Flashback
Ought to be a way to have CNBC column on Trump up at the same time when CNBC column on Biden advocates the same device.
I would say this...if there were a shortage of oil, release of the reserve would be a reasonable answer. In this case, deregulating Biden’s system, and allowing US production...would trigger the lessening of the price within 30 to 60 days.
But in the midst of this...remember, Joe isn’t making the decisions...his handlers are. All of them have stocks and ‘shorts’ to their portfolios.
Different physical laws applied when Trump was president. Down is now up, for example. Cars can float on sunlight. As long as we have a white hair-plugged president who can’t control his bodily functions in public, the economy doesn’t matter.
Hey Brandon, OPEN THE F-—ING PIPELINES, you moron.
IIRC, President Trump filled it to the brim.
Maybe we should stop exporting oil...to China for one.
It was mainly always discussed under the context of getting heating oil to northeastern homeowners. When it actually was done under a Democrat President, it was solely for the purpose of enriching pals of the administration and DNC. All sorts of ‘pals’ came out of the woodwork, formed oil companies and inserted themselves into the oil supply system as another seller middleman, adding more cost to the final product. They never even touched or handled a drop of oil. I remember reading about one of these pals operating out of an apartment in NYC.
50,000,000 barrels is a fart in a whirlwind compared to world demand each day. It hardly moves the needle. Even less so metered out in a niggardly pace as brandon’s gang will do.
All this action does is waste money and stir the pot. The SPR can only effectively accomplish one mission and that is to protect against an embargo or in time of war. Releases from it are not sustainable and not material to the world market and even if they are it is only for a short time.
Stupid is as stupid does.