Team Biden is clueless - Nov 25
Posted: Fri Nov 25, 2022 2:18 pm
Biden Considers Expanding Heating Oil Stocks.
The Biden Administration is mulling an increase in buying of heating oil going into the Northeast Home Heating Oil Reserve, as the current stock of 1 million barrels of diesel (worth 10 days of supply) is not enough to ease the middle distillate squeeze.
It is laughable to see how far behind the curve Team Biden is on just about every issue.
EIA (a federal agency) has been reporting dangerously low inventories of distillates (diesel and home heating oil) for over six months and Team Biden just noticed.
The Biden Administration is mulling an increase in buying of heating oil going into the Northeast Home Heating Oil Reserve, as the current stock of 1 million barrels of diesel (worth 10 days of supply) is not enough to ease the middle distillate squeeze.
It is laughable to see how far behind the curve Team Biden is on just about every issue.
EIA (a federal agency) has been reporting dangerously low inventories of distillates (diesel and home heating oil) for over six months and Team Biden just noticed.