Biden's Play In Today's Oil Market Is A One-Time Trick That Will Backfire

By A Guy Called LULU on Tue, 11/23/2021 - 4:54pm |

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https://www.moonofalabama.org/2021/11/bidens-play-in-the-oil-market-is-a-one-time-trick-that-will-backfire.html#more

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The link opens well into the article. I have heard/read a few pundits who think the release is a great thing. My initial reaction based on my conservative nature about dealings with resources and reserves and such, was one of skepticism. This article makes sense to me. aWe will see, I guess. For anyone choosing to read it, I recommend the first few comments as well.

by A Guy Called LULU on Tue, 11/23/2021 - 4:54pm

all just fyi, as they say "retweets are not endorsements"

Chairman @Sen_JoeManchin's statement on President Biden's decision to release oil from the Strategic Petroleum Reserve in an effort to lower gas prices.

Read more here: https://t.co/Mls9ilTvxU pic.twitter.com/M6apYn0mOc
— SenateEnergyDems (@EnergyDems) November 23, 2021

North of 18M per day so we’re talking maybe 2.5 days worth. https://t.co/PMbXBS9Y38 https://t.co/qt3BLic9el
— Boris Zilberman (@rolltidebmz) November 23, 2021

BTW….The cancelled Keystone pipeline was expected to transport 830,000 barrels of oil per day to refineries in Texas.
— Boris Zilberman (@rolltidebmz) November 23, 2021

by artappraiser on Tue, 11/23/2021 - 5:12pm

Maybe Biden can give Odessa to Russia and cut up Anderson Cooper in live TV - would that assuage the needy disappointed oil magnates?

by PeraclesPlease on Wed, 11/24/2021 - 2:25am

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