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My understanding is that prices have been kept low by drawing down our strategic oil reserves. We're also somewhat insulated by domestic production, although a
by pickleglitch 4mo ago
My understanding is that prices have been kept low by drawing down our strategic oil reserves. We're also somewhat insulated by domestic production, although a lot of that is sold overseas.
- bediger4000 4mo agoWell, yes, that's what the article says. But why didn't companies do that for Biden, for example? Instant price rises for him, drawdowns of reserves for Trump.
- pickleglitch 4mo agoCompanies don't control the release of strategic oil reserves. The President does that, and Biden actually did do it during the early days of the Russian invasion of Ukraine. At the time, Republicans criticized him for doing it, but if he hadn't gas prices would have gone even higher than they did. The big difference is that Bidden didn't create that crisis. The current mess is 100% Trump's doing.