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Biden Draining Strategic Petroleum Reserve, Intended For National Emergency, Trying To Salvage Midterms

Biden Draining Strategic Petroleum Reserve, Intended For National Emergency, Trying To Salvage Midterms

According to Forbes, our SPR is “at its lowest level since 1984.”

As Bidenflation took root and gas prices shot up, Joe “I am the Democratic Party” Biden preened about how effectively the pain this caused American consumers across the U.S. economy would force his delusional “great transition.” He was so happy . . . until the polls started rolling in.

Tanking to historic lows, Biden managed to poll worse than Trump at similar points in their presidencies on numerous occasions. Considering the contrast in press coverage, this was a remarkable feat. The effect bled out to all Democrats, and a red midterm tsunami was all but assured. Biden had to get gas prices down, but how?

The obvious response would be to undo all the damage he had done to the fossil fuel industry in this country, to get the oil and gas flowing again, to return to President Trump’s energy independence. He could have done this, still could, but instead, Biden remains laser-focused on his deeply-flawed, fantastical “green energy transition” pipe dream.

So barring anything that might actually work both in the short and long term, Biden decided to blame-shift, temporarily increase engine-killing corn in gasoline, and to release oil from America’s Strategic Petroleum Reserve (including selling it overseas as Americans struggle at home).  These temporary measures are intended to be just that, temporary.  They have to get Team American Last through the midterms with gas prices somewhat lower than the Biden $4 and $5/gal.

Having succeeded, in part by using our Strategic Petroleum Reserve (SPR) to somewhat lower gas prices, Biden, Democrats, and their propagandist arm of media activists trumpeted Biden’s great success in affecting gas prices.  When—not if—gas prices shoot back up, we’ll all be told once more that Biden has no control over gas prices.

Biden’s draining of the nation’s Strategic Petroleum Reserve to bolster his party’s midterm chances is not only a cynical political ploy but a threat to our nation’s energy security.  According to Forbes, our SPR is “at its lowest level since 1984.”

Townhall reports:

The SPR is an emergency reserve typically tapped during natural disasters, times of war and limited extraordinary circumstances. Biden started its depletion for political purposes in an attempt to lower gas prices — ahead of a midterm election — while continuing to handcuff oil producers.

The use of the reserve hasn’t worked to significantly gas lower prices and with continuing daily releases, SPR levels are getting alarmingly low.

Biden has said that they will replenish the SPR when prices hit $80 a barrel, but it’s good to remember that Democrats blocked Trump’s attempt to replenish it at $24 a barrel.

PJMedia reports:

In March, Joe Biden ordered the release of millions of barrels from the Strategic Petroleum Reserve in order to address the record-high gas prices that were plaguing the nation. Gas prices are still way above normal, and Biden is still tapping those reserves, but he has a plan: once oil prices drop below $80/barrel, we’ll restock it.

. . . . It’s just too bad we didn’t load up the reserves when gas prices were much cheaper.

Oh, wait, Trump tried to do that. But Democrats stopped him.

“It was only two years earlier that Democrats blocked former President Trump from filling the reserve when oil was hovering around $24 per barrel,” reports Bloomberg. “Trump in March of 2020 was looking to stabilize the oil industry after Covid-19 hit in 2020 and crushed global petroleum demand. With oil at the time priced at about $24 a barrel, Republicans proposed spending $3 billion to fill up the reserve. But the idea became a political football in larger negotiations on trillions in coronavirus relief, with Senate Democratic Leader Chuck Schumer proclaiming that his party had blocked a ‘bailout for big oil.’”

This was an incredibly costly decision. According to Bloomberg, because of the Democrats’ grandstanding over “big oil” profits, the United States effectively lost billions in potential profits, not to mention that there was less supply.

The SPR is intended to be used during emergencies to ensure American energy security, not to help sleazy, corrupt politicians win elections.

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Comments


 
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MrPeabody | September 18, 2022 at 6:46 pm

Biden said, “Our focus going forward must be on electric vehicles. Therefore, I am going to drain the oil reserve and re-fill it with electricity.”

“Basement dummy.”

Succinct. I like it.


 
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chrisboltssr | September 18, 2022 at 7:08 pm

If America drilled for oil daily and constantly there would be no need for a Strategic Oil Reserve. And leave it to the overeducated to not only not allow drilling bit to deplete our oil reserves as well.

To the Brandon Regime the prospect of loosing the House and/or Senate IS a national emergency. If draining the strategic oil reserve can help prevent that then so be it.

And the 100 allegedly classified documents (out of 11,000 seized) Trump had in his possession for over 18 months is a national emergency.

And 50 illegal aliens suddenly appearing on Martha’s Vineyard is a national emergency.

And ‘assault weapons’ in the hands of millions of law abiding American citizens is a national emergency.

And the allegedly impending catastrophic ‘climate change’ disaster is a nation emergency.

And ‘white supremacism’ and (very hard to find) ‘rightwing domestic terrorism’ is a national emergency.

And Covid is still a national emergency.

Etc.

Maybe some of the 81 million who allegedly voted for Brandon are starting to notice a pattern. At least some of the ones who were sentient and alive and mentally functional at the time they allegedly voted.


 
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Subotai Bahadur | September 18, 2022 at 9:36 pm

OK, Biden is draining the SPR in part to try to influence any putative election in November. Let’s grant that. But people can have multiple reasons for what they do. Emptying the SPR deliberately puts us in a weaker position for any foreign based crisis that takes place later, election or no. For a Leftist, that is reason enough in itself.

Subotai Bahadur

In my mind, I go back and forth. Joe is just stupid and incompetent and screws up naturally. Or, his regime knows they are destroying our country and its institutions to gain power and don’t care. Both scenarios are completely unacceptable.

From the Washington Free Beacon: “Obama tried to warn us. The American people underestimated Biden’s ability to f___ things up, and now we’re paying the price.”

No truer words spoken.


 
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henrybowman | September 18, 2022 at 11:01 pm

“The obvious response would be to undo all the damage he had done…”
Watching the Biden Administration is like watching a Three Stooges episode. If there are multiple ways to address a problem, including the one that Trump (and anybody else with a brain) would take, Moe Joe will zero in on the most counterproductive one, the one that will cause the greatest amount of collateral damage, while still NOT achieving the goal. It’s 100% predictable. So predicable that no one in Hollywood would buy it.

~300 Million Barrels. But hey, there’s an election coming up.

After November, they will start buying again and gas prices will soar over the winter.

Democrats will be buying ~300 Million Barrels at >$80 a barrel just a little over 2 years after Senate D’s blocked President Trump from topping off the reserve with a 100 Million Barrel purchase at only $24 a barrel.

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