Twice this year already, the Biden administration has tapped into the Strategic Oil Reserve to try and flood the market with enough oil to drive the price at the pump down.
The president is about to double down on efforts to bring the pump price down by tapping the SPR for a truly massive amount of oil: at least a million barrels a day for a total over several months of 180 million barrels.
Is this the reason the SPR was created in the first place? What's so "Strategic" about saving Biden's a**? Indeed, the criteria for releasing the reserve are vague at best.
CNN:. The steps are an attempt to reduce gas prices while also putting an onus on oil companies to increase supply.
"Our prices are rising because of Putin's actions. There isn't enough supply. And the bottom line is if we want lower gas prices we need to have more oil supply right now," Biden said.
The problem is that the U.S. was a net exporter of oil when Biden took office.
Remember: The oil crisis isn't Biden's fault.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Friday, April 1, 2022
Was the Strategic Petroleum Reserve Created to Save a President
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