Posted on Aug 12, 2023
What? Biden Sold America’s Oil Reserve to China
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One month after Trump became president, February 2017, crude oil stood at $67.62 a barrel. By July 2020, after ramped up production and COVID, oil was $24.21 a barrel. By April 2022, oil hit $110.45 a barrel. Why? We thought we knew. Now we really know.
The going-in theory was that Biden – preoccupied by climate change, sure renewables will replace oil and gas, and oblivious to China’s pollution – dramatically cut US fossil fuels, radically raising US prices.
This was true. On and after January 20, 2021, Biden has issued punitive, increasingly restrictive executive orders, regulations, and expensive legislation – passed by single-party government – intended to shut down big parts of the US fossil fuel industry.
Not satisfied to shut down supply, the federal government has – with and without legislation – methodically perverted the demand side of the curve, too. After making gas and heating oil prohibitively expensive, they penalized makers of automobiles and countless gas-powered household appliances.
The going-in theory was that Biden – preoccupied by climate change, sure renewables will replace oil and gas, and oblivious to China’s pollution – dramatically cut US fossil fuels, radically raising US prices.
This was true. On and after January 20, 2021, Biden has issued punitive, increasingly restrictive executive orders, regulations, and expensive legislation – passed by single-party government – intended to shut down big parts of the US fossil fuel industry.
Not satisfied to shut down supply, the federal government has – with and without legislation – methodically perverted the demand side of the curve, too. After making gas and heating oil prohibitively expensive, they penalized makers of automobiles and countless gas-powered household appliances.
What? Biden Sold America’s Oil Reserve to China
Posted from amac.us
Joe Biden
China
Oil
Oil and Energy
Money
Edited >1 y ago
Posted >1 y ago
Responses: 8
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The Biden Administration ruins everything it touches!
Maj Robert Thornton CMSgt Marcus Falleaf PO2 (Join to see)
Maj Robert Thornton CMSgt Marcus Falleaf PO2 (Join to see)
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I just posted this to show how President Biden puts pressure on the Navy to cut back its Fleet while China is growing theirs and we're willing to give money away for lost causes.
https://www.marineinsight.com/shipping-news/us-navy-decommissions-legendary-missile-cruiser-mobile-bay-amidst-swelling-chinese-fleet/?fbclid=IwAR2HsH05gvb_wmc79YACS0hC_wO-JEMP746Hs61QlqhA58MMm82Ql5V50m4
The US Navy is cutting back the fleet size while we are giving money away to Ukraine and throwing away $369 billion dollars in the Inflation Reduction Act (which President Biden had admitted all along wasn't truthful) to help other countries have UNRELIABLE clean energy.
The fake and fraudulent Inflation Reduction Act was basically a mini-Green New Deal disguised as something that didn't lower inflation.
The US Navy is continuing to decommission about two dozen ships in the next year and a half while the Chinese Navy keeps growing.
China has built three Miniature Aircraft Carriers and is currently constructing a fourth which, I believe, is going to be used as a screen to keep American forces away during the future invasion of Taiwan by communist China.
I am certain a future Republican Administration would put money into keeping this and another two dozen ships maintained instead of putting them in the Reserve Fleet.
Recruiting is part of the problem but the administration is dumb to have a drag queen petty officer be used as part of the Madison Avenue approach to alienate the rank- and- file sailor recruit who is straight and doesn't want to associate joining the Navy with a Drag Queen.
Thankfully, the last Defense Authorization Act has an amendment by Republican from Indiana to get rid of the Navy Drag Queen advertising.
SPC Jeff Daley, PhD Maj Robert Thornton CMSgt Marcus Falleaf PO2 (Join to see)
https://www.marineinsight.com/shipping-news/us-navy-decommissions-legendary-missile-cruiser-mobile-bay-amidst-swelling-chinese-fleet/?fbclid=IwAR2HsH05gvb_wmc79YACS0hC_wO-JEMP746Hs61QlqhA58MMm82Ql5V50m4
The US Navy is cutting back the fleet size while we are giving money away to Ukraine and throwing away $369 billion dollars in the Inflation Reduction Act (which President Biden had admitted all along wasn't truthful) to help other countries have UNRELIABLE clean energy.
The fake and fraudulent Inflation Reduction Act was basically a mini-Green New Deal disguised as something that didn't lower inflation.
The US Navy is continuing to decommission about two dozen ships in the next year and a half while the Chinese Navy keeps growing.
China has built three Miniature Aircraft Carriers and is currently constructing a fourth which, I believe, is going to be used as a screen to keep American forces away during the future invasion of Taiwan by communist China.
I am certain a future Republican Administration would put money into keeping this and another two dozen ships maintained instead of putting them in the Reserve Fleet.
Recruiting is part of the problem but the administration is dumb to have a drag queen petty officer be used as part of the Madison Avenue approach to alienate the rank- and- file sailor recruit who is straight and doesn't want to associate joining the Navy with a Drag Queen.
Thankfully, the last Defense Authorization Act has an amendment by Republican from Indiana to get rid of the Navy Drag Queen advertising.
SPC Jeff Daley, PhD Maj Robert Thornton CMSgt Marcus Falleaf PO2 (Join to see)
US Navy Decommissions Legendary Missile Cruiser Mobile Bay Amidst Swelling Chinese Fleet
The ship’s decommissioning ceremony was held at Naval Base San Diego on 10th August 2023.
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Trump attempted to max out the oil reserves during the lowest cost in years saving the tax payor a ton of money. The Democrats block the buy saying it was just a boondoggle for the oil companies. If we bring the oil reserves to the levels they belong the cost will be exponential to what it could have been by Trump. Of course, if Trump wanted to get it done it had to be terrible for the country [Snarkey]
https://rollcall.com/2020/03/25/oil-purchase-to-fill-strategic-reserve-dropped-from-stimulus/
Lt Col Charlie Brown CMSgt Marcus Falleaf LTC Stephen Conway
PO2 Paul Endes
https://rollcall.com/2020/03/25/oil-purchase-to-fill-strategic-reserve-dropped-from-stimulus/
Lt Col Charlie Brown CMSgt Marcus Falleaf LTC Stephen Conway
PO2 Paul Endes
Oil purchase to fill strategic reserve dropped from stimulus - Roll Call
Democrats took credit for removing funding for the strategic reserve purchases from the bill, calling it a bailout for the oil industry
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