Last year some VERY Concerned People who totally weren’t just parroting right wing talking points fed them were freaking out over the Biden Admin using the Strategic Petroleum Reserve for the actual purpose it was created for. Now that the Biden Admin is refilling it they have gone silent but I am sure they are gonna be up in arms over this: https://www.reuters.com/markets/com...-gasoline-reserve-2024-draft-bill-2024-03-04/ Because again, these chuds totally knew what the SPR was before they were handed the talking point to counter falling gas prices and their position was totally a principled stance.
A level that will surely be the wrong one, because you're a very serious person with expertise in economics, and not at all because you're ideologically driven to declare thst everything Joe Biden does is bad.
We are supposed to trust a guy who cannot refill @Jenee to tell us about refilling things? I think not, now get back to work.
Two questions for Aunt Alice: 1) to what level should the SPR be to make you happy? 2) Do you think draining the entire reserve as proposed is a good idea or a bad one?
Okay. So what level would help you sleep at night, that is compared to when Trump was president and you didn’t give a shit?
Hope you aren’t waiting for an answer. He doesn’t have one. In reality he has no idea what the SPR is or what it is for. Probably had never heard of it until his misinfo feeders needed an excuse for inflation and gas prices subsiding and glommed onto ‘SPR, BIDEN BAD, HUUURRRR!’. But I’ll help him out by saying that I also don’t know what level the SPR should be. When not responding to or recovering from a supply crisis it is required that it cover 90 days net imports. We currently net import around -550,000 barrels of oil a day. As this is the RR I’ll forgo the math and just say -45m barrels is the current requirement. Which we easily have. As I have said before, just because we don’t need a huge SPR doesn’t mean we shouldn’t have one. I’m not sure what the magic number is. Is 700m barrels the magic number or is it just because that is the current max capacity? What size would we need to have to be able to ‘play the game’ like OPEC+ does with prices? How big should it be to be able to keep prices reasonable when there is a supply crunch but with enough unused capacity to also be able to keep our production going when they decide to flood the market to drive prices below our production threshold?
I'm not excited about it either way. It's just my civic duty to shit on Anc's parade about an economy that's been propped up by keeping gas prices down before an election.
I think it is worse than that. Only I would send UA on that job, so think about what that means in reference to what he said, and remember I own so much land in his head he cannot even bring himself to respond to me out of fear I might evict his ganglion from their home in the slime.
He called the helpdesk because he had trouble with velcro. I am thinking that concept has gone way past him.
Is it smug to point out you are an idiot who not only has no idea what the SPR is and what its purpose is but can’t even understand something so basic as 2021 being BEFORE 2024 and not a Presidential election year? https://www.whitehouse.gov/briefing...-and-address-lack-of-supply-around-the-world/ Does pointing that out make me smug or you just a hyper-partisan moron?
Considering UA thinks the SPR is nothing more than a dragon’s hoard of gold, a big pile whose only purpose is to be added to and slept on, this thread seems like a good place for cartoon content on that subject:
More great news for all those Very Legitimately Concerned People who aren’t just partisan hacks who’d never heard of the SPR until their misinformation slop providers told them to be Very Concerned about it: https://www.energy.gov/ceser/articl...olicitations-purchase-oil-strategic-petroleum Another week another 3m barrel purchase. I mean yeah sure it’s just… what’s the phrase you used back in October?… ‘a drop in the bucket?’… but 3m barrels this week, three million barrels next week, 3m barrels every week going back to October… at some point these drops in a barrel actually add up to a barrel no?
