Replies to post #436012 on Tornado Alley (PROG)

[zab]

President Biden probably did the best Oil Trade of any President in the history of America. He actually sold off the old oil supplies of America at Prices North of $ 100. a barrel. He executed those trade at some high prices, and now he is replacing those oil supplies in th high $ 70s to low $ 80s a barrel.

You are talking about 10s of millions of barrels. Talk about getting rid of old inventory and replacing it with much better refined oil.

He has saved America 10s of Billions of dollars; some accountant would have to add all of those trades for an exact number. He also caught Russia and Saudi Arabia and hurt them economically. In the oil industry someone is always winning, and someone else is always losing. Just like in trading, someone sells high and buys low.

Once again President Biden has been politics for decades, he understands so many things, it is called experience.

[blackhawks]

Pic Of The Moment: The Useless Caucus



Marjorie Taylor Greene's amendment to bar Biden from selling oil goes down in massive bipartisan def
Source: Raw Story

defeat

For the last year, President Joe Biden has released a record amount of oil from America's petroleum reserves in order to increase oil supply and lower the price of gasoline that skyrocketed at the start of Russia's invasion of Ukraine.

-snip-

Rep. Marjorie Taylor Greene (R-GA) on Thursday proposed an amendment that would have prevented Biden from selling oil in the future to combat high gas prices.

In justifying the amendment, Greene argued that "we need to chart a path back to energy independence and ensure President Biden is not able to sell our critical oil supplies to China and other enemy nations," this is why she wants to "prevent Biden from claiming an emergency to further reduce our strategic oil supplies."

It seems that the vast majority of members of Congress -- including the vast majority of her Republican colleagues -- thought that this was a bad idea, as a vote on the amendment ended with just 14 votes in favor and a whopping 418 votes opposed.

Read more: https://www.msn.com/en-us/news/politics/marjorie-taylor-greene-s-amendment-to-bar-biden-from-selling-oil-goes-down-in-massive-bipartisan-defeat/ar-AA16MAbk?cvid=73ea0b2fdbc64a489c9650af7cf1b05f