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Our chickens have come home.

Lets try this one more time.

400,000 barrels of oil bought for $55.00 cost you $22,000,000.

When you sell it for $96 you got a total of $38,400,000. That is a profit of $16,400,000.

When you then buy 400,000 barrels of oil at $76 you pay $30,400,000.

That means you paid 14,000,000 more than you made when you sold it.
You’re cute.

US gives Exxon $55 for a barrel.
US has 1 Barrel and no cash

Exxon gives US $96 for a barrel.
US now has 0 barrels and $96 in cash

US gives Exxon $76 for a barrel
US now has 1 barrel and $20 cash.

You see?

It’s easy. Biden now has a barrel and $20 in cash.
 
The reserve oil was sold at market prices, making the sales very profitable. Biden says he will refill when the price drops to $70 bbl. or below. Trump wanted to not only top off the reserve when oil was $20 but wanted more storage capacity built to take advantage of the low price. Sadly, it didn't happen.
Trump didn’t get it done. Biden did. Suck it
 
Well the Red Wave became the Red Tsunami and that became the Red Ripple. The Republicans are worse off in the Senate and don’t hold nearly enough in the House to make as big of a difference as they imagined. Add to that the loss of all the Trump Fan Candidates, and they have to ratchet up the propaganda to insane levels.

You know. Instead of looking in the mirror and asking what is wrong with us?
Look for some Democrat Senators and Reps to be voting with the Republicans in the next session, especially on immigration.
 
Same reason he didn’t get infrastructure, repeal and replace, fund the wall, or simplify taxes done. That reason is that he is incompetent and never had a plan. He’s a carnival barker. He exists to entertain. Not a leader.
He did find the funding for the wall.

Taxes are actually pretty simple for most already. Most can do their taxes on scratch paper. The IRS needs complicated forms because they can't do them on scratch paper.
 
This isn't "immigration." It's a full-scale invasion being carried out with the assistance of our own government.

And the ones who voted for this act like it's nothing.

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Over 50,000 a month that we know of, probably 5 times that we don't know about. The left wing scum are laughing their asses off, especially the trust fund babies who pay for nothing and will run away to Bermuda or some gated hidaway when it collapses, and the Useful Idiots here will still be sniveling 'racism!!! And Stuff!!!' as they're overrun, thinking they will have some magical force field around them and it won't affect them.
 
You’re cute.

US gives Exxon $55 for a barrel.
US has 1 Barrel and no cash

Exxon gives US $96 for a barrel.
US now has 0 barrels and $96 in cash

US gives Exxon $76 for a barrel
US now has 1 barrel and $20 cash.

You see?

It’s easy. Biden now has a barrel and $20 in cash.

You cannot ignore the initial price paid for the oil, it has to be part of the equation.

In your example the US has 1 barrel of oil and 35 dollars less cash than it did when it bought the oil for $55.
 
You cannot ignore the initial price paid for the oil, it has to be part of the equation.

In your example the US has 1 barrel of oil and 35 dollars less cash than it did when it bought the oil for $55.
Golfing Gator. I don’t want to be disrespectful but you are entirely wrong.

I want you to take out some coins and follow the transaction with cents.

  1. Take 55 cents out of your pocket and put it on the table.
  2. Now give your friend 55 cents and have your friend give you a cup of vegetable oil.
  3. Then have your friend give you 96 cents and give them the cup of oil.
  4. Then give your friend 76 cents, keep the 20 cents on the table and take the cup of oil back.
  5. You now magically have the same cup of oil and 20 cents. Basically you paid 35 cents for that oil as you put the 20 back in your pocket
 

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