DOE releases 1 million barrels from Northeast Reserve in attempt to bring down gas prices

Yet, the U. S. produced more crude oil than any country ever in 2023.

"Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global record of 12.3 million b/d, set in 2019. Average monthly U.S. crude oil production established a monthly record high in December 2023 at more than 13.3 million b/d." [Forbes].
Almost entirely due to fracking and offshore oil. Dems wanted to get rid of both not that long ago.
 
The USA produces far more oil than we consume, and with high investment in oil production, it looks set to produce even more oil.

Less than 1% of our oil comes from Venezuela, and that would easily be replaced by the huge surplus we have of oil.
Really Walt? Link to that source?

So, if we have more than enough oil, why is Biden constantly raiding our STOR and selling it cheap to the Chinese? Curious minds want to know.
 
Oil for holiday travel you fucking scum bag
It’s a pretty routine move idiot
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Yet, the U. S. produced more crude oil than any country ever in 2023.

"Crude oil production in the United States, including condensate, averaged 12.9 million barrels per day (b/d) in 2023, breaking the previous U.S. and global record of 12.3 million b/d, set in 2019. Average monthly U.S. crude oil production established a monthly record high in December 2023 at more than 13.3 million b/d." [Forbes].

Really? Then why does Biden have to constantly raid the SOR?

THINK snowflake, THINK!!
 
When it comes to useless and dumb ploys to gaslight Americans, Biden is the champion.

DOE releases 1 million barrels from Northeast Reserve in attempt to bring down gas prices

One million barrels of gasoline have been released from the Northeast Gasoline Supply Reserve in an effort to lower gas prices, the Department of Energy announced Tuesday.

According to the DOE, the barrels will be sold at an average price of $2.34 per gallon — days before the July 4 holiday, when more than 60 million people are expected to hit the roads this year. The move is unlikely to have a significant impact on gas prices, however, as the amount being sold only amounts to a fraction of gasoline used in a single day.


The United States consumed an average of nearly 9 million barrels of gasoline per day in 2023, according to the Energy Information Administration. That means the barrels that are being released would amount to approximately three hours’ worth of additional fuel for the country.
No surprise, its an election year!
 
Really? Then why does Biden have to constantly raid the SOR?

THINK snowflake, THINK!!
They don't have to. It is a relatively small amount used to lower prices. They are already replacing what they borrowed. We are now a net exporter of oil.

It is not unusual for presidents to use some of the SOR. When Trump took office in 2017 there was 695 million barrels. When he left office in 2021 there was 638 million.

Try doing some research from real news sources to support your information.

OPEC just announced it will increase production.
 
Almost entirely due to fracking and offshore oil. Dems wanted to get rid of both not that long ago.
But they did not get rid of it which enabled us to have record production. Don't forget the horizontal drilling that increased production. That is a good reason to transition to other fuel sources since fracking has been causing problems with water supply and causing earthquakes.
 
They don't have to. It is a relatively small amount used to lower prices. They are already replacing what they borrowed. We are now a net exporter of oil.

If they don't have to, then why do it? The tiny amount does not lower prices, it lowers our security. DUH!

It is not unusual for presidents to use some of the SOR. When Trump took office in 2017 there was 695 million barrels. When he left office in 2021 there was 638 million.

Never fails.....BUT TRUMP!!! Stupid.

Link to your malarky and we can debate the reasons. Trump didn't do it for political reasons. DUH.

Try doing some research from real news sources to support your information.

Ironic from a dolt who has done nothing one would call research. Why don't you link us up? Love to have that debate.

OPEC just announced it will increase production.

What does that mean? The topic is Biden raiding the NOR. :palm:
 
But they did not get rid of it which enabled us to have record production.

Once again, if its a record production, why raid the SOR??

Don't forget the horizontal drilling that increased production.

See above. :palm:

That is a good reason to transition to other fuel sources since fracking has been causing problems with water supply and causing earthquakes.
Source of this malarky? :palm:
 
Really Walt? Link to that source?

So, if we have more than enough oil, why is Biden constantly raiding our STOR and selling it cheap to the Chinese? Curious minds want to know.
Truth Detester is going back to the Big Ass Book of Things That Did Not Happen to help explain the world.
 
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