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Is Biden Draining the Strategic Petroleum Reserve?
RigZone via Imgur ^ | 11/11/21 | Kumar

Posted on 11/12/2021 11:30:40 AM PST by silverleaf



TOPICS: Business/Economy; News/Current Events
KEYWORDS: bloggers; oil; reserve; stockpile; strategic
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Is Biden admin draining the Strategic Petroleum Reserve and shipping our SPR stockpile to Asia?

Is anyone in Congress awake anc at the helm of the Ship of State?

1 posted on 11/12/2021 11:30:40 AM PST by silverleaf
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To: silverleaf

“The Strategic Petroleum Reserve (SPR) should not be used to manipulate the crude oil market or product markets.

That is the long-held view of the Independent Petroleum Association of America (IPAA), the organization’s chief operating officer, Jeff Eshelman, highlighted in a statement sent to Rigzone recently.

“It should be a safety net in case of disruption of crude oil supplies. Policy makers should oppose all non-emergency sales of oil,” Eshelman said.

https://www.rigzone.com/news/spr_should_not_be_used_to_manipulate_oil_market-11-nov-2021-166983-article/


2 posted on 11/12/2021 11:33:39 AM PST by silverleaf (“Freedom ultimately means the right of other people to do things that you disagree with”. T. Sowell )
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To: silverleaf

BFL


3 posted on 11/12/2021 11:34:43 AM PST by VTenigma (The Democrat party is the party of the mathematically challenged )
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To: silverleaf

Clueless Joe will do whatever harms America. Period. He knows he’s only got until next November to cause total destruction.


4 posted on 11/12/2021 11:34:45 AM PST by Spok
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To: silverleaf

IF CHINA TELLS HIM TO...................


5 posted on 11/12/2021 11:34:46 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: silverleaf

Sounds like something the dems would do.


6 posted on 11/12/2021 11:34:56 AM PST by BuffaloJack (Socialism always ends in concentration camps and murder.)
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To: silverleaf

Xi needs oil for winter, and SloJo needs his 10%.


7 posted on 11/12/2021 11:35:35 AM PST by VanShuyten ("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals)
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To: silverleaf

He wants to completely drain America of oil so that we’d be totally dependent on OPEC just like during Carter. If people thought there were long gas lines then, just wait. We’ll totally collapse. But wait one! We’ll have renewable energy to save us.


8 posted on 11/12/2021 11:36:56 AM PST by SkyDancer (Let's Go Brandon!)
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To: Spok

“.Clueless Joe will do whatever harms America...”

^THIS^
Lets Go BRANDON!!!!


9 posted on 11/12/2021 11:38:01 AM PST by lgjhn23 (Pray for America....)
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To: silverleaf

It’s all intentional. You cannot make a case for solar and wind at current prices. Oil has to be cut off, gas has to be $5/gallon. This is all to get to their green dream, while poor and middle class suffer. ... and while they offer no alternative in power so that’s going to be fun when all cars are electric and our grid cannot handle it.


10 posted on 11/12/2021 11:39:36 AM PST by Marko413
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To: silverleaf

Need more verification that this is happening. Doubt that no one in Congress is aware of it.


11 posted on 11/12/2021 11:43:34 AM PST by kabar
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To: silverleaf

What’s 10% of the value of the SPR?


12 posted on 11/12/2021 11:43:43 AM PST by vikingd00d (chown -R us ~you/base)
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To: VanShuyten

This is no different than using the military for their own social agenda. Why have a reserve if you’re not going to use it? Jimmy Carters’ idea. Do you think he’d tap into his own baby? Al Gore did the same in an election year-2000. It’s all one and the same. Power is to be used with these folks. Remember the parade where military men had to walk in pink high-heels? I still don’t believe it’s possible.


13 posted on 11/12/2021 11:43:43 AM PST by DIRTYSECRET
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To: silverleaf

Biden is pooping his pants, eating ice cream, and dreaming about Corn Pop and little girls.


14 posted on 11/12/2021 11:45:22 AM PST by EEGator
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To: silverleaf

Our REAL reserves are in TX and the Dakotas. This will do little or exacerbate the current situation. 😳🐴💩


15 posted on 11/12/2021 11:45:25 AM PST by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: silverleaf

It’s almost like they’re preparing us to be caught with our pants down when China invades Taiwan and Russia invades Ukraine.


16 posted on 11/12/2021 11:46:16 AM PST by Antoninus (Republicans are all honorable men.)
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To: kabar

Much of the reporting is by Bloomberg, which cannot be shared here

But as far as Congress being clueless…lets ask these energy and economic geniuses about their management and decisions here.


17 posted on 11/12/2021 11:49:04 AM PST by silverleaf (“Freedom ultimately means the right of other people to do things that you disagree with”. T. Sowell )
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To: silverleaf

Of course the dick head is doing that. Morons do as morons do.


18 posted on 11/12/2021 11:49:07 AM PST by Mouton (The enemy of the people is the media )
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To: Antoninus

And Iran announces its bomb…


19 posted on 11/12/2021 11:49:51 AM PST by silverleaf (“Freedom ultimately means the right of other people to do things that you disagree with”. T. Sowell )
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To: silverleaf

When all the oil and SPR is gone they will have to refill the supplies at market price from whoever now does that make any sense whatsoever


20 posted on 11/12/2021 11:50:59 AM PST by Captain Peter Blood (https://www.freerepublic.com/focus/bloggers/3804407/posts?q=1&;pag, and that)
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