Just The News:
The Biden Administration announced Tuesday that it would release 42 million gallons of gasoline from the Northeast Gasoline Supply Reserve. The release, the Department of Energy explained, is “strategically timed and structured to maximize its impact on gas prices.” This will, according to the DOE, help lower prices at the pump during the summer months when prices tend to go up along with demand.
The Northeast Gasoline Supply Reserve was created in 2012 following Superstorm Sandy, which damaged two refineries and shut down 40 terminals in New York Harbor. Some New York gas stations went as long as 30 days without a supply of gasoline as a result of the supply disruption. The Obama administration established the gas reserve to prevent such a shock from happening again.
The 2024 Consolidated Appropriations Act, which became law in March, included language requiring the DOE to sell off the inventory from the reserve and shut it down once it was drained.
David Blackmon, energy writer and analyst, told Just The News that it was a shortsighted move on the part of Congress. There are all kinds of potential disruptions on supply, he said, that could make having a stockpile a good idea. “Just three years ago, Colonial Pipeline suffered a cyber attack. That was down for two weeks, and you’ve got a gas shortage all over the region,” Blackmon said. more here
The US uses 369 millions gallons per day.
Enjoy the Summer
Go Cruising the Vistas
See the Parks
Ain’t gonna sway a thing
FJB
“Biden’s” presidency is an intentional attack on America, worse than any nuclear weapon. Gotta hand it to Red China.
VICTOR DAVIS HANSON: Will Biden Take Us Down With Him?
https://directorblue.blogspot.com/2024/05/victor-davis-hanson-will-biden-take-us.html#more
They don’t intend to replenish it. On his first day in office he shit down the XL pipeline and all domestic drilling. They’re trying to force us into electric cars. It’s not working. But they never stop trying.
Depleted enough, it apparently can’t be restored, because removing the oil, water-based pumps et al., damages the salt caves. This was an EMERGENCY SUPPLY.
You nailed it, richard. Joe shit down the XL pipeline on his first day, and it hasn’t been unclogged since.
Never-elected Shitpants admits another stupid action he’s committing that only serves his “re-election”
Weaken the nation. Every act is to weaken the nation. Name ONE action taken by the current junta that bids fair to strengthen the nation. I will wait.