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Energy Secretary Jennifer Granholm said the Strategic Petroleum Reserve will not be replenished during Joe Biden’s current term. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ As China expands its reserves with low-cost oil from Russia, the Biden administration has allowed U.S. stocks in the Strategic Petroleum Reserve (SPR) to hit their lowest levels in decades. The communist regime in Beijing is seen intent on stockpiling large amounts of crude oil in anticipation of a military move against Taiwan. When the Biden administration took office in January 2021, the SPR contained more than 638 million barrels of oil. Currently, according to Energy Department statistics, the reserve holds...

Biden’s administration is getting more and more desperate as the Midterms loom as the pace at which they are draining the nation’s so-called ‘strategic’ reserve of crude oil just went to ’11’. Last week saw almost 8.54 million barrels withdrawn from the SPR – the biggest weekly drain in history. ... This unprecedented collapse of the Strategic Petroleum Reserve to its lowest since September 1984 has helped lower oil prices (from their record highs)… ... the price of gas at the pump is still up 76% since Biden was . ... But ‘average joe’ doesn’t care about ‘president joe’ actions...

U.S. President Joe Biden’s administration is weighing the need for further releases of crude oil from the nation’s emergency stockpiles after the current program ends in October, Energy Secretary Jennifer Granholm told Reuters on Thursday.

Rep. Kat Cammack (R-FL) stated that President Joe Biden’s plan to release oil from the Strategic Petroleum Reserve is designed to save the president’s poll numbers and will endanger national security without lowering gas prices. Cammack said, “I think that they are doing this because they are so concerned about Biden’s sinking, plummeting poll numbers that they are desperate for anything. … We need to stop telling our adversaries exactly what we are going to do and what we’re not going to do. And this move to basically drain a third of our strategic oil reserves, this is ludicrous. This...

The White House on Tuesday confirmed the news, noting that the release will be done in coordination with International Energy Agency member states. Half the total amount, or 30 million barrels, will come from the U.S. Special Petroleum Reserve, the White House said, while allies in Europe and Asia will supply the rest. Last fall, Biden authorized the release of 50 million barrels from the reserve, seeking to tamp down high gas prices. News of the release comes as prices for oil soared again on Tuesday, with futures for Brent crude climbing to more than $100 a barrel. In a...

(Reuters) - A third day of gasoline "panic buying" among storm-stricken motorists in the New York area and New Jersey prompted authorities to tap emergency oil reserves and ordered the military to dispatch fuel on Friday, while limited deliveries from pipelines and oil barges offered a glimmer of relief. Four days before the U.S. presidential election, the Obama administration made an all-out effort to ease the crisis, authorizing the Defense Logistics Agency to buy and deliver up to 22 million gallons of fuel for the region, waiving a rule barring foreign-flagged vessels transiting U.S. ports and loaning out diesel from...

BEGIN TRANSCRIPT RUSH: Obama has just announced that the United States and Britain are going to release oil from their Strategic Reserves. I didn't even know that Cameron was up for reelection. I did not know that he was up for reelection. That's why Obama's doing this. This is going to have absolutely no impact whatsoever. It is a purely political move from the guy who says, "We can't drill. We can't drill fast enough, can't drill soon enough." What does that mean? If we can't drill what it means is putting more oil on the market isn't gonna matter...

Remember that Barack Obama insists that there are "no silver bullets" to fix the issue of high gas prices. So when British Prime Minister David Cameron visited Washington for high-level talks and the discussion turned to gas prices, what did Obama propose? According to Reuters, holy water and a garland of garlic: President Barack Obama and British Prime Minister David Cameron discussed the possibility of releasing emergency oil reserves during a meeting on Wednesday, two sources familiar with the talks said, the first sign that Obama is starting to test global support for an effort to knock back near-record fuel...

Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices derailing economic growth in an election year. A formal request from the United States to the UK to join forces in a release of oil from government-controlled reserves is expected "shortly" following a meeting on Wednesday in Washington between President Barack Obama and Prime Minister David Cameron, who discussed the issue, one source said. Britain would respond positively, the two sources said.

Obama Flip Flops on tapping Strategic Oil Reserve - FAIL « on: Today at 10:05:48 AM » Quote Modify Remove -------------------------------------------------------------------------------- Obama flip flops on Strategic Petroleum Reserve posted at 2:50 pm on August 4, 2008 by Ed Morrissey http://hotair.com/archives/2008/08/04/obama-flip-flops-on-strategic-petroleum-reserve Via Jim Geraghty, who caught this even while on vacation. In August 2005, Obama agreed with George Bush’s decision to release oil from the Strategic Petroleum Reserve in order to buffer the economy from the effects of Hurricane Katrina. However, Obama warned that such actions should only take place in times of real emergency (emphases mine): I agree with the...

<p>WASHINGTON (AP) — Wary of a new surge in gas prices, the Obama administration has decided to release 30 million barrels of oil from the country’s emergency reserve as part of a broader international response to lost oil supplies caused by turmoil in the Middle East and North Africa, particularly Libya.</p>