rotten news relay - comp.os.linux.advocacy - Bidenomics-->> Oil SPR--> Sell low and buy back high

Subject: Bidenomics-->> Oil SPR--> Sell low and buy back high
From: John Smyth
Newsgroups: alt.fan.rush-limbaugh, comp.os.linux.advocacy, talk.politics.guns
Organization: A noiseless patient Spider
Date: Tue, 30 Jul 2024 17:19 UTC

Path: eternal-september.org!news.eternal-september.org!.POSTED!not-for-mail
From: smythlejon2@hotmail.com (John Smyth)
Newsgroups: alt.fan.rush-limbaugh,comp.os.linux.advocacy,talk.politics.guns
Subject: Bidenomics-->> Oil SPR--> Sell low and buy back high
Date: Tue, 30 Jul 2024 13:19:02 -0400
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Bidenomics strikes again.
No wonder people are suffering under this Biden regime.

<https://oilprice.com/Latest-Energy-News/World-News/US-To-Buy-465-Million-Barrels-for-The-SPR-But-Theres-A-Problem.html>

'U.S. To Buy 4.65 Million Barrels for The SPR, But Theres A Problem'

'The U.S. Department of Energy has finalized a contract to purchase 4.65
million barrels of crude oil for the Strategic Petroleum Reserve (SPR),
the latest in a string of contracts aimed at refilling the SPR following
a record release of 180 million barrels in 2022.
Exxon Mobil (NYSE:XOM) will supply 3.9 million barrels of the contract
with Macquarie Commodities Trading US LLC supplying the rest.
The DOE has since repurchased a total of 43.25 million barrels at an
average price of around $77 a barrel, considerably lower than its sale
price of $95 per barrel. Further, the DOE has worked with Congress to
cancel a previously planned sale of 140 million barrels of oil from the
reserve, also counting toward the refilling of the stockpile,

"As promised, we have secured the 180 million barrels back to the
Strategic Petroleum Reserve released in response to Putins war in
Ukraine--and we accomplished this while getting a good deal for
taxpayers and maintaining the readiness of the worlds largest Strategic
Petroleum Reserve," Energy Secretary Jennifer Granholm has declared.

As of July 19, the SPR contained about 374.4 million barrels of crude,
the highest level since the end of 2022. However, the current level is
well below the typical 600-700 million the SPR held when the country
used to rely more heavily on oil imports.

As the Biden Administration takes its time to refill the reserve, Deputy
Energy Secretary David Turk said that the department only has around
$1.2 billion left in the account it uses to purchase crude oil for the
reserve. According to Bloomberg, the current balance would allow for the
purchase of around 15 million more barrels of crude. Turk is quoted as
saying that We would like to, of course, do more than that, Turk said.
But we do need additional funds to buy back even more and were in
continuing contact with Congress to make sure that everyone is doing
their part there.

Previously, SPR reserves dropped to a 40-year low below 350 million
barrels of crude, eliciting fresh concerns regarding the countrys
energy security with industry experts charging that the Biden
administration has been dragging its feet on the matter.

I dont think they have any sense of urgency. Why in Gods name did the
Department of Energy not sell at 100 and then buy at 70 when they had
the opportunity to? Ed Hirs, energy fellow at the University of
Houston, told Yahoo Finance in an interview.'

Subject: Re: Bidenomics-->> Oil SPR--> Sell low and buy back high
From: Mitchell Holman
Newsgroups: alt.fan.rush-limbaugh, comp.os.linux.advocacy, talk.politics.guns
Organization: ViperNews - www.vipernews.com
Date: Tue, 30 Jul 2024 18:06 UTC
References: 1

Newsgroups: alt.fan.rush-limbaugh,comp.os.linux.advocacy,talk.politics.guns
Subject: Re: Bidenomics-->> Oil SPR--> Sell low and buy back high
From: noemail@aol.com (Mitchell Holman)
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John Smyth <smythlejon2@hotmail.com> wrote in
news:qt7iajdvd7p3g71iv0mce6a4b4nqsrl2s5@4ax.com:

> Bidenomics strikes again.
> No wonder people are suffering under this Biden regime.

Yes, nothing says economic suffering
like record vacation spending.

Holiday Weekend Travel Hits Record High
May 27, 2024
https://www.huffpost.com/entry/2024-memorial-day-weekend-travel-record_n_
66548896e4b05212274910c3

Spring Break 2024 Travel Surge Breaks Records
Apr 4, 2024
https://www.getzippin.com/blog/spring-break-2024

Cruise Bookings Hit Record Levels in 2024
January 12, 2024
https://tinyurl.com/2k6r64kc

Holiday spending sets new record online
01/04/24
https://tinyurl.com/3yhwh8bh

Cruise bookings are so hot that some
lines are running out of inventory
Oct. 02, 2023
https://tinyurl.com/bddwrd8n

Subject: Re: Bidenomics-->> Oil SPR--> Sell low and buy back high
From: Chips Loral
Newsgroups: alt.fan.rush-limbaugh, comp.os.linux.advocacy, talk.politics.guns
Organization: A noiseless patient Spider
Date: Tue, 30 Jul 2024 18:19 UTC
References: 1 2

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From: loralandclinton@invalid.co (Chips Loral)
Newsgroups: alt.fan.rush-limbaugh,comp.os.linux.advocacy,talk.politics.guns
Subject: Re: Bidenomics-->> Oil SPR--> Sell low and buy back high
Date: Tue, 30 Jul 2024 12:19:10 -0600
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Mitchell Holman wrote:
> John Smyth <smythlejon2@hotmail.com> wrote in
> news:qt7iajdvd7p3g71iv0mce6a4b4nqsrl2s5@4ax.com:
>
>> Bidenomics strikes again.
>> No wonder people are suffering under this Biden regime.
>
>
>
> Yes, nothing says economic suffering
> like record vacation spending.
>
Yes, people seek to ESCAPE the morass Xiden made of this nation, cornholer.

Subject: Re: Bidenomics-->> Oil SPR--> Sell low and buy back high
From: Chris Ahlstrom
Newsgroups: alt.fan.rush-limbaugh, comp.os.linux.advocacy, talk.politics.guns
Organization: None
Date: Tue, 30 Jul 2024 19:30 UTC
References: 1 2

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From: OFeem1987@teleworm.us (Chris Ahlstrom)
Newsgroups: alt.fan.rush-limbaugh,comp.os.linux.advocacy,talk.politics.guns
Subject: Re: Bidenomics-->> Oil SPR--> Sell low and buy back high
Date: Tue, 30 Jul 2024 15:30:47 -0400
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Mitchell Holman wrote this copyrighted missive and expects royalties:

> John Smyth <smythlejon2@hotmail.com> wrote in
> news:qt7iajdvd7p3g71iv0mce6a4b4nqsrl2s5@4ax.com:
>
>> Bidenomics strikes again.
>> No wonder people are suffering under this Biden regime.

"Regime" LMAO

> Yes, nothing says economic suffering like record vacation spending.

And spending on sports tickets, fancy beers and bourbon, pot, streaming
services, houses, <laughing> Trump gear <laughing>, trucks bigger than Trump's
ass, ....

Of course, people at the margins in the best of times are still at the margins
now.

> Holiday Weekend Travel Hits Record High
> Spring Break 2024 Travel Surge Breaks Records
> Cruise Bookings Hit Record Levels in 2024
> Holiday spending sets new record online
> Cruise bookings are so hot that some
> lines are running out of inventory

--
Today is what happened to yesterday.

Subject: Re: Bidenomics-->> Oil SPR--> Sell low and buy back high
From: Governor Swill
Newsgroups: alt.fan.rush-limbaugh, comp.os.linux.advocacy, talk.politics.guns
Organization: Easynews - www.easynews.com
Date: Wed, 31 Jul 2024 04:50 UTC
References: 1 2 3

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From: governor.swill@gmail.com (Governor Swill)
Newsgroups: alt.fan.rush-limbaugh,comp.os.linux.advocacy,talk.politics.guns
Subject: Re: Bidenomics-->> Oil SPR--> Sell low and buy back high
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BOFH excuse #165: Backbone Scoliosis

comp / comp.os.linux.advocacy / Bidenomics-->> Oil SPR--> Sell low and buy back high

Subject	Author
Bidenomics-->> Oil SPR--> Sell low and buy back high	John Smyth
Re: Bidenomics-->> Oil SPR--> Sell low and buy back high	Mitchell Holman
Re: Bidenomics-->> Oil SPR--> Sell low and buy back high	Chips Loral
Re: Bidenomics-->> Oil SPR--> Sell low and buy back high	Governor Swill
Re: Bidenomics-->> Oil SPR--> Sell low and buy back high	Chris Ahlstrom