Posted on 05/21/2023 2:41:10 PM PDT by CFW
President Joe Biden in December began working to replenish the 180 million barrels he sold last year from the Strategic Petroleum Reserve. Nearly six months later, he still has zero barrels to show for it.
Biden's Energy Department on Monday announced its intention to purchase up to three million reserve barrels as a "continuation" of the president's "replenishment strategy." So far, however, that "strategy" has seen the Democrat fail to purchase a single barrel of reserve oil. The administration first tried to purchase three million reserve barrels in December, when Biden kicked off his "plan to replenish the SPR." One month later, Biden's Energy Department revealed it had rejected all offers it received to purchase the oil because those offers "were either too expensive or didn't meet the required specifications."
(Excerpt) Read more at freebeacon.com ...
I believe his administration released the reserves just so they will not be there in case of a true emergency in which our military would need those reserves. I also believe that "he" is slow to restock those reserves because his handlers do not plan on restocking them at all.
Also this:
“Last November, when there were still tens of millions of extra barrels in the US Strategic Political Petroleum Reserve, we joked that not only would the historic drain by the Biden administration not reverse - contrary to what the senile occupant of the White House would read from his cue cards on occasion - but that the drains would continue until the salt caverns collapsed.”
It’s not impossible.
“Buy high, sell low.”
He has already proven he’s good at the sell low to China part.
Exactly what I said from the get go. The goal was always to cripple us in an emergency.
Price went from $2.89 in March to current $3.65 in my area.
We are at around $5 here in the Phoenix area.
I suspect that we could easily buy Oil for cheap on the ‘Down Low’ from Russia
but some Biden has an agreement signed in blood long ago with a different party
Or DUMBASS COULD LET US DRILL AND PRODUCE OIL DOMESTICALLY FOR CHEAP.
And around $5 in Reno
Have you ever seen such a part-time _resident ?
He announces that the US will buy,.. and then wonders why the price went up - ..what a goof !
He has no vision of the future , except what Obama's staff tells him, reinforced by Dr. Jill
If its not in the cue cards, he has limited knowledge - he can't even remember where he was a week and a half ago
There is a reason why he is called: "s..l..o..w...J..o ..e !
You can buff it up,..but it still won't take a shine !
gasoline and diesel back up to 5 a gallon in the PNW. Way to go Brandon.
>>>”Joe Biden treats the Strategic Petroleum Reserve like a political piggy bank . . . <<<
This [person posing as a man] is the biggest buffoon in our country.
“I suspect Biden (or his handlers)didn’t use the oil reserves in order to lower gas prices.”
He sold the oil to China. The Chinese demanded it to show the world that he is their bitch.
No, his administration cares not a bit about gas prices and would prefer the prices to skyrocket.
His administration sold the oil reserves to weaken the nation and place it in further jeopardy.
He wasted it to lower the inflation rate.
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