The strategic oil reserve is NOT for selling off to other countries!!!
What I am saying is do like OPEC does when it slows production and raises the price of oil for the world. We should slow our sales of oil and stockpile it and use it here. Do you think Saudi Arabia has oil shortages when it slows production? Do you think they are losing money? Hell no. We produce more than anyone else. They want to cripple us by slowing production, let's return the favor and stop being a country led by pussies and the clits that voted for them. M.A.G.A.!!!
Oh, really? Is this per the "Rule of Thxone"? Because the Federal Government seems to understand how it works a little differently from you:
"The Strategic Petroleum Reserve (SPR), the world's largest supply of emergency crude oil was established primarily to reduce the impact of disruptions in supplies of petroleum products and to
carry out obligations of the United States under the international energy program."
"According to the 1975
Sinai Interim Agreement signed by the United States and
Israel, as a precondition for Israel's return of the
Sinai Peninsula and its associated oil reserves to
Egypt, in an emergency the
United States was obligated to make oil available for sale to Israel for up to five years. Israel has never invoked the agreement[
citation needed], however. The agreement was extended in 1979, 1994, 2004, and, most recently, in 2015 for a ten-year period."
International obligations
"As a member of the
International Energy Agency (IEA), the United States must stock an amount of petroleum equivalent to at least 90 days of U.S. imports. The SPR contained an equivalent to 141 days of imports as of September 2016. The United States is also obligated to contribute 43.9% of petroleum in any IEA-coordinated release."
We only produce ~1.4% more oil than the next highest producer. And we only produce 14.5%. That does not give us the ability to cripple the world markets unless you think oil is not a private industry in our country and the gov't should be able to just force the industry to stop selling internationally. Cuz THAT would surely bring the price down...
This is an archive of https://www.gao.gov/assets/gao-21-118.pdf from Thursday 14, July 2022
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