1- The Biden Administration has the right to refill the SPR as it sees fit… but to flip the story and say we sold the oil at $96 and now we are buying it in the low $70s, therefore we are making money for the taxpayer is the worst story they can tell about the SPR.

2- from an accounting point of view, adjusted for inflation, the SPR oil that was sold at $96 in today’s dollars was sold at a very large loss. Some of the oil was sold at 40 cents on the dollar.

3- The most important stories of the SPR are: A. it prevented oil prices from going above $140/b B. then it lowered prices significantly worldwide, not only in the US. Now count the economic growth benefits from that C. It curbed Putin’s influence significantly

4- The benefits to the world could be in trillions of dollars once we look at the multiplier effect. Who cares about a gain of about $80 million?

Anas Alhajji

@anasalhajji

Keynote Speaker & Woodworker Everything Energy Daily Energy Report: https://t.co/upw1loHeK3 Weekly: https://t.co/LfUHIpXsWu https://t.co/oCC6irfqv5

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Anas Alhajji@anasalhajji

1- The Biden Administration has the right to refill the SPR as it sees fit… but to flip the story and say we sold the oil at $96 and now we are buying it in the low $70s, therefore we are making money for the taxpayer is the worst story they can tell about the SPR.

Anas Alhajji

Anas Alhajji
@anasalhajji