Discover and read the best of Twitter Threads about #StrategicPetroleumReserve

Most recents (2)

The high price of gas is distressing to all of us. We need to understand why this is happening before we can expect to combat it. (Thread)

#ONEV1 #DemCast #DemVoice #Dems4USA #GasPrice

1/11
Russia is a major producer of gas and oil in the world. What happens in Russia affects the price of oil.

#ONEV1 #DemCast #DemVoice #Dems4USA #PutinsWar

2/11
No president can control prices in a free market. It just doesn't happen, and wouldn't be good if it did.
#ONEV1 #DemCast #DemVoice #Dems4USA #gaspump

3/11
Read 11 tweets
Note: This is NOT good news. 👈🏽

Oil prices slide as Biden announces largest-ever Strategic Petroleum Reserve release cnbc.com/2022/03/31/oil…
This massive release of oil from the #StrategicPetroleumReserve has all the markings of desperation in the face of a global emergency.

It’s the energy equivalent of dipping into a savings account to make routine payments.
QUOTE—

“the world has never had a release of oil reserves at this 1 million per day rate for this length of time. This record release will provide a historic amount of supply to serve as bridge until the end of the year when domestic production ramps up”
Read 4 tweets

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