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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (1377947)10/26/2022 7:05:46 PM
From: miraje1 Recommendation

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Tenchusatsu

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this part of the op-ed is worth repeating:

So is this part. Draining the SPR to buy votes is dangerous and idiotic and should be against the law.

Message 34052833

... It starts with getting the United States to draw down its Strategic Petroleum Reserve. It is a huge stock of crude oil stored in giant caverns that we can draw on in an emergency to offset any cutoff in our domestic production or imports. Last Wednesday, President Biden announced the release of 15 million more barrels from the reserve in December, completing a plan he laid out earlier to release a total of 180 million barrels in an effort to keep gasoline prices at the pump as low as possible — in advance of the midterm elections. (He didn’t say the last part. He didn’t need to.)

According to a report in The Washington Post, the reserve contained “405.1 million barrels as of Oct. 14. That’s about 57 percent of its maximum authorized storage capacity of 714 million barrels.”

I sympathize with the president (I don't). People were really hurting from $5- and $6-a-gallon gasoline. But using the reserve — which was designed to cushion us in the face of a sudden shut-off in domestic or global production — to shave a dime or a quarter off a gallon of gasoline before elections is a dicey business, (criminal negligence, IMO)
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