Author Topic: Biden Is Destroying Our Strategic Petroleum Reserve  (Read 176 times)

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AmericanThinker

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Biden Is Destroying Our Strategic Petroleum Reserve
« on: October 30, 2022, 07:22:06 AM »
Biden Is Destroying Our Strategic Petroleum Reserve

If you understand what it’s for and how it functions, it’s apparent that Biden is despoiling a national treasure and taking our security with it.
Source: Biden Is Destroying Our Strategic Petroleum Reserve
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Offline seoulbro

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Re: Biden Is Destroying Our Strategic Petroleum Reserve
« Reply #1 on: October 30, 2022, 07:24:44 AM »
Biden Is Destroying Our Strategic Petroleum Reserve

If you understand what it’s for and how it functions, it’s apparent that Biden is despoiling a national treasure and taking our security with it.

Source: Biden Is Destroying Our Strategic Petroleum Reserve
And he is doing it to to buy votes in the midterm elections. It should be grounds for impeachment.

Offline seoulbro

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Re: Biden Is Destroying Our Strategic Petroleum Reserve
« Reply #2 on: January 30, 2023, 11:39:44 AM »
Rep. Steve Scalise of Louisiana got it right: Over the past two years, President Joe Biden stalled domestic energy production, begged Saudi Arabia to send more oil to America and drained the Strategic Petroleum Reserve — all in his effort to lower gas prices in advance of the 2022 election.

It’s at the point where the national oil reserve created in 1975 to be available in the event of a national emergency is becoming its own emergency.

Under the Biden administration, the midterm election and spiking gasoline prices created a political crisis for Democrats, one that the president solved by draining 42% of what was in the Strategic Petroleum Reserve when he took office.

Biden abused the Strategic Petroleum Reserve, says Rep. Stephanie Brice of Oklahoma. The 638 million barrels of emergency oil in January of 2021 is down to 371 million barrels in January of 2023.

How much is that in real terms? 371 million barrels is not much more than one barrel per American, which will make enough gasoline to power your car for 280 miles, give or take a hill.

Time is marching on for this president. It’s year three of his first term. He promised he’d put oil back in the SPR, and now he cannot deliver on that promise.

While his policies continue to suppress domestic energy production, and demand around the world is exceeding supply, the president has made the nation a less secure place because he traded our national security for power — his own political power.

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Re: Biden Is Destroying Our Strategic Petroleum Reserve
« Reply #3 on: February 19, 2023, 11:11:03 AM »
Biden is running out of ammunition to fight the next oil crisis.

More oil releases from the Strategic Petroleum Reserve could handicap the Biden administration, analysts say.
The key reserve will hit 346 million barrels after the next release April.
"To allow this drawdown to take place has put undue stress on American resources and limits our ability to respond to an oil market spike."

More releases from the Strategic Petroleum Reserve could handicap the Biden administration's ability to combat a future oil shock, according to analysts.

 

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