J!m
Veteran and General Yakker
Don't "unlike" the messenger...
Gasoline prices Skyrocketing!
- Thread starter Oldaudioschool
- Start date
Bob Boyer
Veteran and General Yakker
News and messengers are always two different things.
Bradrock
Veteran and General Yakker
Well I see tonight that the huge draw down on our National strategic petro reserve is actually going to Europe, India & CHINA.
So gas prices should be dropping soon ? I don't understand the strategy of this?
So gas prices should be dropping soon ? I don't understand the strategy of this?
Surrender right now...
mlucitt
Veteran and General Yakker
Even worse is the reasoning behind the use of the Strategic Petroleum Reserves. From U.S. News:
"About 1 million barrels per day is being released from the Strategic Petroleum Reserve (SPR) through October. The flow is draining the SPR, which last month fell to the lowest since 1986. U.S. crude futures are above $100 per barrel and gasoline and diesel prices above $5 a gallon in one-fifth of the nation. U.S. officials have said oil prices COULD be higher if the SPR had not been tapped."
"The SPR remains a critical energy security tool to address global crude oil supply disruptions," a Department of Energy spokesperson said, adding that the emergency releases helped ensure stable supply of crude oil."
Two things wrong with that last statement - 1. The Strategic Petroleum Reserves are no longer a critical energy tool because they were designed for use during a National Emergency when no other source was available and 2. The Strategic Petroleum Reserves were there to address OUR crude oil supply disruptions, not any other country. I'd like to know who gets the money from the sale of our crude oil...
The worst part is that White House/Green Squad has no plans to ever replenish the Strategic Petroleum Reserves. It is their goal to drain this valuable emergency stockpile as part of the effort to rid the USA of all fossil fuel use. Can someone tell them that B-52 and B-1 bombers can only use fossil fuel!!!
"About 1 million barrels per day is being released from the Strategic Petroleum Reserve (SPR) through October. The flow is draining the SPR, which last month fell to the lowest since 1986. U.S. crude futures are above $100 per barrel and gasoline and diesel prices above $5 a gallon in one-fifth of the nation. U.S. officials have said oil prices COULD be higher if the SPR had not been tapped."
"The SPR remains a critical energy security tool to address global crude oil supply disruptions," a Department of Energy spokesperson said, adding that the emergency releases helped ensure stable supply of crude oil."
Two things wrong with that last statement - 1. The Strategic Petroleum Reserves are no longer a critical energy tool because they were designed for use during a National Emergency when no other source was available and 2. The Strategic Petroleum Reserves were there to address OUR crude oil supply disruptions, not any other country. I'd like to know who gets the money from the sale of our crude oil...
The worst part is that White House/Green Squad has no plans to ever replenish the Strategic Petroleum Reserves. It is their goal to drain this valuable emergency stockpile as part of the effort to rid the USA of all fossil fuel use. Can someone tell them that B-52 and B-1 bombers can only use fossil fuel!!!
markthefixer
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somewhere along the way, treason was committed.
J!m
Veteran and General Yakker
Again.
Take the Babbel course in Mandarin...
Wheel-right
Chief Journeyman
Time to warm up this thread again...heading north.
Skratch
Chief Journeyman
Get a coal fired steam car like Jay Leno
That will drive environment czar John Kerry nuts...
e30m3mon
Chief Journeyman
Challenge accepted!
gene french
Veteran and General Yakker
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check kerrys carbon footprint...
e30m3mon
Chief Journeyman
Looks like I better get started with rolling coal.
gene french
Veteran and General Yakker
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you will need a big head start if you are going head to head...lol
Skratch
Chief Journeyman
Ya, as he flies around in his private jet
gene french
Veteran and General Yakker
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dont build a fence....except around my house....
Vynuladikt
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Interesting that the reserves were doled out/used up at about 1 million barrels a day to reduce the oil prices. Now OPEC is reducing their output by 1 million barrels a day with possibilities of 2 million a day to offset the reserve dump and bring prices back up. Was anything gained, or just reserves lost.
Things that make you go HMMMM
Things that make you go HMMMM