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Biden says U.S. will tap strategic petroleum reserve as gas prices hover around 7-year high
CNBC ^ | 23 November 2021 | Pippa Stevens

Posted on 11/23/2021 4:23:56 AM PST by zeestephen

President Joe Biden said Tuesday that the administration will tap the Strategic Petroleum Reserve as part of a global effort from energy-consuming nations to calm 2021's rapid rise in fuel prices.

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


TOPICS: News/Current Events
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To: mewzilla

Deep States’ energy policy is as beneficial to its citizenry as its CoupFlu policy.


21 posted on 11/23/2021 4:49:19 AM PST by mewzilla (Those aren't masks. They're muzzles. )
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To: CIB-173RDABN

Gas went up 20 cents “on day one” of the Biden Kakistocracy

Lowering it now a nickel for a week or two still get people to Grandma’s house on Christmas Eve


22 posted on 11/23/2021 4:50:34 AM PST by digger48
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To: digger48

“Still WON’T...

Damn these glasses


23 posted on 11/23/2021 4:53:08 AM PST by digger48
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To: zeestephen

Isn’t a considerable portion of the cost of gas added taxes?


24 posted on 11/23/2021 4:55:07 AM PST by Leep (Save America. Lock down pres. Brandon!)
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To: odawg
All true.

Also, paralyze energy production; destroy the value of the dollar through inflation; weaponize federal LE to undermine the rule of law; and on and on.

25 posted on 11/23/2021 4:55:54 AM PST by facedown (Armed in the Heartland)
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To: Telepathic Intruder

Mojo Jojo has a lot of china made electric bikes to sell.


26 posted on 11/23/2021 4:58:13 AM PST by Leep (Save America. Lock down pres. Brandon!)
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To: mewzilla

According to that article, Congress agreed to the sale of our reserves to Asia. So, ask a member of congress what’s going on.


27 posted on 11/23/2021 5:01:18 AM PST by nuconvert ( Warning: Accused of being a radical militarist. Approach with caution.)
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To: zeestephen

For anybody still on Facebook,Remember all the lefties coordinating their defense of the Biden Regime by saying that there is no correlation between suddenly rising fuel costs and Biden’s decision to end Keystone, ANWAR, and other associated policies that helped make the US energy independent and a net exporter?

Dig up those posts and have them explain this.


28 posted on 11/23/2021 5:02:25 AM PST by scfirewall (....)
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To: CIB-173RDABN
what will he do when the reserve is gone?

golf clap ...

29 posted on 11/23/2021 5:03:22 AM PST by dartuser
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To: Leep

https://www.api.org/oil-and-natural-gas/consumer-information/motor-fuel-taxes


30 posted on 11/23/2021 5:03:43 AM PST by mewzilla (Those aren't masks. They're muzzles. )
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To: nuconvert

I don’t need to ask.

The sale has as much to do with lowering gas prices as vaxx mandates do in eliminating the coof.


31 posted on 11/23/2021 5:05:22 AM PST by mewzilla (Those aren't masks. They're muzzles. )
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To: mewzilla

Remove all federal and state taxes on gasoline for 6 months.


32 posted on 11/23/2021 5:15:27 AM PST by EQAndyBuzz (If you are vaccinated, you cannot get COVID from someone who is not vaccinated. Lighted up Karen!)
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To: zeestephen

About 7% of the total US strategic reserves. Short term impact on prices. Symbolic gesture for political reasons. We should be increasing domestic production, not tapping into our reserves.


33 posted on 11/23/2021 5:15:37 AM PST by kabar
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To: zeestephen

Cause the problem then attempt to fix the problem by eating the seed corn. Dumb move, Brandon.


34 posted on 11/23/2021 5:19:10 AM PST by JPG (You can't unjab the jab.)
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To: zeestephen

strategic petroleum reserve capacity: 714M barrels

usage per day: 18M

714/18 = 39 days


35 posted on 11/23/2021 5:27:17 AM PST by Flick Lives (The future is a quiet world)
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To: realcleanguy

It’s in the script. Joe has to act concerned or more people may finally catch on he is killing the country on purpose.


36 posted on 11/23/2021 5:32:57 AM PST by Dutch Boy (The only thing worse than having something taken from you is to have it returned broken. )
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To: zeestephen

how about eliminate gas taxes.


37 posted on 11/23/2021 5:33:36 AM PST by 1Old Pro (Let's make crime illegal again!)
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To: zeestephen

Terrible idea. If we get caught in a natural disaster or more pandemic related emergencies then there will be a world of hurt for everyone.
Not to mention, it really gives our enemies complete control over our energy supplies. Brandon doesn’t care though because he’ll be dead from dementia by the time we all have to pay the serious price for this.


38 posted on 11/23/2021 5:39:09 AM PST by JerseyDvl (During times of universal deceit, telling the truth becomes a revolutionary act.)
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To: zeestephen
I wonder what he'll try after the Strategic Petroleum Reserve is gone?
39 posted on 11/23/2021 5:48:21 AM PST by norwaypinesavage (Capitalism is what happens when you leave people alone.)
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To: zeestephen

What is the actual intended use of the reserve anyway?

In the total absence of supply, keep everyone’s tank full for x number of days?

Keep government tanks filled x number of days?

Keep everyone in a population of x’s tank filled for y number of days?

Keep diesel for trucks and trains only for x number of days?


40 posted on 11/23/2021 5:49:27 AM PST by fruser1
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