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
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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/
Said everyone without a clue
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"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!"
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'.
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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.
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dollars and savings. stagflation is probable.