Macquarie: Biden likely taps oil

    Posted by steve on 15th of Apr 2024 at 03:20 pm

    Macquarie: Biden likely taps oil reserves for summer demand

    I wouldn't put it past

    Posted by matt on 15th of Apr 2024 at 03:31 pm

    I wouldn't put it past him LOL. Instead of treating it like an emergency insurance policy in case the US Gov needs oil in an emergency, he uses it for personal political reasons

    Once politicians experienced the pandemic

    Posted by DigiNomad on 15th of Apr 2024 at 03:40 pm

    Once politicians experienced the pandemic and got used to the idea that "emergencies" turned the constitution into toilet paper, everything became an emergency.  Many, if not most countries that fall into authoritarian rule typically start with the imposition of "emergency powers" by a well meaning political leader.  In Bidens case, he was reticent at first but his base openly pushed him to declare emergencies early and often in order to exercise the power that came with the declarations.  Now it's just part of our system.

    Even student loan forgiveness was attempted under the guise of "emergency powers"

    "for summer demand" aka "to

    Posted by DigiNomad on 15th of Apr 2024 at 03:31 pm

    "for summer demand" aka "to save our democracy"

    yeah to save our democracy

    Posted by matt on 15th of Apr 2024 at 03:39 pm

    yeah to save our democracy by only causing gas prices to drop 10 or 15 cents LOL -  the effect on gas prices was very minimal last time, I think it was maybe 15 cents - yep that's going to have a major effect LOL

    But Oil reserves are VERY

    Posted by rbreese on 15th of Apr 2024 at 03:27 pm

    But Oil reserves are VERY low as it is. Imagine if we get a hurricane this year that hits Our Gulf. 

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