Joe Biden announced another release of more oil from the Strategic Petroleum Reserve ahead of the 2022 midterms in an effort to (artificially) bring gas prices down.
Joe Biden will deliver a statement later today to announce the release of another 15 million barrels from the Strategic Oil Reserves.
Biden continues to deplete the US oil reserves in order to artifically bring down the price of gas.
Biden is playing politics with US national security.
The AP reported:
President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations, and he will say more drawdowns are possible this winter, as his administration rushes to be seen as pulling out all the stops ahead of next month’s midterm elections.
Biden will deliver remarks Wednesday to announce the drawdown from the strategic reserve, senior administration officials said Tuesday on the condition of anonymity to outline Biden’s plans. It completes the release of 180 million barrels authorized by Biden in March that was initially supposed to occur over six months. That has sent the strategic reserve to its lowest level since 1984 in what the administration called a “bridge” until domestic production could be increased. The reserve now contains roughly 400 million barrels of oil.
This is merely a political ploy ahead the midterms to help Democrats hold on to the House and Senate.
Bloomberg News reporter Jennifer Jacobs on Tuesday asked White House Press Secretary Karine Jean-Pierre why Joe Biden is announcing another release of oil before the midterms.
“Can you explain why…you mentioned that gas prices are going down again so why would the U.S. need another SPR release from that 180 million barrels that you already announced? Why would you need that now if [gas] prices are already dropping?” Jennifer Jacobs asked KJP.
Karine Jean-Pierre said Joe Biden is doing everything to address “Putin’s price hike.”
After waging a war on domestic energy production, Joe Biden is now draining the Strategic Petroleum Reserve.
Biden released millions of barrels in these reserves but the beneficiaries were Asian countries and Europe.
Last month Bloomberg reported Joe Biden wants to fill the Strategic Reserves with $80 per barrel oil.
Just two years ago the Democrats blocked President Trump from filling the Strategic Oil Reserves at $24 per barrel.
The Democrats cost the US BILLIONS in potential profits, Bloomberg News reported.
Joe Biden and the Democrats destroy everything they touch.
Read The Original Article here