Dark Brandon’s Policies IV

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Bodhisattva

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Aug 22, 2001
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It's amazing (not really) how careless public comments by our political leaders cause so much downstream problems.

 
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CrimsonJazz

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It's amazing (not really) how careless public comments by our political leaders causes so much downstream problems.

This is going to sound like some crazy conspiracy theory, but it's almost like this guy has something we want. I'm sure I'm just overthinking this, though.
 
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twofbyc

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mdb-tpet

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Same sex couples still shouldn't have to travel to distant states. Interracial shouldn't either, for that matter...
I've been waiting to see if the marriage of the Thomas' would be legally annulled, with Justice Thomas being the deciding vote for annulment. Oh, the irony.
 
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92tide

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both sides are equally awful and incompetent


The Butch Lewis Act I signed into law shored up pensions for millions of union workers facing cuts to the benefits they earned. Today, our Administration is announcing the single largest approval of funds from the Act: $36 billion, covering over 350,000 workers and retirees.
 

Bamaro

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Joe Biden made the oil trade of the year

Gas prices were a major story in 2022: Russia’s invasion of Ukraine roiled energy markets and some predicted the US dollar might be subsumed by a new, commodity-backed trade currency.

Instead, it appears the US government made the oil trade of the year: Releasing 180 million barrels of crude from the Strategic Petroleum Reserve between March and the end of this year in an effort to blunt the effect of rising prices, the US government appears to have made about $4 billion, as prices have fallen dramatically over the course of the year.

Selling when crude oil prices were high, the US captured billions in value. By one widely-used measure, the price of crude oil in Texas peaked at about $124 a barrel in March, and the average price during the SPR sales period was about $96; today that oil costs just $73 per barrel.

These are paper profits, to be sure: The US is still aiming to refill the reserve, and prices may rise as it does so. On Dec. 16, the Department of Energy put out a request to purchase 3 million new barrels of crude, after releasing about 200 million barrels in 2022. There are currently about 382 million barrels still in reserve.
Investing 101, sell high, buy low.
 
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