Biden is a disaster.
"Biden Missed Chance to Refill SPR at Lower Rates After Draining It
for Political Reason"
<https://www.breitbart.com/clips/2023/10/21/cnbc-biden-missed-chance-to
- refill-spr-at-lower-rates-after-draining-it-for-political-reasons/>
"On Friday’s broadcast of CNBC’s “Squawk Box,” co-hosts Becky Quick
and Joe Kernen reacted to news that the Biden administration wants to
try to refill the Strategic Petroleum Reserve (SPR) at a price of $79
a barrel or less by noting that there was a time when the SPR could
have been refilled at a lower price, but we didn’t and the reserve is
low because it was drained “to help stem an inconvenient price rise
for an administration.”
Kernen said, “[T]he Department of Energy says it wants to buy six
million barrels of oil for the Strategic Petroleum Reserve. It’s
hoping to get a price of $79 or less. The department is working to
refill the Petroleum Reserve after President Biden ordered a historic
release to try to stem high gas prices. Buy low, sell high. I’m not
sure that’s what we’re doing here. There was a time.”
Quick responded, “Very briefly, yeah, where we could have filled it at
lower rates.”
Kernen then said, “[I]t does get a little scary with — no one was
expecting the Middle East to totally be a different place than what we
saw or what we thought it was six months ago.”
Quick stated, “No. And if you looked at oil prices three weeks ago, we
were talking about how energy prices had come down 10% in ten days,
WTI. And that was something we were watching really closely. It was on concerns that there wasn’t going to be as much demand around the globe
with a potential recession. … So, it turned very quickly.”
Kernen then asked, “If there was a real situation, how much do — we
don’t have that much for the emergency — what it was designed for.”"
"Quick then cut in to say, “Yeah, but we also produce far more energy
today.”
Kernen responded, “Right. But it was not designed to help stem an inconvenient price rise for an administration.” Quick responded,
“No.”"
Paul Ragna <tpragna1900O@gmail.com> wrote in news:XnsB0A4C37FA929D882000099222@135.181.20.170:
Biden is a disaster.
"Biden Missed Chance to Refill SPR at Lower Rates After Draining It
for Political Reason"
<https://www.breitbart.com/clips/2023/10/21/cnbc-biden-missed-chance-to
- refill-spr-at-lower-rates-after-draining-it-for-political-reasons/>
"On Friday’s broadcast of CNBC’s “Squawk Box,” co-hosts Becky Quick
and Joe Kernen reacted to news that the Biden administration wants to
try to refill the Strategic Petroleum Reserve (SPR) at a price of $79
a barrel or less by noting that there was a time when the SPR could
have been refilled at a lower price, but we didnÂ’t and the reserve is
low because it was drained “to help stem an inconvenient price rise
for an administration.”
It was sent to the Ukraine and China. Dirty Joe Biden sold American resources to enemies of the USA and personally profited from it.
Kernen said, “[T]he Department of Energy says it wants to buy six
million barrels of oil for the Strategic Petroleum Reserve. ItÂ’s
hoping to get a price of $79 or less. The department is working to
refill the Petroleum Reserve after President Biden ordered a historic
release to try to stem high gas prices. Buy low, sell high. IÂ’m not
sure that’s what we’re doing here. There was a time.”
Quick responded, “Very briefly, yeah, where we could have filled it at
lower rates.”
Kernen then said, “[I]t does get a little scary with — no one was
expecting the Middle East to totally be a different place than what we
saw or what we thought it was six months ago.”
Biden cut off the Canadian oil pipeline deal.
Quick stated, “No. And if you looked at oil prices three weeks ago, we
were talking about how energy prices had come down 10% in ten days,
WTI. And that was something we were watching really closely. It was on
concerns that there wasnÂ’t going to be as much demand around the globe
with a potential recession. … So, it turned very quickly.”
Kernen then asked, “If there was a real situation, how much do — we
don’t have that much for the emergency — what it was designed for.”"
"Quick then cut in to say, “Yeah, but we also produce far more energy
today.”
We waste more energy today.
Kernen responded, “Right. But it was not designed to help stem an
inconvenient price rise for an administration.” Quick responded,
“No.”"
Paul Ragna <tpragna1900O@gmail.com> wrote in >news:XnsB0A4C37FA929D882000099222@135.181.20.170:
Biden is a disaster.
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