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?”
No limit. Same with the 10/20K college loan forgiveness website just happening to be available just before the election. They will NEVER see that money.
You got it. He using it to buy votes while weakening our country Strategically.
While most of the neutered RINOs in DC just look the other way.
WH lady was saying that oil companies have no incentive to produce more oil when she was asked by Fox reporter about draining the reserves. What a crock of BS explanation from her.
Does nothing to drop fuel prices. Crude oil is not gasoline and we have few places to refine it.
Then what’s the point of building the Keystone XL if we can’t refine the oil?
Jobama and his illegitimate communist criminal cabal are, without question, intentionally putting this country in a weakened position by depleting our emergency oil reserves thus to stymie the US military’s ability to adequately respond to a war or attack on the homeland. This is treason!
3. Net gain -0
He’s to retarded to learn from his mistakes note his last 50 years in D.C..
Posturing and politics.
There is a $2 spread between diesel and gasoline because we don’t have enough heavy crude blend stock.
SPR crude does nothing to help that. Pablum for the sheeple, we will soon be awash in gasoline and more so if there is an embargo imposed on US oil and product exports.
Neither are brains.
It looks like we're going to lose the midterms. People will look back at Democrat's inability to pass voting rights legislation as the moment we lost everything. Stunning failure of epic proportions. And everyone in DC yawned because they're used to excusing Democratic failures.— < ">Cenk Uygur>< (@cenkuygur) October 18, 2022
We'll find out - Biden has TWO MORE YEARS to wreck havoc on our country...
If we lose, it will be because there was more fraud than there
was in 2020.
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