The threats from China put more of a potential need on the reserve.

Ukraine and Russia conflict is also still a tinderbox that could expand if say a nuclear power plant is compromised.

We enjoyed 4 years of the most stable world politics in my lifetime under Trump.

Trump Doctrine…foreign policy by trade and economy…not military posturing.

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War. .

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Everyone knows the recession is set to hit hard in 2023.

Everyone knows the (D)umbasses are getting spanked this year.

They are buying the stupid people off before then, and when things spiral further out of control, they will convince those same stupid people that it’s the Republicans’ fault.

:wink:

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It’s intended for national disasters (man made or natural) and to be used during a war.

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I would add extreme natural disasters or acts of terrorism on the scale of Katrina or 9/11 to that list.

So we natural disasters and war. General opinion seems to be not for domestic economic purposes.

Broadly speaking I think I agree but I suppose the use has to remain flexible.

I am Still undecided if Biden made a mistake on releasing this.

So, doing a little forward thinking…

How much of the reserves will it take to fight, say a 2 year war?

Would we even have had to tap into the reserves if permits weren’t so full of red tape and made almost impossible to get given the current administration’s war on oil?

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I would say it’s a bad decision anytime a president decides to tap the Strategic Reserve. He isn’t the first and he won’t be the last.

I understand why presidents do it, but it was never intended to be an economic or political tool. It was intended to be used in worst sort of crisis. War being the primary and natural disasters being the secondary.

Hopefully, we will learn from Europe that current Green policy is not only stupid but dangerous. They are under the thumb of Putin and are having an energy crisis. If it’s a cold winter people will die, and the fake news will ignore it …

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Certainly, by that measure Russia has played Europe like a violin with energy policy.

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I don’t think there’s enough in the SOR to have that kind of actual impact.

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I would add supply shortage where lines are forming like the 1970’s.

Otherwise keep it in reserve.

You bet they did.

So what’s the deal here: are we going to be dealing with years of inflation and insanely high gas prices, or is the economy going to crash hard? The two aren’t really compatible.

Yes.

Thanks Biden. :slightly_smiling_face:

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Never heard of stagflation?

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Worst case would be a recession that brings on a deflationary spiral.

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War…

Both. Inflation and economic misery. Double whammy from democrat policies.

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Well, well…

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