http://twitchy.com/dougp/2024/04/03/another-biden-success-story-heres-why-the-us-strategic-petroleum-reserve-wont-be-replenished-n2394714
Back in 2022, after tapping the U.S. Strategic Oil Reserve to help bring down gas prices ahead of the midterm elections, President Biden announced that he had a "plan" to refill the SPR:
RNC Research (@RNCResearch) ~ In 2022, Biden claimed he had "a plan to refill the Strategic Petroleum Reserve" after draining it to its lowest level in four decades.
Today, they cancelled that plan because oil is too expensive.
Video ~ http://twitter.com/i/status/1775536644310847991
Woof! This dementia patient can hardly even spit out the words "Strategic Petroleum Reserve."
Fast forward a couple of years and guess what -- another Biden "plan" has collapsed like everything else this administration does:
Wall Street Silver (@WallStreetSilv) ~ The Department of Energy has canceled its latest tender for crude oil for the replenishment of the strategic petroleum reserve after oil prices moved higher than the DoE is comfortable with.
Last month, the DoE purchased 2.8 million barrels at a price of $81 per barrel, which was higher than its self-imposed ceiling of $79 per barrel. It appears the department is unwilling to keep paying more for SPR oil, saying it was “keeping the taxpayer’s interest at the forefront”, per Bloomberg.
“We will not award the current solicitations for the Bayou Choctaw SPR site and will solicit available capacity as market conditions allow,” the department said. “We will continue to monitor market dynamics.”
West Texas Intermediate topped $85 per barrel this week as Brent crude moved closer to $90 per barrel amid heightened geopolitical tensions in Russia and Ukraine and in the Middle East.
Ah, Brandon ... this is what happens when you play Statist games for political expediency ... YOU end up being the dumbf**k with egg on YOUR face. YOU intentionally and immediately went about doing everything you could to hinder our domestic oil and gas production and then drained our Strategic Petroleum Reserve to shave off a few cents per gallon at the pump right before an election. And now that your actions have significantly helped the price of oil to skyrocket, you find out the price of oil is too prohibitive to fill our reserves back up. Well, no duh ... a two-year-old could've seen this coming.
Elmo says ...
@amuse (@amuse) ~ WAR: After selling the majority of our nation’s strategic oil reserves to China, Biden has decided not to refill the SPR. While necessary for our defense in the event of war with Russia or China, Biden has decided his campaign cannot withstand skyrocketing gas prices.
Well, folks ... there's no denying it, now ... the 2020 election put the toddlers in charge, that's for sure.
dana coselman (@DanaCoselman) ~ Just another great example of betrayal of our country by the Biden administration. Draining our strategic reserve in 2022 to help win an election. And now we'll leave it for Donald Trump to refill. Democrats stink of corruption and terrible destructive policies.
Via Bloomberg News:
The 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.
“We will not award the current solicitations for the Bayou Choctaw SPR site and will solicit available capacity as market conditions allow,” the department said. “We will continue to monitor market dynamics.”
The Biden administration is "keeping the taxpayer's interest at the forefront"? HAHAHAHA! Wait, they're serious?
RNC Research (@RNCResearch) ~ 🚨 Biden drained the U.S. Strategic Petroleum Reserve to its lowest level in 40 years.
Now, the Biden administration is CANCELLING their plans to refill it because oil is "way too expensive."
Video ~ http://twitter.com/i/status/1775528457067225386
Yeah, EVERTHING is "way too expensive" thanks to "Bidenomics."
Pradheep J. Shanker (@Neoavatara) ~ Another Biden success story!
The Biden L's keep stacking up. Unfortunately, all Americans end up paying the price.
Like we always say, when Biden took office he promised that the days of "America First" policies were over and he was NOT joking.
Lori Mills (@LoriMills4CA42) ~ If true, he won’t be able to drain it again for the upcoming election.
MatthewJshow (@MatthewJshow) ~ National security being compromised? You bet.
Between this, Biden's open border and many other things, what could possibly go wrong?
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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