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FriedButter

FriedButter

Brigadier
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Biden May Buy Oil Just Below $80; Democrats Stymied Trump at $24​

Trump proposed filling strategic reserve at rock-bottom prices Democrats had crowed about blocking an oil industry bailout​

The Biden administration is considering replenishing the Strategic Petroleum Reserve when oil dips below $80 a barrel, just two years after Democrats blocked former President Donald Trump from filling the reserve at a fraction of that price.

Biden in March ordered the release of a record 180 million barrels of oil from the reserve in an attempt to stem supply shortages and the rapid rise of gasoline prices in the US following Russia’s invasion of Ukraine. The administration now is looking to protect US oil-production growth and prevent crude prices from plummeting, according to people familiar with the matter.
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Looks like the floor is $80 lmao. Maybe this is the one of the reasons why they want a price cap on Russia. To refill the strategic reserves at a discount.
 
ironborn

ironborn

Junior Member
Registered Member
For the better part of a decade, a US hedge-fund manager who has never even set foot in China has been patiently betting that the yuan will stage a massive collapse, one so deep that its value could be cut in half.
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Since 2014, Crescat Capital’s Kevin Smith has been plowing as much as 10% of his $136 million macro fund into options betting against the currency. Sometimes it lost money. Sometimes it paid off, even though the major devaluation he was looking for never happened.
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Well, lots of dumb cunts believe the Earth is flat in that country too, it doesn't mean it's True or it's gonna happen.
 
ZeEa5KPul

ZeEa5KPul

Colonel
Registered Member
Kaeshmiri said:
This may sound controversial to Non Indians but Tucker is partially right here. British did attempt to civilize the Indian society

1. They banned Sati ( in which a widow sacrifices herself by sitting atop her deceased husband's funeral pyre.)
2. They allowed for Widow remarriage.
3. They introduced labour reforms.
4. They encouraged women education.
5. Codified concepts like rule of law, equality etc
6. Opened schools and colleges where for the first time untouchables and lower castes could study (for thousands of years this community was robbed of their basic dignity ).
7. Banned Female Infanticide
8. Outlawed Thugee and dacoity.

Now don't get me wrong, Britians primary aim was loot and plunder but nobody can deny that they did introduce civility amongst Indians. Also Indians should be thankful to British as the latter was responsible for the political and administrative unity of the nation. Without them the Indian subcontinent today would've been like 20 different countries.
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The English came to steal (naturally), but even they were so disgusted by what they encountered that they felt compelled to change it.
 
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