Staff Reports
In a recent move by the Biden administration, a substantial quantity of oil has been drawn from the United States Strategic Petroleum Reserve (SPR) in an effort to assist Democrats in the upcoming midterms. This decision follows a series of actions by Biden's administration that led to strict limitations on U.S. oil production and the cancellation of key infrastructure projects supporting the development of oil and gas resources. The SPR, which contained 346,758,000 barrels of oil in July, has now been depleted to just over half of its capacity due to Biden's measures. This situation depletes America's strategic backup supply of oil, which was originally established to guard against threats from adversarial nations. It's a peculiar twist that Biden's energy policies have precipitated a situation that is now being invoked to justify his actions.
Joke Biden gave Iran $6 Billion and $600 Million to Palestinians and probably much more used for Hamas terror in Israel.
So why hasn't Joke enforced the oil ban on Iran that Trump imposed? Trump had them exporting 400,000 barrels a day, but Joke permits them 4 Million a day! pic.twitter.com/0UmskUYy11
— Fixing America 🇺🇸 (@PhillipDenton) October 16, 2023
While we have been covering Biden's self-inflicted energy crisis and his efforts to keep gas prices in check, some segments of the mainstream media are beginning to scrutinize Biden's use of the SPR. For instance, Politico has raised concerns about the reduced reserves diminishing Biden's capacity to respond to future oil market shocks. With the SPR at such low levels, the U.S. is becoming increasingly reliant on countries like Saudi Arabia for oil supply. This puts the U.S. in a vulnerable position and weakens Biden's ability to enforce economic sanctions, such as those targeting Iran's oil exports.
Additionally, Biden's limited influence in seeking increased oil supply from OPEC+ has been revealed. OPEC+ has rebuffed America's requests and even curtailed production, undermining Biden's strategy. With the SPR less than half full, Biden has fewer options for holding countries accountable when they violate embargoes. This is yet another example of the Biden administration's vulnerability and underscores the need to enhance U.S. energy production. By green-lighting development projects and increasing domestic energy production, the U.S. can reduce its dependence on other nations and exert greater influence over the global oil and gas market.
