Congrats Exxon, Trump to the Rescue

@Prison1203


Something something Biden, something something Obama, something something Hillary, blah blah blah.

@MoveAlong something something Trump

@Prison1203 the point is why are you not complaining now while orange man is in office

@Prison1203
Here are the primary reasons for the spike in gas prices during the Biden presidency:

Russia's Invasion of Ukraine: The invasion in February 2022 and subsequent sanctions on Russia, a major oil producer, significantly disrupted global energy markets and reduced supply.

Post-Pandemic Demand Surge: As the economy reopened, fuel demand increased rapidly, outpacing the ability of oil producers to increase production, which had been sharply curtailed during the 2020 pandemic lockdowns.

Reduced Refining Capacity: The U.S. and global refining capacity dropped during the pandemic. In the U.S., capacity was down by roughly 900,000 barrels per day since 2019, causing a bottleneck in turning crude oil into gasoline.

Limited Production Growth: Despite high prices, U.S. oil companies were slow to increase production, partly due to labor shortages and partly because they were prioritizing shareholder returns.

Policy and Rhetoric: Some critics argued that the Biden administration's policies, such as cancelling the Keystone XL pipeline and pausing new oil and gas leases, contributed to uncertainty and discouraged long-term investment in production.

Global Factors: High natural gas prices in Europe caused fuel switching, increasing the demand for oil and driving up global prices, which in turn affected U.S. prices.

Source: CNBC

@JSul3 plus the selling of americas strategic oil reserves, I guess you forgot that part, he should have used that to bring down the cost of gas, but no he fucked all of us on many different levels

@Prison1203

The Biden administration sold over 40% of the Strategic Petroleum Reserve (SPR) in 2022-2023, reducing it to the lowest levels since the 1980s to combat high fuel prices following Russia's invasion of Ukraine POLITICO Pro.

While aimed at stabilizing energy markets, this move reduced the nation's capacity to respond to future shocks.
(POLITICO Pro.
U.S. Energy Information Administration (EIA) (.gov)
U.S. Energy Information Administration (EIA) (.gov))

Key Details on SPR Sales:

Purpose: The SPR, located in Texas and Louisiana, is intended to lessen the impact of unexpected supply reductions.

Recent Sales: The 2022 release was the largest in history to address rising oil prices Department of Energy (.gov).

Legislative Sales: Beyond emergency releases, Congress ordered sales to generate federal revenue, including 132 million barrels planned between 2017 and 2027.

Replenishment: Rebuilding the reserves to pre-2020 levels (roughly 635 million barrels) could take up to a decade, notes Congressman August Pfluger (.gov).


The SPR is a network of four underground salt caverns in the Gulf Coast region. Totaling 36 sales/releases have occurred since its creation Department of Energy (.gov).
(Department of Energy (.gov))



Did you notice!?
"Congress ordered sales to generate federal revenue, including 132 million barrels planned between 2017 and 2027."

Congress had a hand in the sell off.



Current status:

As of March 2026, the U.S. Strategic Petroleum Reserve (SPR) holds roughly 395–400 million barrels of crude oil, maintaining its lowest levels since the 1980s following massive 2022 drawdowns.
While below 60% capacity (approx. 700 million max), the Department of Energy is in the process of repurchasing oil for replenishment.

Current Status and Usage Examples:

Inventory Level: As of March 7, 2025, inventory was 395.3 million barrels.

Refilling Efforts: The DOE has issued solicitations to purchase crude oil to replenish the stocks after the record 2022 releases (almost 300 million barrels).
Usage Examples: The SPR is designed for emergencies but has been used to stabilize markets following:

2022 Ukraine Conflict: Significant drawdowns to mitigate high energy prices.

Natural Disasters: Historically used during hurricanes (e.g., Katrina 2005) to offset shipping channel closures.

Geopolitical Conflicts: Used during the 1990-91 Iraq-Kuwait crisis and 2011 Arab Spring.
Infrastructure & Distribution: The SPR consists of four underground salt cavern sites in Texas and Louisiana that connect to 24+ refineries.


Now, if the US is purchasing oil in order to replenish the SPR, would it be better to purchase oil at $80 per barrel, or now over $100 due to Trump's stupid war?

You know the answer to that.
Trump has no clue and you're paying for it like the rest of us.

@JSul3 I don’t mind paying more because of what Trump is doing, making the world and America a safer place to live and freeing millions of Iranian people thst were being oppressed, and blacks in America say they are oppressed, they have no clue what it means

@Prison1203 Happy to know you are affluent enough to absorb the rising costs....riding costs of more than just gasoline.

Front The Hill Morning Report today:

Trump has said he expects the price hikes will be short-term effects and the American people will be willing to manage through them amid the conflict. He has also floated the possibility of the U.S. providing Navy escorts for oil tankers passing through the Strait of Hormuz, while the U.S. has offered to provide reinsurance for losses up to $20 billion in the Gulf region to boost confidence in oil and gas.



So Trump is now taking $20 billion dollars of our tax money to cover losses by those nations daring to pass through the Strait of Hormuz.....money that could provide healthcare and housing to Americans.