5 million barrels of oil to Europe & Asia is indefensible, when Americans are struggling to fill up our tanks.
Keep in mind, this is from the strategic oil reserves that President Trump filled to the top, which were meant to be used in case of emergency - such as war.
From what I understand, the reserve is to protect us from gas shortages like we had in the 70s. The issue now isn't because of shortages, but rather because of price.
Why would we be unable to replace the reserve by increasing drilling in the US? Hippy tree huggers are pissed off with Biden right now because they believe him selling off the reserve will cause more oil wells to be worked.
And wouldn't that actually help the economy a bit, getting more oil wells up and running? More workers making good money in the oil industry seems like a good thing.
I just don't see why we couldn't replenish the reserve in a reasonable amount of time. What happened to all those untapped oil reserves in the US that was such a big issue a few years ago? Did they vanish?
I think people have this idea that the government should be giving the oil reserve away to us in the form of cheap or free gas or something. That's not what the reserve is for.
It's not an issue of either selling it off to other countries or keeping it and reducing gas prices in the US.
Aren't the tree huggers angry about Biden selling off the reserve because it prompts the oil companies to increase production here? They don't want more wells and more digging, so they're pissed at Biden.
What happened to all those untapped sources of oil that was in the news a few years ago when the argument was that the US could be independent, oil wise?
5 million barrels of oil to Europe & Asia is indefensible, when Americans are struggling to fill up our tanks.
Keep in mind, this is from the strategic oil reserves that President Trump filled to the top, which were meant to be used in case of emergency - such as war.
This should help wake up some sheep.
Article: https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/
Which he filled up at record low prices. Good Redpill ammo
Europe's gas prices are around double what ours are. Trump topped up the oil reserve when oil prices tanked during the pandemic.
Doesn't it make sense, financially, to sell our reserve to them now? Buy low, sell high, right?
I'm not trying to start a fight, just trying to understand this from a business perspective.
This isn't a business. The Federal Government shouldn't be looking to make a profit from selling oil from the strategic reserves.
Yeah, its kind of in the name, Strategic Reserves
But they always name things the opposite of what they are.
Th cabal will keep the money
Normally I would agree with you, however, the way I see it you don't sell something that you desperately need yourself...
From what I understand, the reserve is to protect us from gas shortages like we had in the 70s. The issue now isn't because of shortages, but rather because of price.
Why would we be unable to replace the reserve by increasing drilling in the US? Hippy tree huggers are pissed off with Biden right now because they believe him selling off the reserve will cause more oil wells to be worked.
And wouldn't that actually help the economy a bit, getting more oil wells up and running? More workers making good money in the oil industry seems like a good thing.
I just don't see why we couldn't replenish the reserve in a reasonable amount of time. What happened to all those untapped oil reserves in the US that was such a big issue a few years ago? Did they vanish?
I think people have this idea that the government should be giving the oil reserve away to us in the form of cheap or free gas or something. That's not what the reserve is for. It's not an issue of either selling it off to other countries or keeping it and reducing gas prices in the US.
It's our strategic reserve. Now we won't have a reserve. Scorched earth, that's the losers plan.
Aren't the tree huggers angry about Biden selling off the reserve because it prompts the oil companies to increase production here? They don't want more wells and more digging, so they're pissed at Biden.
What happened to all those untapped sources of oil that was in the news a few years ago when the argument was that the US could be independent, oil wise?
I’m sorry - where in the article did it say that the federal government received any payment for the oil shipped overseas? I didn’t see that.
Fair, good thinking, but no.