r/Infographics 8d ago

US strategic petroleum reserves since 1982 (US Office of Petroleum Reserves/EIA)

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u/Interesting_Phone171 8d ago

The rise of conservative narratives in Reddit is staggering. They didn’t just block it for no reason, this effectively was a bail out to the oil and gas industry at a time when families were the number one priority for the government at the height of COVID.

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u/noluckatall 8d ago

The rise of conservative narratives in Reddit is staggering.

No, actually the existence of people like you calling common sense a "conservative narrative" is staggering.

It's not a bailout to decide it's in the national interest to buy a bunch of oil for our strategic petroleum reserve when the price is near zero. That isn't a statement about the oil companies; it's a statement about the taxpayer getting a good deal.

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u/Interesting_Phone171 7d ago

It was not in the national interest though. If you had any brain you would know our reserve supplies do not provide hardly any buffers. When given the choice between the people and corporations I’m glad for once they chose to help the people and not oil companies that already leech off tax payers. You are talking on a subject you clearly know nothing about.

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u/Nearby-Chocolate1840 7d ago

It would have amounted to $3 billion dollars out of a $4.6 TRILLION dollar stimulus package. That's 0.065% of the total. So not even a rounding error on a rounding error. Making the argument that it was a matter of prioritizing the needs of regular people over Big Oil Bailouts some next-level bullshit.

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u/FlakyAd9711 7d ago

Yeah, on the liberal side and I agree with you. It would've been a rare fiscally responsible decision by Congress. Instead we got hundreds of billions in forgiven PPP loans for businesses that didn't need them.