Posted on 04/20/2022 6:58:07 AM PDT by SeekAndFind
Biden’s executive orders ending the Keystone Pipeline, along with exploration and drilling on almost all federal land, when combined with the Democrats’ and RINOs’ uncontrolled spending (made possible by printing money), has created unprecedented inflation in America. To try to stave off the worst of it before the mid-terms, Biden recently announced he was releasing 1 million barrels of oil per day from our Strategic Petroleum Reserve. However, it turns out that he’s sending at least some of that oil to Europe!
When you have a government that destroys America’s energy independence, you’re going to have rising fuel prices. (As an aside, Congress really needs to end the president’s—any presidents’—power to have that kind of control over oil transport, drilling, and exploration in America.) Maybe Americans could sustain those increased fuel prices but, if you add to that Modern Monetary Theory, which says that America can just print money forever and no one will notice, you’ve got trouble, big trouble.
In this case, the trouble is the worst inflation in over 40 years. That’s probably inaccurate, though, and inflation is actually worse than it’s ever been. The fact is that, since the inflationary 1970s, the government has meddled with how inflation is calculated. If we used the old metrics, the inflation in America, which has also risen faster than in anyone’s lifetime, is much higher already than it was in the 1970s. We’re in deep doo-doo.
Because economics determine election outcomes, the fact that the Democrats have overseen this economic collapse is a sign that they’re going to be destroyed in the midterms. It doesn’t help when you add in the open border, gender madness, the Afghanistan debacle, and rising crime.
(Excerpt) Read more at americanthinker.com ...
SOURCE:
https://www.zerohedge.com/commodities/oil-bidens-emergency-spr-release-heading-europe
Joe Biden’s decision to release 180 million barrels of oil from the US Strategic Petroleum Reserve - one million barrels per day for 180 days, ending just before the midterm elections which the Democrats will lose in an avalanche - was meant to help lower US gasoline prices “because Putin price hike.” Instead, it is heading for Europe.
According to Bloomberg, citing a person familiar with the matter, the Suezmax ship Advantage Spring - sailing for Rotterdam, according to ship-tracking data compiled by Bloomberg - received emergency SPR sweet crude from Energy Transfer’s Nederland oil facility around April 1 for export.
The Suezmax also received SPR crude from Aframax Eagle Hatteras, which loaded at same [sic] terminal in first week of April.
Is there a list long enough for treasonous acts?
This could mean that Europe is ready to stop accepting Russian oil.....which they have not done until now.
Our oil is meant to prevent a total economic collapse of Europe if they choose to do this.
Meanwhile, Russia is profiting nicely as their oil exports are at similar level to those before the invasion....but the price per barrel is higher thanks to the rhetoric coming from the west.
FJB and his evil band of flying monkeys....
This SOB is an outright traitor to the American People.
Dems are much better at solving imaginary problems like gender terms than real problems like producing energy for food production.
Most likely it means BIDEN has diminished America's strategic resources to a point it is open to invasion and destruction.
This simply has to be a bald-faced lie. There is no way the administration could be stupid enough to do that. I do NOT believe this.
We are being invaded.
PRAY!
US taxpayers are being gang raped by the unelected DC criminals!!
Sung to tune of FLIPPER
And they call them GRIFTERS
GRIFTERS
GRIFTERS of thee
No one you see
Steals more completely
And we know that GRIFTERS
Steal all not nailed down
across the town
Hiding their graft, hiding it fast
They all love to take, all they don’t make
Ever so low, as low as can go
Bait and switch,
adults or kids they’ll bewitch
And they laugh at taking your cash
They are called GRIFTERS
GRIFTERS
GRIFTERS of we
Stealing from you
Stealing from me
And we know that GRIFTERS
Steal all not nailed down
Stealing from me
Stealing from thee.
.
I wouldn't be so sure about that. Especially if elements of said administration and its party have expressed hatred for the country they supposedly represent.
And if you believe the WEF/Davos and Soros types have their rat claws in our political institutions, then its screw the people of the US in favor of their own interests.
This reminds me of "Atlas Shrugged", where in this case "pirate" Ragnar Danneskjold was "reappropriating" wealth stolen from the productive to support corrupt governments.
The use of the SPR is hideously stupid. First, this is not strategic a use. The SPR exists for times of real national emergency when there is extremely limited sources of oil and should be used for national defense. Second, the release of 1 million barrels per day does very little to the price of oil. The world consumes approximately 97 million barrels of oil per day. Thus, the release puts about 1% more oil on the market. That does not move the price of oil. There are many other factors that move price much more substantially. Lastly, the oil in the SPR needs to be replaced and taxpayers will have to replace it with more expensive oil with money the Fed has to print, thus further increasing inflation.
LGB, how about you just drain it completely and REMOVE ALL DOUBT that you are a TRAITOR!! Show some backbone man and go FULL TRAITOR.
You are about as incompetent as NERO who fiddled while Rome burned. In your case you are a DIDDLER not a fiddler. Easter Bunny can’t save you now you MORON.
Too much coffee?
Someone should put that list together for the GOP idiots. Obviously, they can’t do it.
Biden didn’t decide this, one of his bureaucratic camp followers did this. I want to know the name and position of the peckerhead who first floated this notion.
If it takes 7 gallons of oil to make a tire what are Biden’s back up plan.
And for copolymere plastics
Asphalt
Shingles..................................................
The official rate is 8.5% for inflation. I’m guessing the real rate is at least 17% averaged over all goods and services, but it wouldn’t surprise me if it were north of 20%.
bureaucratic camp
/\
The S.E.S. & Globalist politburo.
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