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Thread: OIL..

  1. #1671

    Default

    Diesel Shortage Leaves US With Just 25-Day Supply as Demand Surges

    https://www.msn.com/en-ca/money/mark...de0482aa1b4d81

    diesel is selling 17% higher than regular gas in my area

  2. #1672

    Default

    Diesel in Illinois is 5.29 and reg is 4.08 today.
    What's the Frequency, Kenneth?

    432Hz

  3. #1673

    Default

    Will the retarded geezer tap our reserves again.

    Biden sold 180 million barrels of oil from the reserve to fight oil prices that had spiked on concerns about Russia's war on Ukraine, stronger demand as global consumers emerged from the pandemic, and U.S. drillers struggling at first to boost output.

    The oil price jump helped push U.S. inflation to the highest level in 40 years.

    The U.S. president announced a plan last month to begin refilling the stockpile when U.S. crude is around $70 a barrel, a level he said would allow drillers to profit while being a good deal for taxpayers. The U.S. benchmark was around $89 on Thursday. [O/R]

    The U.S. Treasury estimated that the 180 million barrel sale cut gasoline prices by up to about 40 cents per gallon compared to what they would have been absent the release.

    But the sale also bled the SPR, meant to be a protection against shocks in energy markets, to the lowest level since May 1984. And it helped to sour U.S. relations with Saudi Arabia which sided with Russia in early October in a deep oil production cut.

    Biden said on Oct. 19 the United States is ready to tap the SPR again early next year to rein in prices.

    https://currently.att.yahoo.com/fina...153447468.html
    1835 Andrew Jackson had US debt at ZERO $0
    175 YEARS later .......
    2008 Owebama started at $10 TRILLION, left 2016 at $20 TRILLION
    So from 2008 - 2021 (13 years) added $20 TRILLION

    https://youtu.be/1kuTG19Cu_Q

  4. #1674

    Exclamation

    Regular gas Just Jumped from $3.83 to $4.29 a Gallon here in Michigan..
    Just in Time for the Election
    x3

  5. #1675

    Default

    Went up about 40 cents here in Illinois.

    Trump says after the election, look out!
    What's the Frequency, Kenneth?

    432Hz

  6. #1676

    Default

    Quote Originally Posted by High Chaparral View Post
    Will the retarded geezer tap our reserves again.

    Biden sold 180 million barrels of oil from the reserve to fight oil prices that had spiked on concerns about Russia's war on Ukraine, stronger demand as global consumers emerged from the pandemic, and U.S. drillers struggling at first to boost output.

    The oil price jump helped push U.S. inflation to the highest level in 40 years.

    The U.S. president announced a plan last month to begin refilling the stockpile when U.S. crude is around $70 a barrel, a level he said would allow drillers to profit while being a good deal for taxpayers. The U.S. benchmark was around $89 on Thursday. [O/R]

    The U.S. Treasury estimated that the 180 million barrel sale cut gasoline prices by up to about 40 cents per gallon compared to what they would have been absent the release.

    But the sale also bled the SPR, meant to be a protection against shocks in energy markets, to the lowest level since May 1984. And it helped to sour U.S. relations with Saudi Arabia which sided with Russia in early October in a deep oil production cut.

    Biden said on Oct. 19 the United States is ready to tap the SPR again early next year to rein in prices.

    https://currently.att.yahoo.com/fina...153447468.html
    Yeah, but he's going to sell low and buy high to refill the reserve. I guess he learned that Economics -101.
    American Legion Preamble: https://www.legion.org/preamble

  7. #1677

    Default

    I guess we're supposed to be stupid and not understand that part of the lower gas prices over the summer has been because the state tried to mask the gas cost and stop the gas tax. Gas tax is going back on right after the election here in New York. Couldn't be a coincidence could it?
    American Legion Preamble: https://www.legion.org/preamble

  8. #1678

    Default

    Quote Originally Posted by High Chaparral View Post
    Will the retarded geezer tap our reserves again.

    Biden sold 180 million barrels of oil from the reserve to fight oil prices that had spiked on concerns about Russia's war on Ukraine, stronger demand as global consumers emerged from the pandemic, and U.S. drillers struggling at first to boost output....
    ...But the sale also bled the SPR, meant to be a protection against shocks in energy markets, to the lowest level since May 1984. And it helped to sour U.S. relations with Saudi Arabia which sided with Russia in early October in a deep oil production cut....
    Get your tin foil hat ready for this one -

    In a world where legally elected Liz Truss just got tossed out of power & replaced by a Goldman Banker, we are seeing the US petro reserve dwarfed and a large chunk of the US military supplies sent out of the US, just in time for mid term elections. If the elections go "the wrong way", will a "helpful big brother" come in to "correct the mistakes" that the US electorate made, without fear of the US having the ability to retaliate as forcefully as they would have 2 years ago?
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  9. #1679

    Default

    Quote Originally Posted by LongDonSilver View Post
    I guess we're supposed to be stupid and not understand that part of the lower gas prices over the summer has been because the state tried to mask the gas cost and stop the gas tax. Gas tax is going back on right after the election here in New York. Couldn't be a coincidence could it?
    The pain is almost always given most heavily right after the elections. The short memory of the voters is counted on by almost every politician.
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  10. #1680

    Default

    Quote Originally Posted by redraspberry View Post
    Diesel in Illinois is 5.29 and reg is 4.08 today.


    1962 reg gas price 27 cts/gal
    2022 reg gas price 27 cts/gal in Consitutional silver coins

    3.82 melt quarter x 27/25 = 4.12/gal

    with premium, a silver qtr can buy more gas

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