Posted on 03/31/2022 12:50:05 PM PDT by Red Badger
Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve. This is how he is going to control spiking gas prices, AP reports.
At the same time, he is doing everything in his power to destroy the oil and gas industry. This misuse of emergency fuel is meant to make him look good and get his poll numbers up while he continues to do the very things that will down the road make our gas and oil cost-prohibitive.
The overall release could be as much as 180 million barrels, according to people familiar with the plan, per Bloomberg. Oil dropped by $5 a barrel in a matter of minutes after the report.
Even the high oil prices [and the danger the EU is in] haven’t coaxed more production, the AP explains.
The president has seen his popularity sink as inflation reached a 40-year high in February, and the cost of petroleum and gasoline climbed after Russia invaded Ukraine.
Biden’s approval was 40% — the lowest of his presidency — in an NBC News poll out this week. And NBC is a Biden-friendly pollster.
The Biden administration announced the release of 50 million barrels in coordination with other countries in November.
After the Ukraine war began, the U.S. and 30 other countries agreed to an additional release of 60 million barrels from reserves, with half of the total coming from the U.S.
The Energy Department, which manages the reserve, says it holds more than 568 million barrels of oil. And those 568 million are meant for emergencies, not to make him look good with false hope.
In a desperate attempt to save the Democrats in the midterm elections, Joe Biden depletes the strategic petroleum reserve.
President Trump built up our reserves, not just for oil, but other emergency measures, as well. Burden is like Obama, he tears everything down and is surprised to discover few people actually like that.
Cloward-Piven
What an ignorant fool. It is a Strategic Petroleum Reserve. It should remain that way.
Brandon stealing oil from Trump’s reserves to camouflage his restrictive energy policies that have increased oil 100%. So now, it will bring gas down 10 cents a gallon, ugh.
There are two things Biden does really well: 1) lie 2) really SCREW UP.
We better recognize it's total economic war against the American people.
Lie? Nobody believes him.................
Trump did a good job and the media sniped at him everyday, and the evil Democrats took the house in 2018 with some chicanery. Biden is wrecking and impoverishing the country while the media defends him and the Democrats prepare another cheat. Does it really matter what he does for PR?
Yeah, then refill it with $200 per barrel oil.
But but but, democrats getting monkey stomped in a forthcoming election is the very definition of an emergency
Laughable propaganda. America consumes a massive 20 million barrels of oil per day. 180 million barrels will cover just a pitiful 9 days.
And Dementia Joe has been releasing oil from the strategic reserves since last year. Oil prices have only skyrocketed since then.
Chuckle.
Tired old man we elected king.
F U to that Eagles drummer, Don Henley
This is the end of innocense
The Biden Administration is totally reactive, but here they seem to be proactive, and you have to ask “why”?
I smell a rat. I think Biden’s people are realizing that the refiners are projecting problems sourcing enough crude to remain in full operation and the fear is having to shut down. Kind of like rolling brown outs with electric utilities. They can’t have that going into the Fall election season.
It’s kabuki theater. 180 million barrels is just over a weeks worth of oil....................
“At the same time, he is doing everything in his power to destroy the oil and gas industry.”
This bears repeating.
I am calling Brandon Burden now instead. The people on the left who hate hearing Brandon are getting the gist better when I call him Burden in front of them, and they don’t mouth off to me.
Never underestimate Joe’s ability to f*** things up!
And by the time the reserve is gone, we’ll be awash in green energy, so no problemo!
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