FYI..."Biden-Harris Administration Makes Final Purchase for the Strategic Petroleum Reserve...
Secures 200 Million Barrels at a Good Deal for the American Taxpayer."...from that Press Release...
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To date, DOE has directly purchased 59 million barrels of oil for the SPR at an average price of under $76 per barrel. This is about $20 per barrel lower than the $95 average sales price for 2022’s emergency sales. In addition, DOE secured 140 million barrels by working with Congress to cancel mandated sales between FY24 and FY26, at approximately $74 a barrel. Together, this brings the total oil purchased or retained in the Strategic Petroleum Reserve (SPR) since 2022 to nearly 200 million barrels.
“With the awarding of these contracts, DOE has fully utilized all funding allocated for crude oil purchases following the sale of 180 million barrels in response to the Russian invasion of Ukraine and secured 20 million more barrels at a good price for taxpayers,” said U.S. Secretary of Energy Jennifer M. Granholm. “This milestone cements President Biden and Vice President Harris' commitment of putting the economic and energy security of the American people first with actions that steadied prices at the pump, provided certainty to industry, and maintained the SPR as the world’s largest supply of emergency crude oil.”
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Let's hear the applause from all those Naysayers back a couple of years ago.
Link: https://www.energy.gov/articles/biden-harris-administration-makes-final-purchase-strategic-petroleum-reserve-secures-200
Replies to: FYI..."Biden-Harris Administration Makes Final Purchase for the Strategic Petroleum Reserve...
Even a blind squirrel finds an acorn once in a while, no big deal
(no message)
Iggle and Baron among others thought it was a "Big Deal" back in 2022...here's just one thread on
the issue...I'm waiting for them to reply. For sure, your thoughts are "No Big Deal" ;-)
Link: https://forum.uhnd.com/forum/index.php?action=display&forumid=2&msgid=84778
What's the net change during the Granholm administration?
I mean Biden. Sorry!
Your prediction of a crisis brought on by Biden’s SPR drawdown never happened…
…in fact the move yielded a “Win-Win” for Biden…lower gas prices AND more money in the federal till.
You haven’t advanced your reputation as a “Strategic Thinker” on this board with that post.
Hopefully you followed my advice, Ty.
Actually, I don't give a fuck.
Link: https://www.perplexity.ai/search/what-was-the-return-of-spx-in-87Ir84J2Te.7_YIGGhqB7w#0
The S&P 500 rose 64% over the last 4 years (13%/yr, compounded)...as I said, you're not a Strategic
or Long Term Thinker....thanks, but no thanks, for your 'advice'.
btw, who was in the WH during all that time, which included a worldwide pandemic, massive supply chain disruptions, very high Inflation and a War on Ukraine started by Vladimir Putin which inflated oil prices around the globe? Looks like we had the right guy as President.