Trump's Department of Energy putting 40,000,000 barrels of oil from the Strategic Petroleum Reserve up for auction in an effort to get more crude on the market and help stabilize prices that have spiked due to the war in IranThis is on the same day that same DOE released data showing the SPR is currently at its lowest level since the early 1980s
If this sale goes through, in addition to existing commitments already made that are not yet reflected in the bi-weekly SPR report, it will bring the reserve levels close to if not lower than their lowest levels since the program was created
Here's Trump in 2022 arguing the SPR is for active wartime scenarios and not for bringing down high priceshttps://www.foxbusiness.com/video/6287780481001What changed in the four years since he said this?
>>536826865That’s why it’s called strategic, you buy low and sell high, probably made 4x on those fossils.
>>536827205the migger cultists got the v7.0 software update
>>536827205I mean Trump in 2016-2024 was saying that stupid overseas military engagements were the height of folly and he would never do them.He'd just tell you that he never said that.And because he IS MAGA, you are obligated to accept that.
>>536826986Zoom out
>>536827678What's your point?
>>536826865It's part of the 172 million barrels worth of crude oil release announced back in March you retard, the draw down will last until late August mid September
>>536827924And we're already back to the lowest level we've been at since the very bottom of when Biden tapped the reserves.https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=WAnother 40,000,000 will just bring us even further down, combined with other existing obligations as part of that 172 million barrels will drop us below 300,000,000 barrels, which hasn't happened since the early 80sIf any more reserves beyond that are tapped, we'll not only be at the lowest point ever
>>536828194But we'll begin to enter the territory where the actual physical containment sites of the oil could potentially begin to break down
Biden drained it.
>>536828194It's not "another 40,000,000" though you retard that's my point, it's part of the 172 million release that was already announced, so this isn't new information you dense cunt, we already knew that the release would drain the SPR from 415 million to 243 million
>>536828194I'm not overly concerned. I'm aware that the military will take its cut of oil for its own use before we see a drop but stupidity warrants suffering so I'll let it slide
>>536828339And Trump started a war that destabilized the entire global energy economy without refilling them first>>536828359Look at the data in the link I posted that you ignoredThey haven't taken 40,000,000 barrels that haven't even gone up to auction yet off the books.
>>536828442My main concern is we're just now getting into hurricane season. If a bad one hits the refineries off the Gulf Coast and they go offline while all of this is happening we might actually be fucked.
>>536828462THEY'VE BEEN DOING THE RELEASES IN BATCHES YOU DUMB CUNT, THIS 40 MILLION IS PART OF THE 172 MILLION THAT WAS ANNOUNCED IN MARCH YOU ILLITERATE MUTT, THE DRAWN DOWN TAKES PLACE OVER MONTHS YOU FUCKING MORONIC NIGGER, THE DRAW DOWN WON'T BE COMPLETED UNTIL MID AUGUST AT THE EARLIEST, WE ALREADY KNEW THE SPR WOULD BE AT 243 MILLION BARRELS WORTH OF CRUDE OIL DUE TO THE RELEASE OF 172 MILLION BARRELS WORTH OF CRUDE OIL ANNOUNCED IN MARCH, NOTHING HAS CHANGED, THIS IS THE RELEASE OF ANOTHER BATCH PART OF THE ALREADY ANNOUNCED RELEASE IN MARCH THAT IS STILL CONTINUING, THIS IS NOT NEW, THIS DOES NOT CHANGE THE FIGURE OF 172 MILLION BARRELS RELEASEDKILL YOURSELF
>>536828648The draw down was deliberately done in phases with the understanding that if the war was over with quickly there would be no need to auction off any additional reserves on the chopping block. Because what idiot would actually follow through on emptying out the reserves that much.Nobody actually thought Trump was going to be stupid enough to go through with deliberately bringing the SPR down to critically low levelsBut now the war is on month four and the dumbass is actually going through with itI suppose the mistake was underestimating the complete incompetence and stupidity of Donald TrumpBut then, after ten years, anyone still doing that is also retarded, so there's blame to go around
>>536828648>He does something crazy>You rationalize, and try to explainThis is typical of abusive relationships. You're the bitch here btw.
>>536826865Slide this thread
>>536828339
>>536829226>“It’s called the Strategic National Reserves, and it hasn’t been full for many decades. In fact, it’s been mostly empty. It’s supposed to only be used for large-scale emergency or conflict,” Trump continued. >“Now I see where Biden has just announced he’s going to take what we so carefully and magically built, and [sic] what will be a futile attempt to reduce oil and gasoline prices. They will soon bring it down to empty again. It just never ends!”https://nypost.com/2022/03/31/trump-accuses-biden-of-emptying-us-oil-reserves/
>>536828893The SPR is done in batches due to how it's designed you dumb cunt>>536829198Point to my post where I said I agreed with it or supported it? My entire point is that this is not new information you illiterate mutt
>>536829691>If the war had ended after two weeks like it was supposed to and oil prices had gone back down into the 50 to 60 dollar range like they were before the war, Trump would have still gone through with auctioning off all batches, emptied the reserves, and flooded the market while only breaking even or even taking a lossYou know what, you have a point. I think our disconnect is you're thinking about this through the lens of Trump, which is the reality of the situation, while I'm still trying to think about this logically.With any other president I would have said there's no way they would have continued to go through with the draw down if the war had ended quickly because that would be completely retarded and help absolutely nothingBut here we are.
>>536830135>flooded the market while only breaking even or even taking a lossYou really are the embodiment of Dunning-Kurger, talk shit while being completely clueless, the release is done as an oil swap, Biden did the same thing, companies take oil and replace it with more oil at a later date
>>536830429>companies take oil and replace it with more oil at a later dateHow do you think the bidding process works, exactly? One company says "I want the oil" then another one says "No, I want it!" and they just hand it to the one who asks the nicest?
>>536826865in a real emergency we would just nationalize the oil companies. it's no biggie.
>>536830885Currently it's to whoever is willing to give back more oil and at a quicker date, as I said you're wholly ignorant of the details
>>536827205Well we're in a war
>>536828339Why did Biden force Trump to do the covid lockdowns while Trump was in office?
>>536827205>Here's Trump in 2022 arguing the SPR is for active wartime scenarios and not for bringing down high prices>What changed in the four years since he said this?I mean, an active wartime scenario kind of happened?Even if he started it.I don't support the war (or however you want to call it) and I think it'll backfire bigly but still I guess it's a more proper use of the SPR.
>>536831237You don't get it. That's ok. No one else does either.
Hopefully everyone is starting to come around that oil dependence is a liability and oil company shareholders are enemies of America.
