just another real impeachable offense

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Started by mcfarm - May 7, 2024, 8:47 p.m.

not that anyone on the left or in the media noticed but Biden drained our strat oil reserve with the promise of renewing it for its rightful purpose. This is an impeachable offense in any language, he broke his oath to protect us. The southern boarder is just as easily impeachable as he again failed to protect and preserve as his oath supposedly forces him to do. Now they have graduated to some of the highest oil prices which leads directly to higher prices on much of our economy. Again complete failure to live by his oath. And after that we can talk for hours about millions of dollars from foreign countries again easily impeachable. And yet we have good Americans right here on this forum ready, willing and able to vote for this bastard again. So strange it feels made up.

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Re: just another real impeachable offense

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By 12345 - May 8, 2024, 11:20 a.m.

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LOL TELL IT JUST THE WAY YA SEE IT, MCFARM. HAHAHHAAAA

WHY IS IT THAT NO ONE WILL BUCK THE SYSTEM????!!!!! TALK IS CHEAP & MEANINGLESS. ALL THE "BIG - AZZED BIRDS" THAT COULD AT LEAST TRY TO RID THE GOVT. OF CORRUPTION (IN ALL FORMS) , SEEM QUITE CONTENT TO YAP ABOUT IT & THEN... QUIETLY SIT BACK DOWN, ON THEIR THUMB!!!

Re: Re: just another real impeachable offense

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By metmike - May 8, 2024, 12:29 p.m.

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SPR Quick Facts

https://www.energy.gov/ceser/spr-quick-facts

Biden's drawdown of our SPR in 2022 was entirely because of his/NATO's war with Russia(using Ukrainians to fight it) and their sanctions on Russia. Biden, in his retarded wisdom, dumped our SPR crude on the market so the market wouldn't miss Russia's crude that they decided would be a punishment to Russia.

What actually happened was a total backfire as Russia just sold all their crude at a discount to China and India.

So what Biden did is to give China and India a discount on their crude oil, while severely punishing THE UNITED STATES with higher prices AND massive losses in our SPR.

https://www.energy.gov/sites/default/files/2024-01/2022%20SPR%20Total%20Inventory.pdf

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Why Have a Strategic Petroleum Reserve?

https://research.stlouisfed.org/publications/economic-synopses/2024/03/20/why-have-a-strategic-petroleum-reserve

The largest series of oil releases from the SPR, by far, has been in response to the oil price hikes in the wake of the Russian invasion of Ukraine, which began in February 2022 (Neely, 2022). On March 1, 2022, the International Energy Agency coordinated an international release that included 30 million barrels from the U.S. SPR. In the following 8 months, President Biden ordered the release of an additional 340 million barrels of oil. The 370 million barrels in these invasion-of-Ukraine SPR releases was 64 percent of the SPR stock on February 25, 2024, and greater than the combined total of all other releases since 1985.⁶

The Biden administration argued that the releases substantially lowered gasoline prices, and it is very likely that any supply increase lowers prices to some extent. To put the drawdowns in context, however, the U.S. Energy Information Agency reports worldwide production and consumption of about 97.3 million barrels of oil per day, of which the U.S. consumed about 20.3 million barrels. Therefore, the 370 million barrels released over 8 months amounted to about 1.6% of world oil production during that time.

On the other hand, one might argue that the government functioning as a long-term speculator reduces the incentive for private actors to perform that function themselves and creates incentives for policymakers to use the SPR for short-term gain at the expense of long-term preparedness. Some people would advocate that strategic reserves of natural resources should be saved for a true emergency, such as a war or very large natural disaster.

Finally, some analysts, such as Lee (2023), question whether the U.S. should have a strategic reserve at all, given that the U.S. is now a net oil exporter, not the major importer it was during the 1970s when the SPR was established. The validity of this argument would seem to depend on whether the U.S. is likely to remain a net exporter and whether U.S. production and private storage facilities are as secure from disruptions as the SPR.

Re: Re: Re: just another real impeachable offense

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By metmike - May 8, 2024, 12:35 p.m.

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Previous thread related to this:

THE COST OF GASOLINE.....

Started by 12345 - Oct. 17, 2023, 8:24 p.m.

https://www.marketforum.com/forum/topic/99761/

Re: Re: Re: Re: just another real impeachable offense

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By metmike - May 8, 2024, 12:43 p.m.

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Biden messed himself over by releasing so much of the SPR in 2022, now there's not enough left to release to try to suppress prices ahead of the election!

https://www.gasbuddy.com/gaspricemap?lat=38.822395&lng=-96.591588&z=4

Re: Re: Re: Re: Re: just another real impeachable offense

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By mcfarm - May 8, 2024, 12:49 p.m.

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well gee MM you and Larry seem ready to vote for him and Larry's case vote for him again despite the ruins left in his wake....but he sure ain't the poorest senator no more is he? Another total lie he tried to pass.

edit.....sorry MM but I believe you have said right here that before you would vote for Trump, the most corrupt President in history, you would not vote at all....that's my recollection, if not I am sorry

Re: Re: Re: Re: Re: Re: just another real impeachable offense

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By metmike - May 8, 2024, 1:43 p.m.

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"well gee MM you and Larry seem ready to vote for him"

mcfarm,

Please don't mischaracterize me!

Get Trump-Hush Money Hullabaloo
12 responses
Started by metmike - April 17, 2024, 4:57 p.m.

https://www.marketforum.com/forum/topic/103255/

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https://www.marketforum.com/forum/topic/100509/#103164

Re: Re: Re: Trump civil fraud trial-nonsense

By metmike - April 14, 2024, 2:37 p.m.

"I'm no Trump fan but the only way a person can exercise their legal power to fight this blatant abuse of our justice system is to.........VOTE FOR TRUMP!"

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