USA 2020 Elections: Thread

grarpamp grarpamp at gmail.com
Sat Feb 5 12:48:32 PST 2022


Now that Pols and incl Obama Biden and Trump have foolishly
sold off 20% the US Strategic Petroleum Reserve SPR in order to
prop up their pointless political selves and their debt spending
of dollars stolen from you for things, including crony pockets,
you neither want or need...

"In November 2021, the White House announced the release of 50 million
barrels (7,900,000 m3) to address high gasoline prices."

"Congress has been selling the oil in the reserve to fund the deficit,
in unpublicized sales."

"According to legislation already in place, the amount of oil in the
reserve could fall to as little as 410 million barrels by 2028."

Roughly two to four months of cover left (and dropping) until world ends...
https://www.spr.doe.gov/dir/dir.html
https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(United_States)

https://gasprices.aaa.com/

Expect the Biden Admin and Democrat Party to resort to yet more
extreme theatrics stunts and measures to keep themselves and their
sinking election prospects propped up.



Gas Prices At Pump Highest Since 2013; Biden Losing War Against Inflation

President Biden is about to have yet another major problem as the
average price of gasoline surged to the highest level in seven years,
according to new AAA fuel data. For this time of year, seasonal trends
show prices are the highest since 2013.

Despite Biden's attempt to squash surging fuel costs (as his war chest
runs thin), AAA reported regular gasoline at the pump rose to $3.423 a
gallon, a high most Americans haven't seen since September 2014.

Factor in Biden's warmongering with Russia over Ukraine, the
geopolitical risk premium rises and has lifted Brent prices

"Having drawn a line in the sand at $80 crude and about $3.30
gasoline, $3.40-plus gasoline will raise the pressure" on Biden

The problem for Biden now is that SPR stocks are at their lowest since
Oct 2002... 588M.
Retail gas prices at the pump for this time of year have only been
higher in 2012 and 2013... and even then, it was only marginally
higher.

It's becoming a fact that Biden's ability to impact fuel prices is
rapidly diminishing. OPEC+ has snubbed Biden's request to rapidly
increase supply.

And without being able to do anything about it (except maybe
incentivize domestic production and blow the minds of his progressive
wing), we suspect the crossover in the presidential approval chart
below will continue to grow...

The transition to a summer grade versus winter fuel grade will
increase prices further, possibly exceeding $3.50 nationally in the
coming months.

Also, inflation is widespread as consumers are plagued with some of
the highest food prices in a decade and could soon pay record-high
prices by spring.

Biden is losing the war on inflation as the growing discontent for
this administration will force households to vote with their depleted
pocketbooks during the midterms this fall.


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