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by roenxi 1369 days ago
I will save the room 5 minutes, the major points in this video seem to be (a) the speaker doesn't like Marjorie Greene and (b) points out roughly that oil is a commodity, and if released into the market is going to get sold to whoever pays the most. That might be anyone in the world.

I do agree - it is a mistake to focus on where the oil is being sold. What is more interesting is that the strategic reserve is not being used strategically. I would argue it is being used ineffectually, the problems here go a bit deeper than what the SPR could possibly cope with. At this rate it is going to run out and not even make a marginal difference.

1 comments

The GOP lifted the ban on exporting from the SNR, and tacked it onto a "must pass" bill so Obama couldn't veto it. Blame them.
passing the blame to the party that was in power 7 years ago, for allowing this to become law, vs blaming the current regime that’s unloading SPR to China… an expected coping mechanism from the modern democrat
The SPR wasn't unloaded to China. But somehow, I think you already know that.