dumbdems, wasting taxpayer $$$--EVIL
Sept 15, 2022 13:31:40 GMT -5
Katman, Riley, and 2 more like this
Post by ruppsrunt on Sept 15, 2022 13:31:40 GMT -5
dumbdems PREVENTED Trump from filling the national oil reserves at $24/barrel. But, senile has depleted the reserves and now commits to purchasing oil at about $80/barrel to replenish the supply.
Trump in March of 2020 was looking to stabilize the oil industry after Covid-19 hit in 2020 and crushed global petroleum demand. With oil at the time priced at about $24 a barrel, Republicans proposed spending $3 billion to fill up the reserve. But the idea became a political football in larger negotiations on trillions in coronavirus relief, with Senate Democratic Leader Chuck Schumer proclaiming that his party had blocked a “bailout for big oil.”
That decision effectively cost the US billions in potential profits and meant Biden had tens of millions of fewer barrels at his disposal with which to counter price surges.
It also will take more oil to fill the reserve than two years ago. In March 2020, the reserve had 634 million barrels stored out of a capacity of 727 million barrels. After a record drawdown last week, the reserve is down to 442 million barrels, its lowest level since 1984.
typical dumbdem, sheeple EVIL dumbass decision!!
www.yahoo.com/finance/news/biden-may-buy-oil-just-212325051.html
rr
Trump in March of 2020 was looking to stabilize the oil industry after Covid-19 hit in 2020 and crushed global petroleum demand. With oil at the time priced at about $24 a barrel, Republicans proposed spending $3 billion to fill up the reserve. But the idea became a political football in larger negotiations on trillions in coronavirus relief, with Senate Democratic Leader Chuck Schumer proclaiming that his party had blocked a “bailout for big oil.”
That decision effectively cost the US billions in potential profits and meant Biden had tens of millions of fewer barrels at his disposal with which to counter price surges.
It also will take more oil to fill the reserve than two years ago. In March 2020, the reserve had 634 million barrels stored out of a capacity of 727 million barrels. After a record drawdown last week, the reserve is down to 442 million barrels, its lowest level since 1984.
typical dumbdem, sheeple EVIL dumbass decision!!
www.yahoo.com/finance/news/biden-may-buy-oil-just-212325051.html
rr
