Who needs the Strategic Oil Reserve

[Independent Voter]

This is what that ass in the Oval Office is doing. About 1.6 million barrels of crude from the U.S. Strategic Petroleum Reserve — a monthly record — was shipped out in October, according to data from market intelligence firm Kpler. Three cargoes were loaded onto a supertanker in the U.S. Gulf Coast and are headed to Asia. “Given the ongoing pace of the current SPR release — 12 million barrels in the last two months, BloombergQuint reports.

Could one of y'all biden voters tell me just how this is helping the U.S. ? .

[Dave Grubb]

Read all you want IV:

https://www.reuters.com/business/ene...es-2021-11-17/

https://www.bloomberg.com/news/artic...s-in-the-works

https://www.bloomberg.com/news/artic...tegic-reserves


If you finish them and would like more---just let me know.

BTW---the crude price is down 2.84% today.

[Truckman]

---the crude price is down 2.84% today.

I'll breathe easier when I see a corresponding drop at the diesel pump......Ben

[Honda]

Robbing Peter to pay Paul. Another example is the Biden administration taking funds appropriated under the covid relief act and using them to supplement heating bills which will skyrocket this winter.

[Dave Grubb]

WTI closed yesterday -3.15%.

[Mike]

WTI has dropped appox. $10 per barrel since Oct. 25.