Release the Fraking!
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https://www.reuters.com/article/global-oil-reserves-schumer-idUSL1N2SE0YD
U.S. Senate Majority Leader Chuck Schumer welcomed the U.S. release of oil from strategic reserves as a “temporary relief” for high gas prices, but he called for a long-term solution to eliminate dependence on fossil fuels and create a “robust green energy economy.”
Somewhere I read that current reserves are about 550 million barrels. This plan will release 180 million barrels. We burn through about 20 million barrels a day.
Funny, we could have filled up when it was cheaper.
Senate Democrats say they were able to eliminate a “bailout for Big Oil” to help secure a bipartisan agreement on a $2 trillion coronavirus economic relief package Wednesday.
Democratic leader Chuck Schumer released a summary of the agreement that says it no longer contains $3 billion to fulfill President Trump’s order to buy low-priced oil to restock the nation’s emergency Strategic Petroleum Reserve.
Earlier versions of the relief bill proposed by Republicans contained the funding, an amount requested by the Energy Department, which was intended to help the oil industry, which has been reeling from low prices.
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Bastards.
Republicans are bad, but Dems don't give a tinker's damn about the country.
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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Yeah we absolutely should have topped it off in 2020. Especially after Trump had released 10% of total reserves for non-strategic reasons even before Covid hit.
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@Jolly said in Release the Reserves!:
Bastards.
Republicans are bad, but Dems don't give a tinker's damn about the country.
This kind of ties into the forum thread we had a couple of weeks ago.
What example happening do you think would be a good reason to release oil?
(I get the impression that the current situation does not qualify)
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I'm very conservative with the Strategic Reserve. It should only be released in times of dire need.
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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I'm very conservative with the Strategic Reserve. It should only be released in times of dire need.
@Jolly said in Release the Reserves!:
I'm very conservative with the Strategic Reserve. It should only be released in times of dire need.
I dont think we should have it. i am not sure that it does any good.
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@Jolly said in Release the Reserves!:
I'm very conservative with the Strategic Reserve. It should only be released in times of dire need.
I dont think we should have it. i am not sure that it does any good.
@taiwan_girl said in Release the Reserves!:
@Jolly said in Release the Reserves!:
I'm very conservative with the Strategic Reserve. It should only be released in times of dire need.
I dont think we should have it. i am not sure that it does any good.
More psychological than actual.
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We used to have a strategic helium reserve, too, from the time our forebears thought we may have to fight wars with blimps. It gave us cheap helium filled balloons for decades.
@Axtremus said in Release the Fraking!:
We used to have a strategic helium reserve, too, from the time our forebears thought we may have to fight wars with blimps. It gave us cheap helium filled balloons for decades.
It still exists:
https://en.wikipedia.org/wiki/National_Helium_Reserve
Other, more relevant use...
The National Helium Reserve, also known as the Federal Helium Reserve, is a strategic reserve of the United States holding over 1 billion cubic meters (109 m3) of helium gas. The helium is stored at the Cliffside Storage Facility about 12 miles (19 km) northwest of Amarillo, Texas, in a natural geologic gas storage formation, the Bush Dome[1] reservoir. The reserve was established with the enactment of the Helium Act of 1925. The strategic supply provisioned the noble gas for airships, and in the 1950s became an important source of coolant during the Cold War and Space Race.
By 2007, the federal government was reported as auctioning off the Amarillo Helium Plant. The National Helium Reserve itself was reported as "slowly being drawn down and sold to private industry."[7] By early 2011, the facility was still in government hands. In May 2013, the House of Representatives voted to extend the life of the reserve under government control
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@Axtremus said in Release the Fraking!:
We used to have a strategic helium reserve, too, from the time our forebears thought we may have to fight wars with blimps. It gave us cheap helium filled balloons for decades.
It still exists:
https://en.wikipedia.org/wiki/National_Helium_Reserve
Other, more relevant use...
The National Helium Reserve, also known as the Federal Helium Reserve, is a strategic reserve of the United States holding over 1 billion cubic meters (109 m3) of helium gas. The helium is stored at the Cliffside Storage Facility about 12 miles (19 km) northwest of Amarillo, Texas, in a natural geologic gas storage formation, the Bush Dome[1] reservoir. The reserve was established with the enactment of the Helium Act of 1925. The strategic supply provisioned the noble gas for airships, and in the 1950s became an important source of coolant during the Cold War and Space Race.
By 2007, the federal government was reported as auctioning off the Amarillo Helium Plant. The National Helium Reserve itself was reported as "slowly being drawn down and sold to private industry."[7] By early 2011, the facility was still in government hands. In May 2013, the House of Representatives voted to extend the life of the reserve under government control
@George-K Wasnt there a helium shortage a couple of years ago?
