Biden’s Depletion of the Strategic Petroleum Reserve Is Reaching Crisis Levels – IOTW Report

Biden’s Depletion of the Strategic Petroleum Reserve Is Reaching Crisis Levels

TownHall

In November 2021, President Joe Biden proudly announced an order to release millions of barrels of oil from the Strategic Petroleum Reserve.

“Today’s announcement reflects the President’s commitment to do everything in his power to bring down costs for the American people and continue our strong economic recovery. At the same time, the Administration remains committed to the President’s ambitious clean energy goals,” the White House released in a statement at the time.

“He’s used the biggest tool at his disposal, which is our Strategic Petroleum Reserve, releasing a million barrels per day to try to stabilize supply,” Energy Secretary Jennifer Granholm touted in July. 

The SPR is an emergency reserve typically tapped during natural disasters, times of war and limited extraordinary circumstances. Biden started its depletion for political purposes in an attempt to lower gas prices — ahead of a midterm election — while continuing to handcuff oil producers. more

15 Comments on Biden’s Depletion of the Strategic Petroleum Reserve Is Reaching Crisis Levels

  1. Puddin Brain “Da WHat’s My Name” is going to drain every tank in the Oil Reserve down to the last drop and still handcuff the producers from pumping more. After we are all forced back on to bicycles, horses, and foot power, China can then just walk in and take over, because we won’t be able move ships, fly planes, or transport troops to protect ourselves. He’s totally delusional to be thinking he’s going to get his 10% from yet another fake Hunter Massive Bonus, because China won’t pay it once the takeover is complete.

    6
  2. My brother-in-law is a geologist. He is the cavern supervisor at one of the biggest petroleum reserve sites along the Gulf Coast. The caverns are thousands of feet underground incased in gigantic salt domes created hundreds of millions of years ago. The average size of each cavern is around 200 feet wide and 1500 feet tall. There are rows of these caverns at each site.

    2
  3. Sure smells of an American take over while fools with guns stand and watch in silence. Roll over and give up it’s easy for sheep they’re known to have done it throughout history.

    2
  4. The basement dummy is doing this to fool the dumbasses in this country into thinking that things are improving from their worst point economically.

    The problem is that I think they (Biden admin) got their timing off with regards to the mid-term “election”. Don’t let the reduced (from $7.00) gas prices fool you because we’re fucked even if conservatism wins in November. At $3.80 per gallon the prices are still 80% higher than they were when Trump was in office.

    We are being tactically weakened by our own sellout countrymen so that a foreign takeover is made easier.

    These traitors think the average American lacks the resolve to make things right. At the same time, if we start rectifying things properly it might start a civil war.

    Basically we are between a rock and a hard place. It’s going to take divine intervention to fix things at this point.

    The true hand-to-mouth hard times haven’t even started yet.

    9
  5. Joe Strategic McDipStick is depleting our electric car charging oil reserve!

    Joe Pudding Face McFruitCup wants you to freeze this winter!

    President Daughter-diddler McWifeKiller thinks you’re a threat to his democracy!

    3
  6. Must..extend..artificially lower…fuel prices…until…Midterm Elections.

    —If Americans are stupid enough not to see thru this strategery, then they deserve the sodomy that will come after!

    “Who gonna pay my rent/student loans/chail support/EBT ????!”

    1

Comments are closed.