Is Biden doing this on purpose? Just me, but I certainly get the impression that the Democrats are doing their level best to destroy this country.
Well, I guess the only real question is this: Destroy America for the benefit of whom?
With my personal opinions and conspiracies aside for the moment, there’s an awful lot going wrong in DC in regards to fossil fuels, so I’ll just post the headlines along with a couple of lines from each.
US emergency oil supply shrinks to 40-year low as Biden keeps tapping reserve from Fox News (emphasis mine).
White House to release 10M additional barrels from Strategic Petroleum Reserve.
President Biden is once again tapping into the country’s emergency stockpile of oil as the White House tries to prevent gasoline prices from spiking again, reducing the petroleum reserve to its lowest level in four decades.
The nation’s Strategic Petroleum Reserve had 416.4 million barrels in the week ended Sept. 30 – the lowest level since 1984 – after the Biden administration released another 6.2 million barrels, according to Department of Energy data.
Biden had tapped the emergency oil stash four times over the past year in hopes of lowering gas prices, including in March, when he ordered a record-setting 180 million barrels of oil released from the reserve – 1 million barrels per day over six months.
With the releases scheduled to finish this month, the White House said on Wednesday that it would release 10 million additional barrels in November. [Ed. note: Amazingly, after the elections.]
Biden Could Refill Strategic Oil Reserve At $80 Per Barrel from the Daily Wire (emphasis mine).
The White House plans to refill the nation’s oil reserves once prices fall below $80 per barrel, according to a Tuesday report from Bloomberg.
President Joe Biden has addressed rising gas prices by releasing oil from the Strategic Petroleum Reserve — a stock of emergency crude oil created to “reduce the impact of disruptions in supplies of petroleum products.” Though reserves in January 2021 were as high as 638 million barrels, reserves have fallen to 434 million barrels as of last week — a level not seen since 1984.
Remember When Democrats Blocked Trump from Filling the Strategic Oil Reserve While Gas Was Cheap? from PJ Media (emphasis mine).
In March, Joe Biden ordered the release of millions of barrels from the Strategic Petroleum Reserve in order to address the record-high gas prices that were plaguing the nation. Gas prices are still way above normal, and Biden is still tapping those reserves, but he has a plan: once oil prices drop below $80/barrel, we’ll restock it.
How considerate.
It’s just too bad we didn’t load up the reserves when gas prices were much cheaper.
Oh, wait, Trump tried to do that. But Democrats stopped him.
“It was only two years earlier that Democrats blocked former President Trump from filling the reserve when oil was hovering around $24 per barrel,” reports Bloomberg. “Trump in March of 2020 was looking to stabilize the oil industry after Covid-19 hit in 2020 and crushed global petroleum demand. With oil at the time priced at about $24 a barrel, Republicans proposed spending $3 billion to fill up the reserve. But the idea became a political football in larger negotiations on trillions in coronavirus relief, with Senate Democratic Leader Chuck Schumer proclaiming that his party had blocked a ‘bailout for big oil.’”
Not a meme stock or a collapsing currency, this is America’s Strategic Petroleum Reserve, and this is before today’s record release of 8.4mb, the largest ever. pic.twitter.com/yodSXxdjoO
— James Lavish (@jameslavish) September 12, 2022