Topic: Strategic Petroleum Reserve

7 chapters across the catalog

Deport Greta
Episode 1496 2:03:38 - 2:07:34

1496: Deport Greta

Drone Vaporware, Strategic Petroleum Reserve Release

The market is flooded with "vaporware" claims regarding one-person electric drones that suffer from severe battery limitations. Simultaneously, President Biden authorized the release of 15 million additional barrels from the Strategic Petroleum Reserve to lower gas prices before the midterms. Critics point out this amount represents less than one day of US oil consumption.

Trusted Flaggers
Episode 1445 49:08 - 54:24

1445: Trusted Flaggers

Strategic Petroleum Reserve, Oil Exports to Europe

Bloomberg reports that crude oil released from the U.S. Strategic Petroleum Reserve is being shipped to the port of Rotterdam in Europe by a French energy company. This move is questioned given the administration's stated goal of lowering domestic gasoline prices through these reserve releases.

Trips of Clump
Episode 1438 1:20:18 - 1:22:40

1438: Trips of Clump

Strategic Petroleum Reserve, Austin Airport Fuel Shortage

President Biden announced the release of 1 million barrels of oil per day from the Strategic Petroleum Reserve to combat rising gas prices. Simultaneously, Austin-Bergstrom International Airport warned of a critical jet fuel shortage, asking incoming flights to carry enough fuel for their return trips due to supply chain disruptions.

Dry Holes
Episode 1432 1:18:26 - 1:24:53

1432: Dry Holes

Global Energy Gambit, Russian Oil Ban Impacts

The U.S. ban on Russian oil imports is framed as a "lever" to force a global transition to green energy by making fossil fuels prohibitively expensive. Models suggest that oil prices exceeding $225 a barrel could lead to unpredictable economic events and government intervention. The Biden administration's pivot to negotiating with previously shunned regimes in Venezuela and Iran to replace Russian supply is noted as a significant policy shift.

Sour Crude
Episode 1402 27:00 - 32:39

1402: Sour Crude

Strategic Petroleum Reserve, Joe Biden, Oil Market Reactions

President Joe Biden announced the largest-ever release of oil from the U.S. Strategic Petroleum Reserve in coordination with India, Japan, and the UK. Despite the announcement intended to lower gas prices, Brent and WTI crude prices rose in market trading. Experts suggest the move is political rather than technical, noting the reserve is intended for emergencies like war or natural disasters.

Gender Justice
Episode 1398 58:54 - 1:01:30

1398: Gender Justice

Strategic Petroleum Reserve, Green Energy Transition

The Biden administration is considering tapping the Strategic Petroleum Reserve as national gas prices rise. The hosts argue that the administration is intentionally making fossil fuels unattractive to force a transition to "renewables." They note a shift in France toward building new nuclear reactors to meet climate goals, contrasting it with Germany's decision to close its remaining nuclear plants.