If I recall correctly, I remember Trump sold all the petroleum in the reserves when he first came into office, when the prices were high, and then filled the reserves back up after the prices had dropped.
Our "best reserves" imo, are in the country's shale. The day will come, when the country will wish they didn't use so much of it. I don't think the shale should be touched until it's really needed, which could be decades down the line or more, and even then it would be helpful energy security for the future. Instead, it will all be extracted until it's gone, for a quick buck - polluting our water and removing a critical potential energy reserve when it's not really needed.
There is more oil in the Colorado shale than all the known reserves in the world and every drop of oil ever used all put together. There are over 2 TRILLION barrels of oil.
Hopefully, we will have developed some type of alternative energy as a routine matter of growth. Nothing against petroleum but a patent or two for perpetual energy is out there, just purchased and owned by the govt at this point, from what I understand.
Oil prices are based on "predicted" shortages and demand.
In other words, it's not what's in supply that counts it's what fuel companies feel like charging what ever the hell they want when they want.
It's a joke, and their entire empire is in mortal Jeopardy so don't be too surprised when you see them spike prices to a ridiculous level on their way out.
At very good prices as I recall.
If I recall correctly, I remember Trump sold all the petroleum in the reserves when he first came into office, when the prices were high, and then filled the reserves back up after the prices had dropped.
Brilliant!
Almost like he has experience running a successful business..
Absolute fucking big dick energy
Yup.
To be fair that is a requirement for expanding the reserve.
No President, aside from GEOTUS, has expanded the reserve since 2000.
Because their objectives (yes, previous presidents) were to destroy this country.
I think bulk price he (we) paid was like.89 cents per US Gallon.
4D chess motherfakas!
The fourth demention is time by the way. Trump was playing games with the democrats of the future.
I want him back!!!
#metoo
To the "tippy top"
LOL, my thoughts
TIP TOP SHAPE
Or as we like to call it, tippy top shape.
Funny, I was thinking about this a couple of days ago. ?
I think the trump card has been played..
So where are the reserves now that they’re needed?
They're not needed. The pipeline will be up and running soon.
Time traveler.
Straits of Hormuz
Our "best reserves" imo, are in the country's shale. The day will come, when the country will wish they didn't use so much of it. I don't think the shale should be touched until it's really needed, which could be decades down the line or more, and even then it would be helpful energy security for the future. Instead, it will all be extracted until it's gone, for a quick buck - polluting our water and removing a critical potential energy reserve when it's not really needed.
There is more oil in the Colorado shale than all the known reserves in the world and every drop of oil ever used all put together. There are over 2 TRILLION barrels of oil.
https://rense.com/general70/doro.htm
Hopefully, we will have developed some type of alternative energy as a routine matter of growth. Nothing against petroleum but a patent or two for perpetual energy is out there, just purchased and owned by the govt at this point, from what I understand.
Oil prices are based on "predicted" shortages and demand.
In other words, it's not what's in supply that counts it's what fuel companies feel like charging what ever the hell they want when they want.
It's a joke, and their entire empire is in mortal Jeopardy so don't be too surprised when you see them spike prices to a ridiculous level on their way out.