The Shining City Upon a Hill
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Re: The Shining City Upon a Hill
First things first. SSG is nothing more than a cheerleader/propagandist for the liberals. That's as far as it goes with him. I say that because I know he's gonna do his usual thing when he reads this article. Pay no attention.
Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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Re: The Shining City Upon a Hill
Is Sniffer Joe starting to realize that President Trump was doing thing the correct way? "President Joe Biden has once again ignited fury among the far-left of his Democratic Party after he made his decision on a key administration pick Monday." The White House announce that Biden has chosen to renominate Jerome Powell to another 4 year term as Federal Reserve Chairman. Powell was originally appointed by President Trump.
https://conservativebrief.com/left-ignites-55078/Comment
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Re: The Shining City Upon a Hill
U.S. to release oil from reserves in coordination with other countries to lower gas prices
- The U.S. will release 50 million barrels of crude from the Strategic Petroleum Reserve, the White House said Tuesday.
- The move is a coordinated effort between energy-consuming nations including China and Japan to combat the rapid rise in energy prices.
- Prior to Tuesday’s announcement the Biden Administration repeatedly said that it was looking at the tools at its disposal as prices at the pump hover around a seven-year high.
President Joe Biden said Tuesday that the administration will tap the Strategic Petroleum Reserve as part of a global effort from energy-consuming nations to calm 2021′s rapid rise in fuel prices.
The coordinated release between the U.S., India, China, Japan, Republic of Korea and the United Kingdom is the first such move of its kind.
In total, the U.S. will release 50 million barrels from the SPR. Of the total 32 million barrels will be an exchange over the next several months, while 18 million barrels will be an acceleration of a previously authorized sale.
“The President stands ready to take additional action, if needed, and is prepared to use his full authorities working in coordination with the rest of the world to maintain adequate supply as we exit the pandemic,” the White House said in a statement.
“This is a well timed move to try and lower oil prices,” said John Kilduff, partner at Again Capital. “This added supply should help to bridge the production shortfall ahead of winter, especially if we get confirmation of meaningful supply, as well, from several of the major Asian consuming nations,” he added.
As of Nov. 19 the SPR held 604.5 million barrels spread across four sites, according to the Department of Energy. It takes 13 days after a presidential announcement for the oil to hit the market, according to DofE.
“The supply side support is intended to quell oil prices and keep pandemic GDP recovery on track, especially amid the backdrop of an increasingly inflationary macro environment,”
“Tapping the SPR will provide much-needed temporary relief at the pump and will signal to OPEC that they cannot recklessly manipulate supply to artificially inflate gas prices,” Senate Majority Leader Chuck Schumer said in a statement.
At 50 million barrels, Tuesday’s announced action represents one of the largest-ever release from U.S. reserves, eclipsing past interventions that saw the U.S. putting 30 million barrels onto the world market.
Everything Joe touches turns to shit.
Remember when the White House earlier this year said that inflation was transitory and would remain confined to just a few areas of the economy, predictions that proved wildly offbase as inflation became widespread, rose to its fastest pace in decades, and appears to be accelerating further?
I don't understand why you keep letting Biden dupe you into believing anything that he says.
As far as your article on oil? More bad news for Joe. He has put himself at the mercy of OPEC via of his own energy policy. He's hurting the people.
Backfire: Oil Prices Soar as Market Rejects Biden Administration’s Strategic Reserve Ploy
Oil prices rose above $82 a barrel on Tuesday morning after the Biden administration announced the U.S. and other nations would release tens of millions of barrels of oil from reserves in a ploy to lower prices.
The price of Brent Sweet Crude, the global benchmark, rose by more than three percent following the announcement that the U.S. would be releasing 50 million barrels from the Strategic Petroleum Reserves. China, India, South Korea, Japan, and Britain are also planning to release reserves, the White House said.
Oil prices rose above $82 a barrel on Tuesday morning after the Biden administration announced the U.S. and other nations would release tens of millions of barrels of oil from reserves in a ploy to lower prices.
The price of Brent Sweet Crude, the global benchmark, rose by more than three percent following the announcement that the U.S. would be releasing 50 million barrels from the Strategic Petroleum Reserves. China, India, South Korea, Japan, and Britain are also planning to release reserves, the White House said.
Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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Re: The Shining City Upon a Hill
It appears that Sniffer Joe was not 100% on his physical. Biden’s Doctor Reveals Two New Health Issues He Noticed During Recent Physical - Conservative BriefComment
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Re: The Shining City Upon a Hill
Everything Joe touches turns to shit.
Remember when the White House earlier this year said that inflation was transitory and would remain confined to just a few areas of the economy, predictions that proved wildly offbase as inflation became widespread, rose to its fastest pace in decades, and appears to be accelerating further?
I don't understand why you keep letting Biden dupe you into believing anything that he says.
As far as your article on oil? More bad news for Joe. He has put himself at the mercy of OPEC via of his own energy policy. He's hurting the people.
... for every barrel that US refiners elect to take, they have to replace back at a later date, usually at a lower cost.Comment
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Re: The Shining City Upon a Hill
.. .the release of 50M barrels of oil from the US Strategic Reserve will take about three weeks to get to market. The release is meant to reduce the price of gasoline in the USA only, not the entire global oil market.
... for every barrel that US refiners elect to take, they have to replace back at a later date, usually at a lower cost.
Tell the good people at home how much prices will drop for a gallon of gas in 3 weeks? We're all ears. Do tell??Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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