Posted on 06/17/2024 5:10:05 PM PDT by E. Pluribus Unum
When Biden took office, he inherited the over 630 million barrels of oil left behind by the Trump and other previous administrations.
This was not far off the high of 727 million barrels in 2010.
Biden allowed the reserve to begin falling and then catastrophically depleted it to improve his party’s chances in the 2022 midterm elections. And he’s been at it again in 2024.
Now despite failing to refill the strategic oil reserve, he’s talking about emptying it further from the 300 million barrels or so in order to have an outside chance of winning the 2024 election.
Jennifer Granholm, Biden’s Secretary of Energy, the former notoriously inept and radical governor of Michigan, promised in March that the administration would somehow begin refilling the SPR despite high energy prices.
US stockpiles of crude oil in its strategic petroleum reserve (SPR) will equal or exceed the levels seen before a huge 180-million-barrel sale two years ago, US Secretary of Energy Jennifer Granholm said at a conference on Monday.
In March 2022, President Joe Biden announced that 180 million barrels of crude from the reserve would be sold over six months – the largest SPR sale in history – to combat soaring energy prices in the wake of Russia’s war in Ukraine. The US is now replenishing the SPR and hopes to bring stores back to the levels seen before Moscow’s invasion, Granholm told the CERAWeek energy conference in Houston.
Spoiler alert: she lied. Biden will be emptying the SPR bone dry instead.
“The Biden-Harris Administration is laser-focused on lowering prices at the pump for American families, especially as drivers hit the road for summer driving season,” Secretary of Energy Jennifer Granholm said in May.
The government spending money to buy oil and then release it (while blocking domestic drilling) isn’t actually saving American...
(Excerpt) Read more at frontpagemag.com ...
I swear this man is ignorant & very subversive.
everything with him is
ALL BAD NEWS
😖😖😖😖😖😖
Obama said you cans drill your self to lower gas prices at the pump Biden proves him right, you have to buy oil at a high price then dump on the market at a lower price,,,, if you want to drive gas prices down at the pump.
Can you say Traitor?
We need congressional approval to go to war. This is where the word Strategic comes to mind. Congressional approval should be required.
AlGore tapped into it for strategic political ends. What’s the use of having it when Trump fills it for the benefit of his enemies?
Mmmm….. major NW gulf hurricane Late this summer shutting down offshore production?
EVERYTHING Joe Biden does, he does to weaken and destroy the United States of America.
He thinks he can win an election doing this? Maybe the ignorant dumbasses that make up the DemoKKKrat Party's core will fall for it, the rest of the country not so much.
I'm voting for the Outlaw.
What a greedy, small minded, pathetic man we have as President. Now we understand how Hunter became the Shakespearean Clown in this tragic three act in real life play!
Election Interference
Where are the charges?
Dems Hail Mary. It’s been 3 1/2 years of Shits and Giggles and it’s not just about high gas prices anymore.
“Biden Ready to Empty US Strategic Oil Reserve to a Week’s Supply to Win Election”
While I prefer to keep some oil around, since the country will STARVE TO DEATH without oil, I just cannot vote for Trump - he’s just too damn brash, not to mention his Tweets.
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It’s a good thing that China and Russia don’t know about this. Oh... never mind...
Meanwhile Russian oil thru Turkey has eclipsed the US EU exports of 14% with a 15% share.
Well played Turkey. I guess the British will shut down any EU company buying that Russian gas... 9 parts Russian gas, one part any other source and it’s no Russian.
Won’t do any good in those states that tax the heck out of gas like WA. Forty cents a gallon for climate change.
Yeah, sure he is laser-focused, not for American families. I wonder if is to a cover for supplying our oil reserves to Ukraine for their war. What's next, give them our aircraft carriers? Meanwhile, Joe Biden says screw you to American citizens.
I would expect nothing less from these radicals.
Same thing for California, jacking up the gas tax 37 cents/gallon for climate change nonsense.
From another posting, they may be filling the oil reserve but selling the gasoline reserve.
https://apnews.com/article/gas-prices-biden-northeast-reserve-6fa669ef3c963d212852513e4b312060
The move, which the department said is intended to help “lower costs for American families and consumers,″ follows a mandate from Congress to sell off the 10-year-old Northeast reserve and then close it.
If I’m not mistaken, emptying the reserve has a harmful irreversible outcome for the reserve and might render it useless in the future.
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