Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Biden Says Refilling Oil Reserve at $70 Per Barrel Will Make Money – Trump Wanted to Refill Reserves When Oil Was $24/Barrel, But Democrats Blocked Him (VIDEO)
The Gateway Pundit ^ | October 19, 2022 | Cristina Laila

Posted on 10/19/2022 11:56:15 AM PDT by Macho MAGA Man

When things are bad, it’s Putin’s fault.

“I have been doing everything in my power to reduce gas prices since Putin’s invasion of Ukraine caused prices to spike,” Biden said.

....snip.....

Biden also absurdly claimed he will be refilling the oil reserve at $70 a barrel to make money.

“By selling from the [oil reserve] at the higher price of $90 earlier this year and then re-filling it in the future at a lower price around $70 will actually make money,” said Biden.

Just two years ago the Democrats blocked President Trump from filling the Strategic Oil Reserves at $24 per barrel.

The Democrats cost the US BILLIONS in potential profits, Bloomberg News reported.

(Excerpt) Read more at thegatewaypundit.com ...


TOPICS: Business/Economy; Government; Politics; Society
KEYWORDS: fakepresident; gaywaypundit; globalistreality; joebiden; oilandgas; opec; opecplus; russia; sodomyblog; sor; spr; strategicreserve
As I've said before, this is all by design to put our national security and petroleum reserves in deep peril on behalf of China and the WEF.
1 posted on 10/19/2022 11:56:15 AM PDT by Macho MAGA Man
[ Post Reply | Private Reply | View Replies]

To: Macho MAGA Man

The only oil this wanker will buy at $70 is Russian price-capped oil….lol, as if they would sell it


2 posted on 10/19/2022 12:03:22 PM PDT by silverleaf (“Freedom ultimately means the right of other people to do things that you disagree with”. T. Sowell )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Macho MAGA Man

It’s cute he thinks prices will go down during his administration.

Only happen if the “non-recession” recession goes deep.


3 posted on 10/19/2022 12:04:47 PM PDT by RedMonqey
[ Post Reply | Private Reply | To 1 | View Replies]

To: Macho MAGA Man

This is the absolute dumbest, stupidest, most idiotic thing I’ve ever seen in my life. Pedo Joe doesn’t know what the f***ing h*** he’s doing here.


4 posted on 10/19/2022 12:06:11 PM PDT by E.G.C.
[ Post Reply | Private Reply | To 1 | View Replies]

To: Macho MAGA Man
Just two years ago the Democrats blocked President Trump from filling the Strategic Oil Reserves at $24 per barrel.

How do you block the Prez from refilling the Strategic reserve?

5 posted on 10/19/2022 12:10:32 PM PDT by Hyman Roth
[ Post Reply | Private Reply | To 1 | View Replies]

To: Macho MAGA Man

Trump was right again

Libtards don’t even understand basic math much less economics or commodities


6 posted on 10/19/2022 12:11:20 PM PDT by NWFree (Somebody has to say it 🤪)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Hyman Roth

Probably by refusing to pay for it


7 posted on 10/19/2022 12:12:00 PM PDT by NWFree (Somebody has to say it 🤪)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Hyman Roth

And I was right again

“ But congressional Democrats, led by then-Senate Minority Leader Chuck Schumer, D-N.Y., opposed the funding, which Schumer framed as a “$3 billion bailout for Big Oil.” Schumer accused Trump of “bending over backwards to shower these oil companies with billions of taxpayer dollars.”

https://www.foxbusiness.com/politics/biden-strategic-petroleum-reserve-dems-shut-down-trump-refill-effort


8 posted on 10/19/2022 12:15:50 PM PDT by NWFree (Somebody has to say it 🤪)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Macho MAGA Man

You CANNOT fix retarded.


9 posted on 10/19/2022 12:16:21 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Macho MAGA Man

Just going to point out that we do not need the oil reserve. Our oil is already reserved. Its all over the country in the ground and easily accessible. We can frack it out at anytime quickly and easily. We know where it is. And its diverse. The oil reserve puts a lot of oil all in one place. We no longer need a oil reserve as long as we have so much easily fracked oil in known vast quantities under the ground.


10 posted on 10/19/2022 12:18:57 PM PDT by poinq
[ Post Reply | Private Reply | To 1 | View Replies]

To: poinq

I have to disagree. It takes a lot to set up drilling equipment to frack in an emergency. What you propose is not feasible in a national emergency.


11 posted on 10/19/2022 12:30:34 PM PDT by Macho MAGA Man
[ Post Reply | Private Reply | To 10 | View Replies]

To: Macho MAGA Man

Brandon is incapable of running a lemonade stand. . . .


12 posted on 10/19/2022 12:47:46 PM PDT by RatRipper
[ Post Reply | Private Reply | To 1 | View Replies]

To: E.G.C.

I consider it Devine intervention that the Democrats blocked Trump from buying oil at &24/gal Biden would have had more oil to dump on the market and could have perhaps gotten more Democrats elected


13 posted on 10/19/2022 2:33:00 PM PDT by carcraft (Pray for our Countr)
[ Post Reply | Private Reply | To 4 | View Replies]

To: NWFree

The pic of Trump on that link was hilariously over tweaked to make him look extra orange. Look at his tie at what a bright, bright blue that is. They oversaturated it. Easy to do.


14 posted on 10/20/2022 10:45:07 AM PDT by FamiliarFace (I wish “smart resume” would work for the real world so I could FF through the Burden admin BS.)
[ Post Reply | Private Reply | To 8 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson