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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (1352550)4/5/2022 11:54:01 AM
From: Qone01 Recommendation

Recommended By
Brumar89

  Respond to of 1584048
 
Actually it's both Trump and Bidens doing.

Trump caused the rig count to crater by not propping up the price of oil and let it go negative during the lock down. Didn't add one barrel of oil to the strategic oil reserve during his time.

The U.S. Strategic Petroleum Reserve was set up in the 1970s as an emergency source of oil in the event of unexpected supply disruptions. When Donald Trump took office as president in January 2017, the reserve held 695.1 million barrels of crude oil. The last full week before he left office in January 2021, it held 638.1 million barrels, or about 8% less.


https://www.factcheck.org/2022/04/strategic-petroleum-reserve-oil-stocks-declined-under-trump-contrary-to-his-claim/


Biden has compounded this with the green agenda, the rig count is just now starting to recover.






oilprice.com




To: Tenchusatsu who wrote (1352550)4/5/2022 2:24:53 PM
From: Broken_Clock  Read Replies (1) | Respond to of 1584048
 
another reason could be that the prices are going up so fast that your numbers are obsolete.

I wish gas was only $3.43