{"id":1460550,"date":"2024-03-04T00:00:00","date_gmt":"2024-03-04T05:00:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1460550"},"modified":"2024-03-04T00:00:00","modified_gmt":"2024-03-04T05:00:00","slug":"why-is-congress-nuking-northeast-gasoline-reserve-as-part-of-bill-to-avert-shutdown","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/why-is-congress-nuking-northeast-gasoline-reserve-as-part-of-bill-to-avert-shutdown\/1460550\/","title":{"rendered":"Why Is Congress Nuking Northeast Gasoline Reserve As Part Of Bill To Avert Shutdown?"},"content":{"rendered":"

Why Is Congress Nuking Northeast Gasoline Reserve As Part Of Bill To Avert Shutdown?<\/span><\/p>\n

\n

On Sunday night, Congressional negotiators revealed a bill which will fund key parts of the government through the rest of the fiscal year which began in October.<\/p>\n

<\/a><\/p>\n

The 1,050-page legislation<\/a> sets a discretionary spending level of $1.66 trillion<\/strong> for FY24, which comes just days after lawmakers passed the fourth stopgap measure since Oct. 1 to keep the government funded a bit longer.<\/p>\n

According to Senate majority leader Chuck Schumer’s office, the bill “maintains the aggressive investments Democrats secured for American families, American workers, and America\u2019s national defense.”<\/p>\n

House Speaker Mike Johnson said in a statement that “House Republicans secured key conservative policy victories, rejected left-wing proposals, and imposed sharp cuts to agencies and programs critical to the President Biden\u2019s agenda.”<\/p>\n

But what neither of them mention is that the bill also nukes the entire Northeast Gasoline Supply Reserve<\/strong> – which, at roughly 1 million barrels, is too small to matter on a national scale – but which could serve as a critical cache of energy in the event of another major disaster<\/strong>.<\/p>\n

<\/a><\/p>\n

The entire US 1 million barrel Northeast Gasoline Supply Reserve will be required to be sold and closed in fiscal 2024, according to bill text of government funding legislation unveiled Sunday<\/p>\n

Did China write this bill? https:\/\/t.co\/d8qLXZ5Gi6<\/a> pic.twitter.com\/8B2flG0CZw<\/a><\/p>\n

\u2014 zerohedge (@zerohedge) March 3, 2024<\/a><\/p>\n

The Northeast Gasoline Supply Reserve was established in 2014 following Hurricane Sandy, which cut through refineries and fuel terminals resulting in fuel shortages <\/strong>in some parts of the northeast. The rationale for draining it is that it “does not have the operational functionality that was envisioned post-Sandy,” <\/strong>former President Trump said of the supply in 2017.<\/p>\n

In particular, the Northeast Gasoline Supply Reserve, created after Hurricane Sandy interrupted supplies.<\/p>\n

This will make the northeast again vulnerable to disruptions from hurricanes or another cyberattack on the Colonial Pipeline.<\/p>\n

\u2014 Russell Brown (@DrRussellBrown) March 3, 2024<\/a><\/p>\n

What’s more, once the reserve is drained, the bill mandates that the entire thing will be shut down<\/strong>.<\/p>\n

Not just sell it, they then have to close the entire reserve infrastructure it looks like. pic.twitter.com\/Rw7txW07rS<\/a><\/p>\n

\u2014 Tom Fisher (@TomFisher37) March 3, 2024<\/a><\/p>\n

Then, the bill makes it even harder<\/em> to establish regional reserves in the future<\/strong> – requiring several new layers of red tape.\u00a0<\/p>\n

<\/a><\/p>\n

Is the government trying<\/em> to cause another disaster? <\/strong>This supply is so small but crucial for its intended purpose that we’re in ‘just why?’ territory.<\/p>\n

<\/a><\/p>\n

a diesel engine tow will be expensive when your crappy EV is stranded with no charge.<\/p>\n

\u2014 Meyers.\u2122 (@Meyers__MD) March 3, 2024<\/a><\/p>\n

Whelp, if this was completed and there was a regional level issue there wouldn’t be any Diesel available. Double whammy.<\/p>\n

\u2014 Tom Fisher (@TomFisher37) March 3, 2024<\/a><\/p>\n

irresponsible at best. No one who inserted that should be in government.<\/p>\n

\u201cUpon the completion of such sale, the Secretary
\n14 shall carry out the closure of the Northeast Gasoline Supply Reserve\u201d<\/p>\n

\u2014 John Barton (@bartjw) March 3, 2024<\/a><\/p>\n

And the SPR is currently the lowest it’s been since the mid 80s pic.twitter.com\/Zr0p9ypTWZ<\/a><\/p>\n

\u2014 Tr\u00fcndi Molisher (@trundimolisher) March 3, 2024<\/a>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSun, 03\/03\/2024 – 19:00<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/political\/why-congress-nuking-northeast-gasoline-reserve-part-bill-avert-shutdown<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

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