and the reserves were all returned

yiour argument is null and honestly reaching lol

They weren’t. My brother in Christ, you’re not even comprehending that what you’re looking does not match what you’re saying. Here’s a chart from your own source. Change the time frame to 5 years

https://ycharts.com/indicators/us_ending_stocks_of_crude_oil_in_the_strategic_petroleum_reserve

You clearly don't know much about the intricacies of the energy market. You are acting as if "Oil reserves" are some stand alone thing. It's not. I'm correcting you because you are confusing things as mentioned...

Let's go a step further. It's been postulated that we have already reached "peak oil" and that as population growth continues to explode around the world DEMAND will skyrocket and SUPPLY will become less and less. The United States has played this perfectly because while the petro dollar has been the world reserve currency for the last 50+ years we've been able to keep our reserves UNTOUCHED while draining every other major "oil producer".

If Biden didn't sell those reserves for 4 billion let me ask you a simple question. What would those barrels of oil be worth had he not done that and sold them 10 years from now?

You are not seeing the military significance of this nor the potential "future profit" had we held on to it?

In 10 years when almost all countries will be BUYING their oil because they can no longer produce it who stands the most to gain? He who has oil to sell. Really simple actually.

I trade energy stocks so I have to know these things when I put in an option/put. I did my research. You posted a graph. Nice try though.

Yes, and since you pride yourself on being someone that values our planet you should be ashamed. Trump absolutely trampled on Indigenous peoples rights to get illegal permits passed for this pipeline that everyone knew wasn't going to happen since the Obama administration. It would've endangered people that actually appreciate the land they have with obvious environmental and health risks despite the US now being energy independent

He has NOT "bought it all back".
He sold 180 million barrels, and bought back 39 million barrels.

At it's peak the US oil reserve would last the US for 56 days of normal usage.

https://www.reuters.com/business/energy/us-buys-3-million-barrels-oil-strategic-petroleum-reserve-2024-06-03/



Biden has been and is still... "robbing Peter to pay Paul", and that just doesn't work.
It's just more lefty BS.

This post was edited by Ghot on Jun 5 2024 10:46am

LMFAO. Reservations are crime infested, drug infested, sex traffickers that account for the highest amount of missing women in America. Care about land lmfao they sell it off like it’s nothing.


https://ncjtc.fvtc.edu/resources/RS01799597/2023-missing-and-murdered-native-women-and-girls-d



This post was edited by Landmine on Jun 5 2024 10:52am

ya and he is buying them back 20 bucks cheaper than he sold them for

3 million just the other day

your argument is literally "Biden helped with the gas price crisis and he is bad because of it"

wake the fuck up dude

This post was edited by Crunkt on Jun 5 2024 10:52am

Doesn't matter how much we all care about our planet unfortunately she's been raped and pillaged since the start of the Industrial Revolution. The worlds "GDP" for the last 100 years was based on how well we could STEAL/EXTRACT resources from the planet.

Now when the planets life support systems are in total free fall, species die-off is off the charts. Now only NOW do we say, "Hey guys let's agree to start caring for the planet". Too fucking late. Way too fucking late.

Recycling is a joke.

Electric cars are a joke.

Wind turbines are a joke.

On and on we can go but we can never REVERSE the damage we've done.

The entire world as we know it was built on "never ending oil". Infinite growth on a FINITE planet. We are now about to slam into that wall at full speed.

People who think "we can go green" don't know how "energy" works. Sorry.

This world will NEVER transition away from fossil fuels because there is no alternative and the alternatives they "sell to the masses" cannot sustain exploding populations around the world. Unless of course 7 billion people die tomorrow. Then maybe it could be feasible.

edit: There is a great documentary called "Planet of the Humans" which gives a well rounded perspecitve on how unrealistic "green energy" was from the get-go and how fossil fuels could never be replaced. There's also the documentary "Peak Oil" which is good too. I don't agree with everything mentioned in them but definitely gives perspective that's for sure. Worth the watch if you can find em both.

This post was edited by SwamiVivekananda on Jun 5 2024 11:09am

nuclear

I don't think you understand military stratagem and the benefit of holding onto your reserves until the world is in a total panic and SUPPLY plummets.

When oil is $200/barrel a few years from now Biden will look like a total dumbass. Reduce gas prices 20 cents this year so it looks like prices are going down when on average the price of gasoline will never go back down SIGNIFICANTLY. Same thing if Trump gets back in as POTUS. Neither of them control how much oil is left on the planet. PERIOD.

We will never see cheap oil again and the idea that the POTUS or political party they represent has "control" is pure delusion.

So is this transition to a "Green New World". Not even statistically possible. Total delusion.