Posted On: Saturday - October 21st 2023 7:00AM MST
In Topics:   Trump  Economics  US Feral Government  Zhou Bai Dien
In yesterday's post, The Strategic Petroleum Reserve and the Bai Dien Drawdown, I noted that the question of filling or draining the SPR is completely the President's call. That is, via the Secretary of Energy, who works for him.
I found the chart below in a Forbes article, written by one Robert Rapier, a Chemical Engineer (so I kinda trust him). Mr. Rapier asks and answers Which Presidents Filled And Depleted The Strategic Petroleum Reserve?.
First off, this is kind of interesting, as these numbers are a function of the mindset of the President and the times. Note that Reagan was, well, not a prepper, but a prudent guy when it came to this. However,
OK, so look at President Trump's net drain over 4 years of 57 MMbbl - that's from the precise numbers on the tables linked to yesterday. That's not so bad, and I'll put that in the analysis of this to come.
However, per the Forbes article, here's what Donald Trump said sometime in '22 after Bai Dien started going gangbusters draining the reserves:
“So, after 50 years of being virtually empty, I built up our oil reserves during my administration, and low energy prices, to 100% full. It’s called the Strategic National Reserves, and it hasn’t been full for many decades. In fact, it’s been mostly empty.”Every single part of that is wrong. It's not been virtually or actually empty since President Carter started filling it in '77. Trump didn't build up oil reserves. I looked at the numbers in the table, and they show just a very slow drain, eventually adding up to -57 MMbbls in the SPR. It was NOT 100% full per the 714 MMBbs written in the D.O.E. SPR site, even when he took office, not unless some capacity of those salt caverns was lost. It's not called the Strategic National Reserves - it's the Strategic Petroleum Reserve - small error there, I'll admit. Yes, it was full, the last time in Summer of '11, less than 6 years before Trump took office. It's not been mostly empty ever, even after Bai Dien's big drain of it (so far), as right at 1/2 capacity is not "mostly empty".
OK, as per the explanation by Elwood to Jake in the old Blues Brothers movie, bullshitting is not exactly lying. Often Donald Trump really means what he says, but without having an idea that he can follow through. Sometimes I think he knows he can't follow through. I call that "bullshit" vs "lying", as it's not purposeful factual misinformation. Telling us that men can become women when one knows perfectly well better - that's lying.
What about this statement by Donald Trump on the SPR? He's not a numbers guy. He may have no idea how much is in the SPR and how much he approved to be drained from it. He can't keep up with everything. However, then he should shut his big mouth about it, as, without numbers to show "Bai Dien drained 5 x as much as I did!" (5.1 X as of this July, is what I just came up with) he's just spouting pure lies, a lot of them... OK bullshit, but it's getting awfully close!
Disclaimer: Peak Stupidity WILL point out the faults of Donald Trump. This was an egregious example today of his BS that was right up there near flat-out purposeful lying. However, I DO KNOW that, as much as voting alone won't cut it to fix this country, if Trump is the '24 GOP candidate, I will of course be voting for him for the reason explained here.