Strategic Oil Reserve refilled at a profit, nice

Record oil production and buying it at a lower price then it was sold at.

 

What was Bidens book called? 

 

Art of the deal? I may be mistaken.

 

 

UPI 7/29/2024:

 

July 29 (UPI) -- The U.S. Energy Department says it has replenished the 180 million barrels of oil withdrawn from the nation's Strategic Petroleum Reserve amid high gas prices after Russia's invasion of Ukraine two years ago, DOE, taking advantage of windows of market stability, purchased 43.25 million barrels of oil for an average price of $77. The average barrel sales price in 2022 was $95. The lower price meets the "administration's commitment to secure a good deal for taxpayers,"'

Edited on Jul 30, 2024 4:53pm

Remember how Davey Dog, Boilerboob, Tom, et al. shit themselves when Biden withdrew that oil?

 

If they're intellectually honest, they should eat their own shit now.

Edited on Jul 30, 2024 8:26pm

When Sleepy took office, there was 638,000,000 barrels of oil in the reserve.  Now there is 374,000,000 barrels in the reserve.  Our resident Liberals are fooled once again by the agenda driven Lyin' Liberal press.

 

This Liberal hack writer says that all of the oil taken out at the beginning of the Ukraine war "two years ago" has been replenished.  Well, two years ago to the day, there was 470,000,000 barrels in stock, and today there is 374 million in stock.  Maybe they bought 180 million barrels of oil, but that means that they sucked out 280,000 million barrels.

 

Liberal writers tend to be stupid and dishonest, and this one is both.

 

Here's the truth, which took me 40 seconds to find.

 

https://ycharts.com/indicators/us_ending_stocks_of_crude_oil_in_the_strategic_petroleum_reserve

 

Kevin is now going to eat his own shit?

 

 

Edited on Jul 31, 2024 6:15am

I recall Boilerman posting it was going to cost over $100/barrell for us to replace that inventory.

Boilerman was wrong.

 

 

 

 

 


Originally posted by: Boilerman

When Sleepy took office, there was 638,000,000 barrels of oil in the reserve.  Now there is 374,000,000 barrels in the reserve.  Our resident Liberals are fooled once again by the agenda driven Lyin' Liberal press.

 

This Liberal hack writer says that all of the oil taken out at the beginning of the Ukraine war "two years ago" has been replenished.  Well, two years ago to the day, there was 470,000,000 barrels in stock, and today there is 374 million in stock.  Maybe they bought 180 million barrels of oil, but that means that they sucked out 280,000 million barrels.

 

Liberal writers tend to be stupid and dishonest, and this one is both.

 

Here's the truth, which took me 40 seconds to find.

 

https://ycharts.com/indicators/us_ending_stocks_of_crude_oil_in_the_strategic_petroleum_reserve

 

Kevin is now going to eat his own shit?

 

 


Who ever said that the amount in the reserve was the same as before? Boilerboob once again tries to put words in people's mouths. What a crudely dishonest and childish tactic.

Originally posted by: Kevin Lewis

Who ever said that the amount in the reserve was the same as before? Boilerboob once again tries to put words in people's mouths. What a crudely dishonest and childish tactic.


We have replaced none of the reserve.  This is a bullshit article making something of nothing and you guys suckered for it.  

Originally posted by: Boilerman

We have replaced none of the reserve.  This is a bullshit article making something of nothing and you guys suckered for it.  


Uh huh. First you said that not all of it was replaced, and now you're saying that none of it was replaced. Get your stories straight.

Okay Kevin, tell me when I said that someof the reserves have been replaced.  The truth is that none of the reserve have been replaced.  And your point seems to be how great Sleepy did.  If I'm incorrect, explain how.  This is a bullshit agenda driven article attempting to pump up Democrats.  If I'm wrong, tell us how I'm wrong.

Originally posted by: PJ Stroh

I recall Boilerman posting it was going to cost over $100/barrell for us to replace that inventory.

Boilerman was wrong.

 

 

 

 

 


Everything in this article was a lie.  I've not been able to find anything regarding net earnings from sale and purchases of reserve crude during the past 3.5 years, but I'm sure PJ will provide this information.

Originally posted by: Boilerman

Everything in this article was a lie.  I've not been able to find anything regarding net earnings from sale and purchases of reserve crude during the past 3.5 years, but I'm sure PJ will provide this information.


Yeah, sure. They were lying, and you're telling the truth. You're SUCH an expert. LOL!

Already a LVA subscriber?
To continue reading, choose an option below:
Diamond Membership
$3 per month
Unlimited access to LVA website
Exclusive subscriber-only content
Limited Member Rewards Online
Join Now
or
Platinum Membership
$50 per year
Unlimited access to LVA website
Exclusive subscriber-only content
Exclusive Member Rewards Book
Join Now