America's Emergency Oil Reserve Is Shrinking Fast

[Cheezoholic]

21. When we draw it down it goes on the market to be sold at whatever the market is at

In times of different types of temporary economic pressure adding some supply can help somewhat and stabilize prices giving wholesale purchasers of oil byproducts that produce the 10 million things we make from oil a bit of production relief that sends ripples of relief through the economy. But not these fucks. They'll drain it dry foolishly and we have no clue where the proceeds are going (normally into a fund to replenish it but, yeah right).

Remember when Biden sold it it off high and bought it back at roughly 25% less during/after COVID once prices came down and stabilized? Yeah, not a peep from the M$M on any comparison to strategies.

I also remember when this FatFuck SCREAMED about oil dipping below 60bbl and even declared an emergency and GAVE Big Oil Billions right after he got into office in his first term (this Iran shit is their payoff second time around). Literally used the term "Big Beautiful Oil" (sound familiar?). The fucking grift was on straight out of the gate back then. Whatever guardrails there were against these fascists even back then, they were made of wood. Old rotting wood.