The Biden administration is inept. They are trying to sell Americans a lie about how the country is draining its Strategic Petroleum Reserve.
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I'm getting tired of the lies being told by the Biden administration. They keep trying to claim that they're using the SPR to help the global economy, but everybody knows that's not true. Whenever gas prices were high or low, it was their fault.
According to the Daily Caller, an adviser to the Biden administration, Amos Hochstein, claimed on CNBC's "Squawk Box" that the government had drained the country's Strategic Petroleum Reserve to save the global economy.
Joe Kernen, the host of the program, noted that the Biden administration had previously blamed oil companies for price-gouging. However, now that gas prices have started to drop, the argument has shifted away from blaming the industry.
Joe Kernen is the host of the program, and he is very angry at the Biden administration for lying to Americans.
He also wondered if the administration was trying to buy time by accusing gas companies of price-gouging. Everyone knows that this strategy was not used, but it would have been great if it was.
This is actually what happened.
During the invasion of Ukraine in March, Biden authorized the sale of 180 million barrels of oil, which was blamed on Vladimir Putin. The administration also blamed oil companies for the high prices of energy.
In October, the government released another 10 million barrels from the reserve. This brought the total amount of oil that the country has released to the market to just over 180 million barrels.
People who understand the purpose of the Strategic Petroleum Reserve are advising against it. The Biden administration continues to use it as if it were their own personal reserve.
According to the head of the largest trade association for the oil and natural gas industry, the country could be in for another oil crisis if the country doesn't replenish its petroleum reserve.
The CEO of the American Petroleum Institute, Mike Sommers, criticized the Biden administration for using the reserve for political gain.
The Biden administration has been trying to get positive attention for a long time. They have been manipulating the market whenever a consequential election is around, and their goal is to drain the country's spirit so that the elites can get away with their actions. The entire world knows what they're up to, yet they only resort to lying because that's what they're good at.
The preceding is a summary of an article that originally appeared on Next News Network.