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Page added on February 11, 2020

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Trump Wants to Sell 15 Million Barrels From US Oil Reserve

Public Policy

President Donald Trump has proposed selling 15 million barrels of oil from the U.S. emergency stockpile as part of his fiscal 2021 budget plan.

The proposal, which requires approval from Congress, would use the proceeds of the sale to fund certain Energy Department activities, including the environmental remediation of an oil field in Elk Hills, California, that was once owned by the government.

The Strategic Petroleum Reserve, the largest government stockpile in the world, was set up after the Arab oil embargo in the 1970s and has been tapped in response to Operation Desert Storm in 1991, Hurricane Katrina in 2005, and Libyan supply disruptions in 2011.

The proposed drawdown would be in addition to about 260 million barrels of congressionally mandated sales through fiscal year 2027 intended to raise money for government programs.

Trump in 2017 called for selling off half the stockpile — which currently totals 635 million barrels — to help cut the budget deficit.

RIGZONE



93 Comments on "Trump Wants to Sell 15 Million Barrels From US Oil Reserve"

  1. Davy on Thu, 13th Feb 2020 4:14 pm 

    The above five comments are from me obviously

  2. makati1 on Thu, 13th Feb 2020 4:21 pm 

    GDP Debt by country: 2019

    Japan 237.54%
    United States 106.70%
    China 55.36%
    Philippines 39.10%
    Russia 13.79%

    http://worldpopulationreview.com/countries/countries-by-national-debt/

    Who will be hurting the most? All the Western countries are near the top of the list.

  3. makati1 on Thu, 13th Feb 2020 4:27 pm 

    21 posts out of 52 are by D.Davy, not to mention his many sock puppets. Who has a mental problem? Hint: His name starts with a ‘D’. LOL

  4. makati1 on Thu, 13th Feb 2020 5:15 pm 

    I have an issue with Davy because he has moderated and neutered so many of my comments. Juan has the same problem as I do. It is the feeling of being beaten

  5. JuanP on Thu, 13th Feb 2020 5:16 pm 

    BtW, I am allergic to nutters. So, dont try to serve me anti-American nuts or I will go in convulsions, spasms, spray drool everywhere, and my brain functions will be severely lowered.

  6. JuanP on Thu, 13th Feb 2020 5:16 pm 

    The above five comments are from me obviously

  7. makati1 on Thu, 13th Feb 2020 5:19 pm 

    “I have an issue with Davy because he has moderated and neutered so many of my comments. Juan has the same problem as I do. It is the feeling of being beaten”

    Fake news! By D.D.?

  8. makati1 on Thu, 13th Feb 2020 5:22 pm 

    OH Dear, that’s not good

    “China Has Ground To A Halt: “On The Ground” Indicators Confirm Worst-Case Scenario”

    https://www.zerohedge.com/economics/china-has-ground-halt-ground-indicators-confirm-worst-case-scenario

  9. makati1 on Thu, 13th Feb 2020 5:31 pm 

    Davy, that is not good news for the US who relies on China for EVERYTHING. I hope it takes down the US economy this year. I’ll be fine. Will you?

  10. JaunP on Thu, 13th Feb 2020 5:38 pm 

    Mak, you won’t be fine. The P’s are ver exposes to China. You are in trouble but are in denial.

  11. JuanP on Thu, 13th Feb 2020 6:21 pm 

    China Vows To Put An End To “Lab Leakage Of Pathogenic Samples”
    Seemingly providing more anecdotal evidence that the Covid-19 outbreak was caused by an accidental leak of a bio-engineered virus and not by some freak of nature in Wuhan’s market, China’s Communist Party has issued a serious “Wartime Order” demanding more care and containment be taken with virus handling. Specifically: “Strengthen laboratory management and resolutely put an end to the theft, leakage, and loss of pathogenic bacteria (poisons) and various samples…” As we detailed previously, scientists have expressed concern about China’s ability to safely monitor this BSL-4 lab in Wuhan since it opened in 2017: “an open culture is important to keeping BSL-4 labs safe, and he questions how easy this will be in China, where society emphasizes hierarchy. ‘Diversity of viewpoint, flat structures where everyone feels free to speak up and openness of information are important.’” This lab is at most 20 miles from the wet market where the virus had been assumed to have jumped from animal to human. However the idea that a Chinese lab could have a viral sample escape is well-documented – as mentioned, one lab in Beijing has had four separate incidents of the SARS virus leaking out accidentally. “These narratives of escaped pathogens have common themes,” argued an analysis of biocontainment failures by medical historian Martin Furmanski in the Bulletin of the Atomic Scientists. “There are unrecognized technical flaws in standard biocontainment… The first infection, or index case, happens in a person not working directly with the pathogen that infects him or her, as in the smallpox and SARS escapes. Poor training of personnel and slack oversight of laboratory procedures negate policy efforts by national and international bodies to achieve biosecurity, as shown in the SARS and smallpox escapes.” And given our previous detailing of the possible source of the virus and the sudden militarization of the lab and response in Wuhan, one might wonder if the Chinese are closing the barn door after the deadly viral horse has bolted.

  12. Davy on Thu, 13th Feb 2020 6:32 pm 

    “The Coronavirus. What are we Actually Dealing with?”
    https://tinyurl.com/uhg3fgd NEO

    “An article available on the online Turkish news portal OdaTV states that “the epidemic in China can be interpreted as a biological attack,” stressing that China’s coronavirus outbreak is directly related to America’s geopolitical interests, a country which has long been using indirect strategies in its war with rival China. The piece provides points to support this argument, noting that Washington is trying to reign in China’s growth, prevent the country from implementing its One Belt One Road initiative, and lower Chinese economic output. The United States is using its naval fleet and allies to surround China in the Pacific, preventing China from circumventing the Strait of Malacca, fomenting unrest, blocking China from accessing Eurasia over land through East Turkestan, and using sanctions and trade wars to try and undermine China’s production and economy And although it is currently hard to say for sure whether the virus originated naturally or artificially, whether it was used as a biological weapon as part of the bigger war between China and the US, one thing is clear, which is that the coronavirus epidemic that has broken out in China will have a profound effect on the country, and it will naturally affect Chinese manufacturing, trade, the economy, and Chinese priorities, which the United States will clearly benefit from.”

    “A similar position is taken in the Norwegian news outlet Steigan, suggesting that we reflect on the fact that the United States is now feeling very intimidated by China’s rapid growth, is already waging a trade war against China, and it is not too far-fetched that certain American politicians could have resorted to biological warfare. The publication makes another point to back up the argument that this is a possibility, reminding people the United States is already working on a number of military plans to ensure US world domination. Of particular note is the US plan to hack Russia’s power grid and shut down power plants, which The New York Times wrote about in 2019, and the US are intensifying their cyberattacks. The American strategy which has been implemented since 2012 has entered an offensive phase, with the aggressive introduction of potentially crippling malware, and at a depth hat has never been tried before. Even if you do not believe that the coronavirus was created intentionally, the fact that it would have been possible should be enough to set alarm bells ringing for many.”

    “It is not surprising that a number of media outlets in different countries have begun exploring the link between the outbreak of the new 2019-nCoV virus in the Chinese city of Wuhan and activities sponsored by the CIA and the Pentagon at over a hundred secret and obscure biological laboratories engaged in the manufacturing and testing of biological warfare agents.”

  13. I AM THE MOB on Thu, 13th Feb 2020 6:33 pm 

    World must prepare for biological weapons that target ethnic groups based on genetics, says Cambridge University

    https://www.telegraph.co.uk/science/2019/08/12/world-must-prepare-biological-weapons-target-ethnic-groups-based/

    This is how we win!!!

    Goodbye Asia

  14. makati1 on Thu, 13th Feb 2020 6:53 pm 

    “The Coronavirus. What are we Actually Dealing with?”

    The above post is obviously juanPee. Davy does not reference the nutter site NEO

  15. JuanP on Thu, 13th Feb 2020 6:55 pm 

    sorry Mak, yea it was me

  16. JuanP on Thu, 13th Feb 2020 7:31 pm 

    Coronavirus Update: Virus May Push Germany Into Recession Due To Close Trade Links
    Deutsche Bank expects German GDP to contract in the fourth quarter of 2019 and first quarter of 2020 Germany’s auto industry is very dependent upon China A drop of 1% in China’s GDP due to the virus could reduce German GDP by 0.06% Germany, already reeling from a weakening manufacturing sector, could be pushed into a recession by the fallout from the ongoing coronavirus epidemic. Deutsche Bank warned in a report on Wednesday that Europe’s largest economy will experience a small contraction in the fourth quarter and is unlikely to witness a recovery in 2020. “The coronavirus presents a risk to the global recovery as it dampens hopes for a revival in the Chinese economy,” said Stefan Schneider, an economist at Deutsche Bank. “A technical recession… therefore seems increasingly likely.” Schneider estimated the virus will result in a 0.2 percentage point reduction in Germany’s gross domestic product for the three-month period through March – meaning two straight quarters of contraction, the definition of a recession. Germany’s export-heavy economy is very dependent upon China. Germany’s all-important automotive industry is particularly vulnerable to a Chinese slowdown — about one-third of all German vehicle exports (5.2 million units) went to in China in 2019. In addition, German carmakers have about 30 production facilities in China, while German auto parts suppliers have more than 300 locations in China.

  17. makati1 on Thu, 13th Feb 2020 8:07 pm 

    Obviously, the 6:53PM was NOT me. Sigh!

  18. makati1 on Thu, 13th Feb 2020 8:12 pm 

    MOB, and your genetic group is? I suspect that it will be a lot more wide spread than just ethnics. Some tests have shown that smokers are more able to die from this new one.

    Be patient! Millions of people fly in, around, and out of the US every day. Easy to spread a new virus. Maybe the current one will spread across Amerika, if we wait a few more weeks for it to develop? We shall see.

  19. FuelShortageComing on Thu, 13th Feb 2020 8:46 pm 

    i don’t think human know enough to be able to build a virus that can target only Chinese.

    if this virus target only Chinese, this an act of GOD no humans. james latour explain it
    better

    https://www.youtube.com/watch?v=zU7Lww-sBPg

  20. FuelShortageComing on Thu, 13th Feb 2020 8:48 pm 

    James Tour: The Origin of Life Has Not Been Explained

    https://www.youtube.com/watch?v=r4sP1E1Jd_Y

  21. I AM THE MOB on Fri, 14th Feb 2020 1:10 pm 

    German economy stagnates with no growth in last quarter. German economy only grew 0.6% in 2019

    https://www.theguardian.com/business/live/2020/feb/14/german-economy-stagnates-growth-eurozone-gdp-business-live

    Europe is falling! And China is a basket case!

    This is how we WIN!!!!!!!

  22. Abraham van Helsing on Fri, 14th Feb 2020 1:44 pm 

    “German economy stagnates with no growth in last quarter. German economy only grew 0.6% in 2019”

    Dutch 20:00 news:

    Hardly any goods arrive from China in Rotterdam. Retail running on empty. No more iPhones and iPads. Tough luck for US firms like Apple. Nice opportunity for European companies like Nokia to increase market share.

    Europe already won with planes, cars, trains, renewable energy, agriculture, GPS, IT hardware, fashion, etc., etc.

    https://en.wikipedia.org/wiki/List_of_countries_by_exports

    Export in trillion

    EU………5.6
    China…..2.2
    US………1.6

    Complete European victory!

  23. Davy on Fri, 14th Feb 2020 1:58 pm 

    “EU………5.6”

    doesn’t work that way cloggie. Your EU number includes exports between EU countries. You are such a lying thief. The US is number two and the top economy in the world. This is especially true now that China is under quarantine.

  24. Davy on Fri, 14th Feb 2020 2:07 pm 

    Cloggo, your integrity is reaching new lows. You are down there with the lunatic juanPee.

  25. Davy on Fri, 14th Feb 2020 2:08 pm 

    Oops, sorry cloggie Sir. I see those weren’t your numbers. They came from wikipedia. The most peer reviewed source of information in the hole world.

  26. JuanP on Fri, 14th Feb 2020 2:09 pm 

    Davy, I told you not to hurt my widdle feelins. I am depressive and suicidal so watch out

  27. JuanP on Fri, 14th Feb 2020 2:09 pm 

    Oops, sorry cloggie Sir. I see those weren’t your numbers. They came from wikipedia. The most peer reviewed source of information in the hole world.

  28. Davy on Fri, 14th Feb 2020 2:10 pm 

    Stupid, check how the dumbass added them up then get back to me.

  29. Davy on Fri, 14th Feb 2020 2:11 pm 

    Stupid, go work on your GED refreasher course some more. LMFAO

  30. Davy on Fri, 14th Feb 2020 2:14 pm 

    Oops, sorry y’all. We spelt refresher rong.

  31. Anal reaper on Fri, 14th Feb 2020 2:15 pm 

    Juan, your a faggot and a liar

  32. Cloggie on Fri, 14th Feb 2020 2:18 pm 

    Juan, he is right. I did the number like you would in a deceitful way.

  33. Davy on Fri, 14th Feb 2020 2:18 pm 

    Oops, sorry y’all. We spelt you’re rong.

  34. REAL Green on Fri, 14th Feb 2020 2:25 pm 

    “Stupid, check how the dumbass added them up then get back to me.”

    He didn’t add them up dumbass. They came from wikipedia.

    stupid

  35. Abraham van Helsing on Fri, 14th Feb 2020 2:58 pm 

    Another agricultural record for the Netherlands over 2019:

    https://www.rtlz.nl/business/artikel/4988181/nederlandse-landbouwexport-breekt-record-945-miljard-euro

    “Nederlandse landbouwers verbreken exportrecord: 94,5 miljard euro”

    1. US……….$164B
    2. Netherlands $102B

    It is not likely that the Netherlands will ever overtake the US as the Dutch government wants to reduce the size of the agricultural sector for climate reasons.

  36. Davy on Fri, 14th Feb 2020 3:56 pm 

    “He didn’t add them up dumbass. They came from wikipedia.stupid”

    JuanPee, I guess you are not smart enough to realize the EU numbers include trade between EU members so for the cloggo this means double counting. For you it means getting moderated and neutered. I love spiting in your eye skumbag.

  37. JuanP on Fri, 14th Feb 2020 3:59 pm 

    Oh, Davy I didn’t think that far into it. You won again. Cloggie is a liar and a fraud like you say

  38. Davy on Fri, 14th Feb 2020 4:01 pm 

    1. US……….$164B
    2. Netherlands $102B

    Cloggo, who cares about tulips! Lol. Look at total AG production and get back to me.

  39. Abraham van Helsing on Fri, 14th Feb 2020 4:22 pm 

    Flowers is merely ca. 10% of Dutch agricultural export.

    Why is the US so unproductive and sloppy?

  40. Davy on Fri, 14th Feb 2020 4:25 pm 

    Oops, sorry y’all. We spelt spitting rong.

  41. Abraham van Helsing on Fri, 14th Feb 2020 4:27 pm 

    https://www.theguardian.com/film/2020/feb/14/harvey-weinstein-rape-trial-closing-arguments

    ‘’Master of his universe’: Weinstein saw women as disposable, prosecutor says“

    Exactly like mobster. They are all like that if they get the chance. There is only one Solution for that.

  42. Davy on Fri, 14th Feb 2020 5:59 pm 

    Humper pumper #9 RED ALERT.

    Workin’ stall #(lucky)7.

  43. JuanP on Fri, 14th Feb 2020 7:07 pm 

    Humper pumper #9 RED ALERT.

    Workin’ stall #(lucky)7.

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