Thursday, October 12, 2023

The Drawdown of the Strategic Oil Reserve

Given the recent events in the Middle East, how dangerous is this Biden energy policy?

Biden abused his power when he drained our Strategic Petroleum Reserve in an attempt to lower oil and gas prices, so his popularity wouldn't wane. While that didn't work, he has placed this country in a perilous position. As if his open borders wasn't threat enough.

And it's also worth remembering that Chuck Schumer blocked Trump's request to buy 77 million barrels in March 2020, when lockdowns had pushed the spot price close to zero:

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