Biden Cancels Refill of Strategic Petroleum Reserve – IOTW Report

Biden Cancels Refill of Strategic Petroleum Reserve

Fox News

The Biden administration has abruptly canceled a plan announced last month to purchase up to three million barrels of oil as part of its effort to refill the Strategic Petroleum Reserve (SPR).

The SPR – which Congress established for emergency situations – currently contains 363.6 million barrels of oil, a 43% decline from January 2021 when President Biden took office, federal data shows. Biden began depleting the reserve in late 2021 to combat high fuel prices. More

27 Comments on Biden Cancels Refill of Strategic Petroleum Reserve

  1. I don’t usually wish for the death of any person but I’ve learned to be flexible. In parallel with draining the strategic oil reserve obiden is now pushing for admission of Ukraine into NATO. Dude is disarming us and drawing us into WWIII. Why do they hate this country so much?

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  2. It’s a train wreck, by design. Time to renew our biz insurance. Boiler plate stuff, liability, property, yada yada. Our agent, who’s a pretty sharp guy, say that type of insurance is climbing fast. Better try and lock in for multiple years. The reason? The risk pool is getting so small the under writers are raising they’re rates way up. Meaning businesses are either going broke or just not buying insurance any more.

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  3. If Shitpants re-fills the reserve you’ll see 6 to 10 Cents MINIMUM increase at the pumps just as the producers are switching to summer hot weather blend which also adds about 15 Cents/Gal.

    That’s another election LOOSER

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  4. He’s only doing what his Chicom masters have told him to do. Soon, all of the Chicom soldiers that have crossed the Southern border will spring into action. Get your ammo, now!

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  5. to combat high fuel prices.

    ….to combat high fuel prices.

    BULLSHIT! The Asshole gave to Uncle Xi!! This is all about pulling the teeth of the greatest nation on Earth and the west along with it!

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  6. Trump wanted to top off the SPR at $25 a barrel and the leftists howled. Biden drained it to lower prices before the midterms in 2022. Then he said he wanted to refill it but petro is now $77 a barrel. So he ran away like a little girl.

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  7. I’m sure from this administration’s perspective we don’t need a petroleum reserve since they’re going to force us into EV in the near future.

    I’d like to think of Venezuela being a better petroleum reserve for the nation to a different more sensible administration.

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  8. It will fall to the grown-up, Trump, to refill it after he initiates policies to drop the gas prices through market forces. Lesson: don’t count on someone mired in his 2nd or 3rd childhood.

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  9. I feel another Trump ad coming out. Short. Sweet.

    Name one thing that Biden has done in the interest of the American people. Just one. I’m waiting. OK. Other than celebrating the Transgender Day of Visibility on Easter that was SIMPLY FABULOUS!

    That ad might need some work. LOL.

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  10. The Roman Empire didn’t deliberately kill itself, or at least I don’t think it did.

    But our country seems to be doing just that. Pulling out a hari-kari sword and plunging it into its own guts, then turning it up to disembowel itself.

    I wish I was having a nightmare but it seems like that’s reality.

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  11. “The SPR – which Congress established for emergency situations”

    The Joetato administration created the “emergency.”
    And the Unitard congress let it happen.

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  12. Just after declaring war on Russia?
    (saying that Ukraine will become a member of NATO is a declaration of war)

    Hmmm … curiouser and curiouser … I smell TREASON!

    mortem tyrannis
    izlamo delenda est …

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