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relayerbob

(7,271 posts)

7. So actually made a profit at that, also

Reply to BumRushDaShow (Original post)

Mon Jul 29, 2024, 05:01 PM

Jul 2024

Bringing prices down, while helping to trim the deficit. That's our President.

And Trump today was complaining that OPEC is trying to flood the market, hahaha. They're trying to undercut the US, is what they are doing, while the US and China are rapidly ramping up alternative energy, cutting overall worldwide demand.

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4 members have recommended this reply (displayed in chronological order):

Hermit-The-Prog not fooled wolfie001 sybylla

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Highlight:

Biden administration says it has replenished strategic oil reserve after Russia war drawdown [View all] BumRushDaShow Jul 2024 OP

Good. Maybe they can flood the price lower in November. bucolic_frolic Jul 2024 #1

Or at least prevent the Saudis from driving the price higher in an October Surprise. Nt Fiendish Thingy Jul 2024 #2

One possible counter to that BumRushDaShow Jul 2024 #4

Smart..Sell high, buy low...nt mitch96 Jul 2024 #3

The price is not low. former9thward Jul 2024 #12

I didn't buy any gasoline this weekend, but I used some for gardening. ffr Jul 2024 #5

Just one of Joe's significant achievements that got no traction in the press or with the public. not fooled Jul 2024 #6

And he muted the "drill baby drill" nonsense that the GOP has used for talking points for years BumRushDaShow Jul 2024 #8

"the administration ... worked with Congress to cancel 140 million barrels in planned sales". n/t Igel Jul 2024 #9

So actually made a profit at that, also relayerbob Jul 2024 #7

SPR Inventory: Feb 25, 2022 ＝ 580 million barrels; July 19, 2024 ＝ 374 million barrels Make7 Jul 2024 #10

Here another EIA report as FYI BumRushDaShow Jul 2024 #11