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.
p
Weakening the nation in every way possible... and by any means necessary. High treason in the 3rd term of Obamanation. When, if ever, will Americans wake up?
Nothing else is too expensive for this commie pedophile, but something designed to protect America, sure it’s too much money.
He’ll sell the rest to China at a cut rate
Nothing surprises me anymore.
Joe says , “We going EV anyway “
Most Americans have accepted their FastPass tickets to the boxcar line.
Biden drained the SPR solely to put a lid on oil/gas prices before the 2022 election.
It was the Democrats strategic election reserve.
We shouldn’t be surprised - if the Deep-state/marxist/intel Party will willingly import 15 million dependent foreigners for the sake of preserving their power, they most certainly will sell some government-owned oil
I can’t help but feel that we are being setup to be invaded. Not just the 3rd world invasion happening, but a legitimate invasion.
Oil is way too expensive and that is why all the prices on everything else is ‘way too expensive’.
Point. We can’t afford this President, either.
treason
All our tanks, 6x6 trucks, armored personnel carriers, ships, airplanes, and Humvees are going to be converted to use electricity, and they will be charged up out of the wall sockets of the countries we occupy, the batteries being supplied to us by the CCP regime in China.
WE don’t need no stinkin’ oil.
Whoops, did I just say the quiet part out loud?
Trump will have prices down within 48 hours.
so Biden and the flakes at the White House have no clue what the Strategic Petroleum Reserve is for ?
I thought this was a Bee headline
WEIRD, Just Flat out WEIRD Man! Because just the other day, he and his cronies in the msm were touting how wonderful the economy is and insinuating how dumb conservatives are for not believing it-
But Woopie just said the economy is wonderful and only white right wing lunatics say prices are too high.
And the reserve re-filling before that.
GOP needs to submit legislation prohibiting the release of reserves for non-military purposes without congressional approval.
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