Posted on 04/03/2024 10:03:16 AM PDT by bitt
The Biden Regime canceled its plan to refill the Strategic Petroleum Reserve because oil is “way too expensive.”
Biden drained the U.S. Strategic Petroleum Reserve to its lowest level in 40 years.
Now, the Biden administration is CANCELLING their plans to refill it because oil is "way too expensive." pic.twitter.com/NYqEZ2Aosa
— RNC Research (@RNCResearch) April 3, 2024
This comes as gas prices are once again skyrocketing.
Recall that Biden drained the SPR to its lowest level in 40 years.
Biden sold the U.S. Strategic Petroleum Reserves (SPR) to Europe, India and China.
Joe Biden depleted the SPR to help China.
Bloomberg reported:
The Biden administration won’t move forward with its latest plans to buy oil for the Strategic Petroleum Reserve amid rising prices.
The Energy Department said it was “keeping the taxpayer’s interest at the forefront” in its decision not to purchase as many as 3 million barrels of oil for a Strategic Petroleum Reserve site in Louisiana. The plan for the barrels to be delivered in August and September had been announced in mid-March.
In October 2022 Joe Biden absurdly claimed he would be refilling the oil reserve at $70 a barrel to make money.
“By selling from the [oil reserve] at the higher price of $90 earlier this year and then re-filling it in the future at a lower price around $70 will actually make money,” Biden previously said.
A few years ago the Democrats blocked President Trump from filling the Strategic Oil Reserves at $24 per barrel.
The Democrats cost the US BILLIONS in potential profits.
To add to the scandal, Energy Secretary Jennifer Granholm secretly consulted with CCP energy officials before Joe Biden released barrels of oil from the US Strategic Petroleum Reserve (SPR) in 2021.
“Secretary Granholm’s multiple closed-door meetings with a CCP-connected energy official raise serious questions about the level of Chinese influence on the Biden administration’s energy agenda,” APT Executive Director Caitlin Sutherland told Fox News.
The Department of Energy (DOE) downplayed the Biden Regime’s consultation with CCP officials and said the meeting was a part of the agency’s effort to ‘combat climate change.’
“Solving the climate crisis means engaging with competitors and allies in clear and substantive discussions — especially among the nations emitting the most carbon pollution into the atmosphere,” a DOE spox told Fox News. “We must all address the transnational challenge of climate change to our planet.”
The Biden crime family has received $31 million from companies tied to the Chinese Communist Party’s Ministry for State Security. The only explanation for the Biden Regime’s treasonous actions in wartime is that they are “intentionally trying to harm the United States”, said Tucker Carlson. “If that’s not an indictable offense, it’s certainly an impeachable one.”
Sleep well, America.
We are watching the deliberate destruction of America.
Keep it up, democrats. Make everything so expensive people can’t afford the basics. A great election winning strategy you have there.
This was deliberate. It was all deliberate and it wasn’t done by “President Biden”. It was done by the holders of his puppet strings that hate oil, gas, and American citizens. I doubt Joe Biden even knows that our strategic reserves have been reduced to such levels.
All according to plan.
FJB!
Buddy..I kid you not. A while ago I read an article somewhere that these pig pig brains are actually studying putting our navy back under sail.
So, they could bring out old Ironside and put her to work again.
That’ll scare em!
They’ve already proven they don’t need the approval of voters. They can manufacture as many votes as they need.
Most likely your ACCURATE with that statement. I doubt Biden even knows what day it is unless someone tells him!
I know. They are leaving the gullible with the illusion that we actually have a choice in who our leaders are.
To simple for a Communist.
Biden drained the U.S. Strategic Petroleum Reserve to its lowest level in 40 years.
trump will fix this.
He wants Americans to be dependent on the DemoNaziCommie ruling party and he wants America to be dependent on our nation’s foreign enemies like Communist China, Arabia, and Iran.
it is interesting just how anti-democratic and pro-dictatorial every aspect of the hard-leftist agenda really is.
But..but... If it is “too expensive”, wouldn’t Joe’s 10% kickback be that much more?
Our enemies pay dearly for this "aganda".
Likely was another negotiated point in Biden’s new contract with Xi Jinping during their phone call.
Part of the plan to deconstruct the US fuel infrastructure which will cripple the economy.
This is the type of destruction our foreign enemies dream off.
Probably wanting to get the price up Up UP so when he does buy, his cronies in the oil industry can make a “killing”. And remember the Kickback to the Big Guy.
Or, we may hope, they will pay for it
And of course the Russians, who benefit from this nonsense.
Well put. And my tractors and combine out here on the farm in central Kansas. I guess the people in DC won’t eat, because America’s farms run on diesel fuel. Aint no charging stations in the fields I work.
Also once Biden depleted our SPR is when Russia invaded Ukraine.
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