Posted on 10/19/2022 5:54:53 AM PDT by Hostage
President Joe Biden plans to release even more barrels of oil from the federal government’s strategic reserves to keep gas prices low before the midterm elections.
Bloomberg News reports that the Biden administration plans to release another ten million to 15 million barrels of oil from the Strategic Petroleum Reserve.
Biden’s latest decision marks more than 200 million barrels set for release in less than two years as president, more than all previous presidents combined according to the Wall Street Journal.
The oil reserves are currently at the lowest level since 1984.
Despite Biden’s historic oil releases to bring down the cost of gasoline, the OPEC+ nations announced their decision in October to cut oil production by two million barrels a day.
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The president expressed his disappointment with OPEC+ and Saudi Arabia’s decision, despite administration officials working behind the scenes urging them to delay their cuts until after the midterm elections.
(Excerpt) Read more at breitbart.com ...
How stupid can people be?
The effort is Biden pretending to be relevant.
Biden is following the practices of Kim Jong Un who shoots missiles to be relevant
And when it’s all gone, then what?......................
What a moron. Totally bereft of wisdom and understanding. And probably has no idea that on a daily basis we use about 20 million barrels a day.
Mathematics are not a politician’s strong suit. 🙄🙄🙄
Less than one day’s demand in US.
Leftists will think climate change has been stopped.
The “emergency” is that the Dems may lose the mid-term elections.
That's easy - blame Trump and the MAGA Republicans.
Seeing some of the poll trends I'm almost ready to renew my faith in people's judgement. If we get a major tidal wave then my faith will be renewed for sure.
Trader Joe ... I mean Traitor Joe continues his destruction of the Republic
We lose a war when we can’t even fuel our warships, as enemy nuclear subs sink tankers on the ocean.
It’s too late to help them.
Waiting for the news that the SPR is “tapped out”. For Biden that SPR oil is his political ‘life’s blood’. Once it runs out even his die-hard supporters will realize that it’s all over.
Does nothing to lower gas prices at the pump.
Half the adults have IQs below 100.
USA weakens itself against the like of nations like Russia, Iran, China, North Korea, etc. Democrat, Joe Biden continues to destroy this once great Republic and it’s magnificent people!!! Wake up, Wise up, American voters...Vote Trump Team & GOP...period!!! Save the American Republic and help Make America Great Again!!! The Current Democrat Party needs to be politically destroyed...now!!!
The real issue is too little refined products currently in stock.....
Using government resources for political purposes used to be a crime.
Still is if you aren’t a Demonocrat.
The problem with those 50% is that they THINK they are smart.
They have predetermined positions that they can not be swayed from because they lack the ability to reason.
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