GOP Rep Sends Awful Warning to Americans - America Insider
By: David Rufful (America Insider)
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S E E D E D C O N T E N T
By
David Rufful
Republican Rep. Kelly Armstrong has warned that Americans will see energy prices increase due to the conflict in the Middle East.
The Strategic Petroleum Reserve has been depleted to low levels by the Biden administration.
Armstrong said, "[W]e absolutely should put sanctions on Iran, and we should be doing everything we can to help the only democracy in the Middle East and our closest ally, but it's going to come at a cost." (Trending: Famous Actor Attacks Trump Supporters)
Instead of hosting a backyard BBQ and calling a lid at noon today, the Biden administration needs to show U.S. leadership to the world. pic.twitter.com/E31cODElyL
— Congressman Kelly Armstrong (@RepArmstrongND) October 9, 2023
Armstrong called for sanctions on Iran and support for Israel, but noted that this would come at a cost.
The depletion of the reserve means that there is only 17 days worth of supply, which is about half the average amount.
"Natural gas prices in Europe were up…oil's up…at a time when energy is already driving most of the inflation that Americans are feeling. And now we have an absolute conflict in the Middle East after the terrorist attack by Hamas on Israel," he continued. (Trending: Disturbing Flag Found Near Massacre in Israel)
Armstrong believes that this is the worst possible time to have a low reserve and blames the Biden administration for the situation.
"So, we're — And to top it all off, we have 17 days worth of supply in the strategic oil reserve, because the Biden administration has drawn it down for political reasons."
Host Elizabeth MacDonald asked, "So, is there any worse time to have [a] historically low and depleted Strategic Reserve right now?"
Armstrong answered, "No, absolutely not. … I don't know what oil we'd use to fill it."
"They stopped drilling in North Dakota on federal leases. We've had all of the different problems that have existed under this administration."
"But, at a time when our closest ally in the Middle East really needs our help, Americans are going to see a shock to their energy prices, and you can take it all back to the Biden administration."
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Oh boy!!! Higher gas and oil prices as we head into cold season.
It's already $7.00/gallon in some areas of CA, and it's only mid-October.
They couldn't care less. They want everyone in an electric sooner or later. Green and all you know..................
That it is my friend...................
Do you think they realize there are actually average Californians?
Wasn't it thus back in the 1970s?
I will just save some posters time
A. It’s Trumps fault.
B. It’s Russias fault.
C. it’s Israel’s fault.
D. Anybody but Biden’s fault.
E. All of the above.
I don't remember if I mentioned what I do for a living, so forgive me for repeating myself-- I'm a trader/investor in the stock market. I don't "specialize" in trading oil but I do own some and I do follow them, And is the case with many stocks, etc one mistake beginners make is letting their political biases interfere with a cold rational analysis of the facts.
Of course there are many specific things that determine the price of oil-- and they can change unexpectedly.
These are some general things that apply:
1. Seasonality. All things being equal, prices go up in the winter (Increased need for heating) and summer (more driving)
2. War-- or the threat of was. (Transportation might get cut off or seriously limited. (Ironically, much of the world's oil must pass through the Straits of Hormuz-- which is a volitile area politically):
A lot of it is supply and demand:
So we're approaching heating season-- tends to increase price of oil.
War in Middle east-- 1. greatly increases possible cost increases (oil supplies may be interrupted). 2. Warplanes tanks, etcetc consume more oil.
Inflation-- one of the biggest factors increasing price of commodities-- including oil -worldwide
Economy 's been improving-- so people spend more, including travel.
Also buy more products made of plastics.
More commerce in general-- and that stuff needs to be transported.
During times of sanctions on Iran naturally the price goes up (lifting sanctions decreases price).
Bitcoin (although I'm not too familiar with that)
Forgot to mention-- War in Ukraine!
Well, of course, the American people will suffer. Didn't Kelly Armstrong get the memo? Armstrong pointing out that Biden's policies were never ever intended to benefit American consumers is not news. Libertarian supply-side, free trade policy was never ever intended to benefit American consumers. For the last 40 years Congress has been innovating ways to skim, scam, swindle, bamboozle, and flimflam American consumers. Glass-Steagall was even repealed to facilitate the grift.
Kelly Armstrong is a lawyer that works for government. Are we supposed to believe Armstrong gives a shit about anything other than his stock portfolio? Armstrong's real purpose is just as obvious as the warning. How is Armstrong going to profit from the politics?
Only 40?
I'm pretty sure its a heck of a lot longer than that!
Excellent point! Biden's policies were deliberately designed to hurt the consumer! Why? So they'd get pissed off at him and not re-elect him!
Makes perfect sense...
Excellent point!
Fact: everyone who is a lawyer and works for the government always cares about nothing but his stock portfolio!!!
Can't dispute that-- every single one of them. And not one other possible aspect of life interests any of them! Nope-- as you correctly stated-- "nothing but the stocks"!
(heck, they should be more considerate-- why can't they invest at least part of their money in something other than stocks? Maaybe farmland? Art? Antiqu cars? Heck-- even bitcoin for the adventurous. But no-- you are correct-- every single one of them cares about nothing but stocks!
Ungrateful bastards...everyone last one of them!
(No wonder the price of oil is so high under Biden/ Oh yeah-- eggs! Waddaboud the high price of eggs under Biden!-- that alone is a horror story!
We were a net exporter of energy before Biden got elected, now we're dependent on the oil cartels again.
Just one more negative legacy of the many that Biden owns.
Bidenomics.
Socialomics!
Socialism!