Biden to refill SPR

[Thinker101]

Buy low, sell high. Oops, this is Bidung, sell high, buy higher.

First on CNN: Biden administration launches plan to refill emergency oil reserve | CNN Business

 

[CrusaderFrank]

Wow

He's doing this on purpose

 

[Stormy Daniels]

Seeking bids later this fall in a years long process.

Are you intentionally stupid, or is a medical issue behind your problem with object permanence?

 

[Thinker101]

Wow

He's doing this on purpose

Yep, Iran and Russia need the money.

 

[1srelluc]

The dow has dropped about 1200 points today so far, maybe there is a oil bargain to be had.

 

[JoeMoma]

I have an idea...... drill baby drill and produce more US oil to fill those reserves.

Not going to happen under Biden.

 

[easyt65]

Putin must need more cash to continue his Ukraine genocide...

I am sure he will charge Joe a special rate for Russian oil to refill the US reserve...

 

[Thinker101]

The dow has dropped about 1200 points today so far, maybe there is a oil bargain to be had.

Nope, not today, oil is up 2.3%. They must have heard Biden is buying.

 

[1srelluc]

Nope, not today, oil is up 2.3%. They must have heard Biden is buying.

Watch it be that dirty Venezuelan crap.

 

[bugs]

Buy low, sell high. Oops, this is Bidung, sell high, buy higher.

First on CNN: Biden administration launches plan to refill emergency oil reserve | CNN Business

He's NOT Really in charge...
I Would not Trust him to run a Dollar Tree..

 

[Stormy Daniels]

I have an idea...... drill baby drill and produce more US oil to fill those reserves.

Not going to happen under Biden.

The United States is the largest oil producer in the world. Also, any American companies who want to bid will be able to do so.

 

[CrusaderFrank]

Putin must need more cash to continue his Ukraine genocide...

I am sure he will charge Joe a special rate for Russian oil to refill the US reserve...

10% for the Big Guy

 

[Jim H - VA USA]

Another promise broken. What's going on???

US Crude Oil in the Strategic Petroleum Reserve Stocks Weekly Trends: Weekly Petroleum Status | YCharts

In depth view into US Crude Oil in the Strategic Petroleum Reserve Stocks including historical data from 1982 to 2024, charts and stats.

ycharts.com

In May 2023, the DOE announced the purchase of 3Mbbl, and in July, 6Mbbl. Whoop dee doo.

U.S. DEPARTMENT OF ENERGY ANNOUNCES PURCHASES FOR THE STRATEGIC PETROLEUM RESERVE

Purchase of 3 Million Barrels Advances Efforts to Replenish Reserves at a Good Deal for American Taxpayers, Maintain the SPR’s Operational Readiness, and Protect the Nation’s Energy Security.

www.energy.gov

US to Buy 6 Million More Barrels of Oil for Emergency Reserve

(Bloomberg) -- The Biden administration announced Friday it’s purchasing 6 million more barrels of crude oil for the Strategic Petroleum Reserve as it continues to slowly refill the emergency stockpile. Most Read from BloombergRussia Is Disregarding IAEA Advice to Power Down Ukraine ReactorApple...

uk.finance.yahoo.com