Posted on 10/05/2022 10:45:26 AM PDT by conservative98
President Biden on Wednesday said he would release 10 million more barrels of oil from the U.S.’s Strategic Petroleum Reserve (SPR) in November in a move to counter raising gas prices again.
His decision was announced just hours after Organization of the Petroleum Exporting Countries (OPEC+) said it would be cut oil production by 2 million barrels a day.
The cuts will restore the oil market for top producers like Saudi Arabia and Russia but are also expected to drive up costs at the pump globally.
But Biden’s attempt to circumvent the spike in gases prices expected to hit the market in time for the midterm elections may not prove all that effective.
(Excerpt) Read more at foxbusiness.com ...
Dopey the darned oil fields and full blown fracking.
30 trillion debt. Print more money.
The way they lie to us, I would be surprised if 50M barrels are left. They sold it all to China.
LGB is such an idiot.
A drop in the bucket so to speak.
Biden is out of options when it comes to the decision of OPEC+.
1) DEPLETING our oil reserves for POLITICAL PURPOSES (MIDTERMS)
2) DEPLETING our weapons supply for the Ukraine-US WAR AGAINST RUSSIA
3) DEPLETING our armed forces via COVID MANDATES.
EVERYWHERE YOU LOOK, IT'S THE WILLFUL DESTRUCTION OF AMERICA, CLOWARD-PIVEN STYLE.
Sell our Seed Corn?
Where did you see that? :(
To put in perspective.
10 Million Barrels is 1/2 Day of oil U.S. uses per day.
Socialists are just locusts
The consume everything and produce nothing
LOL!
It will last longer than four days in Communist China.
Since they’re all stuck at home?...
Is hew going to sell it to china like he did with the rest of it? At cheap prices too.
Probably, he’s a true a-hole.
I just paid $5.27 for premium at Costco here in Washington State. Down the street it was $5.89.
When the Real war comes instead of Cold War II, which it will, Brandon will rapidly regret not having the 200 Million Barrels Sold to China, to replenish upcoming wartime needs.
The Biden Crime Family must be getting some huge kick-backs from these SPR sales to China.
This move screams PANIC.
Blew his wad. Now what Xiden?
It’s all the fault of greedy gas store owners and that whopping 1% profit margin they enjoy.
You are more optimistic than I am. I doubt it if we have more than 30M barrels. This is a snow job by the Biden Administration if there ever was one. They’re just “biden” for time hoping some other source of oil will turn up.
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