Strategic Petroleum Reserve

[Anonymous]

So, when is Joe going to refill the SPR he brought to record lows prior to the midterms?

[Anonymous]

The amount he’s releasing will have zero impact on domestic pricing and you may recall that much of the last release found it’s way to China which didn’t seem to make anybody in the media at all curious.

You don't understand how this works. The idea is that the market for petroleum is global. Oil from the SPR is sold on the global market to the highest bidder. The highest bidder for some of it happened to be from China. The existence of additional oil supply in the global market (in principle) lowered the price of oil for everyone.

We can argue if it has been a good idea to make SPR oil available to the market at all and, if so, when, but the general idea is that it serves to increase the supply of oil and therefore decrease its price. There would not have been a significant difference if it had been made available only to US bidders, aside from the government (likely) getting a lower price for it, due to having fewer bidders (and, as noted above, limited domestic refining capacity). In reality, none of this has much of an effect on gas prices at the pump.

[Anonymous]

The need for topping off the SPR is being reduced every day by our economy shifting to clean EV’s.

Why bother investing in keeping a supply of filthy oil, when we as a nation are shifting to renewable and zero-emission options? The SPR is a thing of the past - a dinosaur!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The need for topping off the SPR is being reduced every day by our economy shifting to clean EV’s.

Why bother investing in keeping a supply of filthy oil, when we as a nation are shifting to renewable and zero-emission options? The SPR is a thing of the past - a dinosaur!

Does this mean that when the US gets involved with a ground war in the Middle East, we can only use tanks when its sunny out, or at a range of no more than 30 miles? Will there be charging stations stations along the way?

You misunderstand the purpose of the strategic petroleum reserve.

You know who misunderstood the purpose of the SPR? Biden.
It's not intended to be accessed when gas prices go high because of one's policies and to bring down prices prior to midterm elections.

Per Reuters:

"The United States created the SPR in 1975 after the Arab oil embargo spiked gasoline prices and damaged the U.S. economy. Presidents have tapped the stockpile to calm oil markets during war or when hurricanes hit oil infrastructure along the U.S. Gulf of Mexico."

https://www.reuters.com/business/energy/what-is-spr-emergency-oil-stash-biden-may-tap-2021-11-18/

[Anonymous]

Anonymous wrote:Some people will be upset no matter what Biden does despite the fact that the things he does are for the good of the country.

this!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:Op- the only "emergency" is that dems are about to be wiped out in the midterms.

Which is totally not an emergency. The whole thing pisses me off and I hope we don't have an actual emergency where we would need to tap an empty reserve.

It's an extreme emergency. The republicans attempted a coup not long ago and and are a threat to our democracy. If they get in power, the end begins. Use the reserve if it helps.

The irony is.. if you have to exclude Republicans from your "democracy" then it isn't really a "democracy" to begin with.

Wrong. Criminals are not allowed to vote and it’s still a democracy.

Are you suggesting it is a crime to vote R?

Give it a couple more years of democrat congress. They’ll get around to it.

LOL if anyone is trying to take away right from people-it's R's. So if people stop voting for them it's their own doing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Op- the only "emergency" is that dems are about to be wiped out in the midterms.

Which is totally not an emergency. The whole thing pisses me off and I hope we don't have an actual emergency where we would need to tap an empty reserve.

It's an extreme emergency. The republicans attempted a coup not long ago and and are a threat to our democracy. If they get in power, the end begins. Use the reserve if it helps.

So what you’re saying then, is that the president needs to both attempt to manipulate the global oil market AND use our own emergency supply of oil in order to interfere with an election - so that dems don’t get clobbered next month?

Put another way: “we have to manipulate the election to make sure it’s a ‘fair’ election for us”



Yep. That’s the modern democrat party.


Bravo. Give yourselves some applause.

The republicans have no standing to lecture anyone about modern election behaviors. Sorry. You don't respect election outcomes do I don't respect your opinion.

Just curious - how long will it take you to respect democracy again?

Why would you care? You have your new order. You win or you throw a temper tantrum to get your way. You don't care what I think...you tried to throw my vote in the garbage.

I don't even know why you bother with this thread or with voting or elections. Just gather up your thugs when needed and get what you want by violence.

Listen to yourself. I was disappointed in November 2020 that my guy didn't win and horrified on January 6. But that doesn't mean I've suddenly become a progressive. I think you guys are wrong on policy and I will continue to advocate for what I think is right for our country. You're suggesting that everyone who thinks like me is wrong not just because of policy but because we are bad people. Only one of us thinks that about the other side.

I'm not the PP but you are full of nonsense-one side. Just look at republicans behavior-it's atrocious. You all try to control everything especially women and people who are different than what they "think" is right. They drag religion in to your politics. State and church-theres a line.

[Anonymous]

Anonymous wrote:The need for topping off the SPR is being reduced every day by our economy shifting to clean EV’s.

Why bother investing in keeping a supply of filthy oil, when we as a nation are shifting to renewable and zero-emission options? The SPR is a thing of the past - a dinosaur!

+1000

[Anonymous]

Anonymous wrote:The need for topping off the SPR is being reduced every day by our economy shifting to clean EV’s.

Why bother investing in keeping a supply of filthy oil, when we as a nation are shifting to renewable and zero-emission options? The SPR is a thing of the past - a dinosaur!

What you fail to recognize is that we are decades away from ending our general use of fossil fuels. Decades.
Meanwhile, we have a war in the ME that has the potential to impact the supply of oil.....
And, an SPR that is about 50% of what it should be thanks to Biden.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So republicans/Fox News attack Biden for not doing anything about gas prices. When he does do something it’s all politics?

LOL

“Doing something” would be more oil production and refining here in the US. Not begging the Saudis to keep prices down until the election, so dems won’t be hurt at the polls. Not putting 250,000 acres of land off limits to drilling the same week you further deplete our strategic reserves. Not having the NMFS put thousands of additional square miles of offshore oil fields on a prohibited status while groveling to China to put more of their oil on the world market. Not canceling a pipeline that gets oil from Canada down to the gulf for export on the world market, thus lowering the overall market prices. And the NEWEST refinery in this country was built when Joe Biden was still in his late 20’s - and he’s 80 now!

Countering any of those things would be “doing something”.

All Joe did was try (and fail miserably) to keep prices down until after people voted.

UNITED STATES DOMESTIC OIL PRODUCTION IS AT RECORD LEVELS RIGHT NOW.

What's the refining capacity?

Also increasing.

https://www.eia.gov/todayinenergy/detail.php?id=57220

Decreasing it anything. It doesn't matter how much oil there is if we can refine it, prices will sky rocket.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So, when is Joe going to refill the SPR he brought to record lows prior to the midterms?

The person really in charge of spr policy is an isrseli-Jew who was on the board of naftogaz (Ukraine) — amos hochstein

Suffice to say, what’s best for America isn’t his top priority

No - the person ultimately in charge is Joe Biden. He chose to drain it prior to midterms to help pull his poll numbers up.
Now, it needs to be replenished.

NP - yep. Spr is for actual energy emergencies. Biden was totally irresponsible.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So republicans/Fox News attack Biden for not doing anything about gas prices. When he does do something it’s all politics?

LOL

“Doing something” would be more oil production and refining here in the US. Not begging the Saudis to keep prices down until the election, so dems won’t be hurt at the polls. Not putting 250,000 acres of land off limits to drilling the same week you further deplete our strategic reserves. Not having the NMFS put thousands of additional square miles of offshore oil fields on a prohibited status while groveling to China to put more of their oil on the world market. Not canceling a pipeline that gets oil from Canada down to the gulf for export on the world market, thus lowering the overall market prices. And the NEWEST refinery in this country was built when Joe Biden was still in his late 20’s - and he’s 80 now!

Countering any of those things would be “doing something”.

All Joe did was try (and fail miserably) to keep prices down until after people voted.

UNITED STATES DOMESTIC OIL PRODUCTION IS AT RECORD LEVELS RIGHT NOW.

LOL. Joe presided over record American oil production. That must break Republican's brains. It certainly shreds their dumb talking points.

Biden’s planning to run on fracking. Sounds good to me...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So republicans/Fox News attack Biden for not doing anything about gas prices. When he does do something it’s all politics?

LOL

“Doing something” would be more oil production and refining here in the US. Not begging the Saudis to keep prices down until the election, so dems won’t be hurt at the polls. Not putting 250,000 acres of land off limits to drilling the same week you further deplete our strategic reserves. Not having the NMFS put thousands of additional square miles of offshore oil fields on a prohibited status while groveling to China to put more of their oil on the world market. Not canceling a pipeline that gets oil from Canada down to the gulf for export on the world market, thus lowering the overall market prices. And the NEWEST refinery in this country was built when Joe Biden was still in his late 20’s - and he’s 80 now!

Countering any of those things would be “doing something”.

All Joe did was try (and fail miserably) to keep prices down until after people voted.

UNITED STATES DOMESTIC OIL PRODUCTION IS AT RECORD LEVELS RIGHT NOW.

What's the refining capacity?

Also increasing.

https://www.eia.gov/todayinenergy/detail.php?id=57220

Decreasing it anything. It doesn't matter how much oil there is if we can refine it, prices will sky rocket.

Great, where do you want the next refinery to open? In your backyard? Down the street?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So republicans/Fox News attack Biden for not doing anything about gas prices. When he does do something it’s all politics?

LOL

“Doing something” would be more oil production and refining here in the US. Not begging the Saudis to keep prices down until the election, so dems won’t be hurt at the polls. Not putting 250,000 acres of land off limits to drilling the same week you further deplete our strategic reserves. Not having the NMFS put thousands of additional square miles of offshore oil fields on a prohibited status while groveling to China to put more of their oil on the world market. Not canceling a pipeline that gets oil from Canada down to the gulf for export on the world market, thus lowering the overall market prices. And the NEWEST refinery in this country was built when Joe Biden was still in his late 20’s - and he’s 80 now!

Countering any of those things would be “doing something”.

All Joe did was try (and fail miserably) to keep prices down until after people voted.

UNITED STATES DOMESTIC OIL PRODUCTION IS AT RECORD LEVELS RIGHT NOW.

What's the refining capacity?

Also increasing.

https://www.eia.gov/todayinenergy/detail.php?id=57220

Decreasing it anything. It doesn't matter how much oil there is if we can refine it, prices will sky rocket.

Great, where do you want the next refinery to open? In your backyard? Down the street?

We don't have space with NFL stadium handouts coming.

[Anonymous]

Guess who is refilling the SPR at these low per-barrel prices?