This was supposed to be the year that the Biden administration took a first swing at the laborious process of refilling America’s energy backstop, the Strategic Petroleum Reserve (SPR).
Inside the challenging effort to refill America’s energy backstop
Buckle up!
Massive US Oil Caverns Sit Empty and Will Take Years to Refill
- Nation’s oil reserve is at 40-year-low after historic drawdown
- Experts say refilling will take decades, if it happens at all
Oil Falls Further On EIA Inventory Report
The Department of Energy provided some support for prices with an update from Energy Secretary Granholm, who said the department still planned to begin refilling the strategic petroleum reserve later this year, although she did not provide any specifics.
U.S. To Refill SPR This Year If Advantageous
Granholm said on Wednesday that the United States couldn’t repurchase crude oil for the SPR and sell crude oil out of the SPR at the same time. The DoE is actively selling crude oil from the SPR as part of a congressional mandate that will see another 26 million barrels leave the reserve between now and the end of June, with 2 million barrels released over the last two weeks.
After the recent releases from the Strategic Petroleum Reserves, inventories in the nation’s reserves have sunk to 369.6 million barrels—down from 638 million barrels at the beginning of 2021, and the lowest amount of crude oil held in the stockpiles since November 1983.
In February of this year Democrats and climate activists seized on a study published by a group called Rocky Mountain Institute (RMI), and the conclusions of the paper sent alarmists into a frenzy – Claiming they had evidence that natural gas based appliances including gas stoves create emissions that are dangerous to human health, causing asthma and impairing cognitive development, specifically in children. The Biden Administration’s Department of Energy reviewed the study and discussion mounted over the possibility of an incremental ban on various gas appliances, including up to 50% of gas stove models.
Democrats Said No One Is Coming To Take Your Gas Appliances – They Lied
Don’t need birth control, to control population growth, if you just keep bombing people!
I omitted the word “conclusive” that was included in the Washington Post headline. Why? Because it’s weasel wording included to cast doubt. You see if there is no “conclusive” evidence than you have to consider their may be circumstantial evidence. Which is a red herring. – The red herring fallacy specifically involves using that irrelevant claim to redirect the discussion and avoid discussion/debate about the original topic.
No Evidence that Russia is Behind Nord Stream Sabotage Attack
Related:
Video via Geopolitical Trends
U.S. President Biden has three key strategies in place to lower oil prices.
– The first and foremost strategy is the implementation of the NOPEC bill.
– The second pillar of the plan is to release more crude from the U.S. SPR.
– The third element of the plan to bring oil prices down is to be a concerted effort to encourage U.S. oil firms, shale or otherwise, to increase their production.
U.S. Accelerates Three-Tier Plan To Reduce Oil Prices
Diesel Crisis Deepens As Inventories Fall To Dangerous Levels
Yet right now, U.S. buyers are snapping up diesel cargos from Europe in a way similar to how Europe has been snapping up LNG cargos originally meant for Asian destinations. And supply is not going up fast enough because there is not enough refining capacity for it to go up fast enough or even meaningfully enough. And this spells a lot more trouble for both Europe and the U.S., especially in the inflation department.
The warning comes after the apparent sabotage of Russia’s Nord Stream gas pipelines
US puts energy operators on ‘heightened alert’ (Bloomberg Article)
Ms. Cat’s Chronicles 
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