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- Manlobbi
Halls of Shrewd'm / US Policy
No. of Recommendations: 7
You kids haven't seen anything yet.
The oil market is coming for Donald Trump: US Strategic Petroleum Reserve has now fallen below 300 million barrels
The International Energy Agency's May report shows global oil inventories fell by 250 million barrels across March and April, with the Q2 drawdown running at 8.5 million barrels a day. The U.S. just released another 53.3 million barrels from the Strategic Petroleum Reserve to Trafigura, Marathon, and ExxonMobil — the second major release this spring, leaving the reserve below 300 million barrels.https://www.msn.com/en-us/money/markets/the-oil-ma...According to the net sifter, the US SPR contained about 415Mbbls in January, so Lord Trump has smoked a quarter of it, in only two months. Other nations coming to the US for oil, as Trump the Petro King brags. While Burgum proclaims keeping USian oil for USians is a bad thing, because it would crimp big oil's profits.
oh, lordy
Steve
No. of Recommendations: 3
While Burgum proclaims keeping USian oil for USians is a bad thing, because it would crimp big oil's profits.
He did say it more eloquently (but only slightly so). Will MAGA notice?
“The market for energy is much larger in the rest of the world than it is here, and it’s a high fixed-cost business,” he added. “The idea that somehow we’re not going to participate and sell in a global market, it’s just not economically sound.”
No. of Recommendations: 6
While Burgum proclaims keeping USian oil for USians is a bad thing, because it would crimp big oil's profits.
This states the orthodox position of those who worship at the feet of Invisible Hand (Blesséd be his Holy Name).
“All markets and all activities in those markets shall proceed apace at the sole direction of Invisible Hand, whose unseen, efficient, invisible and inerrant guidance doth prompt all market participants to compete in the Holy Marketplace, without hindrance from the evil army of The Regulators”
Saint Kudlow the Dwarf
****
(At least that’s the cover story for the bribes, the grift, the insider trading, the theft, the picking of winners and the armed thuggery.)
No. of Recommendations: 3
at the sole direction of Invisible Hand
Translation: ideology dictates everything be rationed by ability to pay.
So much for "America first".
Will MAGA notice?
It will only matter if they notice, if there are "free and fair" elections this fall.
Steve
No. of Recommendations: 1
It will only matter if they notice, if there are "free and fair" elections this fall.
The election will be free. No one will be required to pay $100 in order to vote.
And the election will be fair. What could be more fair that confirming the electoral victory of Donald Trump, Protector of the Faithful and Voice of the American Soul?
