Friday, April 22, 2022

Biden May Be Illegally Releasing Millions of Barrels of Oil from US Strategic Oil Reserves to Its Lowest Level Ever

  1. A former Trump administration official suggested that President Joe Biden’s recent release of 180 million barrels of oil from emergency stockpiles is unlawful.
  2. Biden’s action violated the 1975 Energy Policy and Conservation Act which established the Strategic Petroleum Reserve (SPR), Mark Robeck — the former deputy general counsel for energy policy at the Department of Energy (DOE) during the Trump administration — wrote in a Washington Examiner editorial Thursday.
  3. Prior to 2021, the most recent SPR emergency release took place amid the Libyan civil war in 2011 when former President Barack Obama tapped the reserves as Middle Eastern oil supplies dramatically fell.
  4. On March 31, Biden ordered the DOE to release a million barrels of oil per day for six months, the largest release in U.S. history.
  5. The SPR, designed to store 714 million barrels of crude for emergencies, is currently at less than 600 million barrels, its lowest level since 2002, according to the Energy Information Administration.
  6. “In short, Congress imposed a predicate circumstance of a ‘severe energy supply disruption’ for the president and secretary of energy to authorize the sale of crude oil from the SPR, and such a disruption simply does not exist right now,” Robeck wrote in the editorial.

 

https://www.thegatewaypundit.com/2022/04/biden-may-illegally-releasing-millions-barrels-oil-strategic-oil-reserves-lowest-level-ever/ 

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