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Biden May Tap Strategic Petroleum Reserve Amid Rising Fuel Prices

Biden May Tap Strategic Petroleum Reserve Amid Rising Fuel Prices

Sinking poll numbers are likely a contributing factor.

Polls recently released show that Biden’s approval numbers have sunk below 40%.

President Joe Biden’s approval rating fell to a new low of 38% in a USA Today/Suffolk University poll released on Sunday, with 59% disapproving of the job he is doing as chief executive.
…Results of the poll include:

  • Vice President Kamala Harris’ approval rating is even worse at 28%, with 51% disapproving of the job she is doing; 21% are undecided.
  • Among those surveyed, 46% say Biden has done a poorer job as president than they expected, including 16% of those who voted for him. Biden has particularly disappointed independents, with 44% saying he has done worse, not better, than they expected.
  • A full 64% say they don’t want Biden to run for a second term in 2024, including 28% of Democrats. Opposition to former President Donald Trump running for another term in the next presidential election is nearly as high, at 58%, including 24% of Republicans.

Fear that the numbers will plummet even farther amid rising fuel prices is likely one of the driving reasons the occupant of the Oval Office is considering tapping into the Strategic Petroleum Reserve.

President Joe Biden may soon tap into the nation’s Strategic Petroleum Reserve to boost domestic energy supply as prices continue to soar heading into winter, according to Energy Secretary Jennifer Granholm.

During an interview with CNN’s Dana Bash, Granholm said the president’s decision could hinge on a forecast due this week by the U.S. Energy Information Agency. Granholm also discussed OPEC’s resistance to the administration’s calls for increased production after it took 10 million barrels per day off of production in response to the pandemic.

“They have chosen this past week not to do that, so that is going to increase the chokehold on access to affordable fuel at the pump,” Granholm said.

As a reminder, Biden’s repellent Secretary of Energy laughed hysterically at the idea that Americans are suffering or that America has no control over gas prices. This more tempered concern for fuel prices is likely also attributable to the backlash from Granholm’s recent clown show.

Granholm offered this additional consolation for Americans: Be grateful you are not European.

“We are in a slightly beneficial position, certainly relative to Europe, because their chokehold of natural gas is very significant. They’re going to pay five times higher,” Granholm told Bash.

“But we have the same problem in fuels that the supply chains have, which is that the oil and gas companies are not flipping the switch as quickly as the demand requires,” she added. “That’s why the president has been focused on both the immediate term and the long term.”

Granholm certainly vibes quite well with the Brandon Administration’s “Lower Your Expectations” mantra.

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Comments

Because prices are not increasing fast enough: time to deplete the reserves.

It is a small step back to gather momentum. Then we will see real growth. Not economic growth, inflation growth.

Thus making us even more vulnerable to OPEC for our rejuvenated dependency on imported oil. This is no accident. This is intentional national suicide at all fronts and on all levels.

10 months ago we were energy independent.

    henrybowman in reply to 2smartforlibs. | November 9, 2021 at 8:08 pm

    Hey, remember that week during the Trump administration when oil prices went negative, and the oil companies would actually have paid us to pump their product into our national strategic reserve?
    Good times!
    Fuck Joe Biden!

We’ll need to build some kind of pipeline to get the oil out of the strategic reserve.

    Milwaukee in reply to rhhardin. | November 9, 2021 at 11:02 am

    I’m hoping you are trying to be funny. But don’t you know, you might be right. Then lefties will protest that pipeline.
    Doesn’t some part of New York, Long Island maybe, have a natural gas shortage already because of fixed capacity of local peipeline?

    henrybowman in reply to rhhardin. | November 9, 2021 at 2:39 pm

    Nonsense. That’s why Biden let in millions of illegal aliens. He foresaw the need for a national bucket brigade.

This trick has ALWAYS failed to lower prices when it’s been used. Because everyone trading knows that a scarce item doesn’t get more plentiful just because you’re burning all of your reserves.

This is early November. Now is not the time to tap the reserve. Keep the powder dry and wait. Unless of course they really do want to exhaust the supply early. Thousands will die, fast, faster than waiting for the clot shot to kick in.

In World War I Winston Churchill was First Lord of the Admiralty. He also had his pilots license. He flew to France to see how things were going and asked the Field Marshal, “Where are your reserves?”
He replied “We have so many divisions here, and here, and here, and there, and there.”
Good.
Years later, next war, Winnie flies to France. He asks the same question of Field Marshal Petain. “Where are your reserves?”
New answer. “We have none.”
Ouch.
Churchill remembered he needed to be in London for something and promptly returned to England. Always a bit dicey to dip into, and then exhaust, reserves too early.

Excellent move on their part. At first, I couldn’t understand why they were doing this, then I remembered one of my comic books was advertising a Masters Degree in Joenomics… five minutes later, I graduated and now I can explain their rationale….when there is an excess in product, price goes up. Get rid of the reserves and prices will go down.

Don’t believe joenomics? Well, when there is zero oil, the price is also zero.

Don’t try to argue…. Along with my comic book Masters, I was also graduated Magna Cum Laude. Now I’m waiting for Twitter and FaceBook to complete my background check then on to DC!

No mention of the restrictions that put on the bankers / investors who won’t loan money to the companies so the can finance increased production.

    Milwaukee in reply to buck61. | November 9, 2021 at 11:56 am

    On one hand you are absolutely correct.
    On the other hand, That’s crazy talk. Why would a bank loan money for oil exploration and development if the Federales aren’t going to allow permits?
    The leftist are sabotaging our energy system.
    Sabotage is from the french sabot, for wooden shoe, Thrown into working machinery, with intention of destroying the machinery. Sort of like Luddite.

    P.S. I live in a town with 3 oil refineries, and building more.

Tap the reserve is a symbolic gesture that will be the basis for MSM ‘Biden is doing something’ propaganda press coverage. It ain’t going to move the price.

2nd Ammendment Mother | November 9, 2021 at 12:51 pm

And consider what kind of premium price we’ll being paying OPEC to restock the reserve, which will require alot of concessions to persuade them to increase output. Want to know who benefits from limiting US production – Iran and Russia – Trump dang near cash starved both countries by increasing American production!

Typical Democrat bullshit.

The reserve is there to give you more time to solve the problem, it is not a solution itself.

But because Biden and the morons behind him refuse to admit that there even IS a problem to begin with, much less have any idea how to solve it, they’re just going to shit out our reserves and then throw up their hands and say ‘well we tried guyz but gee whiz nobody can solve it!’

Wait! I though that fossil fuels were the greatest threat to the planet since white nationalism, or the end of Net Neutrality, or something. Doesn’t this contribute to global warmi-, ah, climate change?

    BIDEN SOLUTION TO THE CLIMATE CRISIS = DEPRESSION

    A depressed economy doesn’t build much. Doesn’t transport much. So it does not use much oil and does not produce much carbon emission. Biden is GENIUS. He is going to reduce climate change single-handedly.

    Oh, for the millions who lose their jobs and the million more who may starve – take comfort that you are doing your part to save the planet. And anyway, if there is any economic recovery – Biden needs this pretext to give your job to one of the new immigrants who will gladly vote as they are told. See what a Genius this man is. Wow.

VENEZUELA -LEVEL FAILURE

Just like the USA, Venezuela was once energy independent. Like the USA, Venezuela has one of the highest oil reserves in the world.

Now, just like Venezuela, USA is trying to find oil to cover shortages.

Biden came into office with a USA that was energy independent.

>> Now he has to consider eating the “seed stocks”

Even if he taps the reserve – it will only be a temporary solution. We get closer to Venezuela’s economy every day.

LET’S GO BRANDON

Stop production. Tap reserves. And other housewarming gifts to foreign and domestic interests. They really believe that they can abort the baby, cannibalize her profitable parts, sequester her carbon pollutants, and have her, too. Time will tell if the People agree with their Choice(s).

Wanna lower prices and increase production? Vote Trump 2024

Lucifer Morningstar | November 10, 2021 at 8:49 am

So let me get this straight, the man that:

1. Canceled the Keystone XL pipeline permits
2. Banned any and all fracking
3. Prohibited all petroleum exploration and drilling in the United States
4. Is in the process of shutting down Pipeline 5 in Michigan
5. Has begged Saudi Arabia and Russia to produce more oil to no effect

is now going to deplete the strategic reserves of petroleum in a futile attempt to lower gasoline and other petroleum prices.

It would almost be funny if it weren’t that pathetic.

Biden is a cancer that needs to be excised.

The SPR was created as an emergency measure. Emergency as in, war or other cutoff of supply. Not as an inflation-fighting measure.

It’s another case of how donkeys cannot think past the immediate needs they create with their stupid decisions. Take America back from energy independence and make it dependent again. Watch prices rise. Then when begging OPEC and the Russians to slit their own economic throats doesn’t work, cast about for some quick and easy fix.

“The SPR. Of course. I mean, we’re not at war right now, so, it’s just sitting there, right? What could possibly go wrong in the future, anyway? Why not use it right now to boost our poll numbers a bit?”

This is as deep as their thinking goes. And they’re running everything now.

If you cannot see this is intentional, and not mere incompetent “leadership”, you are the epitome of “There is none so blind as those who WILL not see.”

Ask yourself, if you were trying tofuckthis country so completely as to render it unrecognizable, what would you do differently from what the Marxocrats are currently doing.

Answer: Not a damn thing.

POS Biden is doing his level best to destroy the USA with shutting down oil pipelines, canceling oil leases, shutting down our energy generation, opening our borders, destroying jobs, overly restrictive covid restrictions for way too long, emboldening our enemies, destroying America’s relationships with our allies, spending money we do not have, etc.
President Trump was on the path to create self sufficiency by bringing back America’s manufacturing and eliminate our reliance on Chinese crap made products. He opened the oil and natural gas production and was making progress in releasing our 300+ years of coal reserves nuclear energy. We need to continue this path towards self sufficiency, strengthening our military capabilities, eliminating foreign countries internal spying of our Country (Chinese), strengthening our internet system including our electrical grid from EMPs, bringing back our ability to produce our own pharmaceutical drugs/rare earth minerals, and eliminate illegal invaders into our Country! All of this while eliminating the “deep state” characters that want to destroy our Country from within! All of us can do better but need to vote smarter, use common sense, eliminate excess spending, downsize all levels of government to be responsive to our needs as opposed to our wants, and begin to work towards these goals as a Team!

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