The Economy

70,431 Views | 1131 Replies | Last: 21 sec ago by concordtom
oski003
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DiabloWags said:

oski003 said:

DiabloWags said:

Wrong again.
He hasnt been filling the SPR back up in 2025.

Took a whole 16 minutes to reply to me on a Saturday morning.

Beep!
Beep!





Lol. The truth alludes you, repeatedly.


Your reading comprehension and knowledge base continues to be terribly poor, repeatedly.
You should stick to things that you know about . . . like the Denny's $5.99 Value Slam.





US Senate budget bill slashes money to fill oil reserve | Reuters



Logic alludes you too. I guess you unintentionally lie when you can't accept basic facts presented to you. I am guessing this is a psychological response to maintain the ego. It is sad.
DiabloWags
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movielover said:


But... what kind of horse do you drive? s/


So much for Trump's pledge on Day One in office to fill the SPR right back to the top.
His own budget never allocated funds for such activity.

Does it ever bother you how much the Orange Man lies?

Of course not.


"Cults don't end well. They really don't."
DiabloWags
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oski003 said:


Logic alludes you too. I guess you unintentionally lie when you can't accept basic facts presented to you. I am guessing this is a psychological response to maintain the ego. It is sad.


What's sad is how gullible you are and how you never substantiate any of your baseless claims.
I've noticed that this appears to be a strong pattern with most Trump supporters.

They can't accept the truth.

Like how there has been no directive by the Trump Administration to fill the SPR back up until Oct. 25th of this year. That directive will mean that the DoE will start purchasing a measly $171 million worth of crude to fill the SPR starting in December thru January.

Of course, since your post was a "desert" when it came to material facts and working knowledge of the SPR, you never mentioned this. Perhaps if you actually did some "homework" your posts would be much more relevant to the topic and filled with FACTUAL INFORMATION instead of the highly "vague" claims that you repeatedly make.

And of course, the "refilling" certainly didn't happen starting on Day One of Trump's presidency as he had pledged.
If we're lucky, it might actually start in DECEMBER with a budget for only about 3 million barrels. lol

You're welcome for the tutorial.
I'm glad to have helped you increase your knowledge base.

Maybe you can blame SENATE REPUBLICANS for only budgeting $171 million?

US Senate budget bill slashes money to fill oil reserve | Reuters

US seeks 1 million barrels of oil for Strategic Petroleum Reserve | Reuters

"Cults don't end well. They really don't."
oski003
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DiabloWags said:

oski003 said:


Logic alludes you too. I guess you unintentionally lie when you can't accept basic facts presented to you. I am guessing this is a psychological response to maintain the ego. It is sad.


What's sad is how gullible you are and how you never substantiate any of your baseless claims.
I've noticed that this appears to be a strong pattern with most Trump supporters.

They can't accept the truth.
Like how there has been no directive by the Trump Administration to fill the SPR back up until Oct. 25th of this year.

And of course, it certainly didn't happen starting on Day One of Trump's presidency as he had pledged.
Just more lies.


I said:

"Trump isn't drawing the reserves down. He is just only slowly filling back up Biden's drawdown. Yes, I understand the WSJ, which apparently only you can afford, told you that Trump should be filling it up ASAP. It currently holds 409 million barrels, up from 394 million at end of 2024."

You replied:

"Wrong again.
He hasnt been filling the SPR back up in 2025...

Your reading comprehension and knowledge base continues to be terribly poor, repeatedly."


*****

The above conversation was a result of you wanting "Trumpanzees" to be "Peeping" about Trump not filling up the strategic reserves because they criticized Biden for selling off the reserves from around $700 million barrels to around 200 million barrels ( he later bought back to high 300s).

A completely logical, factual response would be to note that Trump hasn't sold any oil and the oil reserves have actually increased to more than 400 million barrels in 2025.

Of course, you can't admit when you are wrong in your inflammatory remarks to those you hate so you continue with more pompous, inflammatory remarks. It is sad and unfortunate.









DiabloWags
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oski003 said:

A completely logical, factual response would be to note that Trump hasn't sold any oil and the oil reserves have actually increased to more than 400 million barrels in 2025.


Are you claiming that Trump was responsible for the SPR inching up to nearly 410 million barrels in 2025?

White House: No Imminent Plans for Refilling Strategic Petroleum Reserves - Newsweek

Karoline Leavitt, White House Press Secretary
June 26th, 2025



"Cults don't end well. They really don't."
oski003
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DiabloWags said:

oski003 said:

A completely logical, factual response would be to note that Trump hasn't sold any oil and the oil reserves have actually increased to more than 400 million barrels in 2025.


Are you claiming that Trump was responsible for the SPR inching up to nearly 410 million barrels in 2025?

White House: No Imminent Plans for Refilling Strategic Petroleum Reserves - Newsweek

Karoline Leavitt, White House Press Secretary

June 26th, 2025



Certainly, many contracts were signed earlier, but...

As of November 2025, the Trump administration has started the process by issuing solicitations for new contracts, but it is too early for major contracts to have been signed and executed for significant replenishment.

Recent Actions
: On October 21, 2025, the Department of Energy (DOE), under the Trump administration, announced a solicitation to purchase one million barrels of oil for delivery to the Bryan Mound site, with deliveries scheduled for December 2025 and January 2026. This follows the passage of the Working Families Tax Cut, which appropriated $171 million for this purpose.

Infrastructure Issues: The SPR facilities require significant repairs due to aging infrastructure and wear and tear from recent drawdowns, which could cost hundreds of millions of dollars and pose a physical limit on how quickly oil can be added back into the reserve.

In summary, while the current Trump administration has begun the formal process of seeking bids for replenishment, major contracts have not yet been publicly announced or signed beyond the initial solicitations.
DiabloWags
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oski003 said:

DiabloWags said:

oski003 said:

A completely logical, factual response would be to note that Trump hasn't sold any oil and the oil reserves have actually increased to more than 400 million barrels in 2025.


Are you claiming that Trump was responsible for the SPR inching up to nearly 410 million barrels in 2025?

White House: No Imminent Plans for Refilling Strategic Petroleum Reserves - Newsweek

Karoline Leavitt, White House Press Secretary

June 26th, 2025



Certainly, many contracts were signed earlier, but...

As of November 2025, the Trump administration has started the process by issuing solicitations for new contracts, but it is too early for major contracts to have been signed and executed for significant replenishment.



Of course, I already posted that an hour ago.

Trump's own budget slashed the amount of funding to refill the SPR.
So we won't see the SPR getting refilled "back to the top" as he had pledged, anytime soon.

The funding just isn't there to do so.
End of story.





"Cults don't end well. They really don't."
Cal88
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DiabloWags said:

Cal88 said:

003 is right on this one :




You're on the wrong horse my friend.

The budget bill passed by the U.S. Senate on Tuesday slashes the amount of money available to replenish the Strategic Petroleum Reserve even though President Donald Trump vowed on his first day in his second term to fill it "right to the top".

Only $171 million was in Trump's budget to refill the SPR.
The funding was from the Working Families Tax Cut.

That comes to a measly 3 million barrels at current prices.
Not even a drop in the bucket.


You're right about Trump overpromising there if that what he said, but the SPR is up 6% for last year, and it looks like there is a long term strategy in place.
DiabloWags
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Cal88 said:

DiabloWags said:

Cal88 said:

003 is right on this one :




You're on the wrong horse my friend.

The budget bill passed by the U.S. Senate on Tuesday slashes the amount of money available to replenish the Strategic Petroleum Reserve even though President Donald Trump vowed on his first day in his second term to fill it "right to the top".

Only $171 million was in Trump's budget to refill the SPR.
The funding was from the Working Families Tax Cut.

That comes to a measly 3 million barrels at current prices.
Not even a drop in the bucket.


You're right about Trump overpromising there if that what he said, but the SPR is up 6% for last year, and it looks like there is a long term strategy in place.


What long term strategy would that be?

There's no funding from Congress and Trump slashed the Houses $1,5 Billion funding request to a mesly $171 million.

No funding = no replenishment

"Cults don't end well. They really don't."
concordtom
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DiabloWags said:

concordtom said:



I will need to examine this poll



Im surprised that youre not famiar with this sentiment index, given your experience as a mutual fund manager with $20 Billion AUM.



As I tell you every time, it was Index money.
Passive.
No bets, no matter what happened on the trading day.

You know, even if it was active, so many different things investment houses are looking at.

Glad you remember my job, though.

You know, the accomplishments were improving commissions and execution efficiency for illiquid names, particularly surrounding index adds/deletes, when there is a bogey closing price to match or beat. And I did!
concordtom
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DiabloWags said:



Took a whole 16 minutes to reply to me on a Saturday morning.



And 14 for you to reply back!

It's so funny when you do that.
Do you realize pot/kettle/black/hypocrisy/irony/hilarity?
concordtom
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DiabloWags said:

For the kids sitting waaaaaaaay in the baaaaack!

PS. It would cost $22 Billion to refill the SPR.

Due to Trump's budget cuts, there isnt any opportunity to fill the oil reserve at these low prices in any material way. The funds dont exist.

https://www.bloomberg.com/news/articles/2025-10-21/us-to-buy-1-million-barrels-for-strategic-petroleum-reserve?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc2MjYyNDYzNiwiZXhwIjoxNzYzMjI5NDM2LCJhcnRpY2xlSWQiOiJUNEhPMkpHUDlWQ1cwMCIsImJjb25uZWN0SWQiOiI0QTE0NjgyRTVEQjI0RDgyOEVGOTIxMzA1M0U4NzhDMiJ9.y15-WpOh6pTdrOoisQFF2dhB1PG6nOxWjk-ueb0Al1M





Well, he could ask for that equivalent amount back from Argentina, right???
 
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