, mail in voting the selection’s in the bag.
No, they aren’t worried about a “Red wave” cause they know their accomplices, the GOPe will insure most Reps voted in in 2022 and 2024 are RINOS, and RINOS actually support everything the Bidenites are doing (they just lie, and SAY they don’t!)
There is a lot of stupid people in this country and they all vote democrats.
Even when they are dead.
And their pets!
or mitch mcconnell
No, plenty od stupid people keep voting for RINOS, under the delusion “they are better than a Dem”.
If we keep doing what we have always done, we’ll keep getting what we have always got; the SHAFT.
That will be 3 days of oil we will not have to fight the Chinese. This gives the commie rats another reason not to support Taiwan where about half our best computer chips are made. Think about that.
Will they send SWAT teams into private homes to removes old fossil fuel furnaces?
https://www.washingtonpost.com/climate-solutions/2021/11/03/ithaca-new-york-decarbonize-electrify/
If you get coal this year for Christmas you’re lucky!
Oils so nice, US taxpayers get to buy it twice!
” plan to ease inflation by printing more money”
It’s easy to laugh until you realize most people have no idea that printing more money is inflation.
I’m confuseded.
By definition, inflation is an increase in the money supply.
The elements of the commiectats game plan:
LIES-DECEPTION-DISTRACTION
Kafkaesqueadjective
: of, relating to, or suggestive of Franz Kafka or his writings especially : having a nightmarishly complex, bizarre, or illogical quality
When life has actually begun to imitate literature, you know that you reside in the Theatre of the Absurd. At this point, we can’t rightfully be surprised at anything this regime might do because with the absurd on the table, anything is possible.
My favorite is The Metamorphosis. We are all Gregor Samsa now.
Obama did the same thing. It was all a self serving political move.
Just like they thought the stimulus checks weren’t already ours (taxpayers). They don’t respect (taxpayer) money.
How is this supposed to lower gas prices, in the first place?
Hmmm…now I know why the government salt I put on my government cheese sandwich tasted a little oily. Maybe it was just residue from the shifty salesman, Slick Joe.
The SPR is for supply emergencies, not political emergencies!
And in any case, the “emergency” is of Biden’s making by acting in progressive marxist interests to make energy prices so high that consumption goes way down (de-industrialize Gaia and return us to foraging in the forests) and to make the enormously high prices of wind/solar etc. competitive.
The Dems handling of energy is no different than their handling of everything else in that it serves a very specific political agenda.
Not too long ago, under Trump, we were energy independent, net exporters, and energy prices were low-ish.
No wonder the majority of Americans voted to return Trump to office.
And for the record, crude futures are UP 2% today on the news that Biden is a moron!
Scout gets Joe, look worried and as soon the car stops RUN SCOUT RUN!
This is in the 1st paragraph of this announcement:
“As a result of the strong recovery in the United States, Americans have nearly $100 more per month in disposable income in their pockets this year”
Unf,,king believable. If anything, I’m $100 shorter, and growing.
Who believes this?
Some dipshizz who doesn’t have to budget.
Well now, if you use “the average” to figure this it is quite simple. If 2 pharma executive makes $5 billion off of experimental clot shots and 50,000,000 people lose $100 that still “averages” out to 50,000,000 people making $100. See how that works.
This is a cruel monetary joke on the American people!
We “are”! in the event of a war:
The federal government’s war against us, the proletariat and middle class.
There is no other explanation.
Interesting timing…
Thanksgiving week.
This is overt cruelty in our faces!
May hell open its jaws wide for these people!
If you hold those jaws open, I’ll shove them all in.
It’s “shake and bake” and I’ll “halp!” ?
Look to me that this a move which strengthens Sharty Joe’s and Hunter’s CCP buddies.
Instead of 10%, how about 20% to the Bug Guy due to “uncontrollable” inflation.
Biden’s energy “policy” also includes NO LONGER ENFORCING THE IRANIAN OIL EMBARGO.
This is another dirty little secret they don’t want the public to know.
Biden is doing his dual masters’ bidding: China and Shi’a Islam.
https://freebeacon.com/national-security/iranian-oil-sales-to-china-skyrocket-as-experts-say-biden-admin-turns-blind-eye-to-sanctions-enforcement/
High gas prices surely are preventing his 81 million voters from giving him his first boat parade (other than the parade of container ships bobbing at anchor daily.)
Wake me up when this is over. It is becoming hard to believe the voters put this guy in office, although, I do maintain he was put there by a cheating cabal that arranged his winning in at least 6 states. Notice it’s always the big cities that come in last and the votes flood in for the demonrat candidate. Anyhow, I don’t see how this will have any effect on the price of gas. Here in kalifornicate we’re approaching $5.00/gal average. Since I am in southern kal, my heating bills are not that bad due to the mild winters. I have relatives in the northern mid-west I need to pray they don’t freeze this winter.
When will rural counties LEARN and stop reporting their results timely. Hold them and force the big blue cities to announce first. Force. Them. To. Play. By. Their. Rules.
Earlier this year Facebook was replete with amateur liberal economists who were quick to point out that the rapidly rising fuel costs had nothing to do with the Biden Regimes disastrous decisions to reverse many Trump energy polices that led to the US becoming a net exporter. Policies like Keystone.
Those posts should be dug up and the person responsible should be asked what there thoughts are on this Biden action.
A judge stopped some parts of Bidens dictates. So that is part of it. Not everything got shutdown and it has been reopining. There is something fishy about all of this. I posted this chart earlier, here it is for you. Something is stinking up the retail sector. Driving miles are down for many reasons. I can tell from my travels while moving from one location to another.
People are not buying anywere the normal amount of fuel, according to .gov statistics.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=A103600001&f=M
‘That Is Hilarious’: Energy Secretary Cackles When Asked About Rising Gasoline Prices | The Daily Caller
Granholm found her magic wand.
So, what happens after the ‘3 days of demand’….lol
Noticed yesterday, the price at the pump for Regular in Allen, Tx is down 5-10 cents per gallon.
Just in time for travel this weekend.
Of course nothing in the news about the OPEC Government, whom JoeBama is trying to replace, told the US to pound sand when asked to pump more gas…or JoeBama’s domestic policy stopping production increases.
Its a living nightmare! What kind of people are giving birth to these things? I can’t even call them human anymore. Humanity requires intelligence.
Love the dog pic. A great WTF look.
If there is an emergency it is JoeBama himself. Everything he says, does or thinks turns to sh*t. IIRC, President Trump had just filled the strategic reserves after his policies had produced the lowest prices in decades. Speaking of gas, there was a lot of gaslighting in that press call.
As with all dogs, Scout knows exactly what’s going on. He senses it.
You all know I love the law and stand up to defend the “Rule of Law” not just talk the talk but actually fight for it.
Below is a beautiful write-Up on what I’ve been battling over these past few years regarding taxes and truly understanding the “Legal definitions” of the statutes. Enjoy…
A Small But Bright Point Of Light
https://losthorizons.com/N/172.htm#1
Stupid IDIOT…He needs to go..
Please freaking die already Joe… You worthless POS.
Kamala? Is that you?
He’s got insurance; do you REALLY want Kameltoe, or Pelosi to replace him?
Talk about same old wine (turned to vinegar) in a different old bottle.
And, the same people would be calling the shots, no matter who is the figurehead.
No, the swamp can’t be drained, it needs to be nuked, along with the 5 wealthiest counties surrounding it.
And, since thats not likely, it must be nuetered, by STATE governments refusing to comply.
I don’t have my hands on a crystal ball but I’m pretty sure things next spring will be worse. Millions suddenly unemployed next month, economic collapse as a result, treasury looted, home heating outages everywhere, overwhelmed hospitals from cumulative jab effects, rollout of draconian restrictions for unjabbed like freezing credit cards and SS, a dysfunctional military with all the healthy removed. And now, let’s deplete our SPR too. So, what would China have done different? Have they missed anything?
Most people think 2022 will be worse than 2021. You notice how no one talks about the future?
well the good news is WE are releasing 100 million tonnes of feathers.
that ought to do it
One might have to ask how this using up of our national emergency oil reserve, when there’s no emergency that wasn’t created on purpose, makes any sense. Seriously? If the Demented Fraud’s puppet masters could do much else to put the nation at risk, I don’t know what it would be. At the rate these pieces of human trash are destroying America, it won’t last until 2024. To further their wealth transfer, they have to bankrupt the nation, which is exactly their goal.
Hey, don’t underestimate their creative stupidity, they are working hard, right now, to come up with additional ways to f*ck things up.
And the ignorant plebs will all join the chorus. “YAAAAY!! All hail J! All Hail J!!!”
Hat tip Men in Black
Joe malarkey: how do all the buttons work?
staff:. we’ll explain them carefully at the appropriate time..
Joe:. I’m pushing all of them.
staff:. JILL!!!! he’s doing it again
Libtard Communist have no idea how to run anything which makes monetary sense. It is like hiring a one arm man to hang wallpaper. They totally lack; Rationale, Judgment, Commonsense. The fact they are Libtards serves as the evidence. It would be impossible to be a Libtard if you have; Rationale, Judgment, Commonsense.
Nancy Pelosi has just purchased an 11,000 square feet $25 million mansion on the ocean in Florida. Someone doesn’t want to pay exorbitant state and local taxes in San Francisco while thumbing her nose at the oceans rising from the so-call hoax of “Global Warming”. Gov. DeSantis should now ship all of those illegals she is dumping in Florida to this area of Florida.
A. – https://beforeitsnews.com/tea-party/2021/11/report-nancy-pelosi-has-purchased-a-new-home-in-one-of-the-reddest-states-in-america-2668565.html .
B. – https://www.zillow.com/homedetails/429-S-Beach-Rd-Hobe-Sound-FL-33455/45683380_zpid/ .
C. – https://washingtonpresstoday.com/2021/11/22/conservative-pundit-says-his-source-just-sent-him-this-photo-of-pelosis-new-seaside-mansion-in-jupiter-florida/ .
off topic, put it in the daily thread
Seems like the only price going down in the USA is, BAIL
I often wonder if we are even going to make it to the next election.
Well, that would be another explanation for why they are “doubling down” on everything they are doing, evincing no fear of political blowback.
Exactly HOW are they going to suspend Constitutionally mandated 4 year elections, I wonder?
It is exactly how they want you and the American people to wonder? They are in panic desperation and fear going to jail. The know their goose is cooked. However, hope we make a mistake and accept their bullshit.
There are only two endings; We become Communist controlled subjects or they go to jail. You should not be surprised they do and say what they do. You would too if it you in their circumstances.
The Circle Back Bitch will be telling you how good you have it and lower your expectations. After all there is no cut backs in malarkey.