Another cheerful chart on the economic outlook.
Biden is quietly pissing away the entire SPR. Millions of barrels being pumped out every week.
Europe is going to be in a full fledged energy crisis by late fall. Looks like Scranton Joe is planning the same for us. Woohoo!
Don't buy the dip in stocks, people. Another PSA.
Link: https://twitter.com/HFI_Research/status/1542204496264146944?t=FpcIV8wHHa5BoUk7VjWjCA&s=19
Replies to: Another cheerful chart on the economic outlook.
He's done it several times already and replaced it with higher priced oil each time.
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"Biden administration launches plans to replenish Strategic Petroleum Reserve, May 5, 2022"...
from the article...
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"The call for bids from companies will take place in fall 2022, and is intended to bolster the nation's reserves for future years. President Biden announced earlier this year the U.S. would release 1 million barrels a day from the reserve to help alleviate gas prices. "
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I think the Biden admin is aware of what's going on and what needs to be done for the future.
Link: https://www.cbsnews.com/news/strategic-petroleum-reserve-biden-administration-replenish/
Very reassuring
Said everyone without a clue
Let us know what's missing here...frankly, it looks to me like he's addressing your concern...true?
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Where is he going to buy oil to refill it in the fall, Tyrone?
"Well, we're going to put out RFPs for refilling the SPR in the fall. Here are the steps:
1) RFP
2) ...
3) Full SPR!"
Our Strategic Oil Reserve is not going to run dry by the time refilling starts...unless you have
evidence/data to the contrary...let us know what you find.
Our "Gas Gauge" is going to dip lower for awhile, but the "Red Warning Light" isn't coming on before we get a 'Fill Up'.
in the long run prices will higher
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Been a rough few days.
The typically unflappable Tyrone has resorted to name calling. He's pretty good at tamping down his anger. Unlike his counterpart Jim who unhinged on the best of days. The cracks are starting to appear. The January 6 hearings aren't breaking the way he'd hope.
Taking a non-credit Creative Writing course are you now...good for you.
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I hope something good happens for you too Ty. It must be hard right now.
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i am selling every spike. the worsr has yet to come. consumers are eating through the bbb
dollars and savings. stagflation is probable.