Biden Admin Quietly Raises The Price It’s
Willing To Pay To Refill Oil Reserves
The Daily Caller,
by
Jack McEvoy
Original Article
Posted By: Black Conservative Voice,
12/19/2022 6:39:55 AM
The Energy Department announced Friday that it would begin buying oil to refill the U.S. Strategic Petroleum Reserve (SPR) at prices below $96 per barrel, even though the White House previously stated that the department would begin buying back oil at a price of $67 to $72 per barrel.
The Energy Department declared that it would start to repurchase crude oil at a lower price than the $96 per barrel average price that barrels were previously sold for to secure a “good deal” for the taxpayer, according to an official press release.
Reply 1 - Posted by:
FJB 2022 23 24 12/19/2022 6:50:07 AM (No. 1359878)
62 to 72 but now 96, how is that a good deal? Stupid is as stupid does, that is Joe Biden, the collosal fool of DC
26 people like this.
Reply 2 - Posted by:
F15 Gork 12/19/2022 7:00:39 AM (No. 1359888)
I suspect the oil companies will never see the difference between $72 and $96......it will be skimmed off to line the pockets of the “right people”......
17 people like this.
If he was a patriot, he would be using American producers and become energy independent again.
26 people like this.
Reply 4 - Posted by:
JrSample 12/19/2022 8:07:25 AM (No. 1359931)
impeach
remove
incarcerate
16 people like this.
Reply 5 - Posted by:
lakerman1 12/19/2022 8:08:40 AM (No. 1359934)
It is availabilty, not price, that really matters, but dementia Jo does not understand that.
15 people like this.
Reply 6 - Posted by:
downnout 12/19/2022 8:08:53 AM (No. 1359936)
He doesn’t care. His life (and expenses) are paid for by We, The People…and China.
18 people like this.
Reply 7 - Posted by:
Starlifter Nav 12/19/2022 8:26:56 AM (No. 1359969)
"$.86 higher than when he took office..."
You gotta be kidding me? On what planet?
"Maffs is harrdd"
9 people like this.
Reply 8 - Posted by:
Lawsy0 12/19/2022 8:50:17 AM (No. 1359996)
Biden is a lying sack of fill-in-the-blank! Always was. So is Obama, the puppetmaster. They both got Clinton's dream job (stroke of the pen, law of the land, cool).
7 people like this.
Reply 9 - Posted by:
LC Chihuahua 12/19/2022 9:14:01 AM (No. 1360014)
When government policy can be summed up as doing whatever that's harmful to America, stuff like this happens. Some people are getting richer at our expense. That is all that concerns our government. It is the basic definition of corruption.
9 people like this.
Reply 10 - Posted by:
Kafka2 12/19/2022 9:57:41 AM (No. 1360062)
Biden waging war on fossil fuels and at the the same time biding up the price on oil to replace that he depleted from the strategic petroleum reserve is guaranteed to rekindle runaway inflation. To rub salt in the wounds, this make heating bills skyrocket this winter. And now Biden can boast about this “achievement” saying, “I did that!”
7 people like this.
Reply 11 - Posted by:
zephyrgirl 12/19/2022 10:06:26 AM (No. 1360069)
I wil be surprised if it is ever refilled. Biteme has reduced the SPR inventory to under 400 million barrels. To refill the Reserve to its capacity will require over 300 million barrels at a cost of around $29 billion assuming a cost of $96 per barrel. Where is that money going to come from?
7 people like this.
Reply 12 - Posted by:
Pearson365 12/19/2022 10:07:46 AM (No. 1360071)
Why isn’t Biden’s misuse of the reserves considered an illegal campaign donation for Dems running in 2022? Only reason for draining the oil was to remove an election issue, gasoline prices, from campaigns. Biden needed to hide the incredibly negative results of his delusional war on fossil fuels, and so taxpayers will have to pay for this hypocrisy.
No different than his August pronouncement that he would reduce college loans by $20,000 to $40,000 per debtor. A $500 billion action that Biden had no constitutional authority to enact. But as the vicious Harry Reid once said about his lie about Romney not paying taxes, “We won, didn’t we?”
6 people like this.
Reply 13 - Posted by:
cor-vet 12/19/2022 10:27:44 AM (No. 1360091)
How much did Sniffy and Huncher make when they sold the reserves we had, to their partners in china?
5 people like this.
Reply 14 - Posted by:
pugetpower 12/19/2022 10:52:21 AM (No. 1360112)
Never put a Democrat in charge of anything,
6 people like this.
Reply 15 - Posted by:
bighambone 12/19/2022 12:10:12 PM (No. 1360186)
Biden and his crew took office with a filled strategic petroleum reserve that was completely topped up by Trump when the oil prices were low. Biden then drained most of that reserve, when oil prices were very high, sending a lot of that oil abroad with a good percentage reportedly sold to Communist China. Now Biden and the Democrats say they are going to refill that oil reserve paying a high price. Where is that oil coming from that supposedly will be destined to refill the oil reserve, maybe Venezuela that is also sending masses of poor and uneducated illegal aliens who were encouraged and invited into the USA by Biden and “open borders” scheme leftist Democrats, some RINOS, and even some wimpy Republicans via the completely out of control borderline?
2 people like this.
Reply 16 - Posted by:
mc squared 12/19/2022 12:23:10 PM (No. 1360199)
Never saw that coming!
0 people like this.
Reply 17 - Posted by:
Venturer 12/19/2022 12:45:42 PM (No. 1360212)
It should never have been robbed to begin with, Now they want to buy oil at $95 dollars a barrel
Follow the money. Some Democrats are getting richer from this deal
2 people like this.
Reply 18 - Posted by:
JimBob 12/19/2022 1:50:47 PM (No. 1360233)
Restrict US petroleum production!
Why stop at $96? How about $196?
Run up the Price!
Spend that Cash!
Make Putin's oil more valuable!
Financially Support Putin's War Effort!
Destroy the Value of the American Dollar!
"The surest way to attack the Capitalist State is to Debauch the Currency.".....Lenin
1 person likes this.
Reply 19 - Posted by:
or gate 12/19/2022 7:22:32 PM (No. 1360472)
Just fill it with water as we don't need no stinkin oil.
0 people like this.
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Comments:
TRUMP had a deal for $24.00 dollars a barrel but, Dummies voted it down. Then shutting down two major pipelines.