Author Archive: Stephen Green

HE THINKS HE CAN GET A LOWER PRICE BY INCREASING DEMAND IN A MARKET WHERE OIL SELLS FOR $88 BECAUSE HE’S AN IDIOT: Biden Hopes To Buy 6 Million Barrels Of Oil For The SPR At $79.

Suffering months of humiliating jeers about the dre state of the US SPR, which has been half-drained at a time when geopolitical risk is the highest it has been in years, the US Department of Energy announced that it wants to buy 6 million barrels of crude oil for the strategic petroleum reserve as part of efforts to refill it after a massive release last year of close to 200 million barrels.

The release was the result of a political attempt by the White House to bring retail fuel prices down ahead of the 2022 Midterm elections following Russia’s invasion of Ukraine, which at the time some warned would empty the strategic petroleum reserve at a time when it was better full. The outcome was partially successful as Democrats retained the Senate, the problem is that the SPR remains the emptiest it has been in 40 years.

This year, the Department of Energy has repeatedly said it wanted to start refilling the SPR but the price never seemed right, after the department set itself a range of between $68 and $72 per barrel for the refill push.

Then, idiotically, when oil prices did decline to the low $70s earlier this year (amid expectations that Biden will finally tip the US into a recession) the cartoonish amateurs at the Department of Energy headed by the incompetently cackling Jennifer Granholm…

… bought only a few million barrels for the SPR, which remains at a 40-year low.

The Biden Cabal really does hate this country.

ROUTINE BUT NEVER BORING: SpaceX aims to launch 144 missions next year.

“This year, we’re going to attempt to fly 100 flights,” Bill Gerstenmaier, the vice president of build and flight reliability at SpaceX, said on Wednesday (Oct. 18) during a hearing of the U.S. Senate’s Subcommittee on Space and Science.

“As we look to next year, we want to increase that flight rate to about 12 flights per month, or 144 flights,” he added during the hearing, which was called “Promoting Safety, Innovation and Competitiveness in U.S. Commercial Human Space Activities.”

Hitting the century mark this year would require a significant ramp-up in launch cadence, from one mission every 3.9 days to one every 2.8 days.

But SpaceX is certainly capable of meeting that latter number. The company has launched two missions in a single day multiple times; this past March, for example, it sent two of its Falcon 9 rockets skyward less than 4.5 hours apart.

The reusable rockets never fail to impress, but maybe underappreciated are the human capital and infrastructure that make the high-speed cadence possible.

NICE SHOOTING: US Navy warship near Yemen intercepts multiple missiles, US officials say.

Later Thursday Pentagon press secretary Brig. Gen. Pat Ryder confirmed that the USS Carney shot down three land attack missiles as well as several drones that were launched by Iran-backed Houthi forces in Yemen.

“This action was a demonstration of the integrated air and missile defense architecture that we built in the Middle East and that we are prepared to utilize whenever necessary to protect our partners and our interest in this important region,” he said at a news briefing. “There were no casualties to US forces and none that we know of to any civilians on the ground.”

Ryder said the Pentagon cannot say for certain at this point what the missiles and drones were targeting, but said they were launched from Yemen and were heading north along the Red Sea, “potentially toward targets in Israel.”

The only problem with Arleigh Burke-class destroyers like the Carney is we don’t have enough of them.

UNACCOUNTABILITY IS THE ENTIRE POINT: Congress Raises Alarms About $27 Billion Green Energy ‘Slush Fund.’ “Republicans on the House Energy and Commerce Committee said the short deadline for doling out the money will make it difficult for the agency to conduct proper vetting of grantees. They also noted that some EPA officials previously worked for nonprofit groups that stand to benefit from the funding and questioned how the EPA will prevent money from going to Chinese companies that dominate the solar industry.”

PERSONNEL IS POLICY: Before Joining Biden Administration, White House Staff Attacked ‘Apartheid’ Israel.

The U.S. Secret Service arrested dozens of protestors outside the White House this week on charges of unlawful entry. The immediate aim of the demonstration, organized by the progressive Jewish group IfNotNow, was to “shut down the White House.” Their ultimate goal: pressuring President Biden into supporting an Israeli ceasefire. The White House has repeatedly rejected those calls.

“How dare he send offensive weaponry to that government right now,” Eva Borgwardt, the group’s political director, said of President Biden’s decision to provide military aid to Israeli President Benjamin Netanyahu’s administration in the wake of a Hamas attack that killed more than 1,300 Israelis and at least 30 Americans.

She told the crowd that Netanyahu’s administration was “fascist.” She yelled into a microphone that resupplying Israel “to carry out what they’ve explicitly stated is genocidal intent, is unfathomably unacceptable.” Borgwardt also served as a field organizer for the Arizona Democratic Party to elect Biden in 2020.

The demonstration was ultimately unsuccessful, and the president traveled to Tel Aviv Wednesday where he embraced Netanyahu on the tarmac in a show of continued solidarity.

Yes, but was it a show or for show?