This is insane. Insane. At a time when millions of Americans are struggling to pay historically high gas prices, our government is shipping millions of barrels of oil from our strategic reserves to other countries.
At a time when millions of Americans are struggling to pay historically high gas prices, our government is shipping millions of barrels of oil from our strategic reserves to other countries.Joe Biden refuses to budge on his anti-energy creation policies and at the same time is sending our reserves overseas? This is madness.More than 5 million barrels of oil that were part of a historic U.S.
The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden to lower record pump prices. Biden on Saturday renewed a call for gasoline suppliers to cut their prices, drawing criticism from Amazon founder Jeff Bezos. About 1 million barrels per day is being released from the Strategic Petroleum Reserve through October. The flow is draining the SPR, which last month fell to the lowest since 1986. U.S. crude futures are above $100 per barrel and gasoline and diesel prices above $5 a gallon in one-fifth of the nation. U.S. officials have said oil prices could be higher if the SPR had not been tapped.
The U.S. oil reserve is not Biden’s to use whenever he thinks it will help him politically. This is an A.F. Branco cartoon come to life:
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