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Biden's flip flopping energy "plan"
RaceBannon
Member, Swaye's Wigwam Posts: 106,088 
in Tug Tavern
Cliff notes - the mid terms look like a disaster
https://newsmax.com/us/joe-biden-oil-strategic/2022/10/19/id/1092568/
Amid pressures of the midterms, gas prices, inflation, and economic uncertainty, President Joe Biden announced a plan he claims will produce a "profit for taxpayers" — and it includes a long overdue call for oil companies to increase production.
Biden is releasing 15 million more barrels of oil from the U.S Strategic Petroleum Reserve (SPR) now, calling for U.S. oil companies to ramp up production, and offering them a $70 per barrel guaranteed price to sell it back to the U.S. government to refill the SPR in the future when demand falls and the price drops below $70 per barrel.
Despite a commitment to his party, his voters, and environmentalists, Biden said oil companies can ramp up oil production now "with the promise" they can sell their oil back to the U.S. government at $70 in the future.
"Let's debunk some myths here: My administration has not stopped or slowed U.S. oil production — quite the opposite," he said, pointing to the increased oil production since he took office in January 2021.
But the U.S. was closed down and travel significantly slowed in 2020 amid the COVID-19 pandemic — especially in the most heavily populated Democrat-run cities in America.
Wednesday's new actions come just two years after Democrats blocked former President Donald Trump from filling the reserve at a fraction of that price.
Trump in March of 2020 was looking to stabilize the oil industry as the virtual price of oil dropped as low as minus $40 per barrel amid COVID-19 lockdowns in 2020, crushing global petroleum demand.
When oil was priced at about $24 a barrel, Republicans proposed spending $3 billion to fill up the reserve, but the idea became a political football in larger negotiations on trillions in coronavirus relief, with Senate Majority Leader Sen. Chuck Schumer, D-N.Y., boasting his party had blocked a "bailout for big oil."
That decision effectively cost the U.S. billions in potential profits and meant Biden had tens of millions of fewer barrels at his disposal with which to counter price surges — which is not even the intended use of the SPR.
If you're a green energy moron Biden sold you out
If you like affordable gas Biden fucked you over
With a topping of outright lies and bullshit
Nice vote idiots
https://newsmax.com/us/joe-biden-oil-strategic/2022/10/19/id/1092568/
Amid pressures of the midterms, gas prices, inflation, and economic uncertainty, President Joe Biden announced a plan he claims will produce a "profit for taxpayers" — and it includes a long overdue call for oil companies to increase production.
Biden is releasing 15 million more barrels of oil from the U.S Strategic Petroleum Reserve (SPR) now, calling for U.S. oil companies to ramp up production, and offering them a $70 per barrel guaranteed price to sell it back to the U.S. government to refill the SPR in the future when demand falls and the price drops below $70 per barrel.
Despite a commitment to his party, his voters, and environmentalists, Biden said oil companies can ramp up oil production now "with the promise" they can sell their oil back to the U.S. government at $70 in the future.
"Let's debunk some myths here: My administration has not stopped or slowed U.S. oil production — quite the opposite," he said, pointing to the increased oil production since he took office in January 2021.
But the U.S. was closed down and travel significantly slowed in 2020 amid the COVID-19 pandemic — especially in the most heavily populated Democrat-run cities in America.
Wednesday's new actions come just two years after Democrats blocked former President Donald Trump from filling the reserve at a fraction of that price.
Trump in March of 2020 was looking to stabilize the oil industry as the virtual price of oil dropped as low as minus $40 per barrel amid COVID-19 lockdowns in 2020, crushing global petroleum demand.
When oil was priced at about $24 a barrel, Republicans proposed spending $3 billion to fill up the reserve, but the idea became a political football in larger negotiations on trillions in coronavirus relief, with Senate Majority Leader Sen. Chuck Schumer, D-N.Y., boasting his party had blocked a "bailout for big oil."
That decision effectively cost the U.S. billions in potential profits and meant Biden had tens of millions of fewer barrels at his disposal with which to counter price surges — which is not even the intended use of the SPR.
If you're a green energy moron Biden sold you out
If you like affordable gas Biden fucked you over
With a topping of outright lies and bullshit
Nice vote idiots
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AND FASCISTS!!!!
AND RUSSIAN STATE NARRATIVE!!!!
AND HUNTED LIKE A DOG!!!!!