TYB
"Then they all asked me, why I let the national fuel reserve get so low.
I said, first time it was Obama who ran it low, the after I filled it up at the worlds cheapest price,
Then Joe Biden sold it off attempting to fool the people that he had low gas prices; he sold it off.
But look, with Hormuz now reopening, and a glut expected on the global market, I would be stupid not to wait for the arse to fall out of oil pricing before topping up the national reserve."
Not before the NR is refilled.
>historical fact
Things have changed,
some have pulled out of OPEC
suggesting they're preparing to defy history.
Energy pricing will fall
renewable projects subsidies will dry up
being unable to compete.
If they become commercially viable, they will survive.
If not, they'll be packed up and gone with your tax dollars
in the blink of an eye.
Leaving only their decaying infrastructure to clean up.
It won't habben overnight, but it is inevitable.
Nuclear will expand in preparation for the next phase of humanity.
They have large national reserves, Japan from memory, 254 days supply…
>trump SOLD our NR to china
No, that was Biden.
Unipec America (U.S. trading arm of China’s state-owned Sinopec) purchased nearly 1 million barrels in one April 2022 sale.
oversight.house.gov
Other U.S. and international companies that bought SPR oil later exported portions to China, India, Europe, and elsewhere. This increased global supply, which was one goal of the releases.
factcheck.org
This was not unique to Biden: similar sales and exports occurred under previous administrations, including Trump (e.g., to PetroChina subsidiaries). However, the scale of the 2022 drawdown drew intense scrutiny.
Now what?
Yes, but Trump ensured to get Venezuela online prior to proceeding.
It may be considered risky by opposers, but it was very well calculated
and timed.
Considering all the kinetic structure involved, it's worked out perfectly.