The Biden administration killed its efforts to replenish the Strategic Petroleum Reserve because oil is “way too expensive.”
This comes as gas prices continue to climb at the pump.
CLICK HERE TO JOIN OUR NEWSLETTERJoe Biden has reduced the Strategic Petroleum Reserve levels to their lowest level in 40 years. First, he released millions of barrels of oil in the US to artificially lower the price of gas at the pump for the 2022 midterm elections so that the Democratic Party looked less incompetent. He tried to pull the wool over the eyes of American voters by releasing oil that is supposed to go toward our military in case a war breaks out.
Biden sold the United States’ Strategic Petroleum Reserve to Europe, India, and China.
Biden sold over 7 million barrels of Strategic Petroleum Reserve oil to China, our biggest enemy.
VISIT OUR YOUTUBE CHANNELThe Biden administration won’t move forward with its latest plans to buy oil for the Strategic Petroleum Reserve amid rising prices.
The Energy Department said it was “keeping the taxpayer’s interest at the forefront” in its decision not to purchase as many as 3 million barrels of oil for a Strategic Petroleum Reserve site in Louisiana. The plan for the barrels to be delivered in August and September had been announced in mid-March.
Does anyone believe they really planned to replenish the Strategic Petroleum Reserve to acceptable levels?
Joe Biden foolishly asserted in October 2022 that he would refill the oil reserves at $70 per barrel to generate money. The average per barrel today is $86.70.
“By selling from the [oil reserve] at the higher price of $90 earlier this year and then re-filling it in the future at a lower price, around $70 will actually make money,” Biden mumbled in the past. He was lying then, and he hasn’t improved with age.
Not long ago, Democrats prevented President Donald Trump from filling the Strategic Oil Reserves at $24 a barrel. Don’t wait for the fake news to remind you of that.
Democrats cost the United States billions of dollars in potential income, probably because they felt it would have been a win for Trump.
In a move that still boggles my mind, Energy Secretary Jennifer Granholm covertly met with Communist Chinese Party (CCP) energy executives before Biden released barrels of oil from the US Strategic Petroleum Reserve in 2021.
“Secretary Granholm’s multiple closed-door meetings with a CCP-connected energy official raise serious questions about the level of Chinese influence on the Biden administration’s energy agenda,” said APT Executive Director Caitlin Sutherland to Fox News.
The Department of Energy downplayed the Biden administration’s engagement with CCP officials, stating that the discussion was part of the agency’s attempt to “fight climate change.” There they go again, using climate change as an excuse for nefarious actions.
“Solving the climate crisis means engaging with competitors and allies in clear and substantive discussions, especially among the nations emitting the most carbon pollution into the atmosphere,” a spokeswoman for the Department of Energy said. “We must all address the transnational challenge of climate change to our planet.”
You have to ask yourself, if there is evidence that the Biden crime family received millions of dollars from Communist Chinese linked companies, and there is, is that why Joe Biden has done things that harm America at China’s benefit?
What happens if a war breaks out and we don’t have the oil to support our troops? How will they blame that on Trump?
