Tag: Bailout

Biden Is Running U.S. Energy Security Into The Ground

Tina Marie (Ms. Cat)

The White House divulged late on Tuesday its plan to release 15 million barrels of crude oil from the strategic petroleum reserve to be delivered in December, as the last tranche of the emergency 180 million barrel release that the Biden Administration announced in March.

Biden Is Running U.S. Energy Security Into The Ground

Related:

Biden Manipulates Oil Price To Buy More Votes

Since its inauguration the Biden administration has sold more than 220 million barrels from the 650+ reserve. Refilling it at $70/bl, nearly $50 per barrel more than Trump was going to pay, will be quite costly.

Oil industry push for Trump bailout draws political headwinds – POLITICO

Tina Marie (Ms. Cat)

Sen. Lindsey Graham (S.C.) said some lawmakers, including Lankford and Sen. John Hoeven (N.D.), told Trump and administration officials that “the Russians are trying to break the back of the American shale oil industry.”

“They were listening intently,” Graham added. “You can talk to them about their response, but that was something that I hadn’t really thought that much about until the lunch. I don’t want the Russians to be able to get away with destroying their competition here.”
— Read on www.politico.com/news/2020/03/11/oil-bailout-trump-125949

This is all BS! It was going to happen, despite the recent OPEC situation! All I remember hearing, these past few months , is about the “small” oil companies failing at paying their loans!?