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Depletion of the Strategic Petroleum Reserve Is Reaching Crisis Levels
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[quote:Anonymous Coward 84186713:MV81MjMxNTk4Xzk2MzI5MzUyXzU1QjVDRTQx] [quote:Anonymous Coward 79921326:MV81MjMxNTk4Xzk2MzI4ODg0X0JEOTE5REJE] everything will hit just after the Nov Election Economic Collapse. Massive food shortages. Tripiling of Nat Gas Prices. 10$ a gallon gasoline. Shortages of Home heating oil. Prices up nearly 300% massive layoffs in the spring. stock market crash [/quote] the vaccine will bankrupt the health insurance companies. I guarantee you'll soon see a total protocol change, with premiums going up 100-200%, deductibles rising 3x or 5x, huge cuts in coverage for the vaccinated. that's going to be a big shock that the vaxxers aren't expecting. [/quote]
Original Message
In November 2021, President Joe Biden proudly announced an order to release millions of barrels of oil from the Strategic Petroleum Reserve.
"Today’s announcement reflects the President’s commitment to do everything in his power to bring down costs for the American people and continue our strong economic recovery. At the same time, the Administration remains committed to the President’s ambitious clean energy goals," the White House released in a statement at the time.
"He's used the biggest tool at his disposal, which is our Strategic Petroleum Reserve, releasing a million barrels per day to try to stabilize supply," Energy Secretary Jennifer Granholm touted in July.
The SPR is an emergency reserve typically tapped during natural disasters, times of war and limited extraordinary circumstances. Biden started its depletion for political purposes in an attempt to lower gas prices -- ahead of a midterm election -- while continuing to handcuff oil producers.
The use of the reserve hasn't worked to significantly gas lower prices and with continuing daily releases, SPR levels are getting alarmingly low.
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this post is from an article and the opinions expressed with in arent necessarily those of the OP
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