You really are too ill-informed to parry with. We
Post# of 123676
(Total Views: 309)
Posted On: 12/11/2021 6:09:01 PM
You really are too ill-informed to parry with. We don't have to replenish 8 f'ing % of the Strategic Reserve, right away. And we won't.
We can easily wait for oil price dips to replenish the reserve.
Find something real to lose your shit over, like the mounting evidence of the treasonous actions by Trump to overturn the election.
https://www.usatoday.com/story/news/politics/...722649002/
Story Summary
•32 million barrels will be released over several months and eventually will be replaced.
•The release will happen in parallel with other nations including China, Japan, India and the UK.
•The US Strategic Petroleum Reserve includes over 600 million barrels stored in Texas, Louisiana.
Thirty-two million barrels will be released from the Strategic Petroleum Reserve over the next several months and will be replaced in the years ahead. An additional 18 million barrels that Congress authorized for sale will be released in the coming months.
What is the Strategic Petroleum Reserve?
The Strategic Petroleum Reserve is a stockpile to preserve access to oil in case of natural disasters, national security issues and other events. Maintained by the Energy Department, the reserves are stored in caverns created in salt domes along the Texas and Louisiana Gulf Coasts. There are roughly 605 million barrels of petroleum in the reserve.
The reserve was established by Congress in 1975 after the oil crisis in 1973, when oil-exporting nations throttled their production and caused energy prices to soar.
The United States has tapped the reserve to raise revenue as shifts in global oil production made lawmakers less concerned about potential shortages.
The last major release of the oil reserve came in 2011, when President Barack Obama released 30 million barrels of oil to counter disruptions in supply due to civil unrest in Libya.
President George W. Bush released 11 million barrels of oil from the reserve in 2005 to counter disruptions from Hurricane Katrina, and his father, President George H.W. Bush, released 17 million barrels during the Persian Gulf War.
We can easily wait for oil price dips to replenish the reserve.
Find something real to lose your shit over, like the mounting evidence of the treasonous actions by Trump to overturn the election.
https://www.usatoday.com/story/news/politics/...722649002/
Story Summary
•32 million barrels will be released over several months and eventually will be replaced.
•The release will happen in parallel with other nations including China, Japan, India and the UK.
•The US Strategic Petroleum Reserve includes over 600 million barrels stored in Texas, Louisiana.
Thirty-two million barrels will be released from the Strategic Petroleum Reserve over the next several months and will be replaced in the years ahead. An additional 18 million barrels that Congress authorized for sale will be released in the coming months.
What is the Strategic Petroleum Reserve?
The Strategic Petroleum Reserve is a stockpile to preserve access to oil in case of natural disasters, national security issues and other events. Maintained by the Energy Department, the reserves are stored in caverns created in salt domes along the Texas and Louisiana Gulf Coasts. There are roughly 605 million barrels of petroleum in the reserve.
The reserve was established by Congress in 1975 after the oil crisis in 1973, when oil-exporting nations throttled their production and caused energy prices to soar.
The United States has tapped the reserve to raise revenue as shifts in global oil production made lawmakers less concerned about potential shortages.
The last major release of the oil reserve came in 2011, when President Barack Obama released 30 million barrels of oil to counter disruptions in supply due to civil unrest in Libya.
President George W. Bush released 11 million barrels of oil from the reserve in 2005 to counter disruptions from Hurricane Katrina, and his father, President George H.W. Bush, released 17 million barrels during the Persian Gulf War.
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