The extra fun part is that the reserves don't need to be EMPTY for the situation to be apocalyptic. We literally can't use the last bit of petroleum in there because it's too thick and sludgey. Once you also consider the fact that it's going to take a month to get oil across the ocean to the refineries, the time to start panicking is.... Last week
So looking at this graph, we have like... A couple months before it's empty if they keep going, huh? Then the prices skyrocket. Are they hoping to outlast the primaries? Because gas is already climbing again here.
When was that first drop? I'm guessing either at the end of Trump's first admin or during the Afghanistan fiasco (signed by we-all-know-who so that his successor had to deal with it)
"I started a stupid war and invaded our strategic reserve to keep gas prices low-ish to hide how stupid this war is and how bad I fucked up. THANK YOU FOR NOT PAYING ATTENTION TO THIS MATTER!" -DJT
It's especially fun when you remember that his ongoing war didn't just create the problem, it's actively draining our own supply. High performance jet aircraft burn a lot of fuel. And when I say a lot, I mean like a single F-35 attack plane burns several thousand gallons per hour of flight time. Plus the added energy demands from the defense sector trying to replace expended weapons because Dipshit doesn't understand limited ammunition.
That old Native American quote about daylight savings time seems applicable here, too.
"Only a white man would believe you could cut a foot off the top of a blanket, sew it onto the bottom of the blanket, and you'd be left with a longer blanket."
Because they thought they could get all the oil they'd ever want from Venezuela. It's not a coincidence they went in and knocked over the government there first.
And it didn't help how 'easy' it was in Venezuela. Enforced the confidence of those who only know slogans that Iran isn't us, and therefore would be the same
The initial drop was when Joe Biden and Boris Johnson (I think he was UK PM at the time) released reserves into the market to fight inflation. That last drop is probably a pre-election ploy by Trump to help Republicans. Anyway, if they use up all the oil and deploy troops to Iran, they will be weakened when they try to defend the coup coming up. They will surely either tamper with or outright ignore election results. Let's see what happens...
It's not just one ploy. Trump has been dumping the Strategic Petroleum Reserve pretty much continuously since attacking Iran to try and keep the market from going nuts.
That said, this isn't just the SPR. It's ALL oil inventory in the US, including private stocks... which are also depleted because one fifth of the planetary oil supply has been cut off, and we're dipping into reserves to keep the system running and people alive.
According to that chart, it looks like it has stayed pretty constant until this year, so it could be mostly to offset the effects of the Iran fiasco for us domestically. Gas prices seem to go up anyways. The Strait of Hormuz and Russia... and people still want to be reliant on oil? Stupidity!
He's been dumping it on the market to try and hide how bad he screwed up. By the time the bill comes due, someone else will be in office so they can blame them.
I think this time the bill will come due while he's still in office, because he - and his toadies - have no intention of ever leaving the White House. They've built out the surveillance and concentration camp structure, and have made clear by the services they've eliminated that they do not gaf about Americans or anyone else.
months? my (probably paranoid and definitly very pessimistic) ass wakes up every day like "So is this the day trump does the biggest of big fuck ups and ends the world/ kills the economy"
And the country will go along with it. There's nothing a Republican can do that the US won't blame a Democrat for. Remember Roe? Republicans overturned it, Trump bragged about doing it, and the public immediately turned and blamed Dems for "not codifying it" into a law that the Supreme Court would have overturned anyway because that's literally their job. Democrats are the sin eaters of American politics.
Yeh and they need to stop playing that role before it ruins us all. Time for democrats to grow a spine, the ones who are not compromised by PAC money from wealthy private interests and corporations who are treated like people except apparently for when it comes to paying taxes at a rate of almost 30% or being held accountable for crimes like murder.
Gas isn't what you have to worry about most in that case, it's other stuff. The US produces more than enough oil to supply our demand for gas. Even though our refineries are mostly geared for heavy crude instead of our own light crude--long story--we can make gas. What we don't produce nearly enough of is stuff like chemical feedstocks, diesel, and ammonium nitrate. That means anything made using plastic, anything hauled by a truck, and anything grown using fertilizer is in trouble.
OutOfTheHat
that looks like the orange guy's signature.
TacoFox
WINNING!!!1ONE
TheMomaw
The extra fun part is that the reserves don't need to be EMPTY for the situation to be apocalyptic. We literally can't use the last bit of petroleum in there because it's too thick and sludgey. Once you also consider the fact that it's going to take a month to get oil across the ocean to the refineries, the time to start panicking is.... Last week
JustSeinfeldQuotes
I'm willing to pay more for gas at least until November. It probably needs to go up to $5 a gallon right before election day.
vericon151
Just had a gas station jump prices 30-40 cents in 1 day. So much winning.
torokunai
This is fine.
AWarningToOthers
And they are selling it off to other counties and profiting off of it.
ImmaCatImmaSexyCat
That's in June. It's lower now. I hope it keeps crashing.
AdrianDunne
Is that including the Venezuelan oil reserves Trump stole?
BigDaddysMeatWagon
So looking at this graph, we have like... A couple months before it's empty if they keep going, huh? Then the prices skyrocket. Are they hoping to outlast the primaries? Because gas is already climbing again here.
LowKey2000
His signature is getting worse.
urusername2
There go the gas prices!
RAJrios
cousteau
When was that first drop? I'm guessing either at the end of Trump's first admin or during the Afghanistan fiasco (signed by we-all-know-who so that his successor had to deal with it)
Deryago
From the thumbnail I thought it was Trump's signature
cousteau
In a way it is.
WowThatUsernameIsSoOriginal
"it's for emergencies, like war, not to keep the prices low before an election." - trump in 2024 being stupid
PutItInNeutral
"I started a stupid war and invaded our strategic reserve to keep gas prices low-ish to hide how stupid this war is and how bad I fucked up. THANK YOU FOR NOT PAYING ATTENTION TO THIS MATTER!" -DJT
IDontKnowWhatToDoAnymoreAndImTired
It's especially fun when you remember that his ongoing war didn't just create the problem, it's actively draining our own supply. High performance jet aircraft burn a lot of fuel. And when I say a lot, I mean like a single F-35 attack plane burns several thousand gallons per hour of flight time. Plus the added energy demands from the defense sector trying to replace expended weapons because Dipshit doesn't understand limited ammunition.
NightOwlRally
That old Native American quote about daylight savings time seems applicable here, too.
"Only a white man would believe you could cut a foot off the top of a blanket, sew it onto the bottom of the blanket, and you'd be left with a longer blanket."
Cookiesnm1lk
interesting. now i know two native american quotes. thank you sir for the knowledge.
Frencheeseater
Thanks to share their wisdom ! I always appreciate it !
RetrogradeLlama
Remember when Republicans weren’t outraged because Biden did a single release from the reserves?
Pepperidge Farm remembers.
philmoregraves
So how long till capitalist oil rationing
PlankTableGo
They attacked Iran without replenishing the Strategic Oil Reserve first.
Frencheeseater
Because Epstein file were trending the news at the time.
IDontKnowWhatToDoAnymoreAndImTired
Because they thought they could get all the oil they'd ever want from Venezuela. It's not a coincidence they went in and knocked over the government there first.
howimetyourauntrobin2
And it didn't help how 'easy' it was in Venezuela. Enforced the confidence of those who only know slogans that Iran isn't us, and therefore would be the same
IDontKnowWhatToDoAnymoreAndImTired
Yep. If Venezuela hadn't rolled over to the degree they did, I doubt he'd have felt free to tangle with Iran.
MonkeMun
The initial drop was when Joe Biden and Boris Johnson (I think he was UK PM at the time) released reserves into the market to fight inflation. That last drop is probably a pre-election ploy by Trump to help Republicans. Anyway, if they use up all the oil and deploy troops to Iran, they will be weakened when they try to defend the coup coming up. They will surely either tamper with or outright ignore election results. Let's see what happens...
IDontKnowWhatToDoAnymoreAndImTired
It's not just one ploy. Trump has been dumping the Strategic Petroleum Reserve pretty much continuously since attacking Iran to try and keep the market from going nuts.
That said, this isn't just the SPR. It's ALL oil inventory in the US, including private stocks... which are also depleted because one fifth of the planetary oil supply has been cut off, and we're dipping into reserves to keep the system running and people alive.
MonkeMun
According to that chart, it looks like it has stayed pretty constant until this year, so it could be mostly to offset the effects of the Iran fiasco for us domestically. Gas prices seem to go up anyways. The Strait of Hormuz and Russia... and people still want to be reliant on oil? Stupidity!
MoonMoon89
He's been dumping it on the market to try and hide how bad he screwed up. By the time the bill comes due, someone else will be in office so they can blame them.
DaveSamsonite
Actually, this means refineries are very short of inputs to make gas, so prices for gasoline will be rising sharoly as inventory gets tight.
This is a consequence of exhausting the strategic petroleum reserve.
Just like Trump has depleted our strategic weapons reserve
xXxX66SICKXxXx
Probably pocketing the money from selling it or at the very least selling it to the big companies at a huge discount and getting a kickback from them…
rubypilgrim
I think this time the bill will come due while he's still in office, because he - and his toadies - have no intention of ever leaving the White House. They've built out the surveillance and concentration camp structure, and have made clear by the services they've eliminated that they do not gaf about Americans or anyone else.
IDontKnowWhatToDoAnymoreAndImTired
LOL no. Not even close. We're probably only months away from a serious economic crash.
Cookiesnm1lk
months? my (probably paranoid and definitly very pessimistic) ass wakes up every day like "So is this the day trump does the biggest of big fuck ups and ends the world/ kills the economy"
Shadowkrieger
They don’t need to wait. They already been blaming Obama.
icantbelieveistillhavetoprotestthiscrap
And the country will go along with it. There's nothing a Republican can do that the US won't blame a Democrat for. Remember Roe? Republicans overturned it, Trump bragged about doing it, and the public immediately turned and blamed Dems for "not codifying it" into a law that the Supreme Court would have overturned anyway because that's literally their job. Democrats are the sin eaters of American politics.
Me1iss0
Yeh and they need to stop playing that role before it ruins us all. Time for democrats to grow a spine, the ones who are not compromised by PAC money from wealthy private interests and corporations who are treated like people except apparently for when it comes to paying taxes at a rate of almost 30% or being held accountable for crimes like murder.
icantbelieveistillhavetoprotestthiscrap
Way to miss the point.
GwensBackOnHerBS
He's been doing everything he can to deliberately weaken the us.
Winman9000
Gonna suck if someone attacks us or cuts off our supply and we end up with 3 day long lines like Russia
hsalonen3000
Well Russia is not going to attack you, they already own your president.
Frencheeseater
Yeah, and it's not like you have so many friends with oil to spare anymore...
IDontKnowWhatToDoAnymoreAndImTired
Gas isn't what you have to worry about most in that case, it's other stuff. The US produces more than enough oil to supply our demand for gas. Even though our refineries are mostly geared for heavy crude instead of our own light crude--long story--we can make gas. What we don't produce nearly enough of is stuff like chemical feedstocks, diesel, and ammonium nitrate. That means anything made using plastic, anything hauled by a truck, and anything grown using fertilizer is in trouble.