Wednesday, October 19, 2022

It's

 


exactly what they want US to be doing...

My Goodness...


Dipping into its oil reserves is America’s strongest response to OPEC cuts for now




"Come winter, more oil sales could be on the table “if needed due to Russian or other actions disrupting global markets,” the White House said."



By the digits

180 million
barrels authorized for release by Biden back in March have now been exhausted with the latest 15 million

36%: 
how much the strategic petroleum reserve (SPR) has declined by since Biden took office

400 million
barrels of oil left in the US strategic reserve—the lowest since 1984

19.89 million
barrels of oil the US consumed daily in 2021, suggesting the 15 million release won’t even satiate one day’s appetite.


2 million: 
barrels a day OPEC+ cut back on

$3.854: 
national average gas price—high, but still lower than the June peak of $5


$67 to $72: 
the price at or below which the US government will restock the strategic reserve


12 million: 
daily US oil production, 1 million shy of pre-pandemic levels

(Lets see here, 400 million barrels in the SPR, 
US consumed 20 million barrels a day in 2021 so that's
20 days of consumption left in the SPR...
Like I said in an earlier post, 
What could possibly go wrong?
We walked right into Russia's trap...We really did.)


"Oil prices aren’t only affected by SPR releases. Market forces, recession fears, and reopening of refineries under maintenance all play a part in the cooling off, too."

(Agreed but our and our ally's SPR drawdowns were the single biggest determining factor in bringing down gas prices this summer.)

"And in addition to releasing reserves and replenishing stock, there’s another way to bring prices down: taking from the deep pockets of oil giants. Biden has called on companies to pass on lower energy costs to consumers “right away”

(Oh I'm sure they will get right on it...plz...)


"You are about to see a global energy crisis the likes of which you can not even imagine."
I remember somebody saying a lil bit ago...


John 16:13

1But when he, the Spirit of truth, comes, he will guide you into all the truth. He will not speak on his own; he will speak only what he hears, and he will tell you what is yet to come.





No comments: